News Release Details

IndianOil’s Octamax technology wins country’s top technology award
New Delhi 11-May-2022

History was made yet again when Octamax technology developed by IndianOil R&D swept the country’s top technology award. The much-coveted award was presented by Dr. Jitendra Singh, Hon’ble Minister of State for Science and Technology (I/C), to IndianOil R&D team led by Dr. SSV Ramakumar, Director (R&D), and Dr. Madhusudan Sau, ED (Refining Technology), in a glittering event that saw the presence of India’s top technocrats and luminaries from the domain of science & technology from across the country. Dr. Srivari Chandrsekhar, Chairperson, TDB & Secretary, Department of Science and Technology, was also present.

IndianOil was declared winner of the coveted National Award-2022 under the category “Successful Commercialization of Indigenous Technology” for commercialization of Octamax® Technology. The recognition carries a cash award of Rs. 25 lakh and a trophy. IndianOil was adjudged first in the Category A of the National Awards alongside a medical devices company that also won this prestigious award for fluting stents. It is understood that IndianOil’s entry withstood tough competition from technologies across domains / industrial sectors and competed against 300 technologies vying for the top honour.

Commending the recognition, Mr. Shrikant Madhav Vaidya, Chairman, IndianOil, said, “This National Award for our Octamax technology is a reaffirmation of IndianOil’s commitment to Aatma Nirbhar Bharat. It validates our spirited journey from being a technology importer to a creator of cutting-edge refining technologies. Innovating this pioneering technology has helped IndianOil produce the country’s first 100-Octane petrol at our Mathura Refinery to power high performing new generation automobiles. The launch of this high octane petrol grade has catapulted IndianOil into the league of select countries such as Germany, USA, Greece, Israel, etc., that offer 100-Octane petrol.”

Accepting the honour on behalf of IndianOil, Director (R&D) said, “We are proud to receive this coveted award that recognises IndianOil’s position as a technology licensor in the competitive refining research domain. Octamax® is a state-of-the-art indigenous process technology to produce petrol with exceptionally high anti-knock quality leading to better combustion efficiency & higher fuel saving benefits”.

Based on this indigenous technology, the first Octamax® unit of 55 kTA capacity was successfully commissioned in Mathura Refinery in January 2018. Two more units, based on IndianOil’s Octamax technology, are currently at an advanced stage of commercialisation.

The National Technology Awards ceremony was held as part of the National Technology Day celebration, by the Technology Development Board (TDB), a statutory body of Department of Science & Technology (DST) that recognises industries for successful commercialization of indigenous technology on 11th May every year.

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

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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.
IndianOil 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.