IndianOil is India’s flagship Maharatna national oil company with business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to Research & Development, Exploration & Production, marketing of natural gas and petrochemicals. By venturing into the Renewables and the Nuclear Energy, the company has grown and evolved itself from a pure petroleum refining and marketing company to a full-fledged energy company.

With a corporate vision to be the Energy of India, it is the largest commercial enterprise in the country in terms of sales revenue. With a turnover of Rs. 4,37,526 crore and profits of Rs. 5,273 crore for the year 2014-15, it is ranked 119th among the world's largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2015. IndianOil Group is the market leader in refining and marketing with a vast network of cross-country crude and product pipelines, and marketing network to serve customers across the length and breadth of the country. With about 34,000-strong workforce, IndianOil has been playing a significant role in meeting India’s energy demands for over five decades.

Having set up subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates, IndianOil is simultaneously scouting for new business opportunities in the energy markets of Asia and Africa.

Born out of the vision of achieving self-reliance in oil refining and marketing for the nation, IndianOil has the proud possession of the world’s oldest running refinery at Digboi with a luminous legacy of more than 110 years and also the upcoming Paradip refinery, which when commissioned would be one of the most modern and complex refineries.

IndianOil Group (including two refineries of its subsidiary company Chennai Petroleum Corporation Ltd. (CPCL)) owns and operates 10 of India’s 22 refineries. The group refining capacity of 65.7 million metric tonnes per annum (MMTPA) or 1.31 million barrels per day (mb/d) is the largest among refining companies in India. It accounts for 30.5% share of national refining capacity. On a stand-alone basis, the company owns and operates eight refineries with a capacity of 54.2 MMTPA (1.1 mb/d).

IndianOil reaches millions of people every day through an unmatched countrywide massive and ever-expanding infrastructure network to deliver Petroleum products. The network, comprising over 42,600 touch points as on 30.11.2014, was strengthened from 41,640 touches. Largest and most extensive network of retail outlets, numbering 24,403 (including 6,194 Kisan Seva Kendras), 136 depots and 6,376 consumer pumps for the convenience of large consumers, are some of the vital components of this network, ensuring availability of products and inventory at the doorstep of customers. The needs of domestic fuel (LPG) are fulfilled through 91 Bottling plants and 7,626 LPG distributors, serving over 86 million customers.

Continuing its thrust on reaching rural masses through Kisan Seva Kendras (KSKs) and LPG distributorships under Rajiv Gandhi Gramin LPG Vitaran Yojana (RGGLVY), IndianOil has continuously extended its reach to the rural India, with 6,194 KSKs and 1,867 RGGLVYs as on 31st November 2014. The KSKs and RGGLVs also represent a success story for IndianOil in its efforts towards inclusive development in the rural hinterlands of India. The facilities at KSKs inter-alia include availability of seeds, pesticides, fertilizers, provisions, farm equipment, medicines, Nutan stoves, banking help including rural ATMs, communication etc, and all under one roof.

IndianOil places significant thrust on knowledge and research based growth and has a dedicated world class R&D centre. The R&D centre has 320 active patents to its credit as on 30th November 2014, of which 173 are active international patents. In the context of vagaries of the international crude oil prices and changing domestic pricing regime, IndianOil R&D is viewed as a key competitive advantage driver. Investment in proprietary research in lubricants, catalyst, refinery and pipelines operations, and product offerings are key thrust areas for IndianOil. Research in new businesses, especially, petrochemicals and alternative energy is emerging a major focus area for IndianOil.

IndianOil has established itself as a key player in petrochemicals with good market acceptability and occupies the second largest player in the domestic petrochemical market. Under the umbrella brand PROPEL, it offers a full products slate covering all the major segments of petrochemicals Viz. Linear Alkyl Benzene (LAB), Purified Terephthalic Acid (PTA), Paraxylene (PX), Mono Ethylene Glycol (MEG) & other glycols (DEG & TEG), Butene-1, Butadiene, Polypropylene (PP), Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE) etc. IndianOil has a market share of 22% in LAB, 16% in Polymers and 16% in Glycols. The company has also taken a lead in expanding petrochemicals business globally with exports to 21 new countries during 2013-14 taking the total to 66 countries with IndianOil’s footprint.

The gas business of the Corporation is intent upon leveraging the sizeable opportunities being presented by the country’s growing demand for gas. The company also plans to exploit the increased international gas sourcing opportunities brought on by the international unconventional gas revolution. The company also operates a unique concept of supplying LNG to small customers located away from the pipelines through ‘LNG at the Doorstep’, which has been highly successful. IndianOil’s 5 MMTPA LNG import terminal at Ennore will be the first such terminal on the east coast and a gateway for the corporation to enter southern Indian gas market. This Terminal will be set up through a Joint Venture Company led by IndianOil. The Corporation is a partner in two joint ventures, namely, GSPL India Gasnet Ltd. And GSPL India Transco Ltd. with 26% equity participation for building of Mehsana-Bhatinda & Bhatinda- Jammu-Srinagar gas pipelines and Mallavaram-Bhopal-Bhilwara-Vijaypur gas pipeline, respectively.

IndianOil has been making continuous efforts to expand its E&P portfolio, both in domestic as well as overseas market. IndianOil presently has Participating Interest (PI) in 10 domestic and 7 overseas blocks. These blocks are in different stages of operations. Out of the 10 domestic blocks, IndianOil is operator with 100% PI in 2 onshore exploration blocks in Cambay basin. In the remaining 8 domestic blocks, it holds non-operating participating interest ranging from 20% to over 43%. Further, IndianOil holds non-operating participating interest ranging from 3.5% to 50% in the 7 overseas blocks located in 7 countries namely Libya, Gabon, Nigeria, Yemen, Venezuela, USA and Canada.

IndianOil’s foray into renewable energy is aimed not only towards diversification through inclusion of cleaner forms of energy in its portfolio but also for alleviating energy poverty and improving energy access at the 'base of the pyramid' in India. In its quest towards a greener world by offering sustainable and environment-friendly energy options, IndianOil is geared up to tap alternate energy sources such as wind, solar, hydrogen and bio-fuels. IndianOil aims to reduce the eco-footprints (carbon, water and waste) of its operations by exploiting these renewable energy resources.

With a view to expanding its cleaner energy portfolio, the company has set up a Joint Venture with NPCIL, namely, M/s NPCIL - IndianOil Nuclear Energy Corporation Limited (NINECL) for 2*700 MW Rajasthan Atomic Power Project 7&8 where IndianOil has 26% equity stake.

Updated on January 09, 2015
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