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    History & Background

    Uploaded by

    Santhosh Shetty
    Indian Oil Corporation is India's largest petroleum company, accounting for 47% of the petroleum products market share and 40% of refining capacity in India. It was formed in 1964 through the merger of Indian Refineries Ltd and began operating in 1959 as Indian Oil Company Ltd. Indian Oil owns and operates 10 of India's 19 refineries with a total refining capacity of 60.2 million metric tons per year. The company's mission includes reducing costs and focusing on customer satisfaction while achieving international standards of excellence and maximizing stakeholder value through leading technology and environmental protection. The vision is to become a leading global energy company and ensure availability and distribution of oil while remaining conscious of the environment.

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    History & Background

    Uploaded by

    Santhosh Shetty
    218 views8 pages
    Indian Oil Corporation is India's largest petroleum company, accounting for 47% of the petroleum products market share and 40% of refining capacity in India. It was formed in 1964 through the merger of Indian Refineries Ltd and began operating in 1959 as Indian Oil Company Ltd. Indian Oil owns and operates 10 of India's 19 refineries with a total refining capacity of 60.2 million metric tons per year. The company's mission includes reducing costs and focusing on customer satisfaction while achieving international standards of excellence and maximizing stakeholder value through leading technology and environmental protection. The vision is to become a leading global energy company and ensure availability and distribution of oil while remaining conscious of the environment.

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    Indian Oil Corporation is India's largest petroleum company, accounting for 47% of the petroleum products market share and 40% of refining capacity in India. It was formed in 1964 through the merger of Indian Refineries Ltd and began operating in 1959 as Indian Oil Company Ltd. Indian Oil owns and operates 10 of India's 19 refineries with a total refining capacity of 60.2 million metric tons per year. The company's mission includes reducing costs and focusing on customer satisfaction while achieving international standards of excellence and maximizing stakeholder value through leading technology and environmental protection. The vision is to become a leading global energy company and ensure availability and distribution of oil while remaining conscious of the environment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    218 views8 pages

    History & Background

    Uploaded by

    Santhosh Shetty
    Indian Oil Corporation is India's largest petroleum company, accounting for 47% of the petroleum products market share and 40% of refining capacity in India. It was formed in 1964 through the merger of Indian Refineries Ltd and began operating in 1959 as Indian Oil Company Ltd. Indian Oil owns and operates 10 of India's 19 refineries with a total refining capacity of 60.2 million metric tons per year. The company's mission includes reducing costs and focusing on customer satisfaction while achieving international standards of excellence and maximizing stakeholder value through leading technology and environmental protection. The vision is to become a leading global energy company and ensure availability and distribution of oil while remaining conscious of the environment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    History & Background

    Indian Oil Corporation is an Indian public-sector petroleum company. It is Indias largest commercial enterprise, ranking 105th on the Fortune Global 500 listing (2009). It began operation in 1959 as Indian Oil Company Ltd. It was formed in 1964, with the merger of Indian Refineries Ltd. Indian Oil and its subsidiaries account for a 47% share in the petroleum products market, 40% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of Companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 60.2 million metric tons per year.

    Mission
    Prices of products and services primarily in cost reduction and focus on customer satisfaction Jaria full of energy and diversity in all aspects of business to achieve international standards of excellence Stakeholder on for creating wealth, value and satisfaction to maximize . Competitive for the benefit of latest technology development, adoption and assimilation in the leading position it to receive . Identity and brand equity for specific Corporate trade policy and overall quality management to set higher standards . Environment by creating awareness in people's lives to help bring prosperity and environmental balance and protecting the national heritage.

    Vision
    A leading, diversified, worldwide, with total energy company - a leading national level while remaining fully conscious of the environment and the oil company to become a national role in ensuring availability and distribution of public discharge .

    Core Values
    Conservation Concerns Equanimity Understanding Support Empowerment

    Faith
    Follow the word Reliability Dependence Honesty True loyalty

    Attachment
    Commitment Dedication Motivation Affinity Warm

    Products
    *AutoGas *IndianOil Aviation Service *Bitumen *High Speed Diesel *Bulk/Industrial Fuels
    Furnace Oil, Light Diesel Oil etc.

    Services
    Refining Refinery O&M Management Refinery Inspection Services Safety, Health & Environment Management etc.

    Pipelines Project Management Operation and Maintenance etc.

    *Indane Gas *SERVO lubricants & greases *Marine Fuels & Lubricants *MS/Gasoline *Petrochemicals *Special Products Benzene CBFS Food Grade Hexane etc.

    Marketing LPG Business, Retail Business, IndianOil Aviation Service, Loyalty Programs etc.

    Training Research & Development

    *Superior Kerosene Oil *Crude oil


    4

    SWOT Analysis
    Strength
    Decline in under recoveries for downstream oil companies Drop in Borrowings in a credit squeezed market Reducing fiscal deficit on account of subsidies for import dependent countries

    Weakness
    Low prices leading to low refining margins- Low revenue growth Economic slow down- Low demand Huge inventory losses experienced

    Opportunity
    Drop in commodity prices will reduce new projects costs Lower prices- lower working capital requirement SPR- Good time to construct and fill SPR

    Threat
    Investments in new projects suspended- setting stage for another price explosion Customs duty may be reintroduced affecting already depressed margins
    5

    Indian Oil. The Energy of India

    Awards & Recognition


    *SCOPE Gold Trophy for Environmental Excellence & Sustainable Development won by IndianOil. *IndianOil has been ranked as one of Best Employers in a survey conducted by Hewitt Associates in association with Outlook Business magazine. *IndianOil has been conferred the 'Business Superbrand 2008' status by the Superbrands Council of India. *IndianOil wins Retailer of the Year - 'Rural Impact Award'
    BML Munjal Award 2009

    *IndianOil conferred Business Super brand 2008 *Chairman, IndianOil receiving the World Petroleum Congress Excellence Award for R&D at Madrid
    6

    Carrier Span
    .Career

    Growth Opportunities .Entrepreneurial Culture .An Inspiring Work Environment .Welfare of Employees .Continuous Learning Curve .Diverse Business Interests

    Innovative Strategies
    .Refining .Pipelines .Marketing .Training .Research & Development
    7

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