India: Indian Oil Corporation Ltd (IOCL) 215 views

India: Indian Oil Corporation Ltd (IOCL)

Indian Oil Corporation Limited is the leading Indian largest commercial enterprise in India and a Fortune ‘Global 500’’ company ranked at the 161st position in the year 2016 and meeting India’s energy demands for over half a century. The IndianOil Group owns and operates 11 of India’s 23 refineries with a combined refining capacity of 80.7MMTPA with 33,000 strong workforce.

With a corporate vision to be the Energy of India, IndianOil closed the year 2015-16 with a sales turnover of Rs. 3,99,601 crore and net profits of Rs 10,399 crore. The Corporation’s cross-country pipelines network, for transportation of crude oil to refineries and finished products to high-demand centers, spans about 11,750 km. The Corporation has a portfolio of leading energy brands that includes Indane LPG cooking gas, SERVO lubricants, XTRAPREMIUM petrol, XTRAMILE diesel, PROPEL petrochemicals, etc. Besides IndianOil, both SERVO and Indane have earned the coveted Superbrand status. IndianOil’s sprawling R&D Centre at Faridabad near Delhi is one of Asia’s finest Centre and plays a key role in supporting the Corporation’s, business interests by developing economical, environment friendly technology solutions.

It has won recognition for four decades of pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels, and holds a rich portfolio of 554 active patents, of which 366 are international patents.

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