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Indian Oil Corporation Awarded The Heavyweight Maharatna Award By DSIJ

NEW DELHI, March 25, 2013 /PRNewswire/ --

Dalal Street Investment Journal (DSIJ), India's No. 1 investment magazine today announces the winners of its 4 th Public Sector Undertakings (PSUs) Awards 2012; presented to PSUs in recognition of the excellence of performance and their contribution to the Indian economy. The coveted awards were given away by Chief Guest, Mr. Ajit Singh, Honorable Union Minister of Civil Aviation and Guests of Honor Mr. Uma Shankar, Secretary Ministry of Power Government of India. The event also saw attendance of number of CMDs, Directors and top officials of leading PSU's.

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Taking a leaf out of the grand success of its first three editions, the fourth edition of the DSIJ PSU award ran into 17 different categories ranging from The Heavyweight Maharatna - Manufacturing, won by IOC; Fastest Growing Maharatna - Manufacturing bagged by BHEL; Most Most Efficient Maharatna - Manufacturing won by NTPC and Mighty Masters - Largest Balance Sheet and Topline - Non Manufacturing Navratna earned by PFC. Aiming to raise the award standards year on year, this year's award also recognizes the contribution of smaller PSUs by dividing the list into three categories.

Lauding the efforts of DSIJ for recognizing the talents and merits of PSUs through this award, Mr. Ajit Singh, Minister of Civil Aviation  said; "My appreciation extends not just to the winners but the whole PSU fraternity for having played a pivotal role in creating modern India. In fact, I am pretty much amazed and would also like to congratulate Dalal Street Investment Journal for having decided to evaluate and felicitate a section of the Indian economy which is being looked upon by many today as slow moving and hence lacking in contemporary relevance as compared to its modern, lean and agile private sector peers."

Speaking on the success of the award ceremony, Mr. Sanjay Padode, Managing Director, DSIJ Private Limited said, "I have always been amazed by the resilience of the The Indian PSUs as they continue to perform and deliver upon their promise of keeping Corporate India amongst the global elite whilst delivering their social obligations. Since Independence till date they have continuously created wealth for the shareholders and value for the society."

Drawing from the exhaustive research and findings undertaken by KPMG and the in-house team of DSIJ, these awards reinstate the group's commitment to bring together the best of the talents in the industry and give them their due recognition.

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