Indian Oil Corporation Ltd is the company with the highest revenue in our top 10 companies list.
It has generated a revenue of INR 355926.62 crore in Financial Year 2015-16 and also posted a PAT of INR 11219.22 crore. IOCL, along with its subsidiaries, control 49% share of the petroleum products market in India and is one of the most well recognized bands in the country.
Not only this, it also controls a 31% share in India’s refining capacity and 67% share when it comes to India’s downstream sector pipeline capacity. Currently led by Mr. B. Ashok (Chairman), the company has an employee strength of more than 32000. The company has four major values, namely, Care, Innovation, Passion and Trust. IOCL has also received the much coveted Maharatna status by the government in the year 2010 for its exemplary performance in the past and thus now enjoy more autonomy in its operations.
IOCL was founded in 1959 and since then has successfully completed several projects. Some of the major projects of IOCL are Paradip-Raipur-Ranchi Pipeline, Polypropylene Plant in Paradip, Distillate Yield Improvement Project (Coker) in Haldia and De-bottlenecking of Salaya-Mathura Crude Pipeline.
The company has been receiving several awards for its unmatched performance throughout its lifespan. Some of these awards are, “SCOPE Meritorious Award” for Corporate Social Responsibility & Responsiveness, Leading Oil & Gas Corporate of the Year by PetroFed, Special Commendation Award by PetroFed, Global Human Resource Development Award by Internantional Federation of Training and Development Organisation and National Energy Conservation Award by Ministry of Power. With all the excellence it has shown in past it surely has become “A Globally Admired Company”.