IOC is a refining & marketing company and has eight refineries with a total capacity of 1.1mbpd. It has a new 300kbpd refinery coming up at Paradip. It has a 51.9% stake in Chennai Petroleum (two refineries with 230kbpd capacity). Government owns 68.6% of IOC. IOC has a large share of deregulated business with biggest pipeline, Petrochemical and lubes capacity than peers. IOCL will be the largest refiner in India post the commissioning of Paradip refinery, with control over 35% of the refining capacity with its 11 refineries. IOCL has a pipeline (crude + product) network of 11,000+km, with overall capacity of 80.5mmtpa. In the petroleum market,...