Indian Oil Corporation is a state owned oil and gas corporation headquartered in New Delhi.
Image: Wikimedia Commons
IOC accounts for 49% share in petroleum products market and 31% in refining. IOC operates 10 of the country’s 22 refineries. Government of India holds 69% shares in the company and is one of the 7 maharatna companies in India. It was founded in 1964 and presently Mr. B Ashok is its chairman. Main products produced by IOCL are petrol, LPG, diesel, aviation fuel and petrochemicals. It has more than 20,000 fuel stations in the country, the widest network for any company. It supplies Indane gas used for cooking purpose to 67 million households through a network of just under 6,000 distributors. It has various refineries in India. In Assam, it has refineries in Digboi, Guwahati and Bongaigaon. In Bihar it has a refinery in Barauni. Similarly it has refineries in Gujarat, West Bengal, Haryana, Uttar Pradesh, and Odisha. It is listed on the Bombay stock exchange as well as the National stock exchange.
Revenue (₹ Cr.): 473210.1
Net Income (₹ Cr.): 7019.1
Market capitalization (₹ Cr.): 86617.2
1. Pick the top 15 companies in India based on 3 factors:
a. 2014 Revenue
b. 2014 Net Income/Profits
c. Market capitalization as on June 15 2015
2. Assign 60% weightage to revenue, 20% weightage to Profit and 20% weightage to Market capitalization
3. Compute the weighted score for each company based on the above mentioned weights
4. The company with the highest weighted score gets rank 1 and so on.