Mr. Gurmeet Singh, Director (Marketing), IndianOil receives the award for the best Corporate
in Oil (Refining & Marketing) category at Dun & Bradstreet’s Annual Corporate Awards 2019
IndianOil has bagged the award of the best company in the Oil (Refining & Marketing) category at Dun & Bradstreet's Annual Corporate Awards 2019 ceremony held at Mumbai. Mr. Gurmeet Singh, Director (Marketing), IndianOil, received the award on behalf of the Corporation. Also present on the occasion were senior bureaucrats, CEOs of companies, eminent corporate leaders and professionals.
Instituted by Dun & Bradstreet in the year 2006, these awards commemorate outstanding performers among Indian Corporates. It has, till date, honoured the Top 500 Companies in India, thus recognizing their role as 'Champions of Change' in the transformation of the country.
IndianOil is India's top-ranked Fortune 'Global 500' company (Ranked at 137 globally) and the flagship national oil major present across the hydrocarbon value chain. With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil plays a significant role in fuelling the socio-economic development of the country.
With a mandate to ensure India's energy security and self-sufficiency in refining & marketing of petroleum products, lndianOil has been providing energy access to millions of people across the length and breadth of the country through its ever-expanding network of over 50,000 customer touch-points.
With a turnover of Rs. 6,05,924 crore and a net profit of Rs. 16,894 crore in 2018-19, lndianOil is recognised as one of India's most valuable companies. The Company continues to be the largest contributor to the national exchequer in the form of duties and taxes. During the year 2018-19, Rs. 1,93,422 crore was paid to the exchequer as against Rs. 1,90,670 crore paid in the previous year.
The company owns 11 of India's 23 refineries. With sales of nearly 90 million tonnes of petroleum products in 2018-19, IndianOil accounts for almost half of the market share of petroleum products in India. As the industry leader in retail sales, IndianOil completed automation of its 27,700-strong fuel stations network during the year to enhance Q&Q (quality & quantity) assurance to its customers.
IndianOil is investing Rs. 27,000 crore in alternative energy and sustainable development projects. Besides a target to raise its solar energy and wind-power portfolio to 260 MW by the year 2020, the Corporation has initiated diversification into alternative, renewable energy and bio-fuels - 2G and 3G ethanol, waste-to-energy and compressed bio-gas (CBG).
IndianOil's success lies in its endeavour to touch and transform the lives of millions of people across the country. For IndianOil, that's a brand identity that brings Energy to Life.