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| Performance Highlights (Corporate) |
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| Last Updated: April 06, 2010 |
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Financial Performance
- Financial results for the year 2009-10 are under consolidation. However, for the period
April-December 2009, the Corporation's net profit was Rs. 4,664 crore as
against loss of Rs. 3,673 crore for the same period last year. The Gross
Turnover was lower by 12.13% to Rs. 1,99,207 crore during this period as
compared to Rs. 2,26,717 crore for the previous year.
- Despite
high under-recoveries, due to high crude oil prices, the borrowing levels were
kept within limits through liquidation of Government of India's Special Oil
Bonds worth Rs.16,453 crore at periodic intervals.
- The
availability of long term funds for project expenditure was ensured by issuance
of domestic bonds of Rs.2000 crore and international bonds of US$ 500 million.
This year saw IndianOil emerge as the first Indian corporate to enter the
international bond market.
- During
the fiscal year 2009-10, the Corporation rewarded its shareholders by issuing
bonus shares in the ratio of 1:1.
- The
long term rupee loan syndicated facility of Rs.14,900 crore for Paradip
Refinery project was declared as the 'Project Finance Indian Downstream Oil
& Gas Deal of the Year-2009' by Euromoney Project Finance.
Refineries
- During the year, the IndianOil refineries performed creditably on parameters of
distillate yield, energy efficiency and quality of products. Optimum operation
of secondary units at all IndianOil refineries through timely catalyst skimming
or replacing catalyst wherever required, minimising downtime etc., enabled
refineries in achieving the highest combined distillate yield of 75.2 wt% for
two years consecutively.
- A Naphtha Cracker Unit - the country's sixth and IndianOil's largest single
process unit - was commissioned at Panipat to produce 857 kilotonnes per annum (KTA) of ethylene, 665 KTA of
Propylene, 125 KTA of Benzene and other products viz., Hydrogen, Pyrolysis Fuel
Oil, and components of Gasoline and Diesel.
- Other major projects commissioned during the year include capacity enhancement (from
6 MTPA to 7.5 MTPA) and distillate yield improvement of Haldia Refinery,
Gasoline Desulphurization Unit at Mathura and PENNEX Unit and Gasoline
Desulfurisation unit at Panipat, Flare gas recovery systems at Bongaigaon and
Barauni , and two Hydrotreating reactors in DHDT unit of Panipat Refinery.
- Important projects under implementation are Residue Upgradation Project (RUP) at Gujarat
Refinery, MS Quality Upgradation Projects at Barauni, Digboi, Guwahati and
Bongaigaon as well as Panipat Refinery Additional Expansion Project (PRAEP)
- The following three refineries achieved the highest levels of crude oil throughput
during the year:
Figs in TMT
| Refinery |
2009-10 |
Previous Best |
| Barauni |
5940 |
5634 (2007-08) |
| Panipat |
13852 |
13714 (2007-08) |
|
Guwahati |
6042.1 |
5836 (2006-07) |
- In line with the National Auto Fuel Policy for supplying Euro-IV quality MS/HSD
across 13 cities, the Panipat, Mathura and Haldia refineries successfully produced and dispatched the products through
the commissioning of respective Quality Improvement Projects (QIP).
Implementation of QIPs at other refineries is in full swing and expected to be
completed progressively by Jun'10.
- For improved reliability of plant and machinery, 'TPM' has been undertaken in all
the units of Refineries Division. This has helped to cut across the barrier of
production, maintenance and other services functions and develop a strongly
bonded team with a common goal and commitment.
- 744 TMT of intermediate streams were shared among IndianOil group of
refineries to saturate the unutilised spare capacity of secondary treating
facilities This was a major factor in achieving the throughput and distillate
yield.
- During the year, the Process Design & Engineering Cell (PDEC)
carried out several revamp and modification jobs in-house, instead of
appointing consultants. Some of the major studies completed by PDEC included
troubleshooting of lower preheat & lower ATF yield at Mathura AVU, Coker
revamp from 0.17 to 0.26 MMTPA capacity at AOD.
- As part of keenly pursuing Clean Development Mechanism, the Flare Gas Recovery
Systems at Barauni and Gujaratrefineries were
registered with United Nations Framework Convention on Climate Change (UNFCCC)
during the year, earning 36154 certified emission reduction (CER) credits. CDM
allows emission reduction projects in developing countries to earn CER credits,
each equivalent to one tonne of CO2. These CERs can be traded and sold, and are
used by industrialized countries to meet a part of their emission reduction
targets under the Kyoto Protocol.
Pipelines
- During the year, the pipelines network registered the highest ever operational
throughput of 63.98 million tonnes (41.40 million tonnes of crude oil and 22.58
million tonnes of petroleum products), which is 8.11 % higher than the previous
year's throughput.
- The
benchmarking study of IndianOil pipelines carried out by Solomon Associates,USA, during the
year for three Pipeline units, viz., SMPL, HBCPL, CTMPL enabled gap analysis
and benchmarking with other pipelines worldwide.
- Slurry type drag reducing agents have been introduced in crude oil and product
pipelines in 2009-10 for enhancement of throughput.
- Mathura-DelhiPipeline achieved a milestone of being the first to introduce Euro IV MS fuel
to be supplied to the National Capital Region through the Bijwasan terminal.
- A wide range of pipeline projects were completed during the year, helping in
enhancing IndianOil's competitive advantage in positioning petroleum products
in a cost-effective manner. Major projects included Chennai-Bangalore Pipeline
and the augmentation of Mundra-Panipat Pipeline from 6 to 9 MMTPA for supplying
an additional quantity of 3 MMTPA crude oil for Panipat refinery expansion.
- With the commissioning of a Naphtha Cracker Unit at Panipat, a part of Naphtha
requirement will be met from Mathura Refinery by laying pipeline from Bijwasan
to Panipat. Transportation of Naphtha from Mathurato Bijwasan will be done through the
existing Mathura-Bijwasan section of MJPL. The project envisages laying of a
10" diameter, 118 km long pipeline from Bijwasan to Panipat for
transportation of Naphtha from Mathura Refinery to Panipat at a cost of Rs 79
crore.
- Pigging in MPPL completed with new discs as a perquisite requirement for injection of
Rajasthan crude.
- Some of the pipeline projects under implementation are Dadri-Panipat R-LNG Spur
Pipeline; Mathura-Bharatpur Spur Pipeline; Branch Pipeline to Hazira from KDPL;
Hook up of Tikrikalan terminal with MJPL; Augmentation of
Chennai-Trichy-Madurai pipeline; Construction of tanks and blending facility at
Vadinar; Branch pipeline from KSPL, Viramgam to Kandla; Transfer pipeline from
North oil jetty to PHBPL Paradip; Kolkata ATF Pipeline; Augmentation of CBPL
(Chittoor Pump Station) and Paradip- Sambalpur-Raipur-Ranchi Pipeline.
- Other projects include the integrated crude oil handling facilities at Paradip;
Marketing terminal at Ratlam; Guwahati ATF Pipeline and the De-bottlenecking of
the SMPL System.
- Total Productivity Maintenance (TPM) implementation initiated at Mathura and Bijwasan while a special drive
under the Suggestion Scheme launched with a focus on 'pilferage' and
'leveraging available technology/system'.
- During the year, Capability Building Programmes on Pipeline Operations were conducted
with in-house faculty and the contractual activities for the 16 month
operations and maintenance training programme for GNPOC personnel at Sudan were
completed.
Marketing
- With infrastructure as the backbone of the countrywide marketing operations, the
year 2009-10 saw large investments in new facilities and expansion of existing
ones, despite financial constraints. The emphasis was on covering the extra
mile, to reach products and services closer to customers.
- Among the many customer-centric initiatives launched during the year were - the
'Check-and-Fill' campaign, which drew excellent response and appreciation from
customers; introduction of toll-free
numbers and SMS/IVRS facility for booking LPG refills; SMS booking facility at
Delhi and Kochi as well as the 'Car-in-a-tank' sales promotion campaign for
branded fuels.
- Indane earned the coveted status of 'Superbrand' in 2009 and was
poised to expand in the rural market through the Rajiv Gandhi Gramin LPG
Vitarak Yojana. About 40.5 lakh new LPG customers and 27 lakh double bottle
connections were added to the rolls. A 44 TMTPA capacity LPG bottling plant was
commissioned at Baroda and locations identified for ten more plants.
- Augmentation of bottling capacities at Devanagonthi, Kochi
and Sarpara plant undertaken while work is in progress on the 600-TMTPA LPG
import terminal at Kochi 90 new LPG distributorships and over 40 auto-LPG dispensing stations were
commissioned.
- Inspite of the continuing turbulence in the aviation industry for the second year,
IndianOil Aviation consolidated its # 1 position. Aviation fuel sales increased
to 3,311 tkl in 2009-10 from 3,252 tkl the previous year and new businesses
from Air France, Delta Airlines, South African Airways, Kenya Airways,Turkish Airways, Air Chinawere
bagged. To augment our supply infrastructure, 16 state-of-the-art hydrant
dispensers and six 45-kl refuellers were inducted.
Marketing Infrastructure
| Parameter |
Number
added in 2009-2010 |
Cumulative
as on 31.03.2010 |
| Regular Retail Outlets |
200 |
15795 |
| Kisan
Seva Kendra (KSK) |
375 |
2920 |
|
Total |
575 |
18715 |
| ROs with
Autogas (LPG) dispending
stations |
41 |
264 |
| ROs with
Autogas (LPG) dispending
stations |
6 |
95 |
|
Automated ROs |
243 |
1476 |
|
XTRACARE ROs |
3 |
2024 |
- Changeover to quality-upgraded BS-III and IV fuels was a major logistics challenge and
several teams across the country worked round the clock to meet the deadline. A
new card XTRAPOWER Easy Fuel - with
added advantages for corporate customers and an insurance scheme benefitting
over one lakh pump attendants was introduced.
- Retail non-fuel revenue grew by 78% over the previous year and a record 120 ATMs were
commissioned during the year while in LPG the non-fuel revenue touched Rs. 49
crore against Rs. 31.7 crore the previous year.
- Rate contract secured from Indian Navy and Coast Guard for the 100% supply of fuels
for a period of three years and proactive efforts resulted in commissioning of
209 new Consumer pumps.
- Sales growth of 9.8% achieved in finished lubes and 18.4% in finished lubes+LOBS
while new products Futura P and Futura D were introduced. SERVO exports grew at
29.8% and the brand was launched in Qatar
- After-sales tie-ups for diverse types of lubricants, greases and coolants firmed up with
major automobile manufacturers such as Maruti Suzuki, Volvo Eicher, Ashok
Leyland, etc., and L&T Komatsu and approvals obtained for different grades
from Cummins (USA), Mahindra & Mahindra, Maruti Suzuki, Mahindra Navistar
Automotives Ltd, SEEPCO, Eaton (USA), etc. Agreement also signed with Essar Oil
for marketing of SERVO lubricants.
- Additional tankage completed at Rangpo, Bharatpur and a pipeline
receipt terminal commissioned at Devanagonthi on the Chennai-Bangalore product
pipeline, besides automation of terminals completed at MathuraCoimbatore, Sankari, GwaliorJabalpurand
Korukkupet.
- Advance Winter Stocking to Jammu and Kashmir completed ahead of
schedule and POL supply lines to Barak Valley, Tripura & Mizoram maintained
by 100% road bridging in the backdrop of grave law & order situation. A
grassroot depot at Zewan in Srinagar
and an installation at Thoise in remote Ladakh completed.
Research & Development
- During the year, the R&D Centre continued to innovate to add value to various
facets of IndianOil’s operations. Innovations carried out in Indmax unit at
Guwahati Refinery resulted in reduced steam consumption and improved yield
pattern. To reduce sulphur content in MS, trials conducted successfully in the
Indmax Unit with addition of spent catalyst.
- A new environment friendly process based on hydroprocessing developed for
selective mercaptan removal for ATF production.
- To aid smoother maintenance & inspection of refineries, advanced ultrasonic
inspection techniques employed with in-house expertise for health assessment of
thick-walled reactors of Hydro-cracking unit, high pressure T-joints of
Effluent – Hydrogen quench lines, CS welded joints of DHDT process piping and
crude tank bottom shell course.
- The lubricant technology team endeavoured to develop more energy
efficient, environmental friendly and longer drain SERVO lubricants. Over 181
lubricant formulations were developed during the year of which 75% were
commercialised.
- In a step towards commercializing Hydrogen fuel, a new low severity
Steam Methane Reforming process was developed for production of H-CNG mixture
in a single step from natural gas. A full-fledged commercial H-CNG station was
commissioned at IndianOil COCO in New Delhi
- As part of commitment to a green future. elaborate field trials were conducted to
establish the performance and compatibility of 10% Ethanol Blended Petrol on
motorcycles and passenger cars in collaboration with SIAM
- The R&D Centre provided technical support to the petrochemical business unit in
issues related to PTA quality, packaging
material to lubricants, polymer grade slate specifications, analysis of naphtha
samples and treated distillate aromatic
extract oil.
- A Memorandum of Understanding (MoU) was signed with NTPC Ltd., for conducting
collaborative research in bio-chemical treatment of sewage water, development
of high performance / energy efficient lubricants for import substitution for
power plants, establishment of integrated plant for bio-diesel production and
utilisation of biomass for power generation.
- Separate MoUs signed with NREL, USA, Sud-Chemie, Baroda, NORNER, Norway, Deakin University, etc.
Partnership agreements were also inked during the year with reputed academic institutes such as The
Energy Research Institute (TERI), Indian Institute of Technology, Delhi, Indian Institute of Technology,
Chennai, University of Petroleum & Energy Studies, Dehradun and Indian Oil Golden Jubilee Fellowship at
IISc, Bangalore, to foster effective industry-academia research.
International Trade & Shipping
- Five new grades of crude oil from various countries like Algeria, Australia, Kazakhstan, Libya and Nigeria were
procured for trial processing at our refineries and almost the entire LPG import requirement was finalized through
term contracts.
- IndianOil imported Euro IV (BS IV) grade for the first time and ten new parties registered for import of crude
and import/export of petroleum products, including LPG.
- A record quantity of 53.34 MMT of crude oil shipped from different ports to the Indian coast during the year and
two VLCC were taken on time charter to acquire better control over supply chain and to hedge against volatility in
shipping freight rates.
- Own bunkering system for our time charter vessels at foreign ports developed during the year. With this, TC
vessels can operate in Middle East Gulf/West Africa region.
- IndianOil won a legal battle against the International oil trading company Trafigura Beheer B.V. Netherlands,
in an arbitration case at the International Chamber of Commerce at London where the Tribunal dismissed the USD 10
million claim of Trafigura and instead directing them to pay IndianOil UK Pounds 310,000 as legal cost.
Human Resource
- A strategic plan to create a virtual Petrochemicals Division for ensuring smooth and timely implementation of petrochemicals business enabled by the formulation of Service Level Agreements (SLA) between the divisions for sharing of services, streams etc and dotted line relationship on common issues.
- In our endeavor to constantly upgrade our HR processes, the open recruitment process has been reviewed and scores from Graduate Aptitude Test for Engineering (GATE) will be used for screening candidates seeking employment in IndianOil which is a first in the Indian corporate world.
- The merger process of Bongaigaon Refinery and Petrochemicals Limited (BRPL) with IndianOil completed smoothly with actual integration on the ground and resolution of people issues swiftly undertaken during the year.
- IndianOil was adjudged as one of the top 25 'Best Employers' in the prestigious 'Outlook Business-Hewitt Associate Study' conducted amongst more than 275 corporate houses in India. IndianOil was the only PSU to find a place in the list of Top 25 Best Employers. The Business Today-People Strong Survey of India's Best Employers, ranked IndianOil amongst the top 5 "Best Companies to Work For" under the Core Sector category.
- A Sports Scholarship Scheme for promising young sports persons was introduced and 55 scholarships were released in seven games like Cricket, Table Tennis, Badminton, Tennis, Chess, Hockey and Golf.
- The IndianOil SBF Trust has accorded approval for merger of the Trusts/Funds of IBP Co. Ltd. Employees Superannuation Fund and IndianOil's Employees Superannuation Benefit Fund.
- IndianOil Institute of Petroleum Management, in its endeavor of ‘sustaining leadership in turbulent times’, conducted several strategic long term programs and two advanced full hybrid programs in project management and certified business leadership, through U-21 Global. IndianOil also signed an MoU with MDI, Gurgaon to focus on industry-academia interaction and conducted three summer schools. The IIPM got the prestigious Golden Peacock National Training Award in recognition of its innovative training practices for the year 2009.
- IndianOil has instituted a Chair Professor in the Department of Chemical Engineering at IIT, Kanpur by providing a lumpsum grant of Rs 40 lakh for promoting co-operation in the area of hydrocarbon research.
- Heritage plan proposals for Konark Sun Temple Complex, Khajuraho temples, Warangal Fort and Vaishali are in various stages of implementation by the IndianOil Foundation, a non-profit Trust set up with the objective to protect, preserve and promote National Heritage sites, in collaboration with the Archaeological Survey of India (ASI) and National Culture Fund (NCF), Ministry of Culture.
Information System and OPTIMISATION
- A combination of expertise in the oil domain and vast experience gained by our IS team in SAP applications opened up new vistas in consultancy projects for CPCL, Ceylon Petroleum and Lanka IOC Ltd.
- Recent technical upgrade of SAP R/3 software 4.6C to ECC 6.0 version has opened up a new window of opportunities for new business applications, access to efficient & convenient business processes and a collaborative business environment with stake holders and management of internal controls.
- CARE (Customer Acquisition, Retention & Enrichment Platform) - the e-biz portal for petrochemicals encompassing core business processes like customer acquisition/registration, product search, indenting, credit monitoring and channel partner invoicing has recently been launched.
- Advanced Planning and Scheduling System is being implemented for optimisation of production schedule at Lube plants based on demand forecast from field and the SERVO Stockists Management system was launched enabling the access of stockists information.
- INDSOFT, a software for LPG distributors has been made operational helping IndianOil to access the distributor transaction data and a centralized Supply Chain Framework has been developed and implemented.
- An interfacing module named Webdoc developed for generating documents in SAP at DOLGs, COLDs, OMC hospitality, AFSs, etc. and an on-line inspection module developed for various departments like M&I, Operations, LPG, Aviation and QC to enable them capture inspection details at the location itself for automatic generation of reports.
Safety, Health & Environment
- A Board Committee has been formed to reiterate IndianOil's commitment to Safety, Health and Environment.
- Special audits conducted in 332 Marketing installations, 66 Pipeline installations, 8 Refinery units & R&D centre.
- Training on Personal Fall Protection equipment for frontline officers in all Divisions and a Safety film on "Learning from Accidents" at Terminal/Depots developed during the year.
- Rainwater harvesting projects initiated at Refinery units, Marketing & Pipeline installations and fresh water consumption in Refinery units reduced by 5% while the reuse of treated effluent increased by 8%.
- 10825 MT oil sludge treated in refinery units across the company and a new generation Hydrogen CNG dispensing unit inaugurated at Dwarka, New Delhi.
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IndianOil awarded "Safety Innovation Award 2009" for the fifth consecutive year at the Safety Convention 2009 organized by the Institution of Engineers (India).
Business Development
CP & ES
- IndianOil's Perspective Plan - 2022, covering various aspects such as growth in core business, upstream and downstream integration, alternative energy and renewables and sustainable development unveiled and a Fact Book on Macroeconomic parameters issued.
- IndianOil signed an MoU with Nuclear Power Corporation of India Ltd. for exploring opportunities available in the field of nuclear energy and to pursue new alternatives in the energy business. A new department for 'Sustainability and Renewable Energy' formed.
- Solar Lantern as a Non Fuel Revenue (NFR) product launched in Orissa, Karnataka, North East and Punjab through petrol pumps. The first Solar Charging Station put up at Nolia Sahi, Puri, Orissa and the first wind power project in Gujarat achieves capacity utilization factor of 22.4%.
A. Integration Initiatives
- Exploration & Production
- Two Type-S blocks in Cambay basin awarded with 100% participating interest and operatorship under NELP VII. Government of Gujarat granted Petroleum Exploration License (PEL) for a block and exploration activities have been initiated.
- Two blocks have been provisionally awarded under the NELP-VIII round of bidding. A consortium of Repsol, Petronas, OVL, IndianOil and OIL has been awarded a project for the development, extraction, up-gradation and marketing of heavy oil in Carabobo heavy oil region of Venezuela.
- Petrochemicals
- During the year, LAB sales touched 126 TMT including the export of 19 TMT to 13 countries and over 30% growth achieved in PTA sales (535 TMT) while Garden Silk Mills, Alok Industries, Well known Polyester, Sumeet Industries, Bhilosa Industries, Polygenta have also been added to our customer base.
- Extensive customer mapping and segmentation of market accomplished, covering more than 3.4 MMTPA of Polymer volumes. Letters of Intent (LoI) issued to 34 selected CS/DCA as channel partners for polymer marketing and plans are on anvil to maximize PX & MS production in Gujarat Refinery.
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DFR study for SBR project at Panipat in a joint venture with TSRC, Taiwan; Marubeni, Japan and Butadiene Extraction Unit by IndianOil completed and Board approval obtained.
B. Diversification Initiatives
- Gas
- During the year, IndianOil sold 1.89 MMTPA of Natural Gas generating revenues of Rs. 2,989 crore.
- PLL signed LNG supply agreement with Mobil-Australia Resource Company for 1.44 MMTPA for its Kochi Terminal and IndianOil's offtake will be 30% of RLNG from the terminal.
- IndianOil, BPCL and GAIL signed Gas Sale Agreements (GSA) with NTPC for its Kayamkulam project for a period of 20 years.
- M/s. Green Gas Limited (GGL) granted authorization for implementation of City Gas Distribution(CGD) at Agra geographical area and the IndianOil-Adani consortium was the lowest bidder for CGD at Chandigarh, Ghaziabad and Allahabad.
- A Term Sheet executed with GSPL for jointly developing Cross Country Natural Gas Pipelines and bidding for Mehsana-Bhatinda, Bhatinda-Jammu-Srinagar & Mallavaram - Bhopal-Vijaypur Gas Pipelines.
LNG at the Doorstep
- LNG Sale Agreements signed with Hindusthan National Glass & Industries Ltd., Sinner (Maharashtra) for 12,000 MT per year and Sterlite Industries (I) Ltd., Silvassa (Dadra Nagar Haveli) for 2,700 MT per year.
- Bio-fuels
- Jatropha plantation covers an area of 653 Ha in Bilaspur and Ambikapur, Chhattisgarh envisaging production of 30,000 MTPA of Biodiesel. MoU for collaborating on commercial production of biodiesel from algae signed with PA LLC.
- Jatropha Agro-Techniques Manual compiled to set standards to be followed in Jatropha plantation. Energy Crop Plantation Documentation Module developed for capturing the various activities during energy crop plantation.
C. Globalisation Initiatives
- Consultancy
- The Manpower Secondment Agreement (MSA) with Emirates National Oil Company (ENOC), Dubai extended for providing start up assistance to ENOC for their newly installed Naphtha Hydrotreater Unit & Continuous Catalytic Reformer Unit.
- IndianOil provided consultancy services for capacity augmentation of 2 Condensate Distillation Units of ENOC's refinery in Dubai. The 2nd India-Africa Hydrocarbons Conference at Delhi was jointly organised by MoP&NG, FICCI and IndianOil. Kuwait Petroleum Corporation (KPC) selected IndianOil as a training provider.
- IndianOil (Mauritius) Ltd.
- IOML continued to set new records and overall sales grew by around 10% to 237 thousand kilolitres (KL) from 217 thousand KL last year to emerge with the third largest market share of 24.4% on a turnover of MUR 4.6 billion (INR 6.8 billion).
- In the highly competitive aviation business IOML's market share touched a high of 41.9% and the company is the only one operating Retail Outlets round the clock.
- As a part of its CSR activities, IOML contributed MUR 2.1 million (INR3.1 million) to various NGOs involved in health services to physically challenged children and vulnerable groups besides being the main sponsor of the Queen's Baton Relay, a curtain raiser to the XIX Commonwealth Games.
- IOML issued a maiden dividend of MUR 20 million (INR 29.4 million) during the year besides generating a revenue of MUR 852,000 (INR1.3 million) during the year by testing third party samples.
- Lanka IOC
- Lanka IOC recorded a healthy growth in sales of Diesel (up 18.7%), Lube (18%), XTRAPREMIUM petrol (up 167%) and XTRAMILE diesel (6.3%) while the non-fuel revenues from its retail network grew by 92% to Rs 23 million.
- Bunker fuel sales registered a huge growth of 846% and market share touched 41.3%.
- Eight petrol stations were refurbished at a cost of SLR 181 million and the China Bay jetty at Trincomalee Terminal augmented at a cost of SLR 36 million. A residential complex was also built at the terminal.
- Five new lube distributors, 14 SERVOXpress and five SERVOXpress fill outlets commissioned during the period and supply agreements for lubes signed with the Sri Lankan defence services.
- Agreement signed for USD 50 million facility with ICICI Singapore and a USD 95 million facility with SBI Singapore and Colombo.
- A dividend of SLR 250 million was obtained from Ceylon Petroleum Storage Terminal Ltd., while a CSR initiative in coordination with Ministry of Environment & Forest, Sri Lanka - "Go Green with Lanka IOC' - was launched at an annual cost of SLR 1.8 million.
- IOC Middle East
- SERVO launched in Oman and Qatar and distributors appointed in these markets as well as UAE.
- Finished lube sales registered a growth of 143% and Base Oil sales were up by 43% as compared to last year while innovative Flexi Tanks of Base oil supplied to various consumers.
- Supplies of Engine oil and Gear oil were made for the Toyota service network in Oman and Lube Seminars and oil analysis consultancy undertaken for knowledge sharing with several Customers, Distributors and OEM agencies.
Awards & Recognitions
- During the year, IndianOil received the SCOPE MoU Excellence Award in the ‘Petroleum’ sector.
- IndianOil bagged five of the prestigious PetroFed Awards for Best Performances in the individual, group and corporate categories.
- IndianOil adjudged the 'Most Trusted Brand' in the Petrol Station Category in India, in a survey by Reader's Digest in collaboration with the reputed research house, Nielsen Media Research for the third year in a row.
- Mr. Sarthak Behuria, Chairman, received the prestigious Indira Gandhi Paryavaran Puraskar in the 'Organisation' category from H.E. Ms. Pratibha Patil, President of India.
- Mr. V. C. Agrawal, Director (HR), IndianOil, conferred with the prestigious 'Pride of HR Profession Award', under the Global HR Excellence Awards, at the Asia Pacific HRM Congress-2009.
- Lanka IOC ranked seventh in the 'Business Today Top 10', an annual survey by a premier business magazine of Sri Lanka.
- IndianOil conferred the prestigious 'Oil & Gas Supply Chain Excellence Award' for the second consecutive year, at the Third Express Logistics & Supply Chain Conclave.
- IndianOil received 'Award for Global Impact by an Indian PSU'.
- Mr. Sarthak Behuria, Chairman, presented with the 'SCOPE Award for Excellence and Outstanding Contribution to Public Sector Management' - Individual Category (2006-07).
- IndianOil received four prestigious 'Oil Industry Safety Directorate (OISD) Awards'. Marketing Division received the award for the 'Most Safe Oil Marketing Company (OMC)' in the last three years. In the Refinery category, Mathura Refinery bagged the first prize while Haldia Refinery secured the third position. The Haldia-Barauni Crude Oil Pipeline was awarded the first prize in the 'Cross Country Pipelines – Crude Oil' category.
- IndianOil has been ranked as India's No. 1 company by the premier business daily Business Standard in the 'BS 1000' listing of India's corporate giants for the year 2009.
- National E-Governance award from Govt of India" instituted by Department of Administrative Reforms and Public Grievances and Department of IT and Communication.
- 'Most Admired Rural Retailer' at the India Retail Forum and 'Retailer of the Year - Rural Impact' at Asia Retail Congress for Kisan Seva Kendra rural initiative, both for the third consecutive year.
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