Jobs In Indian Oil Corporation Limited (IOCL)

IndianOil’s relentless pursuit of excellence has garnered prestigious accolades across the global stage. The company is the leading oil and gas PSU from India featuring on 116 position in the Fortune ‘Global 500’ list. It has maintained its leadership in the ‘BW Top 500’ for the third consecutive year and has been recognized as the most respected oil and gas company by Business World. Additionally, IndianOil achieved the third spot for brand strength in the oil and gas sector in the ‘Brand Finance’ rankings. Its unwavering dedication to sustainable development has also been acknowledged on the global front, with IndianOil being named the leading Indian oil and gas corporation in the Bloomberg NEF Global Energy Transition Score and topping the S&P Dow Jones Sustainability Indices for the sector.

IndianOil is steadfast in its commitment to shaping the future of energy. The company has set a visionary goal to achieve operational Net-Zero Emissions by 2046, aligning with India’s broader target of Net-Zero by 2070. This ambitious objective highlights IndianOil’s dedication to setting new benchmarks in environmental sustainability.

As it leads the charge in India’s energy transition, IndianOil is embarking on a bold journey to become a ‘One Trillion Dollar Giant by 2047.’ This goal aligns with India’s vision to evolve into a $30 trillion economy by the same year.

With the nation’s energy demands surging in tandem with its economic growth, IndianOil is accelerating its efforts to expand its capabilities and infrastructure. The company aims to fulfill 12.5% (one-eighth) of India’s energy needs by 2050. This strategic aim is part of a comprehensive growth blueprint that emphasizes expanding the energy portfolio, adopting cutting-edge technologies, and fostering strategic partnerships.

Every day, IndianOil processes over 1.6 million barrels of crude oil and delights over three crore Indians through an expansive network of 61,000+ customer touchpoints, including 37,500+ fuel stations. It delivers more than 26 lakh LPG cylinders daily, even to the remotest corners of India, and fuels over 2,300 flights, with more than half of the flights in Indian skies being refuelled by IndianOil. For IndianOil, every day is an opportunity to power the progress and possibilities for the nation, demonstrating core values of Nation-First, Care, Innovation, Passion, and Trust.

IndianOil’s extensive pipeline network consistently achieved record throughput, expanding to nearly 20,000 kilometers. With a commanding market share exceeding 45% and a customer base surpassing 15 crore, IndianOil remains at the forefront of implementing the Pradhan Mantri Ujjwala Yojna (PMUY), heralding a new era of clean cooking. The company has introduced a range of customer-centric initiatives to further bolster its LPG business.

For nearly six decades, IndianOil’s flagship brand ‘Indane’ has revolutionized domestic LPG in India, profoundly impacting lives and businesses. The company’s commitment to customer safety remains unwavering, with industry-first initiatives designed to ensure safety from its facilities directly to customers’ homes.

In addition to its LPG success, IndianOil’s lubricants segment has become a cornerstone of its portfolio, demonstrating impressive growth with a Compounded Annual Growth Rate (CAGR) of 15.3% over the past four years. The company continues to lead in niche areas such as explosives and cryogenics, with a forward-looking strategy focused on expansion and innovation.

On the international front, IndianOil has enhanced its presence in neighboring countries including Nepal, Sri Lanka, the Maldives, and the Middle East. A notable achievement includes a Joint Venture (JV) agreement for establishing a lube plant in Nepal. In the UAE, IndianOil has made significant advancements in the lubricants sector with the introduction of two new grades of SERVO lubricants, further solidifying its global footprint.

IndianOil – In Every Part, In Every Heart

• 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, that 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.

Introduction

Welcome to the heart of IndianOil, where our vision and values converge. Our vision is to be the ‘Energy of India’ and to become ‘A globally admired company.’ As we step into an era of transformation, we are broadening our horizons, expanding across new vistas, and infusing new-age dynamism among our employees. Our journey, which began with the merger of Indian Oil Corporation Ltd. and Indian Refineries Ltd. in 1964, has been guided by our core values of Care, Innovation, Passion, and Trust. These values embody the collective conscience of IndianOil and its people, steering us towards our North Star – being the Energy of India and Globally Admired.

Genesis of Project Sattva

In our pursuit to shape India’s green future, we embarked on Project Sattva. The name ‘Sattva’ means ‘essence’, and this project was all about getting to the essence of what makes IndianOil unique. It was a journey to revitalize our golden values of Care, Innovation, Passion, and Trust (CIPT), and identify what is uniquely IndianOil. This project was a collective effort, with over 20,000 IOCians sharing their voices, experiences, and future aspirations for our company. The project was a deep dive into the soul of IndianOil, a quest to understand our strengths, our aspirations, and our shared vision for the future.

Our New Values:

Project Sattva revealed how deeply ingrained CIPT is for every single IOCian. As we navigate towards the future, it is imperative that we embrace additional values to guide our path. We are introducing our fifth core value – Nation-First. This value embodies our shared sentiment of “Pehle Indian Phir Oil”, reflecting our profound sense of duty to serve the nation and its people. We are always on Duty to Propel the Nation. Our golden values of Care, Innovation, Passion, and Trust will continue to be at the core of IndianOil. However, we have augmented their meaning

IndianOil’s Rejuvenated Values are:

• Nation-First- Always On Duty to Propel the Nation
• Care will now mean – Leading with Empathy and Driving Business Vision.
• Innovation will stand for – Solving for Tomorrow and Responding with Agility.
• Passion will mean going the Xtra Mile and Daring to be Bold.
• Trust will be reflected in how we Commit to Deliver and Grow the Ecosystem.

IndianOil Values Day

As we celebrate our 64-year journey, we are thrilled to announce that henceforth, the 30th of June will be observed annually as IndianOil Values Day. This day will serve as a platform for us to reaffirm our commitment to our guiding principles, both personally and professionally. This inaugural Values Day is particularly significant as we unveil our new set of core values, developed as part of Project Sattva.

Embodying Our Values

Every IOCian, present and future, must embody these revitalized values that will steer us towards greater heights. We encourage each one of you to reflect on how you bring these values to life every day. This self-reflection and awareness will ensure that our internal compass is always pointed towards our North Star. These new values will also be reflected on our company website as a public commitment to all our stakeholders.
From this day forward, let us recommit ourselves to our values of Care, Innovation, Passion, Trust, and Nation-first with renewed fervor as we embark on this new era. Welcome to the future of IndianOil.

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