In­di­anOil: Ex­pand­ing Net­work with Ru­ral Out­lets

In­di­anOil CMD B Ashok said that dur­ing FY 16-17 the con­tri­bu­tion of Kisan Sewa Kendras out­lets to to­tal sales reached a new high of 14.6 per­cent

Rural & Marketing - - MARKETING -

To reach every In­dian, Ma­haratna Pub­lic Sec­tor Un­der­tak­ing, In­di­anOil has ex­panded its net­work by adding 1,350 new units dur­ing the fi­nan­cial year 2016-17 (FY1617) in the forms of Ru­ral Out­lets, Kisan Sewa Kendras(KSKs), Ter­mi­nal De­pots, LPG dis­tricts, Avi­a­tion Fuel Sta­tion (AFS) and Con­sumer pumps across the coun­try. By adding 516 ROs in the last fi­nan­cial year, In­di­anOil has ex­panded its ROs to 19, 161 and by adding 365 KSKs in ru­ral and re­mote ar­eas to­tal num­ber of such Kendras has reached 7,051 mark.

In­di­anOil Chair­man B Ashok said, “Dur­ing the last fis­cal year, CNG was made avail­able in 90 more ROs and now we have 280 CNG sta­tions. The com­pany added 516 ROs to take the to­tal num­ber at 19, 161. We also added 365 KVKs last year and over­all now In­di­anOil has over 46, 500 touch points with 30 smart ter­mi­nals.”

Be­sides serv­ing bulk cus­tomers like the de­fence ser­vices, the rail­ways and state trans­port un­der­tak­ings through over 6,500 ded­i­cated fa­cil­i­ties, In­di­anOil cur­rently op­er­ates over 26,200 fuel sta­tions cov­er­ing every nook and corner of the coun­try.

“Over 930 fuel sta­tions were added to the re­tail net­work in 2016-17, of which 365 were KSKs out­lets in ru­ral ar­eas. The con­tri­bu­tion of KSK out­lets to to­tal sales reached a new high of 14.6 per­cent in Mo­tor Spirit (MS) and High Speed Diesel dur­ing the year. With about 600 fuel sta­tions au­to­mated in 2016-17, the cu­mu­la­tive num­ber of au­to­mated sta­tions at In­di­anOil crossed the 10,000 mark,” he added.

In­di­anOil posted a net profit of Rs. 19,106 crore for the FY 2016-17 as com­pared to a profit of Rs.11,242 crore in the last fis­cal. The in­come from op­er­a­tions for the fi­nan­cial year 2016-17 was Rs. 4,45,373 crore as com­pared to Rs. 4,06,828 crore in 2015-16.

In­di­anOil's in­come from op­er­a­tions was Rs.1,22,285 crore in Q4 FY 16-17 as com­pared to Rs. 98,719 crore in the cor­re­spond­ing quar­ter of 2015-16. Profit for the last quar­ter of 2016-17 is Rs. 3,721 crore as com­pared to Rs. 2,006 crore in the cor­re­spond­ing quar­ter of 2015-16.

“In­di­anOil sold 83.490 mil­lion tonnes of prod­ucts, in­clud­ing ex­ports, dur­ing 2016-17. Our refin­ing through­put for FY 2016-17 was 65.191 mil­lion tonnes and the through­put of the Cor­po­ra­tion's coun­try­wide pipe­lines net­work was 82.490 mil­lion tonnes dur­ing the same pe­riod. The gross refin­ing mar­gin (GRM) dur­ing the year 2016-17 was US$ 7.77 per bbl as com­pared to US$ 5.06 per bbl in 2015-16,” the Chair­man said.

The year 2016-17 saw In­di­anOil spear­head­ing yet an­other mam­moth wel­fare pro­gramme, Prad­han Mantri Ujjwala Yo­jana, the world's big­gest ini­tia­tive for energy and fi­nan­cial in­clu­sion of women from the bottom of the pyra­mid sec­tions of so­ci­ety. With a tar­get to re­lease 5 crore de­posit-free LPG con­nec­tions to BPL house­holds by the year 2019, the pro­gramme crossed two crore con­nec­tions in less than a year, rais­ing LPG us­age across mar­kets to above 70 per cent.

In 2016-17, In­di­anOil launched a revolving Startup Fund to nur­ture an eco-sys­tem con­ducive for in­no­va­tions in the do­mes­tic hy­dro­car­bons sec­tor. Driven by In­di­anOil' state-of-the-art Re­search & Development Cen­tre at Farid­abad, the scheme will sup­port projects that aim to es­tab­lish in­no­va­tive tech­nol­ogy and busi­ness process re-engi­neer­ing ideas with sig­nif­i­cant busi­ness po­ten­tial, so­cial rel­e­vance and fo­cussed on en­vi­ron­ment-pro­tec­tion.

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