Indian Oil Corporation Limited (IndianOil) (NSE: IOC) is one of India’s largest commercial enterprises and the country’s flagship integrated and diversified energy major. The Company’s philosophy is embedded in the principles of strong customer connect, quality consciousness and transparency, where energy is tapped responsibly and delivered to the consumers most affordably. IndianOil is listed among the world’s largest corporates in Fortune’s prestigious ‘Global 500’ listing, and is also ranked among the top 10 strongest brands of India in 2019 by Brand Finance, UK. Guided by the corporate vision to establish itself as ‘a globally admired company’ and energised by a committed team of 32,998 high-calibre people, IndianOil’s business interests encompass the entire hydrocarbon value chain – from exploration & production (E&P) of oil & gas, refining, pipeline transportation and marketing to natural gas, petrochemicals, alternative energy sources and globalisation of downstream operations. IndianOil accounts for the largest market share of India’s petroleum products consumption, with domestic sales of 78.54 million metric tonnes (MMT) in 2019-20. In addition, the Company achieved sales of 4.72 MMT in natural gas and 2.08 MMT in petrochemicals. The Company’s refineries achieved a combined throughput of 69.42 MMT in 2019-20, exceeding their total installed capacity. Its retail network expanded to 29,085 fuel stations (including 8,515 Kisan Seva Kendra outlets in rural areas) and 755 CNG-dispensing stations. Its cross-country pipelines network posted a throughput of 85.35 MMT of crude oil and petroleum products during the year. The Company’s share of production from its eight producing E&P assets in 2019-20 was 4.257 million tonnes of oil equivalent (mtoe). Indian Oil Company Ltd, was set up as a government owned enterprise, formed on 30 June, 1959, and was entrusted with the task of supplying petroleum products to government organisations all over the country by establishing adequate storage and distribution facilities, and undertaking imports, as required.