Industry

IOC bags top honour at Petrofed Awards

State-owned Indian Oil Corp (IOC) today walked away with top honours at the annual Petrofed Awards, bagging the Leading Oil & Gas Corporate of the Year award for the fourth time in eight years.

It also bagged the Oil & Gas Marketing Company of the Year and the Human Resources Management Company of the Year awards which were presented by Petroleum Minister Dharmendra Pradhan here today.

The Innovator of the Year - Team award was bagged by the eight-member team of Bharat Petroleum Corp Ltd (BPCL) for their indigenous development and commercial application of cost effective gasoline sulphur reduction catalyst additive for Fluid Catalytic Cracking using spent FCC catalyst in refineries.

Oil and Natural Gas Corp (ONGC) won the awards for Exploration & Production Company of the Year and Project Management (Rs. 500-2,000 crore) for their Cluster-7 project involving construction and installation of five new well platforms at Mumbai High Offshore and laying of 19 segments of rigid sub-sea pipelines of about 198 km with associated modification at existing platforms and a new Pipeline End Manifold.

The Oil & Gas Pipeline Transportation Company of the Year award was bagged by Hindustan Petroleum Corp Ltd (HPCL) while BPCL was chosen to be the Environmental Sustainability Company of the Year.

For the second year in succession, no award was conferred for Drilling Services Company of the Year. No application was received for Project Management (above Rs. 2,000 crore) - Company of the Year award.

PetroFed said the award winners were selected through a rigorous process of collation by knowledge partner PricewaterhouseCoopers, evaluation by the Awards Committee led by Prodipto Ghosh, former Secretary to the Government of India, and selection by an eminent Jury headed by the former Chief Justice of India Justice M. N. Venkatachaliah.

The other two members of the Jury were Anil Kakodkar, former Chairman, Atomic Energy Commission and Naresh Narad, former Chairman, Public Enterprises Selection Board and Secretary to the Government of India, PetroFed said.

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Printable version | Apr 2, 2020 12:39:28 AM | https://www.thehindu.com/business/Industry/ioc-bags-top-honour-at-petrofed-awards/article7425586.ece

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