Inter State Oil Carrier Limited has reported strong operational performance for February 2026, demonstrating significant growth in cargo handling volumes while securing a major long-term contract. The company's monthly business update, released on March 9, 2026, highlights substantial improvements in operational metrics and strategic business developments.

Volume Performance Analysis

The company handled 27.74 thousand MTs of volume in February 2026, showcasing robust operational capacity. This performance reflects both sequential and year-over-year growth trends that underscore the company's expanding market presence.

Historical Volume Trends

The company's volume handling data reveals consistent operational performance with notable growth trajectory over the past year. Monthly volumes have shown steady improvement from the February 2025 baseline of 17.47 thousand MTs.

Strategic Contract Award

Inter State Oil Carrier Limited has secured a significant 5-year LPG movement contract from Bharat Petroleum Corporation Limited. This strategic partnership involves the deployment of 5 tank trucks for LPG transportation operations.

The contract value remains undetermined as it will depend on actual movement and operational factors during the tenure. This arrangement provides the company with long-term revenue visibility while strengthening its relationship with a major oil marketing company.

Regulatory Compliance

The monthly business update was released in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and the Procedures of Fair Disclosure of Unpublished Price Sensitive Information under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015. The information provided is based on limited review by the management and serves to keep stakeholders informed about key business developments.

Inter State Oil Carrier Limited has submitted a clarification to BSE Limited regarding inadvertent errors in its Related Party Transaction approval documents. The correction pertains to financial year periods mentioned in annexures attached to the original submission made on February 10, 2026.

Error Identification and Correction

The company identified discrepancies in the financial year periods mentioned across multiple annexures in its Board Meeting outcome and Regulation 30 announcement. The errors were found in Annexure B, C, and D of the original submission related to Related Party Transaction approvals under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Specific Corrections Made

The company has provided detailed corrections for the erroneous entries:

The corrections align the agreement tenure with the standard financial year format typically followed by Indian companies.

Regulatory Compliance

The clarification was submitted under Regulation 30 of SEBI LODR Regulations, demonstrating the company's commitment to accurate regulatory reporting. Company Secretary and Compliance Officer Rashmi Sharma (Membership No. A34765) signed the clarification document on February 16, 2026.

Corporate Communication

The formal communication was addressed to BSE Limited's Listing Department, referencing the company's scrip code 530259. Inter State Oil Carrier Limited maintains its registered office at Poddar Point, Park Street, Kolkata, and operates under CIN L15142WB1984PLC037472.