The owner of Indian Oil Corporation is the Government of India.
Detailed answer to your inquiry
As an expert in the field, I can confidently confirm that the owner of Indian Oil Corporation is indeed the Government of India. This state-owned enterprise, established in 1959, is the largest commercial enterprise in the country and plays a crucial role in India’s energy sector.
Indian Oil Corporation, also known as IOCL, is a leading integrated oil refining and marketing company. It not only operates India’s largest network of refineries but also supplies a variety of petroleum products to consumers across the nation. The company is responsible for refining, distributing, and marketing a vast range of products, including petrol, diesel, liquefied petroleum gas (LPG), aviation turbine fuel, lubricants, and many more.
To further illustrate the significance of the Indian Oil Corporation, let me share a quote from Ratan Tata, the renowned Indian industrialist and philanthropist:
“Indian Oil has a vital role in fueling the nation’s growth and enriching the lives of millions of Indians.”
Here are some interesting facts about Indian Oil Corporation:
Massive Refining Capacity: IOCL operates 11 refineries across India, with a combined refining capacity of 80.7 million metric tonnes per annum (MMTPA). This makes it the largest refiner in India.
Extensive Pipeline Network: The corporation maintains an extensive pipeline network of approximately 13,500 kilometers, transporting petroleum products from refineries to various depots and terminals across the country.
Diverse Business Segments: IOCL is not only engaged in refining and marketing but also has interests in petrochemicals, exploration, and production of crude oil and natural gas. It has ventured into sectors like renewable energy, hydrogen fuel cells, and other innovative technologies.
International Presence: While predominantly focused on the domestic market, Indian Oil Corporation has also made its mark globally. It has subsidiaries in Sri Lanka, Mauritius, the United Arab Emirates, and several other countries. The corporation also has joint ventures with international petroleum companies.
To provide a comprehensive overview, here is a table showcasing the major refineries owned by IOCL:
|Refinery||Location||Refining Capacity (MMTPA)|
|Panipat Refinery||Panipat, Haryana||15|
|Mathura Refinery||Mathura, Uttar Pradesh||8.0|
|Digboi Refinery||Digboi, Assam||0.65|
|Guwahati Refinery||Guwahati, Assam||1.0|
|Barauni Refinery||Barauni, Bihar||6.0|
|Haldia Refinery||Haldia, West Bengal||7.5|
In conclusion, the Indian Oil Corporation, owned by the Government of India, stands as a major player in the country’s energy sector. With its vast refining capacity, extensive pipeline network, and diversified business segments, it continues to fuel the nation’s growth while striving for excellence and innovation in the petroleum industry.
Response to your question in video format
In an interview with Indian Oil Corporation Chairman Mr. Shrikant Madhav Vaidya, he expresses his joy and admiration for the event, while specifically mentioning his experience of playing chess against Magnus Carlsen. Vaidya emphasizes Indian Oil’s dedication to developing sports, particularly chess, and emphasizes the importance of corporate sponsorship in uplifting the sporting community. He urges other international corporate entities to emulate Indian Oil’s support of young sports stars.
I found further information on the Internet
Indian Oil Corporation Limited (IOCL; d/b/a IndianOil) is an Indian multinational oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.
Indian Oil Corporation Limited ( IOCL; d/b/a IndianOil) is an Indian multinational oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi.  It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas.
It will be interesting for you
You will most likely be interested in this
Oil and Natural Gas Corporation (ONGC)
Based out of New Delhi, ONGC is a Government-owned Maharatna company that was founded in 1956. The operations of ONGC which is the largest oil company in India are centered around the extraction of crude oil and successfully accounts for 70% of the country’s total oil production.