About Federation of Indian Petroleum Industry Federation of Indian Petroleum Industry (FIPI) is an apex Society of entities in the hydrocarbon sector and acts as an industry interface with Government and regulatory authorities. It helps in resolution of issues and evolution of policies and regulations. It represents the industry on Government bodies, committees and task forces and has been submitting recommendations to the Government on behalf of the industry on various issues. It aims to be the most effective and influential voice of the oil & gas industry to facilitate its development as a globally competitive industry in India that enjoys the respect and trust of the society. Several Government policy initiatives have their genesis in its reports and publications, some of which are quoted in documents like the Integrated Energy Policy. Award Objective The hydrocarbon industry operates in a challenging environment beset with uncertainties and risks. The companies embarking upon path breaking initiatives can dramatically change the stature of the company by sustaining financial and operational performance, creating key differentiator(s) and contributing to the growth of the nation. Such initiatives may involve conceiving a new business segment or expanding their current business area significantly by adopting innovative practices and/or infusing latest technologies which can be considered as a game changer. This award recognises such game changing initiative(s) undertaken by oil and gas companies for unfolding the future for their growth as well as the growth of the nation. Application process All applications/nominations must be submitted using the prescribed application forms. Applicants are required to provide information for the year under review of the award or earlier years as specified. The performance of an applicant during the financial year (between 1stApril to 31st March) would be considered for the awards evaluation e.g. For FIPI Awards 2017, performance during Financial Year 2016-17 would be considered. Application/nomination in multiple categories is encouraged, however each application must be completed separately. Application/nomination for each category shall be treated as independent of other application(s) for qualification and evaluation. For the purpose of evaluation, information furnished in the application would only be considered. For corporate award categories, applicants are requested to attach a copy of annual report of their company pertaining to the period as mentioned in the application form. No material/document received shall be returned to the applicant(s). All applications/nominations must mention name of the person(s) who will be accepting the award if the applicant/nominee emerges as the
winner under the respective award category. Additional supporting material may include marketing videos, brochures, advertisements, photographs and other documents. Submission of supporting material is optional. The application and supporting material sent by post or courier should be accompanied by a soft copy (in CD) also. Approving authority should be of the rank of Head of the Department (HoD), Director, CEO, Chairman. The application for this award shall be recommended by the business unit head of the Company. Company shall recommend maximum of two entries. Minimum number of entries required for this award is Two. However the jury reserves the right to award despite number of applications received. Application/nomination and supporting materials must be received by 1700 hours on January 31, 2018. No extensions to this date will be granted under normal circumstances and incomplete entries will not be considered. Confidentiality FIPI and associated agencies would be obliged not to share any information provided by applicants and/or the evaluation criteria with any agencies or individuals other than those involved or engaged by FIPI, the Awards Committee members and the Jury. Applicants are requested to specifically identify in the applications, any confidential information they have furnished for due treatment by FIPI and agencies or individuals associated with these awards evaluation. All other information received will be treated as fit for dissemination as needed by FIPI for its activities. Evaluation Each award description includes the “minimum number of entries”. Each award category needs to necessarily receive those minimum specified number of entries for further evaluation. In case minimum number of entries is not received for that award category by the cut-off time, FIPI reserves the right for not evaluating and awarding that award category. For the purpose of evaluation of quantitative parameters, best applicant against specified parameter shall score maximum and be considered datum for comparison for other entries unless otherwise stated against the parameter except for few specified parameters as per approved scheme of FIPI. As a general principle it is decided that there is no negative marking. Evaluation of qualitative parameters is subject to the judgment of the Awards Committee and the Jury. The decision of the Jury for selection of a particular awardee will be final and binding and cannot be appealed in any court of law. Applicants are advised to strictly comply with the word limit specified against each qualitative parameter. Any major deviation from the prescribed limit may be viewed unfavorably by the Awards Committee and the Jury.