Indian Oil Corporation Limited (IOCL), the Maharatna PSU, shall recruit engineers as officers or engineers through the Graduate Aptitude Test in Engineering (GATE) 2020 in chemical (CH), civil (CE), electrical (EE) , mechanical (ME).
IOCL recruitment through GATE 2020 regarding notification has been published, albeit a short one with a few details. However it is made clear that the online applications will go live at iocl.com no sooner than IITD releases the admit card of GATE exam, that is on January 3, 2020.
Only the current GATE exam scores shall be used; scores of GATE 2019 or prior ones will not be considered valid.
Although the short notification does not mention free form. However it is relevant to note that since 2010, India’s flagship oil and gas major has been using GATE scores for recruitment of engineers, and never has IOCL charged any application fee from applicants.
Thus it can be safely said that no fees is to be borne by the candidates, for the IOCL application form will be free of cost.
Every year IOCL publishes a detailed information brochure of sorts, as the advertisement for recruitment through GATE. It elaborates the eligible disciplines, age limit, remuneration, nature of job, educational qualification, selection process, service bond, how to apply.
For this year’s recruitment it will be available in January. The notification available right now says that candidates will have to apply with their GATE 2020 registration numbers. The complete process of applying will be online, and hard copy of the form will be required during selection.
Indian Oil, rather its software, will then in turn fetch the candidate’s score in GATE 2020 against their entered registration number once result of the exam is out. The corporation will shortlist candidates on the basis of their scores. There will be group discussion (GD), group task (GT), and personal interview thereafter.
The final merit will be on the basis of GATE 2020 score, and scores of GD, GT, PI.
The candidates joining IOCL as officers or engineers are remunerated with a starting basic pay of Rs. 60,000 per month, wherein the gross value of remuneration to the company will be Rs 17 lakhs per annum inclusive of performance related pay (PRP); this was the salary offered last time. It is interesting to point out that back in the year 2010, the basic pay was Rs 23,000 per month.
Further, shortlisted candidates will need to execute a bond of Rs 3 lakhs (Rs 50,000 for SC, ST, OBC (NCL), PwD category) against three years of service from the date of joining IOCL.
With a turnover of over Rs 6,05,924 crores, and a net profit of Rs 16,894 crores, Indian Oil Corporation Limited, India’s flagship oil and gas major, owns and operates one of the Asia’s largest networks of refineries, pipelines and marketing infrastructure, while holding some of the most trusted super-brands including Indane and SERVO.