The Future of Energy: How Indian Oil Plans to Adapt and Thrive

by  Komal Darji Industry Watch | November 28, 2024 | Interview

Indian Oil Indane EXTRA TEJ

As a cornerstone of India’s energy landscape, Indian Oil is not just about delivering fuel; it represents a commitment to innovation, sustainability, and community welfare. Founded in 1964 through the merger of Indian Oil Company Limited (IOCL). and Indian Refineries Ltd., the company has evolved to embody its vision of being the 'Energy of India' and a globally admired corporation. With the launch of Project Sattva, Indian Oil is reinforcing its core values—Care, Innovation, Passion, Trust, and Nation-First—while actively engaging its workforce in shaping a sustainable future.

Among its recent innovations, Indane XTRATEJ, a premium additized LPG designed for commercial and industrial use, offers significant benefits in efficiency and fuel savings. Enhanced with a nano-additive developed by Indian Oil’s R&D division, Indane XTRATEJ has shown in trials to reduce LPG consumption by at least 5%, shorten cooking times by 14%, and increase flame temperature by a minimum of 65 degrees Celsius. Currently available across India in 19 kg, 47.5 kg, and 425 kg cylinders, Indane XTRATEJ provides substantial cost savings, making it an economical choice for businesses.

In an exclusive interview with EVENTFAQS Media, Mr. B C Jena, CGM (LPG Strategies), Marketing Head Office, IndianOil shares insights into the company’s strategic initiatives, its approach to employee involvement, and its readiness to adapt to the ever-changing energy landscape.

How does Indian Oil plan to align its growth strategy with the global shift towards sustainable energy practices?

Indian Oil is committed to shaping India's green future through initiatives like Project Sattva, which focuses on revitalizing our core values. We are investing in innovative solutions, such as our Indane XTRATEJ, which improves energy efficiency. As we expand our operations, we will continue to integrate sustainability into our business practices, ensuring we meet the evolving energy demands of a greener future.

Can you elaborate on how the introduction of the Nation-First value reflects Indian Oil's commitment to corporate social responsibility?

The Nation-First value emphasizes our profound sense of duty to serve India and its people. This commitment is reflected in our efforts to provide reliable energy access across diverse regions and our initiatives aimed at community development. We believe that by prioritizing national interests, we can contribute to the socioeconomic growth of the country while enhancing the quality of life for our customers.

What measures are in place to ensure that the products and services provided under the Indane brand maintain their quality and competitiveness in the market?

The Indane brand is synonymous with quality, and we continuously strive to uphold that reputation. Our commitment to innovation, such as the introduction of Indane XTRATEJ, enhances the efficiency of our products. We also conduct rigorous quality assessments and field trials to ensure our offerings meet the highest standards, further solidifying our position as a trusted LPG provider.

How does Indian Oil’s extensive distribution network impact its ability to respond to regional energy demands and crises?

Our vast distribution network, comprising over 60,000 marketing touchpoints, enables us to be highly responsive to regional energy needs. This extensive presence allows us to quickly mobilize resources in times of crisis and ensure an uninterrupted supply of petroleum products, regardless of the geographical challenges. It positions us as a reliable energy partner across the Indian subcontinent.

What future trends do you foresee impacting the petroleum industry, and how is Indian Oil preparing to adapt to these changes?

The industry is witnessing a significant shift towards renewable energy and sustainability. Indian Oil is preparing for these changes by investing in research and development and exploring alternative energy solutions. We aim to remain agile and responsive to market trends, ensuring that we adapt our business strategies to continue serving our customers effectively while aligning with global energy transitions.