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Indian Oil Corporation Ltd

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Indian Oil Corporation Ltd

  • Net revenue of Rs 414,909 crore (US$ 68.19 billion) in FY 13
  • Profit after tax of Rs 5,005 crore (US$ 822.62 million) in FY 13
  • Ranked in Fortune ‘Global 500’ listing in 2013
  • Over 34,000 employees
  • World class R&D centre with state-of-the-art facilities

Established as an oil marketing entity on June 30, 1959, Indian Oil Company Ltd was renamed Indian Oil Corporation Ltd (IOCL) on September 1, 1964, following its merger with Indian Refineries Ltd. The integrated refining and marketing entity has since grown into India’s largest commercial enterprise. It is the country’s number one company in the prestigious Fortune ‘Global 500’ listing of the world’s largest corporates. IOCL is currently at the 85th position in the list.

IOCL has a strong workforce of over 34,000 employees. In the company, operations are strategically structured along the following verticals: Refineries, Pipelines, Marketing, R&D Centre and Business Development – E&P, Petrochemicals and Natural Gas.

It's world class research and development (R&D) centre, established in 1972, has state-of -the-art facilities and has delivered pioneering results in lubricants technology, refining process, pipeline transportation, bio-fuels and fuel-efficient appliances.

IOCL and its subsidiaries own and operate 10 of India’s 22 refineries, and its cross-country network of over 11,000 km of crude oil, product and gas pipelines is the largest in the country, meeting the vital energy needs of consumers in an efficient and environment-friendly manner.


Indian Oil Corporation: The Energy of India

2014 Maintains its position as the country's largest company, according to the list of 500 Indian companies released by Financial Express
2013 Tops Fortune India 500 list
2009 Celebrates its Golden Jubilee
2009 Inaugurates first LPG pipeline in North India from Panipat–Nabha–Jalandhar
2009 Inaugurates first wind power project in Kutch district of Gujarat

Updated: April, 2014

Oil And Gas
India will overtake Japan to become the world’s third largest oil consumer behind the US and China by 2025.
x IBEF : India Brand Equity Foundation