“Ratio Analysis and Comparative Study of Financials of Iocl with Its Competitors”
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Summer Training Project Report
“Ratio Analysis and Comparative Study of Financials of IOCL with its Competitors”
Submitted for partial fulfilment of the Award
Master of Business Administration
UNDER THE GUIDANCE OF
School of Management
ABES ENGINEERING COLLEGE,
MAHAMAYA TECHNICAL UNIVERSITY, NOIDA
I “ARUSHI BHUTANI” hereby declare that the work which is being presented in this report entitled “Ratio Analysis and Comparative Study of Financials of IOCL with its Competitors” is an authentic record of my own work carried out under the supervision of Ms. “JAYA PANDEY”.…show more content… Since 1959, this refining, marketing, and international trading company served the Indian state with the important task of reducing India's dependence on foreign oil and thus conserving valuable foreign exchange. That changed in April 2002, however, when the Indian government deregulated its petroleum industry and ended Indian Oil's monopoly on crude oil imports.
Indian Oil is currently moving ahead through vertical integration- upstream into oil exploration & production and downstream into petrochemicals- and diversification into natural gas marketing and alternative energy, besides globalization of its downstream operations.
IOCL is India’s largest company by sales turnover of Rs. 3,28,744crores and a profit of Rs.7445 crores for the financial year 2010-2011.It is a major player in Oil and Gas Sector. It is mainly into downstream oil business. The main operation of IOCL is refining crude oil and selling of subsidized products. India generally imports around 70 % of its crude oil to cater the huge domestic demand.It is the major supplier to core sector: Supplier of fuel (more than 80% of requirement) to Government organizations i.e. army, railways, state road transport, air force & navy.
Key sectors like fertilizer, power & aviation are largely supplied by IOCL. The Diversified Customer Base