IndianOil is India's flagship national oil company with business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals. It is the leading Indian corporate in the Fortune 'Global 500' listing, ranked at the 96th position in the year 2014.

With over 34,000 strong workforce, IndianOil has been helping to meet India’s energy demands for over half a century. With a corporate vision to be the Energy of India, IndianOil closed the year 2013-14 with a sales turnover of Rs.4,57,553 crore and profits of Rs 7,019 crore.

At IndianOil, operations are strategically structured along business verticals - Refineries, Pipelines, Marketing, R&D Centre and Business Development – E&P, Petrochemicals and Natural Gas. To achieve the next level of growth, IndianOil is currently forging ahead on a well laid-out road map through vertical integration— upstream into oil exploration & production (E&P) and downstream into petrochemicals – and diversification into natural gas marketing and alternative energy, besides globalisation of its downstream operations. Having set up subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates (UAE), IndianOil is simultaneously scouting for new business opportunities in the energy markets of Asia and Africa.
Reach and Network
IndianOil and its subsidiary (CPCL) account for over 49% petroleum products market share, 31% national refining capacity and 71% downstream sector pipelines capacity in India.

The IndianOil Group of companies owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 Million Metric Tonnes Per Annum (MMTPA), i.e. 1.30 million barrels per day approximately. IndianOil's cross-country network of crude oil and product pipelines spans 11,214 km with a capacity of 77.258 MMTPA of crude oil and petroleum products and 10 MMSCMD of gas. This network is the largest in the country and meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner.
The Corporation has a portfolio of powerful and much-loved energy brands that includes Indane LPGas, SERVO lubricants, XtraPremium petrol, XtraMile diesel, PROPEL & petrochemicals, etc. Validating the trust of 82 million households, Indane has earned the coveted status of 'Superbrand'.
IndianOil has a keen customer focus and a formidable network of customer touch-points dotting the landscape across urban and rural India. It has over 23,900 petrol and diesel stations, including over 6000 Kisan Seva Kendras (KSKs) in the rural markets. With a countrywide network of over 40,000 sales points, backed for supplies by 135 bulk storage terminals and depots, 3,930 SKO/LDO dealers (60% of the industry), 98 aviation fuel stations and 90 LPGas bottling plants, IndianOil serves every nook and corner of the country. Indane is present in almost 3,130 markets through a network of 7035 distributors (51.2% of the industry). Over 6,300 bulk consumer pumps are also in operation for the convenience of large consumers, ensuring products and inventory at their doorstep.
IndianOil's ISO-9002 certified Aviation Service commands an enviable 63% market share in aviation fuel business, successfully servicing the demands of domestic and international flag carriers, private airlines and the Indian Defence Services. The Corporation also enjoys a 65% share of the bulk consumer, industrial, agricultural and marine sectors.

With a steady aim of maintaining its position as a market leader and providing the best quality products and services, IndianOil is currently investing Rs. 47,000 crore in a host of projects for augmentation of refining and pipelines capacities, expansion of marketing infrastructure and product quality upgradation.
Innovation is key
IndianOil has a sprawling world-class R&D Centre that is perhaps Asia's finest. It conducts pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels, and is also the nodal agency of the Indian hydrocarbon sector for ushering in Hydrogen fuel economy in the country. The Centre holds 292 active patents, with over 152 international patents.

Bio-Energy Research Centre has signed an agreement with Lanzatech to develop micro-algae technology which entails development of an acetate-to-lipid pathway and evaluation of its viability for CO2 gas fermentation technology. In order to harness futuristic energy sources, initiatives are being taken for setting up of an Indian Oil Centre for Renewable Energy (i-CARE) at Manesar. Besides, bio-energy, this Centre will also focus on gasification technology, solar, thermal and hydrogen including fuel cells.

Some of the in-house technologies and catalysts developed by IndianOil include the DHDT technology, Light Naptha Isomerization technology, INDMAX technology (for maximizing LPGas yield), Oilivorous –S bio-remediation technology(extended to marine applications too), Diesel Hydro DeSulphurisation(DHDS) catalyst, a special Indicat catalyst for Bharat Stage – IV compliant Diesel, IndVi catalyst for improved distillate and FCC throughput, and adsorbent based deep sulphurisation process for gasoline and diesel streams.
Redefining the horizon
IndianOil is the second largest player in the domestic petrochemical market. Twenty One new exports destinations were added during the year. During the year 2013-14 highest ever sales of petrochemicals 2.114 MMT has been achieved against 2.072 MMT during 2012-13. The sales revenue of Rs. 19,000 Crores was achieved during 2013-14 compared to Rs. 16,534 Crores last year, registering 15.6% growth. Six new PE/PP grades were successfully developed during the year. In Petrochemicals, IndianOil offers a full slate of products including Linear Alkyl Benzene (LAB), Purified Terephthallic Acid (PTA) and an extensive range of polymers. IndianOil holds a significant market share of LAB in India and exports to 19 countries. It is the largest suppliers of Mono-Ethylene Glycol (MEG) in the domestic market. Execution of a state-of-the-art 120,000 tonnes per annum Styrene Butadiene Rubber (SBR) unit is underway at Panipat. The SBR unit is expected to further strengthen IndianOil’s presence in the specialty petrochemicals sector.

Benchmarking of various IndianOil polymer grades (PP Raffia, PP BOPP, PP Yarn grade, PP Battery grade, HDPE Raffia, HDPE Blow molding grade, HDPE Pipe grade etc.) was successfully completed during the year for their better acceptability. Alternative vendor development for additives completed to increase the vendor base.
In Exploration & Production, IndianOil presently has participating interest in 13 domestic and 11 overseas blocks. Out of 13 domestic blocks, IOC is operator with 100% participating interest (PI) in 2 onshore exploration blocks in Cambay basin. In the remaining 11 domestic blocks, IndianOil holds a non-operating participating interest ranging between 20% and 30%. IndianOil through its wholly owned affiliate IndOil Montney Ltd, Canada has signed transaction agreements with Progress Energy Canada Ltd. (Progress Energy Canada), PETRONAS Carigali Canada BV (PCC BV) wholly owned affiliates of Petroliam Nasional Berhad (PETRONAS) for the acquisition of a 10 percent interest in Progress Energy Canada’s LNG-destined natural gas reserves in northeast British Columbia and in the proposed Pacific NorthWest LNG Ltd. (PNW LNG) export facility on Canada’s West Coast.

Under the diversification initiatives, the gas business’ total sales (RLNG + LNG) grew by 2.0% to 3.219 MMT and a growth of 37% was recorded in the sale revenue. Heads of Agreement has been signed with 17 new customers , totalling 1.51 MMTPA RLNG, for future Gas supplies in Delhi/NCR, Vadodara, Dahej, Bhopal, Allahabad, Chandigarh, Karnataka, Chennai region from upcoming Dahej Expansion Terminal, Ennore Terminal & Mallavaram- Bhilwara Pipelines. IndianOil has recorded a growth of 18.1% in total LNG Sales over the last year. The Corporation has signed 1.50 MMTPA regasification capacities with PLL for 20 years in January 2014 on a long-term use or pay basis, in the expansion of PLL’s Dahej Terminal 15 MMTPA and is expected to be completed in 2016.

IndianOil's joint venture with GAIL India Ltd. - Green Gas Ltd. – is authorised to take up city gas distribution in Agra. A long term gas supply agreement has been signed with NTPC.

Furthermore, in consortium with GSPC, HPCL and BPCL, IndianOil has won gas pipeline bids for Mallavaram to Bhilwara and Vijaypur via Bhopal, Mehsana to Bhatinda and Bhatinda to Jammu and Srinagar.

Venturing into alternative fuels
IndianOiI has forayed into alternative energy options such as wind, solar, bio-fuels and nuclear power. A 21 MW wind power project is operational in the Kutch district of Gujarat. The solar power initiative is being spearheaded on a pilot basis in Orissa, Karnataka and the North East and a pan-India phased roll-out is underway. Solar products such as solar lanterns and torches are being sold through the Retail Outlets in rural and urban areas. With a view to investing in the nuclear energy sector in the country, IndianOil has entered into an agreement with the Nuclear Power Corporation of India Ltd.

IndianOil has the largest captive plantation – over 1,000 hectares – for bio-fuel production in India which is underway in the States of Chhattisgarh and Madhya Pradesh, generating rural employment. To straddle the complete bio-fuel value chain, IndianOil has formed a joint venture with the Chhattisgarh Renewable Development Authority. IndianOil CREDA Biofuels Ltd. has been formed to carry out farming, cultivating, manufacturing, production and sale of biomass, bio-fuels and allied products and services in Chhattisgarh. In Uttar Pradesh, IndianOil is establishing a model value chain for the production of bio-diesel. A MoU for collaborating on commercial production of bio-diesel from algae has also been signed with PA LLC.
IndianOil. The Energy of India
With facilities at multiple locations and ever-expanding market opportunities, IndianOil is poised to become an integrated energy company. As the flagship public sector enterprise of India, IndianOil has also successfully combined its corporate social responsibility agenda with its business offerings, meeting the energy needs of millions of people every day, across the country.
Updated on August 29, 2014
B. Ashok
Chairman
Makrand Nene
Director (Marketing)
V S Okhde
Director (Pipelines)
Sanjiv Singh
Director (Refineries)
Debasis Sen
Director (P&BD)
Dr S C Khuntia
Additional Secretary and Financial Adviser
Ministry of Petroleum & Natural Gas
Rajive Kumar
Additional Secretary
Ministry of Petroleum & Natural Gas
Ms. Shyamala Gopinath
Former Deputy Governor of
Reserve Bank of India
Shyam Saran
Former Foreign Secretary
Govt. of India
Prof. Devang Khakhar
Director,
Indian Institute of Technology,
Bombay



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