ONGC stole the limelight at the PSE Excellence Awards 2016 organized by the Indian Chamber of Commerce, by securing four Winner awards back to back. ONGC was declared the Winners in the Corporate Social Responsibility & Sustainability, Human Resource Management, Corporate Governance and to top it all – The Company of the Year, Jury award. ONGC won the top awards in the Maharatna and Navratna category. The awards were given away during the 7th Summit of the Indian Chamber of Commerce on 7 September 2017 at New Delhi, whose theme was – ‘India Public Sector Agenda – 2020’.
The PSE Excellence Awards have been instituted by Indian Chamber of Commerce in association with Department of Public Enterprises, Government of India to recognize excellence in public sector undertakings. An independent jury decided on the awards from among the nomination by following a rigorous and transparent process. The evaluation framework was designed by leading professional consultancy firm Deloitte and a panel of eminent jury members deliberated and decided on the winners in each category based on an organization’s performance on pre-decided criteria.
The valedictory of the event was chaired by Hon’ble Minister of State for Heavy Industries & Public Enterprises, Govt. of India, Mr. Babul Supriyo. Lauding the efforts of the public sector enterprises (PSEs) in general and the awardees in particular, the Minister said that he is humbled by the luminaries present on the award occasion, as these leaders have contributed significantly to nation building. He assured the full cooperation of the Ministry in all development efforts of the PSEs.
Mr. Supriyo added said that it’s a testing time to meet the ever-changing demands of the consumers and the global challenges. “We need to see how PSEs and the private sector can co-exist in a balanced manner to fulfil the market aspirations of a developing economy”. The Minister pitched for a continuous dialogue among various stakeholders of the industry for insight, wisdom and support for PSEs to maximise their contribution to the country.