Indian Oil Corporation (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, besides forays into alternative energy and globalisation of
downstream operations. It is the leading Indian corporate in Fortune's
prestigious 'Global 500' listing of the world's largest corporates, ranked at
the 96th position in the year 2014. Having set up subsidiaries in Sri
Lanka, Mauritius and the UAE, IndianOil is simultaneously scouting for new
business opportunities in the energy markets of Asia and Africa.
With a 34,000-strong work-force, IndianOil has been helping
meet India’s energy demands for over half a century. With a corporate vision to
be 'The Energy of India,' the Corporation closed the year
2013-14 with a sales turnover of Rs. 4,57,553 crore (US$ 75.6 Billion) and
profits of Rs 7,019 crore.
Reach and Network
IndianOil and its subsidiary CPCL(Chennai Petroleum
Corporation Ltd.) account for over 49% of India's petroleum products market
share, 31% national refining capacity, and 71% downstream sector pipelines
The IndianOil Group owns and operates 10 of India's 22
refineries with a combined refining capacity of 65.7 MMTPA (million metric
tonnes per annum), i.e., approx. 1.31 million barrels per day.
The Corporation's cross-country pipelines network, for transportation of crude oil and finished products, spans 11,214 km, with a throughput capacity of 77.26 MMTPA for crude oil and petroleum products and 10 MMSCMD for 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 LPG cooking gas, SERVO
lubricants, XTRAPREMIUM petrol, XTRAMILE diesel, PROPEL
petrochemicals, etc. Besides IndianOil, both SERVO and Indane have
earned the coveted Superbrand status.
IndianOil's network of 42,000 customer touch-points spread
across urban and rural India reach petroleum products to every nook and corner
of the country. These include over 24,500 petrol & diesel stations, including
over 6,300 Kisan Seva Kendra outlets (KSKs) in the rural markets. They
are backed for supplies by 135 bulk storage terminals and depots, 98 aviation
fuel stations and 90 LPG bottling plants.
Indane LPG cooking gas reaches the doorsteps of 8.95 crore households in about 3,264 markets through a network of 7,988 distributors. Over 6,300 dedicated pumps are also in operation for the convenience of large-volume consumers like the defence services, railways and state transport undertakings, ensuring products and inventory at their doorstep.
IndianOil's Aviation Service commands a 63% market share in
aviation fuel business, serving national and international flag carriers,
private airlines and the Indian defence services. The Corporation also has a 65%
share of the bulk lubricant business in consumer, industrial, agricultural and
The Corporation is currently investing Rs. 47,000 crore in a host of projects for augmenting
its refining and pipelines capacities, expansion of marketing infrastructure,
and product quality upgradation.
Innovation is key
IndianOil's sprawling R&D Centre at Faridabad near Delhi is
perhaps Asia's finest. It has won recognition for its pioneering work in
lubricants formulation, refinery processes, pipeline transportation and
alternative fuels. The Centre holds 384 active patents, with over 233
Redefining the horizon
IndianOil is the second largest player in the domestic petrochemicals
market, besides exports to over 60 countries. The Corporation made its
big-ticket entry into petrochemicals with the commissioning of the country's
largest Linear Alkyl Benzene (LAB, used in the production of detergents) plant
at its Koyali Refinery in August 2004. An integrated Paraxylene/Purified
Terephthalic Acid (PX/PTA) complex came up at Panipat in Haryana in 2006. The PTA plant is the single largest
unit in India, with a world-scale capacity of 5,53,000 MTPA, and produces
polyester intermediates. A world-class Naphtha Cracker with downstream polymer
units, set up at Panipat in 2010, is the largest operating cracker capacity in
India producing polymer (plastics) intermediates. The Corporation offers a full
slate of petrochemical products and intermediates covering all the major
segments of petrochemicals under the brand name PROPEL.
In Exploration & Production, IndianOil has
participating interest in 13 domestic and nine overseas blocks. Out of the 13
domestic blocks, IndianOil is operator with 100% participating interest in 2
onshore exploration blocks in Cambay basin. In the remaining 11 domestic blocks,
IndianOil holds a non-operating participating interest ranging between 20% to
43.5%. These blocks are located in seven countries, namely, Libya, Gabon,
Nigeria, Yemen, Venezuela, Canada and USA.
IndianOil entered natural gas marketing business in 2004.
Since then, by leveraging its inherent strengths and countrywide reach, the
Corporation has significantly enhanced its customer base and clocked total sales
of 3.40 MMT in 2014-15. As co-promoter of Petronet LNG Ltd. (PLL) for setting up
LNG (Liquefied Natural Gas) terminals at Dahej & Kochi, IndianOil has marketing
rights for 30% of the LNG procured by PLL. It is also in the process of sourcing
more quantities of LNG to meet the increasing domestic requirements and is
setting up a 5 MMTPA LNG import terminal at Ennore near Chennai.
Green Gas Ltd., IndianOil's joint venture with GAIL (India)
Ltd., is already operational in Agra and Lucknow. Furthermore, in consortium
with Gujarat Gas, 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. IndianOil has formed a consortium with M/s Adani Gas Ltd.
to develop city gas distribution networks on pan-India basis.
IndianOil is fervently working on broadening its energy basket with alternative energy options such as wind, solar, bio-fuels and nuclear power.
Wind power systems to the tune of 69.3 MW have been installed in States of Gujarat and Andhra Pradesh. A 5 MW grid-connected Solar Power Plant at Rawra, Rajasthan, is operational since 2012. Solar power systems of about 900 kW have also been installed at various IndianOil installations and offices across the country. Steps are underway to set up additional 200 MW of wind power and 60 MW of solar power systems.
A major initiative to solarise retail outlets has gained importance in reducing carbon emissions. About 2600 Retail Outlets in rural and urban areas have already been solarised. To reduce carbon soot generated by the use of kerosene lamp in households, over 1.4 lakh solar lanterns have been sold through the IndianOil retail network.
IndianOil has the largest captive plantation – covering 8000 hectares – for bio-fuel production in India in the States of Chhattisgarh, Madhya Pradesh and Uttar Pradesh. To straddle the complete bio-fuel value chain, IndianOil has formed two joint ventures, IndianOil CREDA Biofuels Ltd. and IndianOil Ruchi Biofuels LLP. Currently, the possibilities of ethanol production from lignocellulosic sources are being actively explored.
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 May 20, 2015