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INDIA'S BEST PUBLIC SECTOR ENTERPRISES - INDIAN OIL CORPORATION LTD (records 20.6 percent CAGR in income for 2003-2008).
Dalal Street Investment Journal has rated Indian Oil Corporation Ltd (IOCL) as one of the Best Public Sector Enterprises in India. IOCL was incorporated in 1959 for production and marketing of petroleum products. Its seven refineries together recorded crude oil output of 47.4 million tonnes in 2007-2008 (44 million tonnes in 2006-2007).
The company's research and development centre developed 186 lubricant formulations, of which 160 were commercialised. The company recorded seven percent dip in profit at Rs6,962.58 crore and 14 …
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