Shipping Corporation Of India Wins Dun & Bradstreet – Rolta Corporate Award
Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced the Dun & Bradstreet – Rolta Corporate Awards 2010.
The awards felicitated 54 of India’s leading corporate names across sectors. The occasion also marked the launch of the eleventh edition of Dun & Bradstreet’s premier publication, ‘India’s Top 500 Companies 2010’.
The Shipping Corporation of India Ltd., was honoured with the Dun & Bradstreet – Rolta Corporate Awards 2010 in the Shipping sector.
The D&B-Rolta Corporate Awards 2010, closely tied to D&B’s study on India’s Top 500 Companies 2010, seek to recognize the twin virtues of size and growth in corporate India.
Speaking at the Awards ceremony, Mr Kaushal Sampat, President & CEO – India D&B said “The consistent growth and resilience shown by corporate India is a testimony to the strong economic fundamentals prevalent in the economy. The first three quarters of FY11 remained robust with a renewal in demand across various sectors. The same has been aptly covered in D&B’s India’s Top 500 Companies 2010, reflective of the changing trends in domestic economy; thereby helping these companies to achieve a healthy 19.4% total income growth in FY11 as compared to a meager 0.6% growth for the corresponding period in the previous year.”
“The publication also saw 46 new companies making their debut in this edition of the Top 500. Of these, 8 were newly listed companies. I would like to congratulate the 46 new entrants to the Top 500 and all the award winners,” he added.
Speaking at the awards ceremony, Mr. S. Hajara, Chairman and Managing Director said, “It is a great pride to accept the Dun & Bradstreeet – Rolta Corporate award 2010, for SCI. The Shipping Corporation of India Ltd, (SCI) a Navaratna Public Sector Undertaking and a flagship organisation of our country is celebrating its Golden Jubilee Year and shall be completing 50 years of its dedicated service to the nation on 2nd October 2011. Therefore, receiving this award in the Golden Jubilee Year of SCI is of great significance.”
He added, “SCI is the largest shipping company in India holding about 34% of the shipping tonnage capacity of the country. For the past fifty years, SCI has been providing yeoman service to the country’s economy by meeting the ocean transportation requirements. Today, the progress of Shipping Corporation of India has become a synonym for the progress of country’s growth in the Shipping sector. The SCI has also been instrumental in establishing a significant place for our country, as a strong maritime nation, on the Global Maritime map. The Dun & Bradstreeet – Rolta Corporate award 2010 therefore truly recognizes the contributions made by the SCI for the growth of country’s maritime sector. I am thankful to the entire team of Dun & Bradstreeet for granting this award to the SCI in its Golden Jubilee year.”