Mobility in oil & gas 1

Lending money safely this season 3

Petrol pumps on sale 5

Volume- | Issue- | November,

From the Editorial Board

I've always believed that if you put in the work, the results will come.

We, at SPM totally believe in this philosophy of Michael Jordan. We believe that something done diligently, with a genuine motive always has its rewards.

On the campus front, it is the placement week approaching from 25th to 30th November. The PGP-12 Energy and Infrastructure batch will be approached by the top notch companies from vari-ous sectors to help them pave way for their excellent career road ahead. The SPM family extends a warm welcome to all the recruiters. The PGP-13 batch wishes a very best to our beloved senior batch who has been a friend, philos-opher and guide throughout.

This issue of the Mirror touches upon the most recent trends in the market through several arti-cles including: Petrol Pump on sale, An Opinion on Current RBI policy and as a novel approach to the SPM Mirror, a stanza on Time Management.

Mirror offers a platform for students to express their experiences and views. We hope that it par-takes in the process of acquiring knowledge and becomes a name to associate with.

Editorial Team: Anu Mary Tom, Darshit Paun, Muzaffar Waris, Poornima Kulkarni, Suman Rathod, Swapnil Rayjada

Editorial Advisor: Dr. Pramod Paliwal

Director’s Message

Placements are the most arduous days at any business school! The ‘students’ suddenly take on a new avatar of ‘candidates’ and many of them you may not even recognize in their new avatars. Air of competition and cooperation is thick on campuses. Friends become foes and new relationships are forged overnight. These are times that test the mettle of the true leader – one able to manage himself and his colleagues in times of external and internal turmoil.

A good business school has to focus not only on the curricular learning of the students but also needs to impart learning of the realities of life and how to manage oneself under self defeating situa-tions. Largely covered under the name of ‘life skills’ young students need to appreciate and understand the pressures and demands of modern day life and the need to support a proposition which is in the larg-er good though may not be personally benefiting. There may not be classes scheduled for such learning but events and activities with students volunteering and taking charge right from ideation to planning to organizing to implementing to reporting of the end results lead to a lot of learning of this other kind.

It thus becomes imperative for any good business school to create an environment and provide opportunities for students to develop themselves through other than academic activities. The challenge now for the management of business schools is to balance the formal and informal learning in a con-trolled manner. And that is where dedicated and involved faculty makes the big difference.

At School of Petroleum Management, PanditDeendayal Petroleum University, Gandhinagar we make all efforts to create the environment and opportunities for students to organize a number of events on their own and also seek their participation in institutional activities. I feel proud to put on record the great success events organized at SPM have achieved in form of knowledge and experience generation and also the strong impression we have been able to make on external stakeholders through flawless planning and implementation of such events and programs.

Moreover making great events in-house is not sufficient and fulfilling, one has to prove oneself on external turf to realize true potential and achieve laurels. Again my students make me proud by win-ning competitions and contests at other institutional and corporate events. SPM faculties through their research and publication have brought laurels to SPM-PDPU establishing their expertise and acumen.

Season’s Greetings!

Dr. Hemant Trivedi

Director,

School of Petroleum Management, PDPU,

GANDHINAGAR (Gujarat)

SPM MIRROR|NOVEMBER

Mobility – A new wave in the Oil and Gas

F rom the manufacturing industry to utili-ties and beyond, today’s endeavours portrays how a mobile workforce can appreciably perk up effi-ciency in a phase challenged by restricted invest-ments into work force development, capacity addi-tion and automation. As the thin line of disparity between personal and work “time and space” is fading away, employees are “always-on”. Employ-ees are not comfortable to switch between work and personal devices and applications, the reason for which is the multi-functionality Smartphones. This has led to development of secure and contain-erized mobile solutions on personal devices to sup-port the day-to-day operations, which will be a re-ality soon.

Until sometime, the oil and gas industry believed that ERP solutions working on various business intelligence tools are the real game changers. And at the same time as a larger segment of the industry is still in the process of implementing these solu-tions to get a hold on higher margins through well processed and structured information, we are al-ready facing a new wave – mobility. If we look at the oil and gas industry structure, the perceived value of mobility is very clear: increasing produc-tion with the help of “information at the finger tips.” Valero Energy’s annual savings of $120M only through dashboards on a mobile platform speaks for itself. (Enterprise Mobility Accelerates ROI for Oil & Gas Industry, 2013)

The market leaders will have information on-

demand to base their operational decisions on pro-duction value, safety and accident management, resources management, maintenance and entire supply chain management till the customer deliv-ery step. In this market environment, the super – majors along with key service providers have start-ed investing into the mobility business. And this is good news as the oil and gas companies are taking a plunge into shifting from their traditional im-provement process to unconventional methods to reduce their costs. Information Technology plays a very important role in this scenario. And the bene-fits derived from mobility solutions are not only limited to reducing costs but also enabling better production rates. To take the full advantage of what exactly mobility can offer requires the IT of-ficer to follow an associated approach and consider both the sides of the coin. On one side, the need is to create an environment that promotes the search of innovative technology solutions, which reduces the cycle time. It will be very critical to bypass the entire approval process cycle for fast-tracking such solutions. On the other side, IT has a new role in hand. It has to check for the value capture opportu-nities and develop related mobile services. Now, the IT officers are focussing on moving away from their stereotypically expected role of providing low cost enterprise service.

The most important challenge in deployment of mobile solutions is the variances in the device plat-forms. Although we have seen that heterogeneous platforms exist in the market, but still a limited number succumbs to the high bandwidth require-

Kinnari Pandya, PGP12

SPM MIRROR|NOVEMBER

ment and the rugged design required in this indus-try. With the research for the same going on, busi-nesses have already ex-plored the opportunities in applications where limited deployment is a possibility. Dashboards, data visualization, pro-duction maintenance and parameter modelling in reservoir management are some of the examples. Other significant applications include safety and incident management, virtual presence and well-informed, real time decision making such as pric-ing, trading and inventory management.

The mobile applications can be clubbed into three segments based on their key requirements, which includes:

1. Stand Alone In-site applications which do not involve any data exchange at all.

2. Field Applications, that works on limited da-ta support with the enterprise.

3. Decision Making/ enterprise applications, the primary use of which is assisting in the exec-utive decision making process.

High Return on Investment for the businesses and the prospective of quick sales growth are the influ-encing factors for developing “make-for-purpose” mobile applications. Businesses typically begin working with the first segment of applications. They encourage and ideate as many mobile appli-cations at the field level, develop an investment analysis and outsource the job to IT for sourcing, developing and finally deployment. Productivity can be improved greatly by simple applications like asset management applications, field diagnos-tic techniques and knowledge management appli-cations. One feature that leverages the growth of

this type of solutions is their “retail” nature as in it is less expensive than the traditional enterprise solutions.

Looking from the IT (supply side) perspective, the best way to start is to get a hold on some areas like mo-bile security, enterprise re-

architecting for mobile applications and developing a framework for in-frastructure support and governance. Interface development needs a high

level of collaboration between the oil and gas busi-nesses, vendors and IT, majorly for the second seg-ment of applications.

Vendors like SAP, Oracle and IBM are working on building interfaces for mobile solutions which will allow mobile devices to support much functionali-ty.

Oil and Gas companies have already jumped into the wave of productivity gains through mobile so-lutions. Rapid progress is made by vendors and companies to exploit the technology to the maxi-mum potential. A very famous example of solution vendor Invensys collaborating with Chevron to provide mobile solutions for managing the up-stream operations. Mobility in true sense is a game changer for the industry. By accepting mobility, the leaders will be in a position to support higher development with the help of on-demand infor-mation. And lastly, an “always-on” employee defi-nitely contributes to productivity enhancement and will have greater convenience for himself.

References

E terprise Mo ility A elerates ROI for Oil & Gas I dustry.

, Mar h . Retrie ed August , , fro

htp:// log.dro a o ile. o /e terprise- o ility-

a elerates-roi-for-oil-gas-i dustry/

SPM MIRROR|NOVEMBER

Lending money safely this season

W ith RBI announcing the second

quarter of its monitory policy in late October,

Raghuram Rajan and company took the measures

anchoring the increasing inflation rate in the coun-

try. As expected by most banks and investors RBI

hiked the repo rate by 25 bps from 7.5% to 7.75%

increasing the cost of long term borrowings for the

banks. However, RBI also cut the MSF (Marginal

Standing Facility) rate by 25 bps from 9% to

8.75%, increasing the short term liquidity for the

banks, very important as the festive season ap-

proaches. In the policy announcement, RBI also

raised the liquidity provided through term repos

from 0.25% of NDTL (Net Demand and Time Lia-

bilities) to 0.5% of NDTL. This will ease the short

term liquidity for the banks.

After the rupee stabilization, Inflation has been the

key issue on the cards for RBI. Since WPI

(Wholesale Price Index) was only a partial indica-

tor of the inflation RBI had also been taking into

account the CPI (Consumer Price Index), since

CPI is an effective indicator of inflation faced by

common people. In times when the retail inflation

(CPI) is up by 18.40% mainly driven due to the

high vegetable prices and also WPI up by 6.46%,

there is often short term liquidity crunch at the

consumer level as well as for the SMEs (Small and

Medium Enterprise) and the emerging businesses

especially during the time of festive season. By

providing ease in short term liquidity through cut

in MSF rate and increase in term repos for 7-day

and 14-day loan period, the rates of short term

loans would remain low.

However when the ease of liquidity to the banks

have been provided by RBI what needs to be

checked is the quality of loans that the bank issues.

The NPAs has been a growing concern for the

banks this year with the gross NPAs of 40 publicly

traded banks rising by 40% to Rs 2.08 trillion1,

there arises a significant need to manage the NPAs.

Due to the stricter norms enforced by the govern-

ment it becomes difficult for public sector banks to

recover these assets. As recently said by Ms

Arundhati Bhattacharya, chairperson, SBI, in a TV

interview, the bank needs to carry out two rounds

of auction before capitalizing these assets and the

capitalization is also a very time consuming proce-

dure which also leads to deterioration of the assets

being capitalized at a lower value than expected.

The growing NPAs and their late recovery causes a

number problems for the banks. First and foremost

Darshit Paun, PGP13

This article was originally published on www.ideasmakemarket.com

htp:// .ideas ake arket. o / / /le di g- o ey-safely-this-seaso - ill.ht l

SPM MIRROR|NOVEMBER

impact is on the liquidity of the bank. The capital

which is lent out when not received in time causes

the short term liquidity crunch for the banks due to

which they have to borrow short term capital from

RBI or other banks which further increases the

costs of the banks. This also results in genuine bor-

rowers unable to borrow money. Another impact is

on its profitability, the accumulating NPAs spoils

the balance sheets and the opportunity cost in

terms of profits being able to invest elsewhere is

lost which hinders growth. Another impact is in

terms of the credit that the brand has got in the

market is lost.

Analysis of the sector wise NPAs on year on year

basis in the BCG’s report on Indian banking gives

an indication that the gross NPAs in retail sector

has reduced while that in Agriculture, MSMEs,

and corporate has increased by an average of

1.26% as compared to last year2. A sizable chunk

of these NPAs is contributed by large firms with

most of them having a presence in energy and in-

frastructure sector accounting for 14% of the total

NPAs. The infrastructure sector being crucial for

the development of any country holds significant

importance in terms of investments. The rising

NPAs in this particular sector is mainly due to lack

or delayed forest and environment clearances and

land acquisition and rehabilitation settlements ex-

tending the timeline of the project. With the new

the new Land acquisition and rehabilitation bill in

place, the process is likely to speed up helping the

projects to meet their deadline and thus decrease

the NPAs in this sector in upcoming financial year.

Another important contributor to the growing

NPAs has been the power sector. The rising NPAs

in this sector has been due to the rising fuel side

concerns, government’s pressure to keep the elec-

tricity prices low despite rising production costs,

and AT&C losses. The rising fuel costs and in-

creased dependency on imported fuel with increas-

ing rupee dollar exchange rate has shut down many

power plants unable to recover their costs and thus

accounting for as NPAs. The studies carried out by

SBI capital markets show that the AT&C losses in

some states has been as high as 50% making

AT&C losses an important factor leading to rising

debts in this sector.

Given the government’s enforcement to continue

the priority sector lending and the economic slow-

down in the current financial year, it would be dif-

ficult for the banks to manage the rising NPAs.

Given the liquidity that is poured in by RBI this

festive season, the banks really need to take into

account deeper data analysis and research before

lending the money out.

References

1. http://www.livemint.com/Industry/

FbF4bYsZH3AaepqsFrBRJM/Banks-name-defaulters

-but-hesitate-on-publishing-photos.html

2. www.fibac.in/ConsistencyQualityResilience.pdf

SPM MIRROR|NOVEMBER

Petrol Pump on Sale !!

Y ou would have been surprised at the title of the story, as petrol pumps are profitable busi-nesses with good returns. However, gone are the days when the owners of these pumps were satis-fied with decent earnings. As rural penetration in the urban world increases with job openings and the service sector contributing nearly 56% of the GDP, land prices have become sky high. This has tempted many owners of petrol pumps in Metro cities i.e. Delhi, Mumbai, Chennai, Bangalore and Kolkata to sell their primary centrally-located pumps to the real estate players for the building of malls, residential complex etc.

OMCs (Oil Marketing Companies) in India are al-ready facing problems of late payment of under recoveries and this new trend of selling has trig-gered panic among the companies. As per the con-tract with these companies, after the expiry of con-tract, petrol pump owners are free to use land for any purpose without any liability. There are many pending court cases and studying the time frame of disposal off of such cases, the future looks bleak. Companies even understand that the sheer will of the dealers cannot be broken even though there are plenty of court cases between the company and dealer running parallel. Owners of the pumps find selling of pumps more lucrative due to windfall profits, rather than carrying out operations as pump owner. Soon, you will find that the commuter may have to travel to outskirts to refuel their vehicles

and this will add to the burden on the consumer who is already facing the heat of rising petrol pric-es.

Well, sudden situations and mammoth problems give rise to a new business opportunity .It is too early to say, but City Gas Distribution Players in Mumbai are trying to capitalize on this situa-tion. CGD has an advantage of 24 hours gas pipe-line connectivity to a plethora of societies. An ex-periment was conducted by a CGD player, which provides a special pipe to fill gas in gas kits of your car at night. Though there were challenges of pressure maintenance, results look encouraging. The monotony of long queues and traffic is less-ened with this innovative experiment, which also provides an alternative solution to the decreasing number of petrol pumps in a city like Mumbai. Well, the experiment does face operational chal-lenges but provides a lesson on how to capitalize on this upcoming new problem and a new oppor-tunity for CGD to grow; certainly something to smile about for players in CGD.

Soon a plan may be floated by OMCs to all its ex-isting and new petrol pump owners to tackle such a situation by introducing more stringent contracts. Well, it seems pretty difficult to retain the large number of pump owners of metro cities who are attracted to exponential land prices. You may find in the near future that malls and daily necessity shops will be much more in action, with petrol pumps now situated on the outskirts of the city. Petrol pumps will try to facilitate the customer by also having the malls and shops in its pump com-

Siddhartha Bhatnagar, PGP13

SPM MIRROR|NOVEMBER

plex. Customers will plan to travel to the outskirts to refuel and will try to include more activities like buying of ration, clothes etc in the petro complex. Thus, the concept of non-fuel retailing which has

not blossomed in India will come into the picture.

There is a possibility of two different outcomes in the near future, but the problem faced by OMCs raise an alarm and provides an outlook on chal-lenges every business faces in turbulent times. Time will decide how companies cope with this unique problem of retaining existing petrol pumps.

References

1. http://articles.economictimes.indiatimes.com/2013-08-02/news/41008348_1_petrol-pumps-fuel-retailer-

landowners

2. http://articles.economictimes.indiatimes.com/2013-02-19/news/37179855_1_pumps-petrol-and-diesel-essar-oil

3. http://www.firstpost.com/economy/realty-greed-may-

see-closure-of-88-mumbai-petrol-pumps-

1005019.html

Nov 21, 2013

Corporate guest lecture series is one of the integral components of SPM pedagogy. The students were enlightened on “Lessons of Amul in Overcoming Business Management and Marketing Challenges” delivered on 20th November, 2013 by Mr. R.S. Sodhi, Managing Director at Gujarat Cooperative Milk Marketing Federation (GCMMF). It was an interactive session which highlighted the current industry scenario in the milk manufacturing and distribution industry with a special focus on Amul’s business model. The statistical facts of the company in terms of its supplier base as well as customer base were also discussed. He also talked about the core philosophy of Amul which is both Value for Money and Value for Many. An insight was

given about the social impact that Amul as a company have made in the Indian society like empowerment of women, generating employment and maintaining the urban-rural balance. He also talked about various challenges and repercussions that a business like Amul faces given the existing small district level competitors in the country. The session ended with intellectual questions from a highly talented pool of SPMites.

Mr R. S. Sodhi, MD, GCMMF

Corporate Lecture series

SPM MIRROR|NOVEMBER

Films Bridge cultures best: Pandit Deendayal Petroleum University study

A HMEDABAD: Watching films can im-prove cross-cultural management skills, says a study that featured among the most downloaded research papers in the European Journal of Train-ing and Development. The paper by Dr Satish Pan-dey fromPanditDeendayal Petroleum University (PDPU) shows the advantages of using films as a tool to educate students on cross-cultural manage-ment.

Pandey's paper titled 'Using Pop-ular Movies in Teaching Cross-

Cultural Manage-ment' highlights the use of two Hollywood mov-ies 'Outsourced' and 'My Big Fat Greek Wedding' in his classroom course 'Managing cross-cultural issues' at PDPU. "Students were asked to submit reflection notes about the course with specific references to these movies. A qualitative analysis was then done," says Dr Pandey.

The author observed that students find movies an interesting source of theoretical and practical learning and more relevant to real life situations. According to the study, they understood issues re-lated to cross-cultural diversity at workplaces bet-ter when they watched a film. "It is seen that mov-

ies helped sensitize students on how to manage diverse, cultural environments; to develop skills for diagnosing and understanding heterogeneity of cultures and to function effectively in different cul-tural environments. 'Outsourced' particularly helped emphasize the need for cross-cultural train-ing for persons posted on overseas assignments," the paper says.

While 'Outsourced' shows how a foreigner visiting India gets a culture shock but adapts to the coun-

try's manner of working and im-proves his cultur-al intelligence, 'My Big Fat Greek Wedding' explores culture shock in the con-text of family and social environ-ment. The paper concludes that popular movies, if appropriately

chosen, are included in cross-cultural training for expatriate managers, immigrant workers and man-agers who travel to different countries, could be useful tools for developing multicultural perspec-tives and cross-cultural competence.

The paper was shortlisted for the best paper award of Journal of European Industrial Training at the 12th International HRD Conference, organized by AHRD, UFHRD and the University of Gloucester-shire.

FACULTY FOYER

htp://ari les.i esoi dia.i diai es. o / - - /ah eda ad/ _ _pa dit-dee dayal-petroleu -

u i ersity-pdpu- ulture-sho k

-Runa Mukherjee Parikh, Nov 10, 2013

SPM MIRROR|NOVEMBER

Financial Service Roundtable-2013

W ith much anticipation and enthusi-asm, the Financial Service Roundtable 2013, yet another masterpiece from the series of Conclaves, took place at School of Petroleum Management, PanditDeendayal Petroleum University on October 18, 2013.

It was a privilege and honour to have Shri Rajesh Prasad (Head, RuPay Acceptance, National Pay-ments Corporation of India) along with Shri D. J. Pandian (IAS, Principal Secretary, Energy & Pet-rochemicals Department, Government of Gujarat) and Dr. P. K. Banik (Directorate General, PDPU).

Inaugurating the session, Dr. H. C. Trivedi, (Director, School of Petroleum Management) and Dr.Akash Patel (Faculty, School Petroleum Man-agement), warmly welcomed the dignitaries and Industry listeners to hear the Guest speakers delib-erate upon Financial sector in India and its chal-lenges. Dr.Akash Patel also provided a firm plat-form by presenting some of the facts of the Indian Financial sector and its challenges in brief.

Regarding the country’s present financial scenario, Shri Rajesh Prasad started off discussion by men-tioning the underlying opportunity in Indian Finan-cial Sector and the growth drivers for the same. Multiple chain of access, lower IT cost, under-served SME’s were some of the topics that were discussed under that umbrella.

Then the discussion was focussed on the prevailing payment system in India. Till 6-7 years back, as Mr. Prasad mentioned, RBI was working as both regulating and operating body for financial institu-tions. So there was a need for a separate body to oversee the operating activity and for that RBI ini-

tiated NPCI (National Payments Corporation of India).

Mr. Prasad also mentioned about how it is im-portant to have a proper integration between finan-cial services and payment infrastructure to ensure proper financial services. He mentioned how a huge amount of money and information of Indian citizens are being transferred to foreign companies viz. Maestro, VISA and AMEX when people in India uses credit or debit cards of these companies.

China prevents above stated problem by issuing cards of China Union Pay. India also has intro-duced RuPay for the same purpose and it is ex-panding gradually in the Indian market. There are some issues to make it prevalent in the market such as the lower acceptability of these cards on internet and various at various places.

He concluded the discussion by mentioning the advantages of the UID project in determining the financial behaviour of Indian traders and to pro-vide better financial services.

The session was attended by various financial sec-tor leaders and industry listeners. To name a few, the guest speakers for the roundtable were

Shri Anjan Ghosh (Sr Group Vice President & Head-Corporate Sector Ratings, ICRA India)

Shri AsimParashar (Associate Director, Manage-ment consulting, KPMG)

Shri Mehul Pandya (Executive Vice President & Head-SME, CARE Ratings), Shri Arakhita-Khandual (Former General Manager, IDBI Bank)

Shri Deepak Gaddhyan (Head-Financial institu-tions and Government Business, Ratnakar Bank)

Shri Ramchandran K (Vice President and Head

SPM MIRROR|NOVEMBER

Regional office, SBI Capital Markets Limited)

Shri Jitendra Shah (Managing Director, Tipsons Financial Services)

Shri Mihir Joshi (Managing Director, Gujarat Ven-ture Finance Limited)

Mr.Ranajit Banerjee (Director, PDPU Consulting).

The valedictory address was delivered by Shri. D.J. Pandian (IAS, Principal Secretary, Energy & Petrochemicals Department, Government of Guja-rat). He depicted the importance of finance in to-day’s global market scenario. Even if one is not

directly related to making decisions regarding fi-nancial issues, one must have some prior under-standing of the same, according to Mr.Pandian.

Mr.Pandian told how ways of financing have evolved over a period of time from 1960s to today. How we have evolved from chit funds to post of-fices to mutual funds to insurance to the stock mar-ket. And he also mentioned how technology has changed the way of various financial activities. He also mentioned how SEBI evolved and what are the roles of it. Mr.Pandian mentioned what can be worth noticing issues in future financing, such as foreign exchange management, commodity ex-change, treasury management, dry & wet lease etc.

SPM MIRROR|NOVEMBER

Convocation

G raduation ceremony or what we for-mally call it as ‘Convocation’ is one of the most awaited day in every individual’s life. That pride one feels wearing the robe and a sense of accom-plishment realized seeing the degree with your name written in bold is unparalleled. Our campus too witnessed similar feelings when the convoca-tion ceremony on 10th October, 2013 took place at the PDPU campus in which over 4000 students graduated from all the schools of PDPU.

SPMites of PGP 10 as well as 11 came out glori-

ous with their degrees in hand by the most honour-able personalities. Shri Narendra Modi, Honoura-ble Chief Minister of Gujarat was the Chief Guest along with Dr. Mukesh Ambani, Chairman of Reli-ance Industries Limited , who presided over the event as Chairman-Board of Governors, PDPU and Mr. Bob Dudley from British Petroleum who was the Guest of Honour at the event. The event also witnessed the presence of various other renowned personalities across country from various back-grounds. A gathering of thousands of people amidst which the cheer of the well-wishers surely made the day a memorable one for all those who were a part of it.

SPM MIRROR|NOVEMBER

It is always special revisiting your university... reliving those moments with old mates and refreshing every memory. What better platform for this than having your Convocation Ceremony. A blend of pride and nostalgia hits the hearts and minds. SPM pass outs in the year 2010, and 2012 revisited the campus on 19th October, 2013 which was followed by a Dinner of the past and present batch mates which provided everyone with a platform for exchanging the thoughts and ideas of the past students. It was indeed the best informal learning dais for everyone who is in the process of taking the biggest leap of their life in terms of up-coming placements to learn the Dos and DONTs. The highlight of the event was the presence of Shri D J Pandian(IAS, -Principle Secretary, Energy & Petrochemical Department, Government of Gujarat), Dr Hemant Trivedi(Director, SPM) , Prof. Kaushal Kishore(Faculty, SPM) and Dr.Subrat Sahu(Faculty, SPM). Such meets ensure an unending bond and stronger threads of ties between every student and faculty associated with the university.

WHEN YESTERDAY MET TOMORROW

‘Management is about capitalising on an opportunity at hand’; this is a line that every management student agrees with. When given an opportunity, every SPMite justifies this by exploring a new dimension of management within themselves. Ingenious 2013, a case study presentation competition organised by Infosys was held at SPM, PDPU on 10th October, 2013 where the enthusiasts of PGP 2012 batch of SPM participated in teams of four. They were given a case on “Oil and Gas Value Chain Optimization” for which they had to suggest an innovative solution to the problem presented. Team Apareciumconsisting of Krutika Parmar, Vaishnavi Shah, Shikha Singh and Sohan Chawdhary were the proud winners. SPM is proud to have such a pool of talent.

Ingenious 2013 (Infosys event)

CAMPUS BUZZ

SPM MIRROR|NOVEMBER

CAIRN INDIA-AMAZING CHAMPIONS OF ENERGY-CASE STUDY COMPETITION

Cairn India is one of the fastest growing E&P Companies in the world. And since last year it also decided to include the student community in its vision of growth and development and for that it started a pan India competition called “ACE” or Amazing Champions of Energy. Last year there were 11 teams but this year the level of competition as well as the prize money both was upped. Cairn came to PDPU on 18th of November to select from the campus a finalist who will compete in the national finals with the other 24 teams.

The top five finalists were:

1) Anuman

2) Achyutam

3) Brahmastra

4) (Cr-24)acking (C-6)rude

5) Petroártistá

The topic on hand was Is oil subsidy necessary and is subsidy reaching the intended target. After an enthralling presentation by all the teams the jury selected team “Anuman” as the campus winner, while team “Achyutam” stood a very well fought second. While there was also variety of prizes for the audiences like pen drives and goodies. Over-all it was a very good experience and we wish our finalist the very best of luck.

“Beautiful campus. I was impressed on my first visit itself. Interaction with faculty and students has convinced me that the institution is well on its way in search of excellence. Oil and Gas Conclave 2012 was well planned and organized with attention to small details.”

-Shri L Mansingh Former Chairperson, PNGRB “The arrangements, organisation and enthusiastic participation by students are very good.”

- Mr. T. P. Rao Head (NELP & NDR), DGH “The campus is excellent . a world class institute. Students are very disciplined and full of courtesy…… The program coordinators especially student coordinators for both the sessions appear very professional and well trained. I am impressed very much.”

-Mr. DM Katre, Site President (Operations), RIL

QUOTES FROM OUR GUESTS

CAMPUS BUZZ