Indian Oil Corporation Limited (IndianOil) is India's largest national oil company, ranked 88th in the Fortune Global 500. It has business interests across the hydrocarbon value chain, including exploration and production, refining, transportation, and marketing of petroleum products, natural gas, and petrochemicals. IndianOil owns and operates 10 of India's 22 refineries and has the largest pipeline network in the country. It serves all of India with its vast network of fuel stations, LPG distribution, and other infrastructure to meet India's energy demands. IndianOil also engages in research and development and has international operations and subsidiaries.

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Profile
Indian Oil Corporation Limited is the country’s flagship national oil company, with
business interests straddling the entire hydrocarbon value chain – exploration & production of
crude oil & gas, refining, pipeline transportation and marketing of petroleum products,
natural gas and petrochemicals. Ranked at 88th position in the year 2013, it is the highest
ranked Indian corporate in the prestigious Fortune ‘Global 500’ listing. IndianOil and its
subsidiaries enjoy a dominant shares of national refining capacity, pipeline capacity in the
downstream sector and petroleum products’ market. IndianOil’s strong workforce of over
34,000 employees has been instrumental in meeting India’s energy demands for more than
five decades now. At IndianOil, operations are strategically structured along the verticals -
Refineries, Pipelines, Marketing, R&D Centre and Business Development - E&P,
Petrochemicals and Natural Gas. IndianOil and its subsidiaries own and operate 10 of India’s
22 refineries and its cross-country network of over 11,000 kms of crude oil, product and gas
pipelines is the largest in the country, meeting the vital energy needs of consumers in an
efficient and environment-friendly manner. The Corporation caters to the rural market
through its indigenous Kisan Seva Kendra retail outlets. IndianOil serves every nook and
corner of the country, every hour of the day, with countrywide supply network, backed by
bulk storage terminals and depots, aviation fuel stations and LPGasbottling plants.
Almost every second household in India. Is fuelled through Indane LPGas, through its vast
network of retail distributors. A large network of consumer pumps is also in operation for the
convenience of bulk consumers, ensuring products and inventory at their doorstep. The
Corporation has a portfolio of powerful and much-loved energy brands that include Indane
LPGas, SERVO lubricants, PROPEL petrochemicals and the likes. IndianOil’s ISO-9002
certified Aviation Service commands an enviable market share in the aviation fuel business
and successfully services the demands of the Indian Defence Service, domestic and
international flag carriers as well as private airlines. The Corporation also enjoys a major
share of the fuel needs of the bulk consumer, industrial, agricultural and marine sectors. To
maintain its position as a market leader and to provide the best quality products and services,
IndianOil is presently investing in a multitude of projects for augmentation of refining,
pipelines and petrochemicals capacities, expansion of marketing infrastructure and product
quality up gradation. IndianOil’s world-class R&D Centre is a pioneer in lubricants
formulation, refinery processes, pipeline transportation and alternative fuels. This nodal
agency of the Indian hydrocarbon sector has been instrumental in ushering in research on
Hydrogen fuel in the country. DHDT technology, Light Naptha Isomerization technology,
INDMAX technology (for maximizing LPGas yield), INDAdeptG, Oilivorous bio-
remediation technology (extended to marine applications too), IndianOil.
Diesel Hydro DeSulphurisation(DHDS) catalyst, a special Indicat catalyst for Bharat Stage –
IV compliant Diesel, IndVi catalyst for improved distillate and FCC throughput, and
adsorbent based deep sulphurisation process for gasoline and diesel streams are some of the
in-house technologies and catalysts developed by IndianOil. Having set up subsidiaries in Sri
Lanka, Mauritius, United Arab Emirates (UAE), Sweden and USA IndianOil is
simultaneously scouting for new business opportunities in the energy markets of Asia and
Africa. IndianOil has been pursuing exploration and production (E&P) activities in
collaboration with consortium partners. The Corporation’s domestic portfolio includes 13
blocks, out of which in two blocks, IndianOil is having 100% participating interest as an
operator. The overseas portfolio consists of 10 blocks spread across Libya, Iran, Gabon,
Nigeria, Yemen & Venezuela. Natural Gas Business is a thrust area for IndianOil with focus
on marketing, import, transportation & infrastructure development. IndianOil has marketing
rights for 30% of the LNG procured by Petronet LNG Limited for its Dahej Terminal &

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upcoming Kochi Terminal. IndianOil is setting up a 5 MMTPA LNG regassificiation terminal
ofits own at Ennore. The Corporation has presence in City Gas Distribution through its JV
company, Green Gas Ltd and is in two joint ventures with other state run oil & gas marketing
companies to set up laying three cross country gas pipelines. The Corporation has forayed
into alternative energy options such as wind, solar, bio-fuels and nuclear power. A wind
power project is operational in Gujarat and underway in Andhra Pradesh and the solar power
initiative is being spearheaded on a pilot basis in Jodhpur, Rajasthan. The Bio Energy
Research Centre has commissioned the first integrated lignocellulosic Biomass to Ethanol
pilot plant in India for conversion of biomass to Ethanol. IndianOil has a concerted social
responsibility programme to partner communities for health, family welfare, education,
environment and cultural heritage protection. The Corporation has always been at the
forefront during national emergencies stepping in to provide assistance and relief &
rehabilitation as well as maintaining an uninterrupted supply of petroleum products.
IndianOil has successfully combined its corporate social responsibility with its business
offerings, meeting the energy demands of millions of people every day, across the length and
breadth of the country.
Introduction
Indian Oil Corporation Limited/Indian Oil –
is an Indian state-owned oil and gas corporation with its headquarters in New Delhi,
India. It is the world's 88th largest corporation, according to the Fortune Global 500 list, and
the largest public corporation in India when ranked by revenue.
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. 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.
The company is mainly controlled by Government of India which owns approximately 79%
shares in the company. It is one of the seven Maharatna status companies of India, apart
from Coal India Limited, NTPC Limited, Oil and Natural Gas Corporation, Steel Authority of
India Limited, Bharat Heavy Electricals Limited and Gas Authority of India Limited.
Contents
History
IndianOil began operations in 1958 as Indian Oil Company Ltd. The Indian Oil Corporation
was formed in 1964, with the merger of Indian Refineries Ltd.
Recently IndianOil Corp (IOC) has raised $500 million by selling 10-year dollar-
denominated bonds, its fourth such issue overseas in the last three and a half years.
In 2003, its Gujarat Refinery was awarded the "Best of all" Rajiv Gandhi National Quality
Award.
Products and services
IndianOil service station in Raxaul,Bihar

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The main products of IndianOil are petrol, diesel,LPG,autoLPG,aviationturbine fuel,lubricantsand
petrochemicals:naphtha, bitumen,kerosene etc.
IndianOil operates the largest and the widest network of fuel stations in the country,
numbering about 20,575 (16,350 regular ROs & 4,225 Kisan Seva Kendra). It has also started
Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 66.8 million
households through a network of 5,934 Indane distributors.
Brands:
 Indane Gas - Domestic and Industrial Gas
 AutoGas - Automotive Natural Gas
 Xtra Premium - Automotive Premium Petrol
 Xtra Mile - Automotive Premium Diesel
 Servo - Lubricants and Greases
 Propel - Petrochemicals
 IndianOil Aviation - Aviation fuel
 LNG at Doorstep - LNG by cryogenic transportation
The main services offered by IndianOil are Refining, Marketing, Pipelines, R&D and
Training. 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.
Loyalty programs
XTRAPOWER Fleet Card Program is aimed at large fleet operators. Currently it has 1
million customer base. XTRAREWARDS is a recently launched loyalty program for retail
customers where customers can earn reward points on their purchases.
Operations
Indian Oil truck carrying fuel across the Himalayas
Indian Oil truck at North Pullu, entrance to Nubra Valley,Ladakh. 2010
Refineries
IOCL has various refineries across India.

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In Assam
 Digboi Refinery is India's oldest refinery and was commissioned in 1901. Originally a
part of Assam Oil Company, it became part of IndianOil in 1981. Its original refining
capacity had been 0.5 MMTPA since 1901. Modernisation project of this refinery was
completed by 1996 and the refinery now has an enhanced capacity of 0.65 MMTPA.
UOP licensed the technology for the Coking process in this refinery.
 Guwahati Refinery, the first public sector refinery of the country, was built with
Romanian collaboration and was inaugurated on 1 January 1962. Its capacity is 1
MMTPA.
 Bongaigaon Refinery became the eighth refinery of IndianOil after merger of
Bongaigaon Refinery & Petrochemicals Limited w.e.f. 25 March 2009. It is located at
Dhaligaon in Chirang district of Assam, 200 km west of Guwahati.
In Bihar: Barauni Refinery, in Bihar, was built in collaboration with Russia and Romania. It
was commissioned in 1964 with a capacity of 1 MMTPA. Its current capacity is 6 MMTPA.
In Gujarat: Gujarat Refinery, at Koyali (near Vadodara) in Gujarat, is IndianOil’s second
largest refinery. The refinery was commissioned in 1965. It also houses the first
hydrocracking unit of the country. Its present capacity is 13.70 MMTPA.
In West Bengal: Haldia Refinery is the only coastal refinery of the Corporation, situated
136 km downstream of Kolkata in the Purba Medinipur (East Midnapore) district. It was
commissioned in 1975 with a capacity of 2.5 MMTPA, which has since been increased to 7.5
MMTPA.
In Uttar Pradesh: Mathura Refinery was commissioned in 1982 as the sixth refinery in the
fold of IndianOil and with an original capacity of 6.0 MMTPA. Located strategically between
Delhi and Agra, the capacity of Mathura refinery has been increased to 8.8 MMTPA.
In Haryana: Panipat Refinery is the seventh and largest refinery of IndianOil. The original
refinery with 6 MMTPA capacity was built and commissioned in 1998. Panipat Refinery has
since expanded its refining capacity to 12 MMTPA. There are plans to further expand the
capacity to 21 MMTPA.
In Odisha (Orissa): Paradip Refinery - The commissioning of 15 million tonnes per annum
refinery in November 2012 has been delayed and is now expected to be operational only in
June 2015.
Group companies and joint ventures
 IndianOil (Mauritius) Ltd.

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 Lanka IOC PLC – Group company for retail and storage operations in Sri Lanka. It is
listed in the Colombo Stock Exchange. It was locked into a bitter subsidy payment
dispute with Sri Lanka's Government which has since been resolved.
 IOC Middle East FZE
 Chennai Petroleum Corporation Limited
 Green Gas Ltd. – a joint venture with Gas Authority of India Ltd. for city-wide gas
distribution networks.
 Indo Cat Pvt. Ltd., with Intercat, USA, for manufacturing 15,000 tonnes per annum of
FCC (fluidised catalytic cracking) catalysts & additives in India.
 IndianOil – CREDA Biofuels Ltd., a joint venture with Chhattisgarh government for
production and marketing of Bio-fuels.
 Numerous exploration and production ventures with Oil India Ltd., Oil and Natural Gas
Corporation
 India Synthetic Rubber Ltd - A joint venture between IOCL, Taiwan Synthetic Rubber
Corporation(Taiwan) and Marubeni(Japan)
 Petronas (Malaysia) Ltd
International rankings
 IndianOil is the highest ranked Indian company in the Fortune Global 500 listing, at the
88th position in 2013. It is also the 18th largest petroleum company in the world and the
No. 1 petroleum trading company among the national oil companies in the Asia-Pacific
region.
 IOCL was featured on the 2011 Forbes Global 2000 at position 243.
 It is the fifth most valued brand in India according to an annual survey conducted
by Brand Finance and The Economic Times in 2010.
Employees
As on 31 March 2013, the company had 34,084 employees, out of which 2643 were
women (7.8%). Its workforce includes 14,981 officers. The attrition rate in IndianOil is
around 1.5%.The company incurred INR 78 billion on employee benefits during the FY
2012-13.
Concerns
Indian Oil Corporation Limited, by virtue of being the largest Public sector Oil company has
borne the largest share of subsidy burden due to Govt. restriction on Pricing of common fuels
like Diesel Oil, Kerosene and LPG.

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The current formula of making the marketing company share 1/3rd of the subsidy burden (
the up stream and the Government share the rest equally) forces the corporation to cross
subsidize price regulated fuels with other fuels that are not regulated like Gasoline, Fuel oil,
Aviation Turbine Fuel and Lubricants. This has rendered the corporation's fuels and
Lubricant segments uncompetitive with respect to private marketeers who are delving into the
open priced fuel/ Lubricants markets in an aggressive way.
The subsidy burden which went over Rs. 300 Billion in 2011 has thereby handicapped the
public sector oil companies as a whole and IndianOil in particular, by virtue of its large share
of the energy market.
IndianOil has tried to come out of the disadvantageous position it finds itself vis-a-vis the
private companies like Total Oil India Limited and Reliance Industries, by taking the fight to
newer sectors where private players are dominant like Petrochemicals and Alternative Fuels.
Petrochemicals is IndianOil's most profitable revenue division currently and massive
investments in the recent years have been made in Petrochemical complexes at Panipat
refinery and the upcoming Paradip refinery.
Despite substantial well directed efforts, the corporation still faces significant challenges in
maintaining its current dominance once the imminent free pricing is introduced, although the
corporation's vast infrastructure shall also play to its advantage in such a scenario.
Listing and shareholding
IndianOil's equity shares are listed on the Bombay Stock Exchange and National Stock
Exchange of India.
As on 31 December 2013, the promoters Government of India held approx. 79% of the shares
in IndianOil. ONGC held approx. 9% of the shares. Remaining 12% of the shares are held by
others.
Shareholders (as on 31-Dec-2013) Shareholding
Promoter Group (Government of India) 78.92%
private single body 20.13%
Insurance Companies 01.50%
Individual shareholders 0.83%

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Trusts 0.42%
Foreign Institutional Investors (FII) 0.13%
Others 0.07%
Total 100.0%
Competitors
Indian Oil Corporation has two major domestic competitors, Bharat Petroleum and Hindustan
Petroleum. Both are state-controlled, like Indian Oil Corporation. There are two private
competitors: Reliance Industries and Essar Oil.
Oil Industry Development Board
India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels
(5,950,000 m3), enough for two weeks of consumption. Petroleum stocks have been
transferred from the Indian Oil Corporation (IndianOil) to the Oil Industry Development
Board (OIDB). The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL)
to serve as the controlling government agency for the strategic reserve.
Profile of Chairman
B. Ashok Chairman, IndianOil
Mr. B. Ashok took over as Chairman, Indian Oil Corporation Ltd., the Fortune 'Global 500' li
sted,national oil major with effect from July 16, 2014.
He joined IndianOil in 1981 after a brief stint_of
2 years in the private sector and has over 33 years of expertise in the Oil and Gas domain.
M.Ashok has a very wide experience in various roles of the Marketing Division and has also
be na harbinger of the Business Development activities at its Corporate Headquarters.

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Having_global exposure, he also has headed the overseas business of IndianOil in South-East
Asia_based at Kuala Lumpur, Malaysia and recently on Board of Lanka IOC, wherein he con
tributed_to its turnaround as a profitable venture which declared maiden dividend to its share
holders.A Mechanical Engineer from the College of Engineering, Madras University with
a PostGraduate Management diploma from the prestigious National Management Programme
of_Management Development Institute, Gurgaon, Mr. Ashok has served in many vital positio
ns atIndianOil. As Retail Sales head, he managed an over 23000 strong retail network, contri
buting_to nearly 55% of the volumes. Being the State Head in two major States, he handled t
he_complete business portfolio besides acting as the Coordinator for the entire industry. He h
as_been a Divisional Head besides long and successful stints in Lubes & Technical Services i
n the field, as well as at the Head Office level.
Several technological innovations in the retail business including launch of the mobile
application MPower for field officers, the first for any retail industry in the country; XSparsh,
an_application for dealers and XSnehash, an application for customers were initiated by him
eCTS,the electronic complaint monitoring system for dispensing units and the ‘Retail Dashbo
ard’ for_database management were launched during his tenure. With his customer-centric ap
proach,Mr. Ashok has been instrumental in several long-lasting partnerships with industrial a
nd other_customers. He has always insisted on following the win-win and ethical approach to
business._He has been in leadership and policy formulation positions in the organization for s
everal years_and has established many benchmarks for the industry as well. Some of the key i
nitiatives include, innovation of pilfer-proof locks for tank-trucks transporting petroleum
products to_prevent theft and adulteration which later became established as an industry nor
m, setting up of_the State Auto LPG Dispensing Stations to promote the use of more economi
cal and_Less_polluting gaseous fuel. He has shaped innumerable policy changes in Retail an
d Business_Development areas that eased business practices, improved clarity and promoted t
ransparency. Mr. Ashok has also headed Corporate Communications during his
comprehensive career_contour in IndianOil. Having also been a Training & Development per
son, his Passion for_human development resulted in formulation of high impact training and
development initiatives.
The launch of 'Project Chetna' during his tenure as a Retail Head focused on upgrading skills,
responsiveness and behaviour of the public facing 'Customer Attendants' at the retail outlets.
This has galvanized field teams to bring about perceptible changes in service levels across the
network chain on a massive scale.
Mr. Ashok is known for his transformational as well as People focussed leadership. In his
various roles, he has been able to energize entire teams to perform and deliver results through
positive engagement and shared vision. He has been one of the key resource persons in
evolving the ‘Corporate Vision’ for the organization both in the year 1999 as well as in 2009.
Under his leadership, several HR initiatives were taken and innovative policies worked out in
areas relating to Promotion Policy, Recruitment at Ao level, Organizational Restructuring and
modification of the Electronic Performance Management System.
An avid reader, musician and a sports enthusiast, Mr. Ashok has eclectic interests and passion
for multiple facets of life.

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Board of Directors

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Chief Vigilance Officer Advisor (Security)
Company Secretary
Executive Directors (Corporate Office)
N K Gupta Optimisation
S Mitra Petrochemicals
R Khanna Internal Audit
Lee Bee Sen Human Resources & CSR
Rajiv Chawla Information Systems
A Kapoor Corporate Communication
Rajiv Bahl Finance & Treasury
G K Satish Gas
P K Singh Anti-Adulteration Cell
Amita Singh (Ms) Pricing
S Mukherjee IiPM
R K Mittal Exploration & Production
Biswajit Roy Human Resources
Development
Deepak Dhawan LawExecutive Directors
(Refineries Division)S Ganguli
(In-Charge) Mathura Refinery
T K Basak (In-Charge) Panipat Refinery
S K Jha Barauni Refinery
P Dey IMA, Haldia
Narinder Kumar Projects
A K Chowdhury Human Resources
Ramjee Ram (In-Charge) Projects -
PDRP Site

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A C Mishra Haldia Refinery
Vijay Prakash Panipat Refinery
S P S Jolly Health, Safety & Environment
S K Singhal Materials & Contracts
K Bora Assam Oil Division
S K Dhargupta Gujarat Refinery
V K Shukla Core Group, PDRP
Sanjib Kumar Technical, Mathura Refinery
Executive Directors
(Pipelines Division)
J P Ojha Northern Region Pipelines, Panipat
V K Khurana (In-Charge), Projects, PLHO
B D Yadav Western Region Pipelines, Guaridad
A S Malik Construction, PRRPL Bhubaneswar
A Anbezhil Southern Region Pipelines, Chennai
J Pradhan Human Resources
H P Sahi Eastern Region Pipelines, Kolkata
Executive Directors (Marketing Division)
S C Meshram Consumer Sales
H S Bedi (In-Charge) Human Resources
S S Bapat CC & Branding
A K Digar Health, Safety & Environment
S Balasubramanian Operations
A N Jha LP
P M Nazirudeen Coordination, Planning & Quality Control
Indrajit Bose Retail Sales
P Rajendran Lubes
G Ramkumar Automation
S S Mishra Delhi State Office
U V Mannur Tamil Nadu State Office
B S Canth Andhra Pradesh State office
Ashok Sen Regional Services, Western Region
K Venkataramana Finance
T S Khwaja Aviation
M R Karandikar Supplies
B S Giridhar Projects & Engineering
Pranab Kumar Das Punjab State Office
Y K Gupta West Bengal State Office
Gurmeet Singh Rajasthan State Office
P Madhava Mohan Pricing Executive Directors (R&D Centre)
B P Das Incharge, R&D Centre
G Murali Finance
R Suresh Lube Technology

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Past Board Of Directors

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State Offices
Major Units
Registered Office
Registered Office IndianOil Bhavan, G-9, Ali Yavar Jung Marg,
Bandra (East), Mumbai -400 051
Corporate Office
Refineries Division Head Office SCOPE Complex, Core-2 7,

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Institutional Area, Lodhi Road
New Delhi -110003
Barauni Refinery P.O. Barauni Refinery,
Dist. Begusarai -861 114 (Bihar)
Gujarat Refinery P.O. Jawahar Nagar, Dist.
Vadodara -391 320(Gujarat)
Guwahati Refinery P.O. Noonmati, Guwahati-781020
(Assam)
Haldia Refinery P.O. Haldia Refinery Dist.
Midnapur-721 606 (West Bengal)
Mathura Refinery P.O. Mathura Refinery,
Mathura -281 005 (Uttar Pradesh)
Panipat Refinery P.O. Panipat Refinery,
Panipat-132140(Haryana)
Bongaigaon Refinery P.O. Dhaligaon, Dist. Chirang,
Assam - 783 385
Pipelines Division Head Office A-1 Udyog Marg,
Sector-1, Noida-201301(Uttar Pradesh)
Northern Region P.O. Panipat Refinery
Panipat -132 140 (Haryana)
Western Region P.O. Box 1007,Bedipara,Morvi Road,
Gauridad, Rajkot-360 003 (Gujarat)
Southern Region 139, Nungambakkam High Road
Chennai - 600034
Eastern Region 14, Lee Road, Kolkata-700020
Marketing Division Head Office IndianOil Bhavan,
G-9, Ali Yavar Jung Marg, Bandra
(East), Mumbai -400 051
Northern Region IndianOil Bhavan, 1, Aurobindo Marg,
Yusuf Sarai New Delhi -110016
Eastern Region IndianOil Bhavan, 2, Gariahat Road,
South (Dhakuria) Kolkata -700 068
Western Region IndianOil Bhavan, Plot No. 33,
G Block Bandra Kurla Complex,
Bandra East, Mumbai - 400051
Southern Region IndianOil Bhavan 139, Nungambakkam
High Road Chennai -600034
R&D Centre R&D Centre Sector 13
Faridabad -121 007 (Haryana)
Assam Oil Division Assam Oil Division P.O.
Digboi -768 171 (Assam)
IBP Division IBP Division 34-A, Nirmal Chandra Street,
Kolkata - 700 013
Group Companies Chennai Petroleum Corporation Ltd.

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536, Anna Salai, Teynampet,
Chennai - 600 018
IndianOil (Mauritius) Ltd.
Mer Rouge Port Louis Maruritius
Lanka IOC PLC Lanka IOC Head Office Level 20,
West Tower, World Trade Center,
Echelon Square, Colombo - 01,
Sri Lanka.
IOC Middle East FZE LOB- 14 329,
Jebel Ali Free Zone, P.O.Box: 261338
IndianOil -CREDA Biofuels Limited Ground floor, Chawla Towers,
Shankar Nagar, Raipur Chhattisgarh
Major Projects
IndianOil continues to lay emphasis on infrastructure development. Towards this end, a
number of schemes have been initiated with increasing emphasis on project execution in
compressed schedules as per world benchmarking standards. Schemes for improvement
and increased profitability through debottlenecking / modifications /
introduction of value added products are being taken up in addition to grassroots
facilities. Project systems have been streamlined in line with ISO standards.

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Refining
 Owns and operates 10 of India's 22 refineries
 Over 100% Capacity utilisation for the sixth consecutive year
 Clocked lowest overall specific energy consumption
 Best distillate yield of 78.1 wt% achieved
 Combined refining capacity of 65.7 MMTPA
 Combined refining capacity of 1.30 million barrels per day
 IndianOil and its subsidiaries enjoy a dominant share of national refining capacity.
 IndianOil refineries have an ambitious growth plan with an outlay of about Rs.
55,000 crore
 During the year, global crude distillation capacity increased marginally by 0.26
mbpd to 92 mbpd following a 0.17 mbpd addition in 2011
 Presently, the Corporation is constructing a mega green-field coastal refinery project
in Paradip, Odisha. The 15 MMTPA refinery is slated for commissioning in 2013-14

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Profit & Loss

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Best Policy Of The Company From My Point Of View
Indian Oil Corporation Ltd.
Policy on Corporate Social Responsibility
 IndianOil envisions a greater societal role for itself to accomplish the cherished goal
of a truly developed India, where all sections of citizens live with dignity.
 IndianOil is committed to synergizing its present business practices and vision for the
future with sustainable development.
 IndianOil endeavours to abide by the principles of the United Nations Global
Compact Programme through our policies, processes, products, services and people.
 IndianOil commits to incur expenditure upto 2% of the Retained Profit of the previous
year towards corporate social responsibility every year, which would be utilized as
under:
1. 5% of the 2% of Net Profit of previous year to be allocated to Community Kitchen
Scheme.
2. 15% of the 2% of Net Profit of previous year to be allocated to Scheme for Free LPG
connections for BPL families under Rajiv Gandhi Gramin LPG Vitarak (RGGLV)
Scheme of Govt. of India
3. Rs.10.00 crore to be allocated to Indian Oil Foundation
4. Out of the Balance Funds available, 40% to be allocated to flagship IndianOil
programmes and balance 60% to be utilized as per the following break-up:
a. A minimum of 35% towards National Causes/Natural Calamities
b. 35% towards Community Development activities including Special
Component Plan and Tribal Sub Plan.
5. IndianOil Educational Scholarships of which 50% amount would be utilized towards
providing scholarships to the students belonging to SC/ST/OBC; 25% in each
category/subcategory towards girl child and 10% in each category/subcategory
towards Persons with Disabilities.
6. IndianOil Sports Scholarships
7. While utilizing the Community Development Funds, more emphasis should be laid on
the projects of providing Clean Drinking Water, Health & Medical Care and
Education to the extent possible.
8. Unutilized funds under any head may be re-allocated under other heads only on the
recommendation of CSR Committee and approval of the Board of Directors.
9. Unspent amount, if any, will be carried forward to the next year.

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Indian Oil Corporation Ltd.
Policy for Activities under Corporate Social Responsibility
(a.) Expenditure not exceeding 2% of the Retained Profit of the previous year can be
incurred towards corporate social responsibility every year. Unspent amount, if any,
will be carried forward to the next year. (This is against the ceiling of 0.75% of Net
Profit, which was in force hitherto).
The above amount is inclusive of the annual contribution of Rs.10.00 crore allocated
each year towards IndianOil Foundation (IOF) and 20% of 2% net profit of previous
year towards LPG Schemes i.e., Provision of Common LPG Kitchen facilities in
villages and release of new LPG connection to Below Poverty Line (BPL) families
under Rajiv Gandhi Gramin LPG Vitarak Yojana- RGGLV Yojana.
(b.)The donations/contributions and CD activities should be focused in specific target
areas to establish a corporate culture on the subject. As such, after paying/allocating
the annual contribution towards IndianOil Foundation and LPG Schemes, the
remaining amount would be utilized as per the following break-up:
1. A minimum of 35% towards national causes/natural calamities.
2. Amount not exceeding 5% towards donations/contributions.
3. 30% towards Community Development activities including
Special Component Plan and Tribal Sub Plan.
4. 30% towards IOC's scholarship, of which 50% amount would
be utilized towards providing scholarships to the students
belonging to weaker sections of society and 50% amount for
others.
(c.) While utilizing the Community Development Funds, more emphasis should be laid on
the projects of providing Clean Drinking Water, Health & Medical Care and
Education.

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23. Turn Over
Conclusion
The short term solvency of IOC is fine but that of BPCL is quite low. But no company
is touching the general standard of 2:1 of current ratio.
The quick ratio of firms are not good enough far away from the normal standard of
1:1.
So all the Liquidity Ratios indicate not well enough short term solvency/liquidity
position of the firm.
Bibliography
The Major documents required for this project was obtained from the following
sources.
1. Annual reports of IOCL
2. www.iocl.com
3. www.wikipedia.org.in
4. HR Of Indian Oil Hub,
Raxaul,East Champaran,Bihar