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30 Apr 2022
30 Apr 2022
Indian Oil walks on the pavement of progress, and get sustainable growth with the enhance of the business, which brings positive impact to the business. Indian Oil Corporation Ltd was established in the year 1959, and joined its hands with Indian Oil Corporation Ltd. It has a responsible business nature, which brings profit in hundredfold.
It brings sustainable business practices, which helps in maintaining and escalate the status of the business in the market, which attracts the interest of more people towards it, and brings more productivity. IOCL is a flagship national oil company of India with having its business from refining pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas marketing of natural gas and petrochemicals.
Its tagline Our groundwork takes you sky-high.
Bringing Energy to Life. With this slogan, the company shows its aim to make the people enthusiastic by bringing energy to their life.
To broaden its horizons, expand across new vistas, and infuse new-age dynamism among its employees.
IOCL marks its importance in extending its hands to a wide extent in the field of refining and marketing. The efforts of IOCL take its efforts in the experience of operating the largest number of refineries in India and also adapts a variety of refining processes.
The refining business of IOCL includes: Atmospheric/Vacuum Distillation, Distillate FCC/Resid FCC, Hydrocracking, Hydrogen Generation, Delayed Coking, Visbreaking, Hydro-Desulphirisation of Kerosene&Gasoil streams, Sulphur recovery, Dewaxing, Wax Hydro finishing; Coke Calcining, etc.
It marks its importance in commissioning grassroots refineries and modern process units. Procedures for commissioning and start-up of individual units and the refinery have been laid out properly and enshrined in various customized operating manuals. The Refineries teams of the company have a proper understanding of the complexities of all the process units of modern refineries.
Cross-country pipelines are globally recognized as the safest, cost-effective, energy-efficient, and environment-friendly mode for transportation of crude oil and petroleum products. The Mallavaram-Vijaipur, Mehsana-Bhatinda, and Bhatinda-Srinagar pipelines mark their significance in the company in the gas transmission business.
Cross country underground pipelines mostly mark their origin in the agricultural fields, and sometimes also pass through the vicinity of villages and towns.
More than fifty thousand Kilometres of oil and gas pipelines criss-cross the country shows their attribute in safely transporting natural gas, crude oil, and petroleum products every day.
Pipelines are the most secured, safest, and most efficient mode of fuel transportation, both for the public and the environment. The company is one of the largest pipeline transportation companies in India and operates in most of the states. It transports natural gas, crude oil, and other products.
IOCL was founded in 1959 and has so far been successful in meeting the fuel demands. It marks its attribute in being a dominant energy brand, which consists of high-quality products.
Many surveys rate it as the dominant energy brand in India, and also a symbol for high-quality petroleum products and services. Several landmarks surveys rate it as the dominant energy brand in the country and also brings high-quality petroleum products and services.
The marketing mix usually refers to the set of actions, or tactics, that a company uses for promoting its brand or product in a particular market. It is considered the best business strategy of IOCL as it is centered around the product, price, place, and promotion. It also helps in the marketing mix of the company marketing.
The petroleum products, produced for specific applications are known as, Petrochemicals and Specialties (P&S) Products. India is amongst the fastest-growing petrochemicals markets in the world.
It is taking efforts in building its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of its customer base. It marks its attribute in being identified as a prime driver of future growth by IOC.
A separate Strategic Business Unit (SBU) has been created in IndianOil for the marketing of petrochemicals, which has five exclusive sub-groups, classified product-wise (LAB, Aromatics & Chemicals, Polymers) and function-wise (Logistics & Exports).
The oil and gas sector has built up its place among the eight core industries in India and plays a crucial role in influencing decision-making for all the other important sections of the economy.
The economic growth of India is aligned with its energy demand, therefore, the need for oil and gas is expected to grow more. Natural gas marketing is a relatively new addition to the natural gas industry. Its role is quite complex and does not get adjusted exactly into any one spot.
IOC and NTPC jointly store renewable energy or other cleaner forms of energy, which includes gas-based power, to serve the refineries and other installations of the former. Bio marks its origin from the waste like agricultural residue, cattle dung, sugarcane press mud, municipal solid waste, sewage treatment plant waste, etc.
When it goes from the purification process, it gets compressed and called CBG, which has high methane content and is similar to commercially available natural gas. It also marks its attribute for being used as a renewable automotive fuel.
AutoGas (LPG) marks its importance in being a clean, high octane, abundant and eco-friendly fuel, and is obtained from natural gas through fractionation and from crude oil through refining. It is the mixture of two petroleum gases like propane and butane.
By considering safety, the use of automotive fuel has become legal in India. AutoGas marks its attribute in putting less impact on greenhouse emissions than any other fossil fuel.
Conversion of petrol to AutoGas marks its importance in substantially reducing the air pollution caused which by vehicular emissions.
The year 2003 marks its importance in being new eco-friendly which is known Gasohol and combines 5% ethanol which is obtained through Sugarcane molasses. The carbon monoxide levels get reduced and bring an eco-friendly environment, which provides benefits in several ways.
Biodiesel is synthesized by a simple chemical reaction of alcohols with vegetables and is an alternative fuel. It is made from edible oils like the Soyabean, and Palm oil. The company has made the process perfect for producing biodiesel from various non-edible oils. It also tests the produced biodiesel for its properties.
Biodiesel offers a clean-burning renewable fuel alternative to conventional petroleum-based fuels. Integrating biofuels and other renewable fuel types are produced within the country, which helps in strengthening national security and lowering transportation energy costs for the businesses.
Hydrogen holds the potential to provide a clean and reliable source of energy that can be used in a wide range of applications, including the transport sector. Besides ensuring energy security to the nation, the environmental benefits of using Hydrogen in a fuel cell vehicle could be significant.
Petrochemicals marks its importance in being used in cars, packaging, household goods, medical equipment, paints, clothing and building material, it shows its attribute in being identified as a prime driver of future growth by IOCL. It contributes around 24% in the total revenue share of the company.
Refining Business brings Atmospheric/Vacuum Distillation, Distillate FCC/Resid FCC, Hydrocracking, Catalytic Reforming, Hydrogen Generation, Delayed Coking, Lube Processing Units, and many more.
The efforts of the company take its efforts in the experience of operating the largest number of refineries in India and also adapts a variety of refining processes. Biodiesel offers a clean-burning renewable fuel alternative to conventional petroleum-based fuels. The oil and refining business of IOCL contributes around 68% of the total revenue share.
Hydrogen holds the potential to provide a clean and reliable source of energy that can be used in a wide range of applications, including the transport sector. AutoGas (LPG) marks its importance in being a clean, high octane, abundant and eco-friendly fuel. The oil and gas business of IOCL contributes around 2% of the total revenue share, whereas 6% is contributed by the other businesses.
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