ABOUT INDIAN OIL CORPORATION

Indian Oil Corporation is the largest commercial enterprise in India, engaged in the business of
refining, transportation and marketing of petroleum products throughout the country.
Indian Oil corporation ltd. (Indian Oil) was formed in 1694 through the merger of Indian Oil
Company Ltd. (Estd. 1959) and Indian Refineries Ltd. (Estd. 1958).
It is currently India’s largest company by sales with a turnover of Rs. 247,479 crore and the
highest-ever for an Indian company, and profits of Rs. 6,963 crore for fiscal 2007.
Indian Oil created history this year when it became the first corporate to breach the Rs. Two lakh
crore turnover mark, clocking revenues pegged at Rs. 247,479 crore and profit after tax of Rs.
6,963 crore for fiscal 2007-08.
Indian Oil is also the highest ranked Indian company in the prestigious Fortune ‘Global
500’listing, having moved up 18 places to the 135th position this year based on fiscal 2006
performance. It is also the 20th largest petroleum company in the world.
Indian Oil has also maintained its leadership status as India's numerous Uno corporate in the
prestigious listing, followed by Reliance Industries (269), Bharat Petroleum (325), Hindustan
Petroleum (336), Oil & Natural Gas Corporation (369) and State Bank of India (495).
As India’s flagship national oil company, Indian Oil accounts for 47% petroleum products
market share, 40.4% national refining capacity and 67% downstream pipeline throughout
capacity.
For the year 2007-08, the Indian Oil group sold 59.29 million tonnes of petroleum products,
including 1.5 million tonnes of natural gas and exports of 3.13 million tonnes.
Indian Oil controls 10 out of India’s 18 refineries with a current combined rated capacity of 60.2
million metric tones per annum (MMPTA) or 1.2millions barrels per day (bpd).
These include subsidiaries Chennai Petroleum Corporation Limited and Bongaigaon Petroleum
Corporation Limited. It owns and operates the country’s largest network of cross-network crude
Oil and product pipelines of 9,300 km, with a combined capacity of 52.75 MMPTA.
Indian Oil’s countrywide network of about 21,000 sales points of backed for supplies by its
extensive, well spread out marketing infrastructure comprising 169 bulk storage terminals,
installations and depots, 93 aviation fuel stations and 79 LPG bolting plants.
Its subsidiary, IBP Co. Ltd, is a stand-alone marketing company with a nationwide retail
network of over 32,550 sales points.
To maintain its competitive edge and leadership status, Indian Oil is investing Rs. 43,250 crore
(US $10.65 billion) during the XI Plan period (2007-12) in integration and diversification
projects, besides refining and pipeline capacity augmentation, product quality upgradation and
expansion of marketing infrastructure.

In petrochemicals, Indian Oil is currently implementing a master plan envisaging Rs. 30,000
crore (US$ 6.8 billion) investment by the year 2011-12. Through the world-scale Linear Alkyl
Benzene (LAB) plant set up for detergents manufacture at Gujarat Refinery, the Corporation has
already captured 38% market share in India besides exporting the product to Indonesia, Turkey,
Thailand, Vietnam, Norway and Oman. An integrated Paraxylene/Purified Terephthalic Acid
plant for polyester intermediates is already in operation at Panipat, while a Naphtha Cracker with
downstream polymer units is coming up at Panipat.
Indian Oil’s refinery-cum-petrochemicals complex at Paradip on the east coast of India is
proposed to be completed by 2011-12 and is expected to strengthen its presence in the sector.
In exploration & production (E&P), Indian Oil has bagged eight blocks under NELP (New
Exploration Licensing Policy) in India, in consortium with other companies. It has also acquired
participating interest in on-shore blocks in Assam and Arunachal Pradesh. Overseas ventures
include two gas blocks in Sirte Basin of Libya, the Farsi Exploration Block in Iran, onshore
farm-in arrangements in Gabon, an on land block in Nigeria and two on-shore blocks in Yemen.
The Corporation is also exploring opportunities to acquire a suitable medium-sized E&P
company to quickly consolidate its upstream portfolio.
In natural gas business, Indian Oil is targeting sale of 2 million tonnes in 2007-08, up from 1.5
million tonnes in 2006-2007. An LNG import terminal and city gas distribution projects are in
the pipeline in partnership with GAIL (India) and Great Eastern Energy Corporation Ltd.

Indian Oil’s ISO: 9002 certifies Aviation Service, with 63% market share, meets the fuel and
lubricants needs of domestic and international flag carriers, Defense Services and private aircraft
operators.
In the 2000 Industry Perception survey of Asia Pacific Trading Companies conducted by
Applied Trading Systems, Indian Oil has been ranked 2nd amongst the 14 National Oil
Companies.
In the list of 800 largest non-US companies published by Forbes Magazine, Indian Oil is ranked
100th by revenue.
Indian Oil’s world-class R&D Center has won recognition for its pioneering work in lubricants
formulation, refining processes, pipeline transportation and bio-fuels.
Indian Oil’s world class R&D Centre is perhaps Asia's finest. Besides pioneering work in
lubricants formulation, refinery processes, pipeline transportation and alternative fuels such as
bio-diesel, the Centre is also the nodal agency of the Indian hydrocarbon sector for ushering in
Hydrogen fuel economy in the country.
Indian Oil joined the league of global technology providers in 2006-07 with its in-house
developed INDMAX technology selected for the 4 MMTPA Fluidised Catalytic Cracking (FCC)
unit at the Corporation's upcoming 15 MMTPA refinery-cum-petrochemicals complex at Paradip
in Orissa, as well as for the FCC unit coming up at BRPL.
It has developed over 2,100 formulations of SERVO brand lubricants and greases for virtually all
conceivable applications – automotive, railroad, industrial and marine – meeting stringent
international standards and bearing the stamp of approval of all major original equipment
manufacturers.

VISION
A major, diversified, transnational, integrated energy company, with national leadership and a
strong environment conscience, playing a national role in oil security, & public distribution

MISSION

* To achieve international standards of excellence in all aspects of energy andiversified

business with focus on customer delight through value of products and services, and
cost reduction.

* To maximize creation of wealth, value and satisfaction for the stakeholders.

* To attain leadership in developing, adopting and assimilating state-of-theart

technology for competitive advantage.

* To provide technology and services through sustained Research and Development.

* To foster a culture of participation and innovation for employee growth and contribution.
* To cultivate high standards of business ethics and Total Quality Management for a
strong corporate identity and brand equity.
* To help enrich the quality of life of the community and preserve ecological

* Balance and heritage through a strong environment conscience. k