News Release Details

IndianOil and National Sports Development Fund Signs MoU for the ‘IndianOil - Shakti’ Project to Empower Budding Female Athletes
New Delhi 14-Mar-2024

A memorandum of understanding was signed today, between IndianOil Corporation Ltd. (IndianOil) and National Sports Development Fund (NSDF) for the "IndianOil Shakti Project," an ambitious initiative under IndianOil’s Corporate Social Responsibility (CSR) program, aimed at nurturing and empowering young female talent in athletics. The project, set to commence in the financial year 2024-25, is dedicated to supporting 30 female athletes under the age of 23 in middle and long-distance running categories. IndianOil has committed a financial support of nearly ₹16 crores over 36 months to the NSDF. The project will be implemented in collaboration with the National Sports Development Fund (NSDF), with the Sports Authority of India (SAI) playing a pivotal role.

The MoU signing ceremony for the IndianOil Shakti was held in the presence of Mr Pankaj Jain, Secretary, MoP&NG, Ms. Sujata Chaturvedi, Secretary (Sports), Mr S M Vaidya, Chairman, IndianOil and senior Officials from National Sports Development Fund (NSDF), Sports Authority of India (SAI) and IndianOil.

Speaking on the occasion, Mr. Pankaj Jain highlighted "IndianOil's engagement with sports extends beyond the IndianOil Shakti Project, positioning itself as a cornerstone in the Petroleum Sector Sports Promotion. This initiative not only champions athletes within the Public Sector Oil & Gas firms but has also seen IndianOil's employees attain glory as medallists and participants in prestigious events like the recent Asian Games. Their dedication to nurturing talent is evident through the support of coaching centres across various sports disciplines, significantly contributing to India's sports infrastructure.”

"IndianOil's endeavors, which extend well beyond their Corporate Social Responsibility (CSR) initiatives, are truly commendable. Their holistic approach to supporting sports, environmental conservation, particularly through its sole sponsorship of Project Cheetah, and cultural heritage, through assistance in preserving India's historical legacy showcases a model of corporate responsibility that is both admirable and exemplary", he added.

In her address, Ms. Chaturvedi expressed gratitude to IndianOil for the unwavering support towards fostering sports, emphasizing the significant strides yet to be made, particularly in women's sports. She highlighted the growing expectations spurred by recent sporting triumphs and the anticipation for India's bolstered representation in the global sporting arena.

Speaking about IndianOil Shakti project Mr S M Vaidya, Chairman, IndianOil said “At IndianOil, we believe in the transformative power of sports to inspire, unite, and pave new pathways for youth. Through this initiative, we aim to empower young female athletes, providing them with the resources and support they need to excel both nationally and internationally. This project reflects our CSR vision to contribute meaningfully to the socio-economic development of our nation by supporting budding talent at the grassroots and making India a sporting powerhouse. We take immense pride in fuelling the aspirations of India's future sporting stars and reinforcing our nation's position on the global sports map.”

The IndianOil Shakti Project not only focuses on enhancing the athletic performance of these young women but also emphasizes the importance of sports science, nutrition, and international exposure to prepare them for competing at the highest levels globally. This comprehensive support system is designed to elevate India's standing in athletics on the international stage. The athletes will be supported in middle and long-distance running categories including the 800m, 1500m, 3000m steeplechase, and 5000m. This project underscores IndianOil's dedication to fostering sporting excellence and empowering women in sports, reflecting the company's broader vision of social responsibility and national development.

Shyam Bohra
Executive Director (Corporate Communications & Coordination)
Indian Oil Corporation Limited

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.