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IndianOil is currently metamorphosing from a pure sectoral company with dominance in downstream in India to a vertically integrated, transnational energy behemoth. The Corporation is already on the way to becoming a major player in petrochemicals by integrating its core refining business with petrochemical activities, besides making large investments in E&P and import/marketing ventures for oil&gas in India and abroad.
Besides two refining subsidiaries, Chennai Petroleum Corporation Ltd. and Bongaigaon Refinery&Petrochemicals Ltd., subsidiaries are operational in Sri Lanka, Mauritius, and UAE.
With a vision to evolve into a major technology provider through excellence in management of knowledge and innovation, IndianOil has launched IndianOil Technology Ltd. to market the intellectual properties developed by IndianOil's R&D Centre.
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