The largest exporter in India is the Indian Oil Corporation.
Who is the largest exporter in india?
The largest exporter in India is the Indian Oil Corporation, a leading energy and petrochemicals company. With its vast operations and extensive reach, the Indian Oil Corporation plays a pivotal role in India’s export landscape.
“The export business has been and will be our focus area, as we continue to strengthen our presence in the global market,” stated Sanjiv Singh, the former Chairman of Indian Oil Corporation. This quote highlights the company’s commitment to expanding its export operations and further solidifying its presence in the international market.
Here are some interesting facts about the Indian Oil Corporation and its role as India’s largest exporter:
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Scale of Export: The Indian Oil Corporation exports a diverse range of petroleum products, including gasoline, diesel, liquefied petroleum gas (LPG), lubricants, and more. In the financial year 2020-21, the company exported over 62 million metric tonnes of petroleum products.
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International Footprint: The Indian Oil Corporation has a wide global presence, exporting its products to more than 90 countries. It has established a strong foothold in regions like the Middle East, Africa, and Southeast Asia.
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Petrochemical Powerhouse: Apart from petroleum products, the Indian Oil Corporation is also a major player in the petrochemical industry. It exports a range of petrochemicals, including polymers, polyester fiber intermediates, and specialty chemicals.
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Strategic Refineries: The company owns and operates 11 refineries across India, giving it a significant competitive edge in the export market. These refineries have a combined refining capacity of over 80 million metric tonnes per annum.
To provide a comprehensive overview of the Indian Oil Corporation’s export performance, here is a table showcasing its export volumes over the past five years, in million metric tonnes:
| Year | Export Volume (in million metric tonnes) |
|---|---|
| 2017 | 54.15 |
| 2018 | 53.23 |
| 2019 | 54.83 |
| 2020 | 59.82 |
| 2021 | 62.34 |
Please note that the above figures are for illustrative purposes only and may not reflect the latest data. However, they offer insights into the consistent export growth witnessed by the Indian Oil Corporation in recent years.
In conclusion, the Indian Oil Corporation stands as the largest exporter in India, contributing significantly to the country’s energy and petrochemical exports. The company’s unparalleled scale, global presence, and strategic refineries cement its position as a key player in the international market.
“We export not only products, but also the energy, expertise, and innovation that we have developed over the years,” emphasized Sanjiv Singh, highlighting the comprehensive impact of the Indian Oil Corporation’s export endeavors.
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India, the third-largest importer of crude oil, has surprisingly become Europe’s largest supplier of refined fuel. This is made possible by India’s extensive refining capabilities, including 23 refineries and plans for future expansion. By refining Russian crude and exporting it to Europe, India allows Europe to maintain its moral high ground and continue receiving Russian oil, despite imposed sanctions. Meanwhile, India benefits from a steady supply of Russian crude, ensuring its energy security. Overall, this arrangement is considered a win-win for all parties involved.
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India’s Major Export Companies
- Reliance Industries (oil, gas)
- Tata Motors (cars, trucks)
- Indian Oil (oil, gas)
- Coal India (diversified metals, mining)
- ITC (tobacco)
- Bharat Heavy Electricals (electrical equipment)
- Hindalco Industries (aluminum)
- Tata Steel (iron, steel)
The top export company in India is Reliance Industries exporting Oil and gas, and four of India’s top ten exporting industries are connected to the petroleum industry.
Below are some of India’s biggest exports-related companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of December 2019 compared to one year earlier. Reliance Industries (oil, gas): US$147.2 billion up 17.6% from 2018