IndianOil or Indian Oil Corporation Limited (IOCL) is the largest government owned oil and gas company in India. The company is owned and controlled by the Government of India via the Ministry of Petroleum and Natural Gas. IndianOil is a key part of the energy security of India, as it has operations at the refining, pipelines as well as the marketing and petrochemicals of the whole hydrocarbon value chain. Having decades of experience and an expansive presence in the country, IndianOil still defines the fuel and energy ecosystem of the country.
Indian Oil Corporation – Quick Overview
| Particular | Details |
| Company Name | Indian Oil Corporation Limited |
| Brand Name | IndianOil |
| Type | Public Sector Undertaking (PSU) |
| Founded | 1959 |
| Owner | Government of India |
| Head Office | New Delhi, India |
| Registered Office | Mumbai, Maharashtra |
| Chairman | Shrikant Madhav Vaidya |
| Sector | Oil & Gas |
| Regulator | Ministry of Petroleum and Natural Gas |
| Refineries | 11 refineries |
| Refining Capacity | ~80.55 MMTPA |
| Employees | 30,000+ |
| Official Website | iocl.com |
Net Worth and Market Cap
Indian oil corporation has a good financial status because of its size, infrastructure and strong market share. According to recent estimates, the market capitalization of IOCL is approximately ₹1.1 lakh crore. The firm has remained one of the most valued state run businesses in India. IndianOil is a key to the energy economy of India as reflected by its net worth of huge payments in refineries, pipelines, marketing facilities, and reserve of strategies.
Corporate Leadership
Indian Oil Corporation is a company that runs under the management of experienced heads with a good control of the government. Shrikant Madhav Vaidya is the Chairman of IndianOil and also leads the strategy of the company on long term basis and expansion plans. The leadership is concerned about operational efficiency, energy transition, renewable programs, and global partnerships based on maintaining the stability of basic operations that are oil-based and gas-based.
Overview of Services
IndianOil provides a variety of services and products throughout the energy value chain. The company processes crude oil, offers one of the main pipeline networks offered in India, and sells fuels on the national market. It provides petrol, diesel, LPG, aviation fuel, lubricants, under the brand name Servo, petrochemicals and natural gas.
IndianOil engages in clean energy and mobility solutions in the future as well. The corporation promotes electric car charging systems, biofuels, hydrogen power and renewable initiatives. IndianOil has its subsidiary presence in Sri Lanka, Mauritius, Middle East, Europe and the United States.
Scale of Operations
The scale of Indian Oil Corporation is unmatched in India. The company owns and runs 11 out of India’s 23 refineries and manages over 13,000 km of pipelines. IndianOil dominates the Indian petroleum products and has thousands of fuel outlets and serves millions of customers on a daily basis. IndianOil with its head office in New Delhi keeps expanding the energy industry of India and adjusts to the changes in energy worldwide.
