IOCL
IOCL
IOCL
Company profile Corporate Overview Objectives & Obligations Organisation structure Group Companies Joint Ventures Business Product Services Swot analysis
Cont
H. R. Strategies Marketing Strategies Financial Statement Award and Recognitions
Company profile
Type Industry Founded Headquarters Product State-owned enterprise Public Oil and Gas 1964 New Delhi, India Oil Petroleum Natural gas Petrochemical Fuel Lubricant Brij Mohan Bansal, Chairman 36,307 (2009)
Corporate Overview
Indian Oil is Indias flagship national oil company The business interests straddling the entire hydrocarbon value chain It is the leading Indian corporate in the Fortune 'Global 500' listing, ranked at the 125th position in the year 2010 Indian Oil has been helping to meet Indias energy demands for over half a century At Indian Oil, the operations are strategically structured along business verticals - Refineries, Pipelines, Marketing, R&D Centre and Business Development E&P, Petrochemicals and Natural Gas
Diversification through vertical integration Upstream - Exploration & production (E&P) Downstream - Petrochemicals Diversification into natural gas marketing and alternative energy
Cont
Objectives
To enhance the country's self-sufficiency in crude oil refining and build expertise in laying of crude oil and petroleum product pipelines To serve the national interests in oil and related sectors in accordance and consistent with Government policies. To further enhance marketing infrastructure and reseller network for providing assured service to customers throughout the country. To achieve higher growth through mergers, acquisitions, integration and diversification by harnessing new business opportunities in oil exploration & production, petrochemicals, natural gas and downstream opportunities overseas.
Obligations
Towards customers and dealers:- To provide prompt, courteous and efficient service and quality products at competitive prices. Towards suppliers:- To ensure prompt dealings with integrity, impartiality and courtesy and help promote ancillary industries. Towards employees:- To develop their capabilities and facilitate their advancement through appropriate training and career planning. To have fair dealings with recognized representatives of employees in pursuance of healthy industrial relations practices and sound personnel policies.
Obligations
Towards community:- To develop techno-economically viable and environment-friendly products. To maintain the highest standards in respect of safety, environment protection and occupational health at all production units. Towards Defence Services:- To maintain adequate supplies to Defence and other para-military services during normal as well as emergency situations.
1948: India's government passes the Industrial Policy Resolution, which states that its oil industry should be state-owned and operated. 1958: The government forms its own refinery company, Indian Refineries Ltd. 1959: Indian Oil Company is founded as a statutory body to supply oil products to Indian state enterprise. 1964: Indian Refineries and Indian Oil Company merge to form the Indian Oil Corporation. 1976: The Burmah-Shell and the Caltex refineries are nationalized. 1981: Half of India's 12 refineries are operated by Indian Oil. 1998: The company's seventh refinery is commissioned at Panipat. 2002: The Indian petroleum industry is deregulated.
History
Organization Structure
Front row left to right: Shri Michael Bastian, Shri S. Sundareshan, Dr. (Smt.) Indu Shahani, Shri S. Behuria,Shri P.K. Sinha, Prof. (Dr.) Indira J. Parikh, Shri N.K. Poddar and Shri Anees Noorani,Back row left to right: Shri S. V. Narasimhan, Shri V.C. Agrawal, Shri B.M. Bansal, Prof. Gautam Barua, Shri G. C. Daga,Shri P.K. Chakraborti, Shri B. N. Bankapur and Shri Anand Kumar
Joint Ventures
Avi-Oil India Limited IOT Infrastructure & Energy Services Ltd IndianOil Petronas Private Limited Lubrizol India Private Limited Petronet LNG Limited Petronet India Limited Petronet VK Limited Petronet CI Limited Green Gas Ltd. Indo Cat Pvt. Limited IndianOil Skytanking Limited IndianOil Power Consortium Limited Suntera Nigeria 205 Limited IndianOil-CREDA Biofuels Limited
Competitors
- Project Cost: Rs. 29,777.00 crore - Expected Commissioning: March-November, 2012 - Benefits:The project will help in partially meeting the deficit in distillates viz. LPG, Naphtha, MS, Jet/Kero, Diesel and other products, in the eastern part of the country
Petrol Xtra Premium petrol Diesel Xtra Mile diesel LPG Aviation turbine fuel Lubricants Naphtha Bitumen Paraffin Kerosene Recently Indian Oil has also introduced a new business line of supplying LNG (liquefied natural gas)
Products
Services
Refining Pipelines Marketing Training Research & Development
Refineries
Name Digboi Guwahati Barauni Gujarat Haldia Mathura Panipat Place Assam Guwahati Bihar Koyali Gujarat Kolkata Delhi and Agra Panipat Commissioned Capacity in In MMTPA 1901 1962 1964 1965 1975 1982 1998 1 13.70 5.8 7.5 12 0.65
Financial Performance
B la cS et a n he
Financial Statement
The award was received by Mr. M.D. Kumar, DGM (I/c), (RD), at a glittering function, organized by the Reader's Digest group in Mumbai.
Mr. Anand Kumar, Director (R&D) was conferred the Lifetime Achievement Award for his contribution as an oil refiner to the hydrocarbon sector for over 35 years, by MAEER's MIT Pune.
SWOT Analysis