IOCL

Indian Oil Corporation Limited (IOCL) is a state-controlled oil and gas company headquartered in New Delhi, India. It was incorporated on 25 November 1959 under an act of the Indian Parliament and was nationalized on 1 October 1974. At its inception, IOCL began operations with a few refineries and a growing marketing network and has since evolved into one of the largest crude oil refiners and product marketers in the country.

IOCL operates a sequence of integrated refining facilities across India, providing a range of petroleum products such as gasoline, diesel, kerosene, jet fuel and lubricants. The company also maintains extensive retail and wholesale distribution networks, with thousands of service stations under the brand name “Oil City” and other retail outlets. In addition to refining and marketing, IOCL engages in petrochemical production, natural gas distribution and energy trading. The firm’s international operations include joint ventures, licensing agreements and the supply of fuels to refineries in neighboring countries.

The company is listed on both the National Stock Exchange and the Bombay Stock Exchange and is a constituent of the BSE SENSEX and the NIFTY 50 indices. Its corporate headquarters are located at IOCL Building, Dr. Ambedkar Road, New Delhi. IOCL is owned by the Government of India, which holds a majority stake through the Ministry of Petroleum and Natural Gas. The company pursues a growth strategy that incorporates investment in environmental sustainability, fuel efficiency, and expansion of refinery capacity.