Registered in Mumbai but headquartered in New Delhi, it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world’s biggest corporations as of 2022.
How many refineries does India have?
The Indian Oil Group owns and operates 11 of India’s 23 refineries with a combined refining capacity of 80.7 million tonnes per year. Indian Oil’s cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.
What is Indian Oil’s cross-country pipeline network?
Indian Oil’s cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km. The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metres per day at standard conditions for gas.
How did Oil India perform in fy24?
Oil India, which operates exploration and production assets mostly in the northeast, ended FY24 on a steady note, posting gross sales and PAT of ?36,304 crore and ?6,335 crore, respectively. Subsidiary Numaligarh Refinery (NRL) contributed significantly to the company¡¯s performance.