|Feb 23, 2018|
|Feb 23, 2018|
Currency in INR
|Full time employees:||33,135|
Indian Oil Corp. Ltd. is a holding company, which engages in refining, pipeline transportation, and marketing of petroleum products. The firm also explores and produces crude oil and gas; and markets natural gas and petrochemicals. It operates through the following business segments: Petroleum Products, Petro-Chemicals, and Other Businesses. The Petroleum Products segment sells indane gas, auto gas, natural gas, petrol or gasoline, diesel and gas oil, marine fuels and lubricants, kerosene bulk, and industrial fuels and bitumen. The Petro-Chemicals segment offers glycol, linear alkyl benzene, purified terephthallic acid,and polymers. he Other Businesses segment covers the sale of gas, explosives, and cryogenics; wins mill and solar power generation; and oil and gas exploration activities. The company 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
Company is investing $3 billion to add 4,200 kilometers of pipeline.
February 12, 2018 10:05 pm JST
Critics say deal will only boost state coffers and not much else for the industry
February 1, 2018 10:26 pm JST
Burden on consumers increases pressure for action on fuel prices
February 1, 2018 4:01 pm JST
February 1, 2018 3:35 am JST
Concerns over rising bond yields hurt stock markets
January 30, 2018 9:11 pm JST
Energy producers, Apple suppliers among major losers
January 30, 2018 8:38 pm JST
January 30, 2018 8:31 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
- Finance Director & Director: Arun Kumar Sharma
- Director & Director-Research & Development: S. S. V. Ramakumar
- Executive Director-Finance, R&D: Rajiv Khanna
- Director & Pipelines Director: Anish Aggarwal
- Executive Director-Operations: S. M. Vaidya
- Government of India(56.9%)
- Oil & Natural Gas Corp. Ltd.(13.7%)
- Life Insurance Corp. of India(5.6%)
- Oil India Ltd.(5%)
- Indian Oil Corp. Ltd.(2.4%)
- ICICI Prudential Asset Management Co. Ltd.(1.3%)
- Reliance Nippon Life Asset Management Ltd. (Invt Mgmt)(0.8%)
- The Vanguard Group, Inc.(0.7%)
- SBI Funds Management Pvt Ltd.(0.4%)
- Norges Bank Investment Management(0.4%)
- Website: http://www.iocl.com
- Address: Plot No. 3079/3, Sadiq Nagar, New Delhi, 110049, India
- Phone: +91.11.26260000
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