Indian Oil Corporation Ltd

Indian Oil Corporation Ltd. is India's largest company by sales with a turnover of Rs. 4,14,909 crore and profit of Rs 5,005 crore for the year 2012-13. 

IndianOil is the highest ranked Indian company in the latest Fortune ‘Global 500’ listings, ranked at the 88th position. IndianOil's vision is driven by a group of dynamic leaders who have made it a name to reckon with. 

In this section, read about IndianOil’s business and its spread across the country & abroad. You can also know about IndianOil's current financial performance, special initiatives and recognitions & awards that have come its way.

Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India. It is the world's 88th largest corporations, according to the Fortune Global 500 list, and the largest public corporation in India when ranked by revenue.

 IndianOil and its subsidiaries account for a 49% share in the petroleum products market, 31% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of companies owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 million metric tonnes per year. The President of India owns 78.92% (1.9162 billion shares) in the company.

In FY 2012 IOCL sold 75.66 million tonnes of petroleum products and reported a PBT of INR37.54 billion, and the Government of India earned an excise duty of INR232.53 billion and tax of INR10.68 billion. It is one of the seven Maharatna status companies of India, apart from Coal India Limited, NTPC Limited, Oil and Natural Gas Corporation, Steel Authority of India Limited, Bharat Heavy Electricals Limited and Gas Authority of India Limited.

IndianOil operates the largest and the widest network of fuel stations in the country, numbering about 20,575 (16,350 regular ROs & 4,225 Kisan Seva Kendra). It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 66.8 million households through a network of 5,934 Indane distributors. In addition, IndianOil's Research and Development Center (R&D) at Faridabad supports, develops and provides the necessary technology solutions to the operating divisions of the corporation and its customers within the country and abroad. Recently Indian Oil Corp (IOC) has raised $500 million by selling 10-year dollar-denominated bonds, its fourth such issue overseas in the last three and a half years.