New Delhi, Apr 9: State owned oil and gas company Indian Oil Corporation Ltd. bagged the AIMA Managing India Award 2019 for 'Outstanding PSU' of the Year.
The award was presented by former President Pranab Mukherjee to Indian Oil Chairman Sanjiv Singh at an awards ceremony held here on Monday. The AIMA awards declared under 11 categories were headed by Mr. Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group, and shortlisted 11 eminent enterprises and personalities of the country for their contribution to nation-building.
"The jury acknowledged IndianOil's contribution in empowering the citizens of the country not only through its products but also through various other initiatives beyond business in health, education, environment, skill development, etc," a statement here said.
The Corporation's futuristic approach with an aim to consolidate India's position on the global arena under the able leadership of Mr. Singh received the appreciation of AIMA.
Mr. Singh thanked the eminent jury and dedicated the award to IOCians across the nation as well as IndianOil's channel partners, stakeholders whose dedicated efforts have enabled Indian Oil maintain its leadership position and its brand value over the decades.
The All India Management Association (AIMA), the apex body of management professionals in the country, is committed to enhancing business excellence through its multifaceted activities.
Instituted in the year 2010, AIMA Managing India Awards recognise excellence in Management, Entrepreneurship and Leadership and have become one of the most coveted leadership honours in the country.