BILT named top Indian company in paper sector

Kolkata, April 7 : Ballarpur Industries Limited (BILT), India's largest paper company and part of the USUSD 4 bn Avantha Group, received the Dun and Bradstreet - Rolta Corporate Awards 2009. BILT was named top Indian company in the paper sector.

Ashesh Mukherjee, General Manager-Paper Marketing, BILT, received the award from K.K. Singh, CMD, Rolta India Ltd.

The D and B-Rolta Corporate Awards 2009, closely tied to D and B's study on India's Top 500 Companies 2009, seeks to recognize the twin virtues of size and growth in corporate India.

R. R. Vederah, Managing Director, BILT, said, "We thank Dun and Bradstreet and Rolta India Ltd. for honouring BILT. This award recognizes BILT's leadership position in the Indian paper industry, and also acknowledges our commitment towards our investors and stakeholders."

Speaking at the Awards ceremony, Manoj Vaish, President and CEO - India, Dun and Bradstreet said, "FY09 will be most remembered for the resilient performance of India Inc even as it faced subdued demand in the domestic and international market owing to various reasons.

"However, in spite of this, a 19.2pc growth in the aggregate total income of the Top 500 Companies in FY09 underscores India's high degree of recovery in the face of the economic crisis. In FY10, the improvement in industrial activity coupled with the various economic stimuli packages of the government will bode well for corporate India."

The awards felicitated 53 of India's leading corporate names across sectors. The occasion also marked the launch of the ninth edition of Dun and Bradstreet's premier publication, India's Top 500 Companies 2009.