18-11-2017, 09:30 AM
Indian Oil Corporation Limited (IOCL), commonly known as IndianOil, is an Indian oil and gas company headquartered in Mumbai. It is the largest commercial company in the country, with a net profit of INR 19,106 million (USD 2,848 million) for fiscal year 2016-17. It is ranked first on the Fortune India 500 list for 2016 and 168 on the Fortune Global 500 list of the world's largest companies in the year 2017. As of March 31, 2017, the strength of employees of IndianOil is 33135, of which 16545 belong to the officer board.
IndianOil's commercial interests overlap the entire hydrocarbon value chain, including refining, pipeline transportation, petroleum product marketing, exploration and production of crude oil, natural gas and petrochemical products. IndianOil has also ventured into alternative energy and the globalization of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd) and the Middle East (IOC Middle East FZE). IndianOil is looking for new business opportunities in the energy markets in Asia and Africa. It has also formed around 20 joint ventures with renowned business partners from India and abroad to pursue various commercial interests. Indian Oil has its R & D center located in Faridabad, Delhi NCR.
IndianOil's commercial interests overlap the entire hydrocarbon value chain, including refining, pipeline transportation, petroleum product marketing, exploration and production of crude oil, natural gas and petrochemical products. IndianOil has also ventured into alternative energy and the globalization of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd) and the Middle East (IOC Middle East FZE). IndianOil is looking for new business opportunities in the energy markets in Asia and Africa. It has also formed around 20 joint ventures with renowned business partners from India and abroad to pursue various commercial interests. Indian Oil has its R & D center located in Faridabad, Delhi NCR.