Indian Oil Corporation Limited (IOCL)

All You Need to Know About IOCL (Indian Oil Corporation Limited)

Oil, one of the most important chemical substances, is also referred to as ‘black gold’. Oil is one of the most versatile fossil fuels that is used in day-to-day modern activities, especially transportation in trains, airplanes, and ships, and is also a vital source for electricity generation. Oil is also used as a key ingredient in the production of various products, along with plastics, chemicals, fertilizers, and pharmaceuticals. Indian Oil Corporation Limited (IOCL) is the main source of fuel in India and deals in products like LNG, lubricants, natural gas, petrochemicals, and petroleum. As the blog title says, we’ll learn about IOCL and recent career opportunities for the candidates.

IOCL, which stands for Indian Oil Corporation Limited, is an Indian state-owned oil and gas company that comes in the category of the most eminent and prestigious organizations in the country and is also a leading force in the global energy sector. Established in 1959, Indian Oil Corporation Limited (IOCL) is a schedule ‘A’ Maharatna PSE in the petroleum sector with the administrative jurisdiction of the Ministry of Petroleum & Natural Gas. The registered office of IOCL is in Mumbai. The Indian Oil Corporation headquarters are presently located in New Delhi.

IOCL is marked by exceptional talent, cutting-edge technologies, and pioneering R&D. Renowned for its adherence to best practices, commitment to quality, and transparency, Indian Oil excels in harnessing energy responsibly and delivering it to consumers with remarkable affordability. In the realm of energy, Indian Oil represents a blend of innovation, integrity, and excellence.

Indian Oil’s business interests overlap the entire hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, as well as exploration and production of crude oil, natural gas, and petrochemicals.

IOCL has also ventured into alternative energy and the globalization of downstream operations. Indian Oil Corporation subsidiaries are also present in Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd.), and the Middle East (IOC Middle East FZE).

IOCL Features:

• IndianOil reaches precious petroleum fuels to every nook and corner of the country through its network of over 61,000 customer touch-points.
• The marketing network is bolstered by 70.25 MMTPA of Refining Capacity and around 20,000 KM of cross-country pipelines.
• Over 37,500 Fuel Stations spread across India, fuelling the dreams and aspirations of around 30 million Indians every day.
• IndianOil’s LPG brand Indane caters to more than 150 million customers.
• One of the leading Petrochemical players in India with a petrochemical production capacity of nearly 3200 KTA.
• IndianOil’s pioneering green initiatives, including Hydrogen Mobility, Hydrogen Transportation, Biofuels, Electric Mobility, Solar Cooktop and Minimising Water Footprint are central to our strategic vision for a cleaner energy future.
• In collaboration with Tata Motors, IndianOil mobilised a fleet of 15 hydrogen fuel cell buses that emit only water vapor, exemplifying our commitment to promote sustainable transportation.
• IndianOil has established itself as a leading CGD (City Gas Distribution) player in the country.
• The leading promoter of the Govt Of India’s SATAT (Sustainable Alternative Towards Affordable Transportation) scheme. First Indian company to start CBG marketing under the brand name “IndiGreen”.
• As of June 2024, IndianOil expanded the availability of E20 fuel to over 5,700 outlets across the country.
• In a landmark move in March 2024, the company introduced India’s first ETHANOL 100 fuel, which is now available at 400 outlets in Delhi, Uttar Pradesh, Maharashtra, Karnataka, and Tamil Nadu.
• IndianOil introduced another revolutionary initiative with the promotion of ‘Surya Nutan,’ our innovative solar cooktop. The Company entered into an agreement with EKI Energy Services to promote and deploy 350 units of ‘Surya Nutan’ in Dhar, Madhya Pradesh, as part of a clean cooking project leveraging carbon financing.
• As of June 2024, IndianOil commissioned 10,028 EV charging stations, which constitute 59.7% of all EV charging stations in the country. Additionally, battery swapping services are available at 99 fuel stations, providing flexible and efficient solutions for electric vehicle users.
• Spent nearly Rs 457.71 Crore on CSR endeavours during the last financial year across healthcare, education, sanitation, skill development, women empowerment and environmental sustainability.

IOCL Divisions

There are 7 major Business Divisions in the organization:

• Refineries Division
• Pipelines Division
• Marketing Division
• R&D Division
• Petrochemicals Division
• Exploration & Production (E&P) Division
• Explosives and Cryogenics Division

Indian Oil continues to expand its business operations abroad through its overseas establishments in Sri Lanka, Mauritius, the UAE, Singapore, the USA, Myanmar, and Bangladesh.

The company’s operations include refineries, pipelines, and marketing, and their portfolio of brands includes Indane, LP Gas, SERVO lubricants, XTRAPREMIUM petrol, XTRA MILE diesel, and Propel Petrochemicals. The Indian Oil Marketing Division is one of the largest petroleum marketing segments across Asia. In exploration and production, Indian Oil’s domestic portfolio includes 11 oil and gas blocks and two coal bed methane blocks, while its overseas portfolio consists of 10 blocks spread across Libya, Iran, Gabon, Nigeria, Timor-Leste, Yemen, and Venezuela.

How many oil refineries are there in India?

Presently, there are 23 refineries in India. The public sector includes 18 refineries, and joint ventures comprise 2 refineries. Apart from this, the remaining three refineries fall into the private sector. IOCL refinery in India contributes to environmental welfare as the refining and processing steps help in the removal of harmful products. These steps also have a positive impact on reliability during combustion. This way, every IOCL refinery in India plays a significant role in the oil and petroleum industry.

IOCL Locations in and Around India

1. Refinery locations of IOCL

• Barauni Refinery
• Bongaigaon Refinery
• CPCL, Chennai
• CPCL, Narimanam
• Digboi Refinery
• Guwahati Refinery
• Haldia Refinery
• Koyali Refinery
• Mathura Refinery
• Panipat Refinery
• Paradip Refinery

2. Pipelines of IOCL

• Salaya – Mathura crude oil pipeline
• Mundra – Panipat crude oil pipeline
• Paradip-Haldia-Barauni crude oil pipeline
• Koyali – Mohanpura product pipeline
• Koyali – Ahmedabad product pipeline
• Guwahati – Siliguri product pipeline
• Barauni – Kanpur product pipeline
• Haldia – Mourigram – Rajbandh product pipeline
• Haldia – Barauni product pipeline
• Panipat – Jalandhar LPG pipeline
• Dadri – Panipat R-LNG pipeline
• Koyali – Ratlam product pipeline
• Koyali – Dahej/ Hazira product pipeline
• Panipat – Bathinda product pipeline
•  Rewari product pipeline
•  Ambala – Jalandhar product pipeline
• Mathura – Delhi product pipeline
•  Bharatpur product pipeline
•  Tundla product pipeline
• Chennai – Trichy – Madurai product pipeline
•  Bangalore product pipeline
•  ATF pipeline
• Bangalore ATF pipeline
• Kolkata ATF pipeline
• Paradip – Raipur – Ranchi product pipeline
• Jaipur Panipat Naphtha Pipeline
• Paradip – Hyderabad product pipeline

3. Foreign subsidiaries of IOCL

• IndianOil (Mauritius) Ltd.
• IOC Middle East FZE

Important milestones

• IOC, in collaboration with Ola, launched India’s first electric charging station at one of its petrol-diesel stations in Nagpur.
• On 24 July 2017, IOCL announced that it was ranked 168th in the Fortune ‘Global 500′ listing for 2017. IOCL was the only Indian company in top 200 in the prestigious list.

Career opportunities at Indian Oil Corporation Limited [IOCL]

Indian Oil‘s core business has been in the refining, transportation, and marketing of petroleum products. In line with India’s fast-growing energy demand, the company has over the years expanded its operations across the hydrocarbon value chain—upstream into oil and gas exploration and production and downstream into petrochemicals—besides diversifying into natural gas and alternative energy resources.

To keep up with this work, every year, IOCL releases several vacancies for IOCL branches in India. Candidates, both fresh and experienced, are recruited depending on the roles and responsibilities.

Engineering Role:

Graduate Engineer Trainees (GET): Engineering graduates are recruited through the GATE score for Chemical Engineering, Civil Engineering, Computer Science and Information Technology, Electrical Engineering, Electronics and Communication Engineering, Instrumentation Engineering, Mechanical Engineering, and Metallurgical Engineering.

Earlier, IOCL released vacancies for Post Graduate Engineer Trainees (PGET) for Research Officers in the R&D sector.

Non-Executive Role:

Junior Engineering Assistant: This role is released to hire in various operational areas, including production and maintenance.

Technical Attendant: Diploma holders are recruited for the various technical support roles.

Other roles:

Recently, IOCL has released several vacancies, such as Security Chief, Doctors, Research Associate, Assistant Officers (Grade A), Chairman, and many others.

All these profiles demand certain educational qualifications, experience, or a qualifying GATE score.

Educational Qualifications

1. Graduate Engineer Trainees: Engineering roles often demand a B.E. or B.Tech. degree along with a good score in GATE as well as a good CGPA.
2. Junior Engineering Assistant: This role often involves a 3-year diploma in the respective engineering branch from a recognized institute or university with a minimum of 50% marks in aggregate.
3. Technical Attendant: Matric or 10th pass and ITI pass from a government-recognized institute.
4. Security Chief: Candidate holding a graduation degree and should have worked in police services on the rank of Dy SP to DIG.
5. Doctors: Doctors with an MD (Medicine), MS (General surgery)/ MBBS qualification and min two years experience as General Practitioner.
6. Research Associates: Ph.D. in Microbiology/Biochemistry/Biotechnology.
7. Assistant Officers (Grade A): Minimum 3-year graduation in any discipline obtained as a full-time regular course from Institutions/ Colleges/ Universities/ Deemed Universities duly recognized by AICTE or UGC.

Recruitment Process

At IOCL, the recruitment process varies depending on the profile. It might be a GATE score, a CBT exam, or a specific experience needed for a certain profile.

• Online Application: IOCL releases various job opportunities on the official website and invites candidates to apply online by providing their required details and submitting the application after the fee payment.
• GATE Score: Graduate engineers is a profile where IOCL seeks young engineers with a good GATE score.
• Written Test/CBT: Apart from GATE scores, IOCL conducts written tests/CBT for other positions. The objective type paper consists of topics such as numerical ability, general awareness, and subject knowledge. It is important to qualify for the exam.
• Skill/Proficiency/Physical Test (SPPT): Candidates who qualified for the CBT round will be shortlisted for the SPPT. The SPPT will be of a qualifying nature.
• Interview: Other positions require certain experience and eligibility criteria. Candidates fulfilling the criteria will be called for the interview.
• Document verification: Candidates who pass the written test and SPPT are required to submit and verify the original documents.

The recruitment process at IOCL does differ for the job profiles and categories. However, the procedures mentioned are common stages at IOCL.

Benefits

Indian Oil is a Maharatna PSU that offers candidates the opportunity to work on the nation’s growth. Being an employee at IOCL comes with various benefits, such as a handsome salary ranging from 60,000 to 180,000, depending on the job profile, along with various perks and benefits such as housing, medical facilities, retirement benefits, and other allowances. IOCL ensures financial security by providing retirement and insurance benefits, provident funds, gratuities, and others. The company also prioritizes the ideal workplace for its employees, making it attractive and the best choice for the employees to work at.

To know about the recent job vacancies at IOCL, visit the official website and read the advertisement carefully before applying to avoid any error.

IOCL

FAQs:

1. Is IOCL a government job?

Ans. The government of India owns IOCL, a Maharatna PSU, so jobs at IOCL are government jobs.

2. What is the salary at IOCL?

Ans. The salary at IOCL totally depends on the roles and responsibilities of the profile.

3. Is there any exam for IOCL?

Ans. Yes, IOCL conducts written examinations for the recruitment of non-executive personnel.

4. What are the benefits for IOCL employees?

Ans. IOCL offers various perks and benefits, such as DA, performance allowances, HRA, medical allowance, etc.

5. Is there negative marking in IOCL Exam?

Ans. There will be no negative marking for wrong answers in written exams conducted by IOCL.

6. Which sector is IOCL in?

Ans. IOCL comes under the petroleum sector.

7. What is the slogan of the IOCL?

Ans. The motto of IOCL is ‘Pehle Indian Phir Oil’.

Conclusion

Indian Oil Corporation Ltd. (IOCL) is India’s flagship national oil company, with business interests straddling the entire hydrocarbon value chain, ranging from refining, pipeline transportation, and marketing of petroleum products to exploration and production of crude oil and gas and marketing of natural gas and petrochemicals.

The Federation of Indian Petroleum Industry bestowed on Indian Oil the “Digitally Advanced Company of the Year” award for the second consecutive year. IOCL is a dream job for many engineers and a great organization to work with. Indian Oil offers its employees the best of both the corporate and government sectors. With immense growth and learning opportunities, it is the most coveted job among engineering graduates.

 

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