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IndianOil is an integrated energy major where energy in all its forms is tapped most responsibly and delivered to the consumers most affordably. It has its presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources.

As The Energy of India, IndianOil accounts for nearly half of India's petroleum products market share, with sales of 88.76 million tonnes in 2017-18. Over 35% national refining capacity and 71% downstream sector pipelines throughput capacity are with IndianOil. The IndianOil Group owns and operates 11 of India's 23 refineries, with a combined refining capacity of 80.7 million metric tonnes per annum (MMTPA). Some of the recent initiatives include providing 100% BS-IV compliant automotive fuels across the country from 1st April, 2017 and advanced supply of BS-VI auto fuels to Delhi/NCR from 1st April, 2018.

IndianOil's nearly 13,400 km cross-country pipelines network facilitates the transportation of crude oil to refineries and finished products to high-demand centres in an efficient, economical and environment-friendly manner. Its throughput capacity of 94.20 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas makes it one of the largest pipeline networks in the world.

With a turnover of INR 5,06,428 crore and a net profit of INR 21,346 crore in 2017-18, and a market capitalisation of INR 1,71,511 crore, IndianOil is recognised as one of India’s most valuable companies. The company continues to be the largest contributor to the national exchequer in the form of duties and taxes. IndianOil is ranked 137th among the world's largest corporate (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2018.

Petrochemicals is now an integral business driver for IndianOil and has emerged as a major contributor to the Company’s bottomline. With domestic capacity falling short of demand and imports taking a significant share of the market currently, growth in petrochemicals demand in the country is set to provide a key demand segment for the Company’s refineries in the coming years. Therefore, investment in integrated refinery and petrochemicals projects is a compelling strategic choice for the Company.

IndianOil is setting up a 680 KTPA Polypropylene unit utilising the propylene produced from the recently commissioned green field Paradip Refinery, besides being on the lookout for other opportunities in Petrochemicals using the various molecules available from the Refinery Streams.

IndianOil’s petrochemicals foray is providing an impetus to creation of Textiles Parks and Plastic Parks. Going forward, IndianOil has decided to infuse equity in Paradip Plastic Park Ltd, a JV with Industrial Development Corporation of Odisha (IDCO) to promote downstream plastics-based units near Paradip Refinery. The Company, is also setting up a Textiles Park in Odisha based on the Polyester raw material (PTA/MEG) available from Paradip Refinery/Eastern India thru JV route.

IndianOil has also been pursuing diverse business interests through joint ventures with reputed business partners from India and abroad. During the year, a new joint venture company viz. Ratnagiri Refinery and Petrochemicals Limited (RRPCL), was incorporated with BPCL and HPCL as partners for setting up a mega 60-million metric tonnes per annum (MMTPA) refinery and petrochemicals complex in Ratnagiri district of Maharashtra.

IndianOil has been actively engaged in a gamut of social welfare/upliftment activities across the nation. Education and imparting employment-enhancing vocational skills have been thrust areas under Corporate social responsibility (CSR) initiatives. On these line, the foundation stone for permanent campus of Skill Development Institute (SDI) in Bhubaneswar was laid by the Hon’ble President of India in March 2018. Besides regular courses connected with petroleum & petrochemicals sectors, SDI plans to offer skill courses in advanced technology areas such as Artificial Intelligence, Internet of Things, Robotics, Machine Learning, Virtual/Augmented Reality, 3-D Printing, etc., in collaboration with IIT-Kharagpur.

The Hon’ble President of India also inaugurated the Institute of Chemical Technology-Mumbai - IndianOil campus at Bhubaneswar. For this, IndianOil has collaborated with ICTM to offer innovative programmes such as an integrated M.Tech., executive M.Tech. for industrial personnel, as well as Ph.D. programmes.

Besides being at the forefront in implementing key Government initiatives like the Pradhan Mantri Ujjwala Yojana, IndianOil is committed to being a dependable partner in India’s growth story with continued investments to enhance its asset base, striving for cost optimisation across the supply chain and making its operations and offering cleaner and greener.

© 2018