IndianOil Petronas

What IndianOil Petronas does

IndianOil Petronas Private Limited (IPPL) is a 50-50 joint venture between IndianOil Corporation Limited (India) and PETRONAS (Malaysia), established in 1997 and headquartered in Kolkata. The company operates as an integrated LPG energy infrastructure and parallel marketing business, handling approximately 33% of India's LPG imports through two fully refrigerated terminals - Haldia (40,162 MT capacity) in West Bengal and Ennore (30,600 MT capacity) in Tamil Nadu - with combined storage of 70,762 MT. Its core business spans LPG terminalling and safekeeping services for PSU oil companies, parallel marketing of LPG, Propane, and Butane to industrial and commercial customers, automated LPG bottling (210 TMTPA capacity producing ~2.4 million cylinders per month), and Auto LPG retailing through 55 ALDS stations across Tamil Nadu, Karnataka, Telangana, and West Bengal.

The technology stack centers on physical infrastructure: fully refrigerated storage at -42°C, NABL-accredited laboratory for quality assurance, online blending systems with vapour pressure analysis, PESO/OISD-compliant fire detection and protection, electronic carousel bottling for 2kg-425kg cylinders, and MapmyIndia-integrated Vehicle Tracking Systems. Revenue is generated through multiple transaction-based streams: terminalling service fees, parallel LPG/propane/butane sales to industrial anchors (Jindal Stainless, Unilever, P&G, Godrej), commercial packed LPG cylinders under the PROPEL brand, auto LPG retail, and emerging petrol/diesel retail in North-Eastern India. Distribution combines direct B2B sales (with named regional contacts across PAN India, Chennai, and Bangalore), a PROPEL distributor network, ALDS dealer/franchise program, and long-term reticulation agreements for piped LPG supply. The company holds ICRA 'GOOD' TQM rating, has won consecutive Golden Peacock HSE Awards, and operates with no disclosed public funding or external capital raises.

Name

IndianOil Petronas

Legal name

INDIANOIL PETRONAS PRIVATE LIMITED

Website

https://indpet.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

IndianOil Petronas Private Limited (IPPL) is a 50-50 joint venture between IndianOil and PETRONAS operating refrigerated LPG terminalling infrastructure and parallel LPG/Propane/Butane marketing across Eastern and Southern India, handling 33% of India's LPG imports.

Ownership category

akta.pro rank

Product category

LPG Terminalling and Marketing Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum Bulk Stations and Terminals (42471), Petroleum and Petroleum Products Merchant Wholesalers (4247)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)

akta.pro secondary industries

NGL/LPG Storage & Fractionation Terminals (TLAGAKAE), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)

Keywords

• LPG terminalling services
• LPG marketing and distribution
• LPG bottling services
• Auto LPG dispensing stations
• Bulk hydrocarbon supply

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. LPG Terminalling Services: Provides terminalling and safekeeping services for LPG, Propane, and Butane to PSU Oil companies. Receives LPG cargoes from international vessels, maintains large-scale refrigerated storage, and facilitates bulk dispatch to Oil PSUs across Eastern and Southern India.
2. LPG Bottling: Operates state-of-the-art LPG bottling plant with three electronic carousels supplying approximately 2.4 million cylinders per month to various customers in Eastern India. Fills cylinders ranging from 2 Kg to 425 Kg.
3. Parallel Marketing of LPG/Propane/Butane: Functions as a parallel marketer supplying high-quality LPG, Propane, and Butane to industrial and commercial consumers, including Propane for steel rolling, ceramics, glass annealing, heat treatment, and paint shops.
4. Auto LPG Retailing: Operates 55 Auto LPG Dispensing Stations (ALDS) across Tamil Nadu, Karnataka, Telangana, and West Bengal selling Auto LPG to three- and four-wheelers. Also offers ALDS dealership opportunities.
5. Petrol and Diesel Retail: Bringing world-class retail outlets to Assam, Arunachal Pradesh, and Meghalaya with modern retail stations offering BS-VI compliant fuels.
6. Commercial Packed LPG (Propel LP Gas): Markets packed LPG cylinders in 21 kg, 33 kg, and 425 kg capacities under the Propel LP Gas brand through distributor network in Southern States and West Bengal.
7. Reticulation System: Provides piped LPG/Propane distribution through sophisticated reticulated gas system to customer premises with long-term agreements and pricing structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

IndianOil Petronas Private Limited (IPPL) is a 50:50 joint venture between Indian Oil Corporation and PETRONAS that operates two business divisions: (1) a Terminalling & Logistics division providing refrigerated LPG storage, handling, and safekeeping at Haldia (40,162 MT) and Ennore (30,600 MT) terminals, accounting for ~33% of India's LPG imports; and (2) a Parallel Marketing division distributing LPG, Propane, Butane, Automotive LPG, Aerosol Grade LPG, PROPEL LP Gas (commercial packed cylinders), and Petrol/Diesel through 55 Auto LPG Dispensing Stations, distributor networks, retail outlets, and an automated 210 TMTPA bottling plant.

Product overview

IPPL operates as an integrated LPG energy solutions provider with two primary business lines: terminalling/logistics infrastructure (LPG terminals in Haldia and Ennore with 70,762 MT combined storage capacity) and parallel marketing of LPG products. The terminalling division handles import/export, storage, and distribution of LPG, Propane, and Butane for PSU oil companies. The marketing division offers a portfolio of branded products including Propel LP Gas (commercial packed cylinders in 21/33/425 kg sizes), Automotive LPG through 55 ALDS stations, Aerosol Grade LPG for industrial manufacturers, Reticulation Systems for piped delivery, and Petrol/Diesel through retail outlets. The bottling operation at Haldia fills ~2.4 million cylinders monthly across all weight classes. The product ecosystem is unified by shared infrastructure (Haldia and Ennore terminals), common safety and quality standards (PESO, NABL-accredited lab), and distribution networks serving industrial, commercial, and retail customers across Eastern and Southern India.

Differentiator

Problem solved

Functional benefit

Products and services

• Terminalling & Safekeeping

Quantifiable outcome

• Handles 33% of India's LPG imports
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Five partnerships are on record, tiered minor and core.

• IndianOil Corporation Limited (IOCL) - Lubricants DivisionminorStrategic or Co-development Partner · 14 June 2026Strategic MoU for supply of high-performance lubricants; signed by Mr. Bankim Behari Patra (Country Head, Lubes, IOCL) and Mr. Pankaj Kumar (CEO, IPPL); combines IOCL's manufacturing excellence with IPPL's distribution network
• Protean e-Gov Technologies LimitedminorStrategic or Co-development Partner · 28 November 2025Vidyasarthi scholarship platform provider; jointly developed with Tata Institute of Social Sciences (TISS); enables transparent, efficient, and fully digital scholarship process for underprivileged students
• Tata Institute of Social Sciences (TISS)minorStrategic or Co-development Partner · 28 November 2025Academic partner for Vidyasarthi scholarship program; premier institution supported by UGC and Ministry of Education; provides academic rigor and social impact expertise
• IndianOil Corporation Limited (IOCL)coreStrategic or Co-development Partner · 1 January 1997Joint venture partner and Fortune 500 energy leader; IPPL is 50% owned by IndianOil; provides access to India's domestic energy market distribution network and PSU oil company relationships
• PETRONAS (Malaysia)coreStrategic or Co-development Partner · 1 January 1997Joint venture partner and Fortune 500 energy company from Malaysia; provides international sourcing capabilities and global energy expertise; IPPL is 50% owned by PETRONAS

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Confidence Petroleum: Indian LPG bottling and distribution company with parallel marketing operations. Comparable in LPG cylinder distribution, auto LPG, and industrial LPG supply across India.
• SHV Energy (Supergas): Global LPG distribution major with India operations (Supergas). Directly comparable in LPG cylinder distribution, auto LPG, and industrial/commercial customer segments.
• Aegis Logistics: Indian company providing LPG terminalling, storage, and bottling services with similar terminal infrastructure and parallel marketing operations. Directly comparable in LPG import logistics and value-chain participation.

Broad incumbents

• GAIL (India): India's largest natural gas company with LPG and petrochemical operations. Comparable in midstream gas infrastructure and energy marketing, though with broader LNG and pipeline focus.
• Reliance Industries (Oil-to-Chemicals): India's largest private sector petroleum refiner with potential LPG production and downstream operations. Comparable in LPG value chain participation, though at vastly larger scale.
• Hindustan Petroleum (HPCL): Indian PSU oil company with LPG import, terminal, and bottling operations comparable to IPPL's core business. Also one of the PSU customers likely using IPPL's terminalling services.
• IndianOil Corporation: IPPL's 50% parent and India's largest oil PSU; operates nationwide LPG bottling, distribution, and import infrastructure. Comparable in LPG product portfolio and customer base, with broader downstream operations.
• Bharat Petroleum (BPCL): Major Indian PSU oil company with large-scale LPG import, terminalling, bottling, and distribution operations. Overlaps significantly with IPPL's terminalling customers and parallel marketing segment.

Emerging players

• Adani Total Gas: Indian gas distribution company primarily in CNG and PNG with adjacent LPG exposure. Comparable as a parallel energy distribution operator, though with different product emphasis.

Regional players

• Petronet LNG: India's largest LNG import and regasification company, related to IPPL's parent PETRONAS. Comparable in hydrocarbon import infrastructure and gas-based energy supply, though focused on LNG rather than LPG.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/I_IPPL
• LinkedInlinkedin.com/company/indianoil-petronas-private-limited

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IndianOil Petronas