PUNE, India, May 4, 2017 /PRNewswire/ --
Dalal Street Investment Journal (http://www.DSIJ.in), India's number one investment magazine, announces the winners of the Best Public Sector Undertaking (PSU) Awards, 2016. A flagship event, DSIJ PSU Award has been recognising the efforts of the PSUs in India for several years now. It is always a great experience to interact with the foremost business leaders who are shaping the future of India.
Indeed, the PSUs are central to the Indian growth story and the economic stability that India aspires for, which cannot be achieved without sound performance on the part of various PSUs. We salute the business leaders managing and shaping strategies for the resource-laden PSUs in India.
We conferred the first PSU Awards in 2009 in recognition of the achievements and contributions made by the PSUs. It has indeed been a proud association since then with the stalwarts of Corporate India who work under the pressures of competitive market environment, while also shouldering the responsibilities that come with being owned by the government.
We follow a ranking methodology for PSUs based on comprehensive financial parameters. We have evaluated data only of Maharatnas, Navratnas and Miniratnas, among CPSEs. Again, these companies are divided into manufacturing and non-manufacturing, depending on their areas of operation.
We ranked and awarded companies under three criteria i.e. Size, Most Efficient and Fastest Growing. These criteria were applied across all Maharatna/ Navratna/ Miniratna and were further split into Manufacturing and Non-Manufacturing categories.
The following is a list of the winners of the DSIJ PSU Awards, 2016:
Sr No Category 2016 Awardee 1 Maharatna of the Year (Non-Manufacturing) ONGC 2 Most Efficient Maharatna of the year (Non Manufacturing) Coal India Limited Fastest Growing Maharatna of the year (Non Manufacturing) 3 Maharatna of the Year (Manufacturing) Indian Oil Corporation Limited 4 Most Efficient Maharatna of the year Bharat Heavy Electricals (Manufacturing) Limited 5 Fastest Growing Maharatna of the year (Manufacturing) NTPC Ltd 6 Navratna of the year (Manufacturing) Bharat Petroleum Corporation 7 Most Efficient Navratna of the year (Manufacturing) Bharat electronics ltd Hindustan Petroleum Corporation 8 Fastest growing Navratna (Manufacturing) Limited 9 Navratna of the year (Non-Manufacturing) Power Finance Corporation 10 Most Efficient Navratna of the year (Non -Manufacturing) NMDC 11 Fastest growing Navratna (Non -Manufacturing) NBCC 12 Minratna of the year(Non-Manufacturing) Mahanadi Coalfields Limited 13 Most efficient Miniratna of the year(Non- Manufacturing) Northern Coalfields Limited 14 Fastest growing Miniratna(Non- Manufacturing) Ed.CIL (India) Limited 15 Minratna of the year(Manufacturing) Mangalore Refinery & Petrochemical Limited 16 Most efficient Miniratna of the year(Manufacturing) Balmer Lawrie & Co. Limited 17 Fastest growing Miniratna(Manufacturing) Ferro Scrap Nigam Limited 18 Best Bank SBI 19 Best Bank (Higher growth in Advances) IDBI Bank Ltd 20 Best Insurer Oriental Insurance 21 Highest Growth in villages electrified in FY16 REC
Managing Director of DSIJ Pvt Ltd, Rajesh V Padode says, "It's always a pleasure to get an opportunity to felicitate and bring to light the humongous work The Public Sector Enterprises are doing for the country. We hope these awards further spur these big enterprises to excel."
DSIJ's PSU story in the latest edition will help you understand which sectors contributed to what extent to the overall growth story of India.
Starting off as a 12-page cyclostyled stapled booklet in 1986, Dalal Street Investment Journal (DSIJ), the flagship product of the company, soon began to be looked upon as the gospel of stock market investing. At a time when quality financial and guidance was rare, the company (DSIJ) pioneered many 'firsts' to cater to the fast growing investor base of India. Over the years, its primary publication and other products have helped investors create and protect their wealth in the most meaningful manner, guiding both new investors and the experienced ones, not to forget the established traders, to choose the right stocks, avoid pitfalls and reap the benefits of high tides in the vast ocean of equity investments. It is this vast experience, study and toughening during all kinds of scams and markets ups and downs that gives DSIJ an unbiased balanced insight about the several unfolding events without getting swayed by temporary and misleading populous excitement.
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PSU Ranking Methodology - http://www.dsij.in/article-details/articleid/19669/psu-ranking-methodology.aspx
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