Company Background - Indian Oil Corporation Ltd. (IOC), India's flagship national oil company and downstream petroleum major, was incorporated on 1959 as Indian Oil Company. The company was renamed as Indian Oil Corporation in 1964 following the merger of Indian Refineries (established 1958) with it. IOC's core business has been refining, transportation and marketing of petroleum products. In line with India's growing energy demand, the Company has over the years expanded its operations across the hydrocarbon value chain...