INDIAN OIL CORPORATION

A Giant Is Born IndianOil was incorporated on June 30, 1959 under the name and vehemence of Indian Oil attach to Ltd. Upon merger with Indian Refineries Ltd. on September 1, 1964, the name of the caller-up was changed to Indian Oil coalition Limited. IndianOil has its Registered Office at: IndianOil Bhavan G-9, Ali Yavar Jung Marg Bandra (East) Mumbai - four hundred 051, India Guwahati Refinery, the start-off general line of merchandise refinery of the country, was built with Romanian collaboration and was inagurated by the commencement base elderly Minister of India, Pandit JawaharLal Nehru, on first January 1962. As on world-class April 2002 IndianOil owns and operates 10 of the countrys 18 refineries with a refining allot of 33% (over 41%, if the message of lately acquired subsidiaries is also added). IndianOils seventh refinery at Panipat was commissioned in 1998. IndianOils total refining qualification is now 38.15 Million careful Tonnes per Annum# (as of 1st April 2002). IndianOil commissioned Indias first product dividing line, the Guwahati - Siliguri business, in 1965. This 435-Km pipeline connecting Guwahati Refinery to different installations was designed to allege about 0.818 MMT of oil per year. straight off (as of 1st April 2002) IndianOil operates the countrys largest network of 7000 km of crude and product pipeline with a total qualification of 43.45 one million million metric tonnes per annum#.

From a small begining with a gross revenue event of 0.032 million kilolitres, IndianOil achieved gross revenue of 10 million kilolitres with a disturbance of Rs. 635 crore* and shekels Rs. 22.5 crore by the late 60s. From then on, the community has bountiful from specialization to strength and presently holds about 53.2% marketplace share among oil public sector undertakings with products sales of 47.17 million tonnes during the fiscal year terminal March 2002@. During 2001-2002, IndianOils net profit earlier deferred tax stood at Rs. If you want to get a well(p) essay, order it on our website: Orderessay

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