|ONGC bags coveted Dalal Street Investment Journal (DSIJ) PSU awards -2010|
08 April, 2010
ONGC has bagged the ‘Dalal Street Investment Journal - PSU awards 2010’ in two categories –
I) Excellent Overall Performance in the category of Heavy Weights
II) Highest Market capitalisation amongst PSU’s in the category of Wealth Builders.
Mr. R. S. Sharma, CMD, ONGC received both the awards on behalf of Team ONGC from Hon’ble Union Minister of Steel, Mr. Virbhadra Singh at New Delhi on 6th April 2010.
Mr. R S Sharma, CMD, ONGC, receiving the award from The Hon'ble Union Minister of Steel, Mr.Virbhadra Singh
ONGC clinched the top of the list in the category of Heavy Weights for excellent overall performance with Sales of Rs 63, 618 crores, Operating Profit of Rs 35,968 crores, Net Profit of Rs 16,126 crores, and Total Assets of Rs 102,573 crores as per balance sheet of FY 09-10.
The award in the category of Wealth Builders was given to ONGC for the Highest Market Cap (Dec 09) of Rs 253,680.50 crores which is almost thirteen percent of all listed PSU’s. A total of 18 awards were given out to PSUs in the categories of Heavy Weights, Wealth Builders, Growth Valuable and Efficiency Epitome and the Special Life Time Achievement Award. The selection criterion for these awards takes into consideration multitude of parameters to evaluate performance of the company and every parameter is evaluated over an extended period of time.
Mr. R S Sharma, CMD, ONGC with The Hon'ble Union Minister of Steel, Mr. Virbhadra Singh (in the centre), Member Planning Commission, Mr. Arun Maira on the right receiving the award.
Speaking on the occasion, CMD, ONGC, Mr. R S Sharma said that “It’s a real honour for me on behalf of Thirty Three Thousand employees of ONGC to win this prestigious award. It boosts our morale to achieve higher targets of performance and productivity”.