In recognition of outstanding achievements and best practices within the industry, the Federation of Indian Petroleum Industry (FIPI) instituted the prestigious FIPI Annual Awards in 2007 to celebrate excellence across various segments of the petroleum and natural gas value chain. These awards acknowledge organizations and professionals who demonstrate excellence in areas such as operational efficiency, innovation, safety, sustainability, and digitalisation.

By honouring exemplary contributions, the FIPI Annual Awards aim to inspire continuous improvement, encourage knowledge sharing, and strengthen the overall competitiveness of India’s oil and gas sector. The ceremony of FIPI Annual Awards 2024-25 were held during the renowned India Energy Week 2026 at the ONGC ATI, Goa. The winners of the FIPI Awards were felicitated by the Hon’ble Minister of Petroleum and Natural Gas and the Secretary, Ministry of Petroleum and Natural Gas.

A glimpse of the Award categories and the respective winners is presented below: -

Exploration Company of the year -

Oil & Natural Gas Corporation Limited

The FIPI Oil & Gas Exploration Company of the Year Award 2025 was conferred upon Oil and Natural Gas Corporation Limited in recognition of its excellence and leading performance in reserve accretion through an efficient and sustainable exploration process.

ONGC demonstrated a strong and consistent exploration performance across Indian sedimentary basins, driven by a strategic focus on enhancing reserves and optimizing costs. The company drilled a significant number of exploratory wells with a notable success rate, resulting in multiple hydrocarbon discoveries across key basins. Its robust exploration strategy, supported by advanced seismic acquisition and data interpretation, had enabled improved prospect identification and resource conversion.

A key highlight of ONGC’s performance was its effective management of finding costs, ensuring cost-efficient exploration while maintaining high success rates. The company also expanded its exploration footprint through the acquisition of new exploratory blocks, both independently and through partnerships, thereby strengthening its long-term resource base.

Oil & Gas Production Company of the year (More than 1 MTOE) -

Oil India Limited

The FIPI Oil & Gas Production Company of the Year (More than 1 MMTOE) Award 2025 was conferred upon Oil India Limited in recognition of its excellence in oil and gas production through efficient, sustainable, and cost-effective operations, leveraging advanced recovery technologies.

Oil India Limited demonstrated strong operational performance by maintaining stable and efficient production levels while optimizing production costs ($/BOE). The company’s focused approach towards cost management, coupled with the adoption of improved operational practices, ensured enhanced productivity and economic efficiency across its producing assets.

A key highlight of its performance was the increased capital expenditure directed towards Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) projects, enabling better reservoir management and higher recovery factors from mature fields. These initiatives, supported by the deployment of advanced technologies, contributed significantly to sustaining and augmenting production levels.

Oil & Gas Production Company of the year (Less than 1 MTOE) -

Sun Petrochemicals Private Limited

The FIPI Oil & Gas Production Company of the Year (Less than 1 MMTOE) Award 2025 was conferred upon Sun Petrochemicals Private Limited in recognition of its excellence in oil and gas production through efficient, sustainable, and cost-effective operations.

The company demonstrated commendable performance by maintaining optimized production levels while effectively managing production costs ($/BOE). Its focused operational approach and prudent cost control measures had enabled enhanced efficiency and competitiveness in a challenging operating environment.

A key highlight of Sun Petrochemicals’ performance was its emphasis on innovation for environmental gains, adopting practices and technologies that minimize environmental impact while ensuring sustainable production. The company also initiated new projects aimed at augmenting production, reflecting its forward-looking strategy and commitment to resource optimization. Additionally, the company upheld high standards of safety, ensuring reliable and incident-free operations through robust systems and a strong safety culture.

Best Managed Project of the year -

Shell Companies in India (representing PMT JV)

The FIPI Best Managed Project of the Year Award 2025 was conferred upon Shell Companies in India (representing the PMT JV) in recognition of excellence in executing the “Tapti Decommissioning Project”—India’s first offshore decommissioning project, implemented by the PMT Joint Venture comprising ONGC, RIL, and Shell plc.

The project stood as a benchmark in project management excellence, demonstrating robust cost management and efficient utilization of resources while adhering to stringent budgetary controls. Through meticulous planning and execution, the project achieved key milestones within defined timelines, reflecting strong schedule management and coordination among multiple stakeholders.

A defining feature of the project was its unwavering focus on safety, ensuring adherence to the highest standards and best practices throughout the decommissioning process. The implementation of milestone-based project management frameworks enabled effective monitoring, timely decision-making, and seamless execution of complex offshore activities.

Refinery of the year–

Reliance Industries Limited – SEZ Refinery

The FIPI Refinery of the Year Award 2025 was conferred upon Reliance Industries Limited – SEZ Refinery, Jamnagar, in recognition of its excellence in refinery operations, achieving significantly higher performance in production, operational efficiency, and energy conservation, while demonstrating a strong commitment to sustainability, emissions control, and continuous improvement in specific water consumption.

The refinery exhibited outstanding production efficiency, supported by optimized operations and advanced process integration, resulting in superior throughput and reliability. Its ability to effectively manage operating costs further reflected strong financial discipline and operational excellence.

A key highlight of its performance was the continuous improvement in energy consumption, supported by focused initiatives and strategic capital expenditure towards modernization and technological upgrades. These efforts enhanced overall efficiency and strengthened long-term operational capabilities. The refinery also achieved notable progress in reducing specific water consumption and specific carbon emissions, reinforcing its commitment to environmental sustainability and responsible operations.

Oil Marketing Company of the year–

Hindustan Petroleum Corporation Limited

The FIPI Oil Marketing Company of the Year Award 2025 was conferred upon Hindustan Petroleum Corporation Limited in recognition of its excellence in achieving record-breaking operational throughput, pioneering customer-centric digital initiatives, expanding its market presence, promoting the Pradhan Mantri Ujjwala Yojana, and advancing sustainable energy solutions.

HPCL demonstrated strong financial and operational performance, reflected in improved revenue per unit of sales, a notable increase in domestic market share, and sustained growth in overall sales volumes. The company also expanded its retail footprint with a significant increase in the total number of retail outlets and enhanced tankage capacity, strengthening its supply chain and distribution network. The Company made considerable strides in operational efficiency, including improved sales per employee and effective customer grievance redressal systems, ensuring enhanced service quality and customer satisfaction. Its focus on digital transformation through innovative customer-centric initiatives has further streamlined operations and improved user experience.

In line with its commitment to sustainability, the company actively invested in biofuels and made significant progress in the Ethanol Blending Programme. It also expanded new energy-based facilities such as EV charging stations, hydrogen, and compressed biogas (CBG) infrastructure at retail outlets. Additionally, HPCL played a vital role in promoting LPG access and increasing per capita consumption among PMUY beneficiaries.

Pipeline Transportation Company of the year -

Bharat Petroleum Corporation Limited (BPCL)

Bharat Petroleum Corporation Limited was honoured with the prestigious 'Pipeline Transportation – Company of the Year' award at the FIPI Annual Awards. This recognition highlighted BPCL’s leadership in operational excellence, safety, and reliability across its extensive pipeline network, supporting India's energy infrastructure.

Not only did BPCL achieve the highest ever throughput and the highest ever CO2 reduction; it was also among the first in the industry to implement the Pipeline Integrity Management system (PIMS). Moreover, all its pipelines were equipped with the Pipeline Intrusion Detection System PIDS), thereby enhancing pipeline safety and integrity.

The company showcased its dedication to operational excellence by enhancing operational efficiency, achieving performance in leakage prevention & pipeline downtime reduction, and committing to sustainable operations.

Young Achiever of the year (Female) -

Ms. Vanashree Mhatre, Pipeline Infrastructure Limited (PIL)

Vanashree Mhatre demonstrated leadership qualities in her 9 years’ working in PIL under operations and maintenance, specializing in hydrocarbon flow measurement, custody transfers systems, and metering within oil & gas pipeline operations. Ensuring compliance with API, AGA, and ISO standards, and proficiency in SCADA, PLC, and data acquisition, she was instrumental in executing projects with measurement solutions that minimize losses, enhance safety & efficiency, and cost-effectiveness.

Her efforts also added to transport revenue of the PIL & improvement in “Unaccounted for Gas” parameters.

Spearheading onboarding of 4 new customers on PIL and ensuring seamless gas delivery within tight deadlines, she demonstrated significant impact across metering accuracy, revenue growth & stakeholder confidence.  Her innovative contributions cemented her recognition as a FIPI young achiever (Female) in the oil and gas sector.

Young Achiever of the year (Male) -

Mr. Karthick R, Mangalore Refinery & Petrochemicals Limited (MRPL)

Karthick R was leading the high-impact team in research, development & innovation at MRPL’s Innovation Centre, which was honoured the "Best Innovation Award" from the Government of India for three consecutive years, a distinction bestowed following rigorous evaluation conducted by MoPNG's Scientific Advisory Committee.

From initiating proof-of-concept research on Gradual Olefins Aromatics technology (GOAT), to developing an AI/ML driven application that predicts carbon class distribution of heavy naphtha streams, he was instrumental in converting concepts into tangible industrial outcomes.

Environmental stewardship has been a central theme in his innovation journey. The Deodoring Unit (DeoU), a novel photocatalytic oxidation process eliminates odorous refinery off- gases, thus improvement of HSE performance. His contributions extend beyond company, impacting the oil and gas field at large, linked with themes of sustainability and innovation and thus was awarded the FIPI young achiever (Male) in the oil and gas sector.

City Gas Distribution Company of the year-

Indraprastha Gas Limited (IGL)

IGL is the India’s largest CNG distribution company pioneering the supply clean fuels like CNG and PNG beginning in Delhi. Since its inception, IGL has expanded its footprint to 33 districts across four states of Delhi, Uttar Pradesh, Haryana, and Rajasthan. The company sets industry benchmarks in infrastructure, efficiency, customer technology, and safety, making it a reference point for the entire CGD business in India.

The award recognized the leading performance of IGL in expanding the pipeline network, achieving significant growth in CNG stations & PNG connections and overall sales volume, as well as ensuring safety standard within the organisation.

Innovator of the year-

Joint Winner

1. Indian Oil Corporation Limited (IOCL) – IV-IZOMaxCAT: Indigenous Light Naphtha Isomerization Technology

IOCL’s state-of-the-art- R&D Centre is among Asia’s best downstream petroleum research, delivering cutting-edge technologies, catalysts, and additives. The Centre has driven innovation in lubricants, refining, petrochemicals, pipelines, and in advancing in solar, hydrogen, bioenergy, CCU and nanotechnology.

The IV-IZOMaxCAT: Indigenous Light Naphtha Isomerization Technology is the 1st Indigenously developed noble metal-based environmentally benign catalyst technology to produce high quality isomerate, used as a blending component in BS-VI gasoline. The catalyst has been successfully commercialised at the IOCL BGR Isomerization unit, with a feed capacity of 153 kTA, in July 2024.

1. Mangalore Refinery & Petrochemicals Limited (MRPL)- Deodoring Unit (DeoU) – Technology for Odourless Process Industries

MRPL operated a 15 MMTPA refinery with advanced secondary processing units, and high flexibility to process a wide range of crude oils, producing quality petroleum products such as naphtha, LPG, Motor Spirit, Kersoene, ATF, sulphur, Bitumen, and its Novolen gas phase polypropylene plant produces range of homopolymer grades.

The Deodoring Unit (DeoU) process technology is a pioneering solution for mitigating odor in refinery off-gas streams through a photocatalytic oxidation approach. A patent application was filed in August 2018 and the technology was granted patent protection in September 2023. The DeoU was successfully commissioned in October 2023, and has provided odor reduction efficiency of 85-90% for two years. This achievement underscores MRPL’s commitment to sustainable innovation, offering refining sector a cost- effective scalable, and environmentally responsible solution for odor abatement.