Industry Oil and Gas
Customer service 1800 233 3555
Revenue 4.455 trillion INR (2015)
|Traded as BSE: 530965
Headquarters New Delhi
|Key people Mr. Sanjiv Singh (Chairman)|
Products Fuels, lubricants, petrochemicals
Stock price IOC (NSE) ₹ 371.90 -2.85 (-0.76%)10 Mar, 3:30 PM IST - Disclaimer
Subsidiaries Chennai Petroleum Corporation Limited
Indian oil corporation
Indian Oil Corporation (IndianOil) is India's Largest Commercial Enterprise, with a net profit of ₹103.99 billion (US$1.5 billion) for the financial year 2015-16.
- Indian oil corporation
- Downstream major
- International rankings
- Listing and shareholding
- Oil Industry Development Board
In accordance with its corporate vision of being ‘The Energy of India’, IndianOil has been successfully meeting the energy demands of India for more than five decades. It is the leading Indian Corporate in Fortune's prestigious ‘Global 500’ listing of world's largest corporates at 161st position for the year 2016, and has a 33,000 strong workforce.
IndianOil's business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals. Also, IndianOil has ventured into alternative energy and globalisation of downstream operations. With subsidiaries in Sri Lanka, Mauritius and the UAE, IndianOil is scouting for new business opportunities in the energy markets across Asia and Africa. It has also formed about 20 joint ventures with reputed business partners from India and abroad to pursue diverse business interests.
IndianOil 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 IndianOil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tonnes per annum). IndianOil's cross-country pipeline network, for transportation of crude oil to refineries and finished products to high-demand centres, spans over 11,220 km. With a throughput capacity of 80.49 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. With a portfolio that is bedecked with leading energy brands like XTRAPREMIUM petrol, XTRAMILE diesel and PROPEL petrochemicals, IndianOil's SERVO lubricants and Indane LPG have earned the coveted Superbrand status.
IOCL has various refineries across India:
As of 31 March 2013, the company had 34,084 employees, out of which 2643 were women (7.8%). Its workforce includes 14,981 officers. The attrition rate in IndianOil is around 1.5%. The company incurred INR 78 billion on employee benefits during the FY 2012-13.
Listing and shareholding
IndianOil's equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.
As of 23 August 2015, the promoters Government of India held approx. 68.57% of the shares in IndianOil. ONGC held approx. 9% of the shares. Remaining 12% of the shares are held by others. On 23 August 2015, the Government of India reduced its stake by another 10% bringing the number shares held to 58.57%.
Indian Oil Corporation has two major domestic competitors, Bharat Petroleum and Hindustan Petroleum. Both are state-controlled, like Indian Oil Corporation. There are two private competitors: Reliance Industries and Essar Oil.
Oil Industry Development Board
India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels (5,950,000 m3), enough for two weeks of consumption. Petroleum stocks have been transferred from the Indian Oil Corporation (IndianOil) to the Oil Industry Development Board (OIDB). The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling government agency for the strategic reserve.