Indian Oil Corporation has signed an agreement with online graduate school U21Global to provide project management training to its employees. The oil company plans to train over 1,000 of its employees, in phases, with 50 of them joining initially for the 15-week programme.
"In the first phase, 50 employees will participate in the programme on an experimental basis. Based on their experience, further changes would be made in the programme," said Mr V.C. Agrawal, Director, Human Resource, IOC.
The online programme, Hybrid Certificate Programme in Project Management, has been developed by U21Global in association with the Indian Oil Institute of Petroleum Management.
Executives ranging from junior to senior management in pipelines, refineries and other allied divisions of Indian Oil will participate in the programme. The aim of the programme is to expose Indian Oil executives to international perspective of large-scale project management.
IOC has projects worth over Rs 45,000 crore in various stages of implementation, and the course would help strengthen the IOC's project management team.
The programme will facilitate the participants in understanding internationally accepted best practices in project management from concept to commissioning, including project closure and closure audit.
U21Global is a joint venture between Universitas 21, an international network of 19 universities in 11 countries, and Thomson Learning, a tailored learning solutions company.
Taken from Business Line
IOC stock price
On November 30, 2015, at 09:56 hrs Indian Oil Corporation was quoting at Rs 422.30, up Rs 2.90, or 0.69 percent. The 52-week high of the share was Rs 465.40 and the 52-week low was Rs 307.00.
The company's trailing 12-month (TTM) EPS was at Rs 40.18 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 10.51. The latest book value of the company is Rs 279.95 per share. At current value, the price-to-book value of the company is 1.51.
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