Who we are

The Energy Vision

Welcome to the world of IndianOil, a diversified, integrated energy major with presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources; a world of high-calibre people, state-of-the-art technologies and cutting-edge R&D; a world of best practices, quality-consciousness and transparency; and a world where energy in all its forms is tapped most responsibly and delivered to the consumers most affordably.

Welcome to IndianOil, The Energy of India.

The Energy for India's Rise

Being The Energy of India is much more than just notching up a high revenue (Rs 5,14,890 crore revenue from operations in 2020-21). It is far more than being the highest-ranked Indian Energy PSU (Rank 212) in Fortune's 'Global 500' listing and the vision to become 'A Globally Admired Company.'

Being The Energy of India is about IndianOil, with its over 33,500-strong team, taking the lead in meeting India's energy demands efficiently and effectively today, just as it has done over the last six decades and an enterprise that fuels India's core sector for economic development.

Being The Energy of India is about IndianOil's business interests encompassing the entire hydrocarbon value chain- from refining, pipeline transportation & marketing, to exploration & production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations.

Being The Energy of India is also about IndianOil's global aspirations, fulfilled to an extent by the formation of subsidiaries in several countries, including Sri Lanka, Mauritius, the UAE. It is about pursuing diverse business interests by setting up multiple strategic joint ventures with reputed business partners from India and abroad to explore global opportunities.

Taking the Lead to Fuel India's Energy Needs

As The Energy of India, IndianOil accounts for nearly half of India's petroleum products market share, with sales of 81.027 million metric tonnes (MMT) in the year 2020-21. IndianOil has a group refining capacity of 80.55 MMTPA and over 15,000 KM of pipeline network dedicated to fuel India's economic rise. IndianOil led the downstream PSUs in becoming fully BS-VI compliant, ensuring a seamless pan-India transition from BS-IV directly to BS-VI grade transport fuels by 16th March, 2020, a full fortnight ahead of the 1st April 2020 deadline.

IndianOil's cross-country pipeline network facilitates crude oil transportation to refineries and finished products to high-demand centres in an efficient, economical, and environment-friendly manner. The network has been globally benchmarked as the safest, cost-effective, energy-efficient and environment friendly and stands as a firm testimony to our engineering brilliance.

Energy at the Doorstep, Services at a Click

As the commercial enterprise with the largest customer interface in India, IndianOil reaches precious petroleum fuels to every nook and corner of the country through its network of over 56,000 customer touch-points, surmounting the challenges of tough terrain, climate and accessibility. This includes 32,000+ fuel stations (petrol pumps), including Kisan Seva Kendra (KSK) outlets in rural markets, all of them fully automated for quality & quantity assurance. For the convenience of large-volume consumers like the defence services, railways, state transport undertakings, industrial, agricultural and marine sectors, IndianOil has close to 7,000 dedicated fuel pumps in operation at their doorstep to ensure timely delivery of products and efficient maintenance of inventory.

For IndianOil, all customers, bulk or retail, are equal and have the right to quality products and efficient services. With this belief, the IndianOil team reaches Indane LPG cooking gas right up to the doorsteps of households through a network of over 12,700 distributors. The Corporation is promoting LPG aggressively as a clean cooking fuel across socio-economic divides. IndianOil's Aviation Service commands a majority market share in aviation fuel, serving national and international flag carriers, private airlines and the Indian defence services with equal efficiency.

The countrywide marketing network is backed for supplies by 118 bulk storage terminals and depots and 95 LPG bottling plants, besides 121 aviation fuel stations and 10 lube blending plants. As the 'company of choice' for millions of customers from diverse segments, IndianOil has also built up a portfolio of leading energy brands, including Indane LPG cooking gas, SERVO lubricants, XP100 100-Octane petrol, XtraTej, PROPEL petrochemicals, etc. Besides the corporate brand, both SERVO and Indane are over 50-year-old brands and have earned the coveted Superbrand status.

Advanced R&D, to be Future-Ready

IndianOil's sprawling R&D Centre at Faridabad, one of Asia's finest in downstream petroleum R&D, offers competitive advantage to the Corporation through world-class technology and process solutions and innovative products. With over six decades of pioneering work in lubricants formulation, refinery processes and pipeline transportation, the Centre has over 1160 effective patents.

Over 1000 grades of lubricants developed by R&D are marketed under the super lubricant brand name "SERVO" encompassing every conceivable application for complete lubrication solutions in the automotive, industrial and marine segments. The centre further act as a solution provider to the rising demand for innovative lubricants to achieve fuel economy & energy efficiency, especially for the Indian Defense Forces, by indigenising the specialised products. We have also demonstrated our innovative prowess in development of basket of technologies, highly relevant in the emerging scenario, and their successful commercialization.

The Centre's forte includes alternative energy programmes in bio-energy, solar energy, Hydrogen energy, H-CNG blends, synthetic fuels and shale oil. It is also focussing on cutting-edge research in nanotechnology, petrochemicals & polymers, coal gasification/liquefaction, and gas-to-liquid technologies. The Centre is also nurturing an eco-system conducive for innovations in the domestic hydrocarbons sector through a Startup Fund .

Synergy Beyond Energy

Over the past decade, IndianOil has assiduously built its new businesses, that is, petrochemicals and natural gas marketing, to a level where they have achieved integration with the core verticals. The Corporation's upstream forays into Exploration & production have also yielded significant results in the form of a sizeable portfolio of oil & gas assets in India and abroad.

Besides being the second-largest player in the domestic petrochemicals market, IndianOil exports to over 70 countries, offering the complete slate of petrochemical products and intermediates under the brand name PROPEL. The Corporation has set up world-scale petrochemical plants at Gujarat, Panipat and Paradip refineries over the last two decades with a capex of over Rs. 25,000 crore, and has firm plans for further investments to consolidate the business, expand capacities and enter niche grades. These projects include revamp/augmentation of existing capacities and new projects, forward integration plans into plastics and textiles parks, as well as equity investment in Hindustan Urvarak & Rasayan Ltd. (HURL) for production of fertilizer.

As one of the major players in India in natural gas, IndianOil is aggressively promoting this eco-friendly fuel among all user segments: industry-transport-homes-commercial establishments. The Corporation aspires for leadership in the R-LNG segment, and is investing/enhancing share in LNG sourcing, import terminals, cross-country gas pipelines, city gas distribution (CGD) networks and bulk supplies by road-tankers. With an ambitious agenda of covering 40 Geographical Areas (GA) on its own as well as with reputed joint venture partners, IndianOil is poised to offer piped natural gas (PNG) to households and compressed natural gas (CNG) as auto-fuel.

Upstream integration into E&P defines IndianOil's vision to bolster its energy security by way of strategic investments in oil equity across the globe. The Upstream portfolio consists of 9 domestic and 11 overseas assets. With an upstream integration ratio over 5% and a balanced portfolio of producing, discovered and exploration assets, the Corporation has achieved significant progress in terms of 2P reserves, production volumes, equity oil and revenues.

Besides a concerted focus on refinery expansions, new technologies for clean fuels & enhanced outputs, and refinery-petrochemicals integration, IndianOil is aggressively leveraging its R&D expertise to move into horizon technologies like 2G & 3G ethanol, bio-fuels, coal gasification, H-CNG, Green Hydrogen, Hydrogen fuel cells, battery technologies, etc. These technologies, along with cleaner fuels and higher engine efficiencies, can offer sustainable solutions to today's energy challenges.

Fuelling India's Green Energy Quest

A green initiative of enormous potential is SATAT (Sustainable Alternative Towards Affordable Transportation), whereby Compressed Bio-Gas (CBG) produced from organic waste or biomass like farm residue, cattle dung, sugarcane press mud, etc., by entrepreneurs will be marketed for use in automotive, industrial and commercial sectors in local markets. We are the only Oil marketing Company offering CBG under the brand name 'IndiGreen'.

IndianOil has a strategic intent to scale up its presence in e-mobility by equipping its customer touch-points with turbo-charging and battery-swapping facilities for EVs and plug-in hybrids. IndianOil R&D is foraying into energy storage and batteries as a new and profitable business avenue It has also undertaken trials of Hydrogen-spiked CNG, or H-CNG, derived from on-site compact reformers in bus fleets to reduce tailpipe emissions while at the same time enhancing mileage. The Centre is also working on Hydrogen fuel cells for transport applications, where Hydrogen is produced through the renewable route. As India's first company, IndianOil will also be setting up a green hydrogen plant at its Mathura Refinery.

Sustaining Responsible Growth

As one of the flagship public sector enterprises of India, IndianOil has successfully combined its corporate social responsibility agenda with its business offerings, meeting the energy needs of millions of people every day, across the country.

The Corporation has been partnering communities in which it operates by supporting innumerable initiatives connected with health, family welfare, education, environment protection, provision of potable water, sanitation, and empowerment of women and other marginalised groups.

IndianOil has always been leading from the front in times of national emergencies, and has time and again rallied to help victims of natural calamities by maintaining an uninterrupted supply of petroleum products and contributing to relief and rehabilitation measures in cash and kind.

Annual Financial Results 2020-21
Annual Report 2020-21