Indian Oil Corporation Limited (IOCL)

Corporate :

In 1963 Indian Oil Company Limited was merged with Indian Refineries Limited to form Indian Oil Corporation Limited or IOCL and since then this company has grown to become India’s biggest oil company.

Performance:

In fiscal 2005 IOCL’s turnover was Rs. 1,83,204 crores (USD 41 Billion) with profits of Rs. 4,195 crores (USD 1.10 Billion). Fortune 500 has ranked IOCL at 153 globally, on the basis of its performance in fiscal 2005.

Activities:

The activities of IOCL are classified into two main areas.



Petroleum products - covers crude oil, lubricants and grease, oil base and additives and other related products

Other business – covers crude oil that is imported, gas, exploration of oil and gas, engineering, polyester staple fiber and petrochemicals

Assets and Infrastructure:

As many as 10 of India’s 18 refineries are owned and operated by IOCL across different locations spread throughout the country.

IOCL has built a wide network of pipelines across the different parts of the country to consolidate its delivery and transportation system. The total length of the pipeline exceeds 9000 kms.

Research & Development:

IOCL has a very strong and renowned research and development track record. It has Asia’s best R&D centre where its scientists and engineers continuously strive to break new frontiers of product development, delivery and quality. A significant part of India’s Hydrogen fuel research takes place at IOCL’s R&D centre.

Future :

IOCL intends to retain it’s position as the number one oil company of India. From it’s present turnover of USD 41 Billion the company intends to reach a turnover of USD 60 Billion in another 6 years. To that end the company has identified a well defined roadmap that involves a combination of backward and forward integration into vital areas of the industry. The company is confident that its global profile would immensely help it in its endeavor.

Organization :

IOCL is headed by Mr. S. Behuria who is the Chairman of the company.

Address:

Indian Oil
3079/3,
J B Tito Marg,
Sadiq Nagar,
New Delhi - 110049
Phone: +91 11 24321704
Website URL: www.iocl.com