IOC on 15th July 2015  bagged the Leading Oil & Gas Corporate of the Year award for the fourth time in eight years at the annual Petrofed Awards . 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.

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.

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.