Back مؤسسة النفط الهندي Arabic ইন্ডিয়ান অয়েল কর্পোরেশন Bengali/Bangla Indian Oil Corporation Danish Indian Oil Corporation German شرکت نفت هند Persian Indian Oil Corporation Finnish Indian Oil Corporation French इण्डियन ऑयल कॉर्पोरेशन लिमिटेड Hindi Indian Oil Corporation ID Indian Oil Corporation Italian

Indian Oil Corporation

Indian Oil Corporation Limited
Company typeCentral Public Sector Undertaking
ISININE242A01010
IndustryEnergy: Oil and gas
Predecessor
  • Indian Refineries Ltd. (1958)
  • Indian Oil Corporation (1959)
Founded30 June 1959 (30 June 1959)
Headquarters
Area served
India, Sri Lanka, Middle East, Mauritius, & Worldwide.
Key people
Shrikant Madhav Vaidya (Chairman)[1]
Products
RevenueIncrease ₹885,078 crore (US$110 billion) (2024)[2]
Increase ₹57,288 crore (US$7.2 billion) (2024)[2]
Increase ₹43,161 crore (US$5.4 billion) (2024)[2]
Total assetsIncrease ₹482,362 crore (US$60 billion) (2024)[2]
Total equityIncrease ₹188,163 crore (US$24 billion) (2024)[2]
OwnerMinistry of petroleum, Government of India[3]
Number of employees
30,439 (2024)[2]
Divisions
Subsidiaries
Websitewww.iocl.com Edit this at Wikidata

Indian Oil Corporation Limited (IOCL or IOC; doing business as IndianOil) is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi,[4] it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022.[5] It is the largest government owned oil producer[6] in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25.[7] As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.[8][9][10]

Indian Oil's business interests overlap the entire hydrocarbon value chain, including refining, Pipeline, marketing of petroleum products, exploration and production of Petroleum, natural gas and petrochemicals.[11] Indian Oil has ventured into renewable energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),[12] Mauritius (IndianOil (Mauritius) Ltd),[13] and the Middle East (IOC Middle East FZE).[14]

  1. ^ "Shrikant Madhav Vaidya has taken over as the new chairman of Indian Oil Corporation Ltd". The Times of India. Archived from the original on 30 November 2020. Retrieved 2 July 2020.
  2. ^ a b c d e f "Indian Oil Corporation Ltd. Financial Statements" (PDF). bseindia.com. Retrieved 30 April 2024.
  3. ^ "Latest Shareholding Pattern - Indian Oil Corporation Ltd". trendlyne.com. Archived from the original on 13 August 2021. Retrieved 13 August 2021.
  4. ^ Annual report 2017-2018 (PDF). Mumbai: Indian Oil Corporation. Archived (PDF) from the original on 18 October 2016. Retrieved 11 October 2018.
  5. ^ "Fortune Global 500 list". Archived from the original on 7 August 2019. Retrieved 10 August 2021.
  6. ^ Lee, Mordecai; Neeley, Grant; Stewart, Kendra B. (20 July 2021). The practice of government public relations. Routledge. ISBN 978-1-000-39496-2. OCLC 1263816753. Archived from the original on 8 May 2022. Retrieved 8 May 2022.
  7. ^ "India plans 77% rise in refining capacity by 2030".
  8. ^ Annual Report 2020-21. "Financial Performance : Oil and Energy News". iocl.com. Archived from the original on 3 September 2021. Retrieved 3 September 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
  9. ^ "Indian Oil Corporation Ltd Management Discussions". IIFL Securities. Archived from the original on 13 June 2021. Retrieved 27 May 2021.
  10. ^ "Annual Report 2019-20" (PDF). IOC - official website. Indian oil corporation. Archived (PDF) from the original on 13 June 2021. Retrieved 27 May 2021.
  11. ^ "IOC stock page". Reuters. Retrieved 17 September 2017.
  12. ^ "IndianOil Corporation | Lanka IOC PLC". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
  13. ^ "IndianOil Corporation | IndianOil (Mauritius) Ltd". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
  14. ^ "IndianOil Corporation | Group Companies". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.

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