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Indian Oil Corporation Limited
- The IndianOilCorporation is India’s flagship national oil company and downstream petroleum major, and India's largest commercial enterprise
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Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in 1964 with the merger of Indian Refineries Ltd. (established 1958). IndianOil and its subsidiaries account for 49% petroleum products market share, 34% national refining capacity and 71% downstream sector pipelines capacity in India. For the year 2007-08, the IndianOil group sold 59.29 million tonnes of petroleum products, including 1.74 million tonnes of natural gas, and exported 3.33 million tonnes of petroleum products. The IndianOil Group of companies owns and operates 10 of India's 20 refineries with a combined refining capacity of 60.2 million metric tonnes per annum (MMTPA, .i.e. 1.2 million barrels per day). These include two refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL). The Corporation's cross-country network of crude oil and product pipelines, spanning more than 10,000 kms and the largest in the country, meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. IndianOil is investing Rs. 43,393 crore (US $10.8 billion) during the period 2007-12 in augmentation of refining and pipeline capacities, expansion of marketing infrastructure and product quality upgradation as well as in integration and diversification projects. As the flagship national oil company in the downstream sector, IndianOil reaches precious petroleum products to millions of people everyday through a countrywide network of about 35,000 sales points. They are backed for supplies by 166 bulk storage terminals and depots, 101 aviation fuel stations and 89 Indane (LPGas) bottling plants. About 7,100 bulk consumer pumps are also in operation for the convenience of large consumers, ensuring products and inventory at their doorstep. IndianOil operates the largest and the widest network of petrol & diesel stations in the country, numbering over 17,600. It reaches Indane cooking gas to the doorsteps of over 50 million households in nearly 2,700 markets through a network of about 5,000 Indane distributors. IndianOil's ISO-9002 certified Aviation Service commands over 62% market share in aviation fuel business, meeting the fuel needs of domestic and international flag carriers, private airlines and the Indian Defence Services. The Corporation also enjoys a dominant share of the bulk consumer business, including that of railways, state transport undertakings, and industrial, agricultural and marine sectors. Indian Oil Corporation Ltd. (IndianOil) is India's largest commercial enterprise, with a sales turnover of Rs. 2,47,479 crore (US $ 61.70 billion) and profits of Rs. 6,963 crore (US $ 1.74 billion) for the year 2007-08. IndianOil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 19 places to the 116th position in 2008. It is also the 18th largest petroleum company in the world. IndianOil's Gross Turnover (inclusive of excise duty) for the year 2007-08 reached a new high of Rs. 2,47,479 crore, up by 12.1 % as compared to Rs. 2,20,779 crore in the previous year. The Profit After Tax was Rs. 6,963 crore. The Corporation sold 59.29 million tonnes of petroleum products during the year 2007-08, as compared to 54.84 million tonnes during the previous year. This includes sale of natural gas, which has gone up to 1.74 million tonnes in 2007-08 as compared to 1.48 million tonnes in the previous year. In addition, product exports rose to 3.33 million tonnes from 3.13 million tonnes in the previous year. The Corporation’s seven refineries surpassed 100% capacity utilisation and clocked the highest ever throughput of 47.4 million tonnes. Its pipelines network too registered the highest ever operational throughput of 57.12 million tonnes of crude oil and petroleum products. Among new businesses, Natural Gas Marketing and Petrochemicals together generated revenues of over Rs 4,600 crore during the year 2007-2008.
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Work Opportunities @ IndianOil IndianOil offers a world of opportunities across more than 600 locations In India including refineries, pipeline, terminals, marketing units such as LPG bottling plants, bulk storage terminals, Aviation Fuel Stations, Retail/Consumer/Lubricants sales, and at the R&D Centre at the entry level. It recruits bright and professionally qualified people for its executive cadre. It follows a mix of open and campus recruitment. For open recruitment advertisements are published in leading national dailies. Interested candidates meeting IndianOil's requirements can apply online. Applications are then scrutinised and checked for eligibility. The candidates meeting the criteria set by IndianOil are then called for a written test. Based on their performance in the written test, they are further called for group discussion/ group task and interview. For campus recruitment, IndianOil visits the IITs, NITs and other reputed technical institutes of the country for recruiting final year engineering students, and prominent business management institutes for final year MBA students. It also recruits Chartered Accountants from various centres of the Institute of Chartered Accountants of India (ICAI). IndianOil inducts officers at the junior-most level of the management hierarchy (A Grade). First division professional degree holders and post-graduates from relevant disciplines are recruited as management / engineer trainees, accounts officers, medical officers, lab officers, systems officers, communications officers, scientists, etc. Job rotation and inter-location transfers throughout the country facilitate planned development of careers and broaden outlook. Career growth opportunities are based on the individual's performance and contribution to the common goal of sustained growth. Most of IndianOil's top executives have grown from within -- a testimony to the unlimited opportunities for growth available to the meritorious. Apart from attractive scales and perks, IndianOil provides its employees many facilities and welfare measures, which are continuously upgraded. The medical facilities extended to the employees are rated amongst the best in the country. Apart from fully equipped hospitals at refinery townships, the Corporation has also nominated hospitals at various locations to meet employee needs. Holiday homes at select locations throughout the country help employees and their families unwind.
