|Aug 18, 2017|
|Aug 18, 2017|
Currency in INR
|Full time employees:||33,135|
Indian Oil Corp. Ltd. engages in refining, pipeline transportation and marketing of petroleum products. It also engages in the exploration and production of crude oil & gas, marketing of natural gas and petrochemicals. The company's operations are strategically structured along business verticals-refineries, pipelines, natural gas, marketing, research and development centre and petrochemicals. Its energy brands include Indane LP Gas, SERVO Lubricants, XtraPremium Petrol, XtraMile Diesel and PROPEL petrochemicals. It operates its business through the following segments: Sale of Petroleum Products, Sale of Petrochemicals and Other Businesses. The Sale of petroleum products segment comprises of indane gas, auto gas, natural gas, petrol/gasoline, diesel and gas oil, ATF and Jet fuel, SERVO lubricants and greases, marine fuels and lubricants, kerosene bulk and industrial fuels and bitumen. The Sale of petrochemicals segment offers products, including glycol, linear alkyl benzene, purified terephthallic acid and polymers. The Other Businesses segment includes sale of gas, explosives & cryogenics, wind mill & solar power generation and oil & gas exploration activities. Indian Oil was founded on June 30, 1959 and is headquartered in New Delhi, India.
India's largest commercial enterprise, Indian Oil leads various segments of the country's oil and gas industry. Along with subsidiary Chennai Petroleum, the group controls roughly 50% of the market for petroleum products and 30% of national refining capacity.
The Indian government owns nearly 70% of the Fortune 500 company; indirectly, the government holds another 19% stake through state energy companies Oil and Natural Gas Corp. and Oil India.
Indian Oil was established in 1959 with the aim of making India self-sufficient in oil refining and marketing operations. Originally known as Indian Oil Company, it adopted its present name in 1964 after a merger with Indian Refineries, established in 1958. Under the administrative control of the Ministry of Petroleum & Natural Gas, the company has also made forays into alternative energy, including wind, solar, biofuels and nuclear power. The group has three Indian subsidiaries and six international ones, along with 16 joint ventures.
B. Ashok, who joined the company in 1981, has served as Indian Oil's chairman since July 2014. Long a key figure in guiding the business, he is behind initiatives such as installing pilfer-proof locks on tanker trucks to prevent theft and tampering. Another example is a smartphone app that keeps Indian Oil field officers abreast of business information in real time. The chairman is known to be an avid reader, musician and sports enthusiast.
In the news
August 17, 2017 10:48 pm JST
August 17, 2017 9:06 am JST
August 7, 2017 9:27 pm JST
August 4, 2017 8:43 pm JST
August 4, 2017 8:37 pm JST
August 3, 2017 10:44 pm JST
August 3, 2017 9:01 pm JST
- Local currency
- US Dollar
|Income before tax||279,558M|
|Dividends per share||19|
|Operating cash flow||279,442.3M|
Currency in INR
|Income before tax||4,168.95M|
|Dividends per share||0.28|
|Operating cash flow||4,167.23M|
Currency in USD
- Executive Director-Operations: S. Balasubramanian
- Director & Finance Director: Arun Kumar Sharma
- Director & Director-Research & Development: SSV Ramakumar
- Executive Director-Information Systems: Rajiv Chawla
- Executive Director-Information Systems: Alok Khanna
- Government of India(57.3%)
- Oil & Natural Gas Corp. Ltd.(13.7%)
- Life Insurance Corp. of India(7.3%)
- Oil India Ltd.(5%)
- Indian Oil Corp. Ltd.(2.4%)
- ICICI Prudential Asset Management Co. Ltd.(0.8%)
- Reliance Nippon Life Asset Management Ltd.(0.7%)
- The Vanguard Group, Inc.(0.7%)
- Norges Bank Investment Management(0.4%)
- BlackRock Fund Advisors(0.3%)
- Website: http://www.iocl.com
- Address: Josep Broz Tito Marg, Sadiq Nagar, New Delhi, 110049, India
- Phone: +91.11.26260000
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.