{{Short description|Indian integrated energy company}} {{Use Indian English|date=September 2017}} {{Use dmy dates|date=September 2020}} {{Infobox company | name = Indian Oil | trade_name = Indian Oil | logo = Indian Oil Logo.svg | logo_size = 200px | type = Public | traded_as = {{ubl|{{BSE|530965}}|{{NSE|IOC}}}} | ISIN = {{ISIN|sl=n|pl=y|INE242A01010}} | industry = Energy: Oil and gas | founded = {{Start date and age|30 June 1959}} | location = {{plain list| * New Delhi, India (headquarters) * Mumbai, Maharashtra, India (registered office)}} | predecessor = {{plain list| * Indian Refineries Ltd. (1958) * Indian Oil Corporation (1959) }} | area_served = India, Sri Lanka, Middle East, Mauritius | key_people = Arvindar Singh Sahney, Chairman | products = {{ubl|LNG|Lubricants|Natural gas|Petrochemicals|Petroleum}} | revenue = {{Increase}} {{INRConvert|862876|c}} (2025)<ref name=10K>{{cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/f6d6b963-4126-465f-8f77-d6edb564c395.pdf|title=Indian Oil Corporation Ltd. Financial Statements|website=bseindia.com|access-date=30 April 2024|archive-date=30 April 2024|archive-url=https://web.archive.org/web/20240430091833/https://www.bseindia.com/xml-data/corpfiling/AttachLive/06d9a824-5a4e-4742-aaa5-6541e289a8e9.pdf|url-status=dead}}</ref> | operating_income = {{Decrease}} {{INRConvert|17063|c}} (2025)<ref name=10K/> | net_income = {{Decrease}} {{INRConvert|13789|c}} (2025)<ref name=10K/> | assets = {{Increase}} {{INRConvert|506867|c}} (2025)<ref name=10K/> | equity = {{Increase}} {{INRConvert|191025|c}} (2025)<ref name=10K/> | num_employees = 29,941 (2025) <ref name="employee count">https://iocl.com/download/SingleAnnualReport202425.pdf</ref> | divisions = {{plain list| * IndianOil (Mauritius) Limited * Lanka IOC PLC * IOC Middle East FZE }} | subsidiaries = * Indane (LPG) * Chennai Petroleum Corporation Limited *Petronet LNG | website = {{Official URL}} }}
'''Indian Oil Corporation Limited''' ('''IOCL'''), (d/b/a '''Indian Oil''') is an Indian multinational<ref>{{cite press release|quote=TEL AVIV, Israel, Feb. 14, 2024 /PRNewswire/ -- Phinergy (TASE: PNRG) - which develops metal-air technology that produces electricity by combining oxygen from the air with metals - is delighted to announce that multinational energy giant, Indian Oil Corporation, has completed its second round of investment in the company in the amount of $12.5 million.|url=https://www.prnewswire.com/in/news-releases/indian-oil-corporation-completes-second-round-of-investment-in-phinergy-bringing-its-holding-in-the-company-to-17-302061630.html|title=Indian Oil Corporation completes second round of investment in Phinergy, bringing its holding in the company to 17%|website=PR Newswire}}</ref><ref>{{cite web|quote=Indian Oil Corporation Ltd (IOCL), established in 1959 and headquartered in New Delhi, India, is a multinational that explores and produces petroleum products and is also a manufacturer of petrochemicals.|url=https://us.metoree.com/companies/191532/|title=Indian Oil Corporation Ltd - Company Profile and Products|website=Metoree}}</ref> oil and gas company under the ownership of the Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai and headquartered in New Delhi.<ref name="arpt2018">{{cite book |title=Annual report 2017-2018 |publisher=Indian Oil Corporation |location=Mumbai |url=https://rbidocs.rbi.org.in/rdocs/notification/PDFs/71APDIR030215.pdf |access-date=11 October 2018 |archive-url=https://web.archive.org/web/20161018140037/https://rbidocs.rbi.org.in/rdocs/Notification/PDFs/71APDIR030215.pdf |archive-date=18 October 2016 |url-status=live }}</ref> It is the largest government-owned oil producer<ref>{{Cite book |author1=Lee, Mordecai |author2=Neeley, Grant |author3=Stewart, Kendra B. |url=http://worldcat.org/oclc/1263816753 |title=The practice of government public relations |date=20 July 2021 |publisher=Routledge |isbn=978-1-000-39496-2 |oclc=1263816753 |access-date=8 May 2022 |archive-date=8 May 2022 |archive-url=https://web.archive.org/web/20220508103925/https://www.worldcat.org/oclc/1263816753 |url-status=live }}</ref> in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA.<ref>{{Cite web|url=https://iocl.com/MediaDetails/48582#:~:text=IndianOil%20in%20Media&text=India%20plans%20to%20raise%20its,government%20report%20said%20on%20Thursday.|title=India plans 77% rise in refining capacity by 2030}}</ref>
Indian Oil's business interests overlap the entire hydrocarbon value chain, including refining, pipeline, marketing of petroleum products, exploration and production of Petroleum, natural gas and petrochemicals.<ref>{{Cite web |last= |first= |title=IOC stock page. |url=https://www.reuters.com/finance/stocks/companyProfile/IOC.NS |access-date=17 September 2017 |website=Reuters |language=en-US}}</ref> Indian Oil has ventured into renewable energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),<ref>{{Cite web|url=https://www.iocl.com/AboutUs/GroupCompanies(LIOC).aspx|title=IndianOil Corporation {{!}} Lanka IOC PLC|website=www.iocl.com|access-date=17 September 2017|archive-url=https://web.archive.org/web/20170916142148/https://www.iocl.com/AboutUs/GroupCompanies(LIOC).aspx|archive-date=16 September 2017|url-status=live}}</ref> Mauritius (IndianOil (Mauritius) Ltd),<ref>{{Cite web|url=https://www.iocl.com/AboutUs/GroupCompanies(Mauritius).aspx|title=IndianOil Corporation {{!}} IndianOil (Mauritius) Ltd.|website=www.iocl.com|access-date=17 September 2017|archive-url=https://web.archive.org/web/20170916141726/https://www.iocl.com/AboutUs/GroupCompanies(Mauritius).aspx|archive-date=16 September 2017|url-status=live}}</ref> and the Middle East (IOC Middle East FZE).<ref>{{Cite web|url=https://www.iocl.com/AboutUs/GroupCompanies(MiddleEast).aspx|title=IndianOil Corporation {{!}} Group Companies|website=www.iocl.com|access-date=17 September 2017|archive-url=https://web.archive.org/web/20170916142400/https://www.iocl.com/AboutUs/GroupCompanies(MiddleEast).aspx|archive-date=16 September 2017|url-status=live}}</ref>
Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022.<ref name="fortune">{{cite news | url=https://fortune.com/company/indian-oil/global500/ | title=Fortune Global 500 list | access-date=10 August 2021 | archive-url=https://web.archive.org/web/20190807080136/https://fortune.com/global500/2019/ | archive-date=7 August 2019 | url-status=live }}</ref> As of 31 March 2021, Indian Oil has 31,648 employees, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women.<ref name=":0">{{Cite web|last=Annual Report 2020-21|title=Financial Performance : Oil and Energy News|url=https://iocl.com/pages/financial-performance-overview|access-date=2021-09-03|website=iocl.com|archive-date=3 September 2021|archive-url=https://web.archive.org/web/20210903125250/https://iocl.com/pages/financial-performance-overview|url-status=live}}</ref><ref>{{Cite web|title=Indian Oil Corporation Ltd Management Discussions|url=https://www.indiainfoline.com/company/indian-oil-corporation-ltd/management-discussions/12002|access-date=27 May 2021|website=IIFL Securities|archive-date=13 June 2021|archive-url=https://web.archive.org/web/20210613062703/https://www.indiainfoline.com/company/indian-oil-corporation-ltd/management-discussions/12002|url-status=live}}</ref><ref>{{cite web|title=Annual Report 2019-20|url=https://www.iocl.com/download/IndianOil-Annual-Report-2019-20.pdf|access-date=27 May 2021|website=IOC - official website|publisher=Indian oil corporation|archive-date=13 June 2021|archive-url=https://web.archive.org/web/20210613062710/https://iocl.com/download/IndianOil-Annual-Report-2019-20.pdf|url-status=live}}</ref>
== History == In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18.<ref>{{cite news |title=IOC most profitable PSU for 2nd yr in a row; displaces ONGC |url=https://www.indiatoday.in/pti-feed/story/ioc-most-profitable-psu-for-2nd-yr-in-a-row-displaces-ongc-1246700-2018-05-31 |publisher=India Today |date=31 May 2018 |access-date=31 May 2018 |archive-url=https://web.archive.org/web/20180606074512/https://www.indiatoday.in/pti-feed/story/ioc-most-profitable-psu-for-2nd-yr-in-a-row-displaces-ongc-1246700-2018-05-31 |archive-date=6 June 2018 |url-status=live }}</ref> In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020.<ref>{{Cite news|url=https://www.reuters.com/article/us-india-oil-russia-idUSKBN1ZZ1CD|title=India's IOC signs annual deal on option to buy crude from Russia's Rosneft|date=5 February 2020|work=Reuters|access-date=5 February 2020|language=en|archive-date=5 February 2020|archive-url=https://web.archive.org/web/20200205132008/https://www.reuters.com/article/us-india-oil-russia-idUSKBN1ZZ1CD|url-status=live}}</ref> By 1 April 2020, IndianOil was in absolute readiness to launch BS-VI (Bharat Stage VI) fuels in all its retail outlets in Telangana and adopt world-class emission norms.<ref>{{Cite web|url=https://www.livemint.com/auto-news/indian-oil-to-supply-bs-vi-fuels-in-telangana-from-april-1-11583985429610.html|title=Indian Oil to supply BS-VI fuels in Telangana from April 1|date=12 March 2020|website=mint|access-date=12 March 2020|archive-date=13 June 2021|archive-url=https://web.archive.org/web/20210613062701/https://www.livemint.com/auto-news/indian-oil-to-supply-bs-vi-fuels-in-telangana-from-april-1-11583985429610.html|url-status=live}}</ref>
In January 2021, sales were registered at an all-time high of 410,000 barrels of oil per day till 26 January 2021. Delek, QatarEnergy, and Saudi Aramco are its largest business partners, with Abu Dhabi National Oil Company and National Iranian Oil Company signing deals to deliver high production output by the end of 2020.
In March 2022, Apollo Hospitals replaced Indian Oil Corporation in Nifty 50 benchmark index.<ref>{{cite web | url=https://www.moneycontrol.com/news/business/markets/nse-revises-its-eligibility-criteria-and-replaces-stocks-in-its-key-indices-8160991.html | title=Apollo Hospitals replaces IOC in Nifty50 as NSE revises eligibility norms, swaps stocks in key indices | date=24 February 2022 | access-date=27 June 2022 | archive-date=27 June 2022 | archive-url=https://web.archive.org/web/20220627074348/https://www.moneycontrol.com/news/business/markets/nse-revises-its-eligibility-criteria-and-replaces-stocks-in-its-key-indices-8160991.html | url-status=live }}</ref>
== Controversy ==
== Operations == [[File:Indian Oil Corporation sign.jpg|thumb|right|The world's highest retail outlet (at an altitude of 3,740 mtr. above mean sea level) under IOCL, in Kaza, Himachal Pradesh]] [[File:Indian Oil Petrol Bunk 06122016.jpg|thumb|right|IOCL Petrol Pump under construction in Khammam]] [[File:IndianOil_Fueling_Station_Kapsi.jpg|thumb|An Indian Oil Fueling Station in Kapsi, Chhattisgarh]] [[File:Indian Oil Petrol Station.JPG|thumb|right|An Indian Oil Petrol pump near Dera Bassi in Punjab, India]] [[File:Indian Oil fuel truck on way to Ladakh.jpg|thumb|right|An Indian Oil fuel truck on the way to Ladakh]] [[File:Indian oil chembur1.JPG|thumb|right|A typical IOCL petrol pump in cities of India - Chembur, Mumbai]] [[File:Ioc basaveshwaranagar.png|thumb|Indian Oil Petrol Bunk in Basaveshwaranagar, Bangalore at night]] [[File:Ashok Leyland Aviation Fuel Tanker at New Delhi Airport.jpg|thumb|IndianOil aviation fuel tanker in front of Terminal 1D at Indira Gandhi International Airport]] [[File:Haldia Refinery.jpg|thumb|An oil refinery under IOCL in Haldia, West Bengal]]
=== Business divisions === There are seven major business divisions in the organisation: # Refineries Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/Refineries.aspx|title=Refining : Oil and Gas Technology : IndianOil|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170916142315/https://www.iocl.com/AboutUs/Refineries.aspx|archive-date=16 September 2017|url-status=live}}</ref> # Pipelines Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/Pipelines.aspx|title=Pipelines : Oil and Gas Pipeline : Gas and Oil Energy|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170916141944/https://www.iocl.com/AboutUs/Pipelines.aspx|archive-date=16 September 2017|url-status=live}}</ref> # Marketing Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/Marketing.aspx|title=Marketing : Oil and Gas Service Companies|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170916141731/https://www.iocl.com/AboutUs/Marketing.aspx|archive-date=16 September 2017|url-status=live}}</ref> # R&D Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/Research_Development.aspx|title=R & D Centre : Indian Oil|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170701231933/https://www.iocl.com/aboutus/Research_Development.aspx|archive-date=1 July 2017|url-status=live}}</ref> # Petrochemicals Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/Petrochemicals.aspx|title=Petrochemicals : World Class Petrochemicals|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170916141311/https://www.iocl.com/AboutUs/Petrochemicals.aspx|archive-date=16 September 2017|url-status=live}}</ref> # Exploration & Production (E&P) Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/e_and_p.aspx|title=Exploration and Production: Oil and Gas Exploration and Production|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170916141352/https://www.iocl.com/AboutUs/e_and_p.aspx|archive-date=16 September 2017|url-status=live}}</ref> # Explosives and Cryogenics Division<ref>{{Cite web|url=https://www.iocl.com/AboutUs/Explosives_and_Cryogenics.aspx|title=Exploration and Production: Oil and Gas Exploration and Production|website=www.iocl.com|access-date=18 September 2017|archive-url=https://web.archive.org/web/20170916142129/https://www.iocl.com/AboutUs/Explosives_and_Cryogenics.aspx|archive-date=16 September 2017|url-status=live}}</ref>
=== Products and services ===
Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd. or CPCL), and 71% downstream sector pipelines through capacity. The Indian Oil Group owns and operates 11 of India's 23 <ref>{{cite news |title=India Oil Corporation nears first deal to export fuel to Bangladesh: Sources |url=https://www.thehindubusinessline.com/companies/india-oil-corporation-nears-first-deal-to-export-fuel-to-bangladesh-sources/article31614027.ece |work=@businessline |language=en |access-date=22 May 2020 |archive-date=23 May 2020 |archive-url=https://web.archive.org/web/20200523131510/https://www.thehindubusinessline.com/companies/india-oil-corporation-nears-first-deal-to-export-fuel-to-bangladesh-sources/article31614027.ece |url-status=live }}</ref> refineries with a combined refining capacity of 80.7 million tonnes per year.<ref>{{Cite news|url=https://www.pipeline-conference.com/companies/indian-oil-corporation|title=Indian Oil Corporation|date=3 July 2011|work=13th Pipeline Technology Conference|access-date=17 September 2017|language=en|archive-url=https://web.archive.org/web/20170918154418/https://www.pipeline-conference.com/companies/indian-oil-corporation|archive-date=18 September 2017|url-status=live}}</ref> Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km. The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metres per day at standard conditions for gas. On 19 November 2017, IOCL, in collaboration with Ola, launched India's first electric charging station at one of its petrol-diesel stations in Nagpur.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/indian-oil-sets-up-indias-first-electric-vehicle-charging-station/article9969318.ece|title=Indian Oil sets up India's first electric vehicle charging station|date=22 November 2017|work=The Hindu BusinessLine|access-date=23 January 2018|archive-url=https://web.archive.org/web/20171122070718/http://www.thehindubusinessline.com/companies/indian-oil-sets-up-indias-first-electric-vehicle-charging-station/article9969318.ece|archive-date=22 November 2017|url-status=live}}</ref> Indian governments' National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of 6 to 8 million electric and hybrid vehicles in India by 2020.<ref>{{cite web|title=National Electric Mobility Mission Plan|url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=116719|website=Government of India Press Information Bureau|access-date=17 March 2018|date=10 March 2015|archive-url=https://web.archive.org/web/20180317232413/http://pib.nic.in/newsite/PrintRelease.aspx?relid=116719|archive-date=17 March 2018|url-status=live}}</ref>
Servo is the lubricants brand under which IOCL operates its lubricant business. Servo is the largest selling lubricant brand in both automotive and industrial segments.
It is said that deals with Royal Dutch Shell and Surgutneftegas and Chevron Corporation have been signed for exclusive business plans for supply in Asia with the Indian Oil Company, which are worth 20 billion dollars per year.
===Oil refinery locations===
*Barauni Refinery *Bongaigaon Refinery *CPCL, Chennai *CPCL, Narimanam *Digboi Refinery *Guwahati Refinery *Haldia Refinery *Koyali Refinery *Mathura Refinery *Panipat Refinery *Paradip Refinery *Gujarat Refinery
=== Pipelines === *Salaya - Mathura crude oil pipeline *Mundra - Panipat crude oil pipeline *Paradip-Haldia-Barauni crude oil pipeline *Kandla–Bhatinda Oil Pipeline *Koyali - Mohanpura product pipeline *Koyali - Ahmedabad product pipeline *Guwahati - Siliguri product pipeline *Barauni - Kanpur product pipeline *Patna-Motihari-Baitalpur Product pipeline *Haldia - Mourigram - Rajbandh product pipeline *Haldia - Barauni product pipeline *Panipat - Jalandhar LPG pipeline *Dadri - Panipat R-LNG pipeline *Koyali - Ratlam product pipeline *Koyali - Dahej/ Hazira product pipeline *Panipat - Bhatinda product pipeline *Panipat - Rewari product pipeline *Panipat - Ambala - Jalandhar product pipeline *Mathura - Delhi product pipeline *Mathura - Bharatpur product pipeline *Mathura - Tundla product pipeline *Chennai - Trichy - Madurai product pipeline *Chennai - Bangalore product pipeline *Chennai ATF pipeline *Bangalore ATF pipeline *Kolkata ATF pipeline *Paradip - Raipur - Ranchi product pipeline *Jaipur Panipat Naphtha Pipeline *Paradip - Hyderabad product pipeline *Paradip-Haldia-Barauni-Motihari LPG Pipeline *Paradip-Somnathpur-Haldia Product Pipeline
== Foreign subsidiaries== Subsidiaries include:<ref>{{Cite web|title=IndianOil Group Companies : Oil and Gas Industry|url=https://iocl.com/AboutUs/GroupCompanies_JVs.aspx|access-date=2021-05-27|website=iocl.com|archive-date=14 May 2021|archive-url=https://web.archive.org/web/20210514095724/https://iocl.com/AboutUs/GroupCompanies_JVs.aspx|url-status=dead}}</ref> * IndianOil (Mauritius) Limited * IOC Middle East FZE, UAE *Lanka IOC PLC, Sri Lanka *IOC Sweden AB, Sweden *IOCL (USA) Inc., USA *IndOil Global B.V. Netherlands *IOCL Singapore Pte. Ltd.
== Employees ==
thumb|right|A sculpture on the premises of IOCL Corporate Office, New Delhi, India
As On 31 March 2024, IOC's Regular Employee<ref>{{Cite web |last=Pant |first=Seema |date=2025-04-28 |title=Indian Oil Corporation Apprentice Recruitment 2025 |url=https://vacancysutra.com/indian-oil-apprentice-vacancy-2025/ |access-date=2025-04-28 |language=en-US}}</ref> Strength Stands At 30,321. Executives Account For 18,570, non-Executives Account For 11,751.<ref name=":0" /><ref name="AR201213">{{cite web|title=IOCL Management Discussions|url=http://www.bseindia.com/bseplus/AnnualReport/530965/5309650313.pdf|access-date=|publisher=BSE India|archive-date=23 September 2015|archive-url=https://web.archive.org/web/20150923195026/http://www.bseindia.com/bseplus/AnnualReport/530965/5309650313.pdf|url-status=live}}</ref> The attrition rate in Indian Oil is around 1.5%.<ref>{{cite web |url=http://hightea.timesjobs.com/candidate/chatTranscript.html?chatId=178 |title=HighTea Chat Transcript with Mr. Biswajit Roy: GM (HRD), Indian Oil Corporation |publisher=Times Jobs |date=22 January 2014 |access-date=26 January 2014}}</ref> The company spent ₹96.57 billion on employee benefits during the FY 2016–17.<ref name="AR201213" />
== Listing and shareholding ==
Indian Oil's equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.<ref>{{cite web |url=http://economictimes.indiatimes.com/indian-oil-corporation-ltd/infocompanylisting/companyid-11924.cms |title=Listing Information – Indian Oil Corporation Limited |publisher=Economic Times |access-date=27 January 2014 |archive-url=https://web.archive.org/web/20140227185053/http://economictimes.indiatimes.com/indian-oil-corporation-ltd/infocompanylisting/companyid-11924.cms |archive-date=27 February 2014 |url-status=live }}</ref>
As of September 2018, it was owned 51% by the Government of India (through the President of India), and 43% by other entities. The latter included corporate bodies (20%), ONGC (14%), LIC (6%), Foreign portfolio investors (6%),<ref name="arpt2018" /> Oil India Limited (5%) and Indian Mutual funds (4%).<ref>{{cite web |title=Share holding pattern 30 September 2018 |url=https://iocl.com/download/LODR-SHP(2018-09-30).pdf |website=IOC Official website |publisher=IOC |access-date=11 October 2018 |archive-url=https://web.archive.org/web/20181011133503/https://iocl.com/download/LODR-SHP(2018-09-30).pdf |archive-date=11 October 2018 |url-status=live }}</ref>
This was similar to its shareholding in 2017. As of 31 December 2017, the Promoters Government of India held approx. 56.98% of the shares in Indian Oil Corporation. The public held the rest of the shares – 43.02%. This includes Mutual Fund Companies, Foreign Portfolio Investors, Financial Institutions/ Banks, Insurance Companies, Individual Shareholders and Trusts.<ref>{{Cite web|url=https://www.iocl.com/download/LODRSHP-(2017-12-31).pdf|title=Indian Oil Corporation {{!}} Shareholding Pattern|date=31 December 2017|website=www.iocl.com|access-date=25 February 2018|archive-url=https://web.archive.org/web/20180225205537/https://www.iocl.com/download/LODRSHP-(2017-12-31).pdf|archive-date=25 February 2018|url-status=live}}</ref> IOCL's Market cap as of December 2022 was Rs. 1,10,075.05 crore.<ref>{{Cite web |title=Top 100 stocks by Market Capitalization {{!}} BSE Listed stocks Market Capitalization |url=https://www.bseindia.com/markets/equity/eqreports/topmarketcapitalization.aspx |access-date=2022-12-19 |website=www.bseindia.com |archive-date=25 July 2019 |archive-url=https://web.archive.org/web/20190725202033/https://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx |url-status=live }}</ref>
{| class="wikitable" |- ! Shareholders (as on 31 March 2020)<ref>{{Cite web|date=31 March 2021|title=Indian Oil Corporation {{!}} Shareholding Pattern|url=https://economictimes.indiatimes.com/indian-oil-corporation-ltd/shareholding/companyid-11924.cms|access-date=|website=|archive-date=13 June 2021|archive-url=https://web.archive.org/web/20210613062701/https://economictimes.indiatimes.com/indian-oil-corporation-ltd/shareholding/companyid-11924.cms|url-status=live}}</ref>!! Shareholding |- | Promoter Group (President of India)||51.50% |- | Central Government ||0.11% |- |Foreign Institutional Investors |5.81% |- |Mutual Funds |4.66% |- |General Public |6.01% |- |Financial Institutions |8.32% |- |Others |23.59% |- | Total||100.0% |}
== Strategic partnerships == === IOC Phinergy Pvt Ltd === Indian Oil Corporation (IOC) buys a stake in Phinergy (Israel) for manufacturing, development, and sale of aluminum-air batteries (Al-Air batteries) for electric vehicles. This joint venture is ready to facilitate the development of Al-Air technology by intending to set up a factory in India.<ref>{{Cite web|url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/indianoil-buys-stake-in-phinergy-of-israel-for-manufacturing-of-aluminium-air-batteries/73935714|title=IndianOil buys stake in Phinergy of Israel for manufacturing of aluminium-air batteries - ET EnergyWorld|website=ETEnergyworld.com|access-date=13 March 2020|archive-date=6 March 2020|archive-url=https://web.archive.org/web/20200306133310/https://energy.economictimes.indiatimes.com/news/oil-and-gas/indianoil-buys-stake-in-phinergy-of-israel-for-manufacturing-of-aluminium-air-batteries/73935714|url-status=live}}</ref>
== Competition == Indian Oil Corporation has two major domestic competitors – Bharat Petroleum and Hindustan Petroleum – and both are state-controlled, like Indian Oil Corporation. Major private competitors include – Reliance Petroleum, Nayara Energy and Shell.
== Oil Industry Development Board == India has begun the development of a strategic crude oil reserve sized at {{convert|37.4|Moilbbl|m3}}, enough for three weeks of consumption.<ref>{{cite web |url=http://www.gasandoil.com/goc/news/nts43834.htm |title=Alexander's Gas & Oil Connections – India to build up storage of crude oil |publisher=Gasandoil.com |date=21 September 2004 |access-date=26 August 2010 |archive-url=https://web.archive.org/web/20090418001150/http://www.gasandoil.com/goc/news/nts43834.htm |archive-date=18 April 2009 |url-status=dead }}</ref> Petroleum stocks have been transferred from the Indian Oil Corporation to the Oil Industry Development Board (OIDB).<ref>{{cite web |url=http://www.thehindubusinessline.com/2006/04/02/stories/2006040202220200.htm |title=Strategic oil reserves to come directly under Govt |publisher=The Hindu Business Line |date=2 April 2006 |access-date=26 August 2010 |archive-url=https://web.archive.org/web/20090212181220/http://www.thehindubusinessline.com/2006/04/02/stories/2006040202220200.htm |archive-date=12 February 2009 |url-status=live }}</ref> The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling government agency for the strategic reserve.<ref>{{cite web |url=http://economictimes.indiatimes.com/India_to_form_crude_oil_reserve_of_5_mmt/articleshow/2137148.cms |title='India to form crude oil reserve of 5 mmt'- Oil & Gas-Energy-News By Industry-News-The Economic Times |publisher=Economictimes.indiatimes.com |date=20 June 2007 |access-date=26 August 2010 |archive-url=https://web.archive.org/web/20090111113327/http://economictimes.indiatimes.com/India_to_form_crude_oil_reserve_of_5_mmt/articleshow/2137148.cms |archive-date=11 January 2009 |url-status=live }}</ref>
== See also == {{Portal bar|Companies|Energy}} * Oil India * Oil and gas industry in India * List of companies of India * List of largest companies by revenue * List of corporations by market capitalisation * Make in India * Forbes Global 2000 * Fortune India 500 * Rajiv Gandhi Institute of Petroleum Technology<ref>{{cite web|url=http://www.topnews.in/sonia-lay-foundation-rajiv-gandhi-petroleum-institute-rae-bareli-221339|title=Sonia to lay foundation for Rajiv Gandhi Petroleum Institute in Rae Bareli - TopNews|website=www.topnews.in|access-date=20 October 2016|archive-url=https://web.archive.org/web/20180509151043/https://www.topnews.in/sonia-lay-foundation-rajiv-gandhi-petroleum-institute-rae-bareli-221339|archive-date=9 May 2018|url-status=live}}</ref> * Indane (LPG) * Durand Cup
== References == {{reflist}}
== External links == * {{Official website}}
{{Public Sector Undertakings in India}} {{Nifty 200 companies}} {{Energy Ministries and Departments of India|state=collapsed}} {{Energy companies and organisations in India|state=collapsed}} {{S&P CNX Nifty companies}} {{authority control}}
Category:Indian Oil Corporation Category:Oil and gas companies of India Category:Government-owned companies of India Category:Companies based in Delhi Category:Non-renewable resource companies established in 1964 Category:Indian companies established in 1964 Category:NIFTY 50 Category:Government-owned oil and natural gas companies of India Category:1964 establishments in Delhi Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange