All about Indian OIl Corporation Limited, from the founding to the presnt date of 8th November 2019.
The history, share holders and patterns, products, services, and special products, balance sheet, income statement / profit & loss, and additional information.
4. Nature of Business and Industry Segment
Indian Oil Corporation Ltd (IOCL) is India's flagship national
oil company with business interests straddling the entire
hydrocarbon value chain - from refining, pipeline transportation and
marketing of petroleum products to exploration & production of
crude oil & gas, marketing of natural gas and petrochemicals.
Sector: REFINERIES
5. History
Year Milestone
1958 Indian Refineries established on 22nd August with Mr. Feroz Shah Gandhi as Chairman
1959 Indian Oil Company Ltd. Incorporated on 30th June with Mr.S.Nijalingappa as Chairman
1962 Guwahati and Barauni refinery are inaugurated along with First petrol/diesel station in
Gujarat.
1963 Indian Oil Blending Ltd. (IOBL) formed as a 50:50 joint venture with Mobil Petroleum of
USA for import/manufacture of lubricants.
1964 Indian Refineries Ltd. Merged with Indian Oil Company Ltd. On 1st Sept and company
renamed as Indian Oil Corporation Limited & First petroleum pipeline is commissioned
& Entered the aviation sector.
1965 ‘Indane' brand LPG launched for the first time in the country at Kolkata.
1972 SERVO, the first indigenous lubricant, launched
1977 Fuel-efficient Nutan kerosene wick stove launched by R&D Centre.
6. History
Year Milestone
1981 Assam Oil Company is merged into IOCL.
1995 Listed in BSE and Institute of Petroleum Management inaugurated in Gurgaon.
1999 Vision and Mission statements adopted and continuously supported Indian Army
during Kargil War.
2008 & 2009 IOCL chairman elected as President of world LPG and new vision with values
adopted.
2010 Awarded ‘MAHARATNA’ status by Government of INDIA
2016 Signed agreement with Tass-Yuriakh Oil Refinery
2018 The company approves buyback worth Rs 4,435 crore (US$ 634.57 million)
Remains the country's most profitable state-run company for second year in a
row
7. Company
VISION
A major, diversified, transnational,
integrated energy company, with national
leadership and a strong environment
conscience, playing a national role in oil
security & public distribution
Values: Care Innovation Passion Trust
8. Company MISSION
To achieve international standards of excellence in all aspects of energy and diversified business with
focus on customer delight through value of products and services, and cost reduction
To maximize creation of wealth, value and satisfaction for the stakeholders
To attain leadership in developing, adopting and assimilating state of-the-art technology for
competitive advantage
To provide technology and services through sustained Research and Development
To foster a culture of participation and innovation for employee growth and contribution
To cultivate high standards of business ethics and Total Quality Management for a strong corporate identity and
brand equity
To help enrich the quality of life of the community and preserve ecological balance and heritage through a strong
environment conscience
9. Brief summary on Chairman Note
Indian oil registered highest turnover of over Rs.6 lakh crore for the year and earned a profit of
Rs.16,894crore
All the 27,700 fuel stations of our retail network have been fully automated.
With 116 aviation fuel stations, IndainOil aviation continued to lead rapidly growing market with
60% share.
“ The global energy eco system today is being impacted by multiple factors.
Impact from emerging technologies like EVs and renewable energy forms is
likely, though may not be of immediate concern in India.”
11. Stocks as on 8th November 2019
BSE: 530965
NSE: IOC
ISIN: INE242A01010
Dividend: 92.50%
P/E: 11.54
Market Capital: 126,714.58 (Rs Cr.)
Face Value: Rs.10.00
12. Share Holding as on 6th November 2019
52%
7%
7%
9%
27%
0%
Promoter
MF
FII
Other Institutions
Individual
Others
14. IOCL Subsidiaries
Indian Subsidiaries
Chennai Petroleum Corporation
Limited
Indian Catalyst Private Limited
Foreign Subsidiaries
IndianOil (Mauritius) Ltd. Mauritius
Lanka IOC PLC,Sri Lanka
IOC Middle East FZE, UAE
IOC Sweden AB, Sweden
IOCL (USA) Inc., USA
IndOil Global B.V. Netherlands
IOCL Singapore Pte. Ltd.
23. Awards
Year Award Category
30/05/2018 Dun & Bradstreet Oil- Refining & Marketing
31/07/2018 Hindustan Ratna PSU awards Fastest Growing Maharatna
05/10/2018 IndiaChem Company of the Year
26/12/2018 Fortune India 500 No.1 Position (9th Time)
08/04/2019 AIMA Managing India Awards Outstanding PSU of the Year
04/06/2019 Innovative Practice Awards 1st Amongst PSUs
26/06/2019 Reader’s Digest Trusted Brands Most Trusted Fuel & Lubricant
25/07/2019 Fortune 500 Climbs 20 Positions to rank 117
24. Corporate
Social
Responsibility
IndianOil VIDUSHI centers opened at Bhubaneshwar
and Noida last year to offer free coaching to young
girls from under privileged families has been a big
success.
IndianOil support towards Swachh Bharat Abhiyan.
During the Swachhta Pakhwada in July 2019, teams
from various locations helped clean and rejuvenate
over 35 water bodies across the country.
IndianOil’s countrywide network has always ensured
that vital petroleum products reach remote locations
for undertaking relief & rescue operations. Recently
too, IndianOil team toiled to maintain supply line in
the flood affected area states of Maharashtra,
Gujarat, Kerala and Andhra Pradesh an d to ensure
timely fuel supplies to flood relief agencies.
25. Strengths
Indian Oil has petroleum
products, fuels,
lubricants,
petrochemicals etc
Huge distribution
network through
retailing makes Indian
Oil a popular brand
name
IOCL's pipeline in India
spans more than
11,000km making it one
of the largest globally
Strong branding and
marketing exercises
through TVC,
sponsorships, print,
online ads etc. make
Indian Oil a top brand
26. Weakness Opportunities Threat
1. High attrition rate in work
force.
2.Bureaucracy affects the
operations of a government
controlled company like
IOCL
1. IOCL can tap on increasing
demand and higher fuel/oil
prices
2. Increasing natural gas
market for industries and
transportation
3. Global expansion with tie-
ups with international oil
companies
4. Acquisition of smaller
companies can further
strengthen the position of IOCL
1. Government
regulations can slow
down business
2. High Competition
means limited market
share for IOCL
3. NGOs and
environment focused
companies can be an
obstacle in business
27. Additional Information
◦ Human Capital:
33,498 workforce with 8.56% women in workforce
◦ Intellectual:
Total active patents: 790 and Rs. 437.34crore as R&D expenditure
◦ Natural Capital:
388GWh renewable energy generated during 2018-19
◦ Partner Institutes:
IIMA,IIMB,IIMC,IIMI,IIMK,IIML,IIMS,XLRI & TISS