Essar Oil Ltd. Wins Skoch BSE Awards for Energy Conservation & Environment Management

Essar Oil Ltd. has been conferred with the Skoch BSE Award in recognition of its energy conservation and environment management initiatives. This is the second time that the company has been awarded for its commitment to green initiatives.

Mr. Lalit Kumar Gupta, Managing Director and Chief Executive Officer of Essar Oil Ltd, accepted the award from Mr. Rajeev Agarwal, whole-time Director of SEBI, at a glittering ceremony held at the  BSE Convention Hall in Mumbai on 9 June 2016. Mr. Sameer Kochar, Chairman-SKOCH Group, and Mr. Ashish Chauhan, the CEO of BSE, were present at the event.

Essar Oil’s OneEOL project was also the proud recipient of the Order of Merit at the Skoch Summit. Mr. Harsh Bhosale, Sr VP and Head-HR, Mr. Vijay Deshpande, GM-HR for corporates and markets, and Mr. KC Swain, Head-Technical at the refinery represented the company.

Essar Oil received a total of five awards, including the ones for environment management, energy conservation and Best HR Management Practices.

Mr. Gupta said, “The award stands testimony to the efforts of Essar Oil Ltd.’s Refinery team to institute sound environment management practices. We have consistently demonstrated the highest levels of commitment to environment management and energy conservation.’’

Every year, the Skoch BSE awards are conferred on corporates who demonstrate outstanding business leadership, while simultaneously contributing to India’s socio-economic growth. They recognise Indian organisations who demonstrate strong leadership, a commitment to improving the sectors they operate in by creating stakeholder value, improvements in business process and quality, and a focus on skill development, employment generation and good corporate citizenship.

About Essar Oil Limited

Essar Oil Limited is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail. Essar Oil owns India’s second largest single site refinery having a capacity of 20 million tonnes and complexity of 11.8, which is amongst the highest globally. It has a portfolio of onshore and offshore oil & gas blocks with about 1.7 billion barrels of oil equivalent in reserves & resources. There are over 2,200 Essar-branded oil retail outlets in various parts of India, with more than 2,800 under various stages of implementation.