IOCL (INDIAN OIL CORPARATION LIMITED)

Indian Oil Corporation Ltd. (Indian Oil) was formed in 1964 through the merger of
Indian Oil Company Ltd. (Est. 1959) and Indian Refineries Ltd. (Est. 1958).
Indian Oil Corporation Ltd. (Indian Oil) is India's largest commercial enterprise,
with a sales turnover of Rs. 4,14,909crore (US $ 76200 million) and profits of Rs.
5,005 crore (US $ 919 million) for the year 2012-13. With net revenue of Rs.
466937.49 crore, Indian Oil has maintained its position as the country’s largest
company according to the list of 500 Indian companies released by Financial
Express. With market capitalization of Rs. 68334.65 crore and operating profit of
13812.55 crore, Indian Oil stands way ahead of its competitors. Indian Oil had
topped the ranks in previous year’s listings too. It is also the 18th largest
petroleum company in the world.
IOCL is a diversified, integrated energy major with presence in almost all the
streams of oil, gas, petrochemicals and alternative energy sources; a world of
high-caliber people, state-of-the-art technologies and cutting-edge R&D; a world
of best practices, quality-consciousness and transparency; and a world where
energy in all its forms is tapped most responsibly and delivered to the consumers
most affordably. IOCL is a public sector company.

IOCL are largely located in northern part of India with its registered office in
Bandra (East), Mumbai. IndianOil continues to lay emphasis on infrastructure
development and has been consistently investing in several projects across the
country. The dedicated project teams of IndianOil ensure that implementation of
the projects from the idea stage to commissioning is done seamlessly. Right from
conceptualisation to commissioning, all pipeline projects are being implemented
in-house. The projects are financed through an optimum mix of internal accruals
and borrowings from domestic as well as international markets.

IdianOil is currently metamorphosing from a pure sectoral company with

dominance in downstream in India to a vertically integrated, transnational energy
behemoth. The Corporation is already on the way to becoming a major player in
petrochemicals by integrating its core refining business with petrochemical
activities, besides making large investments in E&P and import/marketing
ventures for oil & gas in India and abroad.
The Indian oil and gas (O&G) sector is projected to touch US$ 139,814.7 million by
2015 from US$ 117,562.9 million in 2012. The sector provides vast opportunities
for investors.
The New Exploration Licensing Policy (NELP) of 1997–98 was envisioned to deal
with the ever-growing gap between demand and supply of gas in India. It has
successfully attracted both foreign and domestic investment, as attested by the
presence of Cairn India and Reliance Industries Limited in the country.
India’s economic growth, as with all other countries, is closely linked to energy
demand. The need for oil and gas, which are among the primary sources for
meeting energy requirements, is thus projected to grow further.
Product pricing Selling of those petroleum products at a price fixed by the
Government below the desired level leading to impact on profitability as well as
uncertainties in revenue stream.

Challenges in inbound supply chain - uninterrupted supply of crude oil Over 75%
of crude oil requirement of the count y is met through imports. Geo-political
events across the world could lead to disruption in supplies.

Challenges in outbound supply chain – reaching products in far flung areas and
formidable terrain Preparedness for disruption of transportation links, damage
pipelines, etc. thereby challenging our ability to ensure oil supplies across the
length and breadth of the country

Environmental imperatives Future regulator y regimes imposing restrictions on

carbon emission, water consumption and waste management, Renewable Energy
Purchase Obligation (RPO) .