RIL wins conservation award
30 December 2003Mumbai: Reliance Industries Ltd's (RIL) plants at Patalganga and Hazira have won the National Energy Conservation Award 2003 claiming the first two prizes respectively in the petrochemical category, while Indian Petrochemicals Corporation Ltd received the certificate of merit.
The Reliance group is awarded all three positions for adopting a systematic approach towards energy conservation over the years and consistently reducing its energy costs. RIL's Patalganga plant implemented 23 energy conservation schemes and projects in 2002-03 while RIL Hazira undertook 37 energy conservation schemes.
The award committee this year selected one industrial unit for an excellence award, one industrial unit for the special prize, eight industrial units for the first prize, eight industrial units for the second prize and 18 industrial units for the certificate of merit.
India's power ministry presents the National Awards for Energy Conservation to promote and inspire energy conservation. The awards are a means to institutionalise the energy efficiency movement in the country by identifying and giving recognition to the energy conservation efforts undertaken by different companies and industries. RIL's Patalganga plant has won this award six times previously while RIL Hazira has bagged it four times.
RIL is India's largest private sector company on all major financial parameters with a gross turnover of Rs 65,061 crore ($13.7 billion), a cash profit of Rs 7,565 crore ($1.6 billion), a net profit of Rs 4,104 crore ($864 million), a net worth of Rs 30,327 crore ($6.4 billion) and total assets of Rs 63,737 crore ($13.4 billion). RIL features in the Forbes Global list of world's 400 best big companies and in FT Global 500 list of world's largest companies.
RIL has emerged as the Best Managed Company in India in a study by Business Today and AT Kearney. RIL was named in the World's Most Respected Companies list published by Financial Times based on a global survey and research conducted by PricewaterhouseCoopers. RIL also emerged as the most respected among Indian companies and amongst the 10 most respected energy and chemical companies in the world.