Indian Oil Corporation Limited is India's flagship national oil company with business interests straddling the entire hydrocarbons value chain - from refining, pipeline transportation and marketing of petroleum products, to exploration & production of oil and gas, marketing of natural gas, petrochemicals etc., It has presence in downstream operations, is emerging as a technology provider and is scaling up presence in the alternative energy space such as Biofuels, Wind Power and Solar Energy. A Maharatna enterprise, IndianOil is India's top corporate (Rank 168) in the Fortune 500 Global listing for 2017.
As India's largest commercial enterprise, IndianOil recorded a sales turnover of Rs. 5,06,428 crore (US$ 74,454 million) and profits of Rs. 21,346 crore (US$ 3,138 million) for the year 2017-18. The IndianOil group of companies owns and operates 11 of India's 23 refineries and its 80.07 million metric tonnes per annum refining capacity is 35% of the national refining capacity. IndianOil's prowess in terms of successfully running 11 diverse refineries and our ability to process close to 200 types of crude oil also is recognised widely in the industry both in India & abroad. Its pan-India network of pipelines, largest in the country spans nearly 13,400 km and efficiently transports crude oil and petroleum products in a safe, economical and eco-friendly way.
IndianOil serves its vast customer base spread across the country through its unmatched network of over 48,000 customer touch points. This includes 27,000+ fuel stations, over 7,500 of which are Kisan Seva Kendra outlets in the rural markets. IndianOil's Indane brand of LPG cooking gas serves over 12 crore households through over 10,000 distributors. Its 108 aviation fuel stations together refuel over 1,750 flights a day i.e. more than one flight per minute. SERVO is the brand leader in lubricants & greases in India and serves as a one-stop shop for complete lubrication solutions in the automotive, industrial and marine segments.
The finished lubricants segment registered positive growth despite the headwinds faced due to GST implementation. The Institutional segment witnessed the highest-ever volume sale during the year. New premium Passenger Car Motor Oil i.e, Futura G + for use in both petrol and diesel driven passenger cars and Motor Cycle Oil i.e, SERVO 4T Bullet for use in motorcycles were launched. Showing its commitment towards a green environment, a new product Servo Green Pumpset Oil 20W-40 was introduced in the market. SERVO registered a stellar growth of 18.2% in overseas markets. New SERVO distributors were appointed for Bangladesh, Kuwait and Iraq. SERVO's global footprint now covers 30 international markets.
IndianOils R&D Centre one of the finest in Asia is being expanded to boost its research prowess beyond lubes & refining technology; to areas like bio-fuels, nano-technology and battery storage among other horizon technologies.
Having set up subsidiaries in Sri Lanka, Mauritius and the UAE, along with offices in Bangladesh, Myanmar, etc. IndianOil is simultaneously scouting for new business opportunities in the energy markets of Asia and Africa. It has also formed about 15 joint ventures with reputed business partners from India and abroad to pursue diverse business interests. For more information on IndianOil, please visit Company's website www.iocl.com