Indian Oil bags BML Munjal award for business excellence

Indian Oil Corporation has won the BML Munjal award for ‘Business Excellence through Learning and Development' in the public sector category for the year 2014 for consistently using training, learning and development as a source of competitive advantage. The company had won the same award, for the first time, in 2009.
Indian Oil chairman R S Butola received the award at an event held in New Delhi recently. He was  accompanied by B Ashok, chairman designate and ED I/c (Retail Sales); D Sen, director (P&BD) designate and ED I/c (Lubes) from marketing HO; Satish Kumar, Advisor (HR); Biswajit Roy, ED (HRD), CO; S Mukherjee, ED (CC), CO and B K Ray, GM, IiPM. Training and development heads from various company divisions were also present.
Speaking on the occasion, Mr Butola pointed out that during the past two decades, the Corporation's refining capacity and marketing volume have increased by over 100 percent, and pipelines capacity by over 200 percent.

He added that the sustained increase in manpower productivity is attributable primarily to the learning and development initiatives taken up by the Corporation, apart from factors like improvement in refining technologies and large-scale automation. “Indian Oil has mastered the art which enables it to do more with less,” he said. At the end of the day, technologies do not learn on their own nor does the automation operate by itself; it is the human resource which assimilates the use of technology and automation to improve productivity, he said.
The prestigious awards are named after Hero Group chairman and Padma Bhushan awardee Dr Brijmohan Lal Munjal, who built the business conglomerate from scratch.

The final jury for the ninth edition of the BM Munjal awards comprised industry luminaries like Hemant M Nerurkar, Tata Steel; Sudhir Vasudeva, ONGC, Arup Roy Choudhury, NTPC; Shobana Kamineni, Apollo Hospitals; C S Verma, SAIL; S Ramadorai, National Council on Skill Development; Dr Vinayshil Gautam, KPMG and Sunil Kant Munjal, Hero MotoCorp.
While Tata Steel emerged the winner in the private sector (manufacturing) category, Indian Hotels (Taj Group) was the winner in the private sector (services) category.