A Giant Is Born IndianOil was incorporated on June 30, 1959 low the name and zeal of Indian Oil Company Ltd. Upon unification with Indian Refineries Ltd. on September 1, 1964, the name of the company was changed to Indian Oil partnership Limited. IndianOil has its Registered Office at: IndianOil Bhavan G-9, Ali Yavar Jung Marg Bandra (East) Mumbai - 400 051, India Guwahati Refinery, the kickoff public field refinery of the country, was built with Romanian collaboration and was inagurated by the first patriarchal Minister of India, Pandit JawaharLal Nehru, on first January 1962. As on inaugural April 2002 IndianOil owns and operates 10 of the countrys 18 refineries with a refine allot of 33% (over 41%, if the message of recently acquired subsidiaries is besides added). IndianOils seventh refinery at Panipat was commissioned in 1998. IndianOils get along refining efficacy is now 38.15 Million Metric Tonnes per Annum# (as of beginning(a) April 2002). IndianOil commi ssioned Indias first product pipeline, the Guwahati - Siliguri pipeline, in 1965. This 435-Km pipeline connecting Guwahati Refinery to dissimilar installations was designed to claim about 0.818 MMT of oil per year. Today (as of 1st April 2002) IndianOil operates the countrys largest network of 7000 km of crude and product pipeline with a total capacity of 43.45 million metric tonnes per annum#.
From a shrimpy begining with a sales event of 0.032 million kilolitres, IndianOil achieved sales of 10 million kilolitres with a disturbance of Rs. 635 crore* and profit Rs. 22.5 crore by the of late 60s. From then on, t he company has bountiful from strength to st! rength and without delay holds about 53.2% market share among oil public sector undertakings with products sales of 47.17 million tonnes during the fiscal year ending demonstrate 2002@. During 2001-2002, IndianOils net profit earlier deferred tax stood at Rs. If you take to get a well(p) essay, order it on our website:
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