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Indian Oil Corporation
4.4
based on 3k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at Indian Oil Corporation
Company Summary
IndianOil, is an integrated oil company in India and across the globe has its presence in almost all the streams of oil, gas, petrochemicals, and alternative energy sources.
Overall Rating
4.4/5
based on 3k reviews
10% above
industry average
Highly rated for
Company culture, Job security, Work-life balance
Work Policy
Work from office
77% employees reported
Monday to Saturday
59% employees reported
Strict timing
54% employees reported
No travel
44% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
214 employees reported
Office cab/shuttle
119 employees reported
Health insurance
116 employees reported
Professional degree assistance
97 employees reported
View all benefits
About Indian Oil Corporation
Founded in1959 (66 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersDelhi/NCR, Delhi, India
Office Locations
Websiteiocl.com
Primary Industry
Other Industries
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View in video summary
Indian Oil is India's #1 oil refiner. Of India's 20 refineries, the company owns 10, which have a combined capacity of 67.7 million metric tons per year (34% of India's total refining capacity). The group also owns more than 10,900 kilometers of pipeline and operates a chain of some 18,640 gas stations across India. India's largest commercial enterprise, Indian Oil has 71% of India's downstream pipeline throughput capacity, and its network of 35,600 retail outlets represents 49% of the country's petroleum products market share. The group also provides cooking gas to more than 50 million households. The company also has a 63% market share of India aviation fuel sector.
Mission: To serve the national interests in oil and related sectors in accordance and consistent with Government policies and ensure maintenance of continuous and smooth supplies of petroleum products by way of crude oil refining, transportation and marketing activities.
Vision: Indian Oil nurtures the core values of Care, Innovation, Passion, Trust across the organization in order to deliver value to its stakeholders.
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Indian Oil Corporation Ratings
based on 3k reviews
Overall Rating
4.4/5
How AmbitionBox ratings work?
5
1.9k
4
652
3
280
2
66
1
99
Category Ratings
4.2
Company culture
4.2
Job security
4.2
Work-life balance
4.2
Skill development
4.2
Work satisfaction
4.0
Salary
3.8
Promotions
Indian Oil Corporation is rated 4.4 out of 5 stars on AmbitionBox, based on 3k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Indian Oil Corporation
based on 2.7k reviews
4.5
Rated by 262 Women
Rated 4.3 for Work-life balance and 4.3 for Company culture
4.4
Rated by 2.5k Men
Rated 4.2 for Work-life balance and 4.2 for Company culture
Work Policy at Indian Oil Corporation
based on 256 reviews in last 6 months
Work from office
77%
Hybrid
13%
Permanent work from home
10%
Indian Oil Corporation Reviews
Top mentions in Indian Oil Corporation Reviews
+ 5 more
Compare Indian Oil Corporation with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.4/5 based on 3k reviews | 4.0/5 based on 16k reviews | 4.2/5 based on 1.7k reviews | 4.2/5 based on 1.4k reviews |
Highly Rated for | Skill development Work-life balance Job security | Job security Skill development Work-life balance | Skill development Work-life balance Salary | Salary Skill development Work-life balance |
Critically Rated for | No critically rated category | Promotions | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 77% employees reported | Work from office 81% employees reported | Work from office 82% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 4.5 Good rated by 262 women | 3.8 Good rated by 1.1k women | 4.3 Good rated by 161 women | 4.0 Good rated by 162 women |
Rating by Men Employees | 4.4 Good rated by 2.5k men | 4.0 Good rated by 14k men | 4.1 Good rated by 1.4k men | 4.3 Good rated by 1.1k men |
Job security | 4.2 Good | 4.1 Good | 3.8 Good | 3.9 Good |
View more
Indian Oil Corporation Salaries
Indian Oil Corporation salaries have received with an average score of 4.0 out of 5 by 3k employees.
Project Assistant
(124 salaries)
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₹2.4 L/yr - ₹4.3 L/yr
Computer Operator
(106 salaries)
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₹1 L/yr - ₹4.3 L/yr
Accountant
(104 salaries)
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₹1 L/yr - ₹4.8 L/yr
Mechanical Engineer
(82 salaries)
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₹1.3 L/yr - ₹6.9 L/yr
Safety Officer
(72 salaries)
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₹2 L/yr - ₹5.4 L/yr
Trainee
(62 salaries)
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₹1 L/yr - ₹5 L/yr
Data Entry Operator
(61 salaries)
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₹0.7 L/yr - ₹3.1 L/yr
Supervisor
(56 salaries)
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₹1.5 L/yr - ₹5 L/yr
Junior Engineer
(53 salaries)
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₹1.2 L/yr - ₹10 L/yr
Accounts Officer
(49 salaries)
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₹6.5 L/yr - ₹21 L/yr
Indian Oil Corporation Interview Questions
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Indian Oil Corporation News
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Indian Oil Readies Green Jet Fuel Plant, 30 GW Renewable Capacity In Net-Zero Push
- Indian Oil Corp Ltd., India's largest state-run oil refiner and marketer, plans to produce environment-friendly jet fuel in the coming months and set up 30 GW renewable energy capacity by 2030 as part of its sustainability efforts.
- The company aims to achieve 1% sustainable aviation fuel blending by 2027, 2% by 2028, and 5% by 2030.
- Indian Oil's strategic moves align with its broader vision to achieve net-zero emissions by 2046.
- The company will start the production of sustainable aviation fuel and make significant investments in the renewable energy sector.
Bloomberg Quint | 20 Feb, 2025
Stock Recommendations Today: Hindalco, HAL, Titan, Power Financiers On Brokerages' Radar
- Brokerages' radar today includes recommendations on Hindalco, HAL, Titan, and power financiers.
- Jefferies notes the absence of a rally in Indian markets despite relief measures.
- Financial sectors are highlighted following rate cuts, while BofA sees sectoral strength amid overall market weakness.
- Recommendations include maintaining 'Buy' ratings on IOCL, BPCL, and HPCL by HSBC on OMCs.
- CLSA maintains 'Outperform' on PFC and REC citing benefits from renewable and thermal capex.
- Jefferies lowers target price for Entero Healthcare but maintains 'Buy' rating due to projected future growth.
- HSBC maintains 'Buy' on Maruti Suzuki, foreseeing India as an EV export hub for Suzuki and Toyota.
- Brokerages remain positive on Hindalco, with CLSA and JPMorgan maintaining 'Outperform' and 'Overweight' ratings, respectively.
- Titan receives a 'Buy' rating from Goldman Sachs with expectations of continued growth momentum.
- Jefferies holds a 'Hold' rating on Manappuram, noting missed profit expectations and increased credit costs.
- JPMorgan maintains an 'Overweight' on Reliance Industries, highlighting potential upside from subsidiary listings and other factors.
Bloomberg Quint | 14 Feb, 2025
ADNOC Gas, IoCL ink $9-billion long-term supply agreement
- ADNOC Gas and IndianOil have signed a $9-billion long-term supply agreement.
- The agreement converts the previous Heads of Agreement into a Sales and Purchase Agreement.
- Deliveries are set to begin in 2026, and the agreement is valued between $7-9 billion over 14 years.
- ADNOC Gas aims to support India's goal to make gas 15% of its primary energy basket by 2030.
HinduBusinessLine | 13 Feb, 2025
PSU OMC’s capex spend to grow by 4.5% in FY26
- PSU OMCs, including IOCL, BPCL, and HPCL, are expected to increase their capital expenditure (capex) by 4.5% in FY26.
- IOCL is projected to spend around ₹35,000 crore, while BPCL and HPCL are likely to invest ₹18,500-19,000 crore and ₹13,000-15,000 crore, respectively, in FY26.
- The capex run-rate of OMCs is expected to remain strong, driven by refining and petrochemicals, due to the anticipated 4-5% CAGR growth in India's oil demand.
- The government has proposed higher budget allocations in FY26 for the three OMCs to support India's increasing energy consumption, with investments planned in E&P, Refining & Marketing, and Petrochemicals.
HinduBusinessLine | 4 Feb, 2025
Buy, Sell Or Hold: Zomato, RVNL, IRFC, Mankind Pharma, IOC, Bajaj Housing Finance — Ask Profit
- Analysts shared insights on share prices of Zen Technologies, Mankind Pharma, and Natco Pharma.
- RVNL (CMP: Rs 427.65) was advised to hold with strong support at Rs 410–415 levels.
- IRFC (CMP: Rs 141.73) was recommended to hold for one to two weeks with an upside target of 5–8% and a potential to reach Rs 155.
- Mankind Pharma (CMP: Rs 2,477.5) was suggested as a buy with a long-term target of Rs 2,700 in one year.
- Bajaj Housing Finance (CMP: Rs 1,115.87) was advised as a buy, as the numbers were good and there is a good upside potential.
- Zomato (CMP: Rs 222.50) was recommended as a sell, given the high volatility and overall downward trend in the stock.
- Natco Pharma (CMP: Rs 1,171.00) was advised to hold with a target of Rs 1,450 in six-eight months.
- Indian Oil Corp (CMP: Rs 123.64) was suggested to hold with a target of Rs 150–160 in six to 12 months.
- Zen Technologies (CMP: Rs 1,695.30) was recommended to hold for one to two years as a good pick in the long term.
Bloomberg Quint | 29 Jan, 2025
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Indian Oil targets 5-6 GW renewable energy projects in green push
- Indian Oil (IoCL) plans to target 5-6 GW of renewable energy projects as part of its strategy to become Net Zero carbon dioxide emitter by 2046.
- The company aims to add 31 GW of renewable capacity by 2031 through a mix of organic growth, joint ventures, and mergers and acquisitions.
- IoCL currently has a renewables portfolio of 246.94 MW, including wind and solar capacity.
- The company has established a subsidiary, Terra Clean, to focus on low-carbon and sustainable energy operations.
HinduBusinessLine | 28 Jan, 2025
Q3 Results Live: Adani Wilmar Profit More Than Doubles; Yatharth Hospital Profit Rises 4%
- Adani Wilmar reports a more than double increase in profit for Q3.
- Yatharth Hospital's profit rises by 4% but misses estimates.
- Other companies such as Indian Oil, Indraprastha Gas Exports, Canara Bank, and Union Bank of India also announce their results.
- Tata Steel, Coal India, ACC are expected to announce their Q3 results today.
Bloomberg Quint | 27 Jan, 2025
Q3 Results Today: Tata Steel, Indian Oil, Coal India, Bajaj Housing Finance, Indraprastha Gas And More
- Major companies like Tata Steel, Indian Oil, Coal India, Bajaj Housing Finance, and Indraprastha Gas are set to report their Q3 earnings today.
- Other companies include Canara Bank, KRN Heat Exchanger And Refrigeration, RailTel, and more.
- Emami reported a 17.2% YoY increase in net profit for Q2, driven by improved margins and steady growth.
- Tata Steel reported a 3% YoY decline in consolidated revenue in Q2 but made a strong recovery with a net profit of Rs 759 crore.
Bloomberg Quint | 27 Jan, 2025
Tata Steel, Coal India, ACC, Indian Oil, Indraprastha Gas —Earnings Estimates
- Tata Steel is expected to have a loss of Rs 300 crore and revenue of Rs 52,438 crore for Q3.
- Coal India is expected to post a net profit of Rs 8,368 crore for Q3.
- ACC is expected to report a net profit of Rs 357 crore and revenue of Rs 4,934 crore for Q3.
- Indian Oil is expected to report a revenue of Rs 1.92 lakh crore and net profit of Rs 5,485 crore for Q3.
- Indraprastha Gas is likely to have a profit of Rs 365 crore and revenue of Rs 3,684 crore for Q3.
Bloomberg Quint | 26 Jan, 2025
Stock Recommendations Today: Dixon Tech, BSE, Cement Companies On Brokerages' Radar
- JM Financial covers cement companies including ACC, Ambuja, Birla Corp, Dalmia Bharat, JK Cement and UltraTech. JM Financial gives all cement companies a buy or hold recommendation.
- Emkay Global expects the cement industry to focus towards profits and the optimization of costs, offering a reduction in cyclicality.
- Oil and gas companies are Emkay's bullish calls, despite projected near-term volatility in oil prices and expected declines in fuel marketing margins.
- ONGC, Oil India, IOCL, BPCL, and HPCL are Emkay's recommended oil and gas companies.
- Ambit's buy rating for the Bombay Stock Exchange (BSE) highlights the company's potential for margin expansion.
- Emkay's buy rating for Dixon Tech points to mid-to-long-term growth opportunities within smartphone assembly and IT hardware.
- Citi retains its sell rating for HDFC AMC despite the company's strong core earnings.
- Comprehensive Budget 2025 coverage, as well as live TV, are available on NDTV Profit.
Bloomberg Quint | 15 Jan, 2025
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Indian Oil Corporation Subsidiaries
Chennai Petroleum Corporation
4.4
• 202 reviews
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Indian Oil Corporation FAQs
When was Indian Oil Corporation founded?
Indian Oil Corporation was founded in 1959. The company has been operating for 66 years primarily in the Oil & Gas sector.
Where is the Indian Oil Corporation headquarters located?
Indian Oil Corporation is headquartered in Delhi/NCR, Delhi. It operates in 21 cities such as New Delhi, Panipat, Vadodara, Mumbai, Mathura. To explore all the office locations, visit Indian Oil Corporation locations.
How many employees does Indian Oil Corporation have in India?
Indian Oil Corporation currently has more than 30,000+ employees in India. Production, Manufacturing & Engineering department appears to have the highest employee count in Indian Oil Corporation based on the number of reviews submitted on AmbitionBox.
Does Indian Oil Corporation have good work-life balance?
Indian Oil Corporation has a work-life balance rating of 4.2 out of 5 based on 3,000+ employee reviews on AmbitionBox. 85% employees rated Indian Oil Corporation 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Indian Oil Corporation work-life balance reviews for more details
Is Indian Oil Corporation good for career growth?
Career growth at Indian Oil Corporation is rated fairly well, with a promotions and appraisal rating of 3.8. 85% employees rated Indian Oil Corporation 4 or above, while 15% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Indian Oil Corporation promotions/appraisals reviews for more detailed insights.
What are the pros of working in Indian Oil Corporation?
Working at Indian Oil Corporation offers several advantages that make it an appealing place for employees. The company is highly rated for company culture, job security and skill development, based on 3,000+ employee reviews on AmbitionBox.
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