Indian Oil Corporation
| Indian Oil Corporation, Ltd.
|
|
|---|---|
 |
|
| legal form | Limited |
| ISIN | INE242A01010 |
| founding | 1964 |
| Seat | New Delhi |
| management | Ranbir Singh Butola |
| Number of employees | 33,000 (as of 2016) |
| Branch | oil |
| Website | www.iocl.com |
Indian Oil Corporation , Ltd. ( IOCL ) is an Indian mineral oil company headquartered in New Delhi .
The company, now run by Ranbir Singh Butola , was created in 1964 through the merger of Indian Oil Company Ltd. (founded 1959) and Indian Refineries Ltd. (founded in 1958) and is majority-controlled by the Indian government.
facts and figures
IOCL is the largest oil company from India and employed around 33,000 people in 2016.
IOCL has refineries in Panipat , Mathura , Barauni , Guwahati , Haldia , Vadodara and Digboi that processed 47.4 million tons of crude oil in fiscal 2007/2008. IOCL holds control shares in the Indian company CPLC , Ltd., which operates refineries near Chennai , among other things .
The company was listed at number 135 on the Fortune Global 500 in 2007 .
On August 13, 2015 it became known: The state of India wants to sell a 10% stake and has commissioned 5 banks, including Deutsche Bank, to process the transaction.
Web links
- Official website (English)
Individual evidence
- ^ Indian Oil Corporation: Ranbir Singh Butola
- ↑ Times of India: Butola heads for IOC, Singh to head BPCL
- ↑ Who we are - company description. iocl.com, accessed August 22, 2016 .
- ↑ http://www.iocl.com/MediaCenter/News.aspx?NewsTypeID=8&NewsID=2234
- ↑ http://orf.at/#/stories/2293625/ India could sell stake in state oil company, ORF.at, August 13, 2015.