Bangalore: Regardless of economic stagnation, State-run oil firms are on a recruiting spree. Oil companies like Indian Oil Corporation (IOC) and the Hindustan Petroleum Corporation (HPCL) are intending to hire 1,000 new executives in the year 2012. According to the Economic Times, the state-run firms are planning to recruit candidates from institutions like Symbiosis Pune, XLRI Jamshedpur, FMS Delhi and from the IITs. "We may recruit about 500 employees in the executive cadre in 2012-13. Some recruitment, say about 150, may take place in the non-executive cadre also," said Indian Oil Corporation .It is reported that the state-run refining and marketing organizations will soon visit several management schools for employment. Recently state-run giants such as Coal India and Bhel have also hired candidates from IIMs. In spite of recession in 2009, IOC had hired from IIMs; however, many young managers quit these government firms choosing the tempting offers from the private sector. This year the company promises to carry on the hiring activity from the other institutes as well like the International Management Institute (IMI), New Delhi; Institute of Management Technology (IMT), Ghaziabad; and Symbiosis Institute of Business Management (SIBM), Pune etc. The company (IOC) recruited 567 applicants for the executive position in FY 11-12. Furthermore, due to the government's price controls the oil corporations are hassling; however, these firms take credits in non-financial conduct parameters. During the recent years, all H R-associated hints like value added per employee, refinery, pipelines and marketing throughput have demonstrated a considerable growth. This can be taken as a replacement for high employee confidence. Corporates like HPCL promises to recruit 300 employees in 2012-13, "LPG, retail, operations and distribution and project and pipelines will see maximum induction," said HPCL.