Indian Oil Corporation
 |
|
| Public | |
| Traded as | : : IOC |
| Industry | Oil and Gas |
| Founded | 1959 |
| Headquarters | New Delhi, India |
|
Key people
|
B. Ashok (Chairman) |
| Products | Fuels, lubricants, petrochemicals |
| Revenue | ₹4.45526 trillion (US$69 billion) (2015) |
| ₹105.50 billion (US$1.6 billion) (2015) | |
| ₹48.71 billion (US$750 million) (2015) | |
| Total assets | ₹1.28059 trillion (US$20 billion) (2015) |
|
Number of employees
|
34,659 (2016) |
| Website | www |
Indian Oil Corporation (IndianOil) is India's Largest Commercial Enterprise, with a net profit of ₹103.99 billion (US$1.6 billion) for the financial year 2015-16.
In accordance with its corporate vision of being ‘The Energy of India’, IndianOil has been successfully meeting the energy demands of India for more than five decades. It is the leading Indian Corporate in Fortune's prestigious ‘Global 500’ listing of world's largest corporates at 161st position for the year 2016, and has a 33,000 strong workforce.
IndianOil's business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals. Also, IndianOil has ventured into alternative energy and globalisation of downstream operations. With subsidiaries in Sri Lanka, Mauritius and the UAE, IndianOil is scouting for new business opportunities in the energy markets across Asia and Africa. It has also formed about 20 joint ventures with reputed business partners from India and abroad to pursue diverse business interests.
IndianOil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity. The IndianOil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tonnes per annum). IndianOil's cross-country pipeline network, for transportation of crude oil to refineries and finished products to high-demand centres, spans over 11,220 km. With a throughput capacity of 80.49 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. With a portfolio that is bedecked with leading energy brands like XTRAPREMIUM petrol, XTRAMILE diesel and PROPEL petrochemicals, IndianOil's SERVO lubricants and Indane LPG have earned the coveted Superbrand status.
IOCL has various refineries across India:
As of 31 March 2013, the company had 34,084 employees, out of which 2643 were women (7.8%). Its workforce includes 14,981 officers. The attrition rate in IndianOil is around 1.5%. The company incurred INR 78 billion on employee benefits during the FY 2012-13.
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