Dear Colleagues,

From the Chairman’s Desk . . .

PSEThe Bi-Monthly Newsletter March 2012 • Vol 3 No 2

NewsletterConfederation of Indian Industry

Heartiest welcome to the new edition of the newsletter of CII Council on Public Sector Enterprises. The CII Council on PSEs has been playing a stellar role in enhancing synergies among P S E s a n d i n e n h a n c i n g engagement with policy makers and other stakeholders.

We are at the threshold of the 12th five year plan period, and the Prime Minister’s Economic Advisory Council expects 7.5% growth in 2012-13.The overall economic growth for 2011-12 is likely to be 6.9%, versus 8.4% in the year 2010-11. The Index of Industrial Production, IIP, during April - December 2011 had showed 3.9% growth versus 9% during April – December 2010. To achieve the stated growth in the next fiscal, the investment to GDP ratio will need to exceed 30%.

The expectation from the Union Budget is therefore on policy initiatives to drive investment and consumption demand, in view of a long term sustainable growth perspective. India’s GDP grew from under US$ 500 billion in 2001 to US$ 1.7 trillion in 2011, and several estimates see India’s GDP to potentially grow to around US$ 5.5 trillion by 2020.

The manufacturing sector in India, like India’s services sector, has the potential to be competitive globally, and drive India’s economy to greater heights. For the share of manufacturing in the country’s GDP to grow to 25% within a decade from 16% at present, manufacturing would need to grow 12 to 14% annually in the ensuing period. India’s Manufacturing Policy is looking to enable just that, by creating an ecosystem of conducive policies and institutions, and not by micro-managing the industry. Indeed, in many emerging economies, there are

several PSEs involved in developing infrastructure projects and providing a fillip to the growth of economy by not only meeting but exceeding international benchmarks in project management and engineering.

Despite slowdown in growth, and keeping the long term in view, the PSEs have chalked-out investment and expansion plans, for the next financial year and indeed for the 12th Plan period. The investment plans have been made possible by robust operational performances of PSEs in recent years, afforded by greater financial & managerial autonomy of the PSE Boards, which is required to be further enhanced.

PSEs have been the torchbearers of industrial and economic development of the nation, and have created opportunities for advancement across socio-economic milieus and promoted an equitable social order, in keeping with the ideals articulated in the first five-year plan. Market driven policies are helping PSEs to attract and retain talent to their competitive advantage in today’s knowledge based economy.

Please do keep sharing your thoughts as it has been helping us further the developmental role PSEs have been playing, in both the broader economy and in local communities.

Sincerely,

B Prasada RaoChairman, CII Council on PSEs

& CMD, Bharat Heavy Electricals Ltd

UPDATE

PSE Newsletter2

UPDATE

PSE Newsletter 3

CEO Speak

Viren Sinha, CMD, Balmer

LawrieThe interview appeared in Feb 13, 2012 issue of The Financial Express. For complete text of the i n t e r v i e w , p l e a s e v i s i t www.financialexpress.com

“Balmer Lawrie is a diversified enterprise operating in the spheres of industrial packaging, greases & l u b r i c a n t s , p e r f o r m a n c e chemicals, tours & travel, logistics, refinery & oilfield services and tea. The company had sales of Rs 2,018 crore in 2010-11, with services across its product portfolio contributing 60% to sales.

We are looking to grow both manufacturing & services offerings of Balmer Lawrie, and achieve sales of Rs 3,500 crore by 2015.

To achieve this target, we are expanding grease & lubricants’ manufacturing capacities at Chennai & Silvassa (Gujarat), setting-up an ERP to enhance efficiencies in supply chain, procurement & distribution and exploring logistics for cold chain, among other initiatives.

In the tours & travels division, we cater primarily to the government

PSEs are clearly being over-governed, with emphasis on procedures rather than on outcomes, promoting a culture of overly conservative and risk averse decision-making. For instance, the 10 largest PSEs have an estimated Rs 1,37,000 crore or US$ 25 billion in reserves, but excessive oversight a n d p r e s s u r e f r o m t h e government to invest in order to stimulate the economy is unlikely to lead to effective investment decisions by these PSEs.

The report has also suggested Listing of 30 PSEs in three years, and 50 PSEs over five years, with year-wise schedule of PSEs to be Listed and funds to be raised with respect to each PSE chalked-out. Listing of PSEs would still keep the Government of India as the majority shareholder in each of the PSEs.

Additionally, the report has suggested creation of a Public Sector Land Development Authority on the lines of the R a i l L a n d D e v e l o p m e n t Authority, to develop surplus land at the disposal of PSEs. In the case of sick units, the surplus land development commercially would generate resources that can be deployed to revive the units.

The government divested 5% in ONGC through the auction route, and garnered Rs 12,776 crore (about US$ 2.6 billion). Following divestment, the government will own 69% stake in ONGC.

Disinvestment

advised PSEs to identify senior executives who could be groomed to assume leadership positions.

The Government has received Rs 9,029 crore as dividend from 14 public sector companies for the Oct - Dec 2011 quarter. The dividend payout is 40% higher than Rs 6,467crore payout in Oct - Dec 2010 quarter.

ONGC paid Rs 3,996 crore in dividend for the quarter, the highest among PSEs. NTPC paid Rs 2,439 crore for the quarter, and SAIL Rs 425 crore.

For the financial year 2010-11, the dividend paid by PSEs to the government amounted to Rs 26,057 crore, with six PSEs (ONGC, NTPC, Coal India, IOC, NMDC & BHEL) paying more than Rs 1,000 crore in dividend to the government in 2010-11. The Government has targeted Rs 25,000 crore as dividend income from PSEs for 2011-12, but the actual dividend receipt will likely be higher, in the range of Rs 35,000 to 40,000 crore.

There are currently 50 PSEs listed on the stock exchanges.

Dividend from PSEs increase

40% in Q3 2011-12

The ONGC stake sale was initially proposed in Nov 2011, and it was estimated then that the 5% divestment would yield Rs 9,000 crore. While the amount raised now is much higher, the innovative auction route, which was completed over a single day, received mixed response.

The final divestment in this financial year will be NBCC’s (National Building Construction Corporation) which is expected to yield Rs 100 to Rs 120 crore. The government will likely close financial year 2011-12 with disinvest yields of Rs 14,000 crore.

Confederation of Indian Industry has urged the government to streamline & shorten the selection process of senior appointees at PSEs. CII presented this case to DRS Chaudhary, Secretary, D e p a r t m e n t o f P u b l i c Enterprises, Ministry of Heavy Industries & Public Enterprises, Government of India.

Currently, there are about 12 PSEs, including MMTC, that do not have a full-time Chairman & Managing Director. In some instances, such positions have not been filled with a regular incumbent for a year or more.

CII has also presented a case for active involvement of the enterprise CMD/CEO in making recommendations for Board level appointees. The Department of Public Enterprises on its part has

CII urges streamlining of senior

PSE appointments

sector & PSEs, and sell half-a-million tickets every day. While tours & travels is a low margin business, industry margins are 3%, a large scale of operations adds s igni f i cant ly to the company’s topline. The division accounted for sales of Rs 874 crore in 2010-11, and we will grow this division through enhanced service offerings to our existing customer base: we have rebranded the division, launched a new website that is easier to navigate & hosts a number of options on tour packages and have opened a 24/7 call centre.”

The interview appeared in Feb 27, 2012 issue of Hindustan Times. For complete text of the interview, please visit www.hindustantimes.com

“There are over 50 ships & vessels, built by Goa Shipyard Ltd, that are currently in-service with the Indian Navy & Coast Guard. Goa Shipyard has been making consistent progress in its core competence of construction of highly manoeuvrable, cost effective, easy to maintain and fuel-efficient ships equipped with the latest communications & navigation systems. Indeed, the Yard has leveraged its engineering & managerial capability to enhance its offerings, which

Vineet Bakhshi, CMD, Goa

Shipyard

include design & construction of training simulators for the Indian Navy & ONGC, shore based test facility for Light Combat Aircraft for Aeronautical Development A g e n c y, B a n g a l o r e a n d development of Glass Reinforced Plastic boats for the Ministry of Home Affairs.

Goa Shipyard has also developed in-house design capability to design & manufacture shallow-water anti-submarine warfare vessels for the Indian Navy. Each accomplishment of Goa Shipyard is for us a recognition of the company’s spirit of enterprise, resourcefulness and commitment to customer satisfaction.”

The Roongta Committee, headed by SK Roongta, formerly Chairman SAIL, has submitted a r e p o r t t o t h e P l a n n i n g Commission on functioning of PSEs, and its recommendations are expected to be incorporated in the 12th five-year plan.

The report states that excessive regulation and multiple agencies for oversight is hampering the e f f e c t i v e n e s s o f P S E managements. Listed companies declare results periodically and are open to scrutiny of investors & analysts, while PSEs also have to submit to scrutiny by the Comptroller & Auditor General of India, Central Vigilance Commission, their respective Administrative Ministries and to various committees of the Parliament.

PSE News Update

Roongta committee report &

recommendations

UPDATE

PSE Newsletter2

UPDATE

PSE Newsletter 3

CEO Speak

Viren Sinha, CMD, Balmer

LawrieThe interview appeared in Feb 13, 2012 issue of The Financial Express. For complete text of the i n t e r v i e w , p l e a s e v i s i t www.financialexpress.com

“Balmer Lawrie is a diversified enterprise operating in the spheres of industrial packaging, greases & l u b r i c a n t s , p e r f o r m a n c e chemicals, tours & travel, logistics, refinery & oilfield services and tea. The company had sales of Rs 2,018 crore in 2010-11, with services across its product portfolio contributing 60% to sales.

We are looking to grow both manufacturing & services offerings of Balmer Lawrie, and achieve sales of Rs 3,500 crore by 2015.

To achieve this target, we are expanding grease & lubricants’ manufacturing capacities at Chennai & Silvassa (Gujarat), setting-up an ERP to enhance efficiencies in supply chain, procurement & distribution and exploring logistics for cold chain, among other initiatives.

In the tours & travels division, we cater primarily to the government

PSEs are clearly being over-governed, with emphasis on procedures rather than on outcomes, promoting a culture of overly conservative and risk averse decision-making. For instance, the 10 largest PSEs have an estimated Rs 1,37,000 crore or US$ 25 billion in reserves, but excessive oversight a n d p r e s s u r e f r o m t h e government to invest in order to stimulate the economy is unlikely to lead to effective investment decisions by these PSEs.

The report has also suggested Listing of 30 PSEs in three years, and 50 PSEs over five years, with year-wise schedule of PSEs to be Listed and funds to be raised with respect to each PSE chalked-out. Listing of PSEs would still keep the Government of India as the majority shareholder in each of the PSEs.

Additionally, the report has suggested creation of a Public Sector Land Development Authority on the lines of the R a i l L a n d D e v e l o p m e n t Authority, to develop surplus land at the disposal of PSEs. In the case of sick units, the surplus land development commercially would generate resources that can be deployed to revive the units.

The government divested 5% in ONGC through the auction route, and garnered Rs 12,776 crore (about US$ 2.6 billion). Following divestment, the government will own 69% stake in ONGC.

Disinvestment

advised PSEs to identify senior executives who could be groomed to assume leadership positions.

The Government has received Rs 9,029 crore as dividend from 14 public sector companies for the Oct - Dec 2011 quarter. The dividend payout is 40% higher than Rs 6,467crore payout in Oct - Dec 2010 quarter.

ONGC paid Rs 3,996 crore in dividend for the quarter, the highest among PSEs. NTPC paid Rs 2,439 crore for the quarter, and SAIL Rs 425 crore.

For the financial year 2010-11, the dividend paid by PSEs to the government amounted to Rs 26,057 crore, with six PSEs (ONGC, NTPC, Coal India, IOC, NMDC & BHEL) paying more than Rs 1,000 crore in dividend to the government in 2010-11. The Government has targeted Rs 25,000 crore as dividend income from PSEs for 2011-12, but the actual dividend receipt will likely be higher, in the range of Rs 35,000 to 40,000 crore.

There are currently 50 PSEs listed on the stock exchanges.

Dividend from PSEs increase

40% in Q3 2011-12

The ONGC stake sale was initially proposed in Nov 2011, and it was estimated then that the 5% divestment would yield Rs 9,000 crore. While the amount raised now is much higher, the innovative auction route, which was completed over a single day, received mixed response.

The final divestment in this financial year will be NBCC’s (National Building Construction Corporation) which is expected to yield Rs 100 to Rs 120 crore. The government will likely close financial year 2011-12 with disinvest yields of Rs 14,000 crore.

Confederation of Indian Industry has urged the government to streamline & shorten the selection process of senior appointees at PSEs. CII presented this case to DRS Chaudhary, Secretary, D e p a r t m e n t o f P u b l i c Enterprises, Ministry of Heavy Industries & Public Enterprises, Government of India.

Currently, there are about 12 PSEs, including MMTC, that do not have a full-time Chairman & Managing Director. In some instances, such positions have not been filled with a regular incumbent for a year or more.

CII has also presented a case for active involvement of the enterprise CMD/CEO in making recommendations for Board level appointees. The Department of Public Enterprises on its part has

CII urges streamlining of senior

PSE appointments

sector & PSEs, and sell half-a-million tickets every day. While tours & travels is a low margin business, industry margins are 3%, a large scale of operations adds s igni f i cant ly to the company’s topline. The division accounted for sales of Rs 874 crore in 2010-11, and we will grow this division through enhanced service offerings to our existing customer base: we have rebranded the division, launched a new website that is easier to navigate & hosts a number of options on tour packages and have opened a 24/7 call centre.”

The interview appeared in Feb 27, 2012 issue of Hindustan Times. For complete text of the interview, please visit www.hindustantimes.com

“There are over 50 ships & vessels, built by Goa Shipyard Ltd, that are currently in-service with the Indian Navy & Coast Guard. Goa Shipyard has been making consistent progress in its core competence of construction of highly manoeuvrable, cost effective, easy to maintain and fuel-efficient ships equipped with the latest communications & navigation systems. Indeed, the Yard has leveraged its engineering & managerial capability to enhance its offerings, which

Vineet Bakhshi, CMD, Goa

Shipyard

include design & construction of training simulators for the Indian Navy & ONGC, shore based test facility for Light Combat Aircraft for Aeronautical Development A g e n c y, B a n g a l o r e a n d development of Glass Reinforced Plastic boats for the Ministry of Home Affairs.

Goa Shipyard has also developed in-house design capability to design & manufacture shallow-water anti-submarine warfare vessels for the Indian Navy. Each accomplishment of Goa Shipyard is for us a recognition of the company’s spirit of enterprise, resourcefulness and commitment to customer satisfaction.”

The Roongta Committee, headed by SK Roongta, formerly Chairman SAIL, has submitted a r e p o r t t o t h e P l a n n i n g Commission on functioning of PSEs, and its recommendations are expected to be incorporated in the 12th five-year plan.

The report states that excessive regulation and multiple agencies for oversight is hampering the e f f e c t i v e n e s s o f P S E managements. Listed companies declare results periodically and are open to scrutiny of investors & analysts, while PSEs also have to submit to scrutiny by the Comptroller & Auditor General of India, Central Vigilance Commission, their respective Administrative Ministries and to various committees of the Parliament.

PSE News Update

Roongta committee report &

recommendations

UPDATE

PSE Newsletter 5

UPDATE

PSE Newsletter4

have produced 237 million tonnes of oil & oil equivalent gas in the 11th Plan.

ONGC Videsh Ltd, OVL, the foreign asset acquiring arm of ONGC & Gas Authority of India, GAIL, are looking to jointly bid for UK based Cove Energy which holds interests in African gas fields. The bid amount will be an estimated US$ 2 billion (about Rs 10,000 crore).

UK’s Royal Dutch Shell & Thailand’s national energy company PTT are the other bidders. The OVL, GAIL bid will likely be 20% higher than Shell’s and 11% higher than PTT’s.

Among Cove Energy’s assets is an 8.5% stake in Rovuma gas fields in Mozambique which has estimated reserves of over 30 trillion cubic feet. Incidently, Bharat Petroleum & Videocon Industries already have a 10% stake each in the Rovuma gas fields. Cove Energy also has assets under development in Tanzania & Kenya.

ONGC, GAIL to invest US$ 2 billion

in energy asset

Power Grid, World Bank form

international tie-up

HPCL to develop greenfield

airport in Kerala

Power Grid will form a tie-up with I n t e r n a t i o n a l F i n a n c e Corporation IFC, an arm of the World Bank, to develop power t r a n s m i s s i o n p ro j e c t s i n developing economies of Africa & Central Asia. The World Bank arm will bring-in equity capital to help finance the projects, and Power Grid will use its operational expertise to develop the projects. Typically, transmission projects such as these get developed through a 70:30 debt-equity ratio.

The projects will be basis build-own-operate model under public private partnership (PPP). Power Grid has been extensively developing projects abroad, having consulted on and executed 30 such projects across Afghanistan, Bhutan, Bangladesh, UAE, Nepal, Sri Lanka & Nigeria.

The Power Grid, World Bank tie-u p w o u l d a l s o e x p l o r e participation in the upcoming India-Iran transmission project.

Hindustan Petroleum is looking to acquire 11% equity in a greenfield international airport at Kannur, in north Kerala. The equity participation will confer HPCL the right to design, develop, operate and maintain all facilities required for refuelling aircrafts.

The state government, through a special-purpose-vehicle Kannur International Airport Ltd has made an outlay of Rs 1,130 crore

for the airport. HPCL’s equity would require an investment of Rs 55 crore. The state government has acquired 1,275 acres of land for the aviation-related part of the project, and is acquiring an add i t iona l 725 ac re s fo r commercial use.

The new airport, to be built over six phases, will cater to the Kannur-based NRI population which constitutes a substantial portion of passenger traffic at Kozhikode & Mangalore airports.

The central government has recently made a policy decision to allow airlines to directly import jet fuel to help them save on sales tax. Hence HPCL has made this strategic move of taking equity in the airport project.

HAL & Container Corporation of India have formed a 50:50 joint venture to use part of HAL’s Nasik facility for air-cargo shipments to Dubai. The JV will become operational in March 2012, with Sharjah-based RUS Aviation operating a weekly flight to start

HAL Nasik to start air-cargo

exports

with. The number of flights is proposed to be increased to three a week.

A cold storage facility and two warehouses have been located at the airport. The commodities to be expor ted wi l l inc lude pharmaceuticals , f ruits & vegetables, engineering goods and automotive components. Pharma companies based in Indore, auto-parts companies based in Pune and flowers, fruits & vegetable cultivators based in Nasik are the likely candidates to be using the facility.

HAL’s Nasik division was established in 1964 for license manufacture & maintenance of MiG series aircrafts. The division is located 24 km from Nasik and is spread over 14 million sq meters

Garden Reach Shipbuilders & Engineers Ltd has commissioned an in-shore patrol vessel for anti-smuggling, anti-poaching and rescue operations. The vessel has been designed to be cost effective, fuel efficient, powerful and easy to

GRSE commissions patrol

vessel.

Among the reasons that make Indian Oil an attractive place to w o r k i s t h e b r e a d t h o f opportunities & challenges that it affords to professionals, which enhances job satisfaction and adds to their skills-set. Over t h e l a s t t h r e e y e a r s 4 2 pe t rochemica l s marke t ing p r o f e s s i o n a l s , 4 6 p l a n t supervisors for the Panipat Naphtha cracker unit, 79 project engineers and two R&D experts have chosen to switch to Indian Oil from the private sector.

While salaries at Indian Oil at middle-management level are comparable to those in the private sector, entry-level salaries at Indian Oil are upto 25% higher.

ONGC has earmarked an outlay of US$ 33 billion (about Rs 1,60,000 crore) for the 12th Plan period, 2012 to 2017. About 97% of the outlay has been earmarked for enhanced exploration & production. Indeed, ONGC will spend Rs 26,000 crore (about US$ 5.3 billion) to develop 10 offshore oil & gas clusters to increase crude oil production by upto 4 million tonnes per annum, an increase of 15%, by 2013-14.

ONGC plans to produce 277 million tonnes of oil & oil equivalent gas in the 12th Plan, of which 144 billion cubic meter will be gas & 133 million tonnes will be oil. ONGC will

Investments

ONGC 12thPlan capex at US$ 33

billion

manoeuvre, with top speed of 34 knots. The vessel has state-of-the-art main engines, water jet units, engine control and integrated bridge system integrating all communication and navigation systems.

The vessel is fully air conditioned with improved habitability conditions for the crew.

I n t e g r a t e d c o n s t r u c t i o n technology was adopted during construction of the ship and as a result it had been possible to deliver the ship within a span of only 16 months from Keel Laying. GRSE has also targeted to deliver the 2nd ship of this series within next two months.

GRSE has an annual Value of Production of over Rs 1,000 Crore, and will register a growth of 20% this year.

GRSE has an annual Value of Production of over Rs 1,000 Crore, and will register a growth of 20% this year.

Indian Oil Corporation has built the reputation among engineering & management professionals of being among the best places to work. This was amply demonstrated when I n d i a n O i l s o l i c i t e d applications for junior & middle-management positions for i ts upcoming Naptha cracker unit at Panipat refinery, a n d a l a r g e n u m b e r o f professionals from the private sector in India & the Middle East responded.

Indian Oil among best places to

work

Commanding Officer Pankaj Verma (extreme left), Director General Coast GuardVice Admiral M P Muralidharan (3rd from left), COMCG (East) IG SPSharma

and CMD GRSE Rear Admiral AK Verma (extreme right) in the operating room of thenewly commissioned ship.

UPDATE

PSE Newsletter 5

UPDATE

PSE Newsletter4

have produced 237 million tonnes of oil & oil equivalent gas in the 11th Plan.

ONGC Videsh Ltd, OVL, the foreign asset acquiring arm of ONGC & Gas Authority of India, GAIL, are looking to jointly bid for UK based Cove Energy which holds interests in African gas fields. The bid amount will be an estimated US$ 2 billion (about Rs 10,000 crore).

UK’s Royal Dutch Shell & Thailand’s national energy company PTT are the other bidders. The OVL, GAIL bid will likely be 20% higher than Shell’s and 11% higher than PTT’s.

Among Cove Energy’s assets is an 8.5% stake in Rovuma gas fields in Mozambique which has estimated reserves of over 30 trillion cubic feet. Incidently, Bharat Petroleum & Videocon Industries already have a 10% stake each in the Rovuma gas fields. Cove Energy also has assets under development in Tanzania & Kenya.

ONGC, GAIL to invest US$ 2 billion

in energy asset

Power Grid, World Bank form

international tie-up

HPCL to develop greenfield

airport in Kerala

Power Grid will form a tie-up with I n t e r n a t i o n a l F i n a n c e Corporation IFC, an arm of the World Bank, to develop power t r a n s m i s s i o n p ro j e c t s i n developing economies of Africa & Central Asia. The World Bank arm will bring-in equity capital to help finance the projects, and Power Grid will use its operational expertise to develop the projects. Typically, transmission projects such as these get developed through a 70:30 debt-equity ratio.

The projects will be basis build-own-operate model under public private partnership (PPP). Power Grid has been extensively developing projects abroad, having consulted on and executed 30 such projects across Afghanistan, Bhutan, Bangladesh, UAE, Nepal, Sri Lanka & Nigeria.

The Power Grid, World Bank tie-u p w o u l d a l s o e x p l o r e participation in the upcoming India-Iran transmission project.

Hindustan Petroleum is looking to acquire 11% equity in a greenfield international airport at Kannur, in north Kerala. The equity participation will confer HPCL the right to design, develop, operate and maintain all facilities required for refuelling aircrafts.

The state government, through a special-purpose-vehicle Kannur International Airport Ltd has made an outlay of Rs 1,130 crore

for the airport. HPCL’s equity would require an investment of Rs 55 crore. The state government has acquired 1,275 acres of land for the aviation-related part of the project, and is acquiring an add i t iona l 725 ac re s fo r commercial use.

The new airport, to be built over six phases, will cater to the Kannur-based NRI population which constitutes a substantial portion of passenger traffic at Kozhikode & Mangalore airports.

The central government has recently made a policy decision to allow airlines to directly import jet fuel to help them save on sales tax. Hence HPCL has made this strategic move of taking equity in the airport project.

HAL & Container Corporation of India have formed a 50:50 joint venture to use part of HAL’s Nasik facility for air-cargo shipments to Dubai. The JV will become operational in March 2012, with Sharjah-based RUS Aviation operating a weekly flight to start

HAL Nasik to start air-cargo

exports

with. The number of flights is proposed to be increased to three a week.

A cold storage facility and two warehouses have been located at the airport. The commodities to be expor ted wi l l inc lude pharmaceuticals , f ruits & vegetables, engineering goods and automotive components. Pharma companies based in Indore, auto-parts companies based in Pune and flowers, fruits & vegetable cultivators based in Nasik are the likely candidates to be using the facility.

HAL’s Nasik division was established in 1964 for license manufacture & maintenance of MiG series aircrafts. The division is located 24 km from Nasik and is spread over 14 million sq meters

Garden Reach Shipbuilders & Engineers Ltd has commissioned an in-shore patrol vessel for anti-smuggling, anti-poaching and rescue operations. The vessel has been designed to be cost effective, fuel efficient, powerful and easy to

GRSE commissions patrol

vessel.

Among the reasons that make Indian Oil an attractive place to w o r k i s t h e b r e a d t h o f opportunities & challenges that it affords to professionals, which enhances job satisfaction and adds to their skills-set. Over t h e l a s t t h r e e y e a r s 4 2 pe t rochemica l s marke t ing p r o f e s s i o n a l s , 4 6 p l a n t supervisors for the Panipat Naphtha cracker unit, 79 project engineers and two R&D experts have chosen to switch to Indian Oil from the private sector.

While salaries at Indian Oil at middle-management level are comparable to those in the private sector, entry-level salaries at Indian Oil are upto 25% higher.

ONGC has earmarked an outlay of US$ 33 billion (about Rs 1,60,000 crore) for the 12th Plan period, 2012 to 2017. About 97% of the outlay has been earmarked for enhanced exploration & production. Indeed, ONGC will spend Rs 26,000 crore (about US$ 5.3 billion) to develop 10 offshore oil & gas clusters to increase crude oil production by upto 4 million tonnes per annum, an increase of 15%, by 2013-14.

ONGC plans to produce 277 million tonnes of oil & oil equivalent gas in the 12th Plan, of which 144 billion cubic meter will be gas & 133 million tonnes will be oil. ONGC will

Investments

ONGC 12thPlan capex at US$ 33

billion

manoeuvre, with top speed of 34 knots. The vessel has state-of-the-art main engines, water jet units, engine control and integrated bridge system integrating all communication and navigation systems.

The vessel is fully air conditioned with improved habitability conditions for the crew.

I n t e g r a t e d c o n s t r u c t i o n technology was adopted during construction of the ship and as a result it had been possible to deliver the ship within a span of only 16 months from Keel Laying. GRSE has also targeted to deliver the 2nd ship of this series within next two months.

GRSE has an annual Value of Production of over Rs 1,000 Crore, and will register a growth of 20% this year.

GRSE has an annual Value of Production of over Rs 1,000 Crore, and will register a growth of 20% this year.

Indian Oil Corporation has built the reputation among engineering & management professionals of being among the best places to work. This was amply demonstrated when I n d i a n O i l s o l i c i t e d applications for junior & middle-management positions for i ts upcoming Naptha cracker unit at Panipat refinery, a n d a l a r g e n u m b e r o f professionals from the private sector in India & the Middle East responded.

Indian Oil among best places to

work

Commanding Officer Pankaj Verma (extreme left), Director General Coast GuardVice Admiral M P Muralidharan (3rd from left), COMCG (East) IG SPSharma

and CMD GRSE Rear Admiral AK Verma (extreme right) in the operating room of thenewly commissioned ship.

UPDATE

PSE Newsletter6

UPDATE

PSE Newsletter 7

NTPC to invest Rs 24,000 crore BHEL

in Orissa in 12th Plan

Neyveli Lignite

Coal IndiaPower Grid

Hindustan Copper

Indian OilBalmer Lawrie

Oil India

Engineers India

profit for the quarter was Rs 151 crore, versus Rs 122 BHEL registered revenues of crore in the same period last Rs 11,078 crore for Oct-Dec NTPC has planned to augment year, an increase of 24%. quarter, versus Rs 9,279 its generation capacity in Orissa

crore in the same period last by 4,500 MW, through two year, an increase of 19%. Net greenfield power plants, at an

Neyveli Lignite registered profit for the quarter was Rs estimated investment of Rs revenues of Rs 1,046 crore for 1,432 crore, versus Rs 1,403 24,000 crore (about US$ 4.8 the Oct-Dec quarter, versus Rs crore in the same period last billion).869 crore in the same period last year, an increase of 2%.year, an increase of 20%. Net Coal linkage of 7 & 12.5 million profit for the quarter was Rs 185 BHEL has orders to the tune of tonnes per annum have been crore, versus Rs 96 crore in the Rs 1,46,500 crore, at the end of tied-up for the power plants. same period last year, an increase Dec 2011. Land clearance & acquisition of 92%.for the projects will likely be completed by mid-2012.

Coal India registered revenues NTPC would be inviting Power Grid registered revenues of Rs 15,349 crore for the Oct t e n d e r s g l o b a l l y f o r of Rs 2,466 crore for the Oct- – Dec quarter, versus Rs procurement of plant & Dec quarter, versus Rs 2,052 12,686 crore in the same machinery for the projects.crore in the same period last period last year, an increase of year, an increase of 20%. Net 21%. Net profit for the profit for the quarter was Rs 809 quarter was Rs 4,038 crore, crore, versus Rs 591 crore in the versus Rs 2,626 crore in the same period last year, an increase same period last year, an of 37%. increase of 54%.Hindustan Copper registered

revenues of Rs 346 crore for Power Grid had an investment Coal India enhanced its off-take Oct-Dec quarter, versus Rs 307 target of Rs 55,000 crore during to 110 million tonnes in Oct-crore in the same period last the 11th Plan (2007-12), and Dec quarter versus 93 million year, an increase of 13%. Net has invested Rs 47,800 crore so tonnes in the July-Sept quarter profit for the quarter was Rs 79 far, with another Rs 11,000 of 2011.crore, about the same as last year.crore being spent on projects by March 2012.

I n d i a n O i l r e g i s t e r e d Balmer Lawrie registered revenues revenues of Rs 1,04,064 of Rs 560 crore for Oct-Dec

Oil India registered revenues of crore for the Oct – Dec quarter, versus Rs 500 crore in the Rs 2,965 crore for the Oct – Dec quarter, versus Rs 82,097 same period last year, an increase of quarter, versus Rs 2,750 crore in crore in the same period last 12%. Net profit for the quarter the same period last year, an year, an increase of 27%. Net was Rs 42 crore, versus Rs 38 crore increase of 8%. Net profit for profit for the quarter was Rs in the same period last year, an the quarter was Rs 1,013 crore, 2,488 crore, primarily owing increase of 10%.versus Rs 907 crore in the same t o G o v e r n m e n t period last year, an increase of compensation of Rs 8,237 11%. c ro r e f o r t h e p r e v i o u s EIL registered revenues of Rs

q u a r t e r s a p p r o v e d & 792 c rore fo r Oct -Dec a c c o u n t e d f o r i n t h i s Oil India sold 1.5 million metric quarter, versus Rs 677 crore quarter. tonnes of oil & natural gas in the in the same period last year,

Oct-Dec quarter.an increase of 17%. Net

Quarterly Results

Indian Oil sold over 19 million neither afford nor access it.The tonnes of products, domestically service will initially be available & abroad, during Oct-Dec to the elderly in North & East quarter. Delhi.

Balmer Lawrie has initiated a

The number of trainees is as follows: Kolkata 23, Pune 8, Mumbai 24 & Delhi 24. After completion of the course, successful candidates will be eligible for a Diploma in Travel & Tourism Management, which i s r e c o g n i z e d b y I ATA (International Air Transport Association). The successful candidates will also be eligible for placements with Balmer program where three months’ National Small Industries Lawrie which has an expanding of training in Travel & Corporation in partnership with Travel & Tourism division.Tourism, with a stipend, HelpAge has launched a mobile

would be provided to young medicare unit that will provide Each trainee will be given a women f rom vulnerab le free medical treatment and free stipend of Rs 3,000 per month sections. The program is medicines to the elderly, at their for the duration of the being conducted across India, door s t ep s . Each mob i l e training.The total cost of the and for 2011-12 upto 104 medicare unit will be manned by program would be Rs 25 lakh young women will benefit a doctor, a pharmacist and a and will be borne by Balmer from it. The objective of the social worker.Lawrie.p rog r am i s t o enhance

employment prospects of The mobile medicare unit will such young women and make reach the elderly who urgently them self-reliant. need medical care but can

CII Council on PSEs organized an interactive session with Mr DRS Chaudhary, Secretary, D e p a r t m e n t o f P u b l i c Enterprises, Ministry of Heavy Industries & Public Enterprises, Government of India, on 17th

CSR

Events

Balmer Lawrie to train young

w o m e n f r o m v u l n e r a b l e NSIC partners HelpAge to sectionsprovide free medical service

Interactive session with DRS

Chaudhary, Secretary, Deptt

of Public Enterprises, Ministry

of Heavy Industries & Public

Enterprises, Govt of India

HP Kumar, CMD, NSIC flagging-off the medicare unit. Also seen is Mathew Cherian,Chief Executive, HelpAge, in the foreground.

PP Sahoo, Director - HR & Corporate Affairs (extreme right)addressing the trainees in Delhi

UPDATE

PSE Newsletter6

UPDATE

PSE Newsletter 7

NTPC to invest Rs 24,000 crore BHEL

in Orissa in 12th Plan

Neyveli Lignite

Coal IndiaPower Grid

Hindustan Copper

Indian OilBalmer Lawrie

Oil India

Engineers India

profit for the quarter was Rs 151 crore, versus Rs 122 BHEL registered revenues of crore in the same period last Rs 11,078 crore for Oct-Dec NTPC has planned to augment year, an increase of 24%. quarter, versus Rs 9,279 its generation capacity in Orissa

crore in the same period last by 4,500 MW, through two year, an increase of 19%. Net greenfield power plants, at an

Neyveli Lignite registered profit for the quarter was Rs estimated investment of Rs revenues of Rs 1,046 crore for 1,432 crore, versus Rs 1,403 24,000 crore (about US$ 4.8 the Oct-Dec quarter, versus Rs crore in the same period last billion).869 crore in the same period last year, an increase of 2%.year, an increase of 20%. Net Coal linkage of 7 & 12.5 million profit for the quarter was Rs 185 BHEL has orders to the tune of tonnes per annum have been crore, versus Rs 96 crore in the Rs 1,46,500 crore, at the end of tied-up for the power plants. same period last year, an increase Dec 2011. Land clearance & acquisition of 92%.for the projects will likely be completed by mid-2012.

Coal India registered revenues NTPC would be inviting Power Grid registered revenues of Rs 15,349 crore for the Oct t e n d e r s g l o b a l l y f o r of Rs 2,466 crore for the Oct- – Dec quarter, versus Rs procurement of plant & Dec quarter, versus Rs 2,052 12,686 crore in the same machinery for the projects.crore in the same period last period last year, an increase of year, an increase of 20%. Net 21%. Net profit for the profit for the quarter was Rs 809 quarter was Rs 4,038 crore, crore, versus Rs 591 crore in the versus Rs 2,626 crore in the same period last year, an increase same period last year, an of 37%. increase of 54%.Hindustan Copper registered

revenues of Rs 346 crore for Power Grid had an investment Coal India enhanced its off-take Oct-Dec quarter, versus Rs 307 target of Rs 55,000 crore during to 110 million tonnes in Oct-crore in the same period last the 11th Plan (2007-12), and Dec quarter versus 93 million year, an increase of 13%. Net has invested Rs 47,800 crore so tonnes in the July-Sept quarter profit for the quarter was Rs 79 far, with another Rs 11,000 of 2011.crore, about the same as last year.crore being spent on projects by March 2012.

I n d i a n O i l r e g i s t e r e d Balmer Lawrie registered revenues revenues of Rs 1,04,064 of Rs 560 crore for Oct-Dec

Oil India registered revenues of crore for the Oct – Dec quarter, versus Rs 500 crore in the Rs 2,965 crore for the Oct – Dec quarter, versus Rs 82,097 same period last year, an increase of quarter, versus Rs 2,750 crore in crore in the same period last 12%. Net profit for the quarter the same period last year, an year, an increase of 27%. Net was Rs 42 crore, versus Rs 38 crore increase of 8%. Net profit for profit for the quarter was Rs in the same period last year, an the quarter was Rs 1,013 crore, 2,488 crore, primarily owing increase of 10%.versus Rs 907 crore in the same t o G o v e r n m e n t period last year, an increase of compensation of Rs 8,237 11%. c ro r e f o r t h e p r e v i o u s EIL registered revenues of Rs

q u a r t e r s a p p r o v e d & 792 c rore fo r Oct -Dec a c c o u n t e d f o r i n t h i s Oil India sold 1.5 million metric quarter, versus Rs 677 crore quarter. tonnes of oil & natural gas in the in the same period last year,

Oct-Dec quarter.an increase of 17%. Net

Quarterly Results

Indian Oil sold over 19 million neither afford nor access it.The tonnes of products, domestically service will initially be available & abroad, during Oct-Dec to the elderly in North & East quarter. Delhi.

Balmer Lawrie has initiated a

The number of trainees is as follows: Kolkata 23, Pune 8, Mumbai 24 & Delhi 24. After completion of the course, successful candidates will be eligible for a Diploma in Travel & Tourism Management, which i s r e c o g n i z e d b y I ATA (International Air Transport Association). The successful candidates will also be eligible for placements with Balmer program where three months’ National Small Industries Lawrie which has an expanding of training in Travel & Corporation in partnership with Travel & Tourism division.Tourism, with a stipend, HelpAge has launched a mobile

would be provided to young medicare unit that will provide Each trainee will be given a women f rom vulnerab le free medical treatment and free stipend of Rs 3,000 per month sections. The program is medicines to the elderly, at their for the duration of the being conducted across India, door s t ep s . Each mob i l e training.The total cost of the and for 2011-12 upto 104 medicare unit will be manned by program would be Rs 25 lakh young women will benefit a doctor, a pharmacist and a and will be borne by Balmer from it. The objective of the social worker.Lawrie.p rog r am i s t o enhance

employment prospects of The mobile medicare unit will such young women and make reach the elderly who urgently them self-reliant. need medical care but can

CII Council on PSEs organized an interactive session with Mr DRS Chaudhary, Secretary, D e p a r t m e n t o f P u b l i c Enterprises, Ministry of Heavy Industries & Public Enterprises, Government of India, on 17th

CSR

Events

Balmer Lawrie to train young

w o m e n f r o m v u l n e r a b l e NSIC partners HelpAge to sectionsprovide free medical service

Interactive session with DRS

Chaudhary, Secretary, Deptt

of Public Enterprises, Ministry

of Heavy Industries & Public

Enterprises, Govt of India

HP Kumar, CMD, NSIC flagging-off the medicare unit. Also seen is Mathew Cherian,Chief Executive, HelpAge, in the foreground.

PP Sahoo, Director - HR & Corporate Affairs (extreme right)addressing the trainees in Delhi

UPDATE

PSE Newsletter 9

UPDATE

PSE Newsletter8

Companies Bill has been placed on agenda for debate in the Parliament. He urged the Council to review the draft and ensure that provisions & amendments suggested by the PSEs have been incorporated. He mentioned that the DPE w o u l d b e m o r e t h a n forthcoming in presenting the case of PSEs, if required, to the Standing Committee on Companies Bill.

Vigilance: Mr Chaudhary asked the CII Council members to study in detail the Roongta committee report which has Feb 2012 at New Delhi. e n v i r o n m e n t , p o l i c y made recommendations on initiatives should help PSEs vigilance.drive growth in every possible The interactive session was part

way.of the ongoing engagement Corporate Social Responsibility: as between policy makers & the

The following policy issues were the outlay by PSEs on CSR PSEs, initiated by CII Council discussed. activities is substantial, PSEs on PSEs, and was organized to

must be free to spend on projects deliberate on and consider as per their evaluation and not be Autonomy : The Counc i l action-points on a wide range of restricted to NGOs alone. Mr members urged that the i s s u e s c o n c e r n i n g t h e

autonomy granted to Navaratna Chaudhary, Secretary, DPE functioning of PSEs such as & Maharatna be implemented acknowledged that there were m a n a g e r i a l a u t o n o m y, so that the PSEs can be efficient overlapping guidelines on CSR corporate governance & & competitive. This would & Sustainable Development, and corporate social responsibility.entail considering the decision he invited the CII PSE Council of the PSE Board to be final. to make recommendations and Mr BP Rao, CMD, BHEL

give new ideas on the same. Mr started the session by thanking Corporate Governance: CII PSE Chaudhury also urged PSEs to Mr Chaudhary for his active Council members urged Mr actively participate in Public-support and guidance, and his Chaudhary that the Board & the Private Partnership, (PPP) assistance in resolving policy CMD must be involved in projects. PPP projects are helpful related issues that are hampering selection & appointment of in creating infrastructure the growth of PSEs. Independent Directors. Also the d e ve l o p m e n t f o r w h i c h number of agencies involved in commercial funding is expensive.A f t e r m a k i n g a b r i e f the selection process for CEOs p r e s e n t a t i o n t o M r must be reduced and only With reference to CSR outlays Chaudhary on the initiatives candidates that have been of PSEs, Mr Chaudhary of CII Council on PSEs, Mr cleared by the CVC must be Rao brought forward for mentioned his meeting with the considered. discussion, policy issues which Secretaries of Education of

could assist PSEs perform Rajasthan & Maharashtra, M r D R S C h a u d h a r y better. In a highly competitive w h e r e P P P m o d e l s o f

& d y n a m i c e c o n o m i c mentioned that the draft of the educational infrastructure

development were discussed. be proactively addressed by all its 3rd meeting for the financial stakeholders including the PSEs The PPP model developed by year 2011-12 on 17th Feb 2012 themselves and the government, those states is innovative & at New Delhi to review activities a s i t wou ld con t r i bu t e effective, and PSEs may evaluate of the Council and consider new significantly to enhancing the same for partnership initiatives. operational performance of opportunities.PSEs. Mr Rao opened the session by

alluding to the broader economic Li s t i n g : M r C h a u d h a r y The interactive session was environment and the how the mentioned that unlocking the deeply appreciated by both the context in which businesses value of PSE’s was of paramount Secretary, DPE & the PSEs. It operate has changed in the last importance. He suggested that was part of CII Council on PSEs few months. Most businesses Listing of PSEs, and their initiative to work towards

have registered lower growth than subsidiaries would help unlock growing the PSEs, which is the in the past, resulting in lower their value and also promote common aim of all stakeholders.cash-flows. The factors that have public ownership of public It is expected that interactive contributed to lower than assets. sessions in future would see expected growth have been more action-points emerge and higher inflation, high cost of there is ever more participation CII PSE Council members capital and higher commodity from PSEs.desired that the members of the prices.MOU Task Force should be

Mr Rao also brought-up some of the recent initiatives of the Prime Minister’s office in boosting the sentiment of investors. He hoped that by the end of the financial year the impetus to economic activity in terms of the policy initiatives being taken would get converted into tangible investment opportunities, and the economy would be back on a growth path.

more considerate while fixing growth targets for PSEs given

Among the discussions at the t h e c u r r e n t b u s i n e s s CII Council on PSEs organized s e s s i o n w e r e t h e C S R environment. Members have suggested that MOU Task Force comprise former CMDs & Directors of PSEs who are more aware o f the ope r a t ing environment of PSEs. The C o u n c i l m e m b e r s a l s o requested for more participation of PSEs in apex level policy deliberations.

Mr Chaudhary concurred that the issues highlighted needed to

Meeting of the members of CII Council on PSEs

(L to R) Shefali Chaturvedi, Sr Director, CII; DRS Chaudhary, Secretary,Deptt of Public Enterprises, Ministry of Heavy Industries & Public Enterprises;BP Rao, CMD, BHEL; Nita Karmakar, Director, CII

Members of CII Council on PSEs at the interactive session with Secretary,Deptt of Public Enterprises, Ministry of Heavy Industries & Public Enterprises,Govt of India

(L to R) RS Butola, CMD, Indian Oil; AK Purwaha, CMD, Engineers India & Mohan Tiwari, CMD, IRCON International at the meeting

UPDATE

PSE Newsletter 9

UPDATE

PSE Newsletter8

Companies Bill has been placed on agenda for debate in the Parliament. He urged the Council to review the draft and ensure that provisions & amendments suggested by the PSEs have been incorporated. He mentioned that the DPE w o u l d b e m o r e t h a n forthcoming in presenting the case of PSEs, if required, to the Standing Committee on Companies Bill.

Vigilance: Mr Chaudhary asked the CII Council members to study in detail the Roongta committee report which has Feb 2012 at New Delhi. e n v i r o n m e n t , p o l i c y made recommendations on initiatives should help PSEs vigilance.drive growth in every possible The interactive session was part

way.of the ongoing engagement Corporate Social Responsibility: as between policy makers & the

The following policy issues were the outlay by PSEs on CSR PSEs, initiated by CII Council discussed. activities is substantial, PSEs on PSEs, and was organized to

must be free to spend on projects deliberate on and consider as per their evaluation and not be Autonomy : The Counc i l action-points on a wide range of restricted to NGOs alone. Mr members urged that the i s s u e s c o n c e r n i n g t h e

autonomy granted to Navaratna Chaudhary, Secretary, DPE functioning of PSEs such as & Maharatna be implemented acknowledged that there were m a n a g e r i a l a u t o n o m y, so that the PSEs can be efficient overlapping guidelines on CSR corporate governance & & competitive. This would & Sustainable Development, and corporate social responsibility.entail considering the decision he invited the CII PSE Council of the PSE Board to be final. to make recommendations and Mr BP Rao, CMD, BHEL

give new ideas on the same. Mr started the session by thanking Corporate Governance: CII PSE Chaudhury also urged PSEs to Mr Chaudhary for his active Council members urged Mr actively participate in Public-support and guidance, and his Chaudhary that the Board & the Private Partnership, (PPP) assistance in resolving policy CMD must be involved in projects. PPP projects are helpful related issues that are hampering selection & appointment of in creating infrastructure the growth of PSEs. Independent Directors. Also the d e ve l o p m e n t f o r w h i c h number of agencies involved in commercial funding is expensive.A f t e r m a k i n g a b r i e f the selection process for CEOs p r e s e n t a t i o n t o M r must be reduced and only With reference to CSR outlays Chaudhary on the initiatives candidates that have been of PSEs, Mr Chaudhary of CII Council on PSEs, Mr cleared by the CVC must be Rao brought forward for mentioned his meeting with the considered. discussion, policy issues which Secretaries of Education of

could assist PSEs perform Rajasthan & Maharashtra, M r D R S C h a u d h a r y better. In a highly competitive w h e r e P P P m o d e l s o f

& d y n a m i c e c o n o m i c mentioned that the draft of the educational infrastructure

development were discussed. be proactively addressed by all its 3rd meeting for the financial stakeholders including the PSEs The PPP model developed by year 2011-12 on 17th Feb 2012 themselves and the government, those states is innovative & at New Delhi to review activities a s i t wou ld con t r i bu t e effective, and PSEs may evaluate of the Council and consider new significantly to enhancing the same for partnership initiatives. operational performance of opportunities.PSEs. Mr Rao opened the session by

alluding to the broader economic Li s t i n g : M r C h a u d h a r y The interactive session was environment and the how the mentioned that unlocking the deeply appreciated by both the context in which businesses value of PSE’s was of paramount Secretary, DPE & the PSEs. It operate has changed in the last importance. He suggested that was part of CII Council on PSEs few months. Most businesses Listing of PSEs, and their initiative to work towards

have registered lower growth than subsidiaries would help unlock growing the PSEs, which is the in the past, resulting in lower their value and also promote common aim of all stakeholders.cash-flows. The factors that have public ownership of public It is expected that interactive contributed to lower than assets. sessions in future would see expected growth have been more action-points emerge and higher inflation, high cost of there is ever more participation CII PSE Council members capital and higher commodity from PSEs.desired that the members of the prices.MOU Task Force should be

Mr Rao also brought-up some of the recent initiatives of the Prime Minister’s office in boosting the sentiment of investors. He hoped that by the end of the financial year the impetus to economic activity in terms of the policy initiatives being taken would get converted into tangible investment opportunities, and the economy would be back on a growth path.

more considerate while fixing growth targets for PSEs given

Among the discussions at the t h e c u r r e n t b u s i n e s s CII Council on PSEs organized s e s s i o n w e r e t h e C S R environment. Members have suggested that MOU Task Force comprise former CMDs & Directors of PSEs who are more aware o f the ope r a t ing environment of PSEs. The C o u n c i l m e m b e r s a l s o requested for more participation of PSEs in apex level policy deliberations.

Mr Chaudhary concurred that the issues highlighted needed to

Meeting of the members of CII Council on PSEs

(L to R) Shefali Chaturvedi, Sr Director, CII; DRS Chaudhary, Secretary,Deptt of Public Enterprises, Ministry of Heavy Industries & Public Enterprises;BP Rao, CMD, BHEL; Nita Karmakar, Director, CII

Members of CII Council on PSEs at the interactive session with Secretary,Deptt of Public Enterprises, Ministry of Heavy Industries & Public Enterprises,Govt of India

(L to R) RS Butola, CMD, Indian Oil; AK Purwaha, CMD, Engineers India & Mohan Tiwari, CMD, IRCON International at the meeting

UPDATE

PSE Newsletter10

UPDATE

PSE Newsletter 11

Mr Tyagi serves on a number of initiatives of PSEs. CSR S h i p y a r d , R a s h t r i y a Chemicals & Ferti l izers, aviation related forums & initiatives of several PSEs have Western Coalfields, PEC, committees, including the been ver y success fu l in Indian Railway Catering & s t e e r i n g c o m m i t t e e f o r uplifting communities they Tourism Corporation, GAIL, formulating strategic plans of touch, going beyond the SAIL, Oil India and Garden the Ministry of Civil Aviation; “t r i ck le -down” e f fec t o f Reach Shipbuilders, among Vice-President, Aeronautical i ndus t r i a l d eve lopment . others. Society of India and Member, While PSEs have been known

National Committee on Civil to provide a high-quality of Aviation Safety Advisory life to its employees & their Council.families, their CSR activities

have gone beyond “cheque-book CSR” and have provided t a r g e t ed a s s i s t ance l i k e vocational training aligned to their area of operation. Such CSR initiatives have been s u s t a i n a b l e a n d h a v e developed self-reliance among vulnerable sections, and the need was felt for knowledge sharing among PSEs on e f f e c t i v e f i n a n c i a l & manpower resource allocation

Mr RK Tyagi has taken charge as on CSR activities.Mr Viren Sinha has taken charge C h a i r m a n , H i n d u s t a n as Chairman & Managing Aeronautics Ltd. Previously, he

The meeting also discussed Director, Balmer Lawrie. He has been CMD of Pawan Hans

the Roongta commit tee was previously Director, Helicopter Ltd, since May

r epo r t wh i ch ha s b e en Services overseeing the Tour & 2007.

presented to the Planning Travel and Logistics divisions of

Commission. The report has Balmer Lawrie.Mr Tyagi started his career at m a d e a n u m b e r o f

ONGC as a Graduate Trainee in c o n s t r u c t i v e & v i a b l e Mr Sinha has worked for over 29 1976 and rose to the position of suggestions on PSE reforms. years with Balmer Lawrie, General Manager in 2003. Mr Members of CII Council on having spearheaded operations Tyagi cont inued serv ing PSEs have recommended that across the organization in Sales ONGC till May 2007.the platform of CII be & Marketing, Operations and utilized to engage with the Materials Management. Mr Mr Tyagi holds a Bachelor’s in government in implementing Sinha has been Head of Balmer Electronics & Telecommunication these recommendations.Lawrie’s operations in the UK engineering from IIT Roorkee, for 11 years.graduating in 1975. He also holds a Among the attendees of the

M a s t e r ’ s i n B u s i n e s s s e s s ion were CMD’s & Administration, and has attended Directors from PSEs such as an Advanced Leadership course on BHEL, Indian Oil, Engineers

Mr Vimal Wakhlu has taken Public Sector Management from I n d i a , Na l c o , I RC O N , c h a r g e a s C h a i r m a n & the Indian School of Business, ISB, H i n d u s t a n C o p p e r , M a n a g i n g D i r e c t o r , Hyderabad.International, Bharat Pumps T e l e c o m m u n i c a t i o n s & Compressors , Cochin

Appointments

RK Tyagi takes charge as Viren Sinha takes charge as Chairman, HALCMD, Balmer Lawrie

Vimal Wakhlu takes charge

as CMD, TCIL

is also a certified Project functions in telecom services Management Professional from including Human Resources, Project Management Institute, conceptualization & promotion Pennsylvania, USA. of new telecom services,

innovative revenue streams for DoT & BSNL. He has lead small & large cross-functional

Rear Admiral (Retired) RK teams, in both Circle offices and Shrawat, AVSM, has taken at the Corporate level.c h a r g e a s C h a i r m a n &

Mr Garg holds a Bachelor’s in C o n s u l t a n t s In d i a L t d . Managing Director, Mazagon Electronics & Communication Previously he was Director – Dock Ltd. Previously, he was Engineering from IIT Roorkee, Technical, TCIL. serving as Director-General, graduating in 1975, and a Weapons & Electronic Systems Master’s in Communication Mr Wakhlu has worked for Engineering Establishment of Systems also from IIT Roorkee, over 32 years in the various the Indian Navy. graduating in 1977. f a c e t s o f T e l e c o m

E n g i n e e r i n g i n c l u d i n g Rear Admiral (Rtd) Shrawat has Mobile Communications, served the Indian Navy for over Satellite Communications 36 years. He holds a Bachelor’s i n c l u d i n g V S AT b a s e d i n E l e c t r o n i c s & N e t w o r k s , O p t i c a l Communication engineering Communications, Analog from the Indian Institute of and Dig i t a l Mic rowave Technology.S y s t e m s , A n a l o g a n d Digital Co-axial Systems and Video Transmission, among others.

Mr Wakhlu started his career with National Hydro Power Mr NK Nanda has taken Corporation, NHPC, in 1977 additional charge as Chairman and subsequently moved to the & Managing Director, NMDC, Overseas Communications until a full-time CMD is Services of VSNL. He has also appointed. Mr Nanda will also served the Department of serve as Chairman of Australia’s Telecommunications and BSNL Legacy Iron Ore, in which in various capacities including NMDC is a strategic investor. Mr AK Garg has taken charge as Director, Satellite Maintenance, Mr Nanda has been Director - C h a i r m a n & Ma n a g i n g Western Region and General Technical, and a member of the Director of MTNL. Previously, Manager, Mobile Services, Board, with NMDC since he was Director - HR at BSNL. Maharashtra & North East 2008. Circle. Mr Garg started his career with

Mr Nanda has spent over 27 D e p a r t m e n t o f Mr Wakhlu holds a Bachelor’s in years in the field of Mining, Telecommunications, DoT, Engineering from Regional having been with NMDC since t h r o u g h t h e I n d i a n Engineering College, Srinagar 1999 and with Hindustan Telecommunications Services. graduating in 1977, and MBA Copper prior to that. Mr Nanda In a career spanning over 34 in Marketing from IGNOU. He has been recognized by the years, he has lead diverse

RK Shrawat takes charge as

CMD, Mazagon Dock

NK Nanda takes additional

charge as CMD, NMDC

AK Garg takes charge as CMD,

MTNL

UPDATE

PSE Newsletter10

UPDATE

PSE Newsletter 11

Mr Tyagi serves on a number of initiatives of PSEs. CSR S h i p y a r d , R a s h t r i y a Chemicals & Ferti l izers, aviation related forums & initiatives of several PSEs have Western Coalfields, PEC, committees, including the been ver y success fu l in Indian Railway Catering & s t e e r i n g c o m m i t t e e f o r uplifting communities they Tourism Corporation, GAIL, formulating strategic plans of touch, going beyond the SAIL, Oil India and Garden the Ministry of Civil Aviation; “t r i ck le -down” e f fec t o f Reach Shipbuilders, among Vice-President, Aeronautical i ndus t r i a l d eve lopment . others. Society of India and Member, While PSEs have been known

National Committee on Civil to provide a high-quality of Aviation Safety Advisory life to its employees & their Council.families, their CSR activities

have gone beyond “cheque-book CSR” and have provided t a r g e t ed a s s i s t ance l i k e vocational training aligned to their area of operation. Such CSR initiatives have been s u s t a i n a b l e a n d h a v e developed self-reliance among vulnerable sections, and the need was felt for knowledge sharing among PSEs on e f f e c t i v e f i n a n c i a l & manpower resource allocation

Mr RK Tyagi has taken charge as on CSR activities.Mr Viren Sinha has taken charge C h a i r m a n , H i n d u s t a n as Chairman & Managing Aeronautics Ltd. Previously, he

The meeting also discussed Director, Balmer Lawrie. He has been CMD of Pawan Hans

the Roongta commit tee was previously Director, Helicopter Ltd, since May

r epo r t wh i ch ha s b e en Services overseeing the Tour & 2007.

presented to the Planning Travel and Logistics divisions of

Commission. The report has Balmer Lawrie.Mr Tyagi started his career at m a d e a n u m b e r o f

ONGC as a Graduate Trainee in c o n s t r u c t i v e & v i a b l e Mr Sinha has worked for over 29 1976 and rose to the position of suggestions on PSE reforms. years with Balmer Lawrie, General Manager in 2003. Mr Members of CII Council on having spearheaded operations Tyagi cont inued serv ing PSEs have recommended that across the organization in Sales ONGC till May 2007.the platform of CII be & Marketing, Operations and utilized to engage with the Materials Management. Mr Mr Tyagi holds a Bachelor’s in government in implementing Sinha has been Head of Balmer Electronics & Telecommunication these recommendations.Lawrie’s operations in the UK engineering from IIT Roorkee, for 11 years.graduating in 1975. He also holds a Among the attendees of the

M a s t e r ’ s i n B u s i n e s s s e s s ion were CMD’s & Administration, and has attended Directors from PSEs such as an Advanced Leadership course on BHEL, Indian Oil, Engineers

Mr Vimal Wakhlu has taken Public Sector Management from I n d i a , Na l c o , I RC O N , c h a r g e a s C h a i r m a n & the Indian School of Business, ISB, H i n d u s t a n C o p p e r , M a n a g i n g D i r e c t o r , Hyderabad.International, Bharat Pumps T e l e c o m m u n i c a t i o n s & Compressors , Cochin

Appointments

RK Tyagi takes charge as Viren Sinha takes charge as Chairman, HALCMD, Balmer Lawrie

Vimal Wakhlu takes charge

as CMD, TCIL

is also a certified Project functions in telecom services Management Professional from including Human Resources, Project Management Institute, conceptualization & promotion Pennsylvania, USA. of new telecom services,

innovative revenue streams for DoT & BSNL. He has lead small & large cross-functional

Rear Admiral (Retired) RK teams, in both Circle offices and Shrawat, AVSM, has taken at the Corporate level.c h a r g e a s C h a i r m a n &

Mr Garg holds a Bachelor’s in C o n s u l t a n t s In d i a L t d . Managing Director, Mazagon Electronics & Communication Previously he was Director – Dock Ltd. Previously, he was Engineering from IIT Roorkee, Technical, TCIL. serving as Director-General, graduating in 1975, and a Weapons & Electronic Systems Master’s in Communication Mr Wakhlu has worked for Engineering Establishment of Systems also from IIT Roorkee, over 32 years in the various the Indian Navy. graduating in 1977. f a c e t s o f T e l e c o m

E n g i n e e r i n g i n c l u d i n g Rear Admiral (Rtd) Shrawat has Mobile Communications, served the Indian Navy for over Satellite Communications 36 years. He holds a Bachelor’s i n c l u d i n g V S AT b a s e d i n E l e c t r o n i c s & N e t w o r k s , O p t i c a l Communication engineering Communications, Analog from the Indian Institute of and Dig i t a l Mic rowave Technology.S y s t e m s , A n a l o g a n d Digital Co-axial Systems and Video Transmission, among others.

Mr Wakhlu started his career with National Hydro Power Mr NK Nanda has taken Corporation, NHPC, in 1977 additional charge as Chairman and subsequently moved to the & Managing Director, NMDC, Overseas Communications until a full-time CMD is Services of VSNL. He has also appointed. Mr Nanda will also served the Department of serve as Chairman of Australia’s Telecommunications and BSNL Legacy Iron Ore, in which in various capacities including NMDC is a strategic investor. Mr AK Garg has taken charge as Director, Satellite Maintenance, Mr Nanda has been Director - C h a i r m a n & Ma n a g i n g Western Region and General Technical, and a member of the Director of MTNL. Previously, Manager, Mobile Services, Board, with NMDC since he was Director - HR at BSNL. Maharashtra & North East 2008. Circle. Mr Garg started his career with

Mr Nanda has spent over 27 D e p a r t m e n t o f Mr Wakhlu holds a Bachelor’s in years in the field of Mining, Telecommunications, DoT, Engineering from Regional having been with NMDC since t h r o u g h t h e I n d i a n Engineering College, Srinagar 1999 and with Hindustan Telecommunications Services. graduating in 1977, and MBA Copper prior to that. Mr Nanda In a career spanning over 34 in Marketing from IGNOU. He has been recognized by the years, he has lead diverse

RK Shrawat takes charge as

CMD, Mazagon Dock

NK Nanda takes additional

charge as CMD, NMDC

AK Garg takes charge as CMD,

MTNL

UPDATE

Mr Okhde holds a Bachelor’s Indian Bureau of Mines as in Mechanical Engineer from Qualified Person to prepare R e g i o n a l E n g i n e e r i n g Mining Plans. College, Bhopal, and a degree

Mr Nanda holds a both a in Executive Management Bachelor’s, graduating with 1st f r o m M a n a g e m e n t division, and a Master’s in D e v e l o p m e n t I n s t i t u t e Mining from Indian School of (MDI), Gurgaon.Mines, Dhanbad.

Mr PP Sahoo has taken charge as Director Human Resource Development & Corporate Affairs, and a member of the Board, Balmer Lawrie. His responsibilities will entail Corporate Communications & CSR initiatives, besides H u m a n R e s o u r c e

Mr VS Okhde has taken charge Mr Nagendra Kumar has taken Development. Mr Sahoo will as Director - Pipelines, Indian charge as Director – Technical, also be responsible for the Oil. Mr Okhde will head Indian Coal India, with effect from Feb Strategic Planning for Balmer Oil’s cross-country network of 1 2012. Lawrie. crude oil, product & gas pipelines, which span almost Mr Kumar has spent most of Mr Sahoo has been credited 11,000 km and have a carrying his career in reviving difficult with reorienting the HR capacity of over 75 million underground & open-cast paradigm of Balmer Lawrie and tonne per annum. Previously, mines, and has worked with modernising the legacy HR Mr Okhde was Executive all kinds of mechanization to systems & processes of the Director - Exploration & mine coal. He has been company. He has also been Production, with Indian Oil. ac t ive ly a s soc ia ted wi th recipient of HR Leadership

indigenization of equipment award during Asia’s Best Mr Okhde has spent over for “Long Wall” coal mining, Employer Brand awards for three decades in the entire and has presented Research 2011.g a m u t o f h y d r o c a r b o n Papers on the same.pipeline systems such as in

In a career spanning 33 years, operations, maintenance, Mr Kumar started his career in Mr Sahoo has worked for over engineering services and 1980 with Central Coalfields 24 years with Balmer Lawrie in projects. He has also held Ltd, a subsidiary of Coal India. HR & General Management senior management positions Heholds a Bachelor’s in Mining roles. in the business development Engineering from Indian School function. of Mines, Dhanbad.

PP Sahoo takes charge as

Director - HR & Corporate

Affairs, Balmer Lawrie

N Kumar takes charge as VS Okhde takes charge as Director - Technical, Coal Director - Pipelines, Indian Oil India

8

For comments/suggestions, please write to Nita Karmakar, Director, CII at nita.karmakar@cii.inDisclaimer: The data used here are from various published and electronically available primary and secondary sources. We have taken care to verify and cross-check the accuracy ofsuch data. However, despite due diligence, the source data may contain occasional errors. In such instances, CII is not responsible for such errors.

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