E E E A M A G A Z I N E 2009 - 2010 July 7, 2009

Company Profile - Indian Oil Corporation Limited

Indian Oil Corporation is an Indian public-sector petroleum company. It is India‘s largest

commercial enterprise, ranking 116th on the Fortune Global 500 listing (2008). It began
operation in 1959 as Indian Oil Company Ltd. The Indian Oil Corporation was formed in 1964,
with the merger of Indian Refineries Ltd. Indian Oil and its subsidiaries account for a 47% share
in the petroleum products market, 40% share in refining capacity and 67% downstream sector
pipelines capacity in India. The Indian Oil Group of Companies owns and operates 10 of India's
20 refineries with a combined refining capacity of 60.2 million metric tons per year.On 30th June
2009 IndianOil will complete 50 years of its existence and a series of events are being planned
to celebrate its Golden Jubilee Year.
Refining 1.2 million barrels per day. Accounts for 34% share of national refining capacity.
Accumulated refining experience of over a century - Digboi Refinery, in operation since 1901, is
the oldest operating refinery in the world. Investing over Rs. 30,000 crore (US$ 6.8 Billion) by
2012 to raise group refining capacity to over 80 MMTPA. Setting up a greenfield refinery of 15
MMTPA capacity at Paradip. Unveiling world scale petrochemical plants for forward integration
using product streams from existing refineries
Overview
Indian Oil operates the largest and the widest network of fuel stations in the country, numbering
about 17606 (15557 regular ROs & 2049 Kissan Sewa Kendra). It has also started Auto LPG
Dispensing Stations (ALDS). It reaches Indane cooking gas to over 47.5 million households
through a network of 4,990 Indian distributors.
In addition, Indian Oil's Research and Development Center (R&D) at Faridabad supports,
develops and provides the necessary technology solutions to the operating divisions of the
corporation and its customers within the country and abroad.
Subsequently, IndianOil Technologies Limited - a wholly owned subsidiary, was set up in 2003,
with a vision to market the technologies developed at IndianOil's Research and Development
Center. It has been modeled on the R&D marketing arms of Royal Dutch Shell and British
Petroleum.
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, 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 the cryogenic transportation. The branding called "LNG at Doorstep". Lng headquarters
are located in scope complex, Lodhi Road Delhi.

Refineries
Digboi Refinery, in Upper Assam, is India's oldest refinery and was commissioned in 1901.
refining capacity 0.5 MMTPA since 1901. Modernisation increased capacity of 0.65 MMTPA.
Guwahati Refinery
Barauni Refinery, in Bihar, commissioned in 1964 with a capacity of 6 MMTPA.
Gujarat Refinery, is IndianOil‘s largest refinery. The refinery was commissioned in 1965.
It also houses the first hydrocracking unit of the country. Capacity is 13.70 MMTPA.

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 E E E A M A G A Z I N E 2009 - 2010 July 7, 2009

Haldia Refinery is the only coastal refinery of the Corporation. It was commissioned in
1975 with a capacity of 2.5 MMTPA, which has since been increased to 5.8 MMTPA
Mathura Refinery was commissioned in 1975, capacity of 6.0 MMTPA. Located
strategically between the historic cities of Delhi and Agra, the capacity of Mathura refinery
was increased to 7.5 MMTPA.
Panipat Refinery is the seventh refinery of IndianOil. The original refinery with 6 MMTPA
capacity was built and commissioned in 1998. Panipat Refinery has doubled its refining
capacity from 6 MMT/yr to 12 MMTPA.
Subsidiary refineries — Bongaigaon Refinery (2.95 MMTPA), Chennai Petroleum (9.5
MMTPA)

Group companies and joint ventures

IndianOil Technologies Ltd : IndianOil Technologies Ltd.is the marketing arm for the entire
range of technologies developed at the R&D Centre of Indian Oil Corporation Limited.
IndianOil Technologies Ltd. headquarters are located at IndianOil R&D Centre , Faridabad.
IndianOil (Mauritius) Ltd.
Lanka IOC PLC - Group company for Sri Lanka retail and storage operations which is listed
on Colombo's stock exchange.
IOC Middle East FZE
Chennai Petroleum Corporation Ltd.
Bongaigoan Refinery and Petrochemicals Ltd.
Green Gas Ltd. - joint venture with Gas Authority of India for city-wide gas distribution
networks.
Indo Cat Pvt. Ltd., with Intercat, USA, for manufacturing 15,000 tonnes per annum of
FCC (fluidised catalytic cracking) catalysts & additives in India, for catering to rising global
demand.
Numerous exploration and production ventures with Oil India Ltd., Oil and Natural Gas
Corporation

Loyalty programs
XTRAPOWER Fleet Card Program is aimed at Large Fleet Operators. Currently it has 1 million
customer base. XTRAREWARDS is a recently launched loyalty program for retail customers
where customers can earn reward points on their purchases.
Competitors
Indian Oil Corporation has two major domestic competitors, Bharat Petroleum and Hindustan
Petroleum. Both are state-controlled, like Indian Oil Corporation. There are two private
competitors, Reliance Petroleum and Essar Oil.
Oil Industry Development Board
India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels,
enough for two weeks of consumption. Petroleum stocks have been transferred from the Indian
Oil Corporation(IndianOil) to the Oil Industry Development Board (OIDB). The OIDB then
created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling
government agency for the strategic reserve.

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