IOCL-AN INTRODUCTION

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‖.

MISSON

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 maximize 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 Research and Continuous
Development.
To foster a culture of participation and innovation for employee growth and
contribution.
To cultivate high standards of business ethics and Total Quality Management for a
strong corporate identity and brand equity.
To help enrich the quality of life of the community and preserve ecological balance and
heritage through a strong environment conscience.
INDIAN OIL: INDIA’S DOWNSTREAM MAJOR

Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in
1964
with the merger of Indian Refineries Ltd. (established 1958). Indian Oil Corporation Ltd.
(Indian Oil) is India's largest commercial enterprise, with a sales turnover of Rs. 58676crore
and profits of Rs. 7976.48 for the year 2008-09. Indian Oil is also the highest ranked Indian
company in the prestigious Fortune 'Global 500' listing, having moved up 11TH places to the
105TH position in 2009. It is also the 20th largest petroleum company in the world.

The Indian Oil Group of companies owns and operates 10 of India's 19 refineries with a
combined refining capacity of 60.2 million metric tonnes per annum (MMTPA, .i.e. 1.2
million barrels per day). These include two refineries of subsidiary Chennai Petroleum
Corporation Ltd. (CPCL) and one of Bongaigaon Refinery and Petrochemicals Limited
(BRP). Indian Oil and its subsidiaries account for a 47% share in the petroleum products
market, 40% share in refining capacity and 67% downstream sector pipelines capacity in
India. The Indian Oil operates the largest and the widest network of fuel stations in the
country, numbering about 17606 (15557 regular ROs & 2049 Kissan Sewa Kendra). It has
also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over
47.5 million households through a network of 4,990 Indian distributors. In addition, Indian
Oil‘s Research and Development Center (R&D) at Faridabad supports, develops and provides
the necessary technology solutions to the operating divisions of the corporation and its
customers within the country and abroad. Subsequently, Indian Oil Technologies Limited - a
wholly owned subsidiary, was set up in 2003, with a vision to market the technologies
developed at Indian Oil‘s Research and Development Center. It has been modeled on the
R&D marketing arms of Royal Dutch Shell and British Petroleum.

Indian Oil is investing Rs. 43,393 crore (US $10.8 billion) during the period 2007-12 in
augmentation of refining and pipeline capacities, expansion of marketing infrastructure and
product quality upgradation as well as in integration and diversification projects Indian Oil
operates the largest and the widest network of petrol & diesel stations in the country,
numbering over 17,600. It reaches Indane cooking gas to the doorsteps of over 50 million
households in nearly 2,700 markets through a network of about 5,000 Indane distributors.

Indian Oil‘s ISO-9002 certified Aviation Service commands over 62% market share in
aviation fuel business, meeting the fuel needs of domestic and international flag carriers,
private airlines and the Indian Defense Services. The Corporation also enjoys a dominant
share of the bulk consumer business, including that of railways, state transport
undertakings, and industrial, agricultural and marine sectors. Indian Oil has set up
subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates (UAE), and is
simultaneously scouting for new opportunities in the energy markets of Asia and Africa.