Indian Oil Corporation Ltd. (IndianOil) is a
Maharatna Company and the nation's largest
commercial enterprise. Ranked at 98, it is also the highest
ranked Fortune 'Global 500' company.
During the year 2011-12, IndianOil maintained its
leadership position in the industry on the basis of
superlative performance on all operational indices. The
overall sale of petroleum products grew by 5% over the
previous year. Capacity utilization of 102.6% was achieved.
The overall capacity utilization was 100% for the fifth
year in a row, while pipelines throughput of crude oil &
petroleum products grew by 10.2%. The year also witnessed
the successful commissioning of some of the
Corporation's ambitious projects such as Delayed Coker
Unit at Gujarat Refinery, Diesel Hydro Treatment unit at
Bongaigaon Refinery and Sulphur unit at Mathura
Refinery.
Core Performance
Marketing
IndianOil continued to maintain its dominance in the
market, clocking the highest ever level of sales at 70.1
million tonnes in the domestic market during the year
2011-12, recording a volume growth of 5% over the previous
year. IndianOil remained the market leader, with an overall
share of 49.7% in the industry.
Our retail outlets network have now crossed the 20,000 mark
with the commissioning of 1205 more ROs during the year,
out of which 708 were Kisan Seva Kendras. Rural
market penetration continues to be a prime focus for the
Corporation. IndianOil has reached out to more rural
customers with the commissioning of over 377 Rajiv
Gandhi Gramin LPG Vitrak distributorships during the
year and also 50 Gramin SERVO stockists were
commissioned to give fillip to the sales of lubricants in
the rural markets.
LPG bottling capacity was augmented by 674 TMTPA and the
net addition to the LPG connections during the year was 50
lakhs, raising the Indane customer strength to 668 lakh.
Over 7000 connections, with access subsidization, were
released to Below Poverty Line Families. IndianOil has also
commenced Aadhaar based LPG pilot on industry basis in
Mysore.
BS-IV compliant auto fuels were rolled to additional seven
cities in 2011-12, taking the tally to twenty cities, pan
India. SERVO has been launched in Bahrain. The
brand now has a presence in over twenty countries
worldwide.
Refineries
During the year, IndianOil refineries recorded the highest
ever crude processing of 55.6 MMT, surpassing the previous
best of 53 MMT achieved last year. Recording an overall
capacity utilization of 102.6%, our Refineries have
achieved over 100% capacity utilization for the fifth year
in a row despite planned M&I shut downs. Highest ever
combined distillate yield of all the IndianOil Refineries
is recorded 77.8 wt% which is the highest, surpassing the
previous best of 75.4 wt% last year. Panipat, Gujarat and
Haldia Refineries recorded the highest ever distillate
yield of 82.3 wt%, 77.8% and 66.5% surpassing previous best
of 81.2wt% (2009-10), 72.4% (1998-99) and 64.4 %
(2010-11).
Energy conservation schemes implemented during the year saw
overall specific energy consumption come down to the lowest
ever level of 57 MBTU/BBL/NRGF (MBN) during the year
against 59 MBN in 2010-2011.
Major facilities commissioned during the year include
Delayed Coker Unit at Gujarat Refinery, Diesel Hydro
Treatment (DHDT) unit and MS Quality upgradation at
Bongaigaon Refinery and Sulphur Recovery Unit at Mathura
Refinery.
Pipelines
During the year, IndianOil's Pipelines recorded
excellent operational performance with over 10.2% growth in
throughput of crude and petroleum products at 75.5 MMT. The
total pipelines length now spans across approximately
10,909 kms.
Crude oil pipelines and product pipelines achieved
throughputs of 47.58 MMT and 27.95 MMT respectively,
surpassing the MoU target by 8.2%. Capacity utilization of
crude oil pipelines was the highest ever at 117.8%.
Rajasthan crude was introduced for the first time in
IndianOil pipelines.
Projects
IndianOil is currently implementing major projects worth
Rs. 46, 000 crore viz. Paradip Grassroots Refinery Project
(15 MMT), capacity revamp of FCCU at Mathura, Butadiene
Extraction Unit at Panipat, the Styrene Butadiene Rubber
plant at Panipat, Paradip- Raipur- Ranchi Pipeline,
De-bottlenecking of Salaya-Mathura Pipeline,
Paradip-Haldia-Durgapur LPG Pipeline and many more.
Research & Development
The R&D Centre of IndianOil continued to add value to
different facets of the Company's activities. 154
product formulations were developed during the year. The
Centre also received 63 original equipment/customer/defence
approvals and re-certifications. 15 patents were filed
during the year which included 13 Indian patents, one in
USA and one in others. Six patents were granted during the
year. Two indegeniously developed synthetic aviation
lubricants were granted provisional clearance by Center for
Military Airworthiness and Certification (CEMILAC).
The R&D Centre along with EIL, licensed and commercialized
a grass-root 1.2 MMTPA DHDT (Diesel Hydrotreating) unit to
Bongaigaon Refinery for producing diesel meeting the Bharat
Stage -IV specifications. The unit was commissioned,
stabilized and is presently running successfully.
IndianOil's R&D jointly with EIL provided technical
know-how for Retrofitting existing Xylene Isomerization
Unit of Bongaigaon Refinery to Light Naptha Isomerization
Unit (0.154 MMTPA) for producing Euro-III and Euro- IV
MS.
IndianOil's R&D Centre has also signed an MoU with the
Department of Bio- Technology (DBT) for the setting up an
Advanced Bio- Energy Research Centre to carry out research
in second and third generation bio-fuels. IndianOil, BHEL &
IIT-Rajasthan signed a tripartite Memorandum of
Collaboration (MoC) to undertake solar energy research
especially in the solar thermal and solar hydrogen areas (5
MW PV).
New Businesses
Besides consolidation in core areas, IndianOil took big
strides in new businesses during the year 2011-12.
Integration Initiatives
Exploration & Production (E&P)
IndianOil has 14 domestic blocks, including two Type-S
blocks awarded to IndianOil in NELP-VII round where it is
the operator. It also has nine oversees assets in six
countries. The Corporation has 3.5% participating interest
in the Carbobo development project in Venezuela. The
production target of the project is 30,000 bpd in the first
year. IndianOil has a share of up to 105 million barrels
and the projected recoverable reserve is about 3 billion
barrels.
Petrochemicals
During the year 2011-12, the sale of PROPEL
petrochemicals grew by 66% over last year and clocked the
highest ever level at 1.55 million tonnes. The highest ever
total petrochemical exports was recorded at 70 TMT in 20
markets.
The Polymer export to Pakistan via road was 16 MT of PP
Raffia was sent from Panipat via Wagah border.
27 Polymer grades were stabilized in the market during the
year that included four new High performance Polymer grades
and three import substitution grades for large blow
moldings.
Diversification Initiatives
Gas
Gas sales grew by an impressive 27% to 2.93 million tones,
during the year. IndianOil and TamilNadu Industrial
Development Corporation Limited (TIDCO) recently signed the
Heads of Agreement for the setting up of LNG
regassification terminal at Ennore. The terminal will have
a proposed capacity of 5 MMTPA.
The Corporation has also signed a MoU with The Dhamra Port
Company Limited (DPCL) to undertake a techno-feasibility
study for setting up a LNG terminal at Dhamra Port.
Beyond Business
As a responsible corporate citizen, IndianOil spends upto
2% of its retained profit of the previous year on CSR
activities through a multi-faceted approach. In the past
four decades, IndianOil has supported innumerable social
and community initiatives in India ranging from
environmental and health-care projects to social, cultural
and educational programmes. As part of the
Corporation's Social Responsibility (CSR) programme,
there is an IndianOil Scholarship scheme, which provides
scholarships to 2600 bright students selected on
'merit-cum-means' basis.. The amount of
scholarships given to students pursuing professional
courses has also been increased. For promotion of sports
and games, IndianOil provides sports scholarships to 150
upcoming junior players.
IndianOil launched its Rural Mobile HealthCare scheme,
Sachal Swasthya Sewa, in association with Wockhardt
Foundation in Andhra Pradesh and Uttar Pradesh. The health
scheme is centered around Kisan Sewa Kendra and aims to
provide free primary healthcare to residents.
IndianOil Care Centre has also committed Rs. 66 crores to
TATA Medical Centre at Kolkata.
Snapshot of Physical Performance ( 2011-12) -
a) Marketing -
Domestic Sales - 70.1 MMT (growth by 5%)
No. of new ROs commissioned - 1205 including 708 KSKs,
taking the tally to 20, 575 ROs and 4225 KSKs
Net addition to LPG connections - 50 lakh (total no. of
Indane customers: 668 lakh)
Indane Distributorships under RGGLVY - 377
b) Refineries -
Group Capacity - 65.7 MMTPA
Crude Throughput - 55.6 MMT (5% jump)
Distillate yield - 77.8%
Specific Energy Consumption - 57 MBN
c) Pipelines -
Total Length - 10,909 km
Capacity - 75.76 MMTPA (+ 10 MMSCMD for R-LNG Pipeline)
Throughput - 75.5 million tonnes (Products = 27.95 MMT and
Crude Oil = 47.58 MMT)
d) R&D -
New patents in the year - 6
Active Patents - 215
Total no. of formulations developed - 154
e) Petrochemicals -
Sales - 1.55 million tonnes (66% growth)
f) Gas -
Sales - 2.93 million tonnes (27% jump)
g) E&P - No. of blocks -
Domestic - 14
Overseas - 9
Snapshot of Marketing Infrastructure -
With 37005 touch points, IndianOil owns 52% of the
country's marketing infrastructure.
- LPG Bottling Plants - 89 (48.9%)
- Petrol / Diesel Outlets - 20575 (45.6%) including 4225 KSKs
- LPG Distributorships - 5934 (51.6%)
- Aviation Fuel Stations - 96 (50.5%)
- SKO/LDO Distributorships - 3954 (59.9%)
- Terminals / Depots - 139 (41.6%)
- Bulk Consumer Pumps - 6218 (86%)
Capital Plan Expenditure -
- Planned expenditure during XI plan - Rs. 45,430.3 crore
- Actual expenditure during XI plan - Rs. 48655 crore
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