MUMBAI: GAIL (India) Limited chairman and managing director Proshanto Banerjee has been conferred upon the 2005 IMM Marketing King Award.
 
The award was presented to him by Governor of Delhi B L Joshi.

The award has been given by Institute of Marketing and Management, New Delhi in recognition to Banerjee's leadership during the last four years, as a result of which, Gail has been able to achieve record turnover, profitability and market capitalisation.
 
Banerjee has launched strategic marketing initiatives to make Gail a global player as an integrated gas major. Taking Gail into retails marketing, obtaining marketing rights for LPG, launching National Gas Conservation Programme and various IT initiatives are some of his major achievements.

Due to his marketing approach, Gail's profit has increased from Rs 11.86 billion in 2001-02 to Rs 19.54 billion in 2004-05.