May 24, 2018 9:48 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Indian Oil Corporation Limited

Company Overview

Indian Oil Corporation Limited, together with its subsidiaries, engages in refining, pipeline transportation, and marketing of 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 petrol/gasoline, diesel/gas oil, lubricants and greases, auto gas, cooking gas, kerosene, LPG, bulk/industrial fuels, aviation fuel, marine oils, and bitumen. 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, propylene, raw petroleum coke, sulphur, and tol...

3079/3, J.B. Tito Marg

Sadiq Nagar

New Delhi,  110049


Founded in 1959



Key Executives for Indian Oil Corporation Limited

Chairman & MD
Age: 57
Total Annual Compensation: 4.6M
Director of Finance & Whole-Time Director
Age: 59
Total Annual Compensation: 5.2M
Director of Planning & Business Development and Whole-Time Director
Age: 56
Total Annual Compensation: 3.0M
Director of Research & Development and Whole-Time Director
Total Annual Compensation: 717.1K
Compensation as of Fiscal Year 2017.

Indian Oil Corporation Limited Key Developments

Indian Oil Corporation Limited Announces Board Changes

Indian Oil Corporation Limited announced that Smt. Sushma Rath Taishete, Joint Secretary, Ministry of Petroleum & Natural Gas has been appointed on the Board of Indian Oil as Government Director with effect from 11th May 2018 on ex-officio basis in place of Smt. Urvashi Sadhwani, Principal Adviser, Ministry of Petroleum & Natural Gas (MoP&NG). Presently, she is posted as Joint Secretary in the Ministry of Petroleum and Natural Gas, Government of India. She has earlier worked as Director (Marketing), Ministry of Petroleum & Natural Gas, Under Secretary in the Ministry of Health & Family Welfare and as Principal Administrative officer and Adviser (Gender Issues) at National Health Systems Resource Centre. The company announced that Smt. Urvashi Sadhwani has ceased to be Director on the Board with effect from 11th May 2018.

IndianOil Signs Agreement with Mitsubishi Chemical Corporation, Japan

IndianOil signed an agreement with Mitsubishi Chemical Corporation, Japan for sourcing technology & associated services for Acrylic Acid Unit at Dumad, Gujarat. The agreement was signed by Mr. A. N. Jha, ED (Petrochemical-Projects), Business Development, Corporate Office and Mr. Masaya Nomamoto, GM, C3 Derivatives Department, Petrochemicals Business Domain, Mitsubishi Chemical Corporation, Japan in the august presence of Mr. B. V. Rama Gopal, Director (Refineries), IndianOil at Business Development (Petrochemicals) office, SCOPE Complex, New Delhi on April 19, 2018. Mr. S. M. Vaidya, ED, (Operations), RHQ and Mr. Debasish Roy, ED, (Finance), RHQ also graced the occasion with their presence. Acrylic Acid will be used in the production of Butyl Acrylate. With currently no domestic production of Acrylic Acid and Butyl Acrylate, these products are entirely imported into India. This project is planned as a strategic move towards import substitution and further will consolidate the specialty chemical business of IndianOil. Petrochemical Business has contributed significantly to both the top-line and the bottom-line of IndianOil business in recent years. Further to upcoming 680 KTA of Poly Propylene Plant and Ethylene Glycol Project having a capacity of 356 KTA glycols at Paradip Refinery, 150 KTA of Butyl Acrylate plant is planned at Dumad, near Gujarat Refinery. Acrylic Acid, for which this agreement has been signed, is a raw material for Butyl Acrylate production. The capacity of the upcoming Acrylic Acid Unit is 90 KTA.

Indian Oil Corporation Limited Presents at 26th Annual Middle East Petroleum & Gas Conference, Apr-23-2018 06:30 AM

Indian Oil Corporation Limited Presents at 26th Annual Middle East Petroleum & Gas Conference, Apr-23-2018 06:30 AM. Venue: Jumeirah at Etihad Towers, Abu Dhabi, United Arab Emirates. Speakers: Sanjiv Singh, Chairman & MD.

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