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indian oil corporation ltd (IOC) Details

Indian Oil Corporation Limited, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products in India. It is also involved in the exploration and production of crude oil and gas; and marketing of natural gas and petrochemicals. The company’s products include LPG, natural gas, petrol/gasoline, diesel/gas oil, aviation turbine fuel/jet fuel, lubricants and greases, marine fuels and lubricants, kerosene, bulk/industrial fuels, bitumen, petrochemicals, and crude oil. In addition, it offers special products, such as benzene, carbon black feed stock, food grade hexane, jute batching oil, micro crystalline wax, mineral turpentine oil, paraffin wax, propylene, raw petroleum coke, sulphur, and toluene. The company operates approximately 10 refineries; a network of 11,163 kilometers crude oil and product pipelines; 20,575 petrol and diesel stations, including 4,225 Kisan Seva Kendras in the rural markets; and 96 aviation fuel stations and 89 LPGas bottling plants, as well as serves approximately 2,764 markets through a network of 5,934 distributors. Indian Oil Corporation Limited’s exploration and production portfolio comprises 11 oil and gas blocks and 2 coal bed methane blocks in India; and 10 blocks in Libya, Iran, Gabon, Nigeria, Timor-Leste, and Yemen. Further, it engages in the sale of imported crude oil; explosives and cryogenic businesses; wind mill and solar power generation activities; lube blending and marketing of petroleum products; and plantation of Jatropha, and extraction of oil for bio-diesels. The company also exports its products to 19 countries. It serves consumer, industrial, agricultural, and marine, as well as domestic and international flag carriers, private airlines, and the Indian defense services sectors. The company was founded in 1959 and is based in New Delhi, India.

Founded in 1959

indian oil corporation ltd (IOC) Top Compensated Officers

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indian oil corporation ltd (IOC) Key Developments

Indian Oil Corporation Ltd Appoints Shri B. Ashok as Chairman

Indian Oil Corporation Ltd. announced that Shri B. Ashok has been appointed as Chairman of the Company with effect from July 16, 2014.

Indian Oil Corporation Limited Seeks Shareholders' Approval for Fixing Its Borrowing Limit at INR 1,100,000 Million as Well as for Raising INR 110,000 Million Through a Privately Placed Debenture Issue

Indian Oil Corporation Limited has sought shareholders' approval for fixing its borrowing limit at INR 1,100,000 million as well as for raising INR 110,000 million through a privately placed debenture issue in the current fiscal. The company plans to raise INR 110,000 million through redeemable non-convertible bonds/debentures this fiscal to meet its capital needs.

Indian Oil Corporation Limited Announces Board Changes

Indian Oil Corporation announced that A.M.K. Sinha, Director has been given the additional charge of Chairman, effective July 1, 2014, in addition to his existing duties. Rajkumar Ghosh, Director has superannuated from the services of the corporation on June 30, 2014 and therefore, ceased to be director of the corporation. Sanjay Singh has been appointed as Director with effect from July 1, 2014.

 

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