NCERT Book Class 12 Business Studies Chapter 4 Planning

Planning
4
CHAPTER
Indian Oil Company Limited (IOCL) - Plans to
Energize with sustainability L E A R N I N G
Indian Oil is India’s largest commercial organisation. It is top
ranked Indian company in the latest Fortune ‘Global 500’
OBJECTIVES
listings (2017). Indian Oil’s vision is driven by a group of After studying this
dynamic leaders who have made it a name to reckon with.
With over 34,000 strong work force, a Maharatna Company, chapter, you will be
Indian Oil has been helping to meet India’s energy demands able to:
and reaching petroleum products to every part of India for
over five decades. It plans to increase its business operations n State the meaning
all around the world. The company plans to invest ` 20,000 of planning;
crore in 2017-18 acquisitions and plans to expand overseas.
The company always believed to be ahead of the demand. Last n Describe the
year too, IOC had invested close to ` 20,000 crore, including features and
around ` 16,000 crore in various Indian projects and on importance of
acquisition for upstream in Russia.
It is noteworthy, between 2012-17, IOCL ended up investing
planning;
around ` 75,000 crore against the targeted planned investment n Explain the
of around ` 56,200 crore. All investments have been in refinery
expansion, upgradation of quality of refineries, building new
limitations of
pipelines, getting more aggressive in petrochemical projects, planning;
setting up new natural gas facilities etc. IOC is also looking at the
n Analyse the steps
overseas market. Recently it was decided to open an office in
Bangladesh apart from talking to the Government of Bangladesh in the planning
on many accounts, especially regarding LPG and natural gas process; and
where it is trying to take a linkage from IOC pipeline going
up from Damra project and West Bengal border before finally n Identity the
connecting to the Bangladesh network. For Nepal, IOC plans different types of
to build a pipeline between Motihari terminal of IOCL, which is plans.
currently coming up, and their own facilities inside Nepal. The
company has already signed a memorandum of understanding
(MoU) with Bhutan and looking at newly opening markets such
as Myanmar.
The company always feels that they have to keep their eyes
open for new acquisitions. The company has got good reserves
and were able to generate funds through internal accruals. But

Rationalised 2023-24

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