The second edition of the Dalal Street Investment Journal (DSIJ) Awards for Public Sector Undertakings will be announced on April 6, 2010 at a glittering function at The Lalit in Delhi. The Awards recognise excellence of performance and contribution to the Indian economy by the PSUs.
The awards would be conferred on the winning PSUs by Virbhadra Singh, Union Minister of Steel. Arun Maira, Member, Planning Commission will also grace the occasion.
Team DSIJ, along with knowledge partner KPMG, have conceptualised a unique model to award deserving PSUs. “This time, our selection criterion for the Awards has been quite unique as we have looked at multitude of parameters to evaluate performance of the company and every parameter has been evaluated over an extended period of time. This is to ensure that each of the awardees truly deserve the award,” said Rajesh Padode, Managing Director, DSIJ Ltd.
“DSIJ was the first ones to recognise the merit and talent amongst PSUs as they created huge wealth for their shareholders without compromising on the corporate social responsibility,” added Sunil Damania, Managing Editor, DSIJ.
The first edition of awards was conferred on 14 PSUs by Delhi Chief Minister Shiela Dikshit.
Damania further explained, “In the last one year, we met many CEOs and stakeholders of PSUs. We gathered their feedback on the awards ceremony and, based on the feedback, we concluded that we would be doing injustice to the smaller PSUs as they don’t stand a chance to win awards with the biggies. Hence, this time onwards all awards would be divided into two categories – Navratnas and Mini Navratnas. This would ensure that Mini Navratnas also get chance to be conferred with the prestigious DSIJ awards.”
A total 18 awards will be given out to PSUs in the categories of Heavy Weights, Wealth Builders, Growth Valuable and Efficiency Epitome. There will be a special Life Time Achievement Award.