Indian Oil Corporation Limited

Indian Oil Corporation Limited (IOCL) or Indian Oil is an Indian government-owned oil and gas corporation. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India headquartered in New Delhi. The company was founded on 30 June 1959.

Indian Oil’s business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, and marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals. Indian Oil has ventured into alternative energy and globalisation of downstream operations. It operates through the following business segments: Petroleum Products, Petro-Chemicals, and Other Businesses. The Other Businesses segment covers the sale of gas, explosives, and cryogenics; wins mill and solar power generation; and oil and gas exploration activities.

Indian Oil’s ‘Vision with Values’ encompasses the Corporation’s new aspirations – to broaden its horizons, to expand across new vistas, and to infuse new-age dynamism among its employees. Their Vision is infused with the core values of Care, Innovation, Passion and Trust, which embody the collective conscience of the company and its people, and have helped it to grow and achieve new heights of success year after year.

Indian Oil’s key Corporate Social Responsibility thrust areas include ‘Safe drinking water and protection of water resources’, ‘Healthcare and sanitation’, ‘Education and employment-enhancing vocational skills’, ‘Empowerment of women and socially/economically backward groups’, etc.

Their shareholding pattern consists of Promoters and Promoter Group having 51.50% of shares, Public having 29.31% shares, Government having 0.11% following by FII’s having 6.70% shares and DII’s with 12.37% shares.