1959 - 
 
 The Company was incorporated on 30th June, under the name and style
 of
 the Indian Oil Company, Ltd.  With a view to coordinating the
 activities of the Indian Refineries, Ltd., and Indian Oil Company,
 Ltd., the two were amalgamated on 1st September, 1964, to form a new
 corporation, the Indian Oil Corporation Ltd.
 
 1960 - 
 
 Indian Refineries, Ltd., was merged with the Company.  The capital
 after amalgamation was Rs 34,97,25,000.  Later 92,897 shares
 subscribed
 for by Government.
 
 1961 - 
 
 Shares subscribed for by Government; 1961 - 5,500; 1962 - 19,450;
 1961
 - 4,550; 1964 - 18,000.
 
 1962 - 
 
 In November, the Corporation signed an agreement with Mobil
 Petroleum
 Co., Ltd., New York, for setting up of two blending plants in
 Calcutta
 and Mumbai.
 
 1963 - 
 
 On 25th March, a new Company was floated under the name and style of
 Indian Oil Blending Ltd., to undertake the erection.  The new
 Company
 was floated as a joint venture of Mobil and the IOC on 50:50 basis. 
 
 1965 - 
 
 The Corporation entered the field of LPG for domestic cooking and
 distribution started under the name `Indane' in selected cities of
 the
 Eastern region.
 
 1966 - 
 
 2,10,300 No. of shares subscribed for by Government.
 
 1967 - 
 
 17,700 No. of shares subscribed for by Government.
 
 1968 - 
 
 As part of the Gujarat Refinery, an Ubex plant in collaboration with
 Nuvo Pigeons S.P.A., Italy, for extracting benzene, toluene, etc. as
 basic raw materials for the petro-chemical industries was
 commissioned.
 
 41,150 No. of shares subscribed for by Government.
 
 1969 -
 
 A wholly owned subsidiary of the Corporation was registered on 24th
 October, under the name and style of the Indian Oil International,
 Ltd., for the sale of the Corporation's POL products within the
 territory of Nepal.
 
 1972 - 
 
 Government gave its decision to set up a refinery at Mathura (U.P).
 in
 collaboration with USSR.  In terms of the collaboration, a contract
 was
 entered into with Neftechimprom export for project report, technical
 assistance, supply of materials etc.
 
 1974 - 
 
 The agreement of the Corporation with Mobil Petroleum Co. Inc.  was
 terminated on 19th July, and the 4,000 equity shares of Mobil group
 in
 the Indian Oil Blending Ltd. were purchased for the IOC.  Consequent
 upon this the IOBL became a wholly owned subsidiary of the
 Corporation.
 
 The Corporation undertook to set up a 2.5 million tonnes refinery at
 Haldia in Collaboration with TECHNIP/ENSA of France and Industrial
 Export of Rumania.
 
 1976 - 
 
 1,10,000 No. of shares issued to the President of India.
 
 1977 - 
 
 Government approved the feasibility report on secondary process
 facilities.  The project sanctioned at a cost of Rs 40.11 crores was
 designed for increasing the production of the lighter and middle
 distillates.
 
 1979 - 
 
 The Corporation undertook to set up facilities to produce 15,000
 tonnes
 per year of bright stock (LVI) to substitute for the import of
 cylinder
 oil.  The project was completed during 1983-84.
 
 1981 - 
 
 4,10,886 Bonus shares issued in the prop. 1:2.
 
 1982 - 
 
 The project for conversion of MSHE/residue into more valuable
 products
 like LPG, motor spirit, HSD, LDO, etc. was completed.
 
 1984 - 
 
 The Company was set up with the primary objective of acting as
 trustees
 of the two provident funds of the employees of the erstwhile Assam
 Oil
 Company, Ltd. and Oil India, Ltd.  Consequent upon the vesting of
 the
 trust fund in the respective successor companies, Indian Oil
 Corporation, Ltd. and Oil India, Ltd., the primary purpose for which
 this Company was set up no longer remained.  It was dissolved during
 the year.
 
 1985 - 
 
 To ensure maintenance of high quality control standards by LPG
 equipment manufacturers it was proposed to set up a centralised
 quality
 assurance laboratory.
 
 1986 - 
 
 With the conversion of 3,27,000 customers from `F' type to the safer
 `Pin' type `seld closing' equipment, all domestic customers were
 using
 the new equipment.
 
 Two new Aviation Fuel Stations (AFS) were commissioned at Indira
 Gandhi
 International Airport, New Delhi and Imphal (Manipur).  This
 increase
 the number of AFS to 77.
 
 1987 - 
 
 The Corporation commissioned 2 new aviation fuel stations at
 Jaisalmer
 and Utterlai in Rajasthan.  It was proposed to extend the hydrant
 refueling system at Sahar International Airport, Mumbai (Sahar Phase
 III) and put up a modern hydrant refueling system at Goa and
 Arkonam.
 
 1988 - 
 
 The Corporation added 8 new bottling plants at Delhi (Tikrikalan),
 Karnal.  Haldwani, Ajmer, Bhopal, Jamshedpur, Balasore and Parwanoo
 (Baddi).  With this, the bottling capacity of the Corporation at its
 25
 plants bottling capacity of the Corporation at its 25 plants went up
 by
 2,49,000 tonnes per annum representing a 36% increase over the
 previous
 year's capacity of 6,98,500 tonnes.
 
 The Corporation added 5 more international airlines into its fold;
 increasing the number of airlines served to 29.  The Corporation
 concluded during the year a long term agreement with the Ministry of
 Defense for supply of aviation fuels for a period of 20 years.
 
 1989 - 
 
 A new grease plant was commissioned at Vashi in New Mumbai at a cost
 of
 Rs 10 crores, increasing the greases manufacturing capacity by 3,800
 tonnes.
 
 1990 - 
 
 One crude oil tank was commissioned after desludging and
 degasification.  Instrumented Pig Survey (IPS) in
 Haldia-Mourigram-Rajbandh and Haldia Barauni Pipeline was
 undertaken.
 Replacement cycle time of marine hoses was extended from 39 months
 to
 42 months resulting in longer hose-life and reduction in inventory
 carrying cost.
 
 1991 - 
 
 The Corporation commissioned, 2 new bottling plants at Calicut in
 Kerala and at Silchar in Assam.  With this, the bottling capacity at
 its 29 plants increased from 10,04,000 tonnes in 1990-91 to
 10,26,000
 TPA.
 
 1992 - 
 
 The Indane customers are served through a network of 2,206
 distributors
 (2,132) spread over 1,133 towns (1087 in 1992-93).
 
 The total capacity at the 29 bottling plants was enhanced to
 10,38,000
 TPA.
 
 Two small-Can filing/mini blending plants were also commissioned at
 Todipalli in AP and at Khapri in Maharashtra each having a capacity
 of
 56,000 tonnes.  14 new products were developed, of which 5 products
 alone would lead to savings in foreign exchange to the tuns of Rs
 1.75
 crores per annum.
 
 The Unit developed 82 lubricant formulations including fuel saving
 and
 energy conserving automotive engine oils, synthetic heat transfer
 oil,
 high performance high temperature greases: two-stroke engine oil
 with
 lower oil to fuel ratio, various national and international
 approvals
 obtained for 31 products, development of a novel chemistry grease
 G-92
 based on a new thickener and a development of a fuel efficient
 hurricane lantern meeting BIS specifications, that saves upto 20%
 kerosene.
 
 1993 - 
 
 For users convenience, second cylinders were released to about
 9,40,000
 customers.
 
 A new concept of Computer Remote Operational Automatic LPG Filling
 System (RALFS) was developed and commissioned at the Calcutta
 bottling
 plant resulting in substantial increase in productivity.  6 new
 bottling plants were commissioned at Delhi, Amhedabad, Belgaum,
 Trichy,
 Farrukhadia and Guwahati.
 
 Penpreral hydrant refueling systems were promoted at Udaipur, Kulu,
 Baroda, Imphal & Along.
 
 3850 km. popeline network of the corporation transported a second
 24.1
 million tonnes of crude oil and petroleum products during the year.
 Six new products were launched of which 3 were energy consuming,
 environment friendly lubricants while two were adopted as genuine
 oils
 for Maruti & Kenetic Honda vehicles.  Two new depots at Bharatpur &
 Sagar and on bulk technical at humding were commissioned.
 
 The R&D developed the following: (i) 80 lubricant formulations and
 nature and international approvals for 27 products such as Servo
 marin
 by Diesel Recherch Italy New Sulzer Diesel, Winterthur, Synthetic
 greases for use in aircraft etc.; (ii) A two-phase model to
 stimulate
 FCC stripper operation resulting in 5% Throughput increase; (iii) A
 kinetic model for hydrocracking for predicting product yield,
 quality
 etc.; (iv) A new design for railway signal lamp for use with 18 mm
 smoke point kerosene etc.
 
 1994 - 
 
 Equity shares subdivided.  410,88,600 bonus shares issued in 1994.
 2054,43,000 shares allotted to President of India.
 
 The Research and Development Centre of the Company earned ISO-9001
 Certification.
 
 1995 - 
 
 With the addition of two new LPG bottling plants at Belgaum and
 Delhi,
 the 35 LPG bottling plants have capacity to bottle 13.29 lakh tonnes
 LPG per annum.
 
 Digboi refinery of the division achieved a capacity utilisation of
 112%
 by processing 0.559 MMT of crude oil.
 
 To keep pace with international developments in lubricants
 technology
 and the market demands, 28 new products were developed in various
 categories for a wide range of customers like railways diesel
 generating sets, boat users etc. and 35 Servo lube distributors were
 commissioned.
 
 The Corporation has entered into a collaboration with Tata
 Chemicals,
 Ltd. for setting up a 6 million tonnes grassroots refinery at
 village
 Baholl in Karnal district of Haryana.  The ultimate equity
 participation in the Joint Venture Company will be IOC-26%.  Tata
 Chemicals Ltd. 
 
 16% and the balance 48% to be issued to the public including NRI. 
 The
 joint venture company will be incorporated as Tata Indian Oil
 Refineries Limited.
 
 1996 -
 
 SERVO entered Nepal, UAE, Sri Lanka and the markets in W. Asia. 
 Twenty
 new products were developed in various categories like automotive,
 power, steel etc.  During the year 26 servo lube distributors were
 commissioned.
 
 IOC has formed two joint venture companies - Indian Oil tanking Ltd
 and
 Petronet India Ltd.
 
 1997 - 
 
 The total number of bottling plants improved to 43 and the
 corporation's capacity was enhanced to 16.53 lakh tonnes per annum.
 
 The Corporation handled 475 product import tankers and 84 product
 export tankers besides 278 crude oil tankers and 76 LPG shipments.
 
 19,540,000 Shares allotted to the employees of the Company in
 1995-96.
 
 The R&D earned the coveted ISO-14001 accreditation for its
 environmental management system.  The Centre was selected as the
 headquarters of the Indian Chapter of the National Lubricating
 Grease
 Institute, USA.  The centre made a breakthrough in the development
 of
 marine engine technology and low oil-fuel ratio two-stroke engine
 oil.
 
 Indian Oil commissioned a Jubilee outlet in Ongole, Andhra Pradesh,
 which was followed by 27 more such outlets.
 
 1998 - 
 
 The company entered into an MOU with Premier Oil Pacific Ltd. UK and
 petronas Carigali, malaysia to participate in the NELP bids invited
 by
 the Government of India.  During the year the company entered into
 another agreement with Madras refineries Ltd (MRL) for cooperation
 in
 downstream hydro carbon sector business including expansion of MRL's
 cauvery-basin refinery at Nagapattinam as a joint venture.
 
 A joint collaboration agreement was entered into between the
 corporation and the Indian Institute Petroleum and Gas Authority of
 India Ltd and Amco India Development Company USA to manufacture and
 market DME in India.
 
 A joint venture company, Indian Oil Petronas Pvt. Ltd was
 incorporated
 with equal participation of the Corporation an petronas, Malaysia to
 set up import facilities at haldia for parallel marketing of LPG.
 
 The Corporation had 92 installations and 184 bulk depots.  Tankage
 as
 at 31.3.1998 was 54.54 lakh kls. at various installation and depots.
 
 The state-owned Indian Oil Corporation (IOC) is setting up a
 state-of-the-art lubricant plant at Faridabad to meet the growing
 demand of the company's engine oil `Servo'.
 
 Indian Oil Corporation (IOC) would soon be commissioning a modern
 lube
 blending plant at Asaoti in Faridabad district (Haryana) to meet the
 demand of Servo (Indian Oil's brand of lubes) and to augment its
 self-sufficiency in the northern region.
 
 Indian Oil Corporation (IOC) has entered into an MoU with Reliance
 Petroleum for marketing and distribution of petroleum products of
 the
 latter.  With this agreement, IOC will have the sole rights to
 market
 Reliance's products manufactured at its 15 million tonne refinery at
 Jamnagar, Gujarat.
 
 Indian Oil Corporation (IOC) has signed fuel supply agreements
 (FSAs)
 with sixteen independent power producers including projects being
 promoted by the RPG group, Harrison Malayalam etc for power plants
 being put up in Rajasthan, Haryana and Uttar Pradesh.
 
 Indo Mobil Limited, a 50-50 joint venture between Mobil Corporation
 and
 Indian Oil Corporation to manufacture and market Mobil Lubricants in
 India, unveiled the West Mclaren Mercedes MP 4.12 formula I car at
 the
 expo.
 
 Indo Mobil Limited is also signing an exclusive agreement with
 Mercedes
 Benz India network backed by joint promotion and service activities
 for
 the Mercedes Benz owner.
 
 The corporation has also entered into a joint venture partnership
 with
 NYCO-SA of France and Balmer Lawrie to produce synthetic lubricants
 for
 the defence and aviation sectors.
 
 The oil terminal at Manmad will have state-of-art facilities
 including
 10 tank lorry filling bays with computerised flow meters to ensure
 accuracy of delivery.
 
 Indian Oil has been assiduously expanding its marketing
 infrastructure
 facilities including setting up of tankage facilities to meet the
 growing demand of petroleum products.
 
 A memorandum of understanding (MoU) for the supply of Servo
 lubricants
 of initial fill and also as genuine oils for Mitsubishi Lancer cars
 was
 signed by Indian Oil Corporation Ltd. and Hindustan Motors Ltd.
 
 Indian Oil Corporation (IOC) and Emirates National Oil Company
 (ENOC)
 of Dubai have entered into a memorandum of understanding (MoU) for
 joint collaboration in downstream areas of the petroleum sector,
 particularly in lubricants and training and consultancy projects.
 
 Indian Oil Corporation Ltd (IOC) is likely to set up a joint venture
 company with the Emirates National Oil Company (ENOC), Dubai, for a
 tankage capacity and a dedicated jetty at Hamariyah free zone.  This
 facility would be used for leasing, trading and captive use of
 petroleum products.
 
 As part of the MoU, both IOC and ENOC would collaborate in providing
 consultancy services and support in
 bottlenecking/revamping/modernisation of refineries, terminalling
 facilities, cross-country pipelines, modernisation of retail outlets
 and environmental related projects.
 
 IOC has signed memorandums of collaboration with Petronas of
 Malaysia,
 Marubeni of Japan and Petrotin and the National Petroleum Marketing
 Company of Trinidad and Tobago for joint ventures in refining,
 petrochemicals, LPG, E&P, LNG power, R&D training.  The IOC-Petronas
 joint venture was in the process of setting up LPG import and
 marketing
 facilities at Haldia in West Bengal.
 
 Indian Oil Corporation Limited has awarded to Tecnimont SPA, Milan,
 a
 contract to install a 1.2 million tons per year Diesel Hydro
 Desulphurisation (DHDS) unit at their Haldia refinery.
 
 The Indian Oil Corporation and Oil and Natural Gas Corporation have
 signed a memorandum of understanding to work together in upstream
 and
 downstream projects.
 
 Indian Oil Corporation signed the first long-term fuel supply
 agreement
 with Hindustan Lever Ltd for the supply of entire fuel and lubricant
 requirement of HLL's manufacturing unit at Orai in Jalam for the
 next
 five years.
 
 Indian Oil is the largest commercial organisation in India, the only
 Indian company to feature in the Fortune Global 500 list, it is
 ranked
 30th in terms of sales and profits among the world's petroleum
 companies.
 
 Indian Oil Corporation limited is one of the top PSUs in the market
 today.  The company's R&D centre at Faridabad is one of the best in
 Asia, the company is constantly developing it.
 
 An agreement has been signed between the Indian Oil Corporation
 (IOC)
 and National Fertilisers Ltd (NFL) to meet the feed and fuel-stock
 requirements of the latter's Nangal, Bhatinda and Panipat plants for
 the next 10 years.
 
 Indian Oil Corporation (IOC) and Bongaigaon Refinery and
 Petrochemicals
 Ltd (BRPL) have entered into a memorandum of understanding (MoU) for
 transportation of imported crude oil to BRPL's refinery at Dhaligaon
 in
 Bongaigaon district of Assam.  The memorandum of understanding was
 signed at IOC's pipelines headquarters in Noida on March 3.
 
 IOC will also be setting up the fourth oil jetty at Haldia on a
 build-own-operate (BOO) basis, either on its own or through
 partnership
 with other private promoters.
 
 The Indian Oil Corporation (IOC) will provide the entire feedstock
 and
 fuel stock requirements of the Nangal, Bhatinda and Panipat
 fertilizer
 plans of National Fertilisers Limited (NFL) for the next decade.  An
 agreement to this effect has been signed between IOC and NFL.
 
 Indian Oil Corporation (IOC) will sign the Fuel Supply Agreement
 (FSA)
 with the Kochi-based BSES Kerala Power Ltd on March 17.
 
 Indian Oil Corporation Limited (IOC) and Nirma Ltd have entered into
 a
 memorandum of understanding for the supply of Linear Alkyl Benzene
 feedstock (LABFS).
 
 Indian Oil Corporation (IOC) and the Haryana State Electricity Board
 (HSEB) have entered into a memorandum of understanding (MoU) for
 setting up a 301 MW power project at Panipat based on heavy residue
 fuel from Indianoil's six-million-tonne grassroots refinery.
 
 Indian Oil Corporation and Gas Authority of India Ltd (GAIL) have
 signed a memorandum of understanding (MoU) for transfer of LPG
 through
 the pipeline laid by GAIL from Jamnagar to Loni near Delhi.
 
 The Jaipur and Loni terminals and bottling plants will be
 commissioned
 during the second half of 2000-01.
 
 1999 - 
 
 Indian Oil Corporation workers propose to go on a two-day strike
 from
 January 7 on the company's recruitment policy.
 
 The Indian Oil's Mathura and Gujarat refineries were presented the
 Golden peacock Environment Management Award by Union minister of
 environment and forest Suresh Prabhu.
 
 State-owned Indian Oil Corporation (IOC) has signed an agreement
 with
 the US oil company Premier and is negotiating with Malaysian
 Petronas
 to jointly bid for oil blocks under the new exploration licensing
 policy (NELP).
 
 Indian Oil Corporation Ltd (IOC) has commissioned a crude pipeline
 from
 Haldia to its Barauni refinery enabling the latter to achieve total
 capacity utilisation, and eventually meet the crude deficit in
 Bongaigaon Refinery and Petrochemicals Ltd (BRPL) and Numaligarh
 Refinery Ltd (NRL).
 
 IOC proposes the expansion of capacity of its Barauni refinery from
 the
 present level of 4.2 mtpa to 6 mtpa.
 
 2000 - 
 
 Indian Oil Corporation Ltd. (IOC) has signed a memorandum of
 understanding (MoU) with healthcare major Apollo Hospitals for
 setting
 up pharmaceutical general stores at the convenience stores of Indian
 Oil petrol stations.
 
 State-owned Indian Oil Corporation (IOC) and UAE-based Emarat
 Corporation would soon finalise a joint venture (JV) agreement for
 setting up oil trading terminals in the Hamriyah free trade zone of
 Sharjah.
 
 Indian Oil Corporation (IOC) has signed an agreement with Gujarat
 Power
 Corporation Ltd (GPCL) for setting up a vacuum residue-based 500-MW
 power plant at Savli, Gujarat.
 
 Reliance Petroleum and Indian Oil have presented a proposal to the
 ministry of petroleum and natural gas which involves formation of a
 new
 joint venture company to execute the Rs 4,400-crore Central Indian
 pipline.
 
 Indian Oil and Oil and Natural Gas Corporation plan to enter into a
 50:50 joint venture for providing training and consultancy services.
 
 Indian Oil has tied up with the South Korean's Samsung and SK
 Corporation to venture into shipping of liquefied natural gas.
 
 Indian Oil Corporation signed an agreement with Tata Engineering for
 marketing its Servo engine oils for Tata's premium range vehicles.
 
 Indian Oil Corporation has introduced interactive voice recording
 system for its Indane LPG customers.  This will facilitate round the
 clock service to the customer.
 
 Indian Oil Corporation has launched its flagship lubricant brand
 Servo
 in Malaysia.
 
 Indian Oil and Citibank have together launched a co-branded
 international credit card.
 
 Indian Oil Corporation has tied up with Mahanagar Telephone Nigam
 Ltd
 and MasterCard International to set up a network of Internet kisoks
 with touchscreen facility in New Delhi and Mumbai.
 
 Indian Oil Corporation and Bongaigaon Refinery and Petrochemicals
 Ltd.
 have signed an agreement for development of pipeline hookup
 facilities
 for transporting imported crude oil to BRPL's refinery.
 
 Indian Oil Corporation is slated to sign an agreement with the
 Nigerian
 government to buy 6 million tonne of term crude in 2000-01.
 
 The state-owned Indian Oil Corporation is in talks with Essar Oil
 for
 acquiring its interests in oilfields, officials familiar with the
 negotiations.
 
 Indian Oil Corporation has entered into a technical collaboration
 for
 pipelines with Enbridge International of Canada.
 
 IOC entry in storage and retail marketing of petroleum products in
 Mauritius, Union petroleum minister, Ram Naik signed the memorandum
 of
 understanding on behalf of the Indian government with Mauritius.
 
 Andhra Pradesh government has given a Letter of Support to the
 Indian
 Oil Corporation-led consortium to set up LNG terminal-hydrocarbon in
 Kakinada.
 
 Indian Oil Corporation that it will directly market 1.5 million
 tonnes
 of Liquefied Natural Gas from the Dabhol LNG terminal of Enron India
 Ltd in Maharashtra.
 
 Indian Oil Corporation and Enron India have signed a memorandum of
 understanding to collaborate in the energy and communication
 businesses.
 
 The Company will set up a modern quality control laboratory in the
 island-nation of Mauritius to facilitate testing of aviation turbine
 fuel as well as non-aviation fuels.
 
 ONGC and IOC two companies have formed aj oint venture, ONGIO, a
 name
 derived by mrging the initial letters of their respective acronyms,
 which will explore opportunities in training and consultancy in the
 oil
 Industry.
 
 Valvoline Cummins Ltd has tied up with the Indian Oil Corporation
 (IOC)
 to market its recently launched `Eagle One' range of car care
 products.
 
 Mr. M. S. Ramachandran has joined the Board of Indian Oil
 Corporation
 as Director in-charge of planning and business development.
  
 Indian Oil Corporation is likely to invest in the equity of
 Nagarjuna
 Oil Corporation Ltd a group company of the Nagarjuna Fertilisers and
 Chemicals Ltd.
 
 Indian Oil launched its Servo genuine oil range for Tata
 Engineering's
 Indica passenger cars and Sumo vehicles.
 
 Indian Oil has introduced the genuine oils `Servo Indica-P' for
 petrol
 cars, `Servo Indica-D' for diesel cars and `Servo Sumo Engine Oil'
 for
 the Sumo range of vehicles.
 
 ValvolineCummins Ltd has tied up with Indian OIl Corporation Ltd to
 introduce its Eagle One range of car-care products through the
 latter's
 retail outlets in the metros.
 
 Indian Oil Corporation will expand its Gujarat Refinery's capacity
 to
 18 million tonnes (mt) from the present 13.7 mt by May, 2002.
 
 Unions of the the company on 15th November called off their
 agitation
 including the proposed two-day strike from 16th following
 commencement
 of negotiations with the management on wage-related issues.
 
 Indian Oil Corporation has signed an agreement with Bongaigaon
 Refinery
 and Petrochemicals Ltd. for transportation of 0.5 million tonnes of
 Crude Oil for delivery to BRPL through IOC's Haldia-Barauni crude
 oil
 pipeline.
 
 The Company will sign a retail agreement with Dominos Pizza India
 Ltd.
 for setting up a fast-food chain through IOC outlets in India by the
 end of December.
 
 DishnetDSL Limited has tied-up with Indian Oil Company (IOC) to open
 Internet hubs in all its petrol bunks across the country.
 
 2001 - 
 
 The Company has joined the race with the likes of Reliance
 Industries,
 ONGC, Royal Dutch Shell and Cairn Energy for acquiring Enron's stake
 in
 Panna-Mukta and Tapti oil and gas fields.
 
 Indian Oil Corporation will expand its existing refining capacity by
 34
 per cent to 61 million tonnes by 2004.
 
 The state-owned Indian Oil Corporation Petrochemicals Ltd to be
 restructured into two separate units before investing in its equity.
 
 The Company's Panipat refinery is scheduled to shut down around
 March
 20 for a month-long routine maintenance work.
 
 Indian Oil Corporation has tied up with Citibank for launching
 co-branded credit cards that could be used for the purchase of fuel
 as
 well as for other credit purchases.
 
 Indian Oil Corporation, Calcutta Port Trust and Shipping Corporation
 of
 India Ltd are setting up a joint venture for floating storage tanks
 at
 the Sandheads, 130km down the river Hooghly from the Haldia Dock
 Complex.
 
 Indian Oil Corporation and Hindustan Aeronautics Ltd. have been
 awarded
 the Gold Trophies of Scope for excellent contribution to public
 sector
 management for the years 1999-2000 and 1998-99 respectively.
 
 Indian Oil Corporation has finalised the detailed feasibility report
 for its proposed entry into Mauritius as an independent marketing
 firm.
 
 Indian Oil Corporation has entered into a five-year marketing
 agreement
 with Chennai Petroleum Corporation Ltd.
 
 The indian Oil Corporation and National Thermal Power Corporation
 have
 signed a memorandum of understanding to set up petro-fuel power
 plants
 in India.
 
 Indian Oil Corporation (IOC) has cleared the Rs 3,365 crore Panipat
 refinery expansion from 6 million tonne to 12 million tonne. IOC’s
 investment review committee, which went into feasibility of the
 project
 has given the go-ahead to the project which would take 36 months to
 complete.
 
 Indian Oil Corporation would retain only Rs 410 crore out of the Rs
 535
 crore mopped up from the privately placed non-convertible debenture
 issue. It attracted bids worth Rs 535 crore out of which only Rs 410
 crore would be retained.
 
 Indian Oil Corporation (IOC) has raised Rs 135 crore through a
 commercial paper (CP) issue on August 28 using the online trading
 platform of Riskxpress.com.
 
 Indianoil Corporation has joined Hindustan Petroleum Corporation in
 race for acquiring Aditya Birla Group's 37.38 per cent stake in
 Mangalore Refineries & Petrochemicals.
 
 IndianOil has doubled its domestic currency borrowing limit to Rs
 20,000 crore in the current financial year, and consequently reduced
 its foreign currency loans to ,500 million from the present ,514
 million after shareholders' approval.
 
 Indianoil Corporation will start operating from this month the
 world's
 highest location LPG plant, bulk depot and petrol station in Leh
 (Jammu
 and Kashmir).
 
 The Centre on 29th October ruled out divestment of its stake in Oil
 and
 Natural Gas Corporation, Indian Oil Corporation and Gas Authority of
 India, saying these flagship companies will continue to be under its
 control in medium to long term. We have made it clear that
 government
 will not dilute its control in these three flagship companies in
 view
 of national oil security, union minister for petroleum and natural
 gas
 Ram Naik told.
 
 - During 2000-2001, the company has acquired the entire holding of
 Government of India (GOI) in Chennai Petroleum Corporation (CPCL)
 (51.81%) for Rs 509.33 crore and Bongaigaon Refinery &
 Petrochemicals
 (BRPL) (74.46%) for Rs 148.80 crore, thereby making these companies
 subsidiaries of your corporation and adding another 9.35 MMTPA rated
 capacity.
 
 - IOCL also has the largest marketing network in the country,
 comprising over 21,000 sales points backed for supplies by 186 bulk
 storage points and 71 Indane bottling plants. 92 Aviation Fuel
 Station
 cater to the Aviation Industry, Defence as well as Civil. During
 2000-01, 310 retail outlets were commissioned, raising the total
 number
 of company's retail outlets to 7,549.
 
 2001 - 
 
 The Indian Oil Corporation has planned a capital expenditure of Rs
 5,850 crore during the current fiscal, for which it would raise Rs
 940
 crore from market borrowings.
 
 The cash-strapped Indian Oil Corporation (IOC) has sought a Rs
 1,500-2,000 crore loan from the Oil Industry Development Board
 (OIDB)
 to meet its working capital requirement.
 
 Assam Oil Division of IOC In past two decades, IOC invested around
 Rs
 1500 crores to turn Digboi refinery into a modern refinery. Which is
 now 100 years old still running well..
 
 - The company has also completed the restructuring of marketing set
 up
 to improve response to the customer needs and 15 state offices have
 become fully operational.  In the overseas business, the company
 continues to explore new opportunities and coordinate business
 activities between its various overseas offices at Dubai, Kuwait,
 Kuala
 Lumpur and Mauritius.
 
 2002
 
 - RPL-IOC tie- up skids on Hydrocarbon Vision 2025
 
 - Indian Oil Corporation (IOC) and Sundaram Finance Ltd announced the
 commissioning of of their co-branded, value-added, fleet card-
 Powerplus, to be available in two options-debit and credit card.
 
 -New IOC chief M S Ramachandran  on April 1st  took over as chairman
 of the company.
 
 -IOC signs MoU with Ceylon Petroleum Corporation to retail petrol and
 diesel in Sri Lanka.
 
 - Indian Oil Corporation (IOC) has signed a deal with Nepal Oil
 Corporation for a five-year supply and a technical expertise
 agreement with effect from April 1, 2002.
 
 -  Indian Oil Corporation will be selling auto fuels in Sri Lanka by
 taking over 100 retail outlets of Ceylon Petroleum Corporation. The
 company has signed the memorandum of understanding with Ceylon
 Petroleum
 
 - V.K. Chaudhri takes charge at regional level.
 
 - IOC, Gujarat Positra tie-up to set up petroleum infrastructure.
 
 - Indian Oil Corporation (IOC) introduced a new customer service
 called 'tank truck security system' in Andhra Pradesh. 
 
 -  Indian Oil Corporation has signed a one year 0 million term
 contract to supply 30,000 tonnes of diesel and 10,000 tonnes of jet
 fuel a month to Sri Lanka.
 
 - Indian Oil Corporation (IOC) tied-up with the Bhushan Group of
 Industries to supply petroleum products.
 
 - IOC launches Eco-friendly fuel 'Autogas'.
 
 - Indian Oil Corporation (IOC) has opened a 100 per cent subsidiary
 and floated a joint venture company in partnership with Ceylon
 Petroleum Corporation in Sri Lanka. Lanka IOC Ltd.
 
 - The Indian Oil Corporation (IOC) launched the country's first
 high-octane petrol and superior quality diesel  'IOC Premium' and
 'Superior Diesel'.
 
 - IOC signs agreement with Gujarat Port for crude oil handling.
 
 -N.R. Raje appointed as Director of IOC R&D.
 
 -Indian Oil Corporation Ltd has informed  that Shri Naresh Kumar
 Nayyar has been appointed as Additional Director and designated as
 Director (Planning & Business Development) with effect from October
 10, 2002.Shri Naresh Narad, a government nominee representing
 Ministry of Petroleum and Natural Gas on the Board of the company
 ceased to be a Director with effect from November 11, 2002.
 
 - IOC ties up with Tata for Lubricant supply.
 
 - IOC ties up with Citibank-unveils co-branded debit card.
 
 - Shri M.S. Srinivasan appointed as additional director on the Board
 of IOC.
 
 - IOC ties up with Honeywell for re-engineering project.
 
 2003
 
 - Dr A K Bhatnagar ceases to be a Director of Indian Oil Corp.
 
 - IOC introduces eco-friendly auto LPG in eastern India.
 
 - Indian Oil Corporation unveiled higher-octane petrol and
 additive-reinforced diesel in Chennai. The petrol, called `IOC
 premium petrol' has an octane rating of 91, vis-à-vis the normal 88
 octane petrol.
 
 - Indian Oil Corporation Ltd has informed BSE that Dr A K Bhatnagar,
 Director (R&D) has superannuated from the services of the Corporation
 on December 31, 2002 and consequently ceases to be a Director (R&D) of
 the Company. The corporation has further informed that Shri N R Raje
 has been appointed as an Additional Director and designated as
 Director (R&D) effective January 01, 2003 in place of Dr A K
 Bhatnagar.
 
 - Railways enters into a joint venture with IOC for production of
 bio-diesel.
 
 - Indian Oil Corporation Ltd has informed that 1) Shri Shivraj Singh,
 a Government nominee representing Ministry of Petroleum & Natural Gas
 on the Board of the company ceased to be a Director effective March
 14, 2003. 2) Shri A.K. Arora, Director (Refineries) on the Board of
 the company has ceased to be a Director consequent upon
 superannuation effective March 31, 2003. 3) Shri Jaspal Singh has
 been appointed as Additional Director and designated as Director
 (Refineries) effective April 01, 2003. 
 
 - IOC rolls out 'IOC Xtra' programme for My Shoppe card
 
 - IOC inks agreement to import 7.5 mt crude oil from Kuwait.
 
 - IOC foray into an alliance with Total for R&D, marketing.
 
 - IOC ties up BSNL to sell each others product.
 
 - Indian Oil Corporation Ltd has informed that Dr. Surajit Mitra (A
 government Nominee) representing Ministry of Petroleum & Natural Gas
 on the Board of the Company has ceased to be a Director effective
 July 16, 2003.
 
 - IOC, Tata Motors enter into MoU to promote marketing services.
 
 - IOC sign pact with BP for crude imports from Egypt.
 
 - Indian Oil Corporation Ltd has informed the following changes in
 Board of Directors of the company:
 1. Shri P M Sinha, V Ranganathan, V K Agrawal have been appointed as
 Additional Directors (Part time non official directors) effective
 August 28, 2003.
 2. Dr R K Pachauri, Shri L Sabaretnam and Shri M Kalyanasundaram
 ceased to be directors (part time non official directors) effective
 August 28, 2003.
 3. Dr N G Kannan has been appointed as additional director and
 designated as director (Human Resources) effective September 1, 2003
 in place of Shri A K Mitra who ceased to be director (Human Resource)
 effective August 31, 2003.
 
 - Indian Oil Corporation Ltd has informed that Shri Badal Kumar Das,
 a government nominee, representing Ministry of Petroleum & Natural
 Gas has been appointed as Additional Director on the board of the
 company.
 
 -  Visakhapatnam's Indian Oil Corporation has launched gasohol petrol
 mixed with 5 % ethanol on September 11.
 
 -Unveils new campaign called `bagful of offers' from September 1 to
 promote premium petrol
 
 -Indian Oil Corporation has inked an loan agreement with Singapore
 based BNP Paribas, to mop up 0 million oil import financing
 facility for one year.
 
 2004
 
 -Launches its premium, hi-octane petrol, Xtra Premium in
 Visakhapatnam
 
 -BIFR grants IOC to take legal action against Konaria Ind
 
 - Indian Oil Corporation (IOC) will float a special purpose vehicle
 (SPV) for building 5 million tonne (mt) of strategic oil reserves at
 an estimated cost of Rs 1,640 crore.
 
 -IOC awards Rs 20 cr order to Bhart Heavy Electricals Ltd
 
 -Indian Oil Corporation Ltd has informed that IndianOil being a
 Government Company, the office of the Comptroller & Auditor General
 of India has appointed M/s Suresh Chandra & Associates and M/s
 Lovelock & Lewes to be the statutory auditors of the Company for the
 financial year 2003-04 in place of M/s Jagdish Chand & Co. and M/s P
 K Mitra & Co. respectively.
 
 -IOC inks pact with Coffee Day Xpress
 
 -IOC unveils Servo brand in UAE
 
 -Orissa, IOC ink pact for Paradip refinery
 
 -Ties up with Essar Steel for LNG (Liquefied natural Gas) sale
 
 -Indian Oil and BSNL have tied up with the Chennai-based e-Logistics
 for providing a low-cost, real-time truck tracking facility for fleet
 owners
 
 - Indian Oil Corporation (IOC) has emerged as the No 1 company in oil
 trading among national oil companies in the Asia-Pacific region.
 
 -IOC secures top slot in Forbes 2000 list
 
 -Ashok Leyland Ltd (ALL) and Indian Oil Corporation (IOC) have joined
 hands to offer freight management services across the country
 
 -Bharat Sanchar Nigam Ltd (BSNL) on April 12 launched the sale of its
 products and services at the IndianOil Corporation's (IOC) outlets in
 Chennai
 
 -Oil marketing major IOC has tied up with L&T and EIL to bid for
 pipeline and refinery revamp projects in Iran , Oman and Sudan
 
 -Indian Oil Corporation and Citibank unveils IndianOil Citibank Gold
 Credit Card with a fuel loyalty programme
 
 -- Indian Oil Corporation Ltd (IOC) has finalised a deal with
 Reliance Industries Ltd for offtake of diesel, motor spirits,
 kerosene and liquefied petroleum gas (LPG) from the latter
 
 -IOC inks pact with IIM-A
 
 -IOC on June 26 signed a memorandum of understanding with HPCL
 
 -ABB Lummus Global has been selected by Indian Oil Corporation to
 replace an existing feed effluent heat exchanger in the catalytic
 reforming unit at its refinery in Mathura
 
 -The national technology award for successful commercialisation of
 indigenous technology was awarded to Indian Oil Corporation Ltd on
 June 30, 2004, for commercialisation of the conversion of the residue
 and other heavy hydrocarbons into LPG and high-octane gasoline using
 INDIMAX catalyst in a fluidised bed reactor regenerated system
 
 -IOC kicks off largest LAB plant in Gujarat
 
 -On September 09, 2004, signs memorandum of understanding with Nepal
 Oil Corporation for laying a 35 kilometre product pipeline between
 Raxual and Amlekhganj.
 
 -IOC forges alliance with JK Tyres  on October 20, 2004
 
 -IOC inks pact with Usha International
 
 -IOC appoints Shri P K Sinha  as Director with effect from December
 22, 2004.
 
 2005
 
 - A Consortium of Indian Oil Corporation (IOC) and Oil India Ltd
 (OIL) has won an on shore oil block - Block 086 - in the highly
 prospective Sirte basin in Libya.
 
 -SpiceJet in alliance with IOC on May 05, 2005
 
 - Gail India Ltd and Indian Oil Corporation Ltd (IOC) sign a Joint
 venture agreement on May 11, 2005 for implementation of city gas
 projects in Agra and Lucknow.
 
 -IOC joins hands with Turkey co to bid for Tupras Refinery
 
 -Gulf Oil ties up with Indian Oil for sale of car care products
 
 -IOC purchases 4 mn barrels of Nigerian crude
 
 -IOC inks pact with Ashok Leyland for use of engine oils
 
 2006
 
 -Indian Oil Corporation (IOC) and National Sugar Cooperative
 Federation (NSCF) entered into a memorandum of understanding for
 ethanol supply.
 
 -BIAL, IOC tie up for fuel station.
 
 -IOC inks pact with U21Global to give management training to
 employees.
 
 -IOC joins hand with IFP to offer management programmes.
 
 2007
 
 -Indian Oil Corporation Ltd (IOC) has appointed Shri. S Sundareshan
 as Director of the Company with effect from May 28, 2007.
  
 - IndianOil signs MoU with government of Chattisgarh for commercial
 biodiesel production 
 
 -  IndianOil signs MOU with UAE Exchange
 
 -  IndianOil signs agreement with Pragati Power for supply of R-LNG
 to Bawana Power Plant
 
 2008
 -  IndianOil ties up with HUL for Kwality Walls Kiosks at Petrol
 Stations
 
 -  IndianOil's MoU with Govt. focuses on ushering in cleaner and
 sustainable energy sources
 
 -  IndianOil signs MoU with Transparency International India for
 implementing Integrity Pact
 
 - IndianOil’s LNG at Doorstep facility inaugurated at H&R Johnson
 
 2009
 
 - IndianOil moves up 11 places in the Fortune ‘Global 500’ list,
 ranked 105
 
 - IndianOil receives the MoU Excellence Award 2007-08
 
 -  IndianOil and Adani Energy Limited (AEnL) sign MoU on City Gas
 Distribution
 
 -  IndianOil Chairman Sarthak Behuria Conferred 'SCOPE Individual
 Excellence Award' 
  
 - IndianOil signs MoU with PA LLC of Florida
 
 2010
 
 - Indian Oil Corporation Ltd has appointed Mr. Sudhir Bhargava,
 Additional Secretary, Ministry of Petroleum and Natural Gas,
 Government of India as Director of the Company with effect from March
 23, 2010.
 
 - Indian Oil Corporation Ltd has appointed Dr. R. K. Malhotra, as
 Director(Research & Development) of the Company with effect from
 August 05, 2010.