Indian Oil Corporation Limited (IOCL), the country’s largest oil firm, has launched Project SPRINT, a strategic initiative aimed at making the company future-ready amid the evolving global energy landscape. The initiative focuses on strengthening core businesses while embracing innovation and sustainability.
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SPRINT stands for:
- Strengthening core businesses (oil refining, petrochemicals, and fuel marketing)
- Propelling cost optimization to boost profitability
- Reinforcing customer-centricity
- Integrating technology and innovation
- Nurturing leadership and talent
- Transitioning towards cleaner energy
Under the leadership of Chairman Arvindar Singh Sahney, Project SPRINT seeks to ensure Indian Oil remains relevant in a world shifting away from fossil fuels. “This transformation will make Indian Oil a smarter, more agile company ready to lead the future,” the firm stated.
Oil Minister Hardeep Singh Puri hailed the project, emphasizing its role in strengthening India’s energy security. “IndianOil’s Project SPRINT reflects a decisive shift towards building a modern and resilient company,” he said.
With a refining capacity of 80.8 million tonnes across 10 refineries, Indian Oil accounts for nearly a third of India’s total refining capacity. It also operates 39,651 petrol pumps, nearly half of the country’s LPG distributors, and 129 aviation fuel stations.
As the backbone of India’s fuel supply, Indian Oil is also driving the nation’s energy transition, expanding into renewables, lithium-ion batteries, and emerging energy solutions. Through Project SPRINT, the company aims to accelerate growth, modernize operations, and ensure a sustainable future.
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