Question

what is the business model of Indian oil corporation?

Answer 1

Indian Oil Corporation is the largest oil refining and marketing company in India in terms of sales.It has division for refining, marketing, and pipeline network. Its key activities includes refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil and natural gas and petro chemicals production.

Indian Oil Corporation functioning along with its key partners include it's subsidiaries and joint ventures, government of India, vendors and suppliers, Government of other countries and with other Corporations.

The company has its clear vision to be The energy of India and to become a globally admired company. It has also ventured into alternative energy and globalisation of downstream operations.

Company has huge Oil and gas Reserves. Indian oil account for half of India's petroleum products market share. They have support from Government of India and also from various partnership alliances. Indian Oil Corporation has grown rapidly interms of business and financials.

IOC today is diversified, integrated energy major with presence in almost all the streams of oil,gas, petrochemicals and alternative energy sources. The stock price of the company has grown as a multibagger over the years