You asked for — who is the owner of Indian Oil Corporation?

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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

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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. [4] It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas.

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And did you know: One of India’s most significant and largest petrochemical corporations is Indian Oil Corporation Limited (IOCL). In India, the company operates and owns 26,489 fuel stations. They operate nationwide and contribute technology and innovation to the energy sector. We will assist in tying this top brand to a dealership for an Indian oil fuel station to join the revolution.
Did you know: Reputed surveys continue to rate IndianOil as one of the dominant energy brands in the global world. It’s the leading Indian company in Forbes ‘Global 500’. According to its listings, IOCL ranks at first position as Indian corporate and occupies the 161st position in the world for the year 2016.

You will most likely be interested in this

Who is the CEO of IndianOil?
The reply will be: Mr Shrikant Madhav Vaidya heads the Fortune-500 Indian energy behemoth Indian Oil Corporation Ltd (IndianOil), India’s largest oil refiner and fuel retailer.
Which is the largest government owned oil company in India?
As an answer to this: Oil and Natural Gas Corporation (ONGC)
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.
Are majority of Indian refineries privately owned?
There are total 23 refineries in the country, 18 in the Public Sector, 2 in the Joint Venture and 3 in the Private Sector well spread geographically and connected with cross country pipelines.
Is it good to invest in IOC?
Answer will be: We maintain a ‘buy’ rating with a target price of Rs 125 based on EV/EBITDA of 5.5x FY24E as the earnings environment stabilizes," it said. Prabhudas’ target suggests an upside of 44 per cent its previous close at Rs 87. IOC is set to commission various projects over the next two years, driving further growth.

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