Indian Oil Corporation Ltd. (IndianOil) was formed in 1964 through the merger of Indian Oil Company Ltd. (Estd. 1959) and Indian Refineries Ltd. (Estd. 1958).

It is currently India’s largest company by sales with a turnover of Rs. 1,83,204 crore (US $ 41 billion) and profits of Rs. 4,915 crore (US $ 1.10 billion) for fiscal 2005.

IndianOil is also the highest ranked Indian company in the prestigious Fortune ‘Global 500’ listing, having moved up 17 places to the153rd position this year based on fiscal 2005 performance. It is also the 21st largest petroleum company in the world and the # 1 petroleum trading company among the National Oil Companies in the Asia-Pacific region.

India’s Downstream Major

IndianOil and its subsidiaries account for 47% petroleum products market share among public sector oil companies, 41% national refining capacity and 74% petroleum products pipeline capacity.
For the year 2005-06, the IndianOil group sold 54.6 million tonnes of petroleum products, including 2.09 million tonnes through exports.

The IndianOil Group of companies owns and operates 10 of India’s 18 refineries with a combined refining capacity of 54.20 million tonnes per annum (1.1 million barrels per day). These include two refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL) and one of Bongaigaon Refinery and Petrochemicals Limited (BRPL).

The Company’s cross-country crude oil and product pipelines network spanning over 9,000 km meets the vital energy needs of the country.

To maintain its competitive edge and leadership status, IndianOil is investing Rs. 24,400 crore (US $ 5.5 billion) during the X Plan period (2002-07) in integration and diversification projects, besides refining and pipeline capacity augmentation, product quality upgradation and expansion of marketing infrastructure.

Network Beyond Compare

As the flagship national oil company in the downstream sector, IndianOil, together with its marketing subsidiary, IBP Co. Ltd., reaches precious petroleum products to millions of people everyday through a countrywide network of over 30,000 sales points. They are backed for supplies by 183 bulk storage terminals and depots, 97 aviation fuel stations and 88 Indane LPG bottling plants.

IndianOil, together with IBP, operates the largest and the widest network of petrol & diesel stations in the country, numbering over 15,000. It reaches Indane cooking gas to the doorsteps of 43.4 million customers in 2,546 markets through a network of 4,856 Indane distributors.

IndianOil’s ISO-9002 certified Aviation Service commands a 64% market share in aviation fuel business, meeting the fuel needs of domestic and international flag carriers, private airlines and the Indian Defence Services. IndianOil also enjoys a dominant share of the bulk consumer business, encoding that of railways, state transport undertakings, industrial, agricultural and marine sectors.

IndianOil’s world class R&D Centre is perhaps Asia’s finest. Besides pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels such as bio-diesel, the Centre is also the nodal agency of the Indian hydrocarbon sector for ushering in Hydrogen fuel in the country.

Customer First

At IndianOil, customers always get the first priority. New initiatives are launched round- the-year for the convenience of the various customer segments.

Exclusive XTRACARE petrol & diesel stations unveiled in select urban and semi-urban markets offer a range of value-added services to enhance customer delight and loyalty. Similarly, large 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. Specially formatted Kisan Seva Kendra outlets meet the diverse needs of rural populace, offering a variety of products and services such as seeds, fertilisers, pesticides, farm equipment, medicines, spare parts for trucks and tractors, tractor engine oils and pumpset oils, besides auto fuels and kerosene.

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**Details taken from respective Company's Website