The Indian Refineries and Indian Oil Company were combined to form the giant Indian Oil Corporation (IOCL) on 1st September 1964, with its registered office at Bombay.
Research & Development of Indian Oil Came into Existence in 1972.
IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi.
It is the world's 119th largest corporation, according to the Fortune global 500 list,
IndianOil and its subsidiaries account for a 49% share in the petroleum products market, 31% share in refining capacity and 67% downstream sector pipelines capacity in India.
The IndianOil Group of companies owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 million metric tonnes per year.
58% of share is owned by Government of India
In FY 2012 IOCL sold 75.66 million tonnes of petroleum products and reported a PBT of $37.54 billion, and the Government of India earned an excise duty of $232.53 billion and tax of $10.68 billion.
It is one of the seven Maharatna status companies of India,
National leadership Strong Environment conscience National role in oil security & public distribution.
To serve the national interest in the oil and related sector in accordance and consistent with government policies.
To earn a reasonable rate of interest on investment.
To maximize utilization of existing facilities in order to improve efficiency and increase productivity.
To minimize fuel consumption in refineries and stock losses in operations to affect energy conservation.
Care
Innovation
Passion
Trust.
Indane Gas
Auto Gas
Natural Gas
Petrol/Gasoline
Diesel/Gas oil
ATF/Jet Fuel
SERVO lubricants & greases
Marine Fuels & Lubricants
Kerosene
Bulk/Industrial Fuels
Bitumen
Petrochemicals
Special Products
Crude Oil
“IndianOil, through its Corporate Social Responsibility initiatives, shall strive to
enrich the quality of life in different segments of the society.”
Meet stakeholders’ aspirations for value creation and grow along with the society.
Ensure a safe & healthy working environment.
Incorporate environmental and social considerations in business decisions.
Earn stakeholders’ goodwill and build a reputation as a responsible corporate citizen.
Conduct business with ethics and transparency & follow responsible business practices
IndianOil Sachal Swasthya Seva (ISSS)
Swarna Jayanti Samudaik Hospital, Mathura
Assam Oil School of Nursing (AOSN), Digboi
IndianOil Education Scholarship Scheme
IndianOil Sports Scholarship Scheme
MoU with TATA Medical Centre Trust
LPG Scheme of Government of India
Help for Flood/Cyclone affected people in Uttarakhand & Odisha
Shikshak Dakshyata Vikas Abhiyan
Sarve Santu Niramaya
Drinking water projects near Guwahati
IndianOil Foundation (IOF)
National Calamities : 35%
Donations : 5%
Community Development: 30%
Indian Oil Scholarships: 20%
Other activities: 10%
o 'Navshakthi Sanman Sandhya' CSR Award on Oct-14 by Free Press Journal, Mumbai
o PSE Excellence Awards in CSR (Amongst Maharatnas & Navratnas) on Dec-14 by Indian Chambers of Commerce, Kolkata
o Public Relations Society of India (PRSI) National Awards on Dec-14 36th by All India Public Relations Conference, PRSI, Jaipur
Company providing only 2% of its profit for CSR
CSR allows businesses to project positive image by doing very little.
the level of publicity associated with the concept of CSR creates an impression that the majority of businesses are seriously engaged in CSR-related activities, whereas the reality is quite different.
CSR activities engaged in by some businesses contradict with their actual business practices and tendencies of their businesses.
the influence of large businesses and multinational corporations increases in society with their active engagement in CSR issues.
With safety and health environment protection high on its corporate agenda, IndianOil is committed to conducting business with a strong environment conscience, so as to ensure sustainable development, safe work place and enrichment of the quality of its employees, customers and the community