Indian Oil Corporation Ipo Price

Type

State owned organization
Traded as
ISININE242A01010
IndustryOil and Gas
PredecessorIndian Refineries Ltd.

(1958)
Indian Oil Company (1959)

Founded30 June 1959; 60 years ago (30 June 1959)
HeadquartersNew Delhi (headquarters)
Mumbai (registered office)

Area served

India, Sri Lanka, Middle East, Mauritius

Key people

Sanjiv Singh (Chairman)[1]
ProductsPetroleum
Natural gas
Petrochemicals
Revenue₹605,924 crore (US$85 billion) (2019)[2]

Operating income

₹36,952 crore (US$5.2 billion) (2019)[2]

Net income

₹16,894 crore (US$2.4 billion) (2019)[2]
Total assets₹335,155 crore (US$47 billion) (2019)[2]
Total equity₹114,346 crore (US$16 billion) (2019)[2]
OwnerGovernment of India (52.1%)[3]

Number of employees

33,498 (2019)[2]
SubsidiariesIndianOil (Mauritius) Ltd.
CPCL
Lanka IOC PLC
IOC Middle East FZE
Indane (LPG)
Websitewww.iocl.com

Indian Oil Corporation Limited (IOCL), commonly known as IndianOil is an Indian government owned oil and gas company headquartered in New Delhi.[4] It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore (USD 2,848 billion) for the financial year 2016–17.[5] It is ranked 1st in Fortune India 500 list for year 2016[6] and 117th in Fortune Global 500 list of world's largest companies in the year 2019.[7] As of 31 March 2017 IndianOil's employee strength is 33,135, out of which 16,545 are in the officer cadre.[8] It is India's largest downstream oil company, with a work force of more than 33,000 employees, a turnover of Rs.

506,428 crore and a net profit of Rs.

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21,346 crore in 2017-18.[9]

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.[10]

IndianOil has ventured into alternative energy and globalization of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),[11] Mauritius (IndianOil (Mauritius) Ltd)[12] and the Middle East (IOC Middle East FZE).[13]

In May 2018, IOCL become India's most profitable state-owned company for the second consecutive year, with a record profit of ₹21,346 crore in 2017-18, followed by Oil and Natural Gas Corporation, whose profit stood at ₹19,945 crore.[14]

Operations[edit]

Business Divisions[edit]

There are 7 major Business Divisions in the organization:

Products and services[edit]

Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity.

The Indian Oil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 million tonnes per year.[22] Indian Oil's cross-country pipeline network, for transportation of crude oil to refineries and finished products to high-demand centers, spans over 13,000 km The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metre per day at standard conditions for gas.

On 19 November 2017, IOC, in collaboration with Ola, launched India’s first electric charging station at one of its petrol-diesel stations in Nagpur.[23] Indian governments’ National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of 6 to 8 million electric and hybrid vehicles in India by 2020.[24]

Refinery locations[edit]

Pipelines[edit]

Foreign subsidiaries[edit]

  • IndianOil (Mauritius) Limited
  • IOC Middle East FZE

Employees[edit]

As of 31 March 2017, the company had 33,135 employees, out of which 2735 were women (8.25%).

Its workforce includes 16,545 officers.[25] The attrition rate in Indian Oil is around 1.5%.[26] The company incurred INR 96.57 Billion on employee benefits during the FY 2016–17.[25]

Listing and shareholding[edit]

Indian Oil's equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.[27]

As of September 2018, it was owned 57% by the Government of India (through the President of India), and 43% by other entities.

The latter included corporate bodies (20%), ONGC (14%), LIC (6%), Foreign portfolio investors (6%), Oil India Limited (5%) and Indian Mutual funds (4%).[28]

This was similar to its shareholding in 2017.

As of 31 December 2017, the PromotersGovernment of India held approx. 56.98% of the shares in Indian Oil Corporation.

LONG TERM INVESTMENT IN INDIAN OIL CORPORATION LTD.

Public held the rest 43.02% of the shares - this includes Mutual Fund Companies, Foreign Portfolio Investors, Financial Institutions/ Banks, Insurance Companies, Individual Shareholders and Trusts.[29]

Competition[edit]

Indian Oil Corporation has two major domestic competitors - Bharat Petroleum and Hindustan Petroleum - and both are state-controlled, like Indian Oil Corporation.

Major private competitors include - Reliance Industries and Essar Oil.

Oil Industry Development Board[edit]

India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels (5,950,000 m3), enough for two weeks of consumption.[31] Petroleum stocks have been transferred from the Indian Oil Corporation to the Oil Industry Development Board (OIDB).[32] The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling government agency for the strategic reserve.[33]

See also[edit]

References[edit]

External links[edit]

IOCL Petrol Pump under construction in Khammam
An Indian Oil fuel truck on way to Ladakh
An IOCL refinery in Bihar at night
A sculpture on the premises of IOCL Corporate Office, New Delhi, India