BRIEF SUMMARY of the PROJECT 1 Indian Oil Corporation Ltd
BRIEF SUMMARY OF THE PROJECT Indian Oil Corporation Ltd. (Indian Oil) is India's largest public corporation in terms of revenue and is one of the five Maharatna status companies of India, apart from Coal India Limited, NTPC Limited, Oil and Natural Gas Corporation and Steel Authority of India Limited. It is the highest ranked Indian company and the world's 119th largest public corporation in the prestigious Fortune 'Global 500' listing in the year 2015. Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in 1964 with the merger of Indian Refineries Ltd. (Estd. 1958). Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity. The Indian Oil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tons per annum). There are nine refineries located at Guwahati, Digboi, Barauni, Gujarat, Haldia, Mathura, Panipat, Bongaigaon and Paradeep these also include refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL). The Corporation's cross-country pipelines network, for transportation of crude oil to refineries and finished products to high-demand centers, spans over 11,220 km. With a throughout capacity of 80.49 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. This is First phase Petroleum product storage capacity enhancement project at existing Jaipur petroleum terminal at Mohanpura, Jaipur of Indian Oil Corporation Ltd.
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