In recognition to ONGC’s efforts and performance towards business excellence and contribution to the nation’s economy, the Maharatna has been conferred with the SCOPE Meritorious Award for “Good Corporate Governance” for the year 2016-17.
Standing Conference of Public Enterprises (SCOPE) is an apex professional organization representing the Central Public Sector Enterprises. Through these awards, it aims to encourage and motivate the enterprises to achieve higher goals of organizational excellence.
The award bestowed to the energy major was unanimously decided by a jury under the chairmanship of former Chief Justice of India (CJI) RC Lahoti, on assessment of instances and case studies demonstrating organization/individual's contribution towards business excellence and growth of the economy. The jury had met on 24 February 2020.
SCOPE had instituted the Meritorious Awards for the first time in 2004-05 with the objective to recognize significant achievement of member enterprises in various fields leading to business excellence and competitive advantage.