that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . august 2016 learn how and when to remove this template message indian oil corporation limited type public traded as bse 530965 nse ioc industry oil and gas founded 1959 headquarters new delhi india key people mr. b. ashok chairman products fuels lubricants petrochemicals revenue 4.45526 trillion us 66 billion 2015 1 operating income 105.50 billion us 1.6 billion 2015 1 net income 48.71 billion us 720 million 2015 1 total assets 1.28059 trillion us 19 billion 2015 1 owner government of india 58.57 % number of employees 34 659 2016 1 website www.iocl.com indian oil corporation indianoil is india s largest commercial enterprise with a net profit of 103.99 billion us 1.5 billion for the financial year 2015 16 . 2 standing true to its corporate vision of being the energy of india indianoil has been successfully meeting the energy demands of india for more than five decades . being india s flagship national oil company indianoil with a work force of 33 000 efficient minds is living their vision of becoming a globally admired company . it is the leading indian corporate in fortune s prestigious global 500 listing of world s largest corporates at 161st position for the year 2016 . 3 indianoil s business interests overlap the entire hydrocarbon value chain from refining pipeline transportation and marketing of petroleum products to exploration & production of crude oil . and from marketing of natural gas to petrochemicals . also indianoil has ventured into alternative energy and globalisation of downstream operations . with subsidiaries in sri lanka mauritius and the uae indianoil is scouting for new business opportunities in the energy markets across asia and africa . it has also formed about 20 joint ventures with reputed business partners from india and abroad to pursue diverse business interests . contents 1 downstream major 1.1 refineries 2 international rankings 3 employees 4 listing and shareholding 5 competitors 6 oil industry development board 7 references 8 external links downstream major edit world s highest retail outlet ladakh indianoil 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 . the indianoil group owns and operates 11 of india s 23 refineries with a combined refining capacity of 80.7 mmtpa million metric tonnes per annum . indianoil s cross country pipeline network for transportation of crude oil to refineries and finished products to high demand centres spans over 11 220 km . with a throughput capacity of 80.49 mmtpa for crude oil and petroleum products and 9.5 mmscmd for gas this network meets the vital energy needs of the consumers in an efficient economical and environment friendly manner . with a portfolio that is bedecked with leading energy brands like xtrapremium petrol xtramile diesel and propel petrochemicals indianoil s servo lubricants and indane lpg have earned the coveted superbrand status . refineries edit iocl has various refineries across india digboi refinery guwahati refinery bongaigaon refinery barauni refinery gujarat refinery haldia refinery mathura refinery panipat refinery is being expanded . 4 paradip refinery the 15 million tonnes per annum refinery in paradip in coastal odisha has been inaugurated by pm narendra modi on 7 february 2016 . 5 international rankings edit indianoil is the highest ranked indian company in the fortune global 500 listing at the 161th position in 2016 . it is also the 18th largest petroleum company in the world and the no. 1 petroleum trading company among the national oil companies in the asia pacific region . iocl was featured on the 2011 forbes global 2000 at position 243 . it is the fifth most valued brand in india according to an annual survey conducted by brand finance and the economic times in 2010 . 6 employees edit as of 31 march 2013 the company had 34 084 employees out of which 2643 were women 7.8 % . its workforce includes 14 981 officers . 7 the attrition rate in indianoil is around 1.5 % . 8 the company incurred inr 78 billion on employee benefits during the fy 2012 13 . 7 listing and shareholding edit indianoil s equity shares are listed on the bombay stock exchange and national stock exchange of india . 9 as of 23 august 2015 the promoters government of india held approx . 68.57 % of the shares in indianoil . ongc held approx . 9 % of the shares . remaining 12 % of the shares are held by others . 10 on 23 august 2015 the government of india reduced its stake by another 10 % bringing the number shares held to 58.57 % . 11 shareholders as on 23 august 2015 shareholding 10 promoter group government of india 58.57 % private single body 40.13 % insurance companies 01.50 % individual shareholders 0.83 % trusts 0.42 % foreign institutional investors fii 0.13 % others 0.07 % total 100.0 % competitors edit indian oil corporation has two major domestic competitors bharat petroleum and hindustan petroleum . both are state controlled like indian oil corporation . there are two private competitors reliance industries and essar oil . oil industry development board edit india has begun the development of a strategic crude oil reserve sized at 37.4 million barrels 5 950 000 m3 enough for two weeks of consumption . 12 petroleum stocks have been transferred from the indian oil corporation indianoil to the oil industry development board oidb . 13 the oidb then created the indian strategic petroleum reserves ltd isprl to serve as the controlling government agency for the strategic reserve . 14 references edit a b c d e financial statement indian oil corporation limited . moneycontrol . retrieved 27 january 2014 . http www.dnaindia.com money report indian oil corp is the second most profitable psu posts rs 10399 crore profit in fy16 2217214 hqcountry india fortune global 500 list india check url value help . golbal500 . retrieved 22 july 2016 . 1 . www.financialexpress.com ioc mulls expanding capacity at panipat refinery to 21 million tonne . the economic times . retrieved 29 november 2013 . pm narendra modi inaugurates indian oil s paradip refinery . ndtv.com . 7 february 2016 . india s top 10 brands . rediff.com . retrieved 26 october 2010 . a b iocl annual report 2012 13 pdf . bse india . retrieved 26 january 2014 . hightea chat transcript with mr. biswajit roy gm hrd indian oil corporation . times jobs . 22 january 2014 . retrieved 26 january 2014 . listing information indian oil corporation limited . economic times . retrieved 27 january 2014 . a b shareholding pattern . indian oil . 31 december 2013 . retrieved 27 january 2014 . govt to sell 10 % stake in indian oil corporation on monday . the times of india . alexander s gas & oil connections india to build up storage of crude oil . gasandoil.com . 21 september 2004 . retrieved 26 august 2010 . strategic oil reserves to come directly under govt . the hindu business line . 2 april 2006 . retrieved 26 august 2010 . india to form crude oil reserve of 5 mmt oil & gas energy news by industry news the economic times . economictimes.indiatimes.com . 20 june 2007 . retrieved 26 august 2010 . external links edit official website official website v t e central public sector companies of india air india balmer lawrie bharat electronics bharat heavy electricals limited bharat petroleum bharat sanchar nigam bhavini cement corporation of india coal india limited dredging corporation of india limited electronics corporation of india limited food corporation of india gail hindustan aeronautics limited hmt limited india trade promotion organisation indian oil corporation indian rare earths limited life insurance corporation of india mazagon dock limited mecon limited mahanagar telephone nigam limited ntpc limited nuclear power corporation of india oil and natural gas corporation power grid corporation of india praga tools limited rashtriya ispat nigam rural electrification corporation limited state bank of india steel authority of india uranium corporation of india v t e major indian companies economy of india list of companies of india automotive ashok leyland bajaj auto eicher motors hero motocorp hindustan motors mahindra & mahindra tafe tata motors tvs aerospace and defence bharat electronics drdo hal ordnance factories conglomerates aditya birla adani avantha bajaj bharti essar essel gmr godrej gvk hinduja itc jaypee jindal kirloskar jsw l & t lanco mahindra muthoot murugappa ramoji reliance adag reliance rpg sahara shapoorji pallonji sun tata tvs torrent ub videocon wadia civil aviation air india indigo jet airways consumer goods and retail britannia industries dabur flipkart future group godrej consumer hindustan unilever itc 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information technology hcl technologies infosys tata consultancy services tech mahindra wipro media sun group the times group living media telecommunications aircel airtel bsnl idea cellular micromax mobile mtnl reliance communications tata communications benchmark fy 2015 16 revenues of over us 1 billion v t e public sector undertakings in india list maharatna bharat heavy electricals coal india gas authority of india indian oil corporation national thermal power corporation oil and natural gas corporation steel authority of india navratna bharat electronics bharat petroleum corporation container corporation of india engineers india hindustan aeronautics hindustan petroleum corporation mahanagar telephone nigam national aluminium company national buildings construction corporation national mineral development corporation neyveli lignite corporation oil india power finance corporation power grid corporation of india rashtriya ispat nigam rural electrification corporation shipping corporation of india miniratna i airports authority of india antrix corporation balmer lawrie bharat coking coal bharat dynamics bharat earth movers bharat sanchar nigam bridge & roof company india central warehousing corporation central coalfields chennai petroleum corporation cochin shipyard dredging corporation of india kamarajar port garden reach shipbuilders and engineers goa shipyard hindustan copper hindustan newsprint hindustan paper corporation hll lifecare housing and urban development corporation indian railway catering and tourism corporation indian rare earths indian renewable energy development agency ircon international india tourism development corporation india trade promotion organisation kudremukh iron ore company mazagaon dock mahanadi coalfields mangalore refinery and petrochemical mishra dhatu nigam metals and minerals trading corporation of india moil mstc national fertilizers national seeds corporation nathpa jhakri dam national hydroelectric power corporation north eastern electric power corporation northern coalfields numaligarh refinery oil and natural gas corporation pawan hans projects and development india rail vikas nigam railtel corporation of india rashtriya chemicals & fertilizers rites security printing and minting corporation of india south eastern coalfields state trading corporation of india telecommunications consultants india thdc india water and power consultancy services western coalfields miniratna ii bharat pumps & compressors broadcast engineering consultants india central mine planning and design institute central railside warehouse company educational consultants india engineering projects india ltd. fci aravali gypsum and minerals india ferro scrap nigam hmt international hscc india indian medicines and pharmaceuticals