PSU Awards 2013 honors the best PSUs for their contribution to the Indian economy

Posted on April 3, 2014 by sagarmedia

April 3 2014, New Delhi: Dalal Street Investment Journal (DSIJ), India’s No.1 investment magazine, yesterday evening organized the PSU Awards 2013, to honor the Public Sector Undertakings (PSU) for their commendable performance. DSIJ has always had great regard for Indian PSUs and recognized their contribution to the Indian economy.
The DSIJ Group conferred 18 awards in various categories. Shri T K A Nair, Adviser to Prime Minister, India, was the Chief Guest and Guest of Honors was Dr. Pritam Singh, Director General International Management Institute, New Delhi. The event was streamed live at http://www.dsij.in/psu/awards.aspx .
The 5th. DSIJ PSU AWARDS 2013  demonstrates the continuing faith of the Dalal Street Investment Journal in the Indian PSUs. This year witnessed some of the biggest names  in the PSU sector attending the event –

1. Mr. CS  VERMA, CMD, SAIL
2. Mr. B P RAO, CMD, BHEL
3. Mr. M K GOEL, CMD, PFC
4. Mr. RAJEEV SHARMA, CMD, REC
5. Mr. R K TYAGI, CMD, HAL
6. Mr.A K GUPTA, CMD, CONCOR
7. Mr. G SHRINIVASAN, CMD, NEW INDIA ASSURANCE   
8. Mr. MILIND A KHARAT, CMD, United India Insurance
9. Mr. D K GARG, GM North, Bank of Baroda
10. Dr. ASHWINI KUMAR SHARMA, Chief Executive Officer and Managing Director, The National Institute of Electronics and Information Technology

Reflecting on the occasion, Shri TKA Nair, Adviser to the Prime Minister, said, “The contribution of PSU’s in the development of the country and economy has been commendable, particularly in the light of a tough economic environment, red tape and stiff competition. I do not subscribe to the view that Indian PSU’s are at an advantage because of favorable govt. policies. Infact, as per a global study, Indian CEO’s spend the most time in ‘managing the environment’, and more so the CEO’s of PSU’s. Despite these challenges, what I want to highlight is, more than the physical resources, it is the quality of leadership at these public undertakings that has made all the difference. Therefore the single biggest goal before us, is to manage the human resources, nurture and motivate them. A good team is the single biggest criteria to evaluate the prospects of an enterprise. Therefore a robust HR framework that identifies retains and rewards such talent needs to be devised, if we were to maintain our competitive edge in the future. I would also like to see a higher representation of women in PSU’s across roles.

Mr. Sanjay Padode, Managing Director of DSIJ Pvt. Ltd. said, ‘Dalal Street Investment Journal, which has democratized wealth creation for more than 27 years has always recognized the contribution of Indian Public Sector Undertakings (PSUs) in building a robust society and economy for our nation. This recognition has manifested itself in the form of the most coveted “DSIJ PSU AWARDS” since 2009. These companies have been the pillars of the economy providing business opportunities for establishing the Indian Private sector whilst delivering on their social objectives of seeding development and prosperity in the country.
* Winners of the 5th DSIJ PSU Awards 2013 are:

Best Value Creating Maharatnas	Oil & Natural Gas Corporation Limited	D K Sarraf	CMD
	NTPC Limited	Manash Sarkar	ED CC&CA and ED To CMD
Most Efficient Maharatna	Bharat Heavy Electricals Limited	B P Rao	CMD
Highest Asset Creating Maharatna	SAIL	CS Verma	Chairman
CAG Pick of the Year	OIL India	S Rath	Director Operations
Best Value Creating Navratnas	Power Finance Corporation Limited	M K Goyal	CMD
	REC	Rajeev Sharma	CMD
Most Efficient Navaratna	Hindusthan Aeronautics limited	R K Tyagi	CMD
	NMDC Limited	C S Verma	CMD
Fastest Growing Navratna	Power Grid Corporation of India Limited	–	–
Best Value Creating Miniratnas	NHPC Limited	A B L Shrivastava	Director Finance
	ONGC Videsh Limited	D K Sarraf	Chairman
Most Efficient Miniratna	Container Corporation of India Limited	A K Gupta	CMD
Fastest Growing Miniratna	Ennore Port Ltd	M A Bhaskarachar	CMD
Best PSU Bank	Bank of Baroda	D K Garg	GM North Zone
Highest 3N General Insurance Company	New India Assurance	G Shrinivasan	CMD
Consistent All Round Performer	United India Insurance	M A Kharat	CMD
Most Efficient Growth Enabler Award	NIELIT	Dr Ashwini Kumar	CEO & MD

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Kheman Kumar
Advent Public Relations
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