•Indian Oil Corporation Ltd is one of the Maharatna Company of India•The market capitalization of the company as on March 15, 2012 wasRs. 66052.45 crore.•The total paid up capital of the company is Rs. 2,42,79,52,482 (approx242 million)•The Central govt./State govt.(s) hold 78.92% stake in the company.
BOARD OF DIRECTORS
Shri R. S. Butola Shri P. K. SinhaChairman w.e.f. 28.02.2011 Government DirectorShri P. K. Goyal Shri Nirmal Kumar PoddarDirector (Finance) Independent Directorw.e.f. 02.05.2011 Shri B. N. BankapurShri Michael Bastian Director (Refineries)Independent Director Shri Sudhir BhargavaShri G. C. Daga Government DirectorDirector (Marketing)
Dr. Sudhakar Rao Shri B. M. BansalIndependent Director Chairman & Director(P&BD)w.e.f. 30.05.11 upto 31.01.2011Shri K. K. Jha Dr. R. K. MalhotraDirector (Pipelines) Director (Research & Development)Prof. (Dr.) Indira J. Parikh w.e.f. 05.08.2010Independent Director Shri Anees Noorani Independent Director
Shri V. C. Agrawal Shri S. V. NarasimhanDirector (Human Resources) Chairman & Directorupto 31.07.2010 (Finance) upto 30.04.2011Shri Sudhir BhallaDirector (Human Resources) Shri A. M. K. Sinhaw.e.f. 27.10.2010 Director(Plng. & Business Development) w.e.f.Dr. (Smt.) Indu R. Shahani 16.03.2011Independent Director Prof. Gautam Barua Independent Director
AutoGas (LPG) is a clean, high octane, abundant and eco-friendly fuel.It is obtained from natural gas through fractionation and from crudeoil through refining.It is a mixture of petroleum gases like propane and butane.The higher energy content in this fuel results in a 10% reduction ofCO2 emission as compared to MS.
IndianOil has setup 335 Auto LPG Dispensing Stations (ALDS)covering 182 cities across India.AutoGas impacts greenhouse emissions less than any other fossil fuelwhen measured through the total fuel cycle.Conversion of petrol to AutoGas helps substantially reduce airpollution caused by vehicular emissions.The saving on account of conversion to AutoGas in comparison topetrol is about 35-40% which is a enough reason for a consumer toconvert his vehicle to AutoGas.
Jet fuel is a colorless, combustible, straight-run petroleum distillateliquid.Its principal uses are as jet engine fuel.The most common jet fuel worldwide is a kerosene-based fuelclassified as JET A-1.
IndianOil is Indias first ISO-9002 certified oil company conforming tostringent global quality requirements of aviation fuel storage &handling.IndianOil Aviation Service is a leading aviation fuel solution provider inIndia and the most-preferred supplier of jet fuel to major internationaland domestic airlines.Between one sunrise and the next, IndianOil Aviation Service refuelsover 1500 flights.
BitumenBitumen is a common binder used in road construction.It is principally obtained as a residual product in petroleum refineriesafter higher fractions like gas, petrol, kerosene and diesel, etc., areremoved.IndianOil produces bitumen from its refineries at Panipat, Mathura,Koyali, Haldia and Chennai and markets it in bulk as well as packed insteel drums.
Bulk/Industrial FuelsIn the large volume consumer segment, Indian Oils provides completeFuel Management Solutions to customers who require fuels in bulk andhave dedicated facilities for storage and handling. Indian Oils bulk liquid fuel supply covers the complete gamut offuels-Auto fuels, Light Diesel Oil, Low Sulphur Heavy Stock, SpecialProducts and much more.
Crude oilCrude oil - as petroleum directly out of the ground is called - is aremarkably varied substance, both in its use and composition.Crude oil is formed from the preserved remains of prehistoriczooplankton and algae, which have been settled to the sea (or lake)bottom in large quantities under anoxic conditions.It was formed over millions of years from the remains of tiny aquaticplants and animals that lived in ancient seas due to compression andheating of ancient organic materials over geological time.The oldest oil-bearing rocks date back to more than 600 million years,the youngest being as old as about 1 million years.
Crude oil is classified by the location of its origin (e.g. West TexasIntermediate, WT, Brent, Dubai or Minas) and often by its relativeweight or viscosity.Crude oil from an area in which the crude oils molecularcharacteristics have been determined and the oil has been classified areused as pricing references throughout the world.These references are known as Crude oil benchmarks.After considering availability of indigenous crude oil, balance crude oilis required to be imported. Indian Oil sources its crude oil requirementfrom Far East, Gulf region, Mediterranean, West Africa and LatinAmerican sources.
Automotive gasoline and gasoline-oxygenate blends are used ininternal combustion spark-ignition engines.These spark ignition engine fuels are primarily used for passengercars.They are also used in off-highway utility vans, farm machinery and inother spark ignition engines employed in a variety of serviceapplications.XTRAPREMIUM petrol is a much sought-after fuel among discerningmotorists who are in many ways emotionally attached to their wheels. Indian Oils XTRAPREMIUM petrol is the largest selling branded petrolin India
Petroleum derived diesel (called as petrodiesel) is a mixture of straightrun product with varying amount of selected cracked distillates and iscomposed of saturated hydrocarbons and aromatic hydrocarbons.Diesel is used in diesel engines, a type of internal combustion engine.Rudolf Diesel originally designed the diesel engine to use coal dust asa fuel, but oil proved more effective.Indian Oils XTRAMILE Super Diesel, the leader in the branded dieselsegment, is blended with world-class multi-functional fuel additives.
Indane is today one of the largest packed-LPG brands in the world andhas been conferred the coveted ‘Consumer Superbrand’ status by theSuperbrands Council of India.Having launched LPG marketing in the mid-60s, Indian Oil has beencredited with bringing about a ‘kitchen revolution’ It has led to a substantial improvement in the health of women,especially in rural areas by replacing smoky and unhealthy chulha. the Indane network delivers 1.2 million cylinders a day to thedoorsteps of over 53 million households, making Indian Oil the secondlargest marketer of LPG globally, after SHV Gas of The Netherlands.
Marine Fuels & LubricantsIndian Oil caters to all types of bunker fuels and lubricants required byvarious types of vessels operating throughout the world in the shippingindustry.Bunker supplies are made at all major ports of India; Mumbai, Kandla,Vasco, Chennai, Tuticorin, Kakinada, Visakhapatnam, Kochi, NewMangalore, Kolkata, Paradip, JNPT, Port Blair and Haldia.Apart from meeting 100% bunker requirement of the Indian Navy, italso supplies bunker fuels to all major shipping and dredging companiesof India.Spot requirement of different vessels calling at Indian ports are metthrough nominations received from local shipping agents andinternational bunker traders/brokers.
PetrochemicalsIndia is amongst the fastest growing petrochemicals markets in theworld.The Corporation is envisaging an investment of Rs 30,000 crore in thepetrochemicals business in the next few years.These projects will utilise product streams from the existing refineriesof IndianOil, thereby achieving better exploitation of the hydrocarbonvalue chain.In order to penetrate the petrochemicals market effectively, aseparate Strategic Business Unit (SBU) has been created in IndianOil formarketing of petrochemicals.
Beginning with a low-investment, high-value projects such as MethylTertiary Butyl Ether (MTBE) and Butene-1 at Gujarat Refinery, Vadodara,IndianOil has set up a world-scale Linear Alkyl Benzene (LAB) plant atGujarat Refinery and an integrated Paraxylene/Purified TerephthalicAcid (PX/PTA) plant at Panipat.A Naphtha Cracker complex with downstream polymer units is also inoperation at Panipat.
Kerosenes are distillate fractions of crude oil in the boiling range of150-250 C.They are treated mainly for reducing aromatic content to increasetheir smoke point (height of a smokeless flame) and hydrofining toreduce sulphur content and to improve odour, colour & burningqualities (char value).
Special ProductsOther than the regular petroleum products like light distillates, middledistillates, heavier products like Furnace Oil, Bitumen, etc., IndianOilrefineries also manufacture petroleum products for specificapplications.These specific applications could be feed stock for chemical industry,raw material for specific industries and solid fuels.The petroleum products, produced for specific applications are called,Petrochemicals and Specialties (P&S) Products.Every petroleum refinery is not designed to produce P&S products butIndianOils refineries have been planned to make a large portfolio ofP&S products.
Refining PipelineResearch & Development MarketingOil & Gas Training Services
RefiningBorn from the vision of achieving self-reliance in oil refining andmarketing for the nation, IndianOil has gathered a luminous legacy ofmore than 100 years of accumulated experiences in all areas ofpetroleum refining by taking into its fold, the Digboi Refinerycommissioned in 1901. At present, IndianOil controls 10 of India’s 20 refineries.
PipelineIndianOil, the pioneer in cross-country petroleum product pipeline inthe Indian sub-continent constructed and commissioned its firstpetroleum product pipeline, Guwahati-Siliguri Pipeline in the year 1964.Since then IndianOil has mastered the art and technology of pipelineengineering.Over the last four decades the pipeline network of IndianOil hasgrown to 10,899 km
Research & DevelopmentIndianOils worldclass R&D Centre, established in 1972, has state-of –the art facilities and has delivered pioneering results in lubricantstechnology, refining process, pipeline transportation, bio-fuels and fuel-efficient appliances.Over the past three decades, IndianOil R&D Centre has developedover thousands of formulations of lubricating oils and greasesresponding to the needs of Indian industry and consuming sectors likeDefence, Railways, Public Utilities and Transportation.The Centre has also developed and introduced many new lubricantproducts to the Indian market like multigrade railroad oils.
MarketingIndianOil provides a wide range of marketing services andconsultancy in fuel handling, distribution, storage and fuel/lubetechnical services.With a formidable bank of technical and engineering talent,IndianOil is fully equipped to handle small to large-scaleinfrastructural projects in the petroleum downstream sectoranywhere in the country.
Oil & Gas Training ServicesThe IndianOil Institute of Petroleum Management- a centre ofexcellence for nurturing future leadership, situated on the outskirts ofNew Delhi, conducts advanced management education programmes incollaboration with premier business schools and top line professionals.IndianOil operates 18 training centres across the country for up-skilling, re-skilling and multi-skilling of employees in its pursuit ofcorporate excellence.
Indian Oil Corporation , (IOC) has announced its third quarterresults. The companys Q3 net profit was up 52% at Rs 2,488crore versus Rs 1,635 crore year-on-year.It net sales were up 29% at Rs 98,272 crore versus Rs 75,891crore, YoY.Its forex loss of Rs 4,315 crore.
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