indian oil corporation ltd.

indian oil corporation

1. Assignment ON INDIAN OIL CORPORATION LTD .

2. HISTORY OF INDIAN OIL CORPORATION INDIAN OIL CORPORATION LTD. is the largest commercial enterprise . I.O.C.L. was incorporated on 30th June ,1959 under the name and style of the Indian oil company. With a view to coordinating the activities of the Indian refiners .,Ltd., and Indian oil company , Ltd., the two were amalgamated on 1 st September ,1964, to form a new corporation , the Indian oil corporation Ltd. Indian Refineries , Ltd., was merged with the company . The capital after amalgamation was Rs.34,97,25,000. Later 92,897 shares subscribed for by Government . On 25th March ,1963 a new company was floated under the name and style of Indian Oil Blending Ltd., to undertake the erection .

3. OWNERS & PROMOTERS OF I.O.C.L. GOVERNMENT OF INDIA (58.57%) SH. B. ASHOK ( Chairman) SH. ASHUTOSH JINDAL (Government Nominee Director) SH.SANJEEV SINGH ( Director of Refineries) SH. ANIL AGGARWAL (Director of Pipelines) SH. RANGANATHAN ( Company Secretary) SH. A.K. SHARMA (Director of Finance) SH. D. SEN (Director of Business Development &Planning) SH. B.S. CANTH (Director of Marketing) SH. C.V. DESHMUKH (C.V.O.)

4. Product Structure : PRESIDENT Vice – President Vice President Vice President Vice President Vice President petroleum products diesel products L.P.G. products fuel products other product Geographic Structure : PRESIDENT Vice President Vice President Vice President Vice President Vice President Domestic Division European Division Far East Division Middle East Division South East Division STRUCTURE OF INDIAN OIL

5. OBJECTIVES OF I.O.C.L. To serve the national interests in oil and related sectors in accordance and consistent with Government policies . To ensure maintenance of continuous and smooth supplies of petroleum products by way of crude oil refining , transportation and marketing activities and to provide appropriate assistance to consumers to conserve and use petroleum products efficiently. To enhance the country’s self – sufficiency in crude oil refining and build expertise in laying of crude oil and petroleum product pipelines . To optimum utilisation of refining capacity and maximize distillate yield and gross refining margin. To earn a reasonable rate of return on investment .

6. PRODUCTS OF I.O.C.L. There are various products serve by I.O.C.L. to our society . There are few products which I.O.C.L. provides in everywhere : Main Products : Petroleum or Heavier products : PETROL - Light Distillates DIESEL - Middle Distillates TURBINE - Furnace Oil AUTO L.P.G. - Bitumen

7. IMPACTS OF BUSINESS ENVIRONMENT Legal environment includes flexibility and adaptability of law and other legal rules governing the business. It may include the exact rulings and decisions of the courts . These affect business and its managers to a great extent. Technological environment influences the business in term of investment in technology ,consistent application of technology and the effects of technology on markets. Political environment of a country is influence by the political organizations such as philosophy of political parties , ideology of government or party in power, nature and extent of bureaucracy influence of primary groups etc.

8. SWOT ANALYSIS STRENGTHS : 1.India’s largest commercial enterprise with a strong brand name. 2.Has around 50% petroleum products 3.Operates 10 refineries in India 4.Huge distribution network through retailing 5.Loyalty programs like XTRAPOWER Fleet Card Program is aimed at large Fleet Operators. THREATS : 1.Government regulations 2.High Competition

9. SWOT ANALYSIS WEAKNESS : 1.Legal Issues 2.Employment management 3.Bureaucracy 4.Volatility in the crude market & subsidy burden. OPPURTUNITIES : 1.Increasing fuel/oil prices 2.Increasing natural gas market 3.More oil well discoveries 4.Expand export market.

10. SUGGESTIONS TO I.O.C.L. I.O.C.L. try to rewarded and encourage to his employees for participation in management and for innovative ideas . Give information of changing any policies, strategy and other thing to Investors ,Brokers , Experts, & Customers . Take queries and complaint of consumer who was not satisfy of his service . Try to create good relation between other parties and public faith among consumers . Try to improve Human Resource skill and learn consumer taste & preference .

11. Conclusion By studying the all information of Indian Oil Corporation Ltd..We conclude that (I.O.C.L.) is the largest Commercial enterprise in India or he has an ability to got success in future . He want to concentrate to remove his weakness and threats by critical analysis and taking suggestive ways to improve his situation and give more importance to his customers . By taking suggestive ways I.O.C.L. increase his situation and standard in near future.