Question

OIL belongs to the ------------------sector industry.

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Answer 1

Answer:

Public sector industry

Answer 2

Answer:

Indian Oil Corporation Limited (IOCL), d/b/a IndianOil is an Indian public sector oil and gas company headquartered in New Delhi.[4] It is the largest commercial oil company in the country, with a net profit of ₹19,106 crore (US$2.848 billion) for the financial the year 2016–17.[5] It is ranked 1st in Fortune India 500 list for year 2016[6] and 117th in Fortune Global 500 list of world's largest companies in the year 2019.[7] As of 31 March 2017 IndianOil's employee strength is 33,135, out of which 16,545 are in the officer cadre.[8] It is India's largest downstream oil company, with a workforce of more than 33,000 employees, a turnover of ₹5,06,428 crore and a net profit of ₹21,346 crore in 2017–18.[9]

Indian Oil Corporation Limited

Indian Oil's Logo

The Energy of India

Type

Public Sector Undertaking

Traded as

BSE: 530965

NSE: IOC

NSE NIFTY 50 Constituent

ISIN

INE242A01010

Industry

Oil and Gas

Predecessor

Indian Refineries Ltd. (1958)

Indian Oil Company (1959)

Founded

30 June 1959; 61 years ago

Headquarters

New Delhi (headquarters)

Mumbai (registered office)

Area served

India, Sri Lanka, Middle East, Mauritius

Key people

Shrikant Madhav Vaidya (Chairman)[1]

Products

Petroleum

Natural gas

Petrochemicals

Revenue

Decrease ₹487,152 crore (US$68 billion) (2020)[2]

Operating income

Decrease ₹−1,964 crore (US$−280 million) (2020)[2]

Net income

Decrease ₹−3,242 crore (US$−450 million) (2020)[2]

Total assets

Decrease ₹329,736 crore (US$46 billion) (2020)[2]

Total equity

Decrease ₹86,216 crore (US$12 billion) (2020)[2]

Owner

Government of India (52.1%)[3]

Number of employees

33,498 (2020)[2]

Subsidiaries

IndianOil (Mauritius) Ltd.

CPCL

Lanka IOC PLC

IOC Middle East FZE

Indane (LPG)

IndianOil's business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals.[10]

IndianOil has ventured into alternative energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),[11] Mauritius (IndianOil (Mauritius) Ltd)[12] and the Middle East (IOC Middle East FZE).

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