Indian Oil approves ₹2,448.70 crore for Kochi-Thoothukudi gas pipeline

0 min read | Published on 21 Sept 2026, 01:37 PM |Updated on 21 Sept 2026, 01:37 PM

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Naman SScanX News Team

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Key Highlights

Indian Oil Corporation Ltd board approved ₹2,448.70 crore investment for new gas pipeline
Project spans 424.65 km from Kochi to Thoothukudi with 6.84 MMSCMD capacity
Common carrier capacity allocated is at least 1.71 MMSCMD
Approval granted pursuant to Regulation 30 of SEBI (LODR) Regulations 2015

*this image is generated using AI for illustrative purposes only.

Indian Oil Corporation board approved an investment of ₹2,448.70 crore for the Kochi-Kanyakumari-Thoothukudi Natural Gas Pipeline project during its meeting on September 21, 2026.

The approval covers laying, building, and operating the pipeline under Regulation 30 of SEBI (LODR) Regulations 2015.

Project Specifications

The infrastructure project spans a total length of 424.65 km, connecting Kochi to Thoothukudi. The system is designed with a total capacity of 6.84 MMSCMD, including a dedicated common carrier capacity of at least 1.71 MMSCMD.

Metric	Details
Total Length	424.65 km
Route	Kochi to Thoothukudi
System Capacity	6.84 MMSCMD
Common Carrier Capacity	At least 1.71 MMSCMD
Estimated Cost	₹2,448.70 crore

Board Meeting Details

The Board of Directors commenced the meeting at 11:00 am and concluded at 1:15 pm. Kamal Kumar Gwalani, Company Secretary, confirmed the disclosure.

Historical Stock Returns for Indian Oil Corporation

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.01%	+1.41%	-0.57%	-7.59%	-6.88%	0.0%

How will the 1.71 MMSCMD common carrier capacity impact competition and pricing for industrial gas consumers in Tamil Nadu and Kerala?

What is the projected timeline for the pipeline's operational launch, and how might regulatory or environmental clearances affect this schedule?

Will this infrastructure development spur new downstream investments, such as gas-based power plants or fertilizer units, along the Kochi-Thoothukudi corridor?

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Indian Oil Corp accepts Dr. Alka Mundra resignation as independent director

1 min read | Published on 18 Sept 2026, 04:56 PM |Updated on 18 Sept 2026, 04:56 PM

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Ashish TScanX News Team

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Key Highlights

Indian Oil Corporation accepted Dr. Alka Mundra's resignation as independent director effective September 18, 2026
Resignation cites breach of SEBI LODR independence criteria due to son's retail dealership with the company
Dr. Mundra was not a member of any board committees and confirmed no other material reasons for leaving
Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015 to stock exchanges

*this image is generated using AI for illustrative purposes only.

Indian Oil Corporation has accepted the resignation of Dr. Alka Mundra as an independent director on its board. The change takes effect immediately from September 18, 2026.

Dr. Mundra resigned to uphold corporate governance standards under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. She identified a breach in independence criteria due to a pecuniary relationship involving her son.

Resignation Details

The company disclosed the development in a filing with the National Stock Exchange of India Limited and BSE Limited. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Dr. Mundra confirmed there are no other material reasons for her departure beyond those stated in her resignation letter. She was not a member of any board committees at Indian Oil Corporation.

Governance Rationale

In her resignation letter addressed to the Secretary of the Ministry of Petroleum & Natural Gas, Dr. Mundra explained the basis for her decision. Her son, Shri Madhav Mundra, operates a retail outlet dealership for Indian Oil in Udaipur, Rajasthan.

The dealership, named Swarn Ganga KSK, has been operational since 2020. Dr. Mundra noted that while her son conducts business independently without her intervention, the arrangement triggers Regulation 16(1)(b)(v)(D) of the SEBI (LODR) Regulations.

She stated that continuing in the role would be inappropriate given the high standards of corporate governance expected by the board. The resignation is voluntary and guided by considerations of propriety and transparency.

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