Current Indian Market Scenario & about IOCL

India is one of the fastest growing nations across the globe which is fuelled with a holistic government initiated approach towards business excellence and innovation. Oil and gas sector is among the six core industries in India and it plays a major role in influencing decision making for all the other important sectors of economy. India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally. Indian economy is estimated to grow 7.2% in FY 2018-19 as compared to 6.7% in FY 2017-18. The growth in the economy has triggered energy demand. The footprints of IndianOil are going to be very significant in this growth story.

The retail marketing of petroleum products in India is done by the Public Sector Oil Marketing Companies (OMCs) i.e. IndianOil, Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), Numaligarh Refinery Ltd (NRL), Mangalore Refinery & Petrochemicals Ltd (MRPL), Bharat Oman Refineries Ltd (BORL) and private companies like Reliance, Essar & Shell.

IndianOil is the Country’s flagship Maharatna National Oil Company, with 57.34 % Government of India holding with its presence in the entire geographical span of the nation. From the icy heights of the Himalayas to the sun-soaked shores of Kerala, from Kutch on India’s western tip to Kohima in the verdant North East, IndianOil is truly ‘in every heart, in every part’.

IndianOil is highest ranked Indian company standing at 137th among the world’s largest Corporate in the prestigious Fortune ‘Global 500’ listing for the year 2018. IndianOil accounts for nearly half of India’s petroleum products market share with a combined turnover of INR 6,05,924 Crores and a net profit of INR 16,894 Crores in 2018-19. Over 35% national refining capacity and 71% downstream sector pipelines’ throughput capacity is with IndianOil. What’s more, the IndianOil Group owns and operates 11 of India’s 23 refineries, with a combined refining capacity of 80.7 million metric tonnes per annum (MMTPA).

IndianOil’s Aviation Service commands a 63.6% market share in aviation fuel, serving national and international flag carriers, private airlines and the Indian defence services with equal efficiency.

With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil plays a significant role in fuelling the socio-economic development of the country. With a mandate to ensure India's energy security and self-sufficiency in refining & marketing of petroleum products, lndianOil has in the past six decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding network of over 50,000 customer touch-points.

The countrywide marketing network is backed for supplies by 125 bulk storage terminals and depots and 91LPG bottling plants, besides 104 Aviation Fuel Stations. Indian oil aspires to provide the best customer service while aiming to be the least cost supplier. We have already embarked upon the digital transformation journey by integrating world class petroleum technologies into our own customized Terminal Automation System popularly known as SMART Terminals. IndianOil has been spear heading the large scale automation initiatives in Oil and gas sector in the country for decades by partnering with the automation vendors there by creating value both for Oil Industry as well as the automation companies.