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Indian Oil Corporation

Logo: Indian Oil, Public domain, via Wikimedia Commons4

Indian integrated energy company

Indian Oil Corporation Limited (IOCL), is an Indian multinational oil and gas company under the ownership of the Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai and headquartered in New Delhi. It is the largest government-owned oil producer in the country both in terms of capacity and revenue.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1964Founded1
  • Industrypetroleum industry1
  • HeadquartersNew Delhi1
  • Websitewww.iocl.com
  • Legal formpublic company1
  • LEI335800J8OBWE4VFUDG883
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressINDIAN OIL BHAVAN G-9 ALL YAVAR JUNG MARG BANDRA EAST MUMBAI, 400051 Mumbai, India3
  • Registered withMinistry of Corporate Affairs, L23201MH1959GOI0113883

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Indian Oil Corporation Limited (IOCL), (d/b/a Indian Oil) is an Indian multinational oil and gas company under the ownership of the Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai and headquartered in New Delhi. It is the largest government-owned oil producer in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA.2

Corporate structure

Indian Oil Corporation sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Indian Oil Corporation Mumbai, India
    • Chennai Petroleum Corporation Madras, India
    • INDIANOIL UPSTREAM VENTURES LIMITED Subsidiary · Mumbai, India
    • IOC GLOBAL CAPITAL MANAGEMENT IFSC LIMITED Subsidiary · Gandhinagar, India
    • IOCL SINGAPORE PTE. LTD Subsidiary · Singapore, Singapore

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

The story

In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18. In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020. By 1 April 2020, IndianOil was in absolute readiness to launch BS-VI (Bharat Stage VI) fuels in all its retail outlets in Telangana and adopt world-class emission norms.

In January 2021, sales were registered at an all-time high of 410,000 barrels of oil per day till 26 January 2021. Delek, QatarEnergy, and Saudi Aramco are its largest business partners, with Abu Dhabi National Oil Company and National Iranian Oil Company signing deals to deliver high production output by the end of 2020.

In March 2022, Apollo Hospitals replaced Indian Oil Corporation in Nifty 50 benchmark index.

From Wikipedia’s article on Indian Oil Corporation, shared under CC BY-SA 4.0.5

Products and brands

Operations

Business divisions

There are seven major business divisions in the organisation:

Refineries Division

Pipelines Division

Marketing Division

Read the full text

R&D Division

Petrochemicals Division

Exploration & Production (E&P) Division

Explosives and Cryogenics Division

Products and services

Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd. or CPCL), and 71% downstream sector pipelines through capacity. The Indian Oil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 million tonnes per year. Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km. The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metres per day at standard conditions for gas. On 19 November 2017, IOCL, in collaboration with Ola, launched India's first electric charging station at one of its petrol-diesel stations in Nagpur. Indian governments' National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of 6 to 8 million electric and hybrid vehicles in India by 2020.

Servo is the lubricants brand under which IOCL operates its lubricant business. Servo is the largest selling lubricant brand in both automotive and industrial segments.

It is said that deals with Royal Dutch Shell and Surgutneftegas and Chevron Corporation have been signed for exclusive business plans for supply in Asia with the Indian Oil Company, which are worth 20 billion dollars per year.

Oil refinery locations

Barauni Refinery

Bongaigaon Refinery

CPCL, Chennai

CPCL, Narimanam

Digboi Refinery

Guwahati Refinery

Haldia Refinery

Koyali Refinery

Mathura Refinery

Panipat Refinery

Paradip Refinery

Gujarat Refinery

Pipelines

Salaya - Mathura crude oil pipeline

Mundra - Panipat crude oil pipeline

Paradip-Haldia-Barauni crude oil pipeline

Kandla–Bhatinda Oil Pipeline

Koyali - Mohanpura product pipeline

Koyali - Ahmedabad product pipeline

Guwahati - Siliguri product pipeline

Barauni - Kanpur product pipeline

Patna-Motihari-Baitalpur Product pipeline

Haldia - Mourigram - Rajbandh product pipeline

Haldia - Barauni product pipeline

Panipat - Jalandhar LPG pipeline

Dadri - Panipat R-LNG pipeline

Koyali - Ratlam product pipeline

Koyali - Dahej/ Hazira product pipeline

Panipat - Bhatinda product pipeline

Panipat - Rewari product pipeline

Panipat - Ambala - Jalandhar product pipeline

Mathura - Delhi product pipeline

Mathura - Bharatpur product pipeline

Mathura - Tundla product pipeline

Chennai - Trichy - Madurai product pipeline

Chennai - Bangalore product pipeline

Chennai ATF pipeline

Bangalore ATF pipeline

Kolkata ATF pipeline

Paradip - Raipur - Ranchi product pipeline

Jaipur Panipat Naphtha Pipeline

Paradip - Hyderabad product pipeline

Paradip-Haldia-Barauni-Motihari LPG Pipeline

Paradip-Somnathpur-Haldia Product Pipeline

Foreign subsidiaries

Subsidiaries include:

IndianOil (Mauritius) Limited

IOC Middle East FZE, UAE

Lanka IOC PLC, Sri Lanka

IOC Sweden AB, Sweden

IOCL (USA) Inc., USA

IndOil Global B.V. Netherlands

IOCL Singapore Pte. Ltd.

From Wikipedia’s article on Indian Oil Corporation, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

  • India

Subsidiaries (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. 1964Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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