Concepto de Índice Métrico

The Formation of IndianOil was a major step towards economic freedom of the country. Its growth and success are synonymous with the growth and development of the petroleum industry in independent India.

In the year 1964, the Government of India took the decision to merge Indian Refineries Ltd. (Incorporated in 1958) with Indian Oil Company Limited (Incorporated in 1959). The merger took effect from September 1st 1964, with the new name, IndianOil Corporation Ltd., with its Registered office at Bombay (Mumbai). In 1981, refining and marketing rights of the erstwhile Assam Oil Company were vested in IndianOil.

At the time of formation, Indian Oil Corporation Ltd, the authorised capital of the Indian Refineries Ltd. was Rs. 60 crore and that of Indian Oil Company Ltd. was Rs. 12 crore.

Guwahati Refinery, the first public sector refinery of the country, was built with Romanian collaboration and was inaugurated by the first Prime Minister of India, Pandit JawaharLal Nehru, on 1st January 1962. As on 1st April, 2000 IndianOil owns and operates 7 of the country's 15 refineries with a refining share of 32%. IndianOil's seventh refinery at Panipat was

commissioned in 1998 .IndianOil's total refining capacity is now 35.6 Million Tonnesper Annum.

IndianOil commissioned India's first product pipeline, the Guwahati -Siliguri pipeline in 1965. The 435-km pipeline connecting Guwahati Refinery to different installations was designed to carry about 0.818 MMT of oil per year. Today IndianOil operates the country's largest network of 6453 kms of crude and product pipelines with a total capacity of 43.7 million tones per annum. From a small beginning with a sale of 0.032 million kilo litres, IndianOil achieved sales of 10 million kilo litres with a turnover of Rs. 635 crore and profit Rs.22.5 crore by the late 60's . From then on, the company has grown from strength to strength and presently holds about 55 % market share with sales of about 49.17 million tonnes during the financial year ending March 2000@. During 1998-99, IndianOil's profit after tax stood at Rs.2214 crore as compared to the profit of Rs. 22.5 crores in the late 60's. The Net profit during the period August 1999-December 1999 has been Rs.2140 crore

IndianOil is the largest commercial undertaking in India(in terms of turnover) and the only Indian company in Fortune's "Global 500" listing with a ranking of 278 for fiscal 1998. IndianOil is ready to offer the world a host of techno- participation and consultancy capability and share this expertise with other oil companies in the world, through Strategic Alliances and Joint Ventures in the areas of Refining, Pipeline, Trasportation, Marketing, R&D and Training/Consultancy.

Major plans have been drawn up to augment infrastructure and expand into exploration & production of crude oil, petrochemicals, power generation and LNG. The company is also globalising its R&D activities, training and consultancy services, and marketing of products, including lubricants.

Capabilities

IndianOil's capabilities in the downstream sector of operations in the oil sector include:

• Technical services

• Operation and Maintenance

• Techno-economic feasibility / special studies

• Turn around maintenance- Planning, Monitoring & Execution

• Inspection

• Quality Control : Bench-marking

• Shipping and Commercial

• Research and Development

• Safety and Industrial Hygiene

• Quality Auditing/ Management

• Materials Mangement

• Training Human Resorces

IndianOil's unique work culture is based on trust, openness and a commitment to creativity and consultation. The organisation identifies each and everyone of its 33,000 employees as an achiever who will make a difference. The experience and the knowledge gained by its people in building this mammoth organisation is now sought after by other developing countries.

Career growth opportunities

IndianOil inducts officers at the junior-most level of the management hierarchy. First division professional degree holders and post-graduates from relevant disciplines are recruited as management/ engineer trainees , accounts officers, medical officers, lab officers, systems officers, communications officers, scientists, etc.

Job rotation and inter-location transfers throughout the country facilitate planned development of careers and broaden outlook. Career growth opportunities are based on the individual's performance and contribution to the common goal of sustained growth. IndianOil's top executives have grown from within --- a testimony to the unlimited opportunities for growth available to the meritorious.

Welfare of Employees

Apart from attractive scales and perks, IndianOil provides its employees many facilities and welfare measures which are continuously upgraded. The medical facilities extended to the employees are rated amongst the best in the country. Apart from fully equipped hospitals at refinery townships, the Corporation also has nominated hospitals at various locations to meet employee needs. Holiday homes at select locations throughout the country help employees and their families unwind.

Entrepreneurial culture

IndianOil encourages employee participation in management and suitably rewards innovative suggestions. Participative forums in the form of joint management councils, quality circles , suggestions scheme, etc. enrich its work culture. IndianOil today has one of the best records in the industry for accident free man-hours.

Training and Development

IndianOil conducts structured training programmes for its employees both in general management and functional management disciplines. It also provides them opportunities to avail of membership of professional bodies. Monetary incentives are also available for those acquiring additional qualifications.

IndianOil Institute of Petroleum Management at Gurgaon conducts round- the-year management development programmes on organisational goals and strategies, diversification and globalisation plans. It has also provided specialised training to employees of other international oil companies having strategic alliances with IndianOil, besides consultancy services in the area of petroleum management.

IIPM offers a one-year, post-experience International MBA Programme with specialisation in Petroleum Management in collaboration with the International Centre for Promotion of Enterprises, Ljubljana and University of Ljubljana, Slovenia. Initially starting with IndianOil’s own employees in 1996- 97, this institute has now extended this facility to other companies in India and abroad.

Products & Services

Price Regulated Deregulated

Liquified Petroleum Gas (LPG) Fuel and Feedstock

Motor Spirit (Gasoline) Lubes and Greases

Aviation Turbine Fuel (Jet Kero) Petrochemicals and Specialities Superior Kerosene Oil (Kero)

High speed diesel (Gas Oil)

MANPOWER PLANNING AND BUSINESS PLANS