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IOC - AN INTRODUCTION

Indian Oil Corporation Ltd. is Indias largestcommercial enterprise, with a sales turnover of

Rs.2,85,337 crore and a net profit of Rs.2,950 crore

for the year 2008 09. Indian Oil is also the highest

ranked Indian company in the prestigious Fortune

Global 500 listing ( 116 th position in 2008).

Indian Oil Company Ltd. established as an Oil

marketing entity on 30 th june 1959, and was

renamed Indian Oil Corporation Ltd. on 1st September

1964 following the merger of the refining entity

,Indian Refineries Ltd.

Since then, the Indian Oil people with their

dedication and determination have nurtured the

integrated downstream petroleum company intoIndias No. 1 company and the countrys largest

commercial enterprise . It is the ceaseless efforts of

several generations of the Indian oil family that has

today placed the corporation firmly among the

worlds largest corporate , with the distinction of

being 18th largest petroleum company in the world .

Set up with a clear mandate for achieving self-sufficiency in petroleum refining ,pipelines

transportation and marketing operations for a nascent

nation set on the path of economic growth and

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IOC - AN INTRODUCTIONprosperity , Indian Oil is proud to account for nearly

half of Indias petroleum consumption today .

Indian Oil and its subsidies account for 49%

petroleum products market share , 40.4 % refining

capacity and 69 % downstream

sector pipelines capacity in India . The Indian Oil

Group of companies owns and operates 10 of Indias

20 refineries with a combined refining capacity of60.2 MMPTA. i.e. 1.2 barrels per day. The

Corporations cross country network of crude oil and

product pipelines ,spanning about 9,300 km and the

largest in the country, meets the vital energy needs

of the consumers in an efficient, economical and

environmental friendly manner.

To achieve the next level of growth, Indian Oil is

currently forging ahead on a well laid out road

map through vertical integration - upstream into oil

Exploration & Production and downstream into

petrochemicals and diversification into natural gas

marketing, besides globalization of its downstream

operations .

As the leading public sector enterprise of India,

Indian Oil has successfully combined its corporate

social responsibility agenda with its business

offerings, meeting the energy needs of millions of

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IOC - AN INTRODUCTIONpeople everyday across the length and breadth of

the country , traversing a diversity of cultures ,

difficult terrains and harsh climatic conditions . Thecorporation takes pride in its continuous investments

in innovative technologies and solutions for

sustainable energy flow and economic viable and

environment- friendly products & services for the

benefit of its consumers.