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Company Directory - Indian Oil Corporation Limited

Company Details - Indian Oil Corporation Limited

Indian Oil Corporation Limited Logo

Indian Oil Corporation Limited

Website

New Delhi, India

BSE: 500209, NSE: IOC 

Indian Oil Corporation Limited is India’s largest oil marketing company and a major player in the oil and gas industry. The company is engaged in the refining, pipeline transportation, and marketing of petroleum products, as well as in petrochemicals and alternative energy ventures.

CCI Score

CCI Score: Indian Oil Corporation Limited

-30.36

0.01%

Latest Event

Indian Oil Corporation: Corruption and Bribery Case in Kerala

A Deputy General Manager of Indian Oil Corporation was arrested in Kerala for allegedly accepting a Rs 2 lakh bribe and extorting additional funds, exposing deep flaws in the company’s ethical business practices.

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TOADIE

Indian Oil Corporation Limited is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • Indian Oil Corporation: Corruption and Bribery Case in Kerala Logo
    MAR
    16
    2025

    A Deputy General Manager of Indian Oil Corporation was arrested in Kerala for allegedly accepting a Rs 2 lakh bribe and extorting additional funds, exposing deep flaws in the company’s ethical business practices.

  • -60

    Business Practices and Ethical Responsibility

    March 23

    The incident, involving a senior staffer engaging in bribery and extortion, reflects poorly on Indian Oil Corporation’s adherence to ethical business practices. Such behavior undermines transparency and accountability within the company, reinforcing the need for stricter internal controls to prevent corruption.

    Senior staffer of Indian Oil Corporation caught red-handed in Kerala taking Rs 2 lakh bribe

  • Indian Oil Corporation Bribery Scandal Logo
    MAR
    16
    2025

    A Deputy General Manager of Indian Oil Corporation Limited was arrested in Kerala for accepting a bribe of Rs 2 lakh. This incident highlights serious concerns regarding unethical business practices and corruption within the company, which can erode public trust and undermine democratic institutions.

  • IOC Initiates Internal Probe into Bribery Allegations Logo
    DEC
    22
    2024

    Indian Oil Corporation Limited has initiated an internal fact‐finding review into allegations that a US speciality chemicals firm bribed officials to secure contracts. The investigation, which examines practices from 2009 to 2011, underscores IOC's commitment to governance and transparency while highlighting vulnerabilities in its political and business interactions.

  • +20

    Public and Political Behavior

    March 23

    The internal investigation by IOC, in response to bribery allegations, indicates an awareness of potential political manipulation and cronyism. Although the allegations reveal vulnerabilities in how political influence might be exerted, IOC's public commitment to transparency and compliance mitigates some of these risks.

    Indian Oil Corporation probes allegation of US firm bribing officials | Company News - Business Standard

  • +60

    Business Practices and Ethical Responsibility

    March 23

    By launching a proactive internal review into the corrupt practices allegedly used by a third-party consultant to secure business, Indian Oil Corporation demonstrates a commitment to ethical business practices and regulatory compliance. This initiative is important in countering corrupt practices that can indirectly support authoritarian systems.

    Indian Oil Corporation probes allegation of US firm bribing officials | Company News - Business Standard

  • Bribery Probe Initiated at Indian Oil Corporation Logo
    DEC
    22
    2024

    Indian Oil Corporation Limited has initiated an internal investigation after allegations emerged involving a US chemicals firm bribing officials via an intermediary to secure lucrative catalyst contracts. This probe raises questions about business ethics and transparency within the state-run enterprise.

  • -60

    Business Practices and Ethical Responsibility

    March 23

    The bribery allegations suggest a willingness to engage in unethical practices that compromise transparency and accountability. Although IOC asserts its commitment to high standards of governance, the fact that a US firm allegedly paid excessive commissions through an Indian intermediary to influence contract decisions casts doubt on the company’s business practices. Such actions can indirectly support authoritarian structures by undermining fair and transparent regulatory processes.

    Bribing charges | Indian Oil Corporation probes allegation of US firm bribing its officers

  • IOCL Implements Advanced Mobile Surveillance at Panipat Refinery Township Logo
    OCT
    21
    2024

    Indian Oil Corporation Limited (IOCL) recently partnered with CP PLUS to install advanced mobile surveillance systems on a portion of its bus fleet used for transporting employees at the Panipat Refinery Township. While the system is promoted for enhancing physical security and operational efficiency, there are concerns from an anti-fascist perspective that such technology could pave the way for increased mass surveillance and potential abuses of employee privacy, feeding into broader authoritarian practices.

  • -30

    Provision of Repressive Technologies

    March 23

    The deployment of advanced surveillance systems on IOCL’s bus fleet, while presented as a measure to enhance safety, also establishes a precedent for extensive monitoring in a public sector enterprise. From an anti-fascist standpoint, such technology can be construed as a 'provision of repressive technologies' that could ultimately enable unauthorized oversight of employees, undermining privacy and potentially contributing to structures of authoritarian control.

    Securing Mobility at Panipat Refinery Township - CP PLUS Provides Advanced Mobile Surveillance Solution to Indian Oil Corporation Ltd.

  • IOCL Contracts Surveillance System, Raising Repressive Technology Concerns Logo
    JAN
    26
    2024

    Indian Oil Corporation Limited (IOCL) awarded a contract to Transline Technologies for an advanced IP-based CCTV surveillance system in Telangana and Andhra Pradesh, a move that may bolster surveillance capabilities in the region and contribute to repressive state practices.

  • -30

    Technology and Services Impact

    March 23

    By awarding a contract for an advanced IP-based CCTV surveillance system that includes explosion-proof cameras with advanced analytics and robust networking components, IOCL is enabling technology that can be used for extensive monitoring and control. From an anti-fascist perspective, such surveillance systems are a concern as they may be repurposed for repressive state actions and authoritarian control. Although positioned as a security measure, this move raises questions about corporate accountability in the proliferation of surveillance technologies.

    Delhi-based Transline Technologies gets surveillance system contract from IOCL

  • IOCL Awards Tender for Explosion-Proof CCTV System Logo
    JAN
    25
    2024

    Indian Oil Corporation Limited has awarded a tender to Transline Technologies for an advanced IP-based CCTV surveillance system featuring explosion-proof cameras and integrated analytics. This move, while aimed at enhancing security across its operational locations, raises concerns from a left-leaning perspective about the potential use of repressive technologies to monitor and control dissent, echoing authoritarian practices.

  • -40

    Provision of Repressive Technologies

    March 23

    The tender awarded for an explosion-proof CCTV surveillance system suggests an expansion of repressive technology capabilities within IOCL's operational framework. Enhanced surveillance systems can be repurposed for monitoring employee behavior and suppressing dissent, contributing indirectly to an authoritarian model of control. The advanced nature of the technology combined with its wide deployment across strategic locations underscores concerns about reinforcing repressive state mechanisms.

    Indian Oil Corporation Awards Tender for Explosion-Proof CCTV Camera Surveillance to Transline Technologies Limited – The Daily Metro

  • Indian Oil Workers Protest Demands Improved Wage Policy Logo
    OCT
    15
    2020

    Contractual workers at Indian Oil Corporation staged a massive protest in Digboi on 15 October 2020, demanding an updated and improved wage policy following the expiration of the previous one. The protest highlighted significant worker dissatisfaction and concerns over inadequate labor policies, suggesting weaknesses in the company’s commitment to fair labor practices.

  • -50

    Labor Relations and Human Rights Practices

    March 23

    The protest by contractual workers underscores a failure by Indian Oil Corporation to update and implement a fair wage policy, reflecting poor labor relations and human rights practices. Such neglect can contribute to wider systemic issues and exploitation within the labor force, fueling discontent and social instability.

    India: Hundreds of Indian Oil Corporation workers stage massive protest urging for improved wage policy

Industries

324110
Petroleum Refineries
324121
Asphalt Paving Mixture and Block Manufacturing
324199
All Other Petroleum and Coal Products Manufacturing
424720
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
486110
Pipeline Transportation of Crude Oil
486210
Pipeline Transportation of Natural Gas