Table of Contents
Who was the first chairman of Indian Oil?
-New IOC chief M S Ramachandran on April 1st took over as chairman of the company.
Who is the founder of Indian Oil Corporation?
Shrikant Madhav Vaidya
Indian Oil Corporation
| The Energy of India | |
|---|---|
| Type | Government Corporation |
| Area served | India, Sri Lanka, Middle East, Mauritius & Worldwide |
| Key people | Shrikant Madhav Vaidya (Chairman) |
| Products | LNG Lubricants Natural gas Petrochemicals Petroleum |
When was Iocl established?
June 30, 1959
Indian Oil Corporation/Founded
Which is the largest pipeline in India?
Kandla–Bhatinda Oil Pipeline
Kandla–Bhatinda Oil Pipeline (KBPL) was started in 1993 and it was commissioned in 1996. It is the largest oil pipeline in India.
When was Indian Oil established?
What is the history of Indian Oil Corporation?
Indian Oil Corporation Ltd was established in the year 1959 as Indian Oil Company Ltd. In the year 1964 Indian Refineries Ltd merged with Indian Oil Corporation Ltd. Indian Oil Blending Ltd a wholly owned subsidiary was merged with Indian Oil on May 2006.
How many business divisions are there in Indian Oil Company?
There are seven major business divisions in the organization: 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.
What is the employee strength of Indian Oil Company?
As of 31 March 2017 IndianOil’s employee strength is 33,135, out of which 16,545 are in the officer cadre. It is India’s largest downstream oil company, with a work force of more than 33,000 employees, a turnover of Rs. 506,428 crore and a net profit of Rs. 21,346 crore in 2017-18.
Who are the private competitors of Indian Oil Company?
Major private competitors include – Reliance Petroleum, Essar Oil and Shell . India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels (5,950,000 m 3 ), enough for two weeks of consumption.