Indian Oil Corporation - FY 08 Performance at FinGad.com

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Indian Oil Corporation - FY 08 Performance

Categorie: IPO / Secondary Offering
Submitted 5 months ago by

Narasimhan , Owner at Krish Systems

Ind Indian Oil Corporation (IOC) is a state run company formed in the year 1964 as a result of merger of Indian Oil Company and Indian Refineries Ltd. IOC holds three wholly owned subsidiaries. They are Indian Oil Technologies Ltd. Indian oil Mauritius ltd, IOC Middle East FZE, Dubai. The company also holds 51.88% stake in Chennai Petroleum Corporation Ltd and also 75.11% in Lanka IOC Ltd. The company is operating refineries 10 top refineries of the country, with a combined refining capacity of 60.2 million metric tons per year. IOC is the 21st largest petroleum company in the world. The company offers Services in various areas like Refineries , Petrochemicals, Gas, R&D etc., The company produces a wide range of petroleum products including LPG, Auto LPG, naphtha, bitumen, paraffin, kerosene, Lubricants, Greases, Aviation Turbine Fuel etc., The company has now started to supply Liquefied Natural Gas (LNG). The company has been ranked 135th position in the Fortune Global 500 companies. It was also ranked as the 20th largest petroleum company in the world. IOC was awarded National award for “Innovations in Implementing Business Continuity for SAP R/3 Environment” by the Indian government. T... More...

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1 comments ↓

#1 | Liz @ 5 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: The rise of the crude oil price has brough a very bad impact on IOC. I won't buy this stock at the moment... too risky.

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