Disclosures/Latest Events

  • Hon’ble President Addresses 8th Public Sector Day and Presents SCOPE Awards

    Shri Pranab Mukherjee, Hon’ble President of India presented SCOPE Awards and addressed the top echelons of India’s economic policy makers, Chief Executives, Directors and Senior Executives of Public Sector Enterprises on the occasion of 8th Public Sector Day Celebrations jointly organized by Standing Conference of Public Enterprises (SCOPE) and Department of Public Enterprises (DPE) at Vigyan Bhawan, New Delhi today.

    Shri Anant Geete, Union Minister of HI&PE, Shri Babul Supriyo, Hon’ble Minister of State (HI&PE), Smt. Seema Bahuguna, Secretary, DPE, Shri Ved Prakash, Chairman, SCOPE & CMD, MMTC and Dr. U.D. Choubey Director General, SCOPE also addressed the gathering, while Shri R.K. Bahuguna, Vice Chairman, SCOPE & CMD, RAILTEL, was present on the dais.

    Gold Trophies of SCOPE Excellence Awards in the Institutional Category I (Maharatna, Navratna) were presented to Rural Electrification Corporation Limited, National Aluminium Company Limited, Engineers India Limited (Special Commendation). In the Institutional Category II (Miniratna I & II), Mineral Exploration Corporation, ONGC Videsh Limited and WAPCOS Limited (Special Commendation bagged the awards. In the Institutional Category III - Other Profit Making PSEs, Electronics Corporation of India Ltd. received the award. Goa Shipyard Limited received the award in the Special Institutional (Turnaround) Category.

    The SCOPE Excellence Awards in the Individual Leadership Category were given to Dr. Anoop Kumar Mittal, CMD, NBCC, Mr. B Ashok, Chairman, IOCL, Mr. A.K. Jain, MD, RECIL and Mr. K.S. Popli, CMD, IREDA. Ms. Pooja Kapoor, Head, Business Development, WAPCOS and Ms. Seema Gupta, ED, Power Grid (Special Commendation) received the award in the Outstanding Woman Manger in PSEs Category. SCOPE Meritorious Award for Environmental Excellence & Sustainable Development and Best Women Empowered Company were presented to Hindustan Petroleum Corporation Limited. Meritorious Award for Corporate Governance was given to Power Finance Corporation Limited, Hindustan Aeronautics Limited and WAPCOS. NALCO received the Meritorious Award for Corporate Social Responsibility & Responsiveness while REIL received the Meritorious Award for R&D Technology Development & Innovation. Meritorious Award for Best Practices in Human Resource Management was given to SAIL. Meritorious Award for Best Managed Bank, Financial Institution or Insurance Company was given to REC. Meritorious Award for RTI Act 2005 Compliance was given to GAIL and NTPC.
  • Independent Anomaly cum Grievance Redressal Committee in SCOPE

    An independent Committee in SCOPE has been constituted for redressing the grievances/anomaly of employees of SCOPE with the following members:

    • Shri V.P. Singh, Consultant, Legal – Chairman
    • Shri U.K. Dikshit, Adviser, Programs
    • Shri B.V.K.K Rao, Adviser, Finance
    The independent committee shall hear all complaints and grievances arising in SCOPE and will have oversight to take independent view on complaints received and finally recommend their advice to Director General, SCOPE for further action.
  • Mr. Ved Prakash elected as Chairman of SCOPE

    Ballot papers received from Constituent PSEs for the SCOPE Elections 2017-19 for Chairman, Vice-Chairman and Members of the SCOPE Executive Board were counted and results declared on 28th March 2017 in the presence of authorized representatives from PSEs and Contestants.

    Dr. U.D. Choubey, Director General, SCOPE and Returning Officer declared the results.

    Following are the results:
    Chairman: Mr. Ved Prakash, CMD, MMTC Ltd.
    Vice Chairman: Mr. R.k. Bahuguna, CMD, RAILTEL Corporation

    Newly Elected SCOPE Executive Board Members are:
    Mr. Manoj Misra, CMD, CCI; Mr. Anuj Aggarwal, Member (HR), AAI; Mr. Satyabrata Borgohain, Director (Personnel), NEEPCO; Mr. Deepak Kumar Hota, CMD, BEML; Mr. D.R. Sarin, CMD, ALIMCO; Mr. Ravi P. Singh, Director (Personnel), Power Grid Corporation; Mr. Saptarshi Roy, Director (HR), NTPC; Mr. D.D. Misra, Director (HR), ONGC; Mr. Rajeev Bhardwaj, Director (HR), SECI; Mr. R.K. Gupta, CMD, WAPCOS Limited; Mr. R.K. Sinha, Director (HR), NTC; Mr. Deependra Singh, CMD, IREL; Mr. Kishor Rungta, Director (Finance), ECIL; Dr. Sanjay Kumar, Director (HR), WCL; Dr. B.P. Sharma, CMD, Pawan Hans Limited; Cmde A.N. Sonsale, CMD, NEPA Ltd.; Dr. H. Purushotham, CMD, NRDC; Mr. D.S. Sudhakar Ramaiah, Director (Finance) & CMD, PDIL; and Mr. Anupam Anand, Director (Personnel), Hindustan Copper Limited.

    Dr. U.D. Choubey, DG, SCOPE thanked all the Constituents and Contestants representatives present during the counting of votes. The new Executive Board of SCOPE will assume office w.e.f. 1st April 2017.
  • SCOPE Excellence Awards to CPSEs Announced

    Jury for the SCOPE Excellence Awards under the chairmanship of Justice R.C. Lahoti, former Chief Justice of India and distinguished panel of eminent persons comprising Padma Bhushan Shri Moosa Raza, former Secretary to the Govt. of India, Padma Bhushan Dr. M.B. Athreya, renowned Management Consultant, Shri C. Phunsog, former Chairman, Public Enterprises Selection Board, Shri Arvind Pande, former Chairman, SAIL and Dr. U.D. Choubey, Director General, SCOPE met and selected the Winners of the SCOPE Excellence Awards 2014-15. Soon after the Jury meeting, DG, SCOPE Dr. Choubey announced the names of the Award Winners.

    The Winners of the SCOPE Excellence Awards 2014-15 are as under:

    SCOPE Excellence Award – Individual Leadership Category-I (Maharatna/Navratna PSEs)
    Dr. Anoop Kumar Mittal, CMD, NBCC (India) Limited

    SCOPE Excellence Award – Individual Leadership Category-II (Miniratna I & II PSEs)
    Mr. A.K. Jain, MD, Rajasthan Electronics & Instruments Limited

    SCOPE Excellence Award – Individual Leadership Category-III (Other Profit Making PSEs)
    Mr. K.S. Popli, CMD, Indian Renewable Energy Dev. Agency Limited

    SCOPE Excellence Award for Outstanding Woman Manager in PSEs
    Ms. Pooja Kapoor, Head, Business Development, WAPCOS Limited

    SCOPE Excellence Award – Institutional Category I (Maharatna & Navratna PSEs)
    Rural Electrification Corporation Limited & National Aluminum Company Limited

    SCOPE Excellence Award – Institutional Category II (Miniratna I & II PSEs)
    ONGC Videsh Limited & Mineral Exploration Corporation Limited

    SCOPE Excellence Award – Institutional Category III (Other Profit Making PSEs)
    Electronics Corporation of India Limited

    SCOPE Excellence Award – Special Institutional Category (Turnaround)
    Goa Shipyard Limited

    Three Special Commendation Awards:
    1. Mr. B. Ashok, Chairman, Indian Oil Corporation Ltd
    2. Ms. Seema Gupta, ED, Power Grid Corporation of India Ltd
    3. Engineers India Limited
    4. WAPCOS Limited

    Dr. Choubey informed the media that the SCOPE Awards will be presented by Shri Pranab Mukherjee, Hon’ble President of India during the annual Public Sector Day Celebrations on 11th April 2017 at Vigyan Bhawan, New Delhi. The SCOPE Awards have been recognized as one of the most prestigious awards for public sector enterprises, he added.
  • CVC Inaugurates SCOPE International HR Summit 2017

    SCOPE organized two-day International HR Summit 2017 which was inaugurated by Shri K.V. Chowdary, Central Vigilance Commissioner in the august presence of Smt. Seema Bahuguna, IAS, Secretary, Department of Public Enterprises (DPE), Shri Ved Prakash, Chairman, SCOPE & CMD, MMTC, Dr. U.D. Choubey, Director General, SCOPE, Mr. Mukesh C. Gupta, Chief Technical Adviser, International Labour Organization (ILO) and other dignitaries. On this occasion, CVC also released the Special Issue of SCOPE house journal, KALEIDOSCOPE on “Global Competitiveness: Challenges and Best Practices in HR”.

    While inaugurating, Shri K.V. Chowdary, CVC said that HR today is facing a big challenge of managing the diverse workforce having diverse expectations and high ambition. He said that HR needs to identify areas of training that their employees need and advised HR executives to build a bond between employees and the organization. HR needs to be a facilitator in striking a work life balance that will have a huge impact on the quality of work the employees perform, he added.

    Smt. Seema Bahuguna, IAS, Secretary, DPE & Guest of Honour, advised HR professionals to constantly innovate, stay ahead of the curve and play a critical role to align itself with the organizational goals. She advised PSEs to formulate dynamic HR policies that will help them to create a niche with the globally competitive dmarket.

    Shri Ved Prakash, Chairman, SCOPE said that innovation and creativity have become important today as economies are knowledge driven. He said HR needs to invest in enhancing the competitiveness and skills of their employees.

    Dr. U.D. Choubey, DG, SCOPE advised PSEs to go extra mile and innovate, adopt and adapt for building a brand culture of PSEs. He said today HR is facing several challenges of creating corporate culture based on trust and community relations. While speaking on motivation, he said while extrinsic motivation provides measurable benchmark, intrinsic motivation goes a long way in fulfilling self actualization needs of the employees thereby creating more value for the organization and employees.

    Dr. Vinayshil Gautam, Sr. MD & Principal Economic Adviser, Protiviti India Member Pvt Ltd, Shri Mukesh C. Gupta, Chief Technical Adviser, ILO, Mr. Saptarshi Roy, Director (HR), NTPC & Summit Convener and Shri Anandorup Ghose, Partner, Aon Hewitt also addressed in the inaugural session which was attended by large number of CEOs, Directors and Senior Executives of public sector enterprises.
  • DG, SCOPE Addresses National Leadership Summit 2017

    Dr. U.D. Choubey, Director General, SCOPE delivered the Keynote Address at the National Leadership Summit 2017, organized by Sri Sharada Institute of Management Research. While speaking, Dr. Choubey said that corporate leaders of today have to move on the trajectory of transparency, integrity, responsibility and accountability which is linked to the brand culture of the organization. He advised that community relations is an important part of corporate leadership. He exhorted the leaders to incorporate shared value in their business strategies.
  • SCOPE committed to high standards of Occupational Health & Safety

    Dr. U.D. Choubey, Director General, SCOPE while delivering the keynote address at the 67th Annual National Conference of Indian Association of Occupational Health (IAOH) cautioned that Occupational accidents and diseases remain a cause of concern in corporate India. While apprising about the various emerging risks due to poor ergonomic working conditions, he suggested to have a centralized data on work related accidents and diseases. DG, SCOPE assured SCOPE’s full support for the cause of health and safety of the workers.
  • Mr. Ved Prakash, Chairman, SCOPE & CMD, MMTC and Dr. U.D. Choubey, DG, SCOPE met Cabinet Secretary, Mr. P. K. Sinha to discuss issues related to pay commission and other issues related to Public Sector Enterprises.

  • SCOPE Organizes Seminar on “Emerging Paradigms in Financial Communication & Investor Relations”

    SCOPE organized a two-day Seminar on “Emerging Paradigms in Financial Communication and Investor Relations” which was inaugurated by Mr. Neeraj Kumar Gupta, IAS, Secretary, Department of Investment & Public Asset Management (DIPAM) in the presence of Mr. Ved Prakash, Chairman, SCOPE & CMD, MMTC, Dr. U.D. Choubey, Director General, SCOPE, Mr. Subhomoy Bhattacharjee, Consulting Editor, Business Standard, Mr. R.K. Singhal, ED (CA), SAIL and Professor Jaishri Jethwaney, Lead Resource Person.

    While inaugurating, Mr. Neeraj Kumar Gupta, IAS, Secretary, DIPAM said that public sector enterprises are national wealth and they need to expand their economic activity and leverage their strength. He mentioned that the objective of disinvestment is to widespread of ownership in PSEs. The government will provide handholding to PSEs to reach out prospective investors both domestic and foreign, he added.

    Mr. Ved Prakash, Chairman, SCOPE while delivering the presidential address, said that over the years, face of communication has changed drastically and is imperative in reinforcing positive stimuli for organization and hence, in fostering a strong relation with the investors and stakeholders. He said that most important thing in financial communication is transparency and readiness to share information with the investors.

    Dr. U.D. Choubey, DG, SCOPE said that there has been changing concerns and perceptions in terms of financial communication and investor relations. PSEs have great responsibility of following the corporate governance, transparency, monitoring of strategy and its implementation, that will improve the relations with the investors and build up a better brand image of the company. DG, SCOPE highlighted the impressive performance of public sector.

    Mr. Subhomoy Bhattacharjee, Consulting Editor, Business Standard said PSEs being a part of the Indian State and their action can have wide ranging impact on their shares. He complimented PSEs for creating infrastructure, raising productivity in building a strong nation. Professor Jaishri Jethwaney shared the Programme Perspective while Mr. R.K. Singhal, ED (CA), SAIL proposed vote of thanks.The Seminar was attended by a large number of senior executives of public sector enterprises
  • 43rd AGM of SCOPE Held

    The 43rd Annual General Meeting of the Governing Council of SCOPE (the apex body of PSEs) was held on 28th December 2016. Mr. Ved Prakash, Chairman, SCOPE & CMD, MMTC and Dr. U.D. Choubey, Director General, SCOPE addressed the Governing Council Members. Large many representatives of PSUs were present on the occasion.

    Mr. Ved Prakash, Chairman, SCOPE in his address informed that SCOPE has transformed its role to become more proactive to enable the PSEs to compete in today’s highly dynamic global environment. He thanked Chief Executives of member PSEs for the support extended to SCOPE all these years for the sustained performance and growth of Public Sector Enterprises (PSEs) in India. Chairman, SCOPE also welcomed the Indian Government’s move about demonetization of higher value currency notes. He said that SCOPE and Public Sector Enterprises welcome this key economic initiative of the Government of India, which is expected to improve the country’s economy.

    Dr. U.D. Choubey, Director General, SCOPE gave details of account of various activities and initiatives of SCOPE. While highlighting the details, Dr. Choubey said today HR policies need to be in sync with the business strategies of the organization. Realizing the transformational change required to converge HR into a line function, SCOPE will be organizing the International HR Summit in February next year to share best HR practices adopted globally in both public and private sectors, Dr. Choubey informed.
  • SCOPE Organizes Awareness Program on GST

    SCOPE organized a program on GST with theme “All you wanted to know” for senior finance executives of public sector enterprises.

    While inaugurating the program, Dr. U.D. Choubey, Director General, SCOPE said that GST is one such move for convergence of taxation system which is otherwise highly complex and heterogeneous. Pointing out the benefits of GST, Dr. Choubey said that it would, besides making a full prove mechanism for taxation on goods & services, will further strengthen the federal structure of the country. GST would benefit everyone in the supply chain and a lot of indirect taxes will have smooth sailing, he added.

    Dr. Choubey said that the economic recession of 2008 gave lesson that consolidation of Sovereign holding in the capital is a better option as compared to capital in the private hands. He further added that Public Sector Enterprises in India during the period of recession reflected 3.7% growth whereas world over the growth was negative. This was because Indian PSUs are based on the concept of mixed economy.

    Besides Dr. Choubey, Mr. K.G. Somani, FCA, Managing Partner, KGS Advisors LLP and Mr. R.P. Tak, FCA, Partner, KGS Advisors LLP, also addressed the Program which was attended by a large number senior finance executives of public sector enterprises.
  • SCOPE to hold International Conference of SE Asian Countries on Occupational Safety & Health

    SCOPE organized the 6th National Workshop on “Excellence in Occupational Safety & Health at Workplace” in collaboration with Ministry of Labour & Employment and International Labour Organization (ILO). Mrs. M. Sathiyavathy, IAS, Secretary, Ministry of Labour & Employment while inaugurating the workshop complimented SCOPE for organizing Workshop on OS&H. She emphasized the need for creating a centralized body drawn from select PSEs to address the issues of safety and health of workers in major industrial clusters. It will also provide a centralized data on all aspects of labour. She also advised that PSEs as principle employer should take up issues of health and safety of contract labour.

    Chairman, SCOPE Mr. Ved Prakash stressed on creating a safety culture in the organization(s) as new issues are emerging because of technological and social changes. Dr. U.D. Choubey, Director General, SCOPE while agreeing to form a Steering Committee of select PSEs in SCOPE, said that SCOPE proposes to organize a Two Day International Conference on OSH with the support of ILO & Ministry of Labour & Employment and WHO where South Asian countries will participate. The programme was attended by a large number of OSH professionals in public sector enterprises.
  • DG, SCOPE Participates in 9th OECD Asia Network on Corporate Governance in Seoul

    The 9th meeting of the OECD-Asia Network on Corporate Governance of State Owned Enterprises was held on 6th and 7th December 2016 at Seoul, Korea where Dr. U.D. Choubey, Director General, SCOPE had been invited to speak on “Reforms in Public Sector Enterprises in India”.

    Speaking on this occasion, Dr. U.D. Choubey, DG, SCOPE highlighted the achievements of public sector enterprises and said that Indian PSU model is best suited for the socio-economic development of the country. He told that Indian Constitution has envisioned mixed economy for socio and economic growth of the country and as such both public sector and private sectors are flourishing equally. Foreign Direct Investment has been encouraged and incentivized in various sectors of the economy, he informed.

    Dr. Choubey mentioned that Indian public sector has played a role model by reflecting positive growth during and after the recession and economic melt down the world witnessed in 2008-09. This is the reason now consolidation of sovereign holding of the capital is being encouraged by most of the countries. As a role model, India has shown the way for better policy perspective for a welfare state, he added.

    Dr. Choubey said it is now being realized that State capitalism is better than leaving the capital in the hands of private as State capitalism provides better welfare of the people as well as bridging the gap between rich and poor. The recent exercise of the demonetization in India introduced by Prime Minister Narendra Modi has been one of the giant step towards a people welfare state and will certainly take care of large many of the economically deprived class.

    Public sector in India will continue to play major role of economic and social activity, said Dr. Choubey.
  • SCOPE Advocates Mandatory Orientation Programme for PSE Board Members

    Speaking in the valedictory session of the two-day Programme on Corporate Governance, organized by SCOPE on 1st & 2nd December 2016, Ms. Seema Bahuguna, Secretary, Department of Public Enterprises (DPE) complimented SCOPE for undertaking very important programme on Corporate Governance outsourced from internationally known experts on Corporate Governance.

    Ms. Bahuguna mentioned that community relations is an important aspect of governance, and therefore, public sector enterprises should undertake such responsibility in letter and spirit.

    Dr. U.D. Choubey, Director General, SCOPE emphasized the need of mandatory orientation programme of Directors specially Independent Directors on the boards of PSEs. For that, SCOPE shall extend this module of two days programme in India to three days programme outside India for which SCOPE shall contact policy planning institutes and best known universities in the world. Given to SCOPE, such programme would definitely give better performance of board members on best practices in corporate governance, Dr. Choubey added.
  • SCOPE foresee large employment opportunity in Steel Sector

    Speaking on the occasion of release of Special Issue of Kaleidoscope (a journal of SCOPE) on Steel Sector, Shri P.K. Singh, Chairman, Steel Authority of India Ltd (SAIL) expressed his optimism for large many employment opportunity in Steel Sector for young engineering and management graduates.

    Dr. U.D. Choubey, Director General, SCOPE expressed his opinion that that India being the only market where there is scope for large consumption of steel in all the sectors, particularly because of the entire rural area need to have scope for infrastructure, construction, transporting, manufacturing, plant and machinery and packing.

    Shri Nirmal Sinha,Chairman, SCOPE & CMD, HHEC and Shri Ved Prakash, Vice Chairman, SCOPE and CMD, MMTC complimented for the efforts taken by SCOPE in this regard. The function was attended by a large number of participants from various public sector enterprises.
  • SCOPE for extending the ambit of RTI to Non-Government Sectors

    Speaking in the 11th Annual Convention of Central Information Commission (CIC) Dr. U.D. Choubey, Director General, SCOPE strongly pleaded for extending the provisions of RTI to non-government sectors by way of widening the definition of “public money”.

    While reaffirming the commitment of Public Sector in implementing RTI in both letter and spirit, Dr. Choubey told that corruption is a common cancer for both public and private sector. Both are holding tax payers money, invested in plant, machinery and day to day working capital. As such, all account payee money is public money and unaccounted money nothing but black money. Therefore, by way of widening the definition of “public money”, all enterprises, public or private, could be brought under the ambit of RTI and CAG.

    Dr. Choubey said disparities between public and private sectors with regard to applicability of RTI has always hampered the competitiveness of public sector enterprises because whereas private sector have right to get lot of information from public sector but for public sector, the vice versa is not true under the present legal framework.

    Dr. Choubey appreciated and complimented for introducing RTI and empowering the people of India which in turn has promoted confidence of investors and brand of public sector enterprises not only in domestic but also in international market. The Annual Convention was inaugurated by Hon’ble Home Minister.
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