Indian Oil Share Price

About Indian Oil

Core Activities & Products

1. Refining: The Refining vertical of the Indian Oil Corporation owes its origin to the goal of reaching self-reliance for the country in the areas of oil refining. To this end, the corporation is operational in different facets of petroleum refining and has an aggregate capacity of 80.55 Million Metric Tonnes Per Annum.The IOC owns and operates the highest number of refineries in India which feature a wide gamut of refining approaches, including:
   • Atmospheric Distillation
   • Hydrocracking
   • Hydro-Desulphurisation of Kerosene and Gas Oil Streams
   • Coke Calcining
   • Catalytic Reforming, etc.
2. Pipelines: The Indian Oil Corporation operates one of the largest oil pipeline networks across the globe. Spanning across 15,000 kilometres, the cross-country pipelines of the corporation transport crude oil, gas, and petroleum products. These pipelines have a total throughput capacity of 94.56 Million Metric Tonnes Per Annum (for oil) and 21.69 Million Metric Standard Cubic Metres Per Day (for Gas). The corporation is presently engaged in a project to further expand its pipeline network to 21,000 kilometres. Consequently, the throughput capacity of the IOC is projected to rise to 102 MMTPA. There is a particular emphasis on the expansion of pipelines transporting Natural Gas. The IOC is, therefore, planning to establish a pipeline from Ennore to Nagapattinam, Bengaluru, Madurai, and Tuticorin. The projected length of this pipeline is 1,244 kilometres.
3. Petrochemicals: To tap into the ever-rising scope of the Petrochemicals market in India, the Indian Oil Corporation has established a Strategic Business Unit specifically dedicated to the marketing of petrochemicals. With investment to the tune of Rs. 30,000 crores planned in this vertical over the next few years, the IOC is focused on using its existing infrastructure of refineries to enhance its petrochemicals business. The IOC has established a Linear Alkyl Benzene Plant at its Gujarat Refinery as well as a Purified Terephthalic Acid Plant at its Panipat Refinery and a Polypropylene Plant in its refinery in Paradip. The dedicated Petrochemicals SBU of the corporation is engaged in the export of products to more than 70 countries.
4. Exploration and Production: With an aim to expand its upstream business, the Indian Oil Corporation has been engaging in the Exploration and Production of oil and gas within and outside the national boundaries of the country. Presently, the IOC has a balanced Oil and Gas portfolio, with participation in 12 blocks apiece domestically and in foreign territories.
5. Explosives and Cyrogenics: The Indian Oil Corporation has 11 Bulk Explosives plants across India and is recognised as the leading producer of bulk explosives in the country. The explosives plants of the corporation are a part of the value chains of coal, copper, and iron ore mining in India. The IOC is also one of the leading forces in the cryogenics sector of India. Some of the industries that the corporation benefits with its expertise in cryogenics and vacuum engineering are as follows:
   • Chemicals
   • Animal Husbandry
   • Lubricants
   • Aviation
   • Gas, etc.
6. Marketing: The Indian Oil Corporation is one of the leading brands in the country, an achievement that is a result of high-quality offerings and services and a wide chain of marketing touch-points. The corporation has more than 50,000 marketing touch-points across the country, delivering its petrol, diesel, and gas products to end-user customers. In addition to the substantial network of fuel stations, the IOC's supply chain is marked by a robust chain of bulk storage terminals, LPG bottling plants, and inland depots.
7. Research and Development: TWith a 65-acre research facility in Faridabad, Haryana, the Indian Oil Corporation features a world-class research infrastructure and personnel. As a result, the corporation is the first Oil and Gas company in the country to register more than a thousand patents. The key areas of research for the IOC are as follows:
   • Refining
   • Petrochemicals
   • Solar energy
   • Bioenergy
   • CCU technologies, etc.



The Board of Directors of the IOC



1. Chairman: Mr. Shrikant Madhav Vaidya
2. Whole-time Directors:
• Director (Planning and Business Development): Mr. G. K. Satish
• Director (Research and Development): Dr. S. S. V. Ramakumar
• Director (Human Resources): Mr. Ranjan Kumar Mohapatra
• Director (Finance): Mr. Sandeep Kumar Gupta
3. Government-nominated Directors:
• Dr. Navneet Mohan Kothari
• Ms. Indrani Kaushal
4. Independent Director: Ms. Lata Usendi



Key Executives of the IOC



1. Chairman: Mr. Shrikant Madhav Vaidya
2. Director (Finance): Mr. Sandeep Kumar Gupta
3. Director (Pipelines): Mr. D. S. Nanaware
4. Director (Refineries): Ms. Sukla Mistry
5. Director (Planning and Development): Mr. Sujoy Choudhury
6. Chief Vigilance Officer: Mr. Anant Kumar Singh
7. Company Secretary: Mr. Kamal Kumar Gwalani
8. Executive Director ( Exploration and Production): Mr Hridesh Baindail
9. Executive Director (Cryogenics): Mr. GSP Singh
 


Presence


The Indian Oil Corporation has a substantial presence across the length and breadth of the country. With its pipeline network for carrying crude oil to different refineries covering more than 13,000 kilometres, the IOC is a vital part of the hydrocarbon value chain of India. More than 56,000 customer touch points enable the corporation to deliver products and services across the country in a seamless manner.



Registered Office


The registered office of the IOC is located at the following address:
Indian Oil Bhawan ,G-9, Ali Yavar Jung Marg,Bandra (East),
Mumbai - 400051,Maharashtra  



Strengths


The key strengths of the Indian Oil Corporation that have driven its strong market position and share price are as follows:
1. The corporation is one of the most recognised and trusted brands in the country.
2. The IOC is renowned for its emphasis on adherence to the highest standards of quality in its products.
3. The operations of the corporation are spread across several verticals, including oil, natural gas, explosives and cryogenics.
4. The Indian Oil Corporation is a significant part of the hydrocarbon value chain of India, with a large number of refineries and an extensive pipeline network.
5. The corporation has a strong emphasis on Research and Development and has registered more than 1,000 patents.
6. The Indian Oil Corporation has operations in many countries, including exploration interests.
7. With a steady stream of revenue, the IOC is one of the most profitable and consistent Public Sector Undertakings in India.
8. The IOC has a significant footprint on society through its Corporate Social Responsibility initiatives.
 


CSR and Sustainability


The Indian Oil Corporation has been a leading force in the area of Corporate Social Responsibility. Even before CSR was made mandatory by law, the corporation had already been engaged in substantial CSR activities. The key focal areas of the IOC's CSR initiatives are as follows: 

1. Safe drinking water and protection of water resources
2. Women empowerment
3. Empowerment of socially and economically backward groups
  The CSR activities of the Indian Oil Corporation have touched points across the country. With an emphasis on assisting the people from backward areas and crisis-prone areas such as districts affected by Naxalism, the corporation has consistently been earmarking a substantial budget for its CSR activities. In 2018-19, the IOC utilised the entirety of its Rs. 490.60 crore CSR budget. Here are some of the flagship Corporate Social Responsibility programmes launched by the Indian Oil Corporation:
1. IndianOil Aarogyam - providing medical services in the catchment areas of IOC refineries.
2. IndianOil Vidushi - aimed at funding the education of girls from underprivileged backgrounds.
3. IndianOil Gyanodaya - focused on providing scholarships for students enrolled in full-time programmes in ITIs and Government Polytechnic Institutes.
  Over the course of the past four years, the IOC has invested around Rs. 1,800 crores towards CSR efforts in various areas, prominent amongst which are sanitation, environmental sustainability, skill development, education, and women empowerment.

Sustainability:

The corporation is focused on sustainable growth and the application and innovation of practices that affect the value chain in a positive manner. To this end, the IOC has established an 'Alternate Energy and Sustainable Development Group'. The group is responsible for framing the corporate level strategies of the corporation for action on important issues such as climate change.



COVID-19 Impact


The ongoing global pandemic has affected every sector of business, and the oil and natural gas industry is no exception. The Gross Refining Margin for the Indian Oil Corporation was projected to decline in 2021. To exacerbate the challenges faced by the sector in the wake of the disruptions caused by the pandemic, there was a decline in sales volumes across companies. The fall in the sales volumes for oil and petroleum products was driven by the reduction in demand. With multiple waves of the pandemic, crude oil prices remain highly volatile, thereby affecting both the demand and supply side for entities in the sector.



Future Prospects


The future prospects of the Indian Oil Corporation are bright. Here are some of the highlights of the corporation's future plans.
1. The corporation has plans to set up an Ethylene Glycol Project in its refinery at Paradip in Odisha. With an estimated cost of Rs. 5,654 crores, the project is aimed at strengthening the Polyester business of IOC.
2. The IOC is establishing an Acrylics / Oxo-Alcohol project in Dumad in Gujarat. The project has an estimated cost of Rs. 5,251 crores and is aimed at streamlining the supply and demand of petrochemicals in the northern part of the country.
3. With plans to expand the scope and scale of the IOC, a second Research and Development campus is to be established in Faridabad. The estimated budget of this project is Rs. 2,282 crores.
4. On the Pipelines front, the IOC is slated to invest in the Paradip Hyderabad Pipeline Project. With an estimated budget of Rs. 3,338 crores, a 1,212 kilometres long pipeline shall be laid between Paradip in Odisha and Hyderabad in Telangana, spanning several states.
5. The corporation is planning to construct an LPG Import Facility at Paradip. This project has an estimated cost of Rs. 690 crores and is projected to add 0.6 MMTPA capacity to the IOC LPG vertical.
 


Did You Know?


The Indian Oil Corporation is a pioneer in sustainable operations and environmental consciousness. The oil and natural gas Maharatna has collaborated with the Society of Indian Automobile Manufacturers to conduct research and experiments to determine the percentage of hydrogen that should be increased in the composition of Compressed Natural Gas to make it a more efficient fuel. In addition to the optimisation of the percentage of hydrogen in CNG to result in lower emissions, the IOC has also been engaged in collaborations with the manufacturers of large automobiles, for instance buses and trucks. This collaboration is aimed at making three-way Catalytic converters optimal so that the NOx levels emitted by heavy vehicles can be reduced by a significant margin. With its climate-conscious practices and outlook, the IOC is playing a significant role in helping India reduce its national carbon footprint. The corporation is the main promoter of the 'Sustainable Alternative Toward Alternative Transportation' initiative launched by the Government of India. Moreover, the IOC is the first company in India to market CBG as IndiGreen.



Initial Public Offering


The Indian Oil Corporation is listed on the National Stock Exchange and the Bombay Stock Exchange. The face value of each share of the corporation is Rs. 10.



Equity Shares


The shares of the Indian Oil Corporation have been witnessing turbulence owing to the volatility of global crude oil prices and shifting demand patterns on the domestic front. The stock has a 52-week high price of Rs. 94.33 whilst the corresponding low price is Rs. 67.70. Presently, the IOC stock is trading around Rs. 70. With the outlook of the oil and natural gas sector brightening, the prices of the shares of IOC may register an upward trend.