INDIAN OIL CORPORATION

A STUDY

ENVIRONMENTAL MANAGEMENT
SACHIN M(41), HARIKRISHNAN(23),FOUSYA SHUKKUR(21) | S1MBA | November 20, 2017
SUBMITTED TO
HARIKRISHNAN R
Assistant Prof IMT PUNNAPRA
(GROUP NO:15)
g

Content

1. Introduction………………………………………………….. 2-3
2. Company details……………………………………………. 4-8
3. IOC and society……………………………………………... 9
4. Major problems facing today…………………………. 10
5. IOC’s various initiatives…………………………………. 10-24
6. Findings…………………………………………………………. 26-27
7. Suggestions……………………………………………………. 28
8. Conclusion…………………………………………………….. 29
9. Bibliography………………………………………………….. 30

PAGE 1
 INTRODUCTION

Environment constitutes everything we see. We live in the environment and

use the environmental resources like air, land and water to meet our needs.
Development means meeting the needs of everyone. While meeting the ever-
growing needs, we put pressure on the environment. When the pressure exceeds
the carrying capacity of the environment to repair or replace itself, it creates a
serious problem of environmental degradation. If we use any environmental
resource such as ground water beyond its limit of replacement, we may lose it
forever. Therefore, there is a need to create ‘awareness’ about Environmental
protection. While efforts are being made at the national and international level to
protect our environment, it is also the responsibility of every citizen to use our
environmental resources with care and protect them from degradation. But due to
industrialization and intervention of corporates, the world has become a busy
place to live in because of the environmental hazards they are making. So it is
important to every corporate or company to contribute a fair share to our
environment and to the welfare of mankind.

Environment constitutes a very important part of our life. To understand life

without studying the impact of environment is simply impossible. We use
environmental resources in our day to day life. These resources are renewable and
non-renewable. We have to be more vigilant in consuming non-renewable resources
like coal and petroleum, which are prone to depletion. All human activities have an
impact on environment. But in the last two centuries or so, the human influence on
environment has increased manifold due to the rapid population. growth and the
fast development in science and technology. These two are the major factors in
reducing the quality of environment and causing its degradation. The
environmental degradation poses a great danger to man's own survival. It should be
realized, sooner than later, that conservation and improvement of the environment
are vital for the survival, and wellbeing of mankind. Natural resources of land, air
and water have to be used wisely as a trust to ensure a healthy environment for the
present and future generations.

PAGE 2
The major problem our environment is facing today is the not only the exhaustive
use of resource but the pollution arising from it. Our earth is filling up with mega
tones of wastes every day. The activities of humans are destroying our very own
planet’s greenery. The government is taking initiatives to collect wastes, what they
are doing is dumping it in a place with less human inhabitance. No specific
measures are being taking to properly destroy them. Clearly a lack of planning.
Look at the Delhi issue, a clear case of lack of planning. Today our very own capital
city has become a gas chamber, a dirt bag. People are struggling to live there. Most
of them already fell in to chronic lung/breathing disorders. Today Delhi tomorrow
the entire country. So a sustainable waste management is necessary. Our task is to
choose a corporate company and check whether they follow the methodologies as
the law enforces and their commitment to this society. Our group choose Indian
Oil Corporation Ltd. We conducted a brief study (theoretical) on IOC and found
some interesting factors. Through this report we would like to present it before the
authority(UN).

PAGE 3
 About IOC

Indian Oil Corporation (IOC), India’s flagship national oil company and
downstream petroleum major, was incorporated on June 30, 1959 as Indian Oil
Company. The company was renamed as Indian Oil Corporation on September 1,
1964 following the merger of Indian Refineries (established 1958) with it

Indian Oil Corporation Limited (IOC or 'the company') is engaged in refining of

petroleum, transportation
of crude oil and petroleum products through pipelines, marketing of petroleum
products, and research
and development activities. Its products include crude oil, bitumen, liquefied
petroleum gas (LPG),
gasoline, petrol, diesel, jet fuel, kerosene, furnace oil and light diesel oil. The
company’s segments
include Petroleum Products, Petrochemicals, and Other Businesses. The company
primarily operates in
India and has presence in Sri Lanka, Mauritius, the UAE, Sweden, USA and The
Netherlands. It is
headquartered in New Delhi, India. The company is headquartered in Mumbai
with an annual with Revenue (USD Mn) 55,579.9. The company reported
revenues of (Rupee) INR3,559,266.2 million for the fiscal year ended March 2016
(FY2016), a decrease of 20.8% over FY2015. In FY2016, the company’s operating
margin was 5.7%, compared to an operating margin of 1.9% in FY2015. In FY2016,
the company recorded a net margin of 3.2%, compared to a net margin of 1.1% in
FY2015.

Indian Oil Corporation Limited (IOC or 'the company') is one of India's largest oil
companies. IOC along
with its subsidiaries accounts for nearly half of petroleum products market share,
35% national refining
capacity, and 71% downstream sector pipelines capacity, in India. The company
has its upstream
presence along with other consortium/joint venture (JV) partners at seven
international locations in the
US, Libya, Gabon, Nigeria, Yemen, Canada, and Venezuela. In addition, the
company also undertakes
overseas business activities through its subsidiaries at Mauritius, Sri Lanka, UAE,
Sweden, the US, and
Netherlands. During FY2016, IOC sold a total of 80.7 million tons of products,
including 72.7 million tons of petroleum products, 1.9 million of gas products, 2.4

PAGE 4
million tons of petrochemicals, and 0.1 million tons of explosives as well as 3.6
million tons of exports. IOC operates through three business segments: Petroleum
Products, Petrochemicals, and Other Businesses. (line, 2016)

KEY EMPLOYEE

Ashok Chairman
A K Sharma Director- Finance
Varghese Cheriyan Director- Human Resource
Balwinder singh Director- Marketing
Anish Agarwal Director - Pipelines
G K Sathish Director planning and Business
development
Sanjiv Singh Director-refineries
Ramakumar Director- research and development
Ashuthosh Jindal Government nominee
Ajay p Sawhney Government nominee

SWOT ANALYSIS

Indian Oil Corporation Limited (IOC or 'the company') is engaged in refining of

petroleum, pipelines
transportation of crude oil and petroleum products, marketing of petroleum
products, and research and
development activities. The company is one of India's largest oil companies. IOC
accounts for nearly half
of petroleum products market share, 31% national refining capacity, and 71%
downstream sector
pipelines capacity, in India. The company's leading market position gives it a
competitive edge with a
strong brand image. However, increasing competition could create hindrances for
the company in
securing sites for its new gas stations, which in turn could impact the company's
expansion plans. (line, 2016)

PAGE 5
 Strength

Robust Downstream Asset Infrastructure

Extensive Research and Development Capabilities
Strong Market Position

Weakness

Low Safety Measures

Weak Upstream Operations

Opportunity

Commissioning of
New Refineries
Expansion into
Alternate Energy
Options
Rising Demand for
Oil and Gas in
India

Threat

Operational Hazards
Weakening of Rupee

IOC’S VISION

PAGE 6
PAGE 7
Awards/ Achievements

2010
Master Brand Award 2010 for SERVO
IndianOil wins Retail Excellence Award for 4th consecutive year
IndianOil wins Oil & Gas manufacturing Supply Chain Excellence Award
2011
IndianOil wins India Pride Award
IndianOil wins Asian Leadership Award
IndianOil wins Customer & Brand Loyalty Award
IndianOil wins National Award for Innovative Training Practices
2012
IndianOil bags award at South–East CEO Conclave & Awards 2012
IndianOil wins prestigious Hart Energy Award
IndianOil wins SCOPE Excellence Award 2009–10
2013
Vijayawada BP bags National Safety Awards
Mangalore Terminal bags National Safety Council (Karnataka Chapter) Award 2013
IndianOil’s solar LED lamp wins CII – National Innovative Product Award
IndianOil's Bongaigaon Refinery conferred ‘Oil & Safety Award 2011–12’
IndianOil bags Liquid Storage (Bunker) Company of the Year award
IndianOil receives four PetroFed Awards of Excellence
IndianOil wins EDGE Award 2012
(profit, n.d.)

PAGE 8
 IOC AND SOCIETY

As per traditional theories and methods, the sole objective of a corporation was
to maximise shareholders profit. But now despite that the corporations are
involving in various socio-economical activities. The role of the corporation in
society can be a function as a result it evolves over time. Corporations are not a
homogeneous group as it is assumed by profit maximization theories. Not all
corporations have the same role in society. Increasing corporate engagement on
environmental and social goals has redefined the relation between business and
society. It remains to be seen whether this trend will continue. It is pro vital for
every corporation now to do their part to the society and environment. It is not
only for their publicity but for the future of mankind.
As a pioneer in the corporate market, the ioc also responsible for the wellbeing
of the society. So the company itself have come forwards with various activities
including CSR’s. so we are listing below the various activities Indian Oil
Corporation ltd committed to the society.

1. Environmental Degradation

Environmental degradation is the disintegration of the environment sue to

various activities like over exploitation of the environment and resources. This
includes pollution of air, water, land etc. Degradation is created by the
consolidation of an effectively substantial and expanding human population,
constantly expanding monetary development or per capita fortune and the
application of asset exhausting and polluting technology. Major reasons are

PAGE 9
 • Land disturbance
• Over population
• Land fillings
• Deforestation
• Natural causes

Major effects of environmental degradation include

• Loss of diversity
• Ozone depletion
• Major impact on human health
• Loss of ecosystem
• Climate change etc..

As a committed to the society Indian oil corporation follows a green agenda for
sustainability to our environment and showing a better path to the world.

IOC’S Green Agenda

As an active partner of the Global Compact Programme of the United Nations,

Indian Oil is fully Focused on “sustainable development.” As a dominant player,
the Corporation recognizes protection of environment as a core commitment of its
business.
As part of this commitment, all operating units and installations of Indian Oil
have a comprehensive safety, health & environment management system in place.
The facilities are periodically reviewed and upgraded from time to better
performance.

• All refineries are complied with prescribed environmental standards and

state of the art treatment technologies.
• Environmental management system of all IOC refineries and pipe lines
follows ISO-14001 standards

PAGE 10
 • All Indian Oil refineries are accredited for Occupational Health & Safety
Assessment Series (OHSAS-18001). All refineries are also rated under
International Safety Rating System (ISRS). Panipat and Gujarat Refineries are
rated “Level 9” in the scale of 1 to 10.
• Indian Oil refineries have adopted various measures for control of gaseous
emissions. These include use of low- Sulphur fuel oil, de sulphurisation of
refinery fuel gas, tall stacks for better dispersion of flue gases, advanced
process control systems; and energy conservation measures to reduce fuel
consumption.
• The sulphur dioxide emissions at IndianOil Refineries are well below the
limits prescribed by the Ministry of Environment & Forests and State
Pollution Control Boards. Ambient air monitoring stations with automatic
continuous monitoring instruments are provided at all the refineries. In
particular, Mathura Refinery has set up three ambient air quality-monitoring
stations between the refinery and the city of Agra and a fourth one at
Bharatpur. Utmost care is taken to minimise the impact of refinery
operations on the air quality of the surrounding areas so that the ambient air
quality remains within the stipulated limits prescribed for sensitive areas.
(IOC, n.d.)

Other initiatives include

• 0.5% sulphur diesel was introduced and 0.25% sulphur diesel was introduced
in the TAJ area
• Unleaded Motor Sprit (petrol or Gasoline) was made available all over the
country since February 1, 2000

2. CLIMATIC CHANGE

Greenhouse gases and other major toxic gases harmful to the environment
polluting the atmosphere day by day. The co2, methane, nitrous oxide etc is acting
as a cover that prevents heat from escaping the earth atmosphere there by
increasing heat. This causes global warming. This increased temperature melts

PAGE 11
polar ice caps and increase sea level. A greater threat to the mankind in the near
future.

IOC the nation's largest fuel retailer, has renewed its focus on green energy and
sustainability initiatives, having firmed up a mega clean energy drive that includes
plans to invest Rs 1,820 crore in setting up green energy generation capacity,
pushing bio-fuel blending in petroleum products and adopting measures to cut
down its carbon footprint.

According to another senior company executive, the proposal to set up 261

megawatt (Mw) of green power capacity with an investment of Rs 1,820 crore
phased over the next five years forms a major part of the long-term plan. The
company currently operates two wind-power projects including a 21-Mw plant at
Kutch in Gujarat and another 48-Mw project at Vajrakarur and Gandikota in
Andhra Pradesh. At the end of August, the cumulative generation from the projects
stood at 569 gigawatt hours (GWh). This corresponds to emission reduction to the
extent of 455,000 tonnes of carbon dioxide. The overall aim is to reduce the carbon
footprint by 18 per cent through energy conservation, energy efficiency, renewable
energy and tree plantations by 2019-20, with 2012-13 as the base year (Standards,
n.d.)

PAGE 12
Some other initiatives

In recent times, there has been a marked shift from use of conventional fossil fuels
to new and renewable sources of energy that are cleaner, safer and inexhaustible.
Against the backdrop of a widening gap between supply and demand, it becomes
imperative to diversify energy sources and explore alternative ways to meet the
country’s energy need and sustain economic growth. Growing environmental
concerns also pose a serious challenge for energy companies, underlying the
urgency to usher in cleaner and sustainable energy resources. In the country’s
pursuit of alternative sources of energy, IndianOil is focussing on CNG (compressed
natural gas), Autogas (LPG), ethanol blended petrol, bio-diesel, and Hydrogen
energy.

CNG

CNG is being marketed from select IndianOil outlets in Mumbai and Delhi as a
franchisee of Mahanagar Gas Ltd., Mumbai, and Indraprastha Gas. Ltd., Delhi,
respectively. As on date, CNG is available at 13 IndianOil outlets each in Mumbai
and Delhi. As demand picks up, IndianOil will set up additional outlets.

LPG

Autogas (LPG) as a clean-burning fuel is now available from 77 IndianOil outlets

covering 21 cities across the country. IndianOil plans to achieve a target of 200
Autogas dispensing stations covering 62 cities by March 2007.

Ethanol-blended petrol

In the year 2003, a new eco-friendly fuel popularly called “Gasohol” was launched.
This fuel combines petrol with 5% ethanol obtained from the sugarcane molasses
available throughout the country. IndianOil’s R&D centre has established a
feasibility of ethanol blending up to 10%, which is now gaining acceptance of

PAGE 13
vehicle manufacturers. India has also signed a MOU with Brazil in April 2002 for
transfer of technology in blending ethanol with petrol and diesel at higher
properties.

Doping of ethanol with petrol supplies extra oxygen for complete combustion,
which reduces carbon monoxide levels in auto emission and therefore, it is
considered more environment friendly as it lessens air pollution. For now, its
biggest advantage is for the macro economy. When fully implemented all over the
country, the programme can provide tangible benefits to our economy on the
energy front.

Based on successful completion of the pilot project initiated by the Ministry of

Petroleum & Natural Gas, Government of India and studies conducted by
IndianOil R&D, supply of 5% ethanol-blended petrol has been initiated in 10
States and three Union Territories in the first phase, and will be further extended
to all parts of the country subsequently.

Biodiesel

Biodiesel is an alternative fuel, having diesel like properties, synthesised by a

simple chemical reaction of alcohols with vegetable oils. It is commonly made
from edible oils like soyabean, rapeseed and palm oil in the world. However, non-
edible tree borne oil seeds of Jatropha and Karanjia are material of choice for
India. These trees are energy fixing, fast-growing and yield appreciable quantity of
seeds.

IndianOil R&D has perfected a process to produce biodiesel from various non-
edible oils, especially from Jatropha and Karanjia. The biodiesel produced has
been tested for its properties and meets the stringent international standards.
Extensive field trials have been conducted using 5 and 10% bio-diesel blends in
collaboration with Indian Railways, Haryana Roadways, TATA, etc.

The R&D Centre is now taking a number of initiatives for promotion of biodiesel

PAGE 14
in the country. A state-of-the art quality control laboratory has been set up to
check the quality of biodiesel, as per ASTM/BIS specifications. IndianOil has
entered into an MOU with Indian Railways for plantation of Jatropha on railway
land. It is also setting up 10 biodiesel procurement centres. A reduction of 10 to
15% in smoke density has been observed with the use of biodiesel blends.

Hydrogen Energy

Hydrogen holds the potential to provide a clean and reliable source of energy that
can be used in a wide range of applications, including the transport sector. Besides
ensuring energy security to the nation, the environmental benefits of using
Hydrogen in a fuel cell vehicle could be significant.

IndianOil’s R&D Centre is the nodal agency of the hydrocarbon sector for ushering
in Hydrogen energy use in the country. As a part of its roadmap for a Hydrogen-
fuelled economy, IndianOil recently commissioned India’s first Hydrogen-CNG
fuel dispensing station at its R&D Centre at Faridabad. The pilot station provides a
hands-on experience with on-site Hydrogen production, storage, distribution and
supply. In due course of time, IndianOil, in coordination with vehicle
manufacturers, will take up lab scale development of H-CNG engines. Some of the
other projects identified include development of Hydrogen-powered three-wheeler
and bus engines in association with SIAM (Society of Indian Automobile
Manufacturers), conversion of CNG three-wheelers and buses to H-CNG mixture
and development of Hydrogen conversion kits for portable gensets. (IOC, n.d.)

3. WASTE MANAGEMENT & RECYCLING

When it comes to the waste disposal of the refuse from your residence or
business, the management of how it is performed has a substantial impact on the
environment. The view of why waste management is important has changed over
the years to the point where it is now viewed in terms of its impact and even

PAGE 15
benefits to the environment. For decades, waste management was the simple
disposal of waste materials to landfills or other designated sites. While much of
the change in how waste disposal is viewed has been impacted by a growing
consciousness of a healthy environment, there has also been a shift in how waste
materials are viewed by residents, businesses and the government. As a
petrochemical industry there is substantial chances of the production of
numerous toxic material which are harmful to the environment. So suitable steps
should be taken to counter the over accumulation of such wastes. The Indian Oil
Corporation is committed to take part in environmental harmony.

Use of water and quality of effluent discharged are carefully monitored. The
refineries are equipped with a network of underground sewers for segregated
collection of various wastewater streams, which are subjected to precise
treatment in well-designed effluent treatment (ETP) facilities involving physical,
chemical and biological processes.

State of art equipment have been provided in the ETPs like Tilted Plate
Interceptor (TPI), Dissolved Air Floatation (DAF), Bio-tower, activated sludge
basins, dual media filters for treating oily wastewater and hydrogen peroxide / wet
air oxidation treatment for spent caustic streams etc. These treatment facilities
are backed by sophisticated instrumentation and real time monitoring systems for
close and precise monitoring. In Marketing and Pipeline locations, effluent water
is routed through oil water separator.

PAGE 16
Water Conservation & Recycling

• Treated effluent streams are reused / recycled for various purposes in

refineries like make-up for fire water, cooling tower, coke cutting in Delayed
Cokers, etc.
• Sour water generated in various units is stripped of contaminants such as
ammonia and H2S and recycled in de-salters besides using it for process
flushing requirements.
• Advanced treatment systems like Ultra Filtration, Reverse Osmosis etc. are
used to convert treated effluent to de-mineralised water or for use in cooling
towers as make-up water.
• Rainwater harvesting structures have been put up in all refinery townships,
Marketing and Pipeline installations and R&D Centre for recharging
groundwater.

All these steps have led to 80-95% wastewater being reused in our refineries, which
has resulted in substantial reduction in fresh water consumption. (IOC, n.d.)

PAGE 17
The company also involved in air pollution control techniques like..

• Use of tall stacks

• Use of low sulphur fuel oil/ sweet natural gas/ desulphurised refinery gas in
boilers and heaters to minimize SO2 emission.
• Use of NOx burners
• Hydrogen Sulphide generated during desulphurisation of refinery gas is
converted to elemental sulphur in Sulphur Recovery Units.
• Use of floating roof tanks for crude and other light product services &
Mechanical seals in pumps for minimizing fugitive emission of
hydrocarbons.
• Continuous reduction in fuel consumption by ENCON measures, heat
integration and increased use of hot feed in downstream processing units.
•

PAGE 18
Solid waste management plants are also implemented by the company. Wastes like
oily chemical sludge generated as the bi product of the refining. Sludge generated
from storage tanks during refinery turnarounds or from the basins & storage tanks
of our effluent treatment facilities are mechanically handled. Melting pits with
skimming pumps, sophisticated hydro cyclones, centrifuges etc. are employed for
de-oiling the sludge

According to E-waste management handling rule 2011 Indian Oil ensures that e-
waste is disposed by way of buyback against new procurements or through
government approved trading agency M/s Metal Scrap Trade Corporation

Indian oils Environment &Ecological protection

Indian oil regards environmental conservation and protections programs. Eco

friendly green belts and large scale of tree plantation activities are installed in the
facilities. Scientifically built green belts provides a dip in air pollution rates. Over
18 lakh trees already adorn our green belts. Ecological Parks have been developed
at Refineries with lush green cover that serve as natural habitat for a large number
of birds. More than 300 species of resident and migratory birds thrive in these Eco
Parks. Over 285 species of native and exotic plants and trees grow there. (IOC, n.d.).
Digitalization of the entire activity and e-payment which helps in a reduction of the
use of paper in the company. Mangrove plantation has been carried out in 100 Ha
of Marine national park and marine sanctuary area near Narara bet (Vadinar).

PAGE 19
Villager awareness programmes are also conducted in the villages along the Right
of Way (RoW) of pipelines to sensitize the villagers regarding environmental
impact of oil leakage from the pipeline during pilferage activities as well as about
collateral damagers in such incidents

4. CORPORATE SOCIAL RESPONSIBILITIES(CSR)

Corporate social responsibility focusses on the idea that a business has social
obligation above and beyond making a profit. It requires a management to be
accountable to the full range of stakeholders. Corporate social responsibility is the
continuing commitment by the business to behave ethically and contribute to the
economic development of the country while improving the quality of life of the
workforce and their families and local community and society at large. CSR is
achieving commercial success in the ways that honor ethical values and respect
people, communities and the natural environment. CSR is a combination of
policies, education and practices which extent throughout a corporation’s
operations and into the communities in which they operate. CSR is the
commitment of businesses to behave ethically and to contribute to the sustainable

PAGE 20
economic development by working with all stakeholders to improve their lives in
the ways that are good for business and the society at large.

NEED FOR CSR

• Public image
• Conservation of resources
• Avoiding government intervention

ITS BENEFITS ARE

• Improved productivity and quality

• Better brand name and reputation
• Improved financial performance
• Access to capital

IOC’S CSR ACTIVITIES

As committed and loyal to the society, Indian oil Corporation promotes and
conducts various CSR programs. IndianOil also understands the importance of
creating a benevolent social impact of its work and minimizing the adverse impact
of energy use on ecology. IndianOil’s Corporate Social Responsibility (CSR) is
guided by its corporate vision of caring for environment and community.
IndianOil believes that Corporate Social Responsibility is the continuing
commitment by business to behave ethically and contribute to economic
development while improving the quality of life of the workforce and their families
as well as of the local community and society at large.

• LPG schemes for BPL families

Under this project, IndianOil contributes 20% of 2% of previous year’s Net profit
towards one-time grant to BPL families in the rural areas for release of

PAGE 21
new LPG connections under MoP&NG LPG Scheme. Under the scheme, the
security deposit for 1 cylinder and 1 pressure regulator is provided from the fund
created for this purpose by contributions from the CSR budget. During 2015-16,
22.8 lakh new connections were released by IndianOil and cumulatively, 32.4 lakh
BPL families have benefitted from this scheme

• SWATCH BHARAT ABHIYAN

IndianOil organized various events to sensitize its employees, their families and
general public and held cleanliness drives, walkathons, debates, street plays, skits,
tree plantations, poster making competitions, etc. across India. Sports icons on the
rolls of IndianOil also actively participated in the campaign.

• IOC’s ASSAM DIVISION HOSPITAL

Established in 1906, this modernized 200-bed hospital at Digboi caters to the

population in this part of Assam and nearby areas in the North East. General and
specialized health camps are also organized regularly by the hospital to reach out
to the poor villagers nearby, who have no access to medical facilities. During 2015-
16, 16,423 non-employee patients were treated at this hospital

PAGE 22
• Swarna Jayanti Samudayik Hospital, Mathura, Uttar Pradesh :

This 50-bed hospital provides medical assistance to residents near Mathura

Refinery, Uttar Pradesh. Two mobile dispensaries also go to the nearby
villages to provide free medical care to the villagers. The hospital provides
free treatment to the destitute and offers subsidized treatment to others.
During 2015-16, 52,660 patients were treated, and so far, about 8 lakh
patients have benefitted from this project.

• IndianOil Multi-Skill Development Institute, Digboi, Assam :

IndianOil Multi-Skill Development Institute, Digboi (iMSDI) started

functioning in 2014. It provides vocational training on skills & competencies
linked to industries. The trades, in which skills are currently imparted, are
electrical repair & maintenance, masonry & bar bending (construction),
welding, hospitality, fitter, retail, beauty & wellness, medical equipment

PAGE 23
 operation, auto & two-wheeler service & maintenance, etc. Under this
project, vocational training is provided to 400 beneficiaries every year

• IndianOil Sports Scholarship Scheme

IndianOil introduced a Sports Scholarship Scheme in the year 2006-07 for

promising young sports persons representing the State in team games and
National ranking in others. At present, 150 scholarships in 20 games/sports
are awarded to upcoming junior players from 14 to 19 years of age. In
addition to the scholarship amount for 3 years, cost of kit items, travel
assistance, lodging etc. are also paid by IndianOil.

5. SUSTAINABLE DEVELOPMENT

Economic maximization is no longer the agenda of Indian oil corporation. The

company itself is showing a better path to the world. The green initiative and
pledge to minimize the carbon content is alone is the evidence of that. Some
others are listed below.

Indian Oils environmental objective is to minimize carbon foot print, become

water positive and manage waste responsibly.

• Solar and Wind energy

PAGE 24
IndianOil's grid-connected solar photo voltaic (PV) project of 5-MW capacity at
Rawra in Rajasthan generated 7.6 million units of renewable electricity, resulting
in carbon emission reduction of 6.2 TMTCO2e during 2015-16.

Power generation from IndianOil's wind-power projects at Kutch (21-MW) in

Gujarat and Vajrakarur & Gandikota (48.3-MW) in Andhra Pradesh reached 124
million units (kWh) during the year, which corresponds to an emission reduction
of 102 TMTCO2e (thousand metric tonnes carbon-dioxide equivalent). IndianOil
has commissioned 3 wind power projects in Rajasthan.

Biofuels:
IndianOil and Chhattisgarh Renewable Energy Development Authority (CREDA)
have formed a JV called the IndianOil-CREDA Biofuels Ltd. and undertaken nearly
6000 ha plantations of Jatropha curcas in different districts of Chhattisgarh.

PAGE 25
 FINDINGS

• The Indian oil corporation without doubt promote and support various
initiatives that helps for sustainable development. Changing with the
environment and introduction of new technologies, proper and efficient
waste management techniques held the company’s good will high.

• The company’s robust asset infrastructure latest and advance technology

and strong market position is appraisable.

• As an active partner in the UN’s environmental programs, IOC is committed

to follow UN’s various climatic agreements and norms. The green belt
initiative which includes the installation of trees in the company premises is
a commendable move. The company also committed in lowering the
Sulphur emission to 0.5% ,0.15 in environmental sensitive areas.

• As a contribution in preventing the climatic change the IOC is producing

and promoting the use of CNG, LPG, Ethanol Blended Petrol, Biofuel and
hydrogen energy. The non-profitable commitment to the environment is
appraisable.

• The waste water treatment and recycling is done in the plant. With the help
of advanced and efficient techniques, the plant effectively recycles 80-90 %
of waste water and uses it. Initiatives like rain water harvesting plant and
RO plant adds glory to this program.

• Solid wastes, the biproduct of the refining process is treated with utmost
care.

PAGE 26
 • The companies CSR initiatives like LPG for BPL family and hospital’s for
rural areas ,support to swatch bharath abhiyan , scholarships etc are
notable

Although the company is doing this much to the society, they are not claiming
that they are the perfect. Nobody is perfect. There will always be issues like oil
leaks, accidents, lack of safety for the workers. We here incidents like this here and
there occasionally. As handling such a delicate product accident happens. What
commendable is their efficiency to manage such a firm with utmost dignity and
efficiency.

Indian oil corporation is one of the most profitable corporation in the world
itself. Comes in to 20 profitble corporations in the world.

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 SUGGESTIONS

Our major suggestions to the company are as follows

✓ The company itself follows various good initiatives for environmental

protection and to prevent climatic change. But that is not enough. The
organisation should come forward with initiatives to promote such things to
the public. The people should be enlightened about the need of such
initiatives and the company should lead them.

✓ The company should promote and revile their achievements (environmental

protection) like the carbon emission, sulphur minimization etc through
wide reaching medias like newspaper’s etc. the internet is still not reachable
to some public.

✓ It has come to our notification that, the CSR and other charity programmes
by the company is concentrated mostly on rural areas in the northern states.
They should do more such activities to the southern states as well.

✓ The rumours like lack of safety is some what true. The company should be
more cautious about the workers safety and public as well.

✓ The waste management machines and techniques should be constantly

monitored. Should implement modern facilities and machinery as in
western countries.

✓ The Indian Oil Corporation should consider giving more opportunities to

the younger generation. Mainly employment and educational support to
brightest minds. Should give them opportunities.

✓ The company should invest more in non-conventional energy sources like

solar and wind. The company should invest more in such initiatives whether
inside the company premises or through private initiatives.

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 CONCLUSION

The world is changing, so as the needs and wants of people. In the for coming
decade, there is going to be tremendous change in the world. For developing
countries like INDIA, it will a most challenging task. As the 2nd largest populist
country, there will be chances for inadequate resources. Resources like water, air
etc. are already depleting and polluting. Power consumption is off the charts, and
there is not enough power to compete the needs of the people. The use of
conventional fossil fuels are polluting the earth. People are dying. In Delhi, streets
are covered with smog, people are suffering with respiratory disorders.

Development is pro vital part considered to the environment. We have to

something about these conditions, or there will be no next generation.so what can
we do. We cannot wish for a magician to come from the sky and wipe off all
the impurities from the earth. Such things happen only in fairy tales. We are the
reason for this situation so we must take responsibility and promote sustainable
development.

It is time for a change. Change from our traditional culture. Time to solve our
mistake. Change to non-conventional source

✓ Harvest solar, wind, thermal, wave energy

✓ Minimize the use of fossil fuel, use cng

We may cannot turn back time so that we could begin again. We wish but can’t.
All we can do now is to look for future and try to make it more cleaner…

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 Bibliography
IOC. (n.d.). IOC. Retrieved from https://www.iocl.com/AboutUs/Environment.aspx

line, M. (2016). Indian Oil Corporation. 43.

profit, N. (n.d.). Retrieved from NDTV: http://profit.ndtv.com/stock/indian-oil-corporation-ltd_ioc/reports

Standards, B. (n.d.). Retrieved from Bussiness Standards: http://www.business-

standard.com/article/companies/ioc-betting-big-on-green-energy-115111900032_1.html

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