Indian oil company

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Transcript of Indian oil company

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Indian Oil Corporation Ltd is one of the Maharatna Company of India

The market capitalization of the company as on March 15, 2012 was Rs. 66052.45 crore.

The total paid up capital of the company is Rs. 2,42,79,52,482 (approx 242 million)

The Central govt./State govt.(s) hold 78.92% stake in the company.

BOARD OF DIRECTORS

Shri R. S. ButolaChairman w.e.f. 28.02.2011

Shri P. K. GoyalDirector (Finance)w.e.f. 02.05.2011

Shri Michael BastianIndependent Director

Shri G. C. DagaDirector (Marketing)Shri P. K. SinhaGovernment Director

Shri Nirmal Kumar PoddarIndependent Director

Shri B. N. BankapurDirector (Refineries)

Shri Sudhir BhargavaGovernment Director

Dr. Sudhakar RaoIndependent Directorw.e.f. 30.05.11

Shri K. K. JhaDirector (Pipelines)

Prof. (Dr.) Indira J. ParikhIndependent DirectorShri B. M. BansalChairman & Director(P&BD)upto 31.01.2011

Dr. R. K. MalhotraDirector(Research & Development)w.e.f. 05.08.2010

Shri Anees NooraniIndependent Director

Shri V. C. AgrawalDirector (Human Resources)upto 31.07.2010

Shri Sudhir BhallaDirector (Human Resources)w.e.f. 27.10.2010

Dr. (Smt.) Indu R. ShahaniIndependent DirectorShri S. V. NarasimhanChairman & Director (Finance)upto 30.04.2011

Shri A. M. K. SinhaDirector(Plng. & BusinessDevelopment) w.e.f. 16.03.2011

Prof. Gautam BaruaIndependent Director

Products

Auto Gas

ATF/Jet fuel

Bitumen

Bulk/Industrial Fuel

Crude oil

Petrol/GasolineDiesel/Gas oil

Indane gas

Marine Fuels & Lubricants

Petrochemicals

Special Products

Kerosene

AutoGas (LPG) is a clean, high octane, abundant and eco-friendly fuel.

It is obtained from natural gas through fractionation and from crude oil through refining.

It is a mixture of petroleum gases like propane and butane.

The higher energy content in this fuel results in a 10% reduction of CO2 emission as compared to MS.

IndianOil has setup 335 Auto LPG Dispensing Stations (ALDS) covering 182 cities across India.

AutoGas impacts greenhouse emissions less than any other fossil fuel when measured through the total fuel cycle.

Conversion of petrol to AutoGas helps substantially reduce air pollution caused by vehicular emissions.

The saving on account of conversion to AutoGas in comparison to petrol is about 35-40% which is a enough reason for a consumer to convert his vehicle to AutoGas.

Jet fuel is a colorless, combustible, straight-run petroleum distillate liquid.

Its principal uses are as jet engine fuel.

The most common jet fuel worldwide is a kerosene-based fuel classified as JET A-1.

IndianOil is India's first ISO-9002 certified oil company conforming to stringent global quality requirements of aviation fuel storage & handling.

IndianOil Aviation Service is a leading aviation fuel solution provider in India and the most-preferred supplier of jet fuel to major international and domestic airlines.

Between one sunrise and the next, IndianOil Aviation Service refuels over 1500 flights.

BitumenBitumen is a common binder used in road construction.

It is principally obtained as a residual product in petroleum refineries after higher fractions like gas, petrol, kerosene and diesel, etc., are removed.

IndianOil produces bitumen from its refineries at Panipat, Mathura, Koyali, Haldia and Chennai and markets it in bulk as well as packed in steel drums.

Bulk/Industrial FuelsIn the large volume consumer segment, Indian Oil's provides complete Fuel Management Solutions to customers who require fuels in bulk and have dedicated facilities for storage and handling.

Indian Oil's bulk liquid fuel supply covers the complete gamut of fuels-Auto fuels, Light Diesel Oil, Low Sulphur Heavy Stock, Special Products and much more.

Crude oilCrude oil - as petroleum directly out of the ground is called - is a remarkably varied substance, both in its use and composition.

Crude oil is formed from the preserved remains of prehistoric zooplankton and algae, which have been settled to the sea (or lake) bottom in large quantities under anoxic conditions.

It was formed over millions of years from the remains of tiny aquatic plants and animals that lived in ancient seas due to compression and heating of ancient organic materials over geological time.

The oldest oil-bearing rocks date back to more than 600 million years, the youngest being as old as about 1 million years.

Crude oil is classified by the location of its origin (e.g. West Texas Intermediate, WT, Brent, Dubai or Minas) and often by its relative weight or viscosity.

Crude oil from an area in which the crude oil's molecular characteristics have been determined and the oil has been classified are used as pricing references throughout the world.

These references are known as Crude oil benchmarks.

After considering availability of indigenous crude oil, balance crude oil is required to be imported. Indian Oil sources its crude oil requirement from Far East, Gulf region, Mediterranean, West Africa and Latin American sources.

Automotive gasoline and gasoline-oxygenate blends are used in internal combustion spark-ignition engines.

These spark ignition engine fuels are primarily used for passenger cars.

They are also used in off-highway utility vans, farm machinery and in other spark ignition engines employed in a variety of service applications.

XTRAPREMIUM petrol is a much sought-after fuel among discerning motorists who are in many ways emotionally attached to their wheels.

Indian Oil's XTRAPREMIUM petrol is the largest selling branded petrol in India

Petroleum derived diesel (called as petrodiesel) is a mixture of straight run product with varying amount of selected cracked distillates and is composed of saturated hydrocarbons and aromatic hydrocarbons.

Diesel is used in diesel engines, a type of internal combustion engine.

Rudolf Diesel originally designed the diesel engine to use coal dust as a fuel, but oil proved more effective.

Indian Oil's XTRAMILE Super Diesel, the leader in the branded diesel segment, is blended with world-class multi-functional fuel additives.

Indane is today one of the largest packed-LPG brands in the world and has been conferred the coveted Consumer Superbrand status by the Superbrands Council of India.

Having launched LPG marketing in the mid-60s, Indian Oil has been credited with bringing about a kitchen revolution

It has led to a substantial improvement in the health of women, especially in rural areas by replacing smoky and unhealthy chulha.

the Indane network delivers 1.2 million cylinders a day to the doorsteps of over 53 million households, making Indian Oil the second largest marketer of LPG globally, after SHV Gas of The Netherlands.

Marine Fuels & LubricantsIndian Oil caters to all types of bunker fuels and lubricants required by various types of vessels operating throughout the world in the shipping industry.

Bunker supplies are made at all major ports of India; Mumbai, Kandla, Vasco, Chennai, Tuticorin, Kakinada, Visakhapatnam, Kochi, New Mangalore, Kolkata, Paradip, JNPT, Port Blair and Haldia.

Apart from meeting 100% bunker requirement of the Indian Navy, it also supplies bunker fuels to all major shipping and dredging companies of India.

Spot requirement of different vessels calling at Indian ports are met through nominations received from local shipping agents and international bunker traders/brokers.

PetrochemicalsIndia is amongst the fastest growing petrochemicals markets in the world.

The Corporation is envisaging an investment of Rs 30,000 crore in the petrochemicals business in the next few years.

These projects will utilise product streams from the existing refineries of IndianOil, thereby achieving better exploitation of the hydrocarbon value chain.

In order to penetrate the petrochemicals market effectively, a separate Strategic Business Unit (SBU) has been created in IndianOil for marketing of petrochemicals.

Beginning with a low-investment, high-value projects such as Methyl Tertiary Butyl Ether (MTBE) and Butene-1 at Gujarat Refinery, Vadodara, IndianOil has set up a world-scale Linear Alkyl Benzene (LAB) plant at Gujarat Refinery and an integrated Paraxylene/Purified Terephthalic Acid (PX/PTA) plant at Panipat.

A Naphtha Cracker complex with downstream polymer units is also in operation at Panipat.

Kerosenes are distillate fractions of crude oil in the boiling range of 150-250C.

They are treated mainly for reducing aromatic content to increase their smoke point (height of a smokeless flame) and hydrofining to reduce sulphur content and to improve odour, colour & burning qualities (char value).

Special ProductsOther than the regular petroleum products like light distillates, middle distillates, heavier products like Furnace Oil, Bitumen, etc., IndianOil refineries also manufacture petroleum products for specific applications.

These specific applications could be feed stock for chemical industry, raw material for specific industries and solid fuels.

The petroleum products, produced for specific applications are called, 'Petrochemicals and Specialties (P&S) Products'.

Every petroleum refinery is not designed to produce P&S products but IndianOil's refineries have been planned to make a large portfolio of P&S products.

Services

Refining

Pipeline

Research & Development

Marketing

Oil & Gas Training Services

RefiningBorn from the vision of achieving self-reliance in oil refining and marketing for the nation, IndianOil has gathered a luminous legacy of more than 100 years of accumulated experiences in all areas of petroleum refining by taking into its fold, the Digboi Refinery commissioned in 1901.

At present, IndianOil controls 10 of Indias 20 refineries.

PipelineIndianOil, the pioneer in cross-country petroleum product pipeline in the Indian sub-continent constructed and commissioned its first petroleum product pipeline, Guwahati-Siliguri Pipeline in the year 1964.

Since then IndianOil has mastered the art and technology of pipeline engineering.

Over the last four decades the pipeline network of IndianOil has grown to 10,899 km

Research & DevelopmentIndianOil's worldclass R&D Centre, established in 1972, has state-of the art facilities and has delivered pioneering results in lubricants technology, refining process, pipeline transportation, bio-fuels and fuel-efficient appliances.

Over the past three decades, IndianOil R&D Centre has developed over thousands of formulations of lubricating oils and greases responding to the needs of Indian industry and consuming sectors like Defence, Railways, Public Utilities and Transportation.

The Centre has also developed and introduced many new lubricant products to the Indian market like multigrade railroad oils.

MarketingIndianOil provides a wide range of marketing services and consultancy in fuel handling, distribution, storage and fuel/lube technical services.

With a formidable bank of technical and engineering talent, IndianOil is fully equipped to handle small to large-scale infrastructural projects in the petroleum downstream sector anywhere in the country.

Oil & Gas Training ServicesThe IndianOil Institute of Petroleum Management- a centre of excellence for nurturing future leadership, situated on the outskirts of New Delhi, conducts advanced management education programmes in collaboration with premier business schools and top line professionals.

IndianOil operates 18 training centres across the country for up-skilling, re-skilling and multi-skilling of employees in its pursuit of corporate excellence.

Recent Events

Indian Oil Corporation , (IOC) has announced its third quarter results. The company's Q3 net profit was up 52% at Rs 2,488 crore versus Rs 1,635 crore year-on-year.

It net sales were up 29% at Rs 98,272 crore versus Rs 75,891 crore, YoY.

Its forex loss of Rs 4,315 crore.

Share Price movement

Source:

www.iocl.com

www.moneycontrol.com

www.moneycontrol.com

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ROSHANKUMAR Roshankumar S Pimpalkar