News Release Details

IndianOil bags the prestigious Asian Oil and Gas Award for Covid Management and New Product of the Year
New Delhi 16-Mar-2022

Indian Oil Corporation Ltd (IndianOil) has bagged the prestigious Asian Power's Asian Oil & Gas Awards in 2 major categories of 'Covid Management Initiative of the Year' and 'New Product of the Year' in India. Singapore based quarterly publication Asian Power has instituted the award to acknowledge companies that play an influential role in transforming Asia's oil and gas industry. The coveted award under the 'Covid Management Initiative of the Year' recognises IndianOil's unrelenting social endeavours amidst the pandemic. The social outreaches included the diversion of high-purity oxygen used in IndianOil's Panipat Refinery & Petrochemical Complex to shore up medical oxygen supplies in India and beyond. Other welfare measures of IndianOil, including the rollout of Sanjeevani Express to strengthen LMO logistics and vaccination drives for stakeholders, were also appreciated. Asian Oil and Gas Award for 'New Product of the Year' was bestowed on IndianOil for launching India's first 100 Octane and best-in-class premium fuel XP100. XP100 caters to the niche market for luxury vehicles that demand high performance and such fuel is presently available only in six other countries (USA, Germany, Indonesia, Malaysia, Israel, and Greece).

Mr Shrikant Madhav Vaidya, Chairman, IndianOil, accepted the awards on behalf of the company. Speaking on the recognition, Mr Vaidya said, "It is heartening to note that our initiatives are being acknowledged across the continent. For the past two years, the entire world has been grappling with the Covid-19 pandemic and inspired by the mantra of "Pehle Indian Phir Oil", IndianOil has left no stone unturned to support common people. As far as XP100 is concerned, this fuel has turned out to be a game-changer. But this is just the beginning, and IndianOil will continue to explore new horizons of innovative excellence to offer greater customer delight across product segments".

Asian Power recently declared the Asian Oil & Gas Award winners to celebrate the innovations in the energy sector and the entries were scrutinised by an esteemed panel of judges. Commenting on Award winners, Asian Power magazine mentioned, "Despite the challenging environment in recent years, the award-winning companies have remained steadfast to their purpose and have risen above the hurdles". The Journal added, "IndianOil's XP 100 is the highest premium fuel that keeps cars and bikes engines healthy, minimises knocking, and gives cars a higher mileage. Also, it's environmentally friendly in nature. It keeps the air clean with reduced carbon emissions. This IndianOil innovation is indeed a testimony to the country's technological prowess, and manufacturing it within their refineries is the best example of Aatmanirbhar Bharat."

Dr. Uttiya Bhattacharyya
Executive Director (Corporate Communications)
Indian Oil Corporation Limited

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In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
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The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.

The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.