Interview of Director (Finance), Indian Oil Corporation
New Delhi   21-Aug-2018

As a CFO of Indian Oil Corporation, what are your top three strategic priorities?

Our biggest strategic priority would be sustaining leadership in core business verticals. In the deregulated market scenario, where domestic and foreign players are jostling to garner a bigger share of the market, it would be necessary to remain ahead of the competition. This would call for capacity expansion of existing refineries, increasing pipeline networks and augmenting marketing touch points with appropriate products/service differentiators.

The second priority would be to further entrench our integration and diversification drive along with furthering the global reach to have a natural hedge against our core business of refining and marketing. Petrochemicals would be an important growth area, raising equity oil and gas production from international and domestic assets through future acquisitions as a part of diversification of business risk, will also from part of integration drive. In future the demand for cleaner fuels will be the hallmark for a cleaner environment, wherein investing across the gas value chain will kick-start a new phase of growth.

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