History & Background

Indian Oil Corporation is an Indian public-sector petroleum company. It is Indias largest commercial enterprise, ranking 105th on the Fortune Global 500 listing (2009). It began operation in 1959 as Indian Oil Company Ltd. It was formed in 1964, with the merger of Indian Refineries Ltd. Indian Oil and its subsidiaries account for a 47% share in the petroleum products market, 40% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of Companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 60.2 million metric tons per year.

Mission
Prices of products and services primarily in cost reduction and focus on customer satisfaction Jaria full of energy and diversity in all aspects of business to achieve international standards of excellence Stakeholder on for creating wealth, value and satisfaction to maximize . Competitive for the benefit of latest technology development, adoption and assimilation in the leading position it to receive . Identity and brand equity for specific Corporate trade policy and overall quality management to set higher standards . Environment by creating awareness in people's lives to help bring prosperity and environmental balance and protecting the national heritage.

Vision
A leading, diversified, worldwide, with total energy company - a leading national level while remaining fully conscious of the environment and the oil company to become a national role in ensuring availability and distribution of public discharge .

Core Values
Conservation Concerns Equanimity Understanding Support Empowerment

Faith
Follow the word Reliability Dependence Honesty True loyalty

Attachment
Commitment Dedication Motivation Affinity Warm

Products
*AutoGas *IndianOil Aviation Service *Bitumen *High Speed Diesel *Bulk/Industrial Fuels
Furnace Oil, Light Diesel Oil etc.

Services
Refining Refinery O&M Management Refinery Inspection Services Safety, Health & Environment Management etc.

Pipelines Project Management Operation and Maintenance etc.

*Indane Gas *SERVO lubricants & greases *Marine Fuels & Lubricants *MS/Gasoline *Petrochemicals *Special Products Benzene CBFS Food Grade Hexane etc.

Marketing LPG Business, Retail Business, IndianOil Aviation Service, Loyalty Programs etc.

Training Research & Development

*Superior Kerosene Oil *Crude oil

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SWOT Analysis
Strength
Decline in under recoveries for downstream oil companies Drop in Borrowings in a credit squeezed market Reducing fiscal deficit on account of subsidies for import dependent countries

Weakness
Low prices leading to low refining margins- Low revenue growth Economic slow down- Low demand Huge inventory losses experienced

Opportunity
Drop in commodity prices will reduce new projects costs Lower prices- lower working capital requirement SPR- Good time to construct and fill SPR

Threat
Investments in new projects suspended- setting stage for another price explosion Customs duty may be reintroduced affecting already depressed margins
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Indian Oil. The Energy of India

Awards & Recognition

*SCOPE Gold Trophy for Environmental Excellence & Sustainable Development won by IndianOil. *IndianOil has been ranked as one of Best Employers in a survey conducted by Hewitt Associates in association with Outlook Business magazine. *IndianOil has been conferred the 'Business Superbrand 2008' status by the Superbrands Council of India. *IndianOil wins Retailer of the Year - 'Rural Impact Award'
BML Munjal Award 2009

*IndianOil conferred Business Super brand 2008 *Chairman, IndianOil receiving the World Petroleum Congress Excellence Award for R&D at Madrid
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Carrier Span
.Career

Growth Opportunities .Entrepreneurial Culture .An Inspiring Work Environment .Welfare of Employees .Continuous Learning Curve .Diverse Business Interests

Innovative Strategies
.Refining .Pipelines .Marketing .Training .Research & Development
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