Indian Oil Corporation Limited (IndianOil) is India's largest commercial enterprise, with a sales turnover of Rs. 3,99,601 crore (US $ 61 billion) and profit of Rs. 10,399 crore ( US $ 1589 million) for the year 2015-16. It is also the highest ranked Indian company being 161st in Fortune's prestigious 'Global 500' listing of the world's largest corporations.
IndianOil and its group companies account for almost 50% petroleum products market share, 35% national refining capacity and 71% downstream sector product pipelines capacity in the country.IndianOil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity. The IndianOil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tonnes per annum).
The Corporation's cross-country pipelines network, for transportation of crude oil to refineries and finished products to high-demand centres, spans about 11,750 km. With a throughput capacity of 85.5 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner.
IndianOil's network of over 45,000 customer touch-points reaches petroleum products to every nook and corner of the country. These include more than 25,000 petrol & diesel stations, including 6,200 Kisan Seva Kendra outlets (KSKs) in the rural markets. Over 9400 fuel stations across 55 cities are now fully automated.
IndianOil's sprawling R&D Centre at Faridabad near Delhi is one of Asia's finest, and plays a key role in supporting the Corporation's, business interests by developing economical, environment friendly technology solutions. It has won recognition for four decades of pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels, and holds 454 active patents, of which 270 are international patents.
IndianOil is the second largest player in the domestic petrochemical market, besides exports to over 70 countries. The Corporation offers a full slate of petrochemical products and intermediates under the brand name PROPEL whose grades cover over 80% of the plastics applications. Over 50 polymer grades have been introduced and stabilised in the domestic market. .
IndianOil made its big-ticket entry into petrochemicals with the commissioning of the country's largest LAB (Linear Alkyl Benzene, used in the production of detergents) plant at its Koyali Refinery in August 2004. An integrated PX/PTA (Paraxylene/Purified Terephthalic Acid) complex came up at Panipat in Haryana in 2006. The PTA plant is the single largest unit in India, with a world-scale capacity of 5,53,000 MTPA, and produces polyester intermediates. A world-class Naphtha Cracker with downstream polymer units, set up at Panipat in 2010, is the largest operating cracker capacity in India producing polymer (plastics) intermediates.
IndianOil has successfully combined CSR agenda with business offerings, meeting the energy needs of millions of people everyday across the length and breadth of the country, traversing a diversity of cultures, difficult terrains and harsh climatic conditions.
The Corporation takes pride in continuous investments in innovative technologies and solutions for sustainable energy flow and economic growth and in developing techno-economically viable and environment-friendly products & services for the benefit of consumers.