Vision, Mission & Values

Vision A major diversified, trans-national, integrated energy company, with national leadership and a strong environment conscience, playing a national role in oil security & public distribution. Mission

To achieve international standards of excellence in all aspects of energy and diversified business with focus on customer delight through value of products and services, and cost reduction. To maximise creation of wealth, value and satisfaction for the stakeholders. To attain leadership in developing, adopting and assimilating state-of-the-art technology for competitive advantage. To provide technology and services through sustained esearch and !evelopment. To foster a culture of participation and innovation for employee growth and contribution. To cultivate high standards of business ethics and Total "uality #anagement for a strong corporate identity and brand e$uity.

To help enrich the $uality of life of the community and preserve ecological balance and heritage through a strong environment conscience. Values - %alues we nurture Care - stands for &oncern 'mpathy (nderstandin g &ooperation Innovation - stands for &reativity Ability to learn )lexibility

'mpowerment

&hange

Passion - stands for &ommitment !edication *ride +nspiration ,wnership

Trust - stands for !elivered *romises eliability !ependability +ntegrity Truthfulness

-eal & -est

Transparency

Profile
Vision A major diversified, transnational, integrated energy company, with national leadership and a strong

environment conscience, playing a national role in oil security & public distribution. Distinctions +ndian ,il &orporation .td. /+ndian,il0 is +ndia1s largest commercial enterprise, with a sales turnover of s. 2,34,345 crore /(6 7 89.4: billion0 and profits of s. 8,58; crore /(6 7 9.43 billion0 for the year 2::4-:<. +ndian,il is also the highest ranked +ndian company in the prestigious )ortune 1=lobal >::1 listing, having moved up 95 places to the 998th position in 2::<. +t is also the 9<th largest petroleum company in the world. Indias Downstream Major ?eginning in 95>5 as +ndian ,il &ompany .td., +ndian ,il &orporation .td. was formed in 9583 with the merger of +ndian efineries .td. /established 95><0. +ndian,il and its subsidiaries account for approximately 3<@ petroleum products market share, ;3@ national refining capacity and 49@ downstream sector pipelines capacity in +ndia. )or the year 2::<-:5, the +ndian,il group sold 82.8 million tonnes of petroleum products, including 9.4 million tonnes of natural gas, and exported ;.83 million tonnes of petroleum products. The +ndian,il =roup of companies owns and operates 9: of +ndia1s 2: refineries with a combined refining capacity of 8:.2 million metric tonnes per annum /##T*A, .i.e. 9.2 million barrels per day0. These include two refineries of subsidiary &hennai *etroleum &orporation .td. /&*&.0. The &orporation1s cross-country network of crude oil and product pipelines, spanning more than 9:,::: kms and the largest in the country, meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. +ndian,il is investing s. 3;,;5; crore /(6 79:.< billion0 during the period 2::4-92 in augmentation of refining and pipeline capacities, expansion of marketing infrastructure and product $uality upgradation as well as in integration and diversification projects. Network Be ond Com!are As the flagship national oil company in the downstream sector, +ndian,il reaches precious petroleum products to millions of people everyday through a countrywide network of about ;>,::: sales points. They are backed for supplies by 984 bulk storage terminals and depots, 9:9 aviation fuel stations and <5 Indane /.*=as0 bottling plants. About 4,;;> bulk consumer pumps are also in operation for the convenience of large consumers, ensuring products and inventory at their doorstep. +ndian,il operates the largest and the widest network of petrol & diesel stations in the country, numbering over 9<,24<. +t reaches Indane cooking gas to the doorsteps of over >; million households in nearly a network of about >,::: Indane distributors.

2,4::

markets

through

+ndian,il1s +6,-5::2 certified Aviation 6ervice commands over 8;@ market share in aviation fuel business, meeting the fuel needs of domestic and international flag carriers, private airlines and the +ndian !efence 6ervices. The &orporation also enjoys a dominant share of the bulk consumer business, including that of railways, state transport undertakings, and industrial, agricultural and marine sectors. Tec"nolo# $olutions +ndian,il1s world-class &! &entre is perhaps Asia1s finest. ?esides pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels, the &entre is also the nodal agency of the +ndian hydrocarbon sector for ushering in Aydrogen fuel economy in the country. +t has set up a commercial Aydrogen-&B= station at an +ndian,il retail outlet in Bew !elhi this year. The &entre holds 293 active patents including 99; international patents. +ndian,il joined the league of global technology providers last year with the selection of its in-house developed +B!#AC technology /for maximising .*=as yield0 for the 3 ##T*A )luidised &atalytic &racking /)&&0 unit at the &orporation1s upcoming 9> ##T*A grass root refinery at *aradip in ,rissa, as well as for

the

)&&

unit

coming

up

at

? *..

A wholly-owned subsidiary, +ndian,il Technologies .td., is engaged in commercialising the innovations and technologies developed by +ndian,il1s &! &entre. Customer %irst At +ndian,il, customers always get the first priority. Bew initiatives are launched round-the-year for the convenience of the various customer segments. 'xclusive CT A&A ' petrol & diesel stations unveiled in select urban and semi-urban markets offer a range of value-added services to enhance customer delight and loyalty. .arge format Swagat brand outlets cater to highway motorists, with multiple facilities such as food courts, first aid, rest rooms and dormitories, spare parts shops, etc. 6pecially formatted Kisan Seva Kendra outlets meet the diverse needs of the rural populace, offering a variety of products and services such as seeds, fertilisers, pesticides, farm e$uipment, medicines, spare parts for trucks and tractors, tractor engine oils and pump set oils, besides auto fuels and kerosene. SERVOXpress has been launched recently as a one-stop shop for auto care services. To safeguard the interest of the valuable customers, interventions like retail automation, vehicle tracking and marker systems have been introduced to ensure $uality and $uantity of petroleum products. $ ner# t"rou#" $u&sidiaries A wholly-owned subsidiary, +ndian,il Technologies .td., is engaged in commercialising the innovations and technologies developed by +ndian,il1s &! &entre, across the globe. The year 2::<-2::5 saw the seamless merger of the refining subsidiary ?ongaigaon efinery & *etrochemicals .td with the parent company +ndian,il. 'idenin# (ori)ons To achieve the next level of growth, +ndian,il is currently forging ahead on a well laid-out road map through vertical integrationD upstream into oil exploration & production /'&*0 and downstream into petrochemicals E and diversification into natural gas marketing, besides globalisation of its downstream operations. +n petrochemicals, +ndian,il is envisaging s. ;:,::: crore /(67 4.3 billion0 investment by the year 2:99-92. Through the worldFs largest single-train .inear Alkyl ?enGene /.A?0 plant with an annual capacity of 9,2:,::: tonnes set up at its =ujarat efinery, the &orporation has already captured a significant market share of .A? in +ndia, besides exporting the product to +ndonesia, Turkey, Thailand, %ietnam, Borway and ,man. A world-scale *araxyleneH*urified Terephthalic Acid plant /annual capacitiesI *C - ;,8;,::: tonnes, *TA E >,>;,::: tonnes0 for polyester intermediates is already in operation at *anipat, while a Baphtha &racker with a capacity of <::,::: tonnes of ethylene per annum, e$uipped with downstream polymer units is also coming up at *anipat. A refinery-cum-petrochemicals complex at *aradip, to be completed by the year 2:99-92, will strengthen the &orporationFs presence in the sector. +n '&*, +ndian,il has bagged eight oil & gas blocks and two &oal ?ed #ethane blocks under B'.* /Bew 'xploration .icencing *olicy0 rounds in +ndia, in consortium with other companies. +t has also ac$uired participating interest in two onshore blocks in Assam and Arunachal *radesh. ,verseas ventures of the &orporation include two blocks in 6irte ?asin and Areas 5>H58 in =hadames basin of .ibya, )arsi 'xploration ?lock in +ran, onshore farm-in arrangements in =abon, an onland block in Bigeria and two onshore blocks in Jemen. +ndian,il has incorporated +nd-,+. ,verseas .td. E a special purpose vehicle for ac$uisition of overseas '&* assets E in *ort .ouis, #auritius, in consortium with ,il +ndia .td. /,+.0. +n natural gas business, +ndian,il is targeting sale of 2 million tonnes in 2::<-:5. A technology innovation has been initiated to reach .B= /.i$uefied Batural =as0 directly to the doorstep of bulk consumers in cryogenic containers for industrial as well as captive power applications. An .B= import terminal is proposed to be set up at 'nnore near &hennai. &ity gas distribution projects are in the pipeline in partnership with other companies. )or over a decade now, +ndian,il has been providing technical and manpower secondment services to overseas companies. &onsultancy services for reduction of )luidised &atalytic &racker /)&&0 shutdown

time

were

also

provided

during

the

year

2::4-:<.

The &orporationFs wholly-owned subsidiary, +ndian,il Technologies .td., is engaged in commercialising the innovations and technologies developed by +ndian,il1s &! &entre. +ndian,il has set up subsidiaries in 6ri .anka, #auritius and the (nited Arab 'mirates /(A'0, and is simultaneously scouting for new opportunities in the energy markets of Asia and Africa. .anka +,& .td. operates about 9>: petrol & diesel stations in 6ri .anka, and has a very efficient lube marketing network. +ts oil terminal at Trincomalee is also 6ri .anka1s largest petroleum storage facility. .anka +,& commissioned an 9<,::: tonnes per annum capacity lubricants blending plant and a state-of-theart fuels and lubricants testing laboratory at Trincomalee during 2::4-:< besides commencing bunkering business. +ndian,il /#auritius0 .td. has an overall market share of nearly 2:@ and commands a ;2@ market share in aviation fuelling business, apart from its bunkering business. +t operates a modern petroleum bulk storage terminal at #er ouge port, besides 9; petrol & diesel stations. +n addition to the ongoing expansion of retail network, +,#. has commissioned the first +6,-5::9 product-testing laboratory in #auritius. The &orporation1s (A' subsidiary, +,& #iddle 'ast )-', which oversees business expansion in the #iddle 'ast, has commenced blending 6' %, lubricants and marketing petroleum products and lubricants in the #iddle 'ast, Africa and &+6 countries. Performance durin# financial ear *++,-*++. +ndian,il1s =ross Turnover /inclusive of excise duty0 for the year 2::<-:5 reached a new high of s. 2,<>,;;4 crore, up by 9>.; @ as compared to s. 2,34,3>4 crore in the previous year. The *rofit After Tax was s. 2,5>: crore. The &orporation sold 82.8 million tonnes of petroleum products during the year 2::<-:5, as compared to >5.;: million tonnes during the previous year. This includes sale of natural gas, which has gone up to 9.4 million tonnes in 2::<-:5. +n addition, product exports rose to ;.83 million tones from ;.;< million tones in the previous year. The &orporations eight refineries surpassed 9::@ capacity utilisation and clocked the highest ever throughput of >9.3 million tonnes. +ts pipelines network too registered the highest ever operational throughput of >5.> million tonnes of crude oil and petroleum products. Among new businesses, Batural =as #arketing and *etrochemicals together generated revenues of over s >,9:: crore during the year 2::<2::5. Indian/il0 India Ins!ired0 As a leading public sector enterprise of +ndia, +ndian,il has successfully combined its corporate social responsibility agenda with its business offerings, meeting the energy needs of millions of people everyday across the length and breadth of the country, traversing a diversity of cultures, difficult terrains and harsh climatic conditions. The &orporation takes pride in its continuous investments in innovative technologies and solutions for sustainable energy flow and economic growth and in developing techno-economically viable and environment-friendly products & services for the benefit of its consumers.

Indian/il Major 1nits

2e#istered /ffice egistered ,ffice +ndian,il =-5, Ali Javar Kung ?andra /'ast0, #umbai -3:: :>9 ?havan, #arg,

Cor!orate /ffice

2efineries Division Aead ,ffice 6&,*' &omplex, 4, +nstitutional Area, Bew !elhi -99:::; *.,. ?arauni ,il !ist. ?egusarai -<89 993 /?ihar0 *.,. Kawahar !ist. %adodara -;59 ;2:/=ujarat0 *.,. =uwahati-4<9:2: /Assam0 *.,. !ist. /Lest ?engal0 *.,. #athura /(ttar *radesh0 Aaldia #idnapur-429 #athura -2<9 .odhi &ore-2 oad efinery, Bagar, Boonmati, efinery 8:8 efinery, ::> efinery, !haligaon,

?arauni =ujarat =uwahati Aaldia

efinery efinery efinery

efinery

#athura

efinery

*anipat

efinery efinery

*.,. *anipat *anipat-9;293:/Aaryana0 *.,. !ist. &hirang, Assam - 4<; ;<>

?ongaigaon

Marketin# Division Aead ,ffice Borthern egion =-5, Ali Javar Kung ?andra /'ast0, #umbai -3:: :>9 +ndian,il 9, Aurobindo Bew !elhi -99::98 +ndian,il #arg, Jusuf #arg, ?havan, 6arai ?havan,

'astern

egion

2, =ariahat Molkata -4:: :8< Lestern egion 6outhern egion

oad,

6outh

/!hakuria0 oad, ?havan

2>3-&, !r. Annie ?esant Lorli &olony, #umbai -3:: :2> +ndian,il 9;5, Bungambakkam Aigh oad

2&D Centre &! &entre 6ector 9; /Aaryana0 )aridabad -929 ::4

Pi!elines Division Aead ,ffice Borthern egion A-9 (dyog 6ector-9, Boida-2:9;:9 *.,. *anipat *anipat -9;2 93: /Aaryana0 *.,. ?ox #orvi ajkot-;8: ::; 9;5, Bungambakkam &hennai - 8:::;3 #arg, efinery 9::4,?edipara, oad,=auridad, Aigh oad

Lestern egion

6outhern

egion

3ssam /il Division Assam ,il !ivision *.,. /Assam0 !igboi -48< 949

IBP Division +?* !ivision ;3-A, Molkata Birmal &handra 4:: 6treet, :9;

?usiness =roup/&ryogenics0 6ewri Terminal ++, 6ewri /'ast0, #umbai 3:: :9> ?usiness A-3, #+!&, Bashik - 322 :9: =roup/&ryogenics0, Ambad,

4rou! Com!anies &hennai *etroleum &orporation .td. +ndian,il Technologies .td >;8, Anna Teynampet, &hennai - 8:: :9< 6&,*' &omplex, 4, +nstitutional .odhi Bew !elhi-99:::; #er *ort #aruritius .ouis Ali )ree -one, 6alai, &ore-2 Area, oad, ouge

+ndian,il /#auritius0 .td.

+,& #iddle 'ast )-'

.,? 932:5, Kebel *.,.?oxI 289;;<

.anka +,& *.&

.anka +,& .evel 2:, Lorld Trade 'chelon 6$uare, 6ri .anka.

Aead Lest &enter, &olombo -

,ffice Tower, :9,

Indian/il Major Projects

+ndian,il continues to lay emphasis on infrastructure development. Towards this end, a number of schemes have been initiated with increasing emphasis on project execution in compressed schedules as per world benchmarking standards. 6chemes for improvement and increased profitability through debottlenecking H modifications H introduction of value added products are being taken up in addition to grassroots facilities. *roject systems have been streamlined in line with +6, standards.

423$$2//T$ 25%IN526 P2/75CT 3T P323DIP 8/2I$$39

Project Cost:

s. 25,444.:: crore

5;!ected Commissionin#: #arch, 2:92 Benefit: The project will help in partly meeting deficit of distillates viG. .*=, Baphtha, #6,

KetHMero, !iesel and other products, in the eastern part of the country. The complex will generate intermediate petrochemicals feedstock.
Brief Descri!tion: A 9> ##T*A grassroots refinery is being constructed at *aradip in the 6tate

of ,rissa. The refinery will have, apart from a &rude and %acuum !istillation (nit, a Aydrocracking (nit, a !elayed &oker (nit and other secondary processing facilities. This will be the most modern refinery in +ndia with nil residue production and the products would meet stringent specifications. ;;33 acre of land has been taken over by +ndian,il and necessary infrastructure development jobs prior to setting up of the main refinery are progressing.

25$ID15 1P423D3TI/N 3ND M$<($D =13>IT6 IMP2/V5M5NT P2/75CT 3T 417323T 25%IN526

Project Cost:

s. >,<<2.:: crore

5;!ected Commissionin#: Kanuary, 2:9: Benefit: The objectives of the project are multifold. +t shall ensure meeting product $uality

re$uirement of #6HA6! to '( ,-+++H+% levels, processing increased $uantity of high sulphur crude and improvement in distillate yield.
Brief Descri!tion: The project envisages setting up of a number of units like %=,-A!T, AT)-

#erox, )&&-#erox, .*=-#erox, +6,#, &oker, !A!T, A=( /*!60 and 6 (.

IMP2/V5M5NT IN DI5$5> =13>IT6 3ND C3P3CIT6 5?P3N$I/N 3T (3>DI3 25%IN526 8'5$T B5N43>9
Project Cost:

s. 2,<85.:: crore

5;!ected Commissionin#: !ecember, 2::5 Benefit: +mprovement in $uality of A6! conforming to 'uro-++H'uro-+% e$uivalent norms. +n

addition, it will improve the distillate yield and crude processing capacity of the refinery.

Brief Descri!tion: The project comprises installation of facilities for improvement in !iesel

$uality and !istillate yield /Aydrocracker0 at Aaldia and the capacity expansion of the efinery from 8 ##T*A to 4.> ##T*A. This involves ,nce through Aydrocracking (nit /,A&(0, Aydrogen (nit, 6ulphur ecovery (nits, revamp of &rude !istillation (nits and related utilities & offsite facilities.

N3P(T(3 C23C@52 3ND P/>6M52 C/MP>5? 3T P3NIP3T 8(3263N39

Project Cost:

s. 93,3;5.:: crore

5;!ected Commissionin#: Bovember 2::5 Benefit: This project is a cornerstone for +ndian,il1s entry into petrochemicals and a new

business line for growth. )or the 6tate of Aaryana, this project shall lay the foundation for creation of a world-class petrochemicals hub, which will engender significant industrial activity in the coming years.
Brief Descri!tion: The project envisages setting up of a Baphtha &racker based on captive

utilisation of naphtha from *anipat, #athura and Moyali refineries of +ndian,il. Lith a capacity of <::,::: #THyear of ethylene production, the &racker complex will have associated units viG. hydrogenation, butadiene extraction, benGene extraction etc. besides downstream polymer units like swing unit /..!*'HA!*'0, a dedicated A!*' unit, *olypropylene unit and #'= unit.

M$ =13>IT6 1P423D3TI/N P2/75CT 3T P3NIP3T 25%IN526 8(3263N39

Project Cost:

s. 9,9;9.:: crore

5;!ected Commissionin#: !ecember, 2::5 Benefit: The implementation of this project will improve the $uality of #6 to conform to 'uro-

++H'uro-+% e$uivalent norms.

Brief Descri!tion: The major process units under this project are *'B'C /+somerisation0,

Baphtha AT(,

eformate 6plitter and )&& =asoline !esulpurisation (nit.

%CC 43$/>IN5 D5$1>P(12I$3TI/N 1NIT 3T M3T(123 25%IN526 81TT32 P23D5$(9

Project Cost:

s. ;3<.:: crore

5;!ected Commissionin#: !ecember, 2::5 Benefit: The implementation of this project will improve the $uality of #6 to conform to 'uro-+%

e$uivalent norms.
Brief Descri!tion: +n this project a )&& =asoline !esulpurisation (nit would be installed.

M$ =13>IT6 1P423D3TI/N P2/75CT B3231NI 25%IN526 8BI(329

Project Cost:

s. 9,352.:: crore

5;!ected Commissionin#: Kune, 2:9: Benefit: The implementation of this project will improve the $uality of #6 to conform to 'uro-+++

e$uivalent norms.
Brief Descri!tion: The major process units under this project are +somerisation, Baphtha

Aydrotreater, (nit.

eformate 6plitter, )&& =asoline !esulpurisation (nit and Aydrogen =eneration

M$ =13>IT6 1P423D3TI/N P2/75CT 3T 41'3(3TI 25%IN526 83$$3M9

Project Cost:

s. ;42.:: crore

5;!ected Commissionin#: Kune, 2:9: Benefit: The implementation of this project will improve the $uality of #6 to conform to 'uro-+++

e$uivalent norms.
Brief Descri!tion: The major process units under this project are +somerisation, .ight Baphtha

6plitter, Baphtha Aydrotreater and +ndmax =asoline 6plitter.

M$ =13>IT6 1P423D3TI/N P2/75CT 3T DI4B/I 25%IN526 83$$3M9

Project Cost:

s. ;>8.:: crore

5;!ected Commissionin#: Kune, 2:9: Benefit: The implementation of this project will improve the $uality of #6 to conform to 'uro-+++

e$uivalent norms.
Brief Descri!tion: The major process units under this project are +somerisation, Baphtha

6plitter, Baphtha Aydrotreater and eformate 6plitter.

D3D2I-P3NIP3T 2->N4 $P12 PIP5>IN5

Project Cost:

s. 25<.:: crore

5;!ected Commissionin#: #ay, 2::5 Benefit: The 9;2 km long ;: inch diameter spurline carrying regassified .B= / -.B=0 will

stretch from =A+. +ndiaFs !adri terminal in (* to *anipat.

Brief Descri!tion: The proposed

-.B= pipeline would provide for an economical means of feeding natural gas to *anipat refinery.

314M5NT3TI/N /% M1ND23 A P3NIP3T C21D5 /I> PIP5>IN5

Project Cost:

s. 98>.:: crore

5;!ected Commissionin#: )ebruary, 2::5 Benefit: This is a low cost expansion scheme of #undra-*anipat crude oil pipeline system for

meeting the additional crude oil re$uirement of *anipat refinery to the tune of ; ##T*A.
Brief Descri!tion: *roject consists of laying a 22 inch diameter 2: M# long loopline in Mot-

?eawar section and conversion of adhanpur scraper station to pumping station while adding pumping units at #undra, Mot, 6anganer and ewari.

P3NIP3T 25%IN526 5?P3N$I/N %2/M B* MMTP3 T/ BC MMTP3

Project Cost:

s. 9,::4.<; crore

5;!ected Commissionin#: !ecember, 2::5 Benefit: To meet the growing deficit of petroleum products in the high demand Borthwest region

of +ndia.
Brief Descri!tion: The project consists of capacity revamp of &rude and %acuum !istillation

(nits /&!( H %!(0, ,nce through Aydrocracking (nit /,A&(0, !elayed &oking (nit, and installation of second stage reactors in !iesel Aydrotreating (nit /!A!T0.

C(5NN3I - B3N43>/25 P2/D1CT PIP5>IN5

Project Cost:

s. 24;.:: crore

5;!ected Commissionin#: !ecember, 2::5

Benefit: The pipeline will facilitate effective evacuation of products from &*&. refinery in

&hennai and ensure uninterrupted, regular and economical transportation of petroleum products to ?angalore-fed areas in a cost-effective manner.
Brief Descri!tion: *roject consists of laying 93H92-inch diameter 25: km long product pipeline

from &*&. refinery, &hennai to existing T,* at !evanagonthi /?angalore0.

2eco#nitions
+ndian,il has been recognised as a leading player in the countryFs energy sector with its well known brands. .og into this section to know more about the awards bestowed upon the company for sustained deliverance of $uality. This recognition speaks volumes about the focussed executive management at +ndian,il that directs and motivates the firm and its employees towards larger goals.

Products
+ndian,il is not only the largest commercial enterprise in the country it is the flagship corporate of the +ndian Bation. ?esides having a dominant market share, +ndian,il is widely recogniGed as +ndiaFs dominant energy brand and customers perceive +ndian,il as a reliable symbol for high $uality products and services. ?enchmarking "uality, "uantity and 6ervice to world-class standards is a philosophy that +ndian,il adheres to so as to ensure that customers get a truly global experience in +ndia. ,ur continued emphasis is on providing fuel management solutions to customers who can then benefit from our expertise in efficient sourcing and least cost supplies keeping in mind their usage patterns and inventory management. +ndian,il is a heritage and iconic brand at one level and a contemporary, global brand at another level. Lhile $uality, reliability and service remains the core benefits to our customers, our stringent checks are built into operating systems, at every level ensuring the trust of over a billion +ndians over the last four decades. ,ur etail ?rand template of Ctra&are/(rban0, 6wagat/Aighway0 and Misan 6eva Mendras/ ural0 are widely recogniGed as pioneering brands in the petroleum retail segment. +ndian,ilFs leadership extends to its energy brands - +ndane .*=, 6' %, .ubricants, Autogas .*=, Ctra*remium ?randed *etrol, Ctra#ile ?randed !iesel, Ctra*ower )leet &ard, +ndian,il Aviation and Ctra ewards cash customer loyalty programme.

%IN3NCI3> $T3T5M5NT$ %/2 INDI3N /I> C/2P0 >TD0 8I/C9 Although debt as a percent of total capital increased at +ndian ,il &orp. .td. over the last fiscal year to 3>.<4@, it is still in-line with the ,il, =as and &onsumable )uels industry1s norm. Additionally, even though there are not enough li$uid assets to satisfy current obligations, ,perating *rofits are more than ade$uate to service the debt. Accounts eceivable are among the industry1s worst with 5.2: days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. .ast, +ndian ,il &orp. .td. is among the most efficient in its industry at managing inventories, with only >5.42 days of its &ost of =oods 6old tied up in inventory.

BALANCE SHEET
&urrency in #illions of +ndian upees

As ofI

Apr :2 2::>
estated

Apr :2 2::8
estated

Apr :2 2::4
estated

Apr :2 2::<

3-Jear Trend

Assets &ash and '$uivalents 6hort-Term +nvestments T,TA. &A6A AB! 6A, T T' # +B%'6T#'BT6 Accounts Botes eceivable eceivable 9;,4;4.9 -9;,4;4.9 33,343.9 9.4 ;<,<32.: <;,;94.< 9:,>2<.> 4:,8:2.> <9,9;9.: >:,;:5.2 -92,49<.; 8;,:24.> 2<8,;54.; ;<,5;9.; 385,3<4.9 >4:,2<5.> 9:,484.; 933,><>.< 9>>,;>;.9 >9,855.4 -29,9<<.: 42,<<4.4 2<5,<54.2 35,388.< >84,8:3.< 838,854.; -23:,::8.5 3:8,85:.3 822.5 3<,>;3.> 3<4.; -9,><;.< 99,>8:.> 9:,8:2.2 9>5,9;2.3 985,4;3.8 >2,>83.< -53,883.> 934,225.; ;42,29:.4 >2,8;5.5 439,<93.> 85:,<32.2 -28<,><:.8 322,289.8 34;.3 3<,352.4 ;9:.9 -9,2>:.< 39,232.4

,ther eceivables T,TA. '&'+%A?.'6

+nventory 2;2,;4<.; ,ther &urrent Assets T,TA. &( 28,<:9.2

'BT A66'T6 ;>8,2;3.3

=ross *roperty *lant and '$uipment >83,<:4.2

Accumulated !epreciation -9<<,>59.5 -292,55;.> B'T * ,*' TJ *.ABT AB! '"(+*#'BT ;48,29>.; =oodwill .ong-Term +nvestments Accounts eceivable, .ong Term 94,3<:.8 24,;:2.< 9,:;:.: 94.> ;<4.< 9,843.< ;>4,258.: 98,858.< >2,;2:.9 4><.4 >.4 89;.4 39,:<9.8

!eferred Tax Assets, .ong Term !eferred &harges, .ong Term ,ther .ong-Term Assets

T,TA. A66'T6 4<9,442.8

532,425.: 9,:39,>>9.; 9,289,84<.<

.+A?+.+T+'6 & '"(+TJ Accounts *ayable 92>,5;5.4 Accrued 'xpenses ;,>;<.5 93;,>25.< >,;4:.2 935,;<<.5 <,523.> 9>:,83>.3 >,882.8 938,;;8.< -2:5,4;5.9 >,59>.2 2;;,8>:.2 93,4>:.8

6hort-Term ?orrowings 994,:<:.8 &urrent *ortion of .ong-Term !ebtH&apital .ease --

&urrent +ncome Taxes *ayable ,ther &urrent .iabilities, Total T,TA. &(

>,48;.9 5<,:33.2

2,;2>.9 993,483.8 323,;:;.9 932,;22.8 94,32>.5 >2,28<.: 8;8,;95.8 99,8<:.9 2,82;.2 244,>:8.8 93,>55.> ;:8,3:5.3 ;:8,3:5.3

92,5;8.9 9;3,34<.< 3>:,:>5.4 93<,343.> 98,54<.; 8:,>58.9 848,9:<.8 99,8<:.9 ;,>:5.4 ;;4,2>2.> 9;,:::.3 ;8>,332.4 ;8>,332.4

;,928.8 9;>,;>8.5 8:2,>;<.8 9;5,<:5.> 22,::9.4 89,9;;.< <2>,3<;.8 99,52;.4 ;,>:5.4 3:>,4<8.2 93,54>.8 3;8,95>.2 3;8,95>.2

'BT .+A?+.+T+'6 ;>:,;88.> .ong-Term !ebt #inority +nterest <5,2<3.8 94,:88.> >:,>>>.;

!eferred Tax .iability Bon-&urrent

T,TA. .+A?+.+T+'6 >:4,242.5 &ommon 6tock Additional *aid in &apital 99,8<:.9 2,82;.>

etained 'arnings 2>9,9>;.> &omprehensive +ncome and ,ther 5,:32.8

T,TA. &,##,B '"(+TJ 243,355.4 T,TA. '"(+TJ 243,355.4 T,TA. .+A?+.+T+'6 AB! '"(+TJ 4<9,442.8

532,425.: 9,:39,>>9.; 9,289,84<.<

INCOME STATEMENT

&urrency in #illions of +ndian

upees

As ofI

Apr :2 2::>
estated

Apr :2 2::8
estated

Apr :2 2::4
estated

Apr :2 2::<

3-Jear Trend

evenues9,;95,844.> 9,>22,54<.9 9,<33,8:4.: 2,:43,:3>.9 ,ther evenues 93,533.4 <>,:4<.; 9>>,3;4.< 2:8,258.9

T,TA. '%'B('69,;;3,822.2 9,8:<,:>8.3 2,:::,:33.< 2,2<:,;39.2 &ost of =oods 6old9,293,;5>.8 9,34;,235.< 9,442,32:.2 2,:2<,5:5.9 = ,66 * ,)+T 92:,228.8 6elling =eneral & Admin 'xpenses, Total !epreciation & AmortiGation, Total ,ther ,perating 'xpenses ,TA' ,*' AT+B= 'C*'B6'6, T,TA. ,*' AT+B= +B&,#' +nterest 'xpense +nterest and +nvestment +ncome B'T +BT' '6T 'C*'B6' &urrency 'xchange =ains /.oss0 ,ther Bon-,perating +ncome /'xpenses0 '?T, 'C&.(!+B= (B(6(A. +T'#6 #erger & estructuring &harges =ain /.oss0 on 6ale of +nvestments =ain /.oss0 on 6ale of Assets ,ther (nusual +tems, Total ,ther (nusual +tems '?T, +B&.(!+B= (B(6(A. +T'#6 +ncome Tax 'xpense #inority +nterest in 'arnings 'arnings from &ontinuing ,perations B'T +B&,#' 9;,<84.< 23,952.8 4,8;8.5 3>,854.; 43,>25.; -4,845.2 8,:<5.4 -9,><5.> 9,8>2.4 -;29.5 43,24:.8 -882.9 -39:.: -94;.5 2,;;;.4 2,;;;.4 4>,;><.; 98,;3<.3 -3,;94.8 >3,852.; >3,852.; 9;3,<:8.8 22,>28.9 2>,>2:.5 95,>9<.> 84,>8>.> 84,239.9 -92,>93.3 5,;93.: -;,2::.3 -2,2<>.; 228.2 89,5<9.8 -9<8.5 >,;;2.4 -35.8 >,<>;.< >,<>;.< 42,5;9.8 29,442.5 -9,<;3.> 35,;23.2 35,;23.2 224,823.8 59,<42.> 25,9>8.: 94,<93.3 9;<,<32.5 <<,4<9.4 -94,3;:.9 93,925.8 -;,;::.> >,94>.> -99,>9>.3 45,939.; -;<<.8 ;>,435.9 9,:<9.4 >;;.4 9,:<:.> 998,994.2 ;3,;2;.4 -;,995.: 4<,843.> 4<,843.> 2>9,3;2.9 9:3,953.4 ;:,394.9 9<,5<3.2 9>;,>58.: 54,<;8.9 -9<,:;5.: 94,84>.9 -;8;.5 9>,238.; 2,52:.5 99>,8;5.3 -223.: 8,434.< 4<2.: 9,539.8 9,539.8 923,<<8.< ;5,;<9.2 -8,;4<.2 45,924.3 45,924.3

B'T +B&,#' T, &,##,B +B&.(!+B= 'CT A +T'#6 B'T +B&,#' T, &,##,B 'C&.(!+B= 'CT A +T'#6

>3,852.; >3,852.;

35,;23.2 35,;23.2

4<,843.> 4<,843.>

45,924.3 45,924.3