INDIAN OIL CORPORATION

Indian Oil Corporation Ltd. is India's largest company by sales with a turnover of Rs.271,074 crore and profit of Rs. 10,221 crore for the year 2009-10. Indian Oil is the highest ranked Indian company in the latest Fortune Global 500listings, ranked at the 125th position. Indian Oil's vision is driven by a group of dynamic leaders who have made it a name to reckon with. In this section, read about Indian Oils business and its spread across the country &abroad. You can also know about Indian Oil's current financial performance, special initiatives and recognitions & awards that have come its way.

COMPANY OVERVIEW Indian oil is Indias flagship national oil company with business interests straddling 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. It is the leading Indian corporate in the Fortune 'Global 500' listing, ranked at the 125th position in the year 2010.With over 34,000-strong workforce, Indian Oil has been helping to meet Indias energy demands for over half a century. With a corporate vision to be the Energy of India, Indian Oil closed the year 2009-10 with a sales turnover of Rs. 271,074 crore and profits of Rs. 10,221 crore. At Indian Oil, the operations are strategically structured along business verticals Refineries, Pipelines, Marketing, R&D Centre and Business Development E&P, Petrochemicals and Natural Gas. To achieve the next level of growth, Indian Oil is currently forging ahead on a well laid-out roadmap through vertical integration upstream into oil exploration & production(E&P) and downstream into petrochemicals and diversification into natural gas marketing and alternative energy, besides globalization of its downstream operations. Having set up subsidiaries in Sri Lanka, Mauriti us and the United Arab Emirates (UAE), IndianOil is simultaneously scouting for new business opportunities in the energy markets of Asia and Africa. With facilities at multiple locations and ever-expanding market opportunities, Indian Oil is poised to become an integrated energy company with steady forays into Oil Exploration & Production, Petrochemicals and Renewable Energy.

Companys Vision & Mission

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

Mission To achieve international standards of excellence in all aspects of energy and diversified business with focus on customer delight through value of products and services, and cost reduction. To maximize creation of wealth, value and satisfaction for the stakeholders. To attain leadership in developing, adopting and assimilating state -of-the-art technology for competitive advantage. To provide technology and services through sustained Research and Development. To foster a culture of participation and innovation for employee growth and contribution. To cultivate high standards of business ethics and Total Quality Management for a strong corporate identity and brand equity. To help enrich the quality of life of the community and preserve e c o l o g i c a l b a l a n c e a n d heritage through a strong environment conscience.

REACH AND NETWORK

Indian Oil and its subsidiary (CPCL) account for over 48% petroleum products market share, 34% national refining capacity and 71% downstream sector pipelines capacity in India. With a steady aim of maintaining its position as a market leader and providing best quality products and services, Indian Oil is currently investing Rs. 47,000crore in a host of projects for augmentation of refining and pipelines capacities, expansion of marketing infrastructure and product quality upgradation. The Indian Oil Group of companies owns and operates 10 of India's 20refineries with a combined refining capacity of 62.7 million metric tonnes per annum (MMTPA, .i.e. 1.25 million barrels per day). Indian Oils cross-country network of crude oil and product pipelines, spanning 10,899 km and the largest in the country, meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. It has a portfolio of powerful and much-loved energy brands that includes Indane LPGas, SERVO lubricants, Xtra Premium petrol, XtraMilediesel,etc. Validating the trust of 56.8 million households, Indane has earned the coveted status of Superbrand in the year 2009. IndianOil has a keen customer focus and a formidable network of customer touch-points dotting the landscape across urban and rural India. It has18,643 petrol and diesel stations, including 2,947 Kisan Seva Kendras(KSKs) in the rural markets. With a country wide network of 35,600 sales points, backed for supplies by 140 bulk storage terminals and depots, 98aviation fuel stations and 88 LPG asbottling plants, Indian Oil services every nook and corner of the country. Indane is present in almost 2764 markets through a network of 5095distributors. About 7,593 bulk consumer pumps are also in operation for the convenience of large consumers, ensuring products and inventory at their doorstep. Indian Oils ISO-9002 certified Aviation Service commands an enviable 63%market share in aviation fuel business, successfully servicing the demands of domestic and international flag carriers, private airlines and the Indian Defence Services. The Corporation also enjoys a 65% share of the bulk consumer, industrial, agricultural and marine sectors. Innovation is key :- Indian Oil has a sprawling world-class R&D Centre that is perhaps Asia's finest. It conducts pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels, and is also the nodal agency of the Indian hydrocarbon sector for ushering in Hydrogen fuel economy in the country. The Centre holds 215 active patents, including 109 international patents. Some of the in-house technologies and catalysts developed by Indian Oil are the INDMAX technology (for maximizing LPG as yield), OlivorusS bioremediation technology (extended to marine applications too), DHDScatalyst, a special Indicate catalyst for Bharat Stage-IV compliant Diesel, IndVicatalyst for improved distillate yield and FCC throughput, and adsorbent based deep de sulphurization process for gasoline and diesel streams.

In Petrochemicals, Indian Oil is investing Rs. 20,000 crore (US$ 4billion) by the year 2011-12. It offers a full slate of products including Linear Alkyl Benzene (LAB), PurifiedTerephthallic Acid (PTA), and an extensive range of polymers. IndianOilholds a significant market share of LABin India and exports to 19 countries. A state-of-the-art 120,000 tonnes per annum Styrene Butadiene Rubber (SBR) unit is underway at Panipat. The SBR unit will further strengthen Indian Oils presence in the speciality petrochemicals sector.

In Exploration & Production, Indian Oils domestic portfolio includes nine oil &gas blocks and two Coal Bed Methane blocks. The overseas portfolio includes nine blocks spread across Libya, Iran, Gabon, Nigeria, Timor-Leste and Yemen. Exploration activities are at various stages of progress. In addition, as part of consortium, Indian Oil has been awarded Project -1 in the Carabobo heavy oil region of Venezuela. To boost E&P activities, Indian Oil has incorporated Ind-OIL Overseas Ltd. a special purpose vehicle for acquisition of overseas E&Passets in consortium with Oil India Ltd.

Natural Gas marketing is another thrust area for Indian Oil with special focus on City Gas Distribution (CGD) business. The Corporation has entered into franchise agreements with several CGD players to market Compressed Natural Gas through its retail outlets. Indian Oils joint venture with GAIL India Ltd. - Green Gas Ltd. has been authorized to take up city gas distribution at Agra. A long term gas supply agreement has been signed with NTPC. Indian Oil has signed an MoU with Tamil Nadu Industrial Development Corporation Ltd. (TIDCO) to set up a 2.5 million tonnes per annum LNG import and re-gasification terminal & gas-based power plants at Ennore, and gas pipelines for distribution in the state of Tamil Nadu, at an estimated investment of around Rs.10,000 Crore. Venturing into alternative fuels Indian OiI has forayed into alternative energy options such as wind, solar, bio-fuels and nuclear power. A 21 MW wind power project is operational in the Kutch district of Gujarat and the cumulative power generation from the14 wind turbine generators has crossed 6.6 crore units (KW/Hr) since commissioning in January 2009. The solar power initiative is being spear headed on a pilot basis in Orissa, Karnataka and the Northeast and an all-India phased roll out is underway. Solar products such as solar lanterns and torches are being sold through the Retail Outlets in rural and urban areas. With a view to investing in the nuclear energy sector in the country, Indian Oil has entered into an agreement with the Nuclear Power Corporation of India Ltd.

Products
Indian Oil's product range covers petrol, diesel, LPG, auto LPG, aviation turbine fuel, lubricants, naphtha, bitumen, paraffin, kerosene etc. Xtra Premium petrol, Xtra Mile diesel, Servo lubricants, Indane LPG cooking gas, Autogas LPG, Indian Oil Aviation are some of its prominent brands. Recently Indian Oil has also introduced a new business line of supplying LNG (liquefied natural gas) by cryogenic transportation. This is called "LNG at Doorstep".