Indian Oil Corporation (IndianOil) is India’s largest commercial enterprise, with a sales turnover of Rs. 4,38,710 crore ($65,391 million) and profits of Rs. 19,106 crore ($2,848 million) for the year 2016-17. The improvement in operational and financial performance for FY 2016-17 reflected in the market capitalization of the Company, which grew two-fold, from Rs. 95,564 crore as on 31st March 2016 to Rs. 1,87,802 crore as on 31st March 2017. In view of its rising share price and market capitalisation, IndianOil was included in the Nifty50 index (NSE benchmark index of 50 best performing corporates). IndianOil is ranked 168th among the world’s largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2017.
As India’s flagship national oil company, with a 33,000-strong work-force currently, Indian Oil has been meeting India’s energy demands for over half a century. With a corporate vision to be ‘The Energy of India’ and to become ‘A globally admired company,’ Indian Oil’s business interests straddle 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 globalization of downstream operations.
IndianOil accounts for nearly half of India’s petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity. The IndianOil Group owns and operates 11 of India’s 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tonnes per annum).
he Corporation’s cross-country pipelines network, for transportation of crude oil to refineries and finished products to high-demand centers, spans about 12,848 km. With a throughput capacity of 93.7 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner.