Indian Oil Corporation Ltd. · New Delhi India
Company Description
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This link will open in a new window Indian Oil, India's #1 oil refiner and former monopoly oil importer, has seen its opportunities uncapped. Of India's 20 refineries, the company owns 10, which have a combined capacity of 60.2 million metric tons per year (34% of India's total refining capacity). The group also owns more than 10,000 kilometers of pipeline and operates a chain of some 18,270 gas stations across India. India's largest commercial enterprise, Indian Oil has 71% of India's downstream pipeline throughput capacity, and its network of 35,000 retail outlets represents 49% of the country's petroleum products market share. The group also provides cooking gas to more than 50 million households. The government owns 80% of Indian Oil. To read the full description, subscribe now.
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Indian Oil Corporation Ltd. Reports
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Key Indian Oil Corporation Ltd. Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | March |
| 2008 Sales (mil.) | $62,857.2 |
| 2008 Employees | 31,945 |
Indian Oil Corporation Ltd. Executives
70 executives listed for Indian Oil Corporation Ltd.'s New Delhi India location.
| Title | Name & Bio | Contact |
| Chairman | Sarthak Behuria | |
| Director Finance and Board Member | Serangulam Narasimhan | |
| Executive Director Information Systems | S. S. Soni |
Competition
Competitive Landscape for Indian Oil Corporation Ltd.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Indian Oil Corporation Ltd. Competitors
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