About Indian Oil Corporation Limited (IOCL)

Indian Oil Corporation Limited (IOCL), commonly known as IndianOil is an Indian

government owned oil and gas company founded in the year 1959 which is headquartered in
New Delhi. It is the largest commercial oil company in the country, with a net profit of INR
19,106 crore (US$2.848 billion) for the financial year 2016–17. It is ranked 1st in Fortune
India 500 list for year 2016 and 117th in Fortune Global 500 list of world's largest companies
in the year 2019.

IndianOil's business interests overlap the entire hydrocarbon value-chain, including refining,
pipeline transportation, marketing of petroleum products, exploration and production of crude
oil, natural gas and petrochemicals. IndianOil has ventured into alternative energy and
globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),
Mauritius (IndianOil (Mauritius) Ltd) and the Middle East (IOC Middle East FZE).

There are 7 major Business Divisions in the organisation:

 Refineries Division

 Pipelines Division

 Marketing Division

 R&D Division

 Petrochemicals Division

 Exploration & Production (E&P) Division

 Explosives and Cryogenics Division

Products

 Indane Gas
 Auto Gas
 Natural Gas
 Petrol/Gasoline
 Diesel/Gas oil
 ATF/Jet Fuel
  SERVO lubricants & greases
 Marine Fuels & Lubricants
 Kerosene
 Bulk/Industrial Fuels
 Bitumen
 Petrochemicals
 Special Products
 Crude Oil

Competitors

Indian Oil Corporation has two major domestic competitors

- Bharat Petroleum and

- Hindustan Petroleum. Both are state-controlled, like Indian Oil Corporation.

Major private competitors include

- Reliance Industries

- Essar Oil & Shell.

Strength of IOCL

1) Strong brand name

2) Research and Development

3) Strong Pipelines

4) Focus on Sustainability

5) Competition

6) Bureaucracy

Challenges of IOCL

1) Government Regulation
2) Macroeconomic Condition

Refinery locations

 Barauni Refinery
 Bongaigaon Refinery
 CPCL, Chennai
 CPCL, Narimanam
 Digboi Refinery
  Guwahati Refinery
 Haldia Refinery
 Koyali Refinery
 Mathura Refinery
 Panipat Refinery
 Paradip Refinery

Pipelines
 Salaya - Mathura crude oil pipeline
 Mundra - Panipat crude oil pipeline
 Paradip-Haldia-Barauni crude oil pipeline
 Koyali - Mohanpura product pipeline
 Koyali - Ahmedabad product pipeline
 Guwahati - Siliguri product pipeline
 Barauni - Kanpur product pipeline
 Haldia - Mourigram - Rajbandh product pipeline
 Haldia - Barauni product pipeline
 Panipat - Jalandhar LPG pipeline
 Dadri - Panipat R-LNG pipeline
 Koyali - Ratlam product pipeline
 Koyali - Dahej/ Hazira product pipeline
 Panipat - Bhatinda product pipeline
 Panipat - Rewari product pipeline
 Panipat - Ambala - Jalandhar product pipeline
 Mathura - Delhi product pipeline
 Mathura - Bharatpur product pipeline
 Mathura - Tundla product pipeline
 Chennai - Trichy - Madurai product pipeline
 Chennai - Bangalore product pipeline
 Chennai ATF pipeline
 Bangalore ATF pipeline
 Kolkata ATF pipeline
 Paradip - Raipur - Ranchi product pipeline
 Jaipur Panipat Naphtha Pipeline
 Paradip - Hyderabad product pipeline
Objectives

 To serve the national interests in oil and related sectors in accordance and consistent
with Government policies.

 To ensure maintenance of continuous and smooth supplies of petroleum products by

way of crude oil refining, transportation and marketing activities and to provide
appropriate assistance to consumers to conserve and use petroleum products
efficiently.

 To enhance the country's self-sufficiency in crude oil refining and build expertise in
laying of crude oil and petroleum product pipelines.

 To further enhance marketing infrastructure and reseller network for providing assured
service to customers throughout the country.

 To create a strong research & development base in refinery processes, product

formulations, pipeline transportation and alternative fuels.

 To optimise utilisation of refining capacity and maximize distillate yield and gross
refining margin.

 To maximise utilisation of the existing facilities for improving efficiency and

increasing productivity.

 To minimise fuel consumption and hydrocarbon loss in refineries and stock loss in
marketing operations to effect energy conservation.

Indian oil performance

2017-18

- IndianOil sold 88.76 million tonnes of products including exports. Domestic POL
sales at 81.48 million tonnes saw a growth of 3.6% over previous year.
- IndianOil pipelines achieved the highest-ever throughput of 85.67 MMT, surpassing
the previous record by 3.9%
- During the year, IndianOil achieved CAPEX (Prov.) of Rs. 20,345.21 crore, 100.91%
of the overall CAPEX target of Rs. 20,161.79 crore.
- IndianOil recorded the highest-ever products export of 7.274 MMT during the year.

2018-19

- IndianOil incurred a capital expenditure of Rs. 26,548 crore during the year 2018-19,
which is about 116% of the target
- IndianOil sold 3.96 MMT of gas in 2018-19 as compared to 3.86 MMT in 2017-18,
registering 3% growth.
-
IndianOil sold 2.7 MMT in petrochemicals during 2018-19 as against 2.4 MMT
during 2017-18, registering 11.8% growth.
- The R&D Centre developed over 100 new lubricant formulations during the year and
commercialised 87% of them.
Bibliography

https://en.wikipedia.org/wiki/Indian_Oil_Corporation

https://www.iocl.com/products.aspx

https://www.iocl.com/aboutus/PipelineNetwork.html

https://www.iocl.com/AboutUs/IndianOilPerformance2018-19.aspx

https://iocl.com/AboutUs/FinancialPerformance.aspx