Company Directory - Indian Oil Corporation Limited
Company Details - Indian Oil Corporation Limited
Indian Oil Corporation Limited
WebsiteNew Delhi, India
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.
Latest Events
- MAR162025
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
- MAR162025
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.
- DEC222024
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.
+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.
- DEC222024
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
- OCT212024
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.
- JAN262024
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
- JAN252024
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.
- OCT152020
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.
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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