Indian Oil Corporation
20 languages
Article
Talk
Read
Edit
View history
Tools
From Wikipedia, the free encyclopedia
(Redirected from IOCL)
Indian Oil Corporation Limited
Central Public Sector Undertaking Company type
BSE: 530965 Traded as
NSE: IOC
INE242A01010 ISIN
Energy: Oil and gas Industry
Indian Refineries Ltd. (1958) Predecessor
Indian Oil Corporation (1959)
30 June 1959; 64 years ago Founded
New Delhi, India (headquarters) Headquarters
Mumbai, Maharashtra, India
(registered office)
India, Sri Lanka, Middle East, Mauritius, & Area served
Worldwide.
Shrikant Madhav Vaidya (Chairman)[1] Key people
LNG Products
Lubricants
Natural gas
Petrochemicals
Petroleum
₹885,078 crore (US$110 billion) (2024)[2]
Revenue
₹57,288 crore (US$6.9 billion) (2024)[2] Operating income
₹43,161 crore (US$5.2 billion) (2024)[2] Net income
₹482,362 crore (US$58 billion) (2024)[2]
Total assets
₹188,163 crore (US$23 billion) (2024)[2]
Total equity
Ministry of petroleum, Government of India[3] Owner
30,439 (2024)[2] Number of
employees
IndianOil (Mauritius) Limited Divisions
Lanka IOC PLC
IOC Middle East FZE
Indane (LPG) Subsidiaries
Chennai Petroleum Corporation
Limited
Petronet LNG
www.iocl.com Website
Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian oil
and gas company under the ownership of the Ministry of Petroleum and Natural
Gas, Government of India. Registered in Mumbai but headquartered in New Delhi,[4] it
is a public sector undertaking whose operations are overseen by the Ministry of
Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list
of the world's biggest corporations as of 2022.[5] It is the largest government owned
oil producer[6] in the country both in terms of capacity and revenue. It has
consolidated refining capacity of 80.55MMTPA which it intends to increase to
107MMTPA by 2024-25.[7] As of 31 March 2021, Indian Oil's employee strength is
31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776
are women, comprising 8.77% of the total workforce.[8][9][10]
Indian Oil's business interests overlap the entire hydrocarbon value chain,
including refining, Pipeline, marketing of petroleum
products, exploration and production of Petroleum, natural gas and petrochemicals.
[11]
Indian Oil has ventured into renewable energy and globalisation of downstream
operations. It has subsidiaries in Sri Lanka (Lanka IOC),[12] Mauritius (IndianOil
(Mauritius) Ltd),[13] and the Middle East (IOC Middle East FZE).[14]
History[edit]
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.[15] 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.[16] 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.[17]
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.[18]
Operations[edit]
World's highest retail outlet (3,740 Mtr. above MSL)
under IOCL, located in Kaza, Himachal Pradesh IOCL
Petrol Pump under construction in Khammam An
Indian Oil Fueling Station in Kapsi, Chhattisgarh An
Indian Oil Petrol pump near Dera Bassi in Punjab, India
An Indian Oil fuel truck on its way to Ladakh
A typical IOCL petrol pump in cities of India
- Chembur, Mumbai Indian Oil Petrol Bunk
in Basaveshwaranagar, Bangalore at night IndianOil
aviation fuel tanker in front of Terminal 1D at Indira Gandhi International Airport
An oil refinery under IOCL in Haldia, West Bengal
Business divisions[edit]
There are seven major business divisions in the organisation:
1. Refineries Division[19]
2. Pipelines Division[20]
3. Marketing Division[21]
4. R&D Division[22]
5. Petrochemicals Division[23]
6. Exploration & Production (E&P) Division[24]
7. Explosives and Cryogenics Division[25]
Products and services[edit]
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 [26] refineries with a
combined refining capacity of 80.7 million tonnes per year.[27] 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.[28] 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.[29]
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[edit]
Barauni Refinery
Bongaigaon Refinery
CPCL, Chennai
CPCL, Narimanam
Digboi Refinery
Guwahati Refinery
Haldia Refinery
Koyali Refinery
Mathura Refinery
Panipat Refinery
Paradip Refinery
Pipelines[edit]
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[edit]
Subsidiaries include:[30]
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[edit]
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.[8][31] The attrition rate in Indian Oil is around 1.5%.[32] The company spent
₹96.57 billion on employee benefits during the FY 2016–17.[31]
Listing and shareholding[edit]
Indian Oil's equity shares are listed on the Bombay Stock Exchange and National
Stock Exchange of India.[33]
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%),[34] Oil India
Limited (5%) and Indian Mutual funds (4%).[35]
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.[36] IOCL's Market cap as
of December 2022 was Rs. 1,10,075.05 crore.[37]
Shareholding Shareholders (as on 31 March 2020)[38]
51.50% Promoter Group (President of India)
0.11% Central Government
5.81% Foreign Institutional Investors
4.66% Mutual Funds
6.01% General Public
8.32% Financial Institutions
23.59% Others
100.0% Total
