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ONGC Videsh MD R S Butola is finalist of Ernst & Young Entrepreneur of the Year Awards 2008
03 December, 2008

Managing Director of ONGC Videsh Limited (OVL) Mr. R S Butola has been one of the top 19 finalists for the coveted Ernst & Young Entrepreneur of the Year Awards 2008. The finalists were chosen by a six-member jury of eminent personalities chaired by ICICI MD & CEO Mr. K V Kamath, from over 291 nominations received this year, the 10th year of the Awards.

All the finalists were felicitated and winners in nine categories were announced in the Awards function at Mumbai on 26th November 2008, in the presence of leading global and business personalities.

OVL MD Ranbir Singh Butola being felicitated by ICICI MD K V Kamath

The Ernst & Young Entrepreneur Awards recognize India's successful entrepreneurs, who have displayed an inspiring vision, unabated Zeal and passion to make a difference. Considered a prestigious business award for entrepreneurs, "Ernst & Young Entrepreneur of The Year" awards recognize those who are building and leading successful, growing and dynamic businesses, in more than 135 cities in 50 countries.

Under the stewardship of Mr. R S Butola, ONGC Videsh Limited, the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC), has stepped up India's global Oil and Gas footprints, in search of Energy Security for the developing nation. This overseas arm OVL is now aptly referred to as the Growth Vehicle of the ONGC Group.

In the last 3 years he has been at the helm of affairs, OVL has secured a number of prime Oil and Gas properties under stiff competition from global Oil majors. The soft- spoken suave gentleman, a finance expert by academic background, proved his mettle in high-stake global negotiations.

One for the album

Some of the other Awardees this year are Anil Agarwal of Vedanta Resources, A M Naik of Larsen & Toubro and V N Dhoot of Videocon Industries.


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