Indian Oil Corporation is one of the nine Navratnas. Here is a brief profile and history of Indian Oil Corporation Limited.

Indian Oil Corporation

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
Note: The above information was last updated on 21-07-2007