Indian Oil Corp Ltd - Company Profile
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Business Description
Indian Oil Corp Ltd (IOCL) is an integrated oil and gas company with upstream, midstream, and downstream operations. IOCL has major presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources. The company also provides terminalling, aviation fuel and consultancy services. It also participates in renewable and alternative energy businesses.
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R&D Overview
IOCL reported Research and Development Expenses of INR6,980 million for the FY2023. The company has 1,646 patents filed and 1,554 effective patents. Its R&D focus continues to revolve around core areas of expertise, which include refining technologies and catalysts, fuels and lubricants, petrochemicals and polymers. The company is also diversifying into emerging sectors such as solar, nano technology, bioenergy, hydrogen, energy storage and fuel cell.
Business Segments
Overview
Offers a full slate of petrochemical products and intermediates under the brand name PROPEL. - It provides linear alkyl benzene (LAB), paraxylene/purified terephthalic acid (PX/PTA) and methyl tertiary butyl ether (MTBE) among other polymers. - Operates LAB production plant at Koyali, Gujarat, and PX/PTA and naphtha cracker plants at Panipat, Haryana. The naphtha cracker consists of polypropylene, high density polyethylene (HDPE) and linear low density poly ethylene (LLDPE), and mono ethylene glycol (MEG) plants. The cracker also produces LPG, pyrolysis fuel oil, components of gasoline and diesel.
Performance
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Overview
Includes refining, transporting, and marketing of petroleum products in India. - It offers refined petroleum products such as light petroleum gas, high speed diesel, jet fuel, superior kerosene oil (SKO), gasoline, bitumen, heavy fuel oil and naphtha. - Operates Digboi refinery, Guwahati refinery, Barauni refinery, Gujarat refinery, Haldia refinery, Bongaigaon refinery, Mathura refinery, Panipat refinery and Paradip refinery. - The company also operates refineries in Chennai through its subsidiary Chennai Petroleum Corporation Ltd (CPCL).
Performance
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Overview
Includes sale of gas, explosives and cryogenics, wind and solar power generation, oil and gas exploration and production (E&P) activities. - IOCL conducts E&P of crude oil and natural gas in collaboration with other consortium partners both in India and other countries including the US, Canada, Gabon, Libya, Nigeria, Russia, Venezuela, Oman and the UAE. - It is operating and implementing City Gas Distribution (CGD) network through its joint ventures Green Gas Ltd (GGL) in Lucknow and Agra; and through IndianOil-Adani Gas Pvt Ltd (IOAGPL) in Allahabad, Chandigarh, Panipat, Daman, Ernakulam, Udham Singh Nagar, South Goa and Bulandshahar.
Performance
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Geographical Segments
Performance
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Performance
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