Question 1. What Do You Know About Iocl?
Indian Oil Corporation (Indian Oil) is India’s Largest Commercial Enterprise. Indian Oil’s business interests overlap the entire hydrocarbon value-chain, which include refining, pipeline transportation, and advertising and marketing of petroleum merchandise, exploration and manufacturing of crude oil, herbal fuel and petrochemicals. As India’s flagship national oil enterprise, with a 33,000-sturdy work-force currently, Indian Oil has been assembly India’s strength needs for over 1/2 a century. With a corporate imaginative and prescient to be ‘The Energy of India’ and to emerge as ‘A globally well-known employer,’ Indian Oil’s commercial enterprise pastimes straddle the whole hydrocarbon price-chain – from refining, pipeline transportation and advertising of petroleum merchandise to exploration & production of crude oil & fuel, advertising of natural fuel and petrochemicals, besides forays into alternative energy and globalization of downstream operations. Having set up subsidiaries in Sri Lanka, Mauritius and the UAE, the Corporation is concurrently scouting for new commercial enterprise opportunities within the energy markets of Asia and Africa. It has additionally fashioned about 20 joint ventures with reputed commercial enterprise partners from India and overseas to pursue numerous business hobbies.
Question 2. Where Is The Company Headquarter?
The organisation headquarters is located at New Delhi, India.
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Question three. When This Company Was Established?
This Company became installed in 1959.
Question four. Who Is Current Md/chairman Of This Company?
Sanjiv Singh is the Chairman of Indian Oil Corporation Ltd, the state’s biggest organisation. Shri B. Ashok is the Managing Director of Indian Oil Corporation Limited.
Question 5. What Was The Company Revenue And Profit Last Year?
The employer’s revenue as of the economic 12 months 2015-16 is ?4.45526 trillion (US$sixty nine billion). And the earnings within the identical year turned into ?one hundred and five.50 billion (US$1.6 billion).
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Question 6. What Are The Products/offerings Offered By This Company?
Indian Oil’s business pursuits overlap the whole hydrocarbon fee-chain, which include refining, pipeline transportation, and marketing of petroleum merchandise, exploration and production of crude oil, natural fuel and petrochemicals. Also, Indian Oil has ventured into alternative strength and globalization of downstream operations. Also it offers Fuels, lubricants, petrochemicals.
Question 7. Under Which Ministry Of Central Government This Company Function?
The Company works underneath The Ministry of Petroleum and Natural Gas of the critical government.
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Question 8. Who Are Competitors Of This Company?
Indian Oil Corporation has predominant home competition, Bharat Petroleum and Hindustan Petroleum. Both are nation-managed, like Indian Oil Corporation. There are two personal competitors: Reliance Industries and Essar Oil.
Question 9. Where Are The Manufacturing Units Of This Company Located?
IOCL has diverse refineries across India:
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Question 10. Why Was This Company In News In Recent Times?
Indian Oil Corporation Limited changed into within the latest commercial enterprise information because it entered into the elite league of corporate entities with a market value of over Rs 2 lakh crore after the stock fee of the business enterprise hit new excessive at the BSE. The enterprise surpassed the fast transferring purchaser goods (FMCG) predominant Hindustan Unilever (HUL), which held m-cap of Rs two hundred,202 crore at 10:36 am.Thus a ways within the calendar yr 2017, the stock has outperformed the marketplace with the aid of surging 29% towards eleven% rise within the benchmark index.