Adding another feather to its decorated cap, Oil and Natural Gas Corporation Limited (ONGC) bagged four major honors in the Dun & Bradstreet (DNB) PSU Awards 2019. On 22 August 2019 DNB awarded energy Maharatna ONGC with four awards – two for exploration and one each in CSR and Swachh Bharat. Dun and Bradstreet is one of the largest agencies in the world that provide commercial data, analytics, and insights for businesses. It has been operating in India since 1997.
According to an elaborate DNB analysis, ONGC came up to be the:
- Best in Mining and Exploration (Crude Oil)
- Best Maharatna in Mining and Exploration
- Best in Corporate Social Responsibility (CSR) Initiatives
- Best in Swachh Bharat Initiatives
The awards were presented by the Union Minister of Heavy Industries and Public Enterprises Mr Arvind Ganpat Sawant. Director (Technology & Field Services) Mr Navin Chandra Pandey received the awards from the Minister, along with Chief CSR Mr. SSC Parthiban and ED Excom Mr. Sanjay Chawla.
The Minister of Heavy Industries and Public Enterprises Arvind Ganpat Sawant (Middle) giving the Dun & Bradstreet awards to ONGC Director (T&FS) N C Pandey (Second from left), Chief CSR SSC Parthiban (second from right), ED Excom Sanjay Chawla (Right) and Tanuj Upadhyay - Corporate Planning (Left)
The award ceremony was also graced by Secretary, Ministry of Power Mr Subhash Chandra Garg, Chairman & Managing Director of Bharat Earth Movers Limited (BEML) Mr Deepak Kumar Hota and Managing Director, Dun & Bradstreet India Mr Manish Sinha.
Speaking on the occasion, Mr Manish Sinha, through a detailed presentation, elaborated the role of State Owned Entities (SOEs) in the country’s economic growth. He mentioned that out of 339 SOEs in the country, only 10 per cent have positive contribution towards India’s GDP. Presenting a deeper insight he mentioned that only 4 PSUs viz. ONGC, HPCL, BPCL and IOC contribute 58 per cent of the total GDP generated by all the SOEs.
The Minister Mr Arvind Sawant stated that in a time of Liberalization, Privatization and Globalization (LPG), the Indian PSUs are strong enough to compete with the Private sectors. Mr Sawant had earlier been declared as one among the Top 25 Members of Parliament (MPs) in the country, according to the FameIndia.
Mr Sawant stated that the PSUs work with a motive of service and are tools to implement the government policies. He urged for a need for PSUs to build a forum to strengthen each other. He also said that like the Private sectors the PSUs should also diversify their product and service base. He asserted that the government will support the new initiatives brought up by the PSUs.
ONGC subsidiaries MRPL and HPCL were also among the awardees on the occasion.