Page 36 - Plastics News November 2020
P. 36
IndianOil registers a net profit of Rs 6,227 crores ONGC in Forbes list of World Best Employers
ndianOil has registered net profit of Rs 6,227 crores NGC has made it in the Forbes Global list of 750
Ifor the second quarter of FY 2020-21. Th company OWorld Best Employers compiled in partnership
has reported Revenue from Operations of Rs 2,04,686 with Statista, the market research firm. Listed at 377,
crores for the first half of Financial Year 2020-21 as it came up in the fourth annual survey conducted
compared to Rs 2,82,514 crores in corresponding
across 58 countries covering 160,000 workers of
period of Financial Year 2019-20. The Net Profit for the
companies operating in multiple regions. These
six months ended 30th September 2020 is higher at Rs
8,138 crores as compared to Rs 4,160 crores during the
corresponding period mainly on account of higher
inventory gain and exchange gains during current
period. The Revenue from Operations of IndianOil is Rs
surveys were rolled out anonymously in the June-July
period for employee participants to willingly rate and
recommend their employers among relatives and
friends. They also evaluated other employers in the
category coming from their respective industries.
Participants also provided ratings on the basis of their
satisfaction level towards the employer COVID-19
concerns. The employers were offered scores over
1,15,749 crores in Q2 2020-21 as compared to Rs image, economic footprint, social responsibility,
1,32,377 crores in the corresponding quarter of FY talent development and gender equality. The final
2019-20. The Net Profit for the second quarter of FY compilation has 750 large and multinational
2020-21 is Rs 6,227 crores as compared to Rs 563 crores corporations with headquarters in 45 nations.
in the corresponding quarter of FY 2019-20 which is due Although, the US dominated this list with 247 entrants
to higher inventory gain and exchange gains during and Europe had 224, Asia and Oceania were not far
current quarter against inventory losses in behind including 208. Many firms listed here were not
corresponding quarter of last year. IndianOil Chairman, immune to the impact that COVID-19 led on their
Mr. S. M. Vaidya, said, "IndianOil sold 35.403 million workforce. Corporations are facing lawsuit accusing
tonnes of products, including exports, during the first
them of not providing a safe working environment due
six months of financial year 2020-21. Our refining
to dying of their employees. However, the scenario is
throughput for first six months of FY 2020-21 was
changing with such corporations making big
26.899 million tonnes and the throughput of the
investments meant for workplace safety, especially
Corporation's countrywide pipelines network was
frontline people. This year, amidst the crisis of the
32.364 million tonnes during the year. For the second
pandemic, ONGC's COVID-19 response has also been
quarter of FY 2020-21, IndianOil's product sales
recognized by the Stevie Awards for Great Employers.
volumes, including exports, was 18.899 million tonnes.
ONGC won the prestigious international award – Silver
The refining throughput was 13.969 million tonnes and
Stevie Awards for Great Employers as the Most
the throughput of the Corporation's countrywide
pipelines network was 17.347 million tonnes during the Valuable Employer - Asia Pacific in the COVID-19
same period." Response category.
NOVEMBER 2020 36 Plastics News
