Indian Oil Corporation Limited (IOCL) is an Indian state owned oil and gas company headquartered in New Delhi.

Furnace oil is a Dark, viscous residual fuel oil which is obtained by blending residual products from various refining processes with suitable diluent usually middle distillates to obtain the required fuel oil grades. These fuel oil grades are similar in nature and have been marketed under different specifications in various countries.

Furnace Oil



Company profile:

Type Public limited company

Traded as BSE: 530965

NSE: IOC

Industry Oil and gas

Predecessor Indian Refineries Ltd. (1958)

Indian Oil Company (1959)

Founded 1964; 53 years ago in New Delhi

Headquarters New Delhi, India

(Corporate Office)

IndianOil Bhavan, New Delhi, India

(Registered office)

Area served India, Sri Lanka, Middle East, Mauritius

Key people Sanjiv Singh (Chairman)

Products Petroleum, natural gas, and other petrochemicals

Revenue 364,081.74 crore (US$57 billion) (2017)

Operating income 26,321.24 crore (US$4.1 billion) (2017)

Net income 19,106.4 crore (US$3.0 billion) (2017)

Total assets 150,113.52 crore (US$23 billion) (2017)

Number of employees 33,135 (2017)

Subsidiaries IndianOil (Mauritius) Ltd.

Lanka IOC PLC

IOC Middle East FZE