Landmark Year

Leapfrogging from BS IV to BS VI in
a matter of 3 years.

Landmark achieved on March 16,

2020.

Pump nozzles of all IOCL ROs now

dispensing BS VI.
Fueling the Nation.. even in Lockdown
 Operational Milestones - Refineries

Crude Processing (MMT)

71.9
69 69.4
65.2 Best in class furnace efficiencies
Leapfrogging from
despite mega constructions and
BS IV to BS VI revamps in operating refineries

2016-17 2017-18 2018-19 2019-20

>100% utilization based on nameplate capacity of 69.2 MMT

Mathura Refinery adjudged as the 6 new crudes included in the
Energy Efficiency (MBN) best performing refinery in Asia,
crude basket taking the
with Quartile-1 performance in
2015-16 2016-17 2017-18 2018-19 2019-20 Energy Intensity Index (EII) imported crude varieties to
Parameter 186

72.6 71.3 71.9

74.9
76.6
 Pipeline Operations

Pipeline Throughput (MMT)

88.5 Crude Oil Pipelines achieved
Highest ever throughput of
a throughput of 47.5 MMT
37.1 MMT in Product
with a capacity utilization of
Pipelines
around 98%.
3.5%
85.7 85.4
438 km of pipeline network Capacity of 94.56 MMTPA
3.8%
added and the IOC pipeline (Crude Oil + Product
network has reached Pipelines) and 21.69
82.5 14670 km MMSCMD (Gas Pipeline).

3.6%

Ethanol blended MS
CGD - Work on 17 GAs
introduced for the first time
awarded to IOCL under-way
in Mathura-Bijwasan PL
2016-17 2017-18 2018-19 2019-20
Network Expansion

69 km , 2 MMT India-Nepal Motihari-

Pipeline Length (km) Amlekhganj POL pipeline inaugurated

14,670

14,231 Pipeline, supposedly the longest LPG Pipeline

globally is on track.

13,391
• Project is being executed by IHB Ltd
12,848 • 50% stake from IOCL.

Decks cleared for Execution of the prestigious

North East Gas Grid PL Project connecting all
state capitals in the NE with National gas grid.

• MoP&NG has granted Viability Gap Funding of ₹ 5559

Crores (60% of the total project)
2016-17 2017-18 2018-19 2019-20
• IOCL has 20% stake in the project.
Tie-ups for Sustainable Value chain

Carbon Capture
Utilization and Storage
IOC and ONGC (CCUS)

CO2 assisted Enhanced

Oil Recovery

IOC and OIL Enhanced Domestic Oil

production
 Digitalization

AI/ML enabled CCRU yield/

RON Optimization tool
deployed at Panipat
Energy Management GeM integration with SAP
System

Smart Turnaround
Refinery Production Management System for
Scheduler real time monitoring of
shutdowns

Recognised as one of the top 10 digitally empowered PSUs of the country at the 17th Infotech forum organised by VAR INDIA,
India's frontline IT magazine
Refinery - Mega Projects

Delivered in 2019-20

Distillate Yield VGO Treater Polypropylene

Improvement -
Haldia - Gujarat - Paradip

Upcoming in 2020-21

Barauni Refinery
PX-PTA Revamp LAB Expansion -
Expansion (BR-
Panipat Gujarat
09)
Awards and Accolades

Company of the Refinery of the ‘CHT’ Saksham- Refinery of the National Safety
Year Year 2019 Year Award
in Petrochemicals - Downstream Paradip & - 2019 for Mathura - Bongaigaon
Category India Excellence Guwahati Refinery Refinery
Award by FIPI
by Global Refining
and Petrochemical
Congress
Business Differentiators

Digitalization of Reliability Sustainability in

operations mind

Application of Readiness for un- Commitment to

online processes, interrupted sustainable
AI/MI and new supply of solutions through
age technology in alternatives like
Petroleum
day to day renewables and
working Products even in CBG
testing times like
COVID 19
Serving the nation with fuels and more…
Domestic POL Sales (MMT) Led the oil marketing
companies in in release of 8
77.32 80.21 83.18 81.94 crore LPG connections Pradhan
Mantri Ujjwala Yojana (PMUY)
11.6 LPG
10.8 12.3
10.1 Naptha • Achieved in Sept. 2019 – seven
11.6 MS months ahead of the timeline.
10.1 10.9 12.1 • The Corporation accounted for 3.76
4.8
ATF
3.9 4.5 4.8 crore connections.
3.6 2.6 2.3 1.6 SKO
HSD
FO/LSHS
35.3 36.5 37.1 36.1 Mobile apps for customers &
Bitumen partners
Lubes
3.4 3.3 3.3 3.2 Others
• LPG distributors & delivery men
2016-17 2017-18 2018-19 2019-20
 Focus on Energy Solutions

IMO 2020 Winter Grade High Flash Diesel Ethanol Blended Special Products
Diesel MS
First Company in Production of BS VI 1st Batch of NATO Ethanol Blended MS Crumb Rubber
India to offer IMO Compliant Winter Grade High Flash from Mathura Modified Bitumen
compliant marine Grade HSD at HSD supplied from Refinery from Digboi
fuel Paradip to Indian
Panipat with -33o
Navy
pour point for areas
like Ladakh
Making its way through the
Covid-19 lockdown

PM CARES Medical Term Cover Supply

Fund Insurance Readiness

ex-gratia Covid-19
To include any
insurance cover of
COVID-19 related Rs. 5 lakhs for Robust plans for POL
Rs. 225 crore
ailment for LPG extended workforce movement and
contribution from
delivery boys, truck in case of a COVID- stock-ups at
the Corporation
drivers, etc., 19 related casuality upcountry locations
Beyond Oil
Value creation in Petrochemicals
DOMESTIC PETCHEM SALES (TMT)

More than 115 OEM approvals 2423

2289
2114
98
2092 Butadiene
84
Symbol of Excellence In Plastics & Polymer Industries 88 94 Polymers

1,178 1,351
Glycols
1,221 1,288
More than 20 import substitute grades PX/PTA
360 331
308
277 LAB/ HAB
Product Application Development Center (PADC) at 530 494
355
Paradip is now Department of Scientific and Industrial 298
Research (DSIR) approved R&D 137 143 149 135

2016-17 2017-18 2018-19 2019-20

Preferred Supplier to HUL, ITC, Tupperware,
Samsonite etc

End to end logistics solution through coastal route

implemented to evacuate PP from Paradip plant
 Gas Business
Data in MMT

19%
3%
2%
4.72

3.79 3.86 3.96

2016-17 2017-18 2018-19 2019-20

Note: Includes Internal Consumption

A staggering 19% Growth in R-LNG Portfolio

 Gas Infrastructure

Commissioning of Ennore- ETMPL Ennore-Sriperumbur

Manali section of the Ennore-
Tiruvallur-Bangalore-
Pondicherry-Nagapattinam-
Madurai-Tuticorin R-LNG
Pipeline (ETMPL)
Barmer-Pali-Palanpur
pipeline section (340 km) of
Mehsana-Bhatinda PL
Priority section of
section targeted to be
Mallavaram-Bhopal-Bhilwara-
completed by June 2020
Ennore-Ramanathapuram Vijaipur PL i.e. from
and Thiruvallur-Bengaluru Kunchanapalle to
Sections targeted to be Ramagundam Fertilizers &
mechanically completed by Chemicals Ltd. (365 km in
VGF Approved for Natural February 2021. length) commissioned
Gas Pipeline Grid Project of
length 1656 Km in the North
East

Jalandhar-Amritsar section (100 km)

of Bhatinda-Jammu-Srinagar PL
commissioned
Upstream Portfolio

Blocks’ Location
5.0
Reserves & Production
4.5
Overseas 4.0
1 3 01 7 12
Blocks 3.5
3.0
4.4
2.5
Domestic 2.0 4.3
3 1 1 6 1 12
Blocks
1.5
2.7
1.0
Exploration 1.4
0.5
Discovery 0.0
Appraisal 2016-17 2017-18 2018-19 2019-20
Under Development Production (MMToe)
Production
Recent Acquisitions

CMB Sales
Cauvery Block, Tamil Nadu from
Jharkhand
Block
West Mechaki , Assam
New Gas
discovery
in Gujarat-
Baghewala , Rajasthan Kutch
Offshore 4.2 TMT
Production
Block Onshore-1, Abu Dhabi from
Producing
Fields

Key Developments
New Downstream Overseas Linkages

MoU with EDEN Group for opportunities in Oil

& Gas sector in Myanmar.

MoU signed with PTT Oil &

MoU signed with IGE Retail (PTTOR), Thailand,
Group of Myanmar, for the State-owned Oil
pursuing business Company of Thailand, for
opportunities in cooperation in Retail,
downstream petroleum Lubricants and Aviation
sector in Myanmar businesses.

MoU signed with The National Petroleum Authority, Ghana

for support / cooperation in developing HSE framework for
LPG market in Ghana
Expanding Overseas Horizons

An all-weather solution for supplying LPG

to Tripura was put in place by way of First SERVO Distributor (M/s
importing Bulk LPG from Bangladesh by Machinery & Solutions)
road. appointed in Maynmar

JV with TOTAL Marketing & Non-Binding Offer (NBO) for

Services, France for Bitumen equity stake in brownfield
Derivatives and LPG business Petrochemicals project of SOCAR

JV between IOC ME with Non-Binding Offer (NBO) for

QatratNaft LLC, a Wholly Owned 50% equity stake in Petroleum
Subsidiary of Al-Jeri, for Import and Storage Terminal at
development of Retail network Thilawa, Myanmar to Puma
in Saudi Arabia Energy.
Alternate Energy Space

– 393 GWHr generation in 2019-20

201.6 216.2 226
187.1 equating to ~ 5% of the electricity
consumed by the corporation

– Mitigated ~318 TMT equivalent CO2

2016-17 2017-18 2018-19 2019-20 in 2019-20
Renewable Capacity (MW)
Bioenergy

Letter of Intent (LOIs) for 295 Plants for production and

supply of 0.6 MMTPA of CBG under the 'SATAT’

Sale of CBG commenced from two Retail Outlets in

Pune and Kolhapur under the brand name "IndiGreen"

Upcoming Biofuels Complex at Gorakhpur, UP

Upcoming 2G Ethanol Project in Panipat, Haryana

EOI on procurement of UCO based Bio-diesel

Other Futuristic Projects

JV agreement with Phinergy (Israel)

EV Charging at 43 Retail Outlets to setup a Metal-Air battery unit in
India for EVs

Plastic
H-CNG Trials on CNG Neutrality
buses
(Creating Cyclical
value chain for
Plastic Recycling
and Reuse)
 R&D

New avenues of collaboration

• SolPed International-Israel | BARC | L&T | SAIL | ONGC
Indianoil’s Start-up Fund
Cutting-edge solutions
• Lubes | Catalysts | Additives | Petchem| Polymers | 2G/3G
Bio-fuels | Hydrogen • Incubated 24 start-ups - 2
funding rounds
929 Active patents ( Domestic: 285/ • Hand-holding selected start-ups
till proof of concept stage.
Overseas: 644) [as on 01.04.2020 ] • 11 patents and six copyrights
• 128 (37 in India and 91 overseas) filed in 2019-20 have been filed jointly.
• 123 patents granted (Domestic:34 / Overseas: 89)

INDMAX Indigenization of Plastic-neutrality -

132 new Nano-additised 5-tonnes per day
technology licensed enzyme 100% single-use
formulations of differentiated bio-methanation
to M/s. NIS for formulation for 2G- waste plastic re-use
Lubricants commercial LPG plant
refinery in Serbia ethanol with bitumen
Projects
 CAPEX Trend
Actual 2019-20

Figures in Rs. Crore

30000 28316

25083
25000 22862
21795 21457 22208
20162
20000

15395
14479 14369
15000

10000

5000

0
2015-16 2016-17 2017-18 2018-19 2019-20
Budgeted Expenditure Actual Expenditure

Above CAPEX figure is inclusive of CAPEX of Major Projects (Standalone + JVs / Subs) and Other Projects. For FY16 CAPEX is on cash basis and for FY17, FY 18 and
FY19 are on accrual basis. Details for 2019-20 are on net of tax basis.
 Major Projects Completed (2019-20)

Polypropylene Plant at Paradip Refinery, INDMAX Project at Bongaigaon Refinery,

BS-VI Project at IOCL Refineries Odisha Assam
~ Rs 17,000 crs # 14-07-2019 #05-02-2020
Rs 3150 Cr Rs 2582 Cr

Fuel quality upgradation Project at Gujarat
Refinery (Earlier known as BS-IV Project at
Gujarat Refinery), Gujarat
#08-06-2019
Rs 1315 Cr
Jaipur-Panipat Naphtha Pipeline along with
Koyali-Sanganer Pipeline augmentation,
Gujarat,Haryana and Rajasthan
#31-12-2019
Rs887 Cr
Major Projects under Implementation
Refineries (>Rs 500 Cr Projects)

Ethylene Glycol (MEG) Project at Acrylics/ Oxo Alcohol Project at

Paradip Refinery Gujarat Refinery, Gujarat Fuel Quality Upgradation Project at Fuel quality upgradation Project at
Paradip Refinery, Odisha Barauni Refinery, Bihar
Aug-2021 May-2020
Oct-2021 May-2023
# Rs 3361 Cr # Rs 1774 Cr
# Rs 5654 Cr # Rs 5251 Cr

Installation of Ethanol Plant based

Naphtha Cracker Expansion Project PX-PTA Expansion Project at Panipat on LanzaTech Gas Fermentation
at Panipat Refiney, Haryana 2G Ethanol Plant at Panipat Refinery,
Refinery and Petrochemical Technology along with associated
Haryana
Complex, Haryana facilities at Panipat Refinery,
Aug-2021 Haryana
Aug-2020 Dec-2021
# Rs 909 Cr Jan-2021
# Rs1636 Cr # Rs 1255 Cr
#Rs 598 Cr
Major Projects under Implementation
Pipelines
(>Rs 500 Cr Projects)

Crude Oil Pipeline in H-B section of

Ennore - Thiruvallur - Bengaluru -
PHBPL and Conversion of existing Paradip - Hyderabad Pipeline,
Puducherry - Nagapattinam - Koyali - Ahmednagar- Solapur
18" twin pipelines in H-B section
Madurai - Tuticorin Natural Gas Pipeline,
from Crude to Product and Gas
Pipeline, #Aug-2021
service # Aug-2020
# Feb-2021 Rs 1945 Cr
# Jun-2021 Rs 3338 Cr
Rs 6025.00 Cr
Rs 3696 Cr

Augmentation of Paradip - Haldia -

Durgapur LPG Pipeline and its Paradip- Somnathpur- Haldia Augmentation of Mathura-Tundla
Ennore-Trichy-Madurai LPG Pipeline Pipeline and its extension for hook-
extension up to Patna and Pipeline Project,
Muzaffarpur # Jun-2020 up with Barauni- Kanpur Pipeline at
# Oct-2021
Rs 711.00 Cr Gawria T Point, Uttar Pradesh # Dec-
# Mar-2021 Rs 1297 Cr 2021 Rs 676 Cr
Rs 3027 Cr
Major Projects under Implementation
(>Rs 500 Cr Projects) Marketing

Construction of POL
LPG Import Facility at LPG Import Terminal and
Terminal at Malkapur,
Paradip, Odisha Jetty at Cochin, Kerala
Telangana
#Oct-2020 # Dec-2020
# Mar-2023
Rs 690 Cr Rs 714 Cr
Rs 611 Cr

Augmentation of Kandla Construction of Grass Root Resitement of Ramnagar

LPG Import Terminal, POL Terminal at Motihari, depot at Moinarbad,
Gujarat Bihar Silchar, Assam
#Aug-2022 # Mar-2021 #Dec-2020
Rs 588.20 Cr Rs 522 Cr Rs 502 Cr
Major Projects under Implementation
(>Rs 500 Cr Projects)
City Gas Distribution (CGD)

Muzaffarpur, Vaishali, Srikakulam,

Palakkad & Thrissur Coimbatore district, Kozhikode & wayanad
Saran and Samastipur Visakhapatatnam and
Districts Tamil Nadu Districts, Kerala
districts, Bihar Vizianagaram AP
#Sep-2026 #Sep-2026 #Sep-2026
#Mar-2027 #Mar-2027
Rs 3065 Cr Rs 2998 Cr Rs 2047 Cr
Rs 2996 Cr Rs 2880 Cr

Kannur, Kasargod & Araria, Purnia, Katihar

Malappuram District, Burdwan District, West Salem district, Tamil
Mahe Districts, Kerala and Kishanganj districts,
Kerala Bengal Nadu
and Puducherry (UT) Bihar
#Sep-2026 # Sep-2026 # Sep-2026
#Sep-2026 # Mar-2027
Rs 1874 Cr Rs 1381.51 Cr Rs1304 Cr
Rs1864 Cr Rs 988 Cr

Bulandshahr (Except areas Bokaro, Hazaribagh and

already authorized), Aligarh & Ramgarh districts, Gaya & Nalanda, Bihar
Hathras Districts, Uttar Pradesh Jharkhand #Sep-2026
#Sep-2026 # Sep-2026 Rs 526 Cr
Rs 901 Cr Rs 613 Cr
Social Consciousness
CSR

IndianOil Vidushi IndianOil Arogyam

• Noida and Bhubaneswar • 12 Mobile Medical Units

• Being expanded to Patna,
Jaipur and Chennai
• Specialised coaching and
mentoring to girl students
from under-privileged
families to pass JEE-IIT.
(MMUs) operating since
FY19 in the catchment
areas of Mathura,
Bongaigaon & Paradip
refineries.
Assisting Divyangjan SDI, Bhubaneswar

Rejuvenating Water Bodies • IndianOil provided • IndianOil, as the

Urban Afforestation assistive devices to anchor investor
more than 10,000 • Partnership with
• IndianOil adopted the famous • As part of Swachh Bharat Abhiyan, IndianOil teams divyangjan in 21 other in oil sector
Miyawaki method to develop an cleaned and maintained 37 water bodies, States in 2019-20 in PSUs
urban forest (2,000 sq. ft.) in a prominent ones being Bhalsawa Lake (Delhi), association with • State-of-the-art
public park, My Lady's Garden, in Thettiyar River (Trivandrum), Shukla Vihar Lake Artificial Limbs employable skill
Chennai under the tagline ‘Lungs (Lucknow), Silpukhuri (Guwahati), Siddheswar Manufacturing training to
of City’ Corporation unemployed youth in
(ALIMCO). six trades.

Rs.5 crore for restoration and renovation of Shree Jagannath

Rs.27.96 crore for Tourist First-Aid & Facilitation Centre and
Temple, Puri, that endured damage from Cyclone Fani in May
related infrastructure at Kedarnath temple in Uttarakhand
2019.
Financials
 Turnover

Rs. crore 5,96,220

Particular 2017-18 2018-19 Var (%) 4,97,400 Q-4
1,42,689
Petroleum 449648 543,862 21.0% Q-4
1,34,524
Q-3
Petrochemicals 17163 20,180 17.6% 157740
Q-3
Gas (Inc. Upstream 129370
6103 7,947 30.2%
sales) Q-2
Q-2 148320
Exports 24486 24,231 -1.0%
109436

Turnover 497400 596,220 19.9% Q-1

Q-1
124070 147471
Other Revenue including
9028 9,704 7.5%
subsidy
2017-18 2018-19
506428 605,924 19.6%
Quantity Variance: Rs. 6,338 crore
Income from Operations
Price Variation: Rs. 92,482 crore
Profits

Profit After Tax (Rs. crore)

21,346
19,106
16,894

2016-17 2017-18 2018-19

Profits (Quarterly)

Profit After Tax (Rs. crore)

6,831
6,099

3,247

717

Q1 Q2 Q3 Q4
 Profitability for the year

Key Indicators (Rs. crore) Deviations in Annual Profit

from Previous Year

2017-18 2018-19 Decrease by Rs. 4,452 crore

Net Profit/ (Loss) 21,346 16,894
Decrease by Rs. 2,623 crore
Major Reasons Contributing to the decrease in Profit:

Inventory Gains/ (Loss) - Gross 6,795 4,172 Decrease by Rs. 1,807 crore

Foreign Exchange Gain / (Loss) 304 (1,503) Decrease by Rs. 1,659 crore
(Provision)/ Write-back of Tax
2,814 1,155
Disputes Decrease by Rs. 1,267 crore

One-time Provision for SABF - (1,267)

Increase by Rs. 2,985 crore
Provision for Taxes (11,218) (8,233)
 Under-Recoveries
Rs. crore

Parameter 2016-17 2017-18 2018-19

Under-Recovery on SKO 5,149 3,196 4,110

Claims thru DBTL – LPG 6,265 10,627 15,638

Total 11,414 13,823 19,748

Leverage
Rs. crore
1,00,000

86,359
1.00

80,000

0.79
0.80
58,030
Rs. crore

60,000

D/E Ratio
54,820

0.55 0.60
40,000 0.53

0.40
20,000

3,445 3,483 4,311

- 0.20
2016-17 2017-18 2018-19
Interest Cost Borrowings Debt Equity Ratio
Contribution to Exchequer

1,90,670 1,93,422
1,79,014

76,197 87,308 92,027

States
Central

1,02,817 1,03,362 1,01,395

2016-17 2017-18 2018-19

 Evolving Human Capital
Driver – Leveraging People’s Potential & Motivating Millennials
Robust Induction &
Onboarding Programme
Saksham – Competency
Development Programme
A Great Place to Work

Schemes for
Upgrading
professional skills - e-Learning Platform

Mentoring & Reverse

Mentoring Process Focus on Technology & Analytics

Enhancing Productivity and Infusing fresh Ideas

Encouraging Millenials ~ 40% of the total Officer Strength
A few elements of future strategy

• Brownfield expansions with value added products

• Cost leadership thru business process transformation
Consolidation of Existing • Increasing LPG import and pipeline capacity; widening product mix
Business • Automation of ROs for reliable and consistent service delivery
• Logistics Optimization

• Building Natural gas import and transportation capacity

• Raising Upstream Integration Ratio from 5.4% to over 12% by 2029-30
Diversification • Renewables: solar | wind capacity augmentation
• Bio-Fuel forays : Waste-to-Energy | 2G/3G Ethanol | Bio CNG

• Petrochemical Capacity addition with expanding product portfolio

• Expanding footprints in in attractive overseas geographies
Being Future Ready • Future Energy Avenues: H-CNG | EV Battery
• Enhanced customer connect thru digital initiatives
Our Superstars

Padma Bhushan and Dronacharya awardee

Pullela Gopichand was honoured as
Coach of the Year.

Rohit Sharma was adjudged best sportsman

of the Year (cricket).