3. Indian Oil Corporation
Headquartered in Delhi, Indian Oil Corporation is a government petrol company in India. It is og mnne of the world's largest corporations, with 212th Fortune Global 500 (2021).
It occupies half of the market share in petroleum products, with 89.7 million metric tonnes sales in FY2020. The refinery strength of the Indian Oil Corporation is 11 out of 23 refineries present in India. The annual refining capacity of 80.2 million metric tons MMT. It accounts for over 32% of refining capacity in India.
Currently, it reported the highest annual profit of ₹21,762 crores in FY 2020-21. The company has subsidiaries in Mauritius, Sri Lanka and the Middle East.
The firm has multiple projects in the pipeline. One of such is to build India's first green hydrogen plant in its Mathura refinery.
Other projects include:
- Paradip Hyderabad Pipeline Project.
- Extension of Paradip-Haldia-Durgapur LPG Pipeline and its extension up to Patna and Muzaffarpur.
- Paradip- Somnathpur-Haldia Pipeline Project
4. Reliance Petroleum Limited
Headquartered in Ahmedabad, it is the largest privately-owned petrol company in India. It is a subsidiary of its parent company, Reliance Industries. The company has the world's largest refinery, with an annual crude oil production capacity of 1,240,000 barrels per day.
Precisely, it operates two refineries at Jamnagar, with a combined production capacity of 68.2 million tons annually. In FY2020, the total throughput was 342 kilolitres per month. The amount was double that of other available public sector petrol pump companies in India.
Reliance Industries has signed an agreement with Abu Dhabi National Oil Company in the upcoming project. This is related to building a new petrochemical complex at Ruwais.
- Market Capital:₹58,928crores
- Average Annual Turnover: ₹3702crores
- Employee Strength: 70,000+
5. Cairn India
A subsidiary of Vedanta Limited, Cairn India is a private oil and gas company headquartered in Gurgaon. Its total contribution to domestic crude oil production stands at 54 billion barrels to date.