Company Profile
Indian Oil Corporation provides the oil, gas, petrochemicals, and alternative energy source businesses in India and globally. Its business is organized into Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and segments.
The company is involved in the refining of petroleum products. Its portfolio also includes exploration and production of crude oil and gas, explosives and cryogenic businesses, pipeline transportation of crude oil, petroleum, and gas, petrochemicals and gasoline, gas and LPG marketing, R&D, city gas distribution, and downstream operations
Low carbon, new, clean, and green energy businesses. Its portfolio also includes lube blending, marketing of lubricants and base oil, participation in the shale gas asset project, crude oil trading, import and export of petroleum products, investment in E&P assets, battery technology, and alternative energy technology companies, and wind mill and solar power generation.
Additionally, it provides terminalling, retailing, aviation refueling, and bunkering; and financial services, as well as operates fuel stations. The company serves motorists, households, businesses, society, suppliers, business partners, and the sports industry.
Formerly known as Indian Oil Company Limited, the company rebranded as Indian Oil Corporation Limited in September 1964. Indian Oil Corporation Limited was incorporated in 1959 and is based in New Delhi, India.