What Does Indian Oil Corporation Ltd. Do?

Total employees31095
HeadquartersNew Delhi
Founded1964

Indian Oil Corporation Ltd. (IOCL) is India's largest national oil company and a Maharatna Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas, Government of India. It is a diversified, integrated energy major with presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources. IOCL's business interests encompass the entire hydrocarbon value chain – from refining, pipeline transportation, and marketing of petroleum products to R&D, exploration & production of crude oil & gas, petrochemicals, and venturing into new energy like green hydrogen and electric mobility. It plays a critical role in India's energy security.

Where Is Indian Oil Corporation Ltd.'s Headquarters?

HQ Function

Serves as the central hub for strategic planning, corporate governance, policy formulation, financial management, and nationwide operational oversight for all business verticals of Indian Oil.

Notable Features:

The IndianOil Bhavan in New Delhi is a modern office complex designed to support extensive corporate operations. It houses various corporate departments and facilitates high-level decision-making for the energy giant. The building is often a landmark representing the company's significant presence.

Work Culture:

The work culture at IOCL headquarters is characterized by a blend of public sector ethos and modern corporate practices. It emphasizes professionalism, adherence to processes, national service, technical expertise, and continuous learning. There's a strong focus on safety, employee welfare, and contributing to India's energy security.

HQ Significance:

The New Delhi headquarters is crucial for coordinating India's largest energy supply chain, liaising with various government ministries (especially the Ministry of Petroleum and Natural Gas), and directing national energy policies, investments, and strategic initiatives.

Values Reflected in HQ: The headquarters and its operations embody IOCL's core values: Nation-building, Energy Security, Innovation, Care, Integrity, and Passion. Its strategic location and functions highlight its commitment to India's growth and energy self-sufficiency.

Location:

IndianOil Corporation Ltd. extends its operations and interests beyond India's borders through subsidiaries, joint ventures, and strategic alliances. Key international operations include Lanka IOC PLC in Sri Lanka, IndianOil (Mauritius) Ltd. in Mauritius, and IOC Middle East FZE in the UAE. The company is also involved in upstream exploration and production activities in countries like USA, Canada, Russia, Venezuela, and Gabon. Furthermore, IOCL engages in global trading of crude oil and petroleum products, provides consultancy services in the hydrocarbon sector, and explores opportunities in emerging energy markets worldwide, supporting India's energy security objectives and expanding its international footprint.

Street Address:

IndianOil Bhavan, 1, Sri Aurobindo Marg, Yusuf Sarai

City:

New Delhi

State/Province:

Delhi

Country:

India

Where Else Does Indian Oil Corporation Ltd. Operate Around the World?

Mumbai, Maharashtra/India

Address: IndianOil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai - 400 051

To manage and coordinate IOCL's extensive marketing and distribution network, supply chain logistics, and execution of strategic initiatives in the Western region of India, ensuring energy availability and customer satisfaction.

Panipat, Haryana/India

Address: Panipat Refinery & Petrochemical Complex, Panipat, Haryana

To refine crude oil into various petroleum products meeting the energy demands of Northern India and to produce critical petrochemical intermediates, contributing significantly to the national economy and industrial feedstock supply.

Buying Intent Signals for Indian Oil Corporation Ltd.

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Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Indian Oil Corporation Ltd.? Meet the Executive Team

As of April 2025, Indian Oil Corporation Ltd.' leadership includes:

Shrikant Madhav Vaidya - Chairman (Also holding additional charge of Director - Finance)
Ms. Rashmi Govil - Director (Human Resources)
Mr. V. Satish Kumar - Director (Marketing)
Ms. Sukla Mistry - Director (Refineries)
Mr. D. S. Nanaware - Director (Pipelines)
Dr. S.S.V. Ramakumar - Director (Research & Development)
Mr. Sujoy Choudhury - Director (Planning & Business Development)

Who's Investing in Indian Oil Corporation Ltd.?

Indian Oil Corporation Ltd. has been backed by several prominent investors over the years, including:

President of India (Government of India)
Life Insurance Corporation of India (LIC)
Oil India Limited
General Public & Other Institutions

What Leadership Changes Has Indian Oil Corporation Ltd. Seen Recently?

Hire3
Exits0

Indian Oil Corporation Ltd. has experienced significant leadership updates in the last 12 months, with key appointments strengthening its directorial board. Notably, new Directors for Human Resources, Marketing, and Planning & Business Development have been appointed, and the Chairman has assumed additional responsibility for the Finance portfolio.

New Appointments:

Ms. Rashmi Govil, Ms. Rashmi Govil took charge as Director (HR) of IndianOil.
Mr. V. Satish Kumar, Mr. V. Satish Kumar assumed the role of Director (Marketing).
Mr. Sujoy Choudhury, Mr. Sujoy Choudhury appointed as Director (Planning & Business Development).

What Technology (Tech Stack) Is Used byIndian Oil Corporation Ltd.?

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Indian Oil Corporation Ltd. Email Formats and Examples

Indian Oil Corporation Ltd. (IOCL) primarily uses a standardized email format for its employees. The most common format appears to be the employee's last name followed by their first initial, or a variation like first initial then last name, at the iocl.in domain. For general inquiries, specific departmental email addresses are also available on their website.

lastnamefi@iocl.in or finitiallastname@iocl.in

Format

vaidyas@iocl.in

Example

75%

Success rate

What's the Latest News About Indian Oil Corporation Ltd.?

Multiple Financial News Outlets (e.g., Business Standard, Economic Times)April 30, 2024

Indian Oil Corporation Ltd. Q4 FY24 Results: Net profit halves to ₹4,838 cr, declares ₹7 dividend

Indian Oil Corporation Ltd (IOCL) reported a 52% year-on-year decrease in its standalone net profit to ₹4,837.69 crore for the quarter ended March 31, 2024, compared to ₹10,058.69 crore in the same period last year. The company's board also recommended a final dividend of ₹7 per equity share for the financial year 2023-24....more

Business StandardApril 5, 2024

IndianOil sets up wholly-owned subsidiary IOCL Green Energy Ltd for green projects

Indian Oil Corporation (IOC) announced the incorporation of a wholly-owned subsidiary, IOCL Green Energy Limited, dedicated to its green energy initiatives. This new entity will consolidate IOC's investments in renewable energy sources such as solar, wind, green hydrogen, biofuels, and electric mobility, furthering its commitment to achieving net-zero operational emissions by 2046....more

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