Information Manual

(A) Corporate Mission:

IndianOil nurtures the core values of Care, Innovation, Passion & Trust across the organization in order the deliver value to its stakeholders. Company setting high standards for ethics and value, people leading with passion to excel, Pioneering the Sprit of creativity and research, caring for the environment and community, harnessing frontier technology and Fostering relationships for life time.

(B) Business Operations :

Refineries

The group refining capacity is 80.75 million metric tonnes per annum (MMTPA, .i.e. 1.62 million barrels per day approx.). IndianOil is operating the oldest refinery of Asia in Digboi and the youngest & one of the most modern refineries of the country in Paradip. IndianOil refineries process all major indigenous crude oil plus over more than 100 types of imported crude oil, from which it produces more than 70 types of petroleum products, ranging from distillates, such as LPG, Naphtha and Motor Spirit, ATF and HSD, to heavy ends such as furnace oil, Marpol FO and Bitumen of different grades. The diverse configuration with petrochemical integration of refineries allows IndianOil refineries to produce petrochemicals such as LAB , PTA, Polypropylene, MEG & Sulphuric Acid and speciality products like LOBS and Wax. As a continuous effort towards improvement of product pattern, product quality, improvement of energy efficiency as well as to meet the dynamic environmental emission norms and to improve profit margin, IndianOil refineries have adopted most modern technologies in line with the latest worldwide developments in the field of petroleum refining and petrochemicals production. The flexibility of processing capability allows IndianOil to vary both its crude oil inputs and petroleum product outputs to achieve the company’s desired product mix. IndianOil refineries are fully equipped to meet the current environmental norms in relation to product specifications in the country and are being constantly modernized and upgraded to be able to meet all future environment regulatory requirements. IndianOil refineries are now supplying BS VI grade fuels to the country. IndianOil refineries at Gujarat & Haldia are also one of the first refineries to produce and make available IMO 2020 compliant 0.5% Sulphur Marpol Grade Furnace Oil. Also all the IOC refineries are now producing and make available XP100 & STORM superior grade MS having 100 RON.

Pipelines

Indian Oil Corporation owns and operates the largest network of crude oil and petroleum product pipelines in India. The total network of pipelines is 19,744 km with a capacity of 124.4 million metric tonnes per annum (for crude and product pipeline) and 48.73 million metric standard cubic meter per day (for gas pipeline). In FY-2022-23 Pipelines Division has achieved a throughput of 53.4 million metric tonnes for crude pipeline, 41.7 million metric tonnes for product pipeline and 3,077 million metric standard cubic meters for gas pipeline . The company’s pipelines are well positioned to supply petroleum products from its refineries and India’s ports to high demand states all over India.

Marketing

IndianOil accounts for about 42% petroleum products market share. The company reaches its products to every nook and corner of the country, directly to bulk customers and via a network of retail outlets and dealers/distributors to retail customers.

The company’s overall distribution network encompasses over 60 thousand customer touch points incorporating its own supply locations as well as retail outlets, consumer pumps, LPG distributors, etc., the substantial majority of which are governed by dealership agreements. Products are transported to the distribution points by pipeline, ocean tankers, rail tank wagons and road tank trucks.

Research And Development

IndianOil’s sprawling R&D Centre near the National Capital is one of Asia’s finest centre focused on downstream petroleum Research, Development and Deployment. Since inception in 1972, IndianOil R&D has been developing world-class technologies and innovative products in the areas of lubricants, grease, fuels, refining processes, petrochemicals, catalysts & additives, biotechnology, pipeline transportation, engine evaluation, tribiological & emission studies, etc. The Centre has developed & commercialized several refinery process technologies and catalysts especially suited to Indian conditions. The Centre’s research domains also include; Nanotechnology, green fuels such as biofuels, Hydrogen & Hydrogen-CNG, solar energy, energy storage devices, batteries and carbon capture & utilization. An impressive array of most advanced equipments is available to experienced researchers and scientists round-the-clock. Its campus has also been awarded with coveted IGBC Green Council Building Platinum certification.

Developing more than 7000 formulations over the years, it has successfully perfected the state-of-the-art lube formulation technology meeting latest national and international specifications with approvals from major original equipment manufacturers. IndianOil has 800 commercial grades of lubricants, under the brand name "SERVO", based on technology developed by its own R&D and is one among the six worldwide technology holders of marine oil technology. The vibrant and innovative research at the centre has led to many technological innovations, some of which have received prestigious national and international awards. INDMAX, OCTAMAX, AmyleMax®, indeDiesel®, INDICAT, INDEcoP2F, XtraFlo DRA etc., are a few of them. IndianOil R&D has also crossed the milestone of 1500+ patent filings in 2022-23.

To further expand its research & innovation footprint, IndianOil is setting up a new Technology Development & Deployment Centre (IOTDDC) which will transform the country’s energy landscape. Being built at an investment of nearly Rs. 3200 crore, the second R&D campus will house four Centres of Excellence (COE) covering Alternative & Renewable Energy, Nanotechnology, Synthetic Biology and Corrosion Research.

Business Development

Towards achieving the corporate vision to be ‘the Energy of India’ and becoming a more holistic energy solutions provider with a target of increasing its share in the Energy Basket from 9% presently to 12.5% by 2040, The group is implementing the strategies of the corporation. In ‘crafting a green future’, the business portfolio of sustainable and affordable energy solutions for tomorrow is being expanded, so also achieving operational Net Zero by 2046. In addition to vertical integration through investments in upstream business and petrochemicals along with diversification through growing presence in alternate energy such as natural gas, bio-energy and renewable energy, the focus is also on increasing international footprints of the Corporation.

• Exploration and Production

  To enhance upstream integration, IndianOil has been pursuing exploration & production activities both within and outside the country, solely or in collaboration with consortium partners.

  IndianOil has built a sizeable portfolio of oil & gas assets, with participating interest in 18 domestic and 11 overseas blocks. These overseas blocks are located across nine (9) countries. Apart from 8 producing assets, 6 assets are under development, 4 assets have discovery, 1 asset is under appraisal and 10 assets are under exploration. IndianOil is an Operator in two domestic and one overseas block.

• Petrochemicals

  IndianOil is the second largest player in the Indian Petrochemicals market. Its Petrochemicals product portfolio includes Polymers (LLDPE, HDPE & PP), Linear Alkyl Benzene (LAB), Purified Terephthalic Acid (PTA), Glycols (MEG, DEG, TEG) and Butadiene. IndianOil also manufactures Styrene Butadiene Rubber (SBR) in joint venture with Taiwan’s TSRC. The world-scale petrochemical plants are integrated with IndianOil’s Gujarat, Panipat and Paradip refineries and impart flexibility to plant operations. Plans are also afoot to double the company’s existing Petrochemicals capacity over next 4-5 years.

  IndianOil also operates two state-of-art Product Application & Development Centres (PADC), at its Panipat and Paradip locations to develop customer-oriented applications, conduct process optimizations and provide entrepreneurial support. PADCs develop new applications, formulations and import substituted grades that are in sync with market needs.

  As a responsible corporate, IndianOil launched ‘CYCLOPLAST’- a brand of recycled plastics, to achieve ‘Plastics Neutrality’ and as part of Green Initiatives launched sustainable Garments made from recycled PET bottles under the brand name “Unbottled”.

• Gas

  IndianOil has been actively contributing to the government's thrust on increasing the share of natural gas in India's primary energy mix to 15% by 2030. Apart from booked regasification capacities across the country, IndianOil commissioned a 5 MMTPA LNG import terminal at Ennore, Tamil Nadu and is also developing cross country Natural Gas pipelines on standalone basis and through its JVCs. IndianOil has been actively involved in operating, implementing, and developing city gas distribution networks (CGD) across India in 26 geographical areas (GAs) on standalone basis and in 23 geographical areas (GAs) with its two Joint Venture companies. IndianOil is also engaged in LNG delivery through road tankers to consumers not connected by gas pipeline.

• Alternate Energy & Sustainable Development (AE&SD)

  IndianOil’s Alternate Energy & Sustainable Development department has been at the forefront to make the company’s green energy portfolio rich and diverse. IndianOil’s renewable energy portfolio includes solar, wind with significant progress in the biofuel space. The AE&SD team is undertaking various projects and initiatives in Ethanol, Bio-Diesel, Compressed Bio Gas, (CBG), Organic Manure, and Waste to Energy. The group is also working towards setting up Sustainable Aviation Fuel (SAF) plant and other Biofuel projects, besides driving the Net Zero Agenda.

• New Business Group

  IndianOil's global footprint too is growing rapidly. In addition to established businesses in Sri Lanka, Mauritius and UAE, IndianOil now have offices in Nepal, Myanmar, Russia & Bangladesh as well. IndianOil is leveraging its strength in downstream marketing to explore new opportunities and meaningful collaborations through these overseas ventures as well as inorganic expansions.

• Explosive Group

  IndianOil is the pioneer and largest provider of Bulk Explosives and Blast-based Services in the country. A commitment to innovation and technology is driving differentiation in key mining sectors. With a truly pan country reach, presently, the business operates from 13 Bulk Explosives Plants catering to the demand of coal, iron ore and copper mines across the country.

As part of the activities, the scanning of Business environment, MoU performance and Capex spend of the corporation are also monitored by the Business Development (BD) Group.

(C) Functions & duties

Indian Oil Corporation Ltd. has been established to carry out the objectives specified in the Memorandum & Articles of Association of the Company. The main activities of IndianOil are refining, transporting and marketing of petroleum products

Vision

A major diversified, transnational, integrated energy company, with national leadership and a strong environment conscience, playing a national role in oil security & public distribution

Objectives

To serve the national interests in oil and related sectors in accordance and consistent with Government policies.

To ensure maintenance of continuous and smooth supplies of petroleum products by way of crude oil refining, transportation and marketing activities and to provide appropriate assistance to consumers to conserve and use petroleum products efficiently.

To enhance the country’s self-sufficiency in crude oil refining and build expertise in laying of crude oil and petroleum product pipelines.

To further enhance marketing infrastructure and reseller network for providing assured service to customers throughout the country.

To create a strong research & development base in refinery processes, product formulations, pipeline transportation and alternative fuels with a view to minimising/eliminating imports and to have next generation products.

To optimise utilisation of refining capacity and maximise distillate yield and gross refining margin.

To maximise utilisation of the existing facilities for improving efficiency and increasing productivity.

To minimise fuel consumption and hydrocarbon loss in refineries and stock loss in marketing operations to effect energy conservation.

To earn a reasonable rate of return on investment.

To avail of all viable opportunities, both national and global, arising out of the Government of India’s policy of liberalisation and reforms.

To achieve higher growth through mergers, acquisitions, integration and diversification by harnessing new business opportunities in oil exploration & production, petrochemicals, natural gas and downstream opportunities overseas.

To inculcate strong ‘core values’ among the employees and continuously update skill sets for full exploitation of the new business opportunities.

To develop operational synergies with subsidiaries and joint ventures and continuously engage across the hydrocarbon value chain for the benefit of society at large.

Obligations

To provide prompt, courteous and efficient service and quality products at competitive prices

Towards suppliers

To ensure prompt dealings with integrity, impartiality and courtesy and help promote ancillary industries.

Towards employees

To develop their capabilities and facilitate their advancement through appropriate training and career planning.

To have fair dealings with recognised representatives of employees in pursuance of healthy industrial relations practices and sound personnel policies.

Towards community

To develop techno-economically viable and environment-friendly products.

To maintain the highest standards in respect of safety, environment protection and occupational health at all production units.

Towards Defence Services

To maintain adequate supplies to Defence and other para-military services during normal as well as emergency situations.

Financial Objectives

To ensure adequate return on the capital employed and maintain a reasonable annual dividend on equity capital.

To ensure maximum economy in expenditure.

To manage and operate all facilities in an efficient manner so as to generate adequate internal resources to meet revenue cost and requirements for project investment, without budgetary support.

To develop long-term corporate plans to provide for adequate growth of the Corporation’s business.

To reduce the cost of production of petroleum products by means of systematic cost control measures and thereby sustain market leadership through cost-competitiveness.

To complete all planned projects within the scheduled time and approved cost.