2. HISTORY OF INDIAN OIL
CORPORATION
INDIAN OIL CORPORATION LTD. is the
largest commercial enterprise . I.O.C.L. was
incorporated on 30th June ,1959 under the
name and style of the Indian oil company.
With a view to coordinating the activities of
the Indian refiners .,Ltd., and Indian oil
company , Ltd., the two were amalgamated on
1st September ,1964, to form a new corporation
, the Indian oil corporation Ltd. Indian
Refineries , Ltd., was merged with the company
. The capital after amalgamation was
Rs.34,97,25,000. Later 92,897 shares subscribed
for by Government . On 25th March ,1963 a new
company was floated under the name and
3. OWNERS & PROMOTERS OF I.O.C.L.
GOVERNMENT OF INDIA (58.57%)
SH. B. ASHOK ( Chairman)
SH. ASHUTOSH JINDAL (Government Nominee
Director)
SH.SANJEEV SINGH ( Director of Refineries)
SH. ANIL AGGARWAL (Director of Pipelines)
SH. RANGANATHAN ( Company Secretary)
SH. A.K. SHARMA (Director of Finance)
SH. D. SEN (Director of Business Development
&Planning)
SH. B.S. CANTH (Director of Marketing)
SH. C.V. DESHMUKH (C.V.O.)
4. Product Structure :
PRESIDENT
Vice – President Vice President Vice President Vice President Vice President
petroleum products diesel products L.P.G. products fuel products other product
Geographic Structure :
PRESIDENT
Vice President Vice President Vice President Vice President Vice President
Domestic Division European Division Far East Division Middle East Division South East
Division
STRUCTURE OF INDIAN OIL
5. OBJECTIVES OF
I.O.C.L. To serve the national interests in oil and related
sectors in accordance and consistent with
Government policies .
To ensure maintenance of continuous and smooth
supplies of petroleum products by way of crude oil
refining , transportation and marketing activities and
to provide appropriate assistance to consumers to
conserve and use petroleum products efficiently.
To enhance the country’s self – sufficiency in crude
oil refining and build expertise in laying of crude oil
and petroleum product pipelines .
To optimum utilisation of refining capacity and
maximize distillate yield and gross refining margin.
To earn a reasonable rate of return on investment .
6. PRODUCTS OF I.O.C.L.
There are various products serve by
I.O.C.L. to our society . There are few
products which I.O.C.L. provides in
everywhere :
Main Products : Petroleum or Heavier
products :
PETROL - Light Distillates
DIESEL -Middle Distillates
TURBINE - Furnace Oil
AUTO L.P.G. - Bitumen
7. IMPACTS OF BUSINESS ENVIRONMENT
Legal environment includes flexibility and
adaptability of law and other legal rules governing
the business. It may include the exact rulings and
decisions of the courts . These affect business and
its managers to a great extent.
Technological environment influences the business
in term of investment in technology ,consistent
application of technology and the effects of
technology on markets.
Political environment of a country is influence by the
political organizations such as philosophy of political
parties , ideology of government or party in power,
nature and extent of bureaucracy influence of
primary groups etc.
8. SWOT ANALYSIS
STRENGTHS :
1.India’s largest commercial enterprise with a strong
brand name.
2.Has around 50% petroleum products
3.Operates 10 refineries in India
4.Huge distribution network through retailing
5.Loyalty programs like XTRAPOWER Fleet Card
Program is aimed at large Fleet Operators.
THREATS :
1.Government regulations
2.High Competition
9. SWOT ANALYSIS
WEAKNESS :
1.Legal Issues
2.Employment management
3.Bureaucracy
4.Volatility in the crude market & subsidy burden.
OPPURTUNITIES :
1.Increasing fuel/oil prices
2.Increasing natural gas market
3.More oil well discoveries
4.Expand export market.
10. SUGGESTIONS TO I.O.C.L.
I.O.C.L. try to rewarded and encourage to his
employees for participation in management and for
innovative ideas.
Give information of changing any policies, strategy
and other thing to Investors ,Brokers , Experts, &
Customers .
Take queries and complaint of consumer who was not
satisfy of his service.
Try to create good relation between other parties and
public faith among consumers.
Try to improve Human Resource skill and learn
consumer taste & preference .
11. Conclusion
By studying the all information of Indian Oil
Corporation Ltd..We conclude that
(I.O.C.L.) is the largest Commercial
enterprise in India or he has an ability to
got success in future . He want to
concentrate to remove his weakness
and threats by critical analysis and
taking suggestive ways to improve his
situation and give more importance to
his customers . By taking suggestive
ways I.O.C.L. increase his situation and
