Indian Oil Corporation Limited confirmed that the President of India, represented through the Ministry of Petroleum & Natural Gas, has not created any encumbrance on its shares during the year ended March 31, 2026. This disclosure, submitted in compliance with regulatory norms, clarifies the status of the promoter's holding for the specified financial period.

The confirmation was communicated to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on shares of listed companies where they hold a significant stake.

The filing, signed by Company Secretary Kamal Kumar Gwalani, was dispatched on April 9, 2026. It serves as a formal record for the exchanges and investors regarding the status of the promoter's shareholding for the financial year ending March 31, 2026.

Indian Oil Corporation has announced a tender to charter a Very Large Gas Carrier (VLGC) for the transportation of Liquefied Petroleum Gas (LPG) from Qatar, Kuwait, and the United Arab Emirates. The tender signals the company's intent to secure dedicated maritime shipping capacity to support its LPG import operations from major Gulf-based supply sources.

Tender Details

The key parameters of the announced tender are outlined below:

Strategic Significance

The chartering of a VLGC underscores Indian Oil Corporation's focus on maintaining a reliable and efficient supply chain for LPG imports from the Middle East. Qatar, Kuwait, and the UAE are among the prominent LPG-exporting nations in the Gulf region, making them critical sourcing points for India's energy requirements. By floating this tender, the company aims to ensure adequate shipping arrangements to meet its import commitments from these origins.