The award, announced by a jury headed by Vice President Hamid Ansari in 2014, consists of a trophy, a cash prize of Rs 1 crore and a citation.
ISRO chairman Kiran Kumar received the award here on behalf of the space body.
"The International Jury of the Indira Gandhi Prize for Peace, Disarmament and Development awarded the prize for 2014 to ISRO in recognition of its path-breaking achievements, culminating in the Mars orbiter mission, its significant contributions in strengthening international cooperation in peaceful use of outer space," the citation read.
Singh presented the award for 2015 to the United Nations High Commissioner for Refugees at a function here in 2016.
Earlier recipients of the award include former American President Jimmy Carter, Namibian leader Sam Nujoma, Kenyan environmentalist Wangari Maathai and German chancellor Angela Merkel.
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