ONGC bags 4 accolades at Governance Now 7th PSU Awards

Dated : 20 February 2020 11:18:00 AM

In yet another display of its organizational excellence as one the leading Public Sector Undertakings (PSUs) in the country, ONGC bagged four awards in the Governance Now 7th PSU Awards 2020. The annual awards ceremony was held on 19 February 2020 at New Delhi.

The four awards conferred to ONGC, under the Maharatna category, are:

  • Communication Outreach
  • Digital PSU
  • Investment in Start-ups
  • CSR & Environment and Sustainability

ONGC Executives at the Governance Now 7th PSU awards
ONGC Executives at the Governance Now 7th PSU awards

The award ceremony, organized under the aegis of Adhikari Brothers Enterprise, was attended by Minister of State for Heavy Industries & Public Enterprises and Parliamentary Affairs Mr Arjun Ram Meghwal and eminent actor Mr Shailesh Lodha (of Tarak Mehta fame).

Congratulating the awardees, Mr Arjun Ram Meghwal cited the words of former President Dr APJ Abdul Kalam and stated that 2020 is a crucial year and the PSUs being awarded for their exemplary performance this year will be the torchbearers in taking the country forward in the long run.

ONGC Executives receiving PSU awards from Arjun Ram Meghwal and Shailesh Lodha
ONGC Executives receiving PSU awards from Arjun Ram Meghwal and Shailesh Lodha

The award ceremony was conducted post a conference which included panel discussion and presentations by executives from leading Organizations. During the panel discussion on IT Innovations for PSUs in India, CGM (E&T)-Head Communications, Corporate Infocom Services ONGC Mr D K Dhiraj shed light on the application of Internet of Things (IoT) and implementation of Technology 4.0.

The ONGC executive exhorted that proper communication backbone viz. mix of Satellite and terrestrial links and cyber security should also form major part during overall implementation of Industry 4.0. “There should be independent organizations and personnel to deal with cyber threat and it should be monitored regularly for the implementation of Technology 4.0,” said Mr Dhiraj.

DK Dhiraj speaking on IT innovations in PSUs during the panel discussion
DK Dhiraj speaking on IT innovations in PSUs during the panel discussion

Mr Dhiraj further stated that actual users (and not IT department) of individual organizations should drive the projects in collaboration with technology providers (IT should be a catalyst) for implementation of new technologies – which should be customized. “Implementation of the Technology 4.0 shouldn’t be left with only the CIOs of an organization and instead CEOs should come forward. There should be a top-down approach, where all will come together and join hands for the smooth implementation of Technology 4.0.”

He further said that ONGC vision 2040 encompasses formation of Digital Center of Excellence with the right mix of O&G expertise and digital domain experience for enabling smooth implementation of Industry 4.0.

Also being awarded at the Governance Now 7th PSU Awards was ONGC subsidiary Hindustan Petroleum Corporation Limited (HPCL). HPLCL bagged three awards in the categories – Digital PSU, Investment in Start-ups and Environment & Sustainability.