Indian Oil Corporation Paradip Refinery processed a record 16.35 million metric tonnes (MMT) of crude oil in FY26, reinforcing its status as a critical energy hub for eastern India. The facility, which has cumulatively attracted ₹43,359 crore in investments, contributed ₹30,392 crore to the government exchequer in the same fiscal year while supporting over 12,500 livelihoods. This operational peak coincides with the near-completion of its 1.2 million metric tonnes per annum (MMTPA) Purified Terephthalic Acid (PTA) unit and planned expansions into sustainable aviation fuel and textiles.

Operational Milestones and Infrastructure

The record throughput in FY26 was driven by enhanced processing capabilities following the commissioning of key infrastructure upgrades. These include the Standby Sulphur Recovery Unit-III (SRU-III) and the New Hydrogen Generation Unit (NHGU), which improved both efficiency and safety standards. Kausik Basu, Executive Director & Refinery Head of Paradip Refinery, stated that these developments reaffirm the commitment to building a world-class integrated refinery and petrochemical hub. The 1.2 MMTPA PTA unit, part of the larger Paraxylene-Purified Terephthalic Acid (PX-PTA) project, is nearing completion, marking a significant step in the refinery’s petrochemical expansion strategy.

Investment Breakdown and Future Projects

The cumulative investment of ₹43,359 crore encompasses existing refinery units, polypropylene, and mono ethylene glycol (MEG) plants. IndianOil is advancing further strategic initiatives through joint ventures to diversify its portfolio beyond traditional refining. The following table details the allocation across major assets:

Beyond existing operations, IndianOil is developing two major joint ventures. A ₹4,382 crore investment is planned for the Bhadrak Textile Park through a joint venture with MCPI Private Limited to bolster Odisha’s textile sector. Simultaneously, a ₹1,064 crore project for Hydroprocessed Esters and Fatty Acids (HEFA)-based Sustainable Aviation Fuel (SAF) is being developed with M11 Energy Transition Pvt. Ltd.

Economic and Social Impact

The Paradip Refinery’s economic footprint extends significantly beyond direct operations. In FY26, it contributed ₹30,392 crore to state and central exchequers through duties, taxes, and levies. The facility directly and indirectly supports 12,500 individuals, including skilled workers, contractors, and supply chain partners. From FY14-15 to FY25-26, the refinery spent ₹56.71 crore on Corporate Social Responsibility (CSR) and Corporate Environment Responsibility (CER) initiatives, focusing on education, healthcare, rural development, and support for orphanages and old age homes.

Recognition for Safety and Environment

Paradip Refinery received multiple awards in FY25-26 for its operational standards, including the Kalinga Safety Excellence Award, Kalinga Environment Excellence Award, National Safety Council of India (NSCI) Safety Award, and Green Champions Award. These recognitions highlight the refinery’s adherence to stringent safety protocols and environmental stewardship as it scales up production under the Government of India's Aatmanirbhar Bharat initiative.

Indian Oil Corporation has intimated stock exchanges of a conference call scheduled for Saturday, 1st August 2026, at 12:00 PM IST, to discuss the company's financial performance for Q1 FY2026-27. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call is being organised in association with Antique Stock Broking Limited.

Management Representatives

The management team participating in the earnings call will include senior officials from the company's finance and treasury functions. The following representatives are confirmed to attend:

• Mr. Anuj Jain – Director (Finance)
• Mr. Nitin Kumar – ED (Corporate Finance & Treasury)
• Mr. Pramod Jain – CGM (Treasury)

Conference Call Details

Participants can join the call using the dial-in details provided below.

International toll-free access is available across multiple countries, including the USA (18667462133), UK (08081011573), Singapore (8001012045), Australia (0080014243444), Germany (0080014243444), Japan (00531161110), China (4008428405), Hong Kong (800964448), and several others.

Enquiries

For any enquiries regarding the conference call, participants may contact Mr. Varatharajan Sivasankaran at Antique Stock Broking Limited via telephone at +91 22 6911 3425 or by email at varatharajan.s@antiquelimited.com . The intimation was signed by Kamal Kumar Gwalani, Company Secretary, Indian Oil Corporation Limited, on 29th July 2026.