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Indian Oil Corporation Ltd. (IndianOil) was formed in 1964 through the merger of Indian Oil Company Ltd. (Estd. 1959) and Indian Refineries Ltd. (Estd. 1958). is currently India's largest company by sales with a turnover of Rs. 1,50,677 crore (US $ 34.44 billion) and profits of Rs. 4,891 crore (US $ 1.12 billion) for fiscal 2004. IndianOil is also the highest ranked Indian company in the Fortune 'Global 500' listing, at 170th position. It is also the 18th largest petroleum company in the world and the # 1 petroleum trading company among the national oil companies in the Asia-Pacific region. A major diversified, transnational, integrated energy company, with national leadership and a strong environment conscience, playing a national role in oil security& public distribution.
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