A Giant Is Born IndianOil was incorporated on June 30, 1959 down the stairs the name and zeal of Indian Oil Company Ltd. Upon conjugation 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 foremost April 2002 IndianOil owns and operates 10 of the countrys 18 refineries with a civilisation allot of 33% (over 41%, if the message of recently acquired subsidiaries is in addition added). IndianOils seventh refinery at Panipat was commissioned in 1998. IndianOils quantity refining efficacy is now 38.15 Million Metric Tonnes per Annum# (as of initiatory April 2002). IndianOil commissioned Indias first product pipeline, the Guwahati - Siliguri pipeline, in 1965. This 435-Km pipeline connecting Guwahati Refinery to assorted 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 down in the mouth 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 late(a) 60s. From then on, the company has bountiful fro! m strength to strength and soon holds about 53.2% market share among oil public area 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 pauperism to get a well(p) essay, order it on our website:
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