Dear Colleague,

On the 1st of September every year, we celebrate a historic landmark - the merger of Indian Oil Company Ltd and Indian Refineries Ltd. to form Indian Oil Corporation Ltd. In fact, it was a remarkable occasion which actually set in motion a revolutionary transformation of our nations energy landscape. Today, IndianOil is a force that stands for excellence in nation building, energy security and customer service.

The foundation of our past success was built on the commitment and dedication of our pioneering generation. Over the years, from a downstream petroleum company, we have emerged as an integrated diversified energy company which aspires to be the Energy of India. Our diversification moves into petrochemicals, E&P and alternative energy have broadened our profile. As an emerging energy company we are endeavoring to expand our scope through strategic initiatives in nuclear energy, wind power and solar energy.

But we still have a long way to go. We need to constantly review and renew ourselves, our goals and objectives, our attitudes and mindset to stay on top. Our commitment to excel, to deliver at all times and against all odds, is encapsulated in our core values of Care, Innovation, Passion and Trust which we should continue to nurture. As a new generation of IOCians takes the mantle of leadership forward, they would do so with the help of the time tested values that we have all treasured so far.

In the near future we can expect to face the full brunt of competitive forces. The needs of the customer has evolved and changed over the years. If we do not provide value to our customers, they will no longer stay in our fold. Every decision should therefore be adequately justified for both current and future needs. Even as we prepare for the future we should also ensure that our skills and mindset are appropriately honed to translate our aspirations into reality. In fact, the IndianOil Day that we celebrate today provides us with an opportunity to reflect on our past, act on the present and plan for the future.

On the occasion of the IndianOil Day, let us all make the commitment to take IndianOil to even greater heights of glory in the years ahead. On this joyous occasion, my wife Anuradha joins me in conveying our best wishes to every member of the IndianOil family.

JAI HIND