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Indian Oil Corporation

Indian Oil Corporation
Company nameSoumik Lahiri
Company typeState-owned enterprise
public company
SloganBringing Energy to Life
IndustryOil and Gas
Headquarterspune, India
Key peopleRanbir Singh Butola (Chairman)
Natural gas
Revenue331893.78 Crore (2010)
Operating incomeUS$ 3.74 billion (2010)
Net income(+) US$ 2.44 billion (2010)
Total assetsUS$ 34.36 billion (2010)
Total equityUS$ 12.05 billion (2010)
Employees34,363 (2010)

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Indian Oil Corporation Limited, or IndianOil, (BSE - 530965, NSE - IOC) is an Indian state-owned oil and gas company with its Registered Office at Mumbai, India. It is India’s largest commercial enterprise, ranked 98th on the Fortune Global 500 list for 2011. IndianOil 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 IndianOil 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.

IndianOil operates the largest and the widest network of fuel stations in the country, numbering about 19,463 (15,946 regular ROs & 3,517 Kissan Sewa Kendra). It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 62.4 million households through a network of 5,456 Indian distributors. In addition, IndianOil's Research and Development Center (R&D) 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.

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