DSIJ’s India’s Best Public Sector Enterprises Awards 2012

Indian Public Sector Enterprises always have been key catalysts of Economic Growth. At Dalal Street Investment Journal we have been recognizing the role of Public Sector Enterprises since the last nine years through our mainstream publication “The Indian PSUs”. DSIJ’s fourth issue of “India’s Best Public Sector Enterprises 2012” will actually provide the basis for our award ceremony which will help us to know about the performing PSEs. Like every year this compendium will be released in the award ceremony by the Chief Guest (Senior Cabinet Minister) and Guest of Honour.

After the grand success of the first three editions we have broad-based the fourth edition by including various parameters like green energy initiatives, CSR activities taken up by PSUs, Financial Inclusion programmes initiated by Banks, HR initiatives taken to develop the next level of leadership, etc.

Again this year KPMG will be playing an instrumental role in selecting the performing Public Sector Enterprises. To make the selection procedure transparent they have devised parameters which enabled us to probe into the PSEs of each category and come up with the list of select performing companies.

We always have been blessed by august gathering of Chairmen and Managing Directors along with executives and senior directors and general managers of the winning PSUs and are looking forward to a similar gathering this year too.

Despite all the ups and downs faced by the Indian economy it was the PSEs which have been performing consistently. PSEs helped the Indian economy to blunt the blow of the economic downturn as the backbone. Such is the power of PSEs. That is why, when companies like Coal India, MOIL, United Bank of India came with their maiden IPOs they received an overwhelming response and were accepted as long term bets by investors. There are many PSEs like BSNL, IRCTC, PEC, etc. which can be divested and can help common investors and the Government as well to create more wealth through their performance.

PSEs are now being professionally managed with a clear vision keeping in the mind and working towards a common goal. Business strategies have witnessed changes and almost all the PSEs are now looking towards new markets and optimizing the potential for their products and services. Performing employees are being recognized with performance based payment structure. These all when put together simply imply that if PSEs are given more freedom more PSEs will be counted among the world’s top companies.

A Glimpse into the last years’ WINNERS!!!

The third edition of the DSIJ PSU award ran into 17 different categories, ranging from The Most Significant Turnaround Enterprise won by Chennai Petroleum Corporation, Kaizen Warrior Awards for Most Efficient Performance bagged by PEC & GAIL, Topliner Award for Highest Sales Growth Enterprise won by NTPC and The Fastest Growing Enterprise Speed King Award earned by REC, IRCTC and Indian Oil in their own categories. The Growth Master Award was won by SAIL and The Gentle Giants Award for the largest balance-sheet size in their categories was won by PFC, BHEL, NHPC and STC. Special awards like 360 Degree Growth went to Oil India and Game-Changer for Diversification, R&D and Enhanced Global Presence was bagged by BEML while The Best Insurer and Best Bank Award went to United India Insurance Co and IDBI Bank respectively.

Various Public Sector Enterprises who want to share their growth plans, vision for the company and highlights of their performance are invited to participate this one of its kind compendium. For More Details write to us at ravip@dsij.in