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Indian Oil Corporation Limited, together with its subsidiaries, engages in the refining, pipeline transportation, and marketing of petroleum products in India. It operates through Refineries, Pipelines and Marketing segments. The company refines crude oil into petroleum products comprising liquefied petroleum gas (LPG), naphtha, kerosene oil/aviation turbine fuel, superior kerosene oil, high speed diesel (HSD)/motor spirit/high octane blending component (MS/HOC), low sulphur heavy stock (LSHS)/furnace oil heavy stock (FOHS), bitumen, lube oils and others. The company was incorporated in 1959 and is based in New Delhi, India.