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Indian Oil Corporation Ltd : IndianOil : Iocl.com

IndianOil Corporation Ltd is India's largest commercial enterprise. The IndianOil Group of companies owns and operates 10 of India's 20 refineries.

www.iocl.comIndianOil offers a world of opportunities across more than 600 locations In India including refineries, pipeline, terminals, marketing units such as LPG bottling plants, bulk storage terminals, Aviation Fuel Stations, Retail/Consumer/Lubricants sales, and at the R&D Centre at the entry level. It recruits bright and professionally qualified people for its executive cadre. It follows a mix of open and campus recruitment.

For open recruitment advertisements are published in leading national dailies. Interested candidates meeting IndianOil's requirements can apply online. Applications are then scrutinised and checked for eligibility. The candidates meeting the criteria set by IndianOil are then called for a written test. Based on their performance in the written test, they are further called for group discussion/ group task and interview.

Recruitment

Work Opportunities @ IndianOil

IndianOil Internships
For campus recruitment, IndianOil visits the IITs, NITs and other reputed technical institutes of the country for recruiting final year engineering students, and prominent business management institutes for final year MBA students. It also recruits Chartered Accountants from various centres of the Institute of Chartered Accountants of India (ICAI).

IndianOil inducts officers at the junior-most level of the management hierarchy (A Grade). First division professional degree holders and post-graduates from relevant disciplines are recruited as management / engineer trainees, accounts officers, medical officers, lab officers, systems officers, communications officers, scientists, etc.

Job rotation and inter-location transfers throughout the country facilitate planned development of careers and broaden outlook. Career growth opportunities are based on the individual's performance and contribution to the common goal of sustained growth. Most of IndianOil's top executives have grown from within -- a testimony to the unlimited opportunities for growth available to the meritorious.

Apart from attractive scales and perks, IndianOil provides its employees many facilities and welfare measures, which are continuously upgraded. The medical facilities extended to the employees are rated amongst the best in the country. Apart from fully equipped hospitals at refinery townships, the Corporation has also nominated hospitals at various locations to meet employee needs. Holiday homes at select locations throughout the country help employees and their families unwind.

Recruitment IndianOil recruits bright and professionally qualified people for its executive cadre. It follows a mix of open and campus recruitment.

For open recruitment advertisements are published in leading national dailies. Interested candidates meeting IndianOil’s requirements can apply online. Applications are then scrutinised and checked for eligibility. The candidates meeting the criteria set by IndianOil are then called for a written test. Based on their performance in the written test, they are further called for group discussion/ group task and interview.

For campus recruitment, IndianOil visits the IITs, NITs and other reputed technical institutes of the country for recruiting final year engineering students, and prominent business management institutes for final year MBA students. It also recruits Chartered Accountants from various centres of the Institute of Chartered Accountants of India (ICAI).

A. Qualifications

1. The prescribed qualifications are a minimum of 65% marks in Engineering or Business Management from recognised institutes
2. Pass class as declared by the respective Institute for SC/ST/PH candidates in the qualifying Degree examination
3. Only full-time regular courses from recognised Indian universities/ institutes are considered
4. For Boiler Operation Engineers (BOEs), the requirement of minimum 65% marks in the qualifying Engineering Degree examination is not applicable

Engineering Disciplines: Bachelor’s Degree in Engineering /Technology from the following branches are generally considered:

1. Chemical, including Petrochemical/ Polymer Engineering
2. Mechanical [excluding Production/Industrial] Engineering
3. Electrical
4. Civil (Excluding Construction/ Structural)
5. Instrumentation & Control
6. Metallurgy
7. Computer Science
8. Fire Engineering.

Boiler Operation Engineer (BOE):

1. Bachelor’s Degree in Engineering/Technology in Electrical or Mechanical with Boiler Operation Engineer's Certificate (1st Class proficiency)
2. Minimum two years, post-BOE experience in the operation of large size thermal power plant having a coal/oil/gas fuelled boiler
3. Period of experience relaxed to ONE year for SC/ST candidates

Business Management

1. Master of Business Administration (MBA) or its equivalent 2-year Post-Graduate Diploma in Marketing and Finance
2. Master of Business Administration (MBA) or its equivalent 2-year Post-Graduate Diploma with specialisation in Personnel Management & Industrial Relations
3. Master of Business Administration (MBA) or its equivalent 2-year Post-Graduate Diploma in Human Resource/Master of Social Work

It may be noted that recruitment from all branches of Engineering or Business Management or BOE does not take place every year.

B. Age Limit

1. Not exceeding 26 years for Engineers/Graduate Apprentice Engineers (GAEs)/ Management Graduates (HR) and 28 years for BOEs as on 30th June of the year of joining IndianOil
2. Relaxation in upper age limit by 5 years is extended for SC/ST/Ex-Servicemen applicants, 3 years for OBC & 10 years for physically handicapped persons

C. Health
Pre-Employment Medical Guidelines
Prospective candidates seeking employment with IndianOil may please see the pre-employment medical guidelines and criteria for physical fitness. For details

Click here

D. Selection Process

1. For open recruitment, the selection methodology comprises - Written Test (objective type consisting of two parts - General Aptitude and Discipline Knowledge), Group Discussion / Group Task and Personal Interview for assessment of different facets of knowledge, skill, attitude and aptitude
2. Candidates will have to pass through each stage of the selection process successfully before being adjudged as suitable for final selection
3. Candidates applying for BOE discipline will not be required to appear in the written test

E. Execution of Service Bond

1. All the selected candidates, irrespective of open or campus recruitment, will have to execute a bond of Rs.1 Lakh (Rs.25,000/- for SC/ST/OBC & PH candidates) giving a commitment to serve the Corporation for a minimum period of three years from the date of joining

F. Concessions / Relaxations

• Reservation of posts for SC/ST/OBC (non-creamy layer) /PH (degree of disability 40% or above) as per Government directives
• Age relaxation by 5 years for SC/ST, 3 years for OBC and 10 years for PH candidates
• Age relaxation by 5 years for candidates domiciled in Jammu & Kashmir between 1.1.1980 and 31.12.1989
• Age relaxation by 5 years for Ex-servicemen & Commissioned Officers (including ECOs / SSCOs) subject to rendering minimum 5 years military service and fulfilment of other conditions prescribed by Government of India
• Exemption from payment of application fee for SC/ST and PH candidates.
• Minimum standard of 65% marks in the qualifying Degree Examination is relaxed to pass class for SC/ST/PH category candidates
• Reimbursement of 2nd Class rail fare by the shortest route, to outstation SC/ST & PH candidates provided the distance travelled is not less than 30 km. (Candidates opting for examination centre other than the centre nearest from mailing address are not to be paid TA.)

Remuneration Minimum CTC at Grade A (Entry Level)

Sr. No.	Remuneration Components	Unit / %	Rs.
1	Basic Pay *	p.m.	23000
		p.a.	276000
2	Dearness Allowance (IDA) (as on 1.7.09)	18.5%	51060
3	Perks & Allowances (Max. admissible upto 50% of BP)	50%	138000
4	House Rent Allowance (HRA) - for Metro	30%	82800
5	Superannuation benefits (upto max. of 30% of BP+DA) (includes PF, Gratuity, Post-retiral Medical & Pension)	30%	98118
6	Total CTC (in Rs.) - Metro city (Excluding Performance Related Pay)		645978
		Rs. in lac	6.50
7	Performance Related Payments	% age of BP	40%
	Supera(Max. admissible subject to conditions) **		110400
8	Total (in Rs.) - Metro city (6+7) (Including Performance Related Pay)		756378
		Rs. in lac	7.60
* Basic pay is provisional and under finalisation
** As per DPE guidelines of 26.11.08, Performance related pay (PRP) is to be linked to MOU rating, profit of the current year, incremental profit (i.e. increase in profit as compared to previous year), grade & individual performance of the officer. Upto 60% of the PRP will be given within the ceiling of 3% of Profit Before Tax (PBT) of current year, and 40% of PRP will come from 10% of incremental profit. The total PRP will however be limited to 5% of the year's PBT. The performance payment shown above has been computed on notional basis in the revised Pay assuming that Corporation has achieved 'Excellent' rating, the officer's performance is 'Outstanding', and profit of the year and incremental profit are sufficient to give full performance incentive.

Perks and Perquisites

• Car purchase advance immediately after induction training - Rs. 2.65 lakh (@ nominal interest of 2.5%)
• Computer and furniture at home (provided by Company)
• House-building advance after 5 years of service - Rs. 12 lakh (@ nominal 5% interest). Insurance coverage for house is also provided at nominal 0.5%
• Almost unlimited medical benefits and nomination facility at best of the hospitals across the country for self and dependents
• Opportunity to avail of full fee reimbursement (up to Rs. 3 lakh) for part-time MBA programme at best of the institutes in India
• Individual performance-based incentives
• Life-time medical care: Post-retirement medical benefits
• Holiday Homes facility during service & after retirement
• Nominated hotels facility on tours / leave

Apart from attractive scales and perks, IndianOil provides its employees many facilities and welfare measures, which are continuously upgraded. The medical facilities extended to the employees are rated amongst the best in the country. Apart from fully equipped hospitals at refinery townships, the Corporation has also nominated hospitals at various locations to meet employee needs. Holiday homes at select locations throughout the country help employees and their families unwind.