IndianOil
Ground Floor, Belarikbaganj, Madhubani, Purnia, Bihar 854301, India
3.9
171 reviews
8 comments
QFHH+R7 Purnia, Bihar, India
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Monday: 6–22
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IndianOil has ventured into alternative energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),[11] Mauritius (IndianOil (Mauritius) Ltd)[12] and the Middle East (IOC Middle East FZE).[13]
In May 2018, IOCL become India's most profitable state-owned company for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18, followed by Oil and Natural Gas Corporation, whose profit stood at ₹19,945 crores.[14] In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 40,000 barrels per day of crude in year 2020.[15] From April 1, 2020, The Indian Oil is in absolute readiness to launch BS-VI (Bharat Stage VI) fuels in all its retail outlets in Telangana and adopt world-class emission norms.[16]