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MOTORINDIA
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May 2012
133
IndianOil
bags SCOPE R&D Award
At a glittering ceremony at Vigyan Bha-
van recently to celebrate the third Public Sec-
tor Day, Mrs. Pratibha Patil, President of In-
dia, conferred the SCOPE Meritorious Award
2010-11 for R&D, Technology Development
& Innovation upon IndianOil. The Award was
received by Mr. R.S. Butala, IndianOil Chair-
man, in the presence of Mr. Praful Patel, Union
Minister for Heavy Industries & Public Enter-
prises, Mr. OP Rawat, Secretary, Department
of Public Enterprises, and Dr. Nitish Sengupta,
Chairman, BRPSE.
Senior officials from SCOPE and senor ex-
ecutives from a cross-section of public sector
companies were present on the occasion. In-
dianOil was previously the winner of the Best
Practices in Human Resource Management cat-
egory for 2009-2010.
The Standing Conference of Public Enterpris-
es (SCOPE) is an apex organization of public
sector enterprises (PSEs). In its pursuit to pro-
achievements
Mr. R.S. Butala, IndianOil Chairman, receiving the SCOPE Award for
R&D from Mrs. Pratibha Patil, President of India. To her right is Mr.
Praful Patel, Union Minister for Heavy Industries & Public Enterprises.
mote excellence and competitiveness of public enterprises, it
regularly recognises performance in various categories.
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Best CFO Award for Sunil Sapre of
CEAT
Mr. Sunil Sapre, CFO, CEAT of the RPG Group, bagged the Best
CFO Award in the Cost Management category at the CFO 100 Awards
presentation function held in Mumbai.
After receiving the Award, Mr. Sapre commented: “Receiving this
Award proves our constant effort to improve and make a better use of
the company’s cost management systems. This Award is a testimony to
the untiring efforts made by CEAT to set new standards of excellence in
the field of cost management. Our thrust is on cost reduction measures
for several years, and a number of innovative steps have been intro-
duced within the organization resulting in substantial benefits.”
The CFO100 is an annual initiative to recognize India’s finance lead-
ers’ extraordinary contributions to the corporate world. Through a proc-
ess of nomination and jury review, CFO India magazine identifies and
brings together 100 CFOs who are clearly a cut above the others to
honor their achievements in different areas, including cost manage-
ment, raising capital, green initiatives, risk management, governance
and strategy. It is an annual benchmark for promising CFOs.
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awards