Indian Oil Corporation Limited (IOCL) is the biggest oil refining and promoting organization in India. Aside from the 61.7 MMTPA (million tons for each annum) of existing refining limit inside the Indian Oil bunch, another refinery at Paradip, Orissa is concocting a limit of 15 MMTPA.

The organization likewise works more than 10,541 kilometers of unrefined petroleum and item pipelines. It likewise has a retail system of more than 18,643 outlets. Its gathering organizations incorporate Chennai Petroleum Corporation Limited, IndianOil (Mauritius) Ltd, Lanka IOC PLC, IOC Middle East FZE, IndianOil Technologies Ltd and IndianOil - CREDA Biofuels Limited.

Bharat Petroleum Corporation Limited (BPCL) is the second biggest oil refining and showcasing organization in India. It had a piece of the pie of 23% among people in general segment oil organizations in FY09 with 19.5 MMTPA (million tons for each annum) of introduced refining limit.

The organization has a system of 8,402 retail outlets, 2,117 LPG merchants and 27 m LPG clients. Its auxiliary, Numaligarh Refinery has a limit of 3 MMTPA. The organization's completely claimed backup Bharat PetroResources takes part in investigation and creation, with taking part enthusiasm for the range between East Timor and Australia.

BPCL additionally has a stake in Petronet CCK (49%), Petronet LNG (12.5%), Indraprastha Gas (22.5%), Central UP Gas (22.5%), Maharashtra Natural Gas (22.5%) and Sabarmati Gas (25%).

Current Valuations
IOC BPCL IOC/BPCL

P/E (TTM) x 11.0 12.0 91.4%

P/BV x 2.3 3.4 66.4%

Dividend Yield % 3.9 4.7 84.3%

Share Holding
IOC BPCL IOC/BPCL

Indian Promoters % 68.6 54.9 125.0%

Foreign collaborators % 0.0 0.0 -

Indian inst/Mut Fund % 4.6 15.9 28.9%

FIIs % 2.4 12.2 19.7%

ADR/GDR % 0.0 0.0 -

Free float % 24.4 16.9 144.4%

Shareholders 179,744 87,110 206.3%

Pledged promoter(s) holding % 0.0 0.0 -