Subir Raha honoured with Petrotech Lifetime Achievement Award
15/10/2012 | The Petrotech Society, India

Raha was felicitated for his outstanding contribution to the hydrocarbon sector.

The Petrotech Society felicitated veterans from across the hydrocarbon industry with the Lifetime Achievement Award for their outstanding contribution to the overall development of the sector. The awards were presented by Shri Pranab Mukherjee, Hon’ble President of India at the glittering inauguration of PETROTECH 2012 held at Vigyan Bhawan today, in the presence of Shri S Jaipal Reddy, Hon’ble Minister, MoP&NG , Shri RPN Singh, Hon’ble MoS, MoP&NG, Shri GC Chaturvedi, Secretary, MOP&NG, Shri Sudhir Vasudeva, Chairman, ONGC, Shri RS Butola, Chairman, IndianOil and other dignitaries.

Shri MA Pathan, former Chairman of IndianOil, was honoured with the award for his significant contribution towards the evolution and formation of policies in the Indian Oil & Gas sector. Shri Pathan has also played a crucial role in strategising operations of governments and companies in other countries.

Former Chairman of Bharat Petroleum, Shri Uppiliappan Sundararajan, instrumental in transforming Bharat Petroleum into a customer-focused company and the Convener of the Sundararajan Committee Report that paved the way for early deregulation of the petroleum industry in India, was also felicitated on the occasion.

Late Shri Subir Raha, ex-CMD transformed ONGC from a sectoral E&P company into a global Integrated Energy Major and expanded the company’s operations from one property in one country to 24 in 14 countries. His wife received the honour amidst a thunderous reception.

Dr. Sawaran Jit Chopra, popularly known as the ‘Solvent Extraction Man’, nurtured a dream to build the R&D capability and a full-fledged R&D Centre for EIL. He was bestowed the award for his contribution to R&D and his innovation in Sulpholane Extraction Technology that paved the way for subsequent development of Solvent Extraction Technologies in the hydrocarbons sector.

H.E. Abdulla Bin Hamad Al Attiyah, as Energy & Industry Minister and Dy. Prime Minister of Qatar, has played a pivotal role in building a complete hydrocarbon value chain in Qatar, including the upstream, downstream, transportation, re-gasification etc. apart from many diversification initiatives in the energy sector. He was also conferred the honour by Petrotech.

The award includes the silver Petrotech oil drop memento, a citation, a shawl, and a cash prize of INR 5,00,000.

Shri Raha's citation reads:

Late Shri Subir Raha transformed ONGC from a sectoral E&P company into a global Integrated Energy Major and India's most valuable company, increasing its market capitalisation from Rs. 20,000 crore to over Rs. 200,000 crore within five years. Concurrently, he made ONGC Videsh India’s biggest MNC, expanding its operations from 1 property in 1 country to 24 in 14 countries. During his tenure as C&MD, ONGC created more wealth than any other business enterprise, ever, in India.

Shri Raha turned 'terminally sick' MRPL's net loss of Rs. 430 crore into a net profit of Rs. 460 crore in one year, considered the best and fastest corporate turnaround in India.

During his three decades at IndianOil, culminating at Director (HR), several of Shri Raha's innovations became industry standards, including the introduction of real-time automated product terminals, retail outlets with convenience stores & ATMs, India's first in-house MBA programme, and its first global-scale ERP implementation.

The Petrotech Society is privileged to express its appreciation to late Shri Subir Raha for his stellar contribution to the Indian Oil and Gas Sector and confer on him the Petrotech Lifetime Achievement Award - 2012.

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