1.INTRODUCTION2.OWNERS OF COMPANY3.GROUPS OF COMPANIES4.JOINT VENTURE5.ORGANISATIONAL STRUCTURE6.PRODUCTS

a) NAMES OF PRODUCTb) SERVICES OFFERED

7.CORPORATE SOCIAL RESPONSIBILITY8.WELFARE ACTIVITIES9.SECRETARIAL AUDIT REPORT

10.CONCLUSION

Indian Oil began operation in 1959 as Indian Oil Company Ltd. The Indian Oil Corporation

was formed in 1964, with the merger of Indian Refineries Ltd.

Indian Oil Corporation Limited, or Indian Oil, is an Indian state-owned oil and gas

corporation with its headquarters in New Delhi, India. The company is the world's 98th

largest public corporation, according to the Fortune Global 500 list, and the largest public

corporation in India when ranked by revenue. Indian Oil and its subsidiaries account for a

47% share in the petroleum products market, 34% 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 21 refineries with a combined refining capacity of 65.7 million metric

tons per year. President of India owns 78.92% in the company. in FY'11 IOCL sold 64.1

million tonnes of petroleum products and reported a PBT of Rs.9096 Crore, & Govt of india

earned an excise duty of Rs.25789.90 crore and tax of Rs.1650 Crore. It is one of the five

Maharatna status companies of India ,apart from Coal India Limited, NTPC Limited, Oil and

Natural Gas Corporation and Steel Authority of India Limited.

Indian Oil operates the largest and the widest network of fuel stations in the country,

numbering about 19,463. It has also started Auto LPG Dispensing Stations . It supplies

Indane cooking gas to over 62.4 million households through a network of 5,456 Indian

distributors. In addition, Indian Oil's Research and Development Center at Faridabad

supports, develops and provides the necessary technology solutions to the operating divisions

of the corporation and its customers within the country and abroad.

The volatility in the crude market & subsidy burden on the IOCL has dented the company

performance like other PSU oil companies. Moreover, bureaucratic hurdles in projects are

hurting company advancement. IOCL has one of the best technical manpower for execution of

jobs.

Mr. R.S. Butola is the Chairman of Indian Oil Corporation Ltd., India’s flagship oil & gas major and the largest commercial enterprise in India. He also heads IndianOil’s group companies - Chennai Petroleum Corporation Ltd. and IOT Infrastructure & Energy Services Ltd. – and industry organisations such as Petroleum Federation of India.

In a career spanning almost three decades, out of which two decades are in the hydrocarbon industry, Mr. Butola has gained versatile experience in all facets of hydrocarbon industry ranging from project development and execution to commercial closures.

At IndianOil, Mr. Butola is spearheading an enterprise wide exercise aimed at strengthening internal systems by optimising the supply chain and achieving zero process interruption. He is navigating the Company in times of unprecedented challenges being faced by oil & gas companies with particular focus on building bench strength in its core businesses besides acquiring competencies to manage new businesses such as E&P, Nuclear energy, renewables, etc.

Mr. Butola is widely travelled, an avid reader and an astute thinker in the energy industry with a rare insight into both upstream and downstream sectors.

IndianOil (Mauritius) Ltd.

Lanka IOC PLC – Group company for retail and storage operations in Sri Lanka. It is

listed in the Colombo Stock Exchange. It was locked into a bitter subsidy payment

dispute with Sri Lanka's

Government which has since been resolved.[citation needed]

IOC Middle East FZE.

Chennai Petroleum Corporation Limited.

Green Gas Ltd. – a joint venture with Gas Authority of India Ltd. for city-wide gas

distribution networks.

Indo Cat Pvt. Ltd., with Intercat, USA, for manufacturing 15,000 tonnes per annum of

FCC (fluidised catalytic cracking) catalysts & additives in India.

IndianOil – CREDA Biofuels Ltd., a joint venture with Chattisgarh government for

production and marketing of Bio-fuels.

Numerous exploration and production ventures with Oil India Ltd., Oil and Natural

Gas Corporation.

Name of Joint venture

Date of Incorporation

Promoters & Equity

Areas of operations.

Avi-Oil India Pvt. Ltd. 04.11.1993 NYCO SA, France& Balmer Lawrie & Co. Ltd.

To blend, manufacture and sell synthetic, semi synthetic and mineral based lubricating oils, greases and hydraulic fluids, related products and specialties for Defence and Civil Aviation uses.

Delhi Aviation Fuel Facility Pvt. Ltd

28.03.2010 INDIAN OIL BPCL DIAL For designing, developing, construction, operation, management, maintenance and transfer of Aviation Fuel Facility for T3 Terminal at Delhi Airport.

Indo Cat Pvt. Limited 01.06.2006 Intercat, USA Manufacturing & marketing of FCC catalysts and additives.

IOT Infrastructure & Energy Services Ltd.

28.08.1996 Oiltanking GmbH, Germany.

To build and operate terminalling services for petroleum products.

IndianOil Petronas Private Ltd.

03.12.1998 Petronas, Malaysia To construct and import facilities for LPG import at Haldia and to engage in parallel marketing of LPG.

IndianOil Skytanking Limited

21.08.2006 IndianOil, IOT Infrastructure & Energy Services Ltd. (Formerly IOTL-IndianOil Corporation Ltd. Tanking Ltd.)

Design, finance, construct, operate & maintain aviation fuel facility projects.

IndianOil Ruchi Biofuels LLP

28.05.2010 IndianOil Ruchi Soya Industries Limited

Implementation of Bio-diesel value-chain project in the state of Uttar Pradesh

Lubrizol India Private Limited

01.04.2000 Lubrizol Inc., USA To manufacture and market chemicals for use as additives in fuels, lubricants and greases.

NPCIL-IndianOil Nuclear Power Corporation Limited

06.04.2011 IndianOil NPCIL

For developing and operating Nuclear Power Plants for harnessing and developing nuclear energy for generating electricity

Petronet LNG Limited 02.04.1998 Bharat Petroleum Corporation Ltd., Oil & Natural gas Corporation Ltd., GAIL (India) Ltd, Gaz de France, ADB

Development of facilities for import and regasification of LNG at Dahej and Kochi.

Suntera Nigeria 205 Limited

09.05.2006 IndianOil Corporation Ltd. & Oil India., Suntera Resources Ltd.

Investments in oil and gas industry especially in the upstream sector

Indian Synthetic Rubber Limited

06.07.2010 IndianOil Trimurti Holding Corporation Marubeni Corporation

Implementation of Styrene Butadiene Rubber Project at Panipat

Petronet India Limited 21.05.1998 Bharat Petroleum Corporation Ltd., Hindustan Petroleum Corporation Ltd., Reliance Industries Limited, Infrastructure Leasing & Financial Services Ltd.

To implement petroleum products, pipeline projects through Special Purpose Vehicles.

Petronet VK Limited 09.05.2006 Petronet India Limited , Reliance Industries Limited & Essar Oil Limited., State Bank of India, Gujarat Industry .

To construct and operate a pipeline for transportation of petroleum products from Vadinar to Kandla.

Chairman of the BoardR. ButolaDirectorNirmal PoddarDirectorSudhakar RaoDirectorV. BhallaDirectorAnees NooraniDirectorGautam BaruaDirectorIndu ShahaniDirectorP SinhaDirectorIndira ParikhDirectorMichael BastianDirectorSudhir Bhargava

IndianOil Foundation SGFinanceVSFinance & Business Developme...SJHuman ResourcesSKHuman Resources DevelopmentTAInternal AuditVSCommunicationSMIndianOil InstituteNB

SecretaryRRMarketingMNPipelinesVORefineriesRGResearch & DevelopmentRMPlanning & business develomentGAS (AM)

CIO (SR)

OPTIMISATION (NG)

PETROCHEMICALS

IndianOil is not only the largest commercial enterprise in the country it is the flagship

corporate of the Indian Nation. Besides having a dominant market share, IndianOil is widely

recognized as India’s dominant energy brand and customers perceive IndianOil as a reliable

symbol for high quality products and services.

Benchmarking Quality, Quantity and Service to world-class standards is a philosophy that

IndianOil adheres to so as to ensure that customers get a truly global experience in India. Our

continued emphasis is on providing fuel management solutions to customers who can then

benefit from our expertise in efficient sourcing and least cost supplies keeping in mind their

usage patterns and inventory management.

IndianOil is a heritage and iconic brand at one level and a contemporary, global brand at

another level. While quality, reliability and service remains the core benefits to our customers,

our stringent checks are built into operating systems, at every level ensuring the trust of over a

billion Indians over the last four decades.

Our Retail Brand template of XtraCare(Urban), Swagat(Highway) and Kisan Seva

Kendras(Rural) are widely recognized as pioneering brands in the petroleum retail segment.

IndianOil’s leadership extends to its energy brands - Indane LPG, SERVO Lubricants,

Autogas LPG, XtraPremium Branded Petrol, XtraMile Branded Diesel, XtraPower Fleet Card,

IndianOil Aviation and XtraRewards cash customer loyalty programme.

I. INDANE GAS.II. AUTO GAS.

III. NATURAL GAS.IV. PETROL/GASOLINE.V. DIESEL/GAS OIL.

VI. ATF/JET FUEL.VII. SERVO LUBRICANT/ GREASES.

VIII. MAIRNE FUEL & LUBRICANTS.IX. KEROSENE.X. BITUMEN.

XI. PETROCHEMICALS.XII. SPECIAL PRODUCTS.

XIII. CRUDE OIL.

I. REFINING. II. PIPELINES.

III. MARKETING.IV. RESEARCH & DEVELOPMENT.

"CSR: A Cornerstone of our Enduring Success" At IndianOil, corporate social responsibility (CSR) has been the cornerstone of success right from inception in the year 1964. The Corporation’s objectives in this key performance area are enshrined in its Mission statement: "…to help enrich the quality of life of the community and preserve ecological balance and heritage through a strong environment conscience."

We at IndianOil have defined a set of core values for ourselves – Care, Innovation, Passion and Trust – to guide us in all we do. We take pride in being able to claim almost all our countrymen as our customers. That’s why, we coined the phrase, “IndianOil – India Inspired", in our corporate campaigns. Public corporations like IndianOil are essentially organs of society deploying significant public resources. We, therefore, are aware of the need to work beyond financial considerations and put in that little extra to ensure that we are perceived not just as corporate behemoths that exist for profits, but as wholesome entities created for the good of the society and for improving the quality of life of the communities we serve.

Besides focusing primarily on the welfare of economically and socially deprived sections of society, IndianOil also aims at developing techno-economically viable and environment-friendly products & services for the benefit of millions of its consumers, while at the same time ensuring the highest standards of safety and environment.

Sharing Profits

Every year, IndianOil sets aside a fixed portion of its profits for spreading smiles in millions of lives across the country through a comprehensive community welfare and development programme. About one-fourth of the community development funds are spent on the welfare of Scheduled Caste and Scheduled Tribe beneficiaries.

IndianOil has a concerted social responsibility programme to partner communities in health, family welfare, education, environment protection, providing potable water, sanitation, and empowerment of women and other marginalised groups. IndianOil has always been in the forefront in times of national emergencies. IndianOil People have time and again rallied to help victims of natural calamities, maintaining uninterrupted supply of petroleum products and contributing to relief and rehabilitation measures in cash and kind.

LPG Schemes

Provision of Common LPG Kitchen facilities in villages Release of one-time grant to Below Poverty Line (BPL) families in the rural areas for release of new LPG connection under Rajiv Gandhi Gramin LPG Vitarak Yojana(RGGLV Yojana)

IndianOil Foundation:

The IndianOil Foundation (IOF), a non-profit Trust was created in 2000 to protect, preserve and promote the National Heritage, in collaboration with ASI and NCF of the Government of India. In the first phase, the following sites have been identified for developing tourist friendly facilities in the monument complex:

Konark Sun Temple, Odisha in Eastern ZoneVaishali, Bihar in Eastern ZoneKanheri Caves, Maharashtra in Western ZoneKhajuraho, Madhya Pradesh in Central ZoneWarangal Fort, Andhra Pradesh in Southern Zone The projects for developing tourist friendly facilities at the above sites are in various stages of planning/execution.

The Corporation also supports a variety of endeavours in arts, culture, music and dance, apart from organising programmes on its own under the banners of IndianOil Art Exhibition, IndianOil Sangeet Sabha and IndianOil Kavi Sammelan.

:

Community Development:The Community Development Programme adopts a multi-disciplinary approach incorporating health, family welfare, education, drinking water and sanitation, empowerment of women and other marginalized groups in the vicinity of our major installations.

IndianOil Scholarship Schemes: IndianOil Educational Scholarship Schemes: IndianOil awards 2600 scholarships to meritorious students pursuing full-time courses in 10+/ITI, Engineering/Medical and Business Administration to nurture and support talent among the deserving students belonging to families with less than rupees one lakh as the gross joint annual income. Out of which 50% are reserved for SC/ST/OBC students, 25% of the Scholarship is earmarked for girl students and 10% for Physically Handicapped students.“IndianOil Scholarships Scheme” for Graduate and Post-Graduate students:– Under the scheme total 600 scholarships (300 for Engineering, 200 for MBBS and 100 for

National Causes and Natural Calamities: IndianOil responds proactively to provide aid and relief to the victims of any natural calamities like floods, tsunami, earthquake, cyclones etc. IndianOil also contributes for national causes in the benefit of the nation like setting up of educational institutions of national importance like the Rajiv Gandhi Institute of Petroleum Technology to promoting a cause like National Children’s Fund, Jansankhya Sthirtha Kosh etc.

Environment:As part of its environment-protection initiatives, IndianOil has invested close to Rs. 7,000 crore in state-of-the-art technologies at its refineries for production of green fuels meeting global standards. To further reduce dependence on precious petroleum products and secure the nation’s energy security, the Corporation is now in the process of commercialising various options in alternative fuels such as ethanol-blended petrol, biodiesel, and Hydrogen and Hydrogen-CNG.

In our opinion, based on test check carried out by us, verification of recordsproduced to us and according to the information furnished to us by theCompany, its Company Secretary and Officers, the Company has compliedwith the provisions of the Companies Act, 1956 (“the Act”) and Rules madeunder the Act and the Memorandum and Articles of Association of theCompany with regard to:

1) maintenance of various Statutory Registers and documents and makingnecessary entries therein;

2) filing of the requisite forms and returns with the Registrar of Companies,Maharashtra, Mumbai and Central Government within the time prescribedunder the Act and rules made there under;

3) service of documents by the Company on its Members, Auditors,Debenture holders and Debenture Trustees;

4) closure of Register of Members and Share Transfer Books of the Companyfrom 13th September, 2010 to 21st September, 2010 (both days inclusive);

5) convening and holding of the meetings of Directors and Committees of theDirectors including passing of the resolutions by Circulation;

6) convening and holding of 51st Annual General Meeting on 21stSeptember, 2010;

7) approval of shareholders obtained through Postal Ballot Process;

8) minutes of the proceedings of General Meeting and meetings of the Boardand its committees were properly recorded in loose leaf form, which arebeing bound in book form at regular intervals;9) appointment and remuneration of Auditors and Cost Auditors;

10) transfers and transmission of shares and issue and delivery of original andduplicate certificates of shares: dematerialization / re-materialization ofshares;

11) composition and terms of reference of Audit Committee;

12) declaration and payment of dividend;

13) transfer of amounts due under the Act to the Investor Education andProtection Fund;

14) payment of interest on debentures and redemption of debentures;

15) investment of Company’s funds including inter corporate loans andinvestments and investment and loans to others;

16) giving guarantees in connection with loans taken by subsidiaries andassociate companies;

17) borrowings and registration, modification and satisfaction of charges;

18) deposit of both the employees and employers contribution relating toProvident Fund with the Trusts created for the purpose;

19)contracts, Common Seal, Registered Office, and publication of name ofthe company; and

20) generally, all other applicable provisions of the Act and the Rules madethere under that Act.

21) The Company has complied with all the requirements under the ListingAgreement executed with the Bombay Stock Exchange Limited and.National Stock Exchange Limited except that of Clause 49(1)(A) pertainingto the Composition of Board of Directors regarding 50% IndependentDirectors on the Board of the Company;

Indian oil company ltd is coming up with new marketing strategies in which they

tie up with the local outlets in different cities,thus creating a symbiotic

environment.

It is the largest refining company in country which makes this company ideally

positioned for growth in India.

It has largest crude and product pipeline network in the country.

Maximum number of customer touchpoints in the indian petroleum industry.

Besides this it has also made an remarkable contribution in welfare activities as well as good in performing corporate social responsibility.

This enables a company to make a remarkable progress in future prospect and achieve it’s long term objectives.