The Work Index by Flexa

Indian Oil Corp Limited

Indian Oil Corporation Limited is India's largest commercial enterprise and a leading integrated energy company.

https://www.iocl.com/
4.7

/10

Transparency ranking

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Description

Indian Oil Corporation Limited (IndianOil) is India's largest oil and gas company and a leading Fortune Global 500 company. Its operations span across the entire hydrocarbon value chain, from exploration and production to refining, transportation, and marketing. IndianOil is the dominant player in India's petroleum sector, with a market share of around 42% in petroleum products. It has a wide distribution network, encompassing over 60,000 customer touch points, including retail outlets, LPG distributors, and terminals across the country.

IndianOil is committed to sustainable development and is actively working to reduce its environmental impact. The company has a robust safety, health, and environmental management system in place and is investing heavily in renewable energy, biofuels, and green hydrogen. Its vision is to be the "Energy of India" and to play a national role in oil security and public distribution while fostering a strong environment conscience.

Flexibility

Indian Oil Corp Limited offers a range of flexible work options for employees, including remote work and flexible hours. While the specific details are not mentioned in the provided job postings, the company website emphasizes the importance of work-life balance and employee well-being.

Benefits

Indian Oil Corp Limited offers a comprehensive benefits package to its employees, including competitive salaries, a strong retirement plan, healthcare benefits, and life insurance. The company also provides housing and travel allowances, as well as opportunities for professional development and training. Additionally, Indian Oil Corp Limited offers a range of social welfare programs, including educational scholarships for children of employees and assistance for employees in need.

Mission

Indian Oil Corp Limited is a diversified and integrated energy major with a mission to serve national interests in the oil and related sectors, while ensuring smooth and continuous petroleum product supplies through refining, transportation, and marketing. They aim to enhance India's self-sufficiency in crude oil refining and pipeline development, while also fostering a strong research and development base to minimize reliance on imports. The company is committed to optimizing refining capacity, maximizing distillate yield, minimizing fuel consumption and hydrocarbon loss, and achieving a reasonable rate of return on investment. Indian Oil Corp Limited is dedicated to providing efficient service and quality products at competitive prices while caring for its employees, the community, and the environment.

Environmental impact driven
Science and research driven
Sports and fitness
Sustainability

Culture

Indian Oil Corp Limited promotes a culture that emphasizes a strong sense of national duty ("Nation-First") coupled with core values of care, innovation, passion, and trust. They strive to foster a family atmosphere where employees are encouraged to embrace diversity, lead with empathy, and contribute to a "One Trillion Dollar Giant" vision by 2047. The company emphasizes continuous learning and development, celebrating employee achievements and fostering a commitment to excellence.

DE&I

Indian Oil Corp Limited emphasizes diversity, equity, and inclusion through its commitment to fostering a workplace that values diverse perspectives and backgrounds. This is demonstrated through initiatives like its "Project Sattva," which involved over 20,000 employees in revitalizing its core values and identifying what makes IndianOil unique. The company has also introduced "Nation-First" as its fifth core value, reflecting a commitment to serving the nation and its people. These initiatives aim to create an inclusive environment where every IOCian feels valued and empowered to contribute to the company's success.

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