Awards and Recognitions

Date:28/01/2019

IndianOil conferred as one of India's Great Places to Work

IndianOil has been felicitated as one of India’s 25 Best Work Places in Manufacturing – 2019 by Great Place to Work institute.

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The award was received by Mr. Gurmeet Singh, Director (Marketing). Also present were Mr. Arup Sinha, CGM (HR), Mr. Nilesh Nekaljay, GM (L&D), Marketing HO, and other members of (HR) Marketing HO team. IndianOil has been awarded for inspiring trust amongst employees, for instilling pride in them, and for facilitating an environment within the workplace that promotes camaraderie.

Date:25/07/2019

Date:25/07/2019

Date:04/07/2019

IndianOil: Voted as A great place to work!

IndianOil has been yet again voted a Great Place to Work for the year 2019. It has been recognized as one of India’s Best Workplaces and ranked 29th on the list featuring business, academia and government organisations in the country.

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The Great Place to Work citation recognizes IndianOil “for inspiring trust among your people, for instilling pride in them, for creating an environment with the workplace that promotes camaraderie and for many other reasons that make your organization one of India’s best companies to work for.”

Accepting the recognition on behalf of the IndianOil family in a function held recently at Mumbai, Mr. Gurmeet Singh, Director (Marketing), IndianOil, said “To be recognized yet again as a Great Place to Work, while energizing every corner of the country, stands true to the commitment and passion of IndianOilPeople.”

Instituted by the Great Place to Work (GPW) Institute, in collaboration with the Economic Times (in India), this annual survey sees over 10,000 organisations from over 58 countries partner GPW Institute to assess, benchmark and plan actions to strengthen their workplace culture. All organisations that nominate themselves for the list undergo an assessment. As part of this assessment, all organisations are evaluated on parameters such as quality of employee experience (carries 2/3rd weightage) and the quality of people practices of an organisation, covering the entire employee life-cycle (carries 1/3rd weightage).

Date:26/06/2019

IndianOil voted as the Most Trusted Fuel and Lubricant Brand

For another successive year, IndianOil has been voted as one of the Most Trusted Fuel and Lubricant Brands in the country. IndianOil and its lubricant brand SERVO have been awarded the Reader’s Digest Trusted Brands (2019) title. IndianOil was chosen as a trusted brand in Automobiles – Petrol Stations category while SERVO earned the recognition in the Automobiles – Lubricants category.

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Voted only by consumers, the Reader’s Digest Trusted Brand survey 2019 was conducted with Ipsos, a globally renowned research agency. The survey, held across 15 Indian cities, asked consumers to name the brands they trusted most and rate them on parameters such as quality, value, innovation, social responsibility, brand image, consumer recommendation and reputation.

Instituted in 1998 by the Reader’s Digest, the Trusted Brand Award is a benchmark for the most-admired brands in the Indian market place – honouring excellence and quality. The award serves as a smart buyer’s guide, helping the Indian consumer make and efficient and informed choice. This annual survey has established itself as a premier, consumer-rated measure of brand excellence.

Date:04/06/2019

IndianOil bags award for Innovative CSR practices

IndianOil was awarded 1st amongst PSUs in "3rd Innovative Practices Awards, 2019 for Sustainable Development Goals (SDGs)" category by UN Global Compact Network India (UN GCNI) during a felicitation ceremony held on 31st May, 2019 at Mumbai.

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Global Compact Network India works as a country level platform for businesses, civil organisations, public and private sector, aids in aligning stakeholders' responsible practices towards the ten universally accepted principles of UNGC in the areas of human rights, labour, environment and anti-corruption, broad goals including sustainable development goals and other key sister initiatives of the United Nations and its systems.

A well documented dossier depicting activities of IndianOil CSR initiatives was prepared and submitted as a part of the award process. As per rules of the competition, since one project was to be showcased with linkages to multiple sustainable development goals, success story of our flagship CSR project, Skill Development Institute, Bhubaneswar (SDI-B), was documented and submitted. IndianOil was among the top 11 companies, shortlisted for presenting the success stories of their respective projects on 25th May, 2019 at UNESCO, New Delhi.

Skill Development Institute, Bhubaneswar (SDI-B) was established on 9th May 2016 with an aim to provide opportunities for skilling and livelihood to the unemployed and underprivileged youth of Odisha and to provide skilled manpower to the industry. Initially, SDI-B started skilling in 2 trades, viz. industrial electrician & welder. However, with increasing demand of skilled manpower in the market, 6 new courses were added to SDI-B, viz. Computer Data Application (only for girls), Fitter Fabrication, Instrumentation Technician, Pipe Fitter–CGD, Solar PV Installer, and LPG Mechanic. As on date, about 240 students per batch are being skilled in 8 skilling courses of 3 to 6 months duration each. Hon'ble President of India laid the foundation stone of the permanent campus of SDI-B on 18.03.2018 near Taraboi, Jatni, Odisha which will be a mega-world-class model skill academy to be set up with technical support from National Skill Development Corporation (NSDC). Once functional, about 3,000 to 4,000 youth will be trained every year in 16 regular trades pertaining to the hydrocarbon sector and local industries.

Out of the total 17 SDGs, SDI-B aligns with following 5 SDGs:
Goal -1: End poverty in all its forms everywhere
Goal-4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Goal-5: Achieve gender equality and empower all women and girls
Goal-8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal-10: Reduce inequality within and among countries
On behalf of IndianOil, Mr. S. G. Bhagwat, CGM (ER), Marketing HO, Mumbai and Mr. N. N. Rao, CEO, SDI-Bhubaneswar received the trophy and citation.

Date:08/04/2019

IndianOil is Outstanding PSU of the Year at AIMA Managing India Awards-2019

The All India Management Association (AIMA), the apex body of management professionals in the country is committed to enhance business excellence through its multifaceted activities.

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The All India Management Association (AIMA), the apex body of management professionals in the country is committed to enhance business excellence through its multifaceted activities. Thus, every year in order to recognize excellence in Management, Entrepreneurship and Leadership, AIMA confers Managing India Awards. Instituted in the year 2010 , over the years, AIMA Managing India Awards have become one of the most coveted leadership honours in the country and are greatly valued.

This year an independent jury headed by Mr. Sanjiv Goenka, Chairman,RP-Sanjiv Goenka Group declared the awards under which 11 eminent personalities of the country have been chosen to receive the prestigious award for their contributions under various categories.

Mr. Sanjiv Singh, Chairman received the Award from Mr. Pranab Mukherjee, former President for IndianOil's recognition as the Outstanding PSU of the Year at a glittering ceremony organized today in the Capital . Other business personalities who were honoured are Mr. Pawan Goenka (Mahindra & Mahindra, Indian MNC of the Year), Dr. Devi Prasad Shetty ( Narayana Hrudayalaya Ltd, Corporate Citizen Award); Prathap C Reddy (Founder Apollo Hospitals Group, Outstanding Institution Builder) and Mr. Azim H Premji ( Wipro Ltd, Lifetime Contribution Award).

The AIMA awards 2019 honoured a galaxy of leaders who are contributing nation building through their vision and a commitment to a larger purpose going beyond business.

It was a indeed proud moment when IndianOil was introduced as an exceptional organization that provides solutions to power the nation, its 50,000 customer touch points catering to about 50% of the nation’s petroleum products demand. A future ready organization that is growing under the visionary leadership of Chairman, Mr. Sanjiv Singh creating capacities across the hydrocarbon chain.

The AIIMA award function is being followed by the 5th Leadership National Conclave on Tuesday,9 April 2019 where the theme is- "Now or Never: India's Mission for the New Decade."

Chairman, IndianOil will be participating in the panel discussion –Surviving Disruption: Create the Future, where the other panelists would be Sanjiv Mehta, CMD of Hindustan Unilever Ltd; Sanjiv Bajaj, MD, Bajaj FinServ and the moderator would be noted TV journalist Vikram Chandra.

Date:31/07/2018

The Fastest Growing Maharatna award goes to IndianOil

Indian Oil Corporation Ltd. has been adjudged the Fastest Growing Organisation under the Maharatna Category by the jury of the Hindustan Ratna PSU Awards- 2018.

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Mr. Dharmendra Pradhan, Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship presented the Award to Mr. Sanjiv Singh, Chairman, IndianOil at a glittering function in the Capital on May 30, 2018.
Speaking on the occasion, Mr. Pradhan lauded the role being played by PSUs in the economic eco-system of the country. He said that their role is extremely challenging and their performance is indeed remarkable as they have to prove their mettle on both financial and non-financial parameters.
He added that the PSUs are more than economic institutions as they are the vehicles of social transformation and nation building. In this context he recalled how he had met a young IndianOil officer at the company’s R&D Centre who had quit a prominent private sector company to join IndianOil to fulfill his dream of serving the nation. Citing the example of the mammoth mainstreaming of LPG in the country he said it is owing to the hard work of oil company professionals that in just 4 years over 10 crore new LPG connections have been released and by 2019 the target is to release another 3 crore connections.
He said that the Government has been leveraging PSUs, especially in the energy sector, to address its strategic and economic goals, including development of the long-neglected North-East region, progressively shifting the country’s fuel mix more toward cleaner sources and for reviving ailing fertiliser units. Hindustan Ratna PSU Awards is a platform instituted by the HT group to honour and celebrate the success stories and achievements of PSUs and recognise their contribution to society.

Date:11/03/2019

IndianOil leads the FE1000 list of Indian companies

Date:01/02/2019

Indian Oil Corporation Limited, features among the top three in BW Real 500 Companies


Indian Oil Corporation Limited, featured among the top BW Real 500 Companies, compiled by the Business World Magazine, based on the assets created and income generated in a year.

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While IndianOil stood at the Top in terms of income generated in a year, with an income generations of Rs. 424918.60 crores, the generation of assets for the Corporation recorded a positive shift of 15.66%.
This year’s BW Real-500 rankings exhibited a considerable improvement in the key balance-sheet and profit and loss parameters.

Date:01/02/2019

IndianOil stands tall amidst Top 50 PSUs in India, featuring among Fortune India's annual list of India's Most Profitable PSUs

Indian Oil Corp. Ltd (IOC) has maintained its ranking among the Top performers to feature among Fortune India's annual list of India's Most Profitable PSUs.

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With a sterling track record and sound management practices, the Oil & Gas PSUs are known to hold the key to economic prosperity of the nation. The 2018 Fortune India list of India’s Most Profitable PSUs – the listing of the 50 top Government-owned entities – has thrown up a list of high-performing PSUs with an aggregate gross profit of a staggering Rs. 2,62,354 crore. A much-loved company and possibly the largest customer-facing company in the world, IndianOil holds the second position in the list, while ONGC leads the pack.

IndianOil also features prominently among the Top 10 PSUs on various significant financial health parameters such as asset efficiency, revenue per employee, Return On Net Worth, Return on Equity/Return On Capital Employed, Earnings Per Share & Profit-Earnings Ratios, etc. IndianOil was also among the top 10 companies with the highest dividend payouts, highest market capitalisation besides clocking the highest rate of growth in market capitalisation.

Date:26/12/2018

IndianOil is the No. 1 company on the Fortune India 500 list for the 9th time running.


The No. 1 company on the Fortune India 500 list for the ninth time running, IndianOil, led by chairman, Mr. Sanjiv Singh, is transforming itself into a ‘complete energy’ firm by investing heavily in alternative fuels as challenges from e-vehicles and tighter emission norms grow.

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Every Morning Mr. Sanjiv Singh starts his day with a cup of green tea and a 10 km walk, followed by a quick breakfast. The Indian Oil Corporation chairman doesn’t let anything come between him and his exercise regimen because that is what prepares him for a demanding day at work. The 58-year-old IIT-Roorkee graduate shows the same diligence in preparing IndianOil, the No. 1 company on the Fortune India 500 list for the ninth year running, for the future. Anticipating stricter emission standards, and a strong government focus on electric vehicles and alternative fuels, Mr. Singh is investing heavily in green technologies such as hydrogen fuel cells to make IndianOil a complete energy company. In an interview with Fortune India, Mr. Singh talks about his plans for transforming the company.

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Date:26/12/2018

IndianOil makes it to BW Businessworld's Most Respected Companies of India list!

BEING THE “ENERGY OF INDIA” isn’t about jaw dropping turnover (Rs. 5,06,428 crore in 2017-18) or record profits (Rs. 21, 346 crores in 2017-18).

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For Indian Oil Corporation (IOC) and its more than 33,000 – strong employees, being the Energy of India is about its vision to take the lead in meeting India’s humongous energy demands efficiently and effectively, just as it has done over the last five decades fuelling India’s core sector development.
And to realise this vision, IndianOil is alert to the need for investing in its workforce to make them future ready. In the words of Mr. Sanjiv Singh, Chairman, IndianOil, “To drive the success of future business operations in today’s volatile environment, our leaders need a blend of integrated knowledge, judgment and competencies to lead effectively. The county’s biggest commercial enterprise fully understands this and uses people-development interventions as a strategic imperative to continually upgrade its workfore.”

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Date:05/12/2018

IndianOil Chairman conferred Distinguished Alumnus Award by IIT-Roorkee

Indian Institute Technology-Roorkee felicitated Mr. Sanjiv Singh, Chairman, IndianOil, with its most prestigious Distinguished Alumnus Award for the year 2018 for his outstanding professional accomplishments.

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Mr. Sanjiv Singh, Class of 1980 becomes the first Chemical Engineer from his alma mater to be felicitated with this honour. He received the award at IIT Roorkee at the 172nd Foundation Day of the institution.
A large gathering of senior alumni of Batch 1958 and 1968 celebrating their Golden and Diamond Jubilees, were present on the occasion.
In his acceptance speech Mr. Singh said that he “accepts the award with pride and utmost humility as such a recognition by one’s alma mater is the indeed the ultimate honour.”

Date:30/05/2018

IndianOil wins Dun & Bradstreet Corporate Award-2018

Indian Oil Corporation Limited has won the Dun & Bradstreet Corporate Award-2018, under the category “Oil – Refining and Marketing”.

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In a ceremony held on May 25, 2018 at Mumbai, Mr. Shiv Prasad Shukla, Minister of State for Finance, Government of India, presented the award to Mr. YK Gupta, ED (Engg. & Proj.), Marketing HO on behalf of IndianOil. The Dun & Bradstreet Corporate Awards have been commemorating outstanding performers among Indian Corporates since 2006. It honours the Top 500 Companies in India, thus recognizing their role as ‘Champions of Change’ in the transformation of the country.

Date:05/10/2018

IndianOil adjudged “Company of the Year” in Petrochemicals at IndiaChem-2018

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Indian Oil Corporation Ltd. bagged the “Company of the Year” Award in Petrochemicals the 10th edition of India Chem – 2018 at Mumbai. The prestigious award has been instituted jointly by the Department of Chemicals & Petrochemicals (DCPC), and FICCI. The award was presented to Team IndianOil by Mr. Raghavendra Rao, Secretary, Department of Chemicals & Petrochemicals, Govt. of India.