Swot Analysis Of Indian Oil Corporation

1089 Words5 Pages
COMPANY PROFILE Indian Oil Corporation Ltd. (India) Company Description IOCL is involved in transporting, refining and marketing of petroleum products majorly in India. In addition to this, it also dwells in exploration & production of oil and gas and petrochemicals. The products include LPG, aviation turbine fuel, gasoline, petrochemicals and crude oil. It is 119th largest corporation, (Fortune Global List), and is the largest public owned corporation in India (revenue). Quote Chart The company was created in 1959 as Indian Oil Company Ltd. IOCL was formed in 1964 with the merger of Indian Refineries Ltd. The company's corporate office is based out of Delhi. Key Financials It is controlled by the Government of India. GOI owns around 58.6…show more content…
(India) Indian Oil Corporation Limited, popularly known as IndianOil, is an India’s state-owned oil & gas corporation. It has its headquarters in New Delhi. Its subsidiaries total to 50% share in the petroleum market, 30% share in refining capacity and 65% in sector pipelines capacity. It operates half of its 22 refineries with a cumulative refining capacity of 62 million metric tonnes per annum. In FY 2014 IOCL sold 76 million tonnes of petroleum products, and the GoI (Indian Government) derived an excise duty of ₹220 billion and tax of in excess of ₹10 billion. It is one of the Maharatna companies of India, in addition to ONGC, CIL, NTPC Ltd, SAIL, BHEL & GAIL. IndianOil is one of biggest player in the petrochemicals market domestically. It also exports to about 60 countries. A full mix of products are sold under the brand name “PROPEL”. The company made its entry into petrochemicals with the creation of India’s largest Linear Alkyl Benzene plant (used in the production of detergents) at its Koyali Refinery in November, 2004. Its PTA plant is the largest unit in India, with a global scale capacity of 5,60,000 MTPA, and it produces polyester…show more content…
It has commenced commercial operations. HPCL has signed a memorandum of understanding with The Rajasthan Government and has set up a Refinery there, and will be operated by HPCL-Rajasthan Refinery Limited. The company operates a large lube refinery in India that produces Lube Base Oils of high quality (capacity 335 TMT). The refinery is responsible for around 42% of India's total lube base oil production and currently HPCL makes over 330+ grades of lubes. The marketing network of HPCL is huge and presently it consists of 15 zonal offices in major cities and 108 regional offices centres equipped with a Supply and Distribution. So as to strengthen its core processes and increase its core competencies, the company has created big plans for diversification in the segments of increasing the energy demand. It is currently working in the Rewari Kanpur Product Pipe Line that has the objective to meet the transportation through the pipeline that is environment friendly and making its savings in the logistic supply. The total cost of the Project is expectd to be around 1500 Cr INR. and the project is assumed to be completed by November 2015. Yet another ambitious project is in Uran-Chakan / Shikrapur LPG Pipeline Project and its objective is to lessen the Bulk LPG Tanker Movements between Mumbai and

More about Swot Analysis Of Indian Oil Corporation

Open Document