1.

INTRODUCTION
2. OWNERS OF COMPANY
3. GROUPS OF COMPANIES
4. JOINT VENTURE
5. ORGANISATIONAL STRUCTURE
6. PRODUCTS
a) NAMES OF PRODUCT
b) SERVICES OFFERED
7. CORPORATE SOCIAL RESPONSIBILITY
8. WELFARE ACTIVITIES
9. SECRETARIAL AUDIT REPORT
10.CONCLUSION






I ndian Oil began operation in 1959 as I ndian Oil Company Ltd. The I ndian Oil Corporation
was formed in 1964, with the merger of I ndian Refineries Ltd.
I ndian Oil Corporation Limited, or I ndian Oil, is an I ndian state-owned oil and gas
corporation with its headquarters in New Delhi, I ndia. The company is the world's 98th
largest public corporation, according to the Fortune Global 500 list, and the largest public
corporation in I ndia when ranked by revenue. I ndian Oil and its subsidiaries account for a
47% share in the petroleum products market, 34% share in refining capacity and 67%
downstream sector pipelines capacity in I ndia. The I ndian Oil Group of Companies owns and
operates 10 of I ndia's 21 refineries with a combined refining capacity of 65.7 million metric
tons per year. President of I ndia owns 78.92% in the company. in FY'11 I OCL sold 64.1
million tonnes of petroleum products and reported a PBT of Rs.9096 Crore, & Govt of india
earned an excise duty of Rs.25789.90 crore and tax of Rs.1650 Crore. I t is one of the five
Maharatna status companies of I ndia ,apart from Coal I ndia Limited, NTPC Limited, Oil and
Natural Gas Corporation and Steel Authority of I ndia Limited.
I ndian Oil operates the largest and the widest network of fuel stations in the country,
numbering about 19,463. I t has also started Auto LPG Dispensing Stations . I t supplies
I ndane cooking gas to over 62.4 million households through a network of 5,456 I ndian
distributors. I n addition, I ndian Oil's Research and Development Center at Faridabad
supports, develops and provides the necessary technology solutions to the operating divisions
of the corporation and its customers within the country and abroad.
The volatility in the crude market & subsidy burden on the I OCL has dented the company
performance like other PSU oil companies. Moreover, bureaucratic hurdles in projects are
hurting company advancement. I OCL has one of the best technical manpower for execution
of jobs.















Mr. R.S. Butola is the Chairman of Indian Oil Corporation Ltd., Indias flagship oil & gas
major and the largest commercial enterprise in India. He also heads IndianOils group
companies - Chennai Petroleum Corporation Ltd. and I OT I nfrastructure & Energy Services
Ltd. and industry organisations such as Petroleum Federation of I ndia.
I n a career spanning almost three decades, out of which two decades are in the hydrocarbon
industry, Mr. Butola has gained versatile experience in all facets of hydrocarbon industry
ranging from project development and execution to commercial closures.
At I ndianOil, Mr. Butola is spearheading an enterprise wide exercise aimed at strengthening
internal systems by optimising the supply chain and achieving zero process interruption. He is
navigating the Company in times of unprecedented challenges being faced by oil & gas
companies with particular focus on building bench strength in its core businesses besides
acquiring competencies to manage new businesses such as E&P, Nuclear energy, renewables,
etc.
Mr. Butola is widely travelled, an avid reader and an astute thinker in the energy industry with
a rare insight into both upstream and downstream sectors.










I ndianOil (Mauritius) Ltd.

Lanka I OC PLC Group company for retail and storage operations in Sri Lanka. I t is
listed in the Colombo Stock Exchange. I t was locked into a bitter subsidy payment
dispute with Sri Lanka's

Government which has since been resolved.[citation needed]

I OC Middle East FZE.

Chennai Petroleum Corporation Limited.

Green Gas Ltd. a joint venture with Gas Authority of I ndia Ltd. for city-wide gas
distribution networks.

I ndo Cat Pvt. Ltd., with I ntercat, USA, for manufacturing 15,000 tonnes per annum of
FCC (fluidised catalytic cracking) catalysts & additives in I ndia.


I ndianOil CREDA Biofuels Ltd., a joint venture with Chattisgarh government for
production and marketing of Bio-fuels.

Numerous exploration and production ventures with Oil I ndia Ltd., Oil and Natural
Gas Corporation.








Name of Joint
venture
Date of
Incorporation
Promoters &
Equity
Areas of
operations.
Avi-Oil India Pvt. Ltd. 04.11.1993 NYCO SA, France&
Balmer Lawrie & Co.
Ltd.
To blend, manufacture and
sell synthetic, semi synthetic
and mineral based
lubricating oils, greases and
hydraulic fluids, related
products and specialties for
Defence and Civil Aviation
uses.
Delhi Aviation Fuel
Facility Pvt. Ltd
28.03.2010 INDIAN OIL BPCL DIAL For designing, developing,
construction, operation,
management, maintenance
and transfer of Aviation Fuel
Facility for T3 Terminal at
Delhi Airport.
Indo Cat Pvt. Limited 01.06.2006 Intercat, USA Manufacturing & marketing
of FCC catalysts and
additives.
IOT Infrastructure
& Energy Services Ltd.
28.08.1996 Oiltanking
GmbH, Germany.
To build and operate
terminalling services for
petroleum products.
IndianOil Petronas
Private Ltd.
03.12.1998 Petronas, Malaysia To construct and import
facilities for LPG import at
Haldia and to engage in
parallel marketing of LPG.
IndianOil Skytanking
Limited
21.08.2006 IndianOil, IOT
Infrastructure
& Energy Services Ltd.
(Formerly IOTL-
IndianOil Corporation
Ltd. Tanking Ltd.)
Design, finance, construct,
operate & maintain aviation
fuel facility projects.

IndianOil Ruchi Biofuels
LLP
28.05.2010 IndianOil
Ruchi Soya Industries
Limited
Implementation of Bio-
diesel value-chain project in
the state of Uttar Pradesh
Lubrizol India Private
Limited
01.04.2000 Lubrizol Inc., USA To manufacture and market
chemicals for use as
additives in fuels, lubricants
and greases.
NPCIL-IndianOil
Nuclear Power
Corporation Limited
06.04.2011 IndianOil
NPCIL
For developing and
operating Nuclear Power
Plants for harnessing and
developing nuclear energy
for generating electricity
Petronet LNG Limited 02.04.1998 Bharat Petroleum
Corporation Ltd., Oil &
Natural gas
Corporation Ltd., GAIL
(India) Ltd, Gaz de
France, ADB
Development of facilities for
import and regasification of
LNG at Dahej and Kochi.
Suntera Nigeria 205
Limited
09.05.2006 IndianOil Corporation
Ltd. & Oil India.,
Suntera Resources Ltd.
Investments in oil and gas
industry especially in the
upstream sector
Indian Synthetic Rubber
Limited
06.07.2010 IndianOil
Trimurti Holding
Corporation
Marubeni Corporation
Implementation of Styrene
Butadiene Rubber Project at
Panipat
Petronet India Limited 21.05.1998 Bharat Petroleum
Corporation Ltd.,
Hindustan Petroleum
Corporation Ltd.,
Reliance Industries
Limited, Infrastructure
Leasing & Financial
Services Ltd.
To implement petroleum
products, pipeline projects
through Special Purpose
Vehicles.
Petronet VK Limited 09.05.2006 Petronet India Limited ,
Reliance Industries
Limited
& Essar Oil Limited.,
State Bank of India,
Gujarat Industry .
To construct and operate a
pipeline for transportation
of petroleum products from
Vadinar to Kandla.





Chairman of the Board
R. Butola
Director
Nirmal Poddar
Director
Sudhakar Rao
Director
V. Bhalla
Director
Anees Noorani
Director
Gautam Barua
Director
Indu Shahani
Director
P Sinha
Director
Indira Parikh
Director
Michael Bastian
Director
Sudhir Bhargava













IndianOil Foundation
SG
Finance
VS
Finance & Business
Developme...
SJ
Human Resources
SK
Human Resources
Development
TA
Internal Audit
VS
Communication
SM
IndianOil Institute
NB
Secretary
RR
Marketing
MN
Pipelines
VO
Refineries
RG
Research &
Development
RM
Planning & business
develoment
GAS (AM)
CIO (SR)
OPTIMISATION (NG)
PETROCHEMICALS





I ndianOil is not only the largest commercial enterprise in the country it is the flagship
corporate of the I ndian Nation. Besides having a dominant market share, I ndianOil is widely
recognized as Indias dominant energy brand and customers perceive IndianOil as a reliable
symbol for high quality products and services.

Benchmarking Quality, Quantity and Service to world-class standards is a philosophy that
I ndianOil adheres to so as to ensure that customers get a truly global experience in I ndia. Our
continued emphasis is on providing fuel management solutions to customers who can then
benefit from our expertise in efficient sourcing and least cost supplies keeping in mind their
usage patterns and inventory management.

I ndianOil is a heritage and iconic brand at one level and a contemporary, global brand at
another level. While quality, reliability and service remains the core benefits to our customers,
our stringent checks are built into operating systems, at every level ensuring the trust of over a
billion Indians over the last four decades.

Our Retail Brand template of XtraCare(Urban), Swagat(Highway) and Kisan Seva
Kendras(Rural) are widely recognized as pioneering brands in the petroleum retail segment.
IndianOils leadership extends to its energy brands - Indane LPG, SERVO Lubricants,
Autogas LPG, XtraPremium Branded Petrol, XtraMile Branded Diesel, XtraPower Fleet
Card, I ndianOil Aviation and XtraRewards cash customer loyalty programme.





I. INDANE GAS.
II. AUTO GAS.
III. NATURAL GAS.
IV. PETROL/GASOLINE.
V. DIESEL/GAS OIL.
VI. ATF/JET FUEL.
VII. SERVO LUBRICANT/ GREASES.
VIII. MAIRNE FUEL & LUBRICANTS.
IX. KEROSENE.
X. BITUMEN.
XI. PETROCHEMICALS.
XII. SPECIAL PRODUCTS.
XIII. CRUDE OIL.



I. REFINING.
II. PIPELINES.
III. MARKETING.
IV. RESEARCH & DEVELOPMENT.






"CSR: A Cornerstone of our Enduring Success"
At I ndianOil, corporate social responsibility (CSR) has been the cornerstone of
success right from inception in the year 1964. The Corporations objectives in this key
performance area are enshrined in its Mission statement: "to help enrich the quality
of life of the community and preserve ecological balance and heritage through a strong
environment conscience."

We at I ndianOil have defined a set of core values for ourselves Care, I nnovation,
Passion and Trust to guide us in all we do. We take pride in being able to claim
almost all our countrymen as our customers. Thats why, we coined the phrase,
IndianOil India I nspired", in our corporate campaigns. Public corporations like
I ndianOil are essentially organs of society deploying significant public resources. We,
therefore, are aware of the need to work beyond financial considerations and put in
that little extra to ensure that we are perceived not just as corporate behemoths that
exist for profits, but as wholesome entities created for the good of the society and for
improving the quality of life of the communities we serve.

Besides focusing primarily on the welfare of economically and socially deprived
sections of society, I ndianOil also aims at developing techno-economically viable and
environment-friendly products & services for the benefit of millions of its consumers,
while at the same time ensuring the highest standards of safety and environment.


Sharing Profits

Every year, I ndianOil sets aside a fixed portion of its profits for spreading smiles in
millions of lives across the country through a comprehensive community welfare and
development programme. About one-fourth of the community development funds are
spent on the welfare of Scheduled Caste and Scheduled Tribe beneficiaries.


I ndianOil has a concerted social responsibility programme to partner communities in
health, family welfare, education, environment protection, providing potable water,
sanitation, and empowerment of women and other marginalised groups. IndianOil has
always been in the forefront in times of national emergencies. I ndianOil People have
time and again rallied to help victims of natural calamities, maintaining uninterrupted
supply of petroleum products and contributing to relief and rehabilitation measures in
cash and kind.

LPG Schemes

Provision of Common LPG Kitchen facilities in villages
Release of one-time grant to Below Poverty Line (BPL) families in the rural areas for
release of new LPG connection under Rajiv Gandhi Gramin LPG Vitarak
Yojana(RGGLV Yojana)


I ndianOil Foundation:

The I ndianOil Foundation (I OF), a non-profit Trust was created in 2000 to protect,
preserve and promote the National Heritage, in collaboration with ASI and NCF of the
Government of I ndia. In the first phase, the following sites have been identified for
developing tourist friendly facilities in the monument complex:

Konark Sun Temple, Odisha in Eastern Zone
Vaishali, Bihar in Eastern Zone
Kanheri Caves, Maharashtra in Western Zone
Khajuraho, Madhya Pradesh in Central Zone
Warangal Fort, Andhra Pradesh in Southern Zone
The projects for developing tourist friendly facilities at the above sites are in various
stages of planning/execution.

The Corporation also supports a variety of endeavours in arts, culture, music and
dance, apart from organising programmes on its own under the banners of I ndianOil
Art Exhibition, I ndianOil Sangeet Sabha and I ndianOil Kavi Sammelan.







:

Community Development:
The Community
Development Programme
adopts a multi-disciplinary
approach incorporating
health, family welfare,
education, drinking water
and sanitation,
empowerment of women
and other marginalized
groups in the vicinity of
our major installations.

IndianOil Scholarship Schemes:
I ndianOil Educational Scholarship Schemes: I ndianOil awards 2600 scholarships to
meritorious students pursuing full-time courses in 10+/I TI , Engineering/Medical and
Business Administration to nurture and support talent among the deserving students
belonging to families with less than rupees one lakh as the gross joint annual income.
Out of which 50% are reserved for SC/ST/OBC students, 25% of the Scholarship is
earmarked for girl students and 10% for Physically Handicapped students.
IndianOil Scholarships Scheme for Graduate and Post-Graduate students: Under
the scheme total 600 scholarships (300 for Engineering, 200 for MBBS and 100 for

National Causes and Natural Calamities:
I ndianOil responds proactively to provide aid and relief to the victims of any natural
calamities like floods, tsunami, earthquake, cyclones etc. I ndianOil also contributes for
national causes in the benefit of the nation like setting up of educational institutions of
national importance like the Rajiv Gandhi Institute of Petroleum Technology to
promoting a cause like National Childrens Fund, Jansankhya Sthirtha Kosh etc.

Environment:
As part of its environment-protection initiatives, I ndianOil has invested close to Rs.
7,000 crore in state-of-the-art technologies at its refineries for production of green
fuels meeting global standards. To further reduce dependence on precious petroleum
products and secure the nations energy security, the Corporation is now in the process
of commercialising various options in alternative fuels such as ethanol-blended petrol,
biodiesel, and Hydrogen and Hydrogen-CNG.








I n our opinion, based on test check carried out by us, verification of records
produced to us and according to the information furnished to us by the
Company, its Company Secretary and Officers, the Company has complied
with the provisions of the Companies Act, 1956 (the Act) and Rules made
under the Act and the Memorandum and Articles of Association of the
Company with regard to:

1) maintenance of various Statutory Registers and documents and making
necessary entries therein;

2) filing of the requisite forms and returns with the Registrar of Companies,
Maharashtra, Mumbai and Central Government within the time prescribed
under the Act and rules made there under;

3) service of documents by the Company on its Members, Auditors,
Debenture holders and Debenture Trustees;

4) closure of Register of Members and Share Transfer Books of the Company
from 13th September, 2010 to 21st September, 2010 (both days inclusive);

5) convening and holding of the meetings of Directors and Committees of the
Directors including passing of the resolutions by Circulation;

6) convening and holding of 51st Annual General Meeting on 21st
September, 2010;

7) approval of shareholders obtained through Postal Ballot Process;

8) minutes of the proceedings of General Meeting and meetings of the Board
and its committees were properly recorded in loose leaf form, which are
being bound in book form at regular intervals;

9) appointment and remuneration of Auditors and Cost Auditors;

10) transfers and transmission of shares and issue and delivery of original and
duplicate certificates of shares: dematerialization / re-materialization of
shares;

11) composition and terms of reference of Audit Committee;

12) declaration and payment of dividend;

13) transfer of amounts due under the Act to the I nvestor Education and
Protection Fund;

14) payment of interest on debentures and redemption of debentures;

15) investment of Companys funds including inter corporate loans and
investments and investment and loans to others;

16) giving guarantees in connection with loans taken by subsidiaries and
associate companies;

17) borrowings and registration, modification and satisfaction of charges;

18) deposit of both the employees and employers contribution relating to
Provident Fund with the Trusts created for the purpose;


19)contracts, Common Seal, Registered Office, and publication of name of
the company; and

20) generally, all other applicable provisions of the Act and the Rules made
there under that Act.

21) The Company has complied with all the requirements under the Listing
Agreement executed with the Bombay Stock Exchange Limited and
.National Stock Exchange Limited except that of Clause 49(1)(A) pertaining
to the Composition of Board of Directors regarding 50% I ndependent
Directors on the Board of the Company;







I ndian oil company ltd is coming up with new marketing strategies in which they
tie up with the local outlets in different cities,thus creating a symbiotic
environment.
I t is the largest refining company in country which makes this company ideally
positioned for growth in I ndia.
I t has largest crude and product pipeline network in the country.

Maximum number of customer touchpoints in the indian petroleum industry.

Besides this it has also made an remarkable contribution in welfare activities as
well as good in performing corporate social responsibility.

This enables a company to make a remarkable progress in future prospect and
achieve its long term objectives.