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Indian Oil Corporation Limited (IOCL)

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Indian Oil Corporation Limited (IOCL)

  • 33,000-plus workforce
  • Over 47,800 customer touch-points
  • Operates a network of 13,400 km of cross-country pipelines
  • Inventory of over 600 patents
  • Consolidated total income of Rs 6,19,957.12 crore (US$ 100.42 billion) in FY19 and reached Rs 4,35,759.09 crore (US$ 62.35 billion) during 9MFY20

With a 33,000-plus workforce, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, Indian Oil plays a significant role in fuelling the socio-economic development of the country. With a mandate to ensure India's energy security and self-sufficiency in refining & marketing of petroleum products, Indian Oil has in the past six decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding network of over 47,800 customer touch-points. With a turnover of Rs 5,06,428 crore (US$ 78.58 billion) and a market capitalisation of Rs 1,71,511 crore (US$ 26.61 billion), it is recognised as one of India's most valuable companies. The company continues to be the largest contributor to the national exchequer in the form of duties and taxes.

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Indian Oil Corporation Limited (IOCL)–The Energy of India

2020 Mathura refinery completed the revamp of its all units to produce BS-VI grade fuels ahead of the deadline for roll out of newer emission norms from April 2020.
IOC plans to invest Rs 500 crore (US$ 71.54 million) at Chitradurga in Karnataka.
2019 ExxonMobil India LNG signs MoU with IOCL
IOCL to establish a 9 million metric tonnes per annum (mmtpa) greenfield refinery at Nagapattinam in Tamil Nadu
2018 The company approves buyback worth Rs 4,435 crore (US$ 634.57 million) Remains the country's most profitable state-run company for second year in a row
2016 Signs agreement to buy stake in Taas-Yuriakh oil field
2010 Awarded “Maharatna" status by the Govt. of India
2005 IOCL’s Mathura refinery becomes India’s first refinery to produce Euro-III Compliant diesel & petrol
2004 Company enters into the gas business
Enters petrochemical business by commissioning the world’s largest single train kerosene to LAB unit
2003 First Indian petroleum company to start overseas retail business
2000 Becomes the first Indian company to cross Rs 100 billion (US$ 2.22 billion) in turnover
Entry into E&P business,is awarded twoexploration blocks underNELP-I
1997 Company enters into LPG business through a JV with Petronet LNG
1994 Commissions India’s first Hydrocracker unit
1972 Becomes first Indian oil & gas company to establish Research & Development Center
1964 IOCL formed through merger of Indian Refineries Ltd and Indian Oil Company Ltd
First petroleum product pipeline commissioned: Guwahati-Siliguri pipeline


Updated: May, 2019

Oil And Gas
As of March 1, 2020, the oil refining capacity of India stood at 249.4 million tonnes, making it the second largest refiner in Asia.