Project Report

On

COST CONTROL & INNOVATION

(INDIAN OIL CORPORATION LIMITED)

Submitted to EIILM University, Jorethang Sikkim

In Partial Fulfillment for Award

of Master of Business Administration(Industry Intergrated)

Submitted By

Ashish B. Rahulkar

External Guide

Mr. Rushi Poonia

(CAO in IOCL)

Internal Guide

Mr. Pankaj Khandelwar

EIILMU/08/FO394

JULY 2008 – JULY 2010

INTERNATIONAL BUSINESS SCHOOL

NEARBY UNION BANK, VIKHROLI, MUMBAIEIILM
UNIVERSITY, JORETHANG SIKKIMAPRIL 2010

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 DECLARATION

I hereby declare that the training project titiled “Cost Control & Innovation “ has been
submitted by Ashish B. Rahulkar in the partial fulfillment of EIILM University for the award of
the degree of the award of the degree of Master of Business administration (Industry
Integrated). This is a record of bonafide work done under the supervision of Mr. Rushi Poonia
(Chartant Account Officer in Indian Oil Corporation Ltd. CIP) and this work has not been
submitted in any other University or Institute for any other purpose.

STUDENT SIGNATURE

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 CERTIFICATE

This is to certify that this project enitled “ Cost Control & Innovation(Indian Oil Corporation
Ltd.)”. submitted by Mr. Ashish B. Rahulkar to Sikkim University, Sikkim for the partial
fulfillment of Master of Business Administration, is a benefited original research work carried
original research work carried out under my guidance and supervision. It is a piece of research of
sufficiently high standard to warrant it submission to the University for the Reward of the said
degree.

No part of the project has been submitted for any degree of diploma, of published is any other
form. The assistance and the help rendered to the research during the course of this research is
the form of basic source material of and information has been duly acknowledged.

Project Guide Dean

Mr. Pankaj Khandelwar Shr. Nayan Chandrakant

Thakore

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 ACKNOWLEDGEMENT

I express my sincere and hearty gratitude to my project guide Mr. Pankaj Khadelwar for giving
me an opportunity and support, authority to carry out this project without whose able guidance
this project would never materialized. It was his erudite talks, keen interest, rich knowledge and
practical suggestions that inspired me to bring out the best.

I gratefully acknowledge my deepest gratitude Honorable Dean Mr. Nayan Chandrakant

Thakore for their Persistent inspiration, Conservative suggestions and constant encouragement.

I also want to thank my friends, my entire family members who were associated directly or
indirectly in making my project successful. `

Date : Ashish B. Rahulkar

Place : Mumbai (M.B.A IVth -SEM)

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 INDEX

Sr.No. Name of Topic Page No.

1. History Of Indian Oil Corporation Ltd. 6-11

2. Cost System 12-123
3. Cost Control & Innovation 93-102
4. Research Methodology 103-105
5. Conclusion 106-109
6. Bibliography 110-111

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