Indian Oil Corporation (IOCL) is India's largest petroleum company and was founded in 1964. It is 78.92% owned by the Indian government and has a market value of 660 million. IOCL operates several oil refineries across India and also has joint ventures. It produces a wide range of petroleum products including gasoline, diesel, jet fuel, kerosene, and liquefied petroleum gas. IOCL also provides pipeline infrastructure and engages in research and development. It is the largest company in India's petroleum industry and 18th largest globally.