India’s Best PSU Winner

 

Roll Of Honour: ONGC

Maharatna of the Year (Non-Manufacturing)

ONGC is engaged in hydrocarbon exploration and exploitation of petroleum resources and production of crude oil and natural gas in India. ONGC also produces value-added products, viz. C2, C3, LPG, naphtha, SKO, HSD, ATF etc. It also carries out oil & gas production activities through business units called ‘assets’; exploration activities are carried out through the business units called ‘basins’. Presently, ONGC has 14 assets and 7 basins. It has two principal Indian subsidiaries, namely, ONGC Videsh Ltd (OVL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) with shareholding of 100% & 71.62%, respectively. The company is a partner in eight joint ventures, namely, ONGC Petro-Additions Ltd, ONGC Tripura Power Company Ltd, Mangalore Special Economic Zone Ltd, ONGC TERI Biotech Ltd, Petronet MHB Ltd, Petronet LNG Ltd, Dahej SEZ Ltd and Pawan Hans Ltd.

The company, with approval from its Board of Directors, has drawn up Field Development Plan (FDP) for the development of fields falling under Cluster 2 of the Deep-water NELP Block KG-DWN-98/2. The development would involve a capital expenditure of USD 5,076.37 million (equivalent to INR 34,012 crore @ 1 USD = INR 67). This is the highest ever investment plan as of now in the history of the Indian E &P industry.

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Roll Of Honour: Coal India

Most Efficient & Fastest Growing Maharatna of the Year (Non-Manufacturing)

Coal India Ltd (CIL), a holding company is engaged in the business of coal mining, manufacturing of coke and other businesses, coal bed methane and by-products and to explore, produce, sell and distribute coal through its nine wholly-owned subsidiaries. Out of these 9 subsidiaries, 8 are registered in India and one abroad. Out of 8 Indian subsidiaries, one is engaged in R&D and planning, while 7 are engaged in production and sale of coal.

The total revenue of the company on standalone basis increased by 19% in 2015-16 which went up to Rs 17,292.63 cr in 2015-16 from Rs 14,530.52 cr in 2014-15. The company’s profit has also gone up by 22.11% in 2015-16 to Rs 16,343.53 in 2015-16 from Rs 13,383.39 in 2014-15.

CIL has entered into an agreement with BEML and DVC to acquire assets of MAMC (in liquidation) and revive it to support underground mining activities with indigenous mining equipment. Equity participation of BEML, CIL and DVC was 48, 26 and 26 per cent, respectively. After revamping the Durgapur plant of the erstwhile MAMC, manufacturing of the equipment would commence in the plant soon. CIL has made collaboration with state governments and Indian Railways for development of major railway infrastructure projects in growing coalfield.

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Roll Of Honour: Indian Oil Corporation Ltd

Maharatna of the Year (Manufacturing)

Indian Oil Corporation Ltd is a major player in the field of petroleum refining, pipeline transportation of crude and petroleum products, marketing of petroleum products, R&D, blending & production of lubricants. To create a diversified business profile, IOCL is integrating its business downward into petrochemicals and upward into E&P. The company has also entered into bio-fuels, gas, wind power, solar and nuclear energy.

IOC has nine refineries in India having a combined capacity of 69.2 MMTPA in March 2016. Its marketing network is spread across the country. IOC has a pipeline network of over 11746 Km. The company has nine subsidiaries, of which six are outside the country, and has 23 JVs in the field of petroleum and petrochemicals. The three Indian subsidiaries are Chennai Petroleum Corporation Ltd., Indian Oil Creda Biofuels Ltd. and Indian Catalyst Pvt. Ltd with a shareholding of 51.89%, 74 % and 100%, respectively.

The Government of India had disinvested part of its equity stake in Indian Oil. Apart from new technology adoption and upgradation various modernization efforts were made during the year to improve efficiency.

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Roll Of Honour: Bharat Heavy Electricals Ltd

Most Efficient Maharatna of the year (Manufacturing)

BHEL is an integrated power plant equipment manufacturer and is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil & gas and defence. The company has 17 manufacturing divisions, 2 repair units, 4 regional offices, 8 service centres, 6 overseas offices and 15 regional centres and 6 joint ventures. It has infrastructure to execute more than 150 project sites across India and abroad. The company has established capability to deliver 20,000 MW p.a. of power equipment.

BHEL has one subsidiary, namely, BHEL Electrical Machines Ltd. and six joint ventures. To meet the challenges of a changing business scenario while continuing development in traditional areas of business, BHEL has taken several technology development initiatives covering various business verticals viz. power, transportation, transmission, solar, water, defence and other areas. The company has undertaken projects in recent years with focus on low carbon path technologies including faster assimilation of supercritical technology, development of AUSC technology, SPV and thermal, 765/1200 kV transmission system, GIS up to 765 kV, IGBT-based propulsion systems for higher rating locos, EMU, metro coaches, electric powered vehicles, SPV based charging unit, etc.

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Roll Of Honour: NTPC Ltd

Fastest Growing Maharatna of the year (Manufacturing)

NTPC Ltd. is engaged in primary business of power generation through coal and gas/ liquid fuel based sources. The company has its presence across the country with 18 coal based, 7 gas/liquid based, 1 hydro-based station and 8 Solar PV power stations. Over time, its portfolio became diversified with ventures into hydro power, coal mining, power trading, power distribution, oil & gas exploration, etc. NTPC has also ventured into nuclear, wind and solar power, equipment manufacturing, and providing services for R&M of power stations. On the global front NTPC is exploring opportunities for setting up of power plants abroad, besides offering international consultancy services.

It has five subsidiaries, two of which are wholly owned and in another two NTPC has a controlling stake. The company also has 22 joint ventures (JVs), with a shareholding of 50% in 13 JVs and less than 50% in 9 others.

As per Plats Global Energy Company Ranking 2015, NTPC has been ranked second in the ‘Independent Power Producer (IPP) and Energy Trader’ category. It is the largest power generating company in the country with total revenue of over Rs 71000 crore during 2015-16 and market capitalization of almost Rs 1,06,243 crore as on 31.03.2016.

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Roll Of Honour: Bharat Petroleum Corporation Ltd (BPCL)

Navratna of the year (Manufacturing)

BPCL is an integrated oil company in the downstream sector engaged in refining of crude oil and marketing of petroleum products. It has also diversified into production and marketing of petrochemical feedstocks. BPCL’s two refineries at Mumbai and Kochi have flexible configuration that enables them to select crude oil judiciously on economic considerations, providing a competitive edge in the liberalized scenario. BPCL has three subsidiaries in India and has formed 17 joint venture companies covering refining, city gas distribution, renewable energy, pipelines, gas, into-plane servicing, etc. BPCL markets its products through a robust distribution network of storage depots, terminals, LPG bottling plants, lube blending plants, cross-country pipelines, aviation stations etc.

The profit of the company has gone up by Rs 2,347.37 crore to Rs 7,431.88 crore in 2015-16, from Rs 5,084.51 crore in previous year due to increase in gross refining margin, higher miscellaneous income. The net profit percentage of the company increased from 2.14% in 2014-15 to 3.93% in 2015-16.

Bharat Oman Refineries Ltd, a BPCL joint venture company with Oman Oil Company Ltd, has set up 6 MMTPA grassroots refinery at Bina, Madhya Pradesh. A 935 km crude oil pipeline from Vadinar to Bina has been built for moving imported crude oil to the refinery.

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Roll Of Honour: Bharat Electronics Ltd

Most Efficient Navratna of the Year (Manufacturing)

The company is engaged in production/manufacturing/services of radars, communication transmitters-cum-receivers and electro-optic products. The company has two subsidiaries and is a partner in two joint ventures.

BEL is engaged in the manufacture of multiple products ranging from single products like passive night vision devices etc., to large systems like battlefield surveillance radar, coastal surveillance system, etc. BEL, being a defence production unit engaged in the manufacture and supply of strategic electronic products for defence services, is exempted from publishing quantitative details of its business operations.  

The opening up of Indian defence sector to private participation along with increase in FDI up to 100% and several evolutions of DPP (Defence Procurement Procedure) have progressively ensured wider participation of Indian and foreign companies, exposing BEL to increasing competition. BEL has taken several strategic initiatives for maintaining and enhancing the growth rate in the competitive scenario like emphasis on in house/indigenous R&D; restructuring of SBUs: thrust on exports and offsets: formation of JV/SPVs to bridge technology gaps: new business development initiatives: modernization & expansion of facilities etc.

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Roll Of Honour: Hindustan Petroleum Corporation Ltd

Fastest growing Navratna (Manufacturing)

HPCL is engaged in crude oil refining and marketing of petroleum products. It has two refineries one each at Mumbai in Maharashtra and Visakhapatnam in Andhra Pradesh with a design capacity of 7.5 MMTPA & 8.3 MMTPA, respectively. In addition, the company has a lube refinery with a capacity of 450 TMT, 106 regional offices, 73 depots (including exclusive lube depots) and 37 terminals/TOPs, 37 ASFs, 46 LPG bottling plants and 13802 retail outlets. HPCL holds an equity stake of 16.95% in Mangalore Refinery & Petrochemicals Limited, which has a capacity of 15 MMTPA. HPCL has also constructed a 9 MMTPA refinery at Bathinda, in Punjab as a JV with Mittal Energy Investments Pte.Ltd. HPCL owns eight multi-products cross country pipelines and has 12 joint ventures and 4 subsidiaries in the field of exploration and production, refining and marketing with shareholding ranging from 11% to 100%.

The strategic challenges are to increase the product self sufficiency by expanding the refinery capacity, growing market share in the changing dynamic market scenario with re-entry of private players, consolidation of new business line of natural gas and diversification to new business lines like renewable and petrochemicals.

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Roll Of Honour: Power Finance Corporation

Navratna of the Year (Non-Manufacturing)

The company is engaged in the business of financing power projects, power transmission and distribution works, renovation and modernization of power plants, system improvement and energy conservation, maintenance and repair of capital equipment etc., survey and investigation, studies, schemes and experiments, other energy sources, manufacturing of capital equipments, financing activities having forward and backward linkages to power projects from its operating units and provide consultancy services etc. PFC has corporate office in New Delhi and two regional offices at Chennai and Mumbai. The company has 28 subsidiaries with 100% shareholding. The company is a partner in two joint ventures - Energy Efficiency Services Limited (28.79% shareholding) and National Power Exchange Ltd (16.67% shareholding).

PFC’s priorities include not only accelerating the pace of existing business of funding generation, transmission and distribution projects, but also exploit the new opportunities available in the sector. With this philosophy, PFC has around half-a-dozen strategic business units, focusing on different business segments –

a. Conventional lending to generation, transmission and distribution projects.

b. Consortium lending to generation, transmission and distribution projects.

c. Lending to power equipment manufacturers and fuel producers and suppliers.

d. Consultancy services.

e. Debt syndication.

f. Lending to renewable energy and CDM.

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Roll Of Honour: NMDC

Most Efficient Navratna of the Year (Non-Manufacturing)

NMDC is currently engaged in the mining of iron ore, diamond and sponge Iron production. It is operating three iron ore production units, two in Chhattisgarh and one in Karnataka. It has one diamond mining project in Madhya Pradesh, one wind mill project in Karnataka and one sponge iron unit in Telangana. NMDC has seven Indian subsidiaries with equity shareholding ranging from 51% to 100%.

NMDC Ltd. is setting up a 3 MTPA greenfield integrated steel plants at Nagarnar, district Bastar in Chhattisgarh and has taken up activities for setting up of 15 MTPA slurry pipeline project consisting of 2 MTPA ore beneficiation plant at Bacheli, 2 MTPA pellet plant at Nagarnar and slurry pipeline system from Bailadila to Nagarnar. In the process of increasing  iron ore base as well as expanding its geographic footprint, NMDC has acquired significantly equity stake in Legacy Iron Ore Ltd., a Perth-based Australian exploration company having iron ore along with other tenements and listed on Australian stock exchange. NMDC is in the process of obtaining statutory clearances for development of Bailadila Dep-4& 13 for NCL Ltd., which is a subsidiary of NMDC.

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Roll Of Honour: NBCC

Fastest growing Navratna (Non-Manufacturing)

NBCC is engaged in three main segments, namely, project management consultancy (PMC), (ii) real estate development and (iii) engineering procurement and construction (EPC) Contracting. The company has been executing many landmark projects as a PMC, leveraging its rich experience in sectors as diverse as roads, hospitals, institutions, offices, residential and commercial etc. It provides civil engineering construction services in wide gamut of projects of varied nature, complexities and geographical locations. It has a pan-India presence with regional/zonal offices across various states of India. NBCC has two fully owned subsidiary companies in India namely NBCC Services Ltd. and NBCC Engineering & Consultancy Ltd. NBCC’s major clients include key ministries of the Government of India. Besides, NBCC has also signed MOUs with AIR India; NAWADCO; IITs, NITs, CPWD, etc.

NBCC has maintained sustainable growth post the turnaround period and also meet stiff competition due to opening of economy and entry of number of new players of both national and international repute. For this, NBCC has adopted various strategies, such as consolidation in areas like real estate, large value projects in power sector, roads, EPC contracts etc. Also, it is taking up more brownfield projects or redevelopment projects where NBCC has acquired expertise by executing redevelopment of New Motibagh Colony and EKN Colony.

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Roll Of Honour: Rural Electrification Corporation Ltd

Highest growth in villages electrified in FY16

REC is engaged in financing projects/schemes of power generation, transmission, distribution, rural electrification, systems improvement, renovation and modernization of power plants in both public and private sectors. Its key products include term loans, medium term loans and short term loans etc. REC is the nodal agency for implementation of schemes for rural electricity infrastructure and household electrification and to provide interest subsidy on loans disbursed to the state power utilities, distribution companies (DISCOMs), both in public and private sector, to improve the infrastructure in distribution sector. In FY16, the company provided electrification to additional 7,108 villages, which was quite a commendable volume to be covered in a year.

The company aims to facilitate availability of electricity for accelerated growth and for enrichment of quality of life of rural and urban population by acting as competitive, client-friendly and development oriented organization for financing and promoting projects covering power generation, power conservation, power transmission, and distribution network in the country. The company has also enlarged its mandate to finance and provide assistance for those activities having a forward and/or backward linkage with power projects and to meet other enabling infrastructure facilities.

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Roll Of Honour: Mahanadi Coalfields Ltd

Miniratna of the Year (Non-Manufacturing)

The company is engaged in production and sale of coal and other incidental and allied activities. It has sixteen open cast and six underground operational units at Angul, Jharsuguda and Sundargarh districts of Odisha. The company has four subsidiaries, namely, MNH Shakti Ltd, MJSJ Coal Ltd., Mahanadi Basin Power Ltd and Mahanadi Coal Railway Ltd and one joint venture company, namely, Neelachal Power Transmission Company Pvt. Ltd. All subsidiaries and joint venture are in the development stage.

The total revenue of the company registered an increase of Rs 1,761.59 crore during 2015-16, which went up to Rs 14,805.21 crore in 2015-16 from Rs 13,043.62 crore in 2014-15. The profit of the company has gone up by Rs 630.64 crore to Rs 4,184.74 crore in 2015-16, from Rs 3,554.10 crore in previous year due to increase in turnover.

In addition to the existing business, MCL has taken major new initiatives like formation of joint ventures such as Mahanadi Basin Power Ltd (MBPL), Neelanchal Power Transmission Corporation Private Ltd, solar power plant, Paradip Port modernization and setting up of washeries. The company implemented the material management system on the central server at its headquarter in February 2015.

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Roll Of Honour: Northern Coalfields Ltd

Most efficient Miniratna of the Year (Non-Manufacturing)

Northern Coalfields Ltd (NCL) was incorporated with the aim to acquire and take over specific coal mining activities carried out in Madhya Pradesh and Uttar Pradesh. NCL is engaged in coal extraction from its 10 operating mining projects at Jhingurda, Block-B, Jayant, Amlohri, Nigahi in Madhya Pradesh and Bina, Krishnashila, Kakri, Dudhichua, Khadia in Uttar Pradesh.

The total revenue of the company registered an increase of Rs 181.89 crore during 2015-16, which went up to Rs 10,950.01crore in 2015-16 from Rs 10,768.12 crore in 2014-15. The profit of the company has also gone up by Rs 588.33 crore to Rs 2,722.50 crore in 2015-16, from Rs 2,134.17 crore in previous year mainly due to increase in production and despatch of coal.

The estimated coal production of the company during 2016-17 is expected to be 82 million tonnes. To achieve the above production level, three new open cast projects (OCP) have been identified in the NCL command area.

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Roll Of Honour: EdCIL (India) Ltd

Fastest growing Miniratna (Non-Manufacturing)

EdCIL (India) Ltd is a Government of India enterprise offering consultancy services in all areas of education and human resource development in India and abroad during the last three decades with special focus on developing countries of Asia and Africa. EdCIL seeks to provide comprehensive solutions through its varied scope of services while addressing the social, economic, and cultural changes, including the development of human resources.

EdCIL is the only consultancy organisation in the education sector enveloping the entire spectrum of education and human resources development activities on turnkey and modular basis as key enabler to set new standards in quality education. EdCIL is also acting as a nodal agency for promotion of Indian education overseas and coordinating as a single window agency for admission of international students to institutions in India. The service range of the company comprises of three main segments, namely, human resource development, institutional development and technical assistance.

The total revenue of the company increased by Rs 96.70 crore during 2015-16, which went up to Rs 175.56 crore in 2015-16 from Rs 78.86 crore in 2014-15. Its profit has also gone up by Rs 25.87 crore to Rs 30.96 crore in 2015-16, from Rs 5.09 crore in previous year.

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Roll Of Honour: Mangalore Refinery & Petrochemical Ltd

Miniratna of the year (Manufacturing)

Mangalore Refinery and Petrochemicals Limited (MRPL) was acquired by ONGC in March 2003. The equity holding of ONGC was increased to 71.62% in July 2003 when it acquired shareholdings of financial institutions/banks.

MRPL is engaged in the business of refining of crude oil. It has two set of primary process units (Phase I and Phase II) at Mangalore, Karnataka, with an installed capacity of 9.69 MMTPA. The installed capacity was re-fixed at 11.82 MMT in November 2009. The capacity of the refinery has been enhanced to 15 MMTPA in March 2012. The company has one subsidiary ONGC Mangalore Petrochemicals Ltd (OMPL) and two joint ventures. OMPL has set up an aromatic complex with an annual capacity 914 KTPA of para-xylene and 283 KPTA of benzene in Mangalore SEZ.

The company has successfully penetrated the polypropylene market in a short span of nine months with a sales volume of 139 TMT and sales value of Rs 1,039 crore. The company is in process of expanding its markets reach in order to sell 440 TMT of polypropylene per year. In addition, the company is also setting up its own infrastructure for storage of polypropylene. The company has also succeeded in marketing the entire production of petcoke on consistent basis.

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Roll Of Honour: Balmer Lawrie & Co Ltd

Most efficient Miniratna of the Year (Manufacturing)

Balmer Lawrie & Co. Ltd. (BL) was incorporated in 1867 as a partnership firm, became a private limited company in 1924 and was later converted to public limited company in 1936. Subsequently it became a subsidiary of IBP Co. Ltd. in 1972. However, in terms of a scheme of arrangement and reconstruction made under Companies Act, 1956 between IBP and Balmer Lawrie Investments Ltd. (BLIL), BL became a subsidiary of BLIL in October 2001, which holds 61.80% of its equity.

The company is engaged in the manufacture of barrels and drums, greases and lubricants and leather chemicals and providing services in the areas of tours and travel, logistics services, logistics infrastructure, etc., through its 43 plants, sales offices, branch offices, technical services centres spread all over India. It has one 100% subsidiary, one overseas 100% subsidiary and five joint venture companies.

The key objectives of the company are R&D and technology upgradation. The efforts in R&D are directed at maintaining technological and cost leadership leading to customer satisfaction. During the year, the company had taken R&D initiatives for development of lubricants, leather chemicals and industrial packaging. These R&D efforts have helped the company to introduce new product range as also to remain cost-effective in existing products.

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Roll Of Honour: Ferro Scrap Nigam Ltd

Fastest growing Miniratna (Manufacturing)

Ferro Scrap Nigam Ltd. (FSNL) was incorporated in March 1979 in collaboration with Harsco Corporate (Inc.), USA, as a wholly-owned subsidiary of MSTC Litd with the objective to indigenise the entire scrap recovery process in the steel sector under SAIL, RINL, IISCO and to reclaim iron and steel scrap from slags in all the integrated steel plants under SAIL, IISCO and RINL.

FSNL is engaged in the business of processing of steel mills slag and other refuse and debris for the recovery of iron and steel scrap and other metallic scrap and to render all kind of services to manufacturers of steel and iron and other metallic products through its units at Rourkela, Burnpur, Bhilai, Bokaro, Vizag, Durgapur, Duburi, Haridwar, Bengaluru, Bhadravathi, Salem and Mumbai.

The total revenue of the company registered an increase of Rs 71.29 crore during 2015-16, which went up to Rs 347.07 crore in 2015-16 from Rs 275.78 crore in 2014-15. The profit of the company has also gone up by Rs 4.01 crore to Rs 21.11 crore in 2015-16, from Rs 17.10 crore in previous year.

The technological development and modernization in steel-making have brought down the generation of scrap in steel plants which resulted in gradual reduction in the availability of scrap.

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Roll of honour: State Bank of India

Best Bank

State Bank of India (SBI) is an Indian multinational government-owned banking and financial services company. The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016. SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). SBI has 14 regional hubs and 57 zonal offices that are located at important cities throughout India.

SBI’s net interest income in FY16 increased by 3.39% YoY to Rs 56,882 crore from Rs 55,015 crore in FY15. The operating profit rose by 9.41% YoY in FY16 to Rs 43,258 crore from Rs 39,537 crore in FY15. Its deposits in FY16 have grown by 9.76% to Rs 17,30,722 crore from Rs 15,76,793 crore in FY15. The gross NPA ratio stood at 6.5% in FY16 as against 4.25% in FY15. Net NPA ratio in FY15 stood at 2.12% which in FY16 stood at 3.81%.

SBI acquired the control of seven associate banks in 1960. SBI will merge these associate banks with itself in FY17.

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Roll Of Honour: IDBI Bank

Higher growth in Advances

IDBI Bank Ltd is today one of India's largest commercial banks in India. For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex development financial institution (DFI) before 2004, in the realm of industrial development and, thereafter, as a full-service commercial bank (October 1, 2004, onwards). As a DFI, the erstwhile IDBI was engaged in project financing and also provided other services to the industries. IDBI Bank was merged with its parent company IDBI in 2005 and the erstwhile United Western Bank was merged with IDBI Bank in 2006. IDBI Bank continues to provide an array of corporate, retail, SME and agriculture products and services.

The bank’s net Interest income increased 6% in FY16, up from Rs 5748 crore in FY15 to Rs 6089 crore. Advances in FY16 were Rs 215,893 crore as against Rs 208,377 in FY15, an increase of 3.6%. Increased focus on retail sector led to 3% rise in advances to retail sector. A 40% CAGR in advances was seen over the last three years.

IDBI Bank is up for a transformational plan entailing an investment of about Rs 20,000 crore over a period of three years, which would help in doubling bank’s business volumes and overall growth.

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Roll Of Honour: Oriental Insurance

Best Insurance Company

The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The company was a wholly-owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out general insurance business. The company was a subsidiary of Life Insurance Corporation of India from 1956 to 1973 (till the general insurance business was nationalised in the country). In 2003, all shares of the company held by the General Insurance Corporation of India were transferred to the Central government.

In FY16, a total premium of Rs 8611.59 crore (Rs 7561.93 crore in previous year) on gross basis was procured, showing a growth of 13.88% with an accretion of Rs 1049.66 crore. The net retention was 84.65% during the year as against 82.19% in FY15, showing an increase of 3%. The ICR on net earned premium has increased by 2.22% from 81.89% in the previous year to 83.71% in FY16. The net commission ratio for FY16 stood at 6.14% of net premium, as against 5.37% in FY15. The board of directors had proposed dividend of Rs 120 crore for FY16 as against Rs 110 crore (55% on increased capital) for FY15.

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