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Indian Oil Corporation
please note:
- the content below is remote from Wikipedia
- it has been imported raw for GetWiki
{{Short description|Central Public Sector Undertaking }}{{Use Indian English|date=September 2017}}{{Use dmy dates|date=September 2020}}- the content below is remote from Wikipedia
- it has been imported raw for GetWiki
| factoids |
|---|
- New Delhi, India (headquarters)
- Mumbai, Maharashtra, India (registered office){edih}
- Indian Refineries Ltd. (1958)
- Indian Oil Corporation (1959)
- IndianOil (Mauritius) Limited
- Lanka IOC PLC
- IOC Middle East FZE
- Chennai Petroleum Corporation Limited
- Petronet LNG| homepage = {{Official URL}}
History
In May 2018, IOCL became India’s most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18.NEWS, IOC most profitable PSU for 2nd yr in a row; displaces ONGC,www.indiatoday.in/pti-feed/story/ioc-most-profitable-psu-for-2nd-yr-in-a-row-displaces-ongc-1246700-2018-05-31, India Today, 31 May 2018, 31 May 2018,web.archive.org/web/20180606074512/https://www.indiatoday.in/pti-feed/story/ioc-most-profitable-psu-for-2nd-yr-in-a-row-displaces-ongc-1246700-2018-05-31, 6 June 2018, live, In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020.NEWS,www.reuters.com/article/us-india-oil-russia-idUSKBN1ZZ1CD, India’s IOC signs annual deal on option to buy crude from Russia’s Rosneft, 5 February 2020, Reuters, 5 February 2020, en, 5 February 2020,web.archive.org/web/20200205132008/https://www.reuters.com/article/us-india-oil-russia-idUSKBN1ZZ1CD, live, By 1 April 2020, IndianOil was in absolute readiness to launch BS-VI (Bharat Stage VI) fuels in all its retail outlets in Telangana and adopt world-class emission norms.WEB,www.livemint.com/auto-news/indian-oil-to-supply-bs-vi-fuels-in-telangana-from-april-1-11583985429610.html, Indian Oil to supply BS-VI fuels in Telangana from April 1, 12 March 2020, mint, 12 March 2020, 13 June 2021,web.archive.org/web/20210613062701/https://www.livemint.com/auto-news/indian-oil-to-supply-bs-vi-fuels-in-telangana-from-april-1-11583985429610.html, live, In January 2021, sales were registered at an all time high of 410,000 barrels of oil per day till 26 January 2021. Delek, QatarEnergy, and Saudi Aramco are its largest business partners with Abu Dhabi National Oil Company and National Iranian Oil Company signing deals to deliver high production output by the end of 2020.In March 2022, Apollo Hospitals replaced Indian Oil Corporation in Nifty 50 benchmark index.WEB,www.moneycontrol.com/news/business/markets/nse-revises-its-eligibility-criteria-and-replaces-stocks-in-its-key-indices-8160991.html, Apollo Hospitals replaces IOC in Nifty50 as NSE revises eligibility norms, swaps stocks in key indices, 24 February 2022, 27 June 2022, 27 June 2022,web.archive.org/web/20220627074348/https://www.moneycontrol.com/news/business/markets/nse-revises-its-eligibility-criteria-and-replaces-stocks-in-its-key-indices-8160991.html, live,Operations
File:Indian Oil Corporation sign.jpg|thumb|right|World’s highest retail outlet (3,740 Mtr. above MSL) under IOCL, located in Kaza, Himachal PradeshHimachal PradeshFile:Indian Oil Petrol Bunk 06122016.jpg|thumb|right|IOCL Petrol Pump under construction in KhammamKhammamFile:IndianOil_Fueling_Station_Kapsi.jpg|thumb|An Indian Oil Fueling Station in Kapsi, ChhattisgarhChhattisgarhFile:Indian Oil Petrol Station.JPG|thumb|right|An Indian Oil Petrol pump near Dera Bassi in Punjab, IndiaPunjab, IndiaFile:Indian Oil fuel truck on way to Ladakh.jpg|thumb|right|An Indian Oil fuel truck on its way to LadakhLadakhFile:Indian oil chembur1.JPG|thumb|right|A typical IOCL petrol pump in cities of India - Chembur, MumbaiMumbaiFile:Ioc basaveshwaranagar.png|thumb|Indian Oil Petrol Bunk in Basaveshwaranagar, BangaloreBangaloreFile:Ashok Leyland Aviation Fuel Tanker at New Delhi Airport.jpg|thumb|IndianOil aviation fuel tanker in front of Terminal 1D at Indira Gandhi International AirportIndira Gandhi International AirportFile:Haldia Refinery.jpg|thumb|An oil refinery under IOCL in Haldia, West BengalWest BengalBusiness divisions
There are seven major business divisions in the organisation:- Refineries DivisionWEB,www.iocl.com/AboutUs/Refineries.aspx, Refining : Oil and Gas Technology : IndianOil, www.iocl.com, 18 September 2017,web.archive.org/web/20170916142315/https://www.iocl.com/AboutUs/Refineries.aspx, 16 September 2017, live,
- Pipelines DivisionWEB,www.iocl.com/AboutUs/Pipelines.aspx, Pipelines : Oil and Gas Pipeline : Gas and Oil Energy, www.iocl.com, 18 September 2017,web.archive.org/web/20170916141944/https://www.iocl.com/AboutUs/Pipelines.aspx, 16 September 2017, live,
- Marketing DivisionWEB,www.iocl.com/AboutUs/Marketing.aspx, Marketing : Oil and Gas Service Companies, www.iocl.com, 18 September 2017,web.archive.org/web/20170916141731/https://www.iocl.com/AboutUs/Marketing.aspx, 16 September 2017, live,
- R&D DivisionWEB,www.iocl.com/AboutUs/Research_Development.aspx, R & D Centre : Indian Oil, www.iocl.com, 18 September 2017,web.archive.org/web/20170701231933/https://www.iocl.com/aboutus/Research_Development.aspx, 1 July 2017, live,
- Petrochemicals DivisionWEB,www.iocl.com/AboutUs/Petrochemicals.aspx, Petrochemicals : World Class Petrochemicals, www.iocl.com, 18 September 2017,web.archive.org/web/20170916141311/https://www.iocl.com/AboutUs/Petrochemicals.aspx, 16 September 2017, live,
- Exploration & Production (E&P) DivisionWEB,www.iocl.com/AboutUs/e_and_p.aspx, Exploration and Production: Oil and Gas Exploration and Production, www.iocl.com, 18 September 2017,web.archive.org/web/20170916141352/https://www.iocl.com/AboutUs/e_and_p.aspx, 16 September 2017, live,
- Explosives and Cryogenics DivisionWEB,www.iocl.com/AboutUs/Explosives_and_Cryogenics.aspx, Exploration and Production: Oil and Gas Exploration and Production, www.iocl.com, 18 September 2017,web.archive.org/web/20170916142129/https://www.iocl.com/AboutUs/Explosives_and_Cryogenics.aspx, 16 September 2017, live,
Products and services
Indian Oil 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 Indian Oil Group owns and operates 11 of India’s 23 NEWS, India Oil Corporation nears first deal to export fuel to Bangladesh: Sources,www.thehindubusinessline.com/companies/india-oil-corporation-nears-first-deal-to-export-fuel-to-bangladesh-sources/article31614027.ece, @businessline, en, 22 May 2020, 23 May 2020,web.archive.org/web/20200523131510/https://www.thehindubusinessline.com/companies/india-oil-corporation-nears-first-deal-to-export-fuel-to-bangladesh-sources/article31614027.ece, live, refineries with a combined refining capacity of 80.7 million tonnes per year.NEWS,www.pipeline-conference.com/companies/indian-oil-corporation, Indian Oil Corporation, 3 July 2011, 13th Pipeline Technology Conference, 17 September 2017, en,web.archive.org/web/20170918154418/https://www.pipeline-conference.com/companies/indian-oil-corporation, 18 September 2017, live, Indian Oil’s cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km. The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metres per day at standard conditions for gas. On 19 November 2017, IOCL, in collaboration with Ola, launched India’s first electric charging station at one of its petrol-diesel stations in Nagpur.NEWS,www.thehindubusinessline.com/companies/indian-oil-sets-up-indias-first-electric-vehicle-charging-station/article9969318.ece, Indian Oil sets up India’s first electric vehicle charging station, 22 November 2017, The Hindu BusinessLine, 23 January 2018,www.thehindubusinessline.com/companies/indian-oil-sets-up-indias-first-electric-vehicle-charging-station/article9969318.ece," title="web.archive.org/web/20171122070718www.thehindubusinessline.com/companies/indian-oil-sets-up-indias-first-electric-vehicle-charging-station/article9969318.ece,">web.archive.org/web/20171122070718www.thehindubusinessline.com/companies/indian-oil-sets-up-indias-first-electric-vehicle-charging-station/article9969318.ece, 22 November 2017, live, Indian governments’ National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of 6 to 8 million electric and hybrid vehicles in India by 2020.WEB, National Electric Mobility Mission Plan,pib.nic.in/newsite/PrintRelease.aspx?relid=116719, Government of India Press Information Bureau, 17 March 2018, 10 March 2015,pib.nic.in/newsite/PrintRelease.aspx?relid=116719," title="web.archive.org/web/20180317232413pib.nic.in/newsite/PrintRelease.aspx?relid=116719,">web.archive.org/web/20180317232413pib.nic.in/newsite/PrintRelease.aspx?relid=116719, 17 March 2018, live, Servo is the lubricants brand under which IOCL operates its lubricant business. Servo is the largest selling lubricant brand in both automotive and industrial segments.It is said that deals with Royal Dutch Shell and Surgutneftegas and Chevron Corporation have been signed for exclusive business plans for supply in Asia with the Indian Oil Company, which are worth 20 billion dollars per year.Oil refinery locations
- Barauni Refinery
- Bongaigaon Refinery
- CPCL, Chennai
- CPCL, Narimanam
- Digboi Refinery
- Guwahati Refinery
- Haldia Refinery
- Koyali Refinery
- Mathura Refinery
- Panipat Refinery
- Paradip Refinery
Pipelines
- Salaya - Mathura crude oil pipeline
- Mundra - Panipat crude oil pipeline
- Paradip-Haldia-Barauni crude oil pipeline
- Kandla–Bhatinda Oil Pipeline
- Koyali - Mohanpura product pipeline
- Koyali - Ahmedabad product pipeline
- Guwahati - Siliguri product pipeline
- Barauni - Kanpur product pipeline
- Patna-Motihari-Baitalpur Product pipeline
- Haldia - Mourigram - Rajbandh product pipeline
- Haldia - Barauni product pipeline
- Panipat - Jalandhar LPG pipeline
- Dadri - Panipat R-LNG pipeline
- Koyali - Ratlam product pipeline
- Koyali - Dahej/ Hazira product pipeline
- Panipat - Bhatinda product pipeline
- Panipat - Rewari product pipeline
- Panipat - Ambala - Jalandhar product pipeline
- Mathura - Delhi product pipeline
- Mathura - Bharatpur product pipeline
- Mathura - Tundla product pipeline
- Chennai - Trichy - Madurai product pipeline
- Chennai - Bangalore product pipeline
- Chennai ATF pipeline
- Bangalore ATF pipeline
- Kolkata ATF pipeline
- Paradip - Raipur - Ranchi product pipeline
- Jaipur Panipat Naphtha Pipeline
- Paradip - Hyderabad product pipeline
- Paradip-Haldia-Barauni-Motihari LPG Pipeline
- Paradip-Somnathpur-Haldia Product Pipeline
Foreign subsidiaries
Subsidiaries include:WEB, IndianOil Group Companies : Oil and Gas Industry,iocl.com/AboutUs/GroupCompanies_JVs.aspx, 2021-05-27, iocl.com, 14 May 2021,web.archive.org/web/20210514095724/https://iocl.com/AboutUs/GroupCompanies_JVs.aspx, dead,- IndianOil (Mauritius) Limited
- IOC Middle East FZE, UAE
- Lanka IOC PLC, Sri Lanka
- IOC Sweden AB, Sweden
- IOCL (USA) Inc., USA
- IndOil Global B.V. Netherlands
- IOCL Singapore Pte. Ltd.
Employees
(File:The Sky is the Limit - IOC heigth 6.3m 2010 photo by BalanNambiar.JPG|thumb|right|A sculpture on the premises of IOCL Corporate Office, New Delhi, India)As of 31 March 2021, the company had 31,648 employees, out of which 2,775 were women (8.77%). Its workforce includes 17,762 executives and 13,886 non-executives.WEB, IOCL Management Discussions,www.bseindia.com/bseplus/AnnualReport/530965/5309650313.pdf, BSE India, 23 September 2015,www.bseindia.com/bseplus/AnnualReport/530965/5309650313.pdf," title="web.archive.org/web/20150923195026www.bseindia.com/bseplus/AnnualReport/530965/5309650313.pdf,">web.archive.org/web/20150923195026www.bseindia.com/bseplus/AnnualReport/530965/5309650313.pdf, live, The attrition rate in Indian Oil is around 1.5%.WEB,hightea.timesjobs.com/candidate/chatTranscript.html?chatId=178, HighTea Chat Transcript with Mr. Biswajit Roy: GM (HRD), Indian Oil Corporation, Times Jobs, 22 January 2014, 26 January 2014, The company spent ₹96.57 billion on employee benefits during the FY 2016–17.Listing and shareholding
Indian Oil’s equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.WEB,economictimes.indiatimes.com/indian-oil-corporation-ltd/infocompanylisting/companyid-11924.cms, Listing Information – Indian Oil Corporation Limited, Economic Times, 27 January 2014,economictimes.indiatimes.com/indian-oil-corporation-ltd/infocompanylisting/companyid-11924.cms," title="web.archive.org/web/20140227185053economictimes.indiatimes.com/indian-oil-corporation-ltd/infocompanylisting/companyid-11924.cms,">web.archive.org/web/20140227185053economictimes.indiatimes.com/indian-oil-corporation-ltd/infocompanylisting/companyid-11924.cms, 27 February 2014, live, As of September 2018, it was owned 51% by the Government of India (through the President of India), and 43% by other entities. The latter included corporate bodies (20%), ONGC (14%), LIC (6%), Foreign portfolio investors (6%)rbidocs.rbi.org.in/rdocs/notification/PDFs/71APDIR030215.pdf {{Webarchive|url=https://web.archive.org/web/20161018140037rbidocs.rbi.org.in/rdocs/Notification/PDFs/71APDIR030215.pdf |date=18 October 2016 }} {{Bare URL PDF|date=March 2022}} Oil India Limited (5%) and Indian Mutual funds (4%).WEB, Share holding pattern 30 September 2018,iocl.com/download/LODR-SHP(2018-09-30).pdf, IOC Official website, IOC, 11 October 2018,web.archive.org/web/20181011133503/https://iocl.com/download/LODR-SHP(2018-09-30).pdf, 11 October 2018, live, This was similar to its shareholding in 2017. As of 31 December 2017, the Promoters Government of India held approx. 56.98% of the shares in Indian Oil Corporation. The public held the rest of the shares – 43.02%. This includes Mutual Fund Companies, Foreign Portfolio Investors, Financial Institutions/ Banks, Insurance Companies, Individual Shareholders and Trusts.WEB,www.iocl.com/download/LODRSHP-(2017-12-31).pdf, Indian Oil Corporation {{!, Shareholding Pattern|date=31 December 2017|website=www.iocl.com|access-date=25 February 2018|archive-url=https://web.archive.org/web/20180225205537www.iocl.com/download/LODRSHP-(2017-12-31).pdf|archive-date=25 February 2018|url-status=live}} IOCL’s Market cap as of December 2022 was Rs. 1,10,075.05 crore.WEB, Top 100 stocks by Market Capitalization {{!, BSE Listed stocks Market Capitalization |url=https://www.bseindia.com/markets/equity/eqreports/topmarketcapitalization.aspx |access-date=2022-12-19 |website=www.bseindia.com |archive-date=25 July 2019 |archive-url=https://web.archive.org/web/20190725202033www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx |url-status=live }}{| class=“wikitable”Strategic partnerships
IOC Phinergy Pvt Ltd
Indian Oil Corporation (IOC) buys a stake in Phinergy (Israel) for manufacturing, development, and sale of aluminum-air batteries (Al-Air batteries) for electric vehicles. This joint venture is ready to facilitate the development of Al-Air technology by intending to set up a factory in India.WEB,energy.economictimes.indiatimes.com/news/oil-and-gas/indianoil-buys-stake-in-phinergy-of-israel-for-manufacturing-of-aluminium-air-batteries/73935714, IndianOil buys stake in Phinergy of Israel for manufacturing of aluminium-air batteries - ET EnergyWorld, ETEnergyworld.com, 13 March 2020, 6 March 2020,web.archive.org/web/20200306133310/https://energy.economictimes.indiatimes.com/news/oil-and-gas/indianoil-buys-stake-in-phinergy-of-israel-for-manufacturing-of-aluminium-air-batteries/73935714, live,Competition
Indian Oil Corporation has two major domestic competitors – Bharat Petroleum and Hindustan Petroleum – and both are state-controlled, like Indian Oil Corporation. Major private competitors include – Reliance Petroleum, Essar Oil and Shell.Oil Industry Development Board
India has begun the development of a strategic crude oil reserve sized at {{convert|37.4|Moilbbl|m3}}, enough for two weeks of consumption.WEB,www.gasandoil.com/goc/news/nts43834.htm, Alexander’s Gas & Oil Connections – India to build up storage of crude oil, Gasandoil.com, 21 September 2004, 26 August 2010,www.gasandoil.com/goc/news/nts43834.htm," title="web.archive.org/web/20090418001150www.gasandoil.com/goc/news/nts43834.htm,">web.archive.org/web/20090418001150www.gasandoil.com/goc/news/nts43834.htm, 18 April 2009, dead, Petroleum stocks have been transferred from the Indian Oil Corporation to the Oil Industry Development Board (OIDB).WEB,www.thehindubusinessline.com/2006/04/02/stories/2006040202220200.htm, Strategic oil reserves to come directly under Govt, The Hindu Business Line, 2 April 2006, 26 August 2010,www.thehindubusinessline.com/2006/04/02/stories/2006040202220200.htm," title="web.archive.org/web/20090212181220www.thehindubusinessline.com/2006/04/02/stories/2006040202220200.htm,">web.archive.org/web/20090212181220www.thehindubusinessline.com/2006/04/02/stories/2006040202220200.htm, 12 February 2009, live, The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling government agency for the strategic reserve.WEB,economictimes.indiatimes.com/India_to_form_crude_oil_reserve_of_5_mmt/articleshow/2137148.cms, ‘India to form crude oil reserve of 5 mmt’- Oil & Gas-Energy-News By Industry-News-The Economic Times, Economictimes.indiatimes.com, 20 June 2007, 26 August 2010,economictimes.indiatimes.com/India_to_form_crude_oil_reserve_of_5_mmt/articleshow/2137148.cms," title="web.archive.org/web/20090111113327economictimes.indiatimes.com/India_to_form_crude_oil_reserve_of_5_mmt/articleshow/2137148.cms,">web.archive.org/web/20090111113327economictimes.indiatimes.com/India_to_form_crude_oil_reserve_of_5_mmt/articleshow/2137148.cms, 11 January 2009, live,See also
- Oil India
- Oil and gas industry in India
- List of companies of India
- List of largest companies by revenue
- List of corporations by market capitalisation
- Make in India
- Forbes Global 2000
- Fortune India 500
- Rajiv Gandhi Institute of Petroleum TechnologyWEB,www.topnews.in/sonia-lay-foundation-rajiv-gandhi-petroleum-institute-rae-bareli-221339, Sonia to lay foundation for Rajiv Gandhi Petroleum Institute in Rae Bareli - TopNews, www.topnews.in, 20 October 2016,web.archive.org/web/20180509151043/https://www.topnews.in/sonia-lay-foundation-rajiv-gandhi-petroleum-institute-rae-bareli-221339, 9 May 2018, live,
- Indane (LPG)
- Durand Cup
References
{{reflist}}External links
- {{Official website}}
- content above as imported from Wikipedia
- "Indian Oil Corporation" does not exist on GetWiki (yet)
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- "Indian Oil Corporation" does not exist on GetWiki (yet)
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