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IO
National Oil Company
Downstream
NSE: IOC
Indian Oil Corporation
New Delhi, India · Established 1959 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Indian Oil Corporation (IOCL) is India's largest refiner and fuel retailer, operating 11 refineries with 1.4 mbpd capacity and 37,000+ retail outlets. Pipeline network spans 15,000 km connecting refineries to demand centres.
FY2024 revenue approximated $95 billion with net income near $4.5 billion. Paradip and Panipat are flagship refining-petrochemical complexes. Net-zero 2046 target with green hydrogen and EV charging investments.
Dominant market share in Indian fuel marketing. Petrochemical...
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