The Institute of Economic Studies (IES) has selected Chairman and Managing Director of Singareni Collieries Company Ltd N. Sridhar for its Outstanding Global Leadership Award in recognition of the latter’s leadership skills in improving the performance of the company over the last four years.
The award would be presented at the global economic summit to be held at Dubai on June 28. It is the second international award to be received by the top executive of the SCCL this year with the Enterprise Asia presenting him the Asia Pacific Entrepreneurship award for 2017, according to officials.
In a letter sent to SCCL, Executive Director of the Institute of Economic Studies, Sangeetha Singh, stated that the award would also comprise a gold medal and invited Mr. Sridhar to attend 28th global economic summit to be held in Dubai. It said ‘IES confers the leadership award to financial experts, parliamentarians, financial research experts for India’s financial stability’.
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Officials of the SCCL stated that the company has gained international recognition along with scaling up its performance during the last four years.
The company’s turnover has increased from ₹11.928 crore in 2013-14 to ₹22,667 crore in 2017-18.
Similarly, profit of the company has also gone up from ₹419 crore to ₹1,200 crore during the last four years, registering an increase of over 186%.
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