Explanation:

Space has been ensured for its storage in Patna and Barauni in Bihar.

Indian Oil Corporation Limited (IOCL), d/b/a IndianOil, is an Indian government oil and gas corporation. It is under the ownership of Ministry of Petroleum and Natural Gas , Government of India headquartered in New Delhi. It is the largest commercial oil company in the country, with a net profit of ?19,106 crore (US$2.848 billion) for the financial year 2016–17. It is ranked 1st in Fortune India 500 list for year 2016 and 117th in Fortune Global 500 list of world's largest companies in the year 2019. As of 31 March 2017 IndianOil's employee strength is 33,135, out of which 16,545 are in the officer cadre. It is India's largest downstream oil company, a turnover of ?5,06,428 crore and a net profit of ?21,346 crore in 2017–18.