Volume-7, Number - 1  
Month: January - June, 2011
Impact of Regional Dominance of Employees on Selection Procedure at IOCL Mathura Refinery

Dharmendra Kumar
Rajiv Academy for Technology & Managament
Page No. 103

Purpose/Aim: India's flagship public sector oil company and downstream petroleum major, Indian Oil Corporation Limited (IOCL) celebrated its Golden Jubilee in 2009. It is India's largest commercial enterprise, with a sales turnover of Rs. 2,85,337 crore; the highest-ever for an Indian company, and a net profit of Rs. 2,950 crore for the year 2008-09.

Methodology/Approach :India Oil is also the highest ranked Indian Company in the prestigious Fortune 'Global 500' listing, grabbing 125th position in 2010.

Findings/Conclusion: Incorporated as Indian Oil Company Ltd. on 30th June, 1959, it was renamed as Indian Oil Corporation Ltd. on 1st September, 1964 following the merger of Indian Refineries Ltd. (established in 1958) with it.

Keywords: Indian Oil and its subsidiaries account for approximately 48% petroleum products market share, 34% national refining capacity and 71% downstream sector pipelines capacity in India.