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August 02, 2015 10:35 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Indian Oil Corporation Limited

Company Overview

Indian Oil Corporation Limited, together with its subsidiaries, is engaged in refining, transporting, and marketing petroleum products in India. It is also involved in the exploration and production of crude oil and gas; and marketing of natural gas and petrochemicals. The company’s products include LPG, natural gas, petrol/gasoline, diesel/gas oil, aviation turbine fuel/jet fuel, lubricants and greases, marine fuels and lubricants, kerosene, bulk/industrial fuels, bitumen, petrochemicals, and crude oil. In addition, it offers special products, such as benzene, carbon black feed stock, food grade hexane, jute batching oil, micro crystalline wax, mineral turpentine oil, paraffin wax, propylen...

3079/3, J.B. Tito Marg

Sadiq Nagar

New Delhi,  110049


Founded in 1959


91 11 2626 0000

Key Executives for Indian Oil Corporation Limited

Whole-Time Director, Member of Establishment Committee, Member of Planning & Projects Committee, Member of Contracts Committee and Member of Health, Safety and Environment Committee
Age: 60
Total Annual Compensation: $2.9M
Compensation as of Fiscal Year 2014.

Indian Oil Corporation Limited Key Developments

Indian Oil Corporation Limited Announces Appointment of A. P. Sawhney, Nominee Director

Indian Oil Corporation Ltd. announced that A. P. Sawhney has been appointed as Government Nominee Director of the company with effect from July 22, 2015.

Goevrment Mulling Transferring Stake in Oil PSUs

The Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility. The government is looking to sell 5% stake in Oil and Natural Gas Corp. Ltd. (NSEI:ONGC) for INR 120 billion, 10% each in Indian Oil Corporation Limited(BSE:530965) and Oil India Limited (NSEI:OIL) for INR 100 billion and INR 26 billion respectively and 3% stake in Bharat Petroleum Corp. Ltd. (NSEI:BPCL) for INR 20 billion.

Govt May Sell 10% Stake In Indian Oil by August

The government may sell 10% stake in Indian Oil Corporation Limited (BSE:530965) by August 2015 as market sentiment on the stock has improved considerably, with stable crude prices and timely receipt of fuel subsidy boosting the financials of Indian Oil.

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