Indian Oil Corporation Limited

               

Type PSU (Trading on BSE & NSE)

Founded 1964

Headquarters New Delhi, India

Key people Sarthak Behuria, Chairman

Industry Petroleum products = Petrol, Diesel, Kerosene, LPG, Petrochemicals

Revenue ▲ रू. 2474.79 billion or $61.7 Billion [1] (2007-2008)

Net income US$ 1.96 billion (2007) ▲ 12.9% from 2006

Total assets US$ 26.2 billion (2007)

Total equity US$ 10.87 billion (2007)

Employees ~36,217 (2006)

Website www.iocl.com

Indian Oil Corporation

It is an Indian public-sector petroleum company.

It is India’s largest commercial enterprise

Ranking 105th on the Fortune Global 500 listing (2009).

It began operation in 1959 asIndian 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 19 refineries with a combined refining capacity of 60.2 million metric tons per year.

On 30th June 2009 Indian Oil will complete 50 years

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

Subsequently, Indian Oil Technologies Limited - a wholly owned subsidiary, was set up in 2003, with a vision to market the technologies developed at Indian Oil's Research and Development Center. It has been modeled on the R&D marketing arms of Royal Dutch Shell and British Petroleum.

Company Summary

• This section presents the key facts & figures, business description, products & services offered and corporate timeline of the company

Company Analysis

• It involves analysis of the company at three levels – segments, organizational structure and ownership composition. Both business and geographic segments are analyzed along with their recent financial performance. It further discusses the major subsidiaries of the company and the recent merger & acquisitions.

Business Developments

• This section examines the significant developments that have taken place in the company. It is a form of news analysis where the most critical company news is discussed.

Discussion of Business Strategies

• This section talks about the current and future strategies of the company. All business, marketing, financial and organizational strategies are discussed here.

Financial Performance

• It discusses the most recent financials of the company and also compares the historical sales & income figures with the current and projected figures. The objective is to evaluate the financial health of the company. The analyst opinion and stock performance help us in evaluating the performance of the company from an investor’s viewpoint.

Competition Synopsis

• This section compares the company with its peer group. The comparable analysis and stock movement are aimed at giving an overview of the competitive landscape in the industry and the company’s positioning in its peer group.

Indian Oil Corporation

MISSION

VISION

VALUES strategy

END SHOW

SWOT

OFFICERS

chairman Directors

Company Secretary

CEOCRO

COO

General Manager

CFO

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Sarthak Behuria is the present Chairman of Indian Oil CorporationHe is also Chairman (part-time) of subsidiary companies, BRPL and Chennai Petroleum Corporation Ltd., besides heading Indian Oiltanking Ltd., a joint venture for building and operating terminalling services for petroleum products.

OFFICERS

SWOT

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HOMEOFFICERS

Company Secretary Compliance Officer

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Other Executives

R.S Solanki’s ExperienceCEO ;THE INDIANOIL FOUNDATION Indian Oil Corporation Limited(Public Company; 10,001 or more employees; Oil & Energy industry)Currently holds this position R.S Solanki’s EducationIndian Institute of Technology, Delhi 1973 — 1975 R.S Solanki’s Contact SettingsInterested In:career opportunities consulting offers job inquiries expertise requests business deals HOMEOFFICERS

HOMEOFFICERS

HOMEOFFICERS

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General Manager

Other Managers

HOMEOFFICERS

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 ecological balance and heritage through a strong environment conscience.

Indian Oil Corporation's strategy at this

time was "to become a diversified,

integrated global energy corporation.