Indian Oil Corporation Limited (IOCL)

Indian Oil Corporation Limited (IOCL) is a public sector oil and gas company headquartered in New Delhi, India. It is the largest commercial enterprise in the country, with interests in refining, pipeline transportation, marketing of petroleum products, and exploration and production of crude oil and gas.
IOCL operates in the oil and gas industry, which is a key sector of the Indian economy. The demand for petroleum products in India is expected to grow in the coming years, driven by increasing population, urbanization, and industrialization.
The future of IOCL depends on its ability to adapt to changing market conditions and adopt new technologies to improve efficiency and reduce its carbon footprint. IOCL has announced plans to expand its presence in the electric vehicle (EV) charging infrastructure segment, and invest in renewable energy and biofuels.
In terms of revenue and profit, IOCL reported a revenue of INR 4.95 trillion (approximately USD 66 billion) and a net income of INR 21.8 billion (approximately USD 292 million) for the fiscal year 2020-21.