I would like to express my sincere gratitude to our internship coordinator who have given their valuable time and given me chance to learn something despite having their busy schedule, Ms. Melissa Versa for her great guidelines for internship. I am also thankful to Mr.. Sandy Paraphrase(Sir. Manager, HRS) and other staff member for their co-operative support, and also presenting with an opportunity for me to have a practical experience in this organization and helped me to clutch the rear opportunities to learn the real world situation.
I would also like to thank Sunlit AMA and Giving Sir for their continuous support and guidance which was extremely helpful for me throughout the project. I am also grateful to all members of Indian Oil Corp. Ltd. For providing several documents, papers, data, figures and services as well as sharing their experience with me. Lastly I would like to thank my guide and professor Ms. Smith Musketeer for her valuable inputs and assistance throughout my internship.
INDEX Particulars I Page No. I Executive Summary I I Objective, Scope, Assumption and Limitations of the Project the Indian Oil Industry I I Company Overview I I Objectives and Obligations I Group Of Companies I Vision with Values I Business Model of COIL I SOOT Analysis of Indianapolis I Literature Review I Promotion and Program Procedure I I An Overview to Promotion Policy Checklist I Research Methodology and Data Analysis I Parameters of Interview I
Promotion Procedure in Indianapolis I Analysis of the Interview(Statistics and Inferences) Conclusion I Recommendations I Bibliography I EXECUTIVE SUMMARY Indianapolis is the highest ranked Indian company in the latest Fortune ‘Global 500’ listings, ranked at the 83rd position. Indianapolis vision is driven by a group of dynamic leaders who have made it a name to reckon with. The Human Resources department for the Western Region of Indian is located at Iambi (World). Initially I was given the explanatory overview of the various HRS departments.
Where I got the opportunity to see the working of the HRS departments eke Industrial Relations, Recruitment, Promotion, General Administration, Performance Appraisal Review, Payroll, and Training & Development. The report includes “A Study of Promotion Policy at COIL”. The principle of research is to find whether the employees are satisfied with the procedures and effectiveness of the existing promotion policy. For this analysis employees (Blue collar and White collar employees) were selected and interviewed. Finally data was collected from them for analysis and recommendations.
It is observed that most of the employees do not know of the existing promotion logic whereas only some no. Of employees is not satisfied with the existing promotion policy. It was seen that there was a lot of ambiguity regarding the existing promotion policy. 65% of the employees interviewed felt that there should be transparency in the Appraisal and Promotion procedures. Also since the Appraisal process is completely confidential the employees do not know about their performance it was a challenge to make recommendations on the clauses of the existing Promotion policy.
As per the comments I got from the employees I rated their replies on a scale for analysis purpose. The purpose of the promotion policy is to provide greater opportunities for Promotion and to improve the upward mobility potential for qualified as well as functional experience employees. Hence on the basis of this I tried to analyze the policy and came up with possible inferences and conclusions. Objective is to study & analyze the Promotion policy for Workmen at Indian Oil Corporation Ltd and suggest changes for the same.
SCOPE The Promotion Policies of Workmen at Indian are reviewed at regular intervals; hence a fresh perspective was needed to study the policies and procedures. There is cope to analyze the current Promotion policies and procedures and suggest changes which can be made for the benefit of the employees as well as the organization. ASSUMPTIONS No assumptions have been made while making this project. All the data gathered is authentic & is collected from internet as well by taking interview of HRS officials and other employees at Indianapolis, World (Western Region office).
LIMITATIONS Since Indianapolis is a government organization there was a restriction on accessibility of the information. All the data had to be used moderately as it is very critical to the organization it cannot be disclosed outside. An Overview to the Indian Oil Industry Introduction The Indian Oil and Gas (O&G) sector is one of the six core industries of India and contributes over 15 per cent to the Gross Domestic Product (GAP). The country is the sixth largest consumer of oil in the world and the ninth largest crude oil importer.
The sector is of immense importance to the economy owing to its significant forward integration with many other sectors. India is committed to boosting its growth in the years to come and this progress would translate into the country’s energy needs rowing many times. The need of the hour, therefore, is to channeling all efforts on exploration of new blocks effectively as well as efficiently. The growing demand for crude oil and gas in the country coupled with policy initiatives of the Government of India towards increased E;P activity has given a great impetus to the growth of this sector.
Indian’s shale gas reserves are at about 290 trillion cubic feet (ETC), of which 63 ETC could be recovered, according to a study by US Energy International Agency. Shale gas is natural gas formed from being trapped within shale formations. Natural gas sector constitutes about 9. 8 per cent of primary energy consumption which is projected to grow up to 20 per cent by 2025 as per Indian Hydrocarbon vision. About 65 per cent of natural as consumption is accounted by power and fertilizer sectors. Petroleum and Natural Gas Regulatory Board chairman S.
Krishna emphasizes on the need to develop a strategy to meet substantial share of energy needs from natural gas and take its contribution in the country’s energy basket from 9. 8 per cent to 25 per cent in the medium term. * The demand for natural gas in India has been growing, and is expected to increase by 280 per cent from the current levels to 220 BCC by 2020. Major Players of Indian Oil and Gas Industry Company Review Indian Oil Corporation Limited, or Indianapolis, is an Indian state-owned oil and gas reparation with its headquarters in New Delhi, India.
Care Stands for * Concern * Empathy * Understanding * Co-operation * Empowerment Innovation Stands for * Creativity * Ability to learn * Flexibility * Change Passion Stands for * Commitment * Dedication * pride * Inspiration * Ownership * Zeal ; Zest Trust Stands for * Delivered promises * Reliability * Dependability Integrity * Truthfulness * Transparency BUSINESS MODEL OF COIL: COIL has its presence in all spheres of downstream operations.
PRODUCTS OFFERED BY OIC Indian Oil is not only the largest commercial enterprise in the country it is the flagship corporate of the Indian Nation. Besides having a dominant market share, Indian Oil is widely recognized as Indian’s dominant energy brand and customers perceive Indian Oil as a reliable symbol for high quality products and services. Major Products of COIL are: Auto LAP I Lubricants & Greases I Bitumen I MS Gasoline I High Speed Diesel I Petrochemicals I
Industrial Fuels I Crude Oil I Liquefied Petroleum Gas I Superior Kerosene Oil I Refining Born from the vision of achieving self-reliance in oil refining and marketing for the nation, Indianapolis has gathered a luminous legacy of more than 100 years of accumulated experiences in all areas of petroleum refining by taking into its fold, the Digit Refinery commissioned in 1901. Indianapolis controls 10 of Indian’s 22 refineries. The group refining capacity is 65. 7 million metric tones per annum (MATE) or 1. 30 million barrels per day -the largest share among refining companies in India.
It counts for 31% share of national refining capacity. The strength of Indian springs from its experience of operating the largest number of refineries in India and adapting to a variety of refining processes along the way. The basket of technologies, which are in operation in Indianapolis refineries include: Atmospherically Distillation; Distillate FCC/Reside FCC; Hydroplaning; Catalytic Reforming, Hydrogen Generation; Delayed Coking; Lube Processing Units; Backbreaking; Emmer Treatment; Hydro-Discontinuation of Kerosene;Galois streams; Sulfur recovery; Decaying, Wax Hydro finishing; Coke Calcimining, etc.
I Pipelines Indian Oil Corporation Ltd. Operates a network of 11,163 km long crude oil, petroleum product and gas pipelines with a capacity of 77. 258 million metric tones per annum of oil and 10 million metric standard cubic meter per day of gas. Cross- country pipelines are globally recognized as the safest, cost-effective, energy-efficient and environment-friendly mode for transportation of crude oil and petroleum products. Marketing Reaching out to a Billion Hearts I Indianapolis has one of the largest petroleum marketing and distribution networks in Asia, with over 35,000 marketing touch points.
Its ubiquitous petrol/diesel stations are located across different terrains and regions of the Indian sub-continent. From the icy heights of the Himalayas to the sun-soaked shores of Kraal, from Ketch on Indian’s western tip to Eskimo in the verdant North East, Indianapolis is truly ‘in every heart, in every part’. The countrywide marketing operations are coordinated by 16 State Offices and over 100 decentralized administrative offices. Indianapolis has been adjudged Indian’s No. 1 brand by UK-based Brand Finance, an independent consultancy that deals with valuation of brands. It was also listed as
Indian’s ‘Most Trusted Brand’ in the ‘Gasoline’ category in a Readers’ Digest – AC Nielsen survey. In addition, Indianapolis topped The Hindu Businesslike “Indian’s Most commercial role as an energy provider but straddles the entire value chain of gamut of exploration & production, refining, transportation & marketing, petrochemicals & natural gas and downstream marketing operations abroad. Indianapolis is a national brand owned by over a billion Indians & that is a priceless value. I Research & Development Centre In today’s dynamic business environment, innovation through a sustained process of
Research & Development (R&D) is the only cutting edge tool for organizations to thrive. With emphasis on development and speedy commercialism’s of globally competitive products, processes and technologies, the focus has now shifted from R&D to RD&D (Research, Development & Deployment). Standing in the company of six worldwide technology holders for Marine Oils, with the second global MOM (original equipment manufacturer) approval by Warts, Switzerland, Indianapolis SERVO Marine Oils are now technically qualified to cater to the lubrication requirements of more than 90% of the world’s marine engine population.
In the power-generation segment, the newly developed SERVO Marine K- Series was approved by Yeoman Co. Ltd. Of Japan for use in their engines operating on distillate fuels. Petrochemicals India is amongst the fastest growing petrochemicals markets in the world. Taking this into consideration and to enhance its downstream integration, Indianapolis is focusing on increasing its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of customer base and innovative supply logistics.
Petrochemicals have been identified as a prime driver of future growth by Indianapolis. The Corporation is envisaging an investment of RSI 30,000 core in the petrochemicals business in the next few years. These projects will utilities product streams from the existing refineries of Indianapolis, thereby achieving better exploitation of the hydrocarbon value chain. A robust logistics model has been the key to Indianapolis success story and facilities have been put in place for seamless product dispatches to customers by rail, road and sea.
I E & P Forays into E &P I In keeping with the dynamic business environment, Indian Oil’s business development initiatives continue to be driven by the emerging opportunities and aided by its corporate vision of becoming a diversified, transnational, integrated hydrocarbon value chain, both within and outside the country, while simultaneously revisiting its strategic plans and undertaking mid-course corrections, wherever necessary. To enhance upstream integration, Indianapolis has been pursuing exploration & production activities both within and outside the country in collaboration with consortium partners.
I Natural Gas Drawing on its vast experience and carefully nurtured skill sets, Indianapolis has made successful forays in diverse areas such as Natural Gas, Petrochemicals, Exploration amp; Production, Renewable Energy, etc. Over the years, Natural Gas has emerged as the ‘fuel of choice’ across the world. It is steadily replacing traditional fossil fuels due to its environment friendly characteristics which help in meeting the stipulated automobile emission norms.
