Investments
5Portfolio Exits
1Funds
1Partners & Customers
10About IndianOil
IndianOil is a national oil company with business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas, and petrochemicals. At Indian Oil, the operations are strategically structured along business verticals - Refineries, Pipelines, Marketing, R&D Center and Business Development – E&P, Petrochemicals and Natural Gas.
Research containing IndianOil
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CB Insights Intelligence Analysts have mentioned IndianOil in 1 CB Insights research brief, most recently on Sep 21, 2022.
Latest IndianOil News
Dec 7, 2023
EKI Energy Services, a carbon credits developer and supplier, and Indian Oil Corp. Ltd (IndianOil), a state-owned oil and gas producer in India, have agreed to jointly promote Surya Nutan, IndianOil’s innovative indoor solar cooking system. IndianOil has a prominent presence across the entire hydrocarbon value chain in India. The Fortune 500 company has committed to go net zero by 2046 and is diversifying its portfolio to include alternative energy sources. Toward that objective, it has developed “Surya Nutan,” a stationary, rechargeable, and always kitchen-connected indoor cooking solution based on IndianOil’s patented technology. Popular content Under the terms of their agreement, IndianOil will share the technology of “Surya Nutan” with EKI to enhance its production and distribution, supported by carbon finance. EKI will oversee the end-to-end management of ‘Surya Nutan’ encompassing manufacturing, marketing, installation, and the provision of after-sales services. This will be achieved by leveraging carbon finance, corporate social responsibility, or any other similar means. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com . Share Uma Gupta Based in New Delhi, Uma Gupta has over 15 years of experience in reporting on subjects ranging from semiconductor chips to energy and automation. She has been associated with pv magazine since 2018, covering latest trends and updates from the Indian solar and energy storage market. Δ By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy . Newsletter
IndianOil Investments
5 Investments
IndianOil has made 5 investments. Their latest investment was in AHODS Technologies as part of their Seed on June 6, 2022.
IndianOil Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/29/2022 | Seed | AHODS Technologies | Yes | 1 | ||
12/21/2021 | Corporate Minority - IV | |||||
2/5/2020 | Corporate Minority - II | |||||
4/18/2018 | Corporate Minority | |||||
Other Investors |
Date | 6/29/2022 | 12/21/2021 | 2/5/2020 | 4/18/2018 | |
|---|---|---|---|---|---|
Round | Seed | Corporate Minority - IV | Corporate Minority - II | Corporate Minority | Other Investors |
Company | AHODS Technologies | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
IndianOil Portfolio Exits
1 Portfolio Exit
IndianOil has 1 portfolio exit. Their latest portfolio exit was Phinergy on February 04, 2021.
IndianOil Acquisitions
1 Acquisition
IndianOil acquired 1 company. Their latest acquisition was Mercator Petroleum on November 05, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/5/2023 | Asset Sale | 3 |
Date | 11/5/2023 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Asset Sale |
Sources | 3 |
IndianOil Fund History
1 Fund History
IndianOil has 1 fund, including IndS_UP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
IndS_UP | 1 |
Closing Date | |
|---|---|
Fund | IndS_UP |
Fund Type | |
Status | |
Amount | |
Sources | 1 |
IndianOil Partners & Customers
10 Partners and customers
IndianOil has 10 strategic partners and customers. IndianOil recently partnered with LyondellBasell on November 11, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/7/2023 | Client | United States | Indian Oil once more selected process technology from LyondellBasell ROTTERDAM , Netherlands , November 7 , 2023 - LyondellBasell , the world 's largest licensor of polyolefin technologies , today announced that Indian Oil Corporation Ltd. has selected LyondellBasell 's Hostalen ACP `` Advanced Cascade Process '' technology for a new 200 kiloton per year high density polyethylene plant . | 1 | |
10/5/2023 | Partner | India | Indian Oil, GPS Renewables Partners To Setup Compressed Biogas Plants Speaking on the partnership , Mainak Chakraborty , CEO and Co-Founder of GPS Renewables , said , `` This proposed joint venture with Indian Oil Corporation is a significant milestone in our commitment to advancing biofuel technology . | 1 | |
8/1/2023 | Client | United States | McDermott selected by IOCL for Indian refinery expansion work Earlier this year , McDermott was selected by IOCL to undertake PMC work for the MAH unit at the Panipat refinery and petrochemical complex . | 1 | |
7/19/2023 | Vendor | ||||
7/19/2023 | Vendor |
Date | 11/7/2023 | 10/5/2023 | 8/1/2023 | 7/19/2023 | 7/19/2023 |
|---|---|---|---|---|---|
Type | Client | Partner | Client | Vendor | Vendor |
Business Partner | |||||
Country | United States | India | United States | ||
News Snippet | Indian Oil once more selected process technology from LyondellBasell ROTTERDAM , Netherlands , November 7 , 2023 - LyondellBasell , the world 's largest licensor of polyolefin technologies , today announced that Indian Oil Corporation Ltd. has selected LyondellBasell 's Hostalen ACP `` Advanced Cascade Process '' technology for a new 200 kiloton per year high density polyethylene plant . | Indian Oil, GPS Renewables Partners To Setup Compressed Biogas Plants Speaking on the partnership , Mainak Chakraborty , CEO and Co-Founder of GPS Renewables , said , `` This proposed joint venture with Indian Oil Corporation is a significant milestone in our commitment to advancing biofuel technology . | McDermott selected by IOCL for Indian refinery expansion work Earlier this year , McDermott was selected by IOCL to undertake PMC work for the MAH unit at the Panipat refinery and petrochemical complex . | ||
Sources | 1 | 1 | 1 |
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