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Indian Oil Corporation Limited (IOCL) is one of the largest and most notable oil refining enterprises in India. It is a government-owned firm, and it plays a crucial role in the Indian oil and gas industry. This is a summary of the business:
Key Facts About Indian Oil Corporation (IOCL):
1.IOCL was founded in 1959 and has its main office in New Delhi, India.
2.Operations: IOCL is engaged in petroleum product exploration, production, refinement, and marketing. It is a major force in India's energy industry and runs one of the biggest networks of oil refineries in the nation.
3.Refineries: The business operates a number of refineries around India. With one of the largest refining capacities in the nation, it can produce a variety of petroleum products, including jet fuel, kerosene, diesel, gasoline (petrol), and LPG.
4.Products and Services:
.Petroleum Products: IOCL transforms crude oil into a range of products, such as gasoline for home, commercial, and transportation applications.
.Petrochemicals: The business also produces a variety of petrochemical goods utilized in the building, packaging, and textile industries.
.Natural Gas: In addition to its involvement in the liquefied natural gas (LNG) industry, IOCL is also active in the pipeline distribution of natural gas.
5.Market Presence: Among India's leading publicly traded corporations is Indian Oil. Additionally, it has a vast nationwide retail network of gas stations.
6.Research and Development: IOCL has a strong R&D department that works to develop sustainable energy solutions and enhance refining technology. Additionally, it strives to improve petroleum products' efficiency and create environmentally appropriate substitutes.
7.Subsidiaries: Bharat PetroResources Ltd. and Indian Oil LNG Ltd. are two of IOCL's subsidiaries that concentrate on upstream and LNG-related operations, respectively.
8.Environmental Responsibility: By investing in renewable energy sources and alternative fuels, as well as implementing cleaner technology, IOCL has taken action to lessen its carbon impact.
In order to meet India's increasing demand for petroleum and related goods, Indian Oil Corporation is essential to the nation's energy security.
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