ASSIGNMEN-01

8/7/2019 ASSIGNMEN-01

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ASSIGNMENT -01

By

Nikhil Mehta

Roll No - 32



INDIAN OIL CORPORATION LTD

About the company

Indian Oil Corporation is a government owned/public sector company. It¶s India¶sbiggest commercial company. It is listed in Fortune global 500 companies at 105 th rank. Currently, Indian Oil Corporation has largest and most distributed network of fuel stations in whole India. Indian Oil and its sub-companies share 47% of totalpetroleum products. The Indian oil companies have and operate 10 out of India¶s 19refineries. It has around 17606 fuel stations all over India.

It provides service of household cooking gas to around 47.5 million houses using anetwork of 4,990 Indian gas distributors. It also has its research and development

department inventing new technologies or solutions to various issues or problems.R&D department provides support to its operational divisions and also to itscustomers in India or abroad. Its research and development department wasreformed as a new company in 2003, so as to help marketing the technologiesdeveloped by it.

IndianOil provides various products like diesel, petrol, auto LPG, LPG, bitumen,paraffin, naphtha, kerosene, aviation turbine fuel etc. It owns some distinct brandswhich are famous in market like Servo lubricants, Xtra Mile diesel, Xtra premiumpetrol, Autogas LPG, Indane LPG, Indian Oil aviation.

Currently, IndianOil is 18th biggest company in the world based on its production

while holding number one in top petroleum companies in Asia-Pacific region. Its twomain competitors in Indian market are Hindustan Petroleum and Bharat Petroleumwhich are controlled by state government. It also has some private competitors i.e.Essar oil and Reliance Petroleum.

Objectives

To serve the national interests in oil and related sectors in accordance andconsistent with Government policies.

To ensure maintenance of continuous and smooth supplies of petroleumproducts by way of crude oil refining, transportation and marketing activities and

to provide appropriate assistance to consumers to conserve and use petroleumproducts efficiently.

To enhance the country's self-sufficiency in crude oil refining and build expertisein laying of crude oil and petroleum product pipelines.

To create a strong research & development base in refinery processes, productformulations, pipeline transportation and alternative fuels with a view tominimizing/eliminating imports and to have next generation products.

To maximise utilisation of the existing facilities for i mproving efficiency andincreasing productivity.



Values



Quick View

Rank: 125 (Previous rank: 105)

Chairman: Shri R S Butola

Employees: 36,307

Address: 3079/3,Sadiq Nagar

New Delhi , 110049

India

Website: www.iocl.com

Revenue(2010) 54,287.5

Profits(2010) 2,258.1

Stock holder¶s Equity 11,686.9

Assets(2010) 29,672.4

Recruitment Process

The Company employs working staff by issuing application for various positions in

leading newspaper every year.

Applications are invited for the position of Engineers/ Graduate Apprentice

Engineers (GAEs) in the following engineering disciplines:

1. Chemical Engineering (Including Petrochemicals engineering)

2. Civil Engineering

3. Electrical Engineering

4. Instrumentation Engineering (Including Electronics & Instrumentation

engineering but excluding Electronics & Communication engineering/

Telecommunication engineering)

5. Mechanical Engineering (excluding Production/ Manufacturing/ Industrial

engineering)

6. Metallurgical Engineering

The eligibility criteria regarding prescribed educational qualification, age andother eligibility criteria and application procedure is mentioned below:



Educational Qualification

Minimum educational qualification for employment in above mentioned positions are:

Candidates should have passed qualifying degree examinations and awarded

bachelor¶s degree in engineering/ technology in the above mentioned disciplines

from recognized Indian Universities / Institutes. Candidates (belonging to general and OBC category) should have secured

minimum 65% marks in qualifying degree examinations. It is relaxed to µpass

class¶ for SC/ST/PH candidates.

Candidates currently in final year of their engineering studies may also apply.

However, if selected, they must be in position to submit marks sheet within

prescribed dates.

Age Limit

Maximum 26 years for the general category candidates. Age relaxation for OBC(Non Creamy Layer)/SC/ST/PH candidates will be applicable as per the Presidential

Directive.

Concessions/ Relaxations

Reservation of posts for SC/ST/OBC(Non-Creamy Layer)/ PH(degree of disability

40% or above) will be maintained as per Government of India directives.

Age relaxation to OBC (non-creamy layer), SC/ST and PH candidates will be

extended as per the Presidential Directive. For getting the reservation benefits

under OBC category:

Age relaxation by 5 years for candidates domiciled in Jammu & Kashmir between

1.1.1980 and 31.12.1989.

Age relaxation by 5 years for Ex-servicemen & Commissioned Officers (including

ECOs / SSCOs) subject to rendering minimum 5 years¶ military service and

fulfillment of other conditions prescribed by Government of India.

Minimum percentage of marks in the qualifying degree examination is relaxed to

µpass class¶ for SC/ST/PH category candidates.

Physical Fitness

Desirous candidates seeking employment with IndianOil needs to be medically fit

as per IndianOil¶s pre-employment medical standard. Candidates are advised to

go through the µGuidelines and Criteria for Physical Fitness for Pre -employment

medical Examination¶ before they commence the application process.



General category candidates will have to execute a bond of Rs.1,00,000 (Rs.25000/-

for SC/ST/OBC & PH candidates) to serve the Corporation for a minimum period of

three years from the date of joining (date of appointment as Engineer in case of

GAEs after successful completion of training).

Remuneration Package

Engineers/ Officers

Candidates selected as engineers/officers will receive a provisional starting basic

pay of Rs.23000/-per month. In addition, the selected candidates will receive

Dearness Allowance (DA) and other allowances, according to the rules of the

Corporation in force, as amended from time to time.

Other allowances / benefits include HRA / subsidized housing accommodation

(depending upon place of posting), medical facilities, performance related pay,

gratuity, contributory provident fund, employees pension scheme, group personal

accident insurance scheme, leave encashment, leave travel concession (LTC)/ LFA,

contributory superannuation benefit fund scheme, house building advance(HBA),

conveyance advance/ maintenance reimbursement, professional updation

allowance, lap-top computer, children¶s education allowance etc. as per rules.

The Cost-to-Company (CTC), in case of a metro city posting, will be around Rs. 7.60

lakhs per annum inclusive of performance related pay (PRP)

Graduate Apprentice Engineers (GAEs)

Candidates selected as GAEs for one-year apprenticeship training will be paid

consolidated stipend @ Rs.20,000/- per month. Upon successful completion of

apprenticeship training, they may be appointed as engineers in t he scale of pay

referred above.



How to apply

1. GATE-2010 is scheduled on 14th

February of every year.

2. Candidates need to purchase the GATE application form as per the information

provided in GATE-2010 websites. They should fill-in and submit the GATE

application form as instructed by the GATE authorities and wait for the admit cardto get the GATE registration number

3. The candidates will receive their GATE registration number printed on their admit

card. On receipt of GATE registration number, the candidates need to apply in

IndianOil on-line.

4. Candidates should click on the on-line application link, read the instructions

carefully and fill-in the on-line application form giving accurate information

including the GATE registration number.

5. Upon completion, the candidate should submit the online application by clickingthe Submit button at the bottom of the page. If the same is accepted, the system

will generate a unique application ID along with the completed application form.

6. Candidate should take a print out of completed application, affix his/her recent

passport size photograph, put his/ her signature at the space provided and keep

with him/ her safely for future reference.

The passport size photograph affixed by the candidate should be the same

submitted along with GATE application form. In case the candidate called for

GD/GT and interview, he/she should come with this printed application form,

along with GATE admit card and GATE official score card.



Bibliography

The references for the recruitment of IOCL is taken from

y www.iocl.com

y http://careerquize.blogspot.com/2011/01/iocl -graduate-apprentice-engineers-

gaes.html

y http://www.iocl.com/PeopleCareers/IndianOilCorporationLimited.pdf

y http://www.iocl.com/uploads/Open_Recruitment_2011_Detail%20Ad.pdf

y http://www.iocl.com/uploads/Advertisment_Haldia_Ref_Feb_4_2011.pdf

y

http://iocl.com/downloads/IOC_FinancialResult_MAY_2010v1.pdf

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