MINOR PROJECT REPORT

ON
A Study on the Financial Position of Indian Oil Corporation
Limited

Supervisor:

Submitted by:

Dr. Monika Tushir

Gev Dittia

Assistant Professor

01414901812
BBA (B&I) III Semester

DEPARTMENT OF BUSINESS ADMINISTRATION

Maharaja Surajmal Institute
Recognised By UGC, U/S 2 (F), NAAC Accredited
Affiliated To Guru Gobind Singh Indraprastha University
C-4, Janakpuri, New Delhi - 110058

Table of Contents
Page No.
Certificate

Acknowledgement

ii

Preface

iii

Chapter 1 An Introduction

1.1 Objectives of the Proposed Study

1.2 Research Methodology

1.3 Tools of Analysis

Chapter 2 A Profile on Indian Oil Corporation Limited

2.1 Origin

2.2 The Indian Oil Industry Evolves: Late 1940s - 1960s

2.3 Indian Oil Company

2.4 Indian Oil Corporation: 1964 to the 1990s

2.5 Changes in the Oil Industry: Late 1990s and Beyond

10

2.6 Recognition

11

2.7 Product Line

12

Chapter 3 Analysis and Interpretation of Data

20

3.1

21

A Study on the financial position of I.O.C.L.

3.1.1 Statement of Profit & Loss

21

3.1.2 Balance Sheet

23

3.1.3 Financial Review

26

3.2

29

Determining authenticity of annual reports

3.3

Study on Product Prices; with special focus on Petrol and Diesel

31

3.3.1 Economic Overview

32

3.3.2 Oil Market

34

3.3.3 Why are gas prices rising?

36

Chapter 4 Recommendations and Conclusions

38

4.1

Opportunities and Challenges

38

4.2

Risks and Concerns

40

4.3

How Can I Save at the Pump?

43

4.4

Conclusion

45