Indian Oil Corporation Ltd. (IOC) is the flagship national oil company in the downstream sector. The IndianOil Group of companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 1.2 million barrels per day. These include two refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL) and one of Bongaigaon Refinery and Petrochemicals Limited (BRPL). The 10 refineries are located at Guwahati, Barauni, Koyali, Haldia, Mathura, Digboi, Panipat, Chennai, Narimanam, and Bongaigaon. Indian Oil's cross-country crude oil and product pipelines network span over 9,300 km. It operates the largest and the widest network of petrol & diesel stations in the country, numbering around 16,455.
Indian Oil Corporation Ltd. (IndianOil) was formed in 1964 through the
merger of Indian Oil Company Ltd and Indian Refineries Ltd. Indian
Refineries Ltd was formed in 1958, with Feroze Gandhi as Chairman and
Indian Oil Company Ltd. was established on 30th June 1959 with Mr S.
Nijalingappa as the first Chairman. In 1964, Indian Oil commissioned
Barauni Refinery and the first petroleum product pipeline from Guwahati.
In 1965, Gujarat Refinery was inaugurated. In 1967, Haldia Baraurii
Pipeline (HBPL) was commissioned. In 1972, Indian Oil launched SERVO,
the first indigenous lubricant. In 1974, Indian Oil Blending Ltd. (IOBL)
became the wholly owned subsidiary of Indian Oil. In 1975, Haldia
Refinery was commissioned. In 1981, Digboi Refinery and Assam Oil
Company's (AOC) marketing operations came under the control of Indian
Oil. In 1982, Mathura Refinery and Mathura-Jalandhar Pipeline (MJPL)
were commissioned. In 1994, India's First Hydrocracker Unit was
commissioned at Gujarat Refinery. In 1995, 1,443 km. long
Kandla-Bhatinda Pipeline (KBPL) was commissioned at Sanganer. In 1998,
Panipat Refinery was commissioned. In the same year, Haldia, Barauni
Crude Oil Pipeline (HBCPL) was completed. In 2000, Indian Oil crossed
the turnover of Rs l ,00,000 crore and became the first Corporate in
India to do so. In the same year Indian Oil entered into Exploration &
Production (E&P) with the award of two exploration blocks to Indian
Oil and ONGC consortium under NELP-I. In 2003, Lanka IOC Pvt. Ltd.
(LIOC) was launched in Sri Lanka. In 2005, Indian Oil's Mathura Refinery
became the first refinery in India to attain the capability of producing
entire quantity of Euro-III compliant diesel.
Major Achievements of Indian Oil Corporation