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IndianOil and Air India Forge Partnership for Sustainable Aviation Fuel Supply

Indian Oil Corporation and Air India have signed a Memorandum of Understanding for the supply of Sustainable Aviation Fuel (SAF). IndianOil, the first Indian company to receive ISCC CORSIA certification for SAF production, will provide SAF from its Panipat Refinery. The partnership aims to promote low-carbon fuels in aviation, support global decarbonization goals, and help Air India achieve its IATA Net Zero by 2050 target. The collaboration focuses on supplying SAF for international flights to meet CORSIA targets and potentially exceed them.

18Aug 25

Indian Oil Corp Plans 340 Billion Rupees Capital Expenditure for FY26, Continues Russian Oil Purchases

Indian Oil Corporation (IOC) has announced a capital expenditure plan of 340 billion rupees for FY26. The company will continue purchasing Russian oil based on economic considerations. In the June quarter, IOC processed 24% of its oil from Russia, benefiting from discounts of about $1.50 per barrel below benchmark prices. An IOC executive forecasts that the Ennore LNG terminal will operate at 31-32% capacity.

14Aug 25

Indian Oil Corporation Reports Strong Q1 FY2026 Results, Maintains Russian Oil Imports

Indian Oil Corporation (IOCL) announced robust Q1 FY2026 results with a Profit After Tax of Rs 7,265 crore and EBITDA of Rs 14,746 crore. The company achieved a refinery throughput of 18.7 MMT with 107.1% capacity utilization. IOCL continues to import Russian oil, which comprised 22-23% of its crude processing in Q1. An analyst meet is scheduled for August 18, 2025, to discuss performance and future outlook.

14Aug 25

Indian Oil Net Profit More Than Doubles to Rs 5,689 Crore on Strong Marketing Margins

Indian Oil Corporation (IOC) reported a net profit of Rs 5,689.00 crore for the June quarter, more than doubling from Rs 2,643.00 crore in the same period last year. Revenue from operations grew 1% to Rs 218,608.00 crore. The company achieved record quarterly sales volume of 26.32 million metric tonnes, up 4.2% year-on-year. Despite improved performance, IOC faced inventory losses of Rs 6,465.00 crore and a decline in gross refining margin to $2.15 per barrel from $6.39 last year. The company maintained a 107% average capacity utilization at refineries and saw a 40.3% jump in institutional diesel sales.

12Aug 25

IndianOil Schedules Q1 FY2026 Earnings Conference Call for August 18

Indian Oil Corporation Limited (IndianOil) will host a conference call on August 18, 2025, at 11:00 am IST to discuss its Q1 FY2025-26 financial results. Key management participants include the Director (Finance) and several CGMs from Finance and Treasury departments. The call, hosted by Antique Stock Broking Limited, offers multiple access options including universal access numbers for India and international toll-free numbers for various countries. This announcement complies with SEBI regulations, demonstrating IndianOil's commitment to transparency.

01Aug 25

Indian Oil Corporation Halts Russian Crude Purchases from Spot Market

Indian Oil Corporation (IOC), India's largest oil refiner, has stopped purchasing Russian crude oil from the spot market. This strategic shift in crude sourcing could lead to diversification of IOC's oil sources, potential changes in procurement costs, and adjustments to its supply chain and refining operations. The decision comes amid a complex global oil market scenario influenced by geopolitical tensions and international sanctions.

18Jul 25

EU Sanctions Hit Indian Oil Corporation's Rosneft Refinery

The European Union has sanctioned Indian Oil Corporation's (IOC) largest Rosneft refinery as part of broader measures potentially targeting Russian-linked assets globally. The specific reasons and impact of these sanctions on IOC's operations are currently unclear. This development raises questions about potential effects on India's energy sector and its relationships with Russian and European entities.

12Jun 25

Indian Oil Corporation Sees Significant Block Trade on NSE

A significant block trade of approximately 3,646,387 shares of Indian Oil Corporation Ltd. (IOC) occurred on the National Stock Exchange (NSE). The shares were traded at Rs. 141.92 each, totaling Rs. 51.75 crores. While the parties involved remain undisclosed, this large-scale transaction has drawn market attention due to its potential to influence short-term stock movements and possibly signal shifts in institutional holdings.

12Jun 25

Indian Oil Corporation Cancels ₹3,000 Crore Bond Issue Despite Strong Demand

Indian Oil Corporation (IOC) has cancelled its ₹3,000 crore bond issue despite receiving bids totaling ₹9,830.00 crore. The company aims to secure better pricing in the future, anticipating improved market conditions due to recent RBI monetary policy actions, including a policy rate cut and CRR reduction. These measures are expected to lead to improved liquidity and lower interest rates in the banking system.

01Jun 25

Indian Oil Corporation Unveils Plans for India's Largest Green Hydrogen Project

Indian Oil Corporation (IOC) has announced plans to establish a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery in Haryana. The project, set to be commissioned by December 2027, aims to replace fossil-derived hydrogen in refinery operations, significantly reducing carbon emissions. This initiative positions IOC as a leader in India's green hydrogen revolution and marks a major step towards sustainable energy solutions in the country's oil and gas sector.

30May 25

Indian Oil Corp to Establish India's Largest Green Hydrogen Project in Panipat

Indian Oil Corporation (IOC) plans to establish a 10,000 tonnes per annum green hydrogen unit at its Panipat facility, set to be India's largest such project. The initiative, scheduled for commissioning by December 2027, aligns with India's focus on renewable energy and reduced carbon emissions. This strategic move positions IOC as a potential leader in the green hydrogen sector, contributing to energy security and technological advancement in the country.

20May 25

Oil Ministry Hints at Potential Fuel Price Reduction, IOC in Focus

The Oil Ministry has indicated favorable conditions for reducing fuel prices, according to ETNOW. This development could bring relief to consumers and impact Indian Oil Corporation (IOC), a major state-owned oil marketing company. A potential price cut could benefit consumers, moderate inflation, and stimulate economic activity. Factors influencing this decision include global crude oil prices, exchange rates, domestic market dynamics, and government policies.

02May 25

Indian Oil Corp to Boost Russian Oil Processing, Sets ₹33,500 Crore Capex for FY26

Indian Oil Corporation plans to increase Russian oil processing from 14% to 25-26% by FY26. The company has also announced a capital expenditure of ₹33,500 crore for FY26, indicating significant expansion and modernization plans.

02May 25

Indian Oil Corp Secures $1.3-$1.4 Billion LNG Import Deal with Trafigura Amid Senior Management Changes

Indian Oil Corporation (IOC) has signed a long-term agreement with Trafigura to import 2.5 million tonnes of LNG over five years, valued at $1.30-1.40 billion, starting from the second half of 2025. Concurrently, IOC announced the retirement of three senior executives below the Board level, effective April 30, 2025, including key figures from Engineering & Projects, State Operations, and Pipeline Division.

01May 25

Indian Oil Corporation Reports 50% Surge in Q4 Profit, Declares ₹3 Final Dividend

Indian Oil Corporation (IOC) posted a 50% year-on-year increase in standalone net profit for Q4 FY25, reaching ₹7,264.85 crore. Revenue slightly decreased to ₹2,17,725.44 crore. The company's gross refining margins were $7.85 per barrel, with refineries throughput at 18.5 million tonnes. Market sales rose to 24.601 million tonnes, with FY25 sales exceeding 100 million tonnes for the first time. IOC announced a final dividend of ₹3 per equity share. The company's balance sheet shows total assets of ₹4,80,000.34 crore and a net worth of ₹1,78,676.86 crore.

30Apr 25

Indian Oil Corporation Signs $1.4 Billion LNG Deal, Reports Mixed Financial Results

Indian Oil Corporation Limited (IOCL) reported a 68% decline in FY25 consolidated net profit to ₹13,507.84 crore, despite a 52.47% increase in Q4 FY25 profit. The company signed a five-year LNG supply contract with Trafigura worth $1.4 billion. Revenue from operations decreased to ₹8,59,362.73 crore in FY25. The petroleum products segment saw a 68.19% profit decline, while the gas segment grew by 171.24%. IOCL announced a final dividend of ₹3.00 per equity share for FY 2024-25.

30Apr 25

Indian Oil Corp Shifts Strategy: Boosts Spot Crude Purchases and Expands LNG Imports

Indian Oil Corporation (IOC) announces major changes in its operations and growth strategy. The company plans to increase spot market crude oil purchases to 45% by FY2026, signed a $1.3-$1.4 billion LNG import deal with Trafigura for 2.5 million tonnes annually, and aims to invest up to 1 trillion rupees in petrochemical capacity expansion by 2030. IOC has halted negotiations for Russian oil term imports. Despite a decline in net profit to 13,507.84 crore rupees in FY 2024-25, the company recommended a final dividend of 3.00 rupees per equity share.

30Apr 25

Indian Oil Corporation Boosts Renewable Energy Portfolio and Announces Final Dividend for FY25

Indian Oil Corporation (IOC) has approved an additional equity investment of Rs 1,086 crore in its subsidiary, Terra Clean Ltd, to develop 4.30 GW of renewable energy projects. This brings IOC's total investment in Terra Clean to Rs 2,389.75 crore for 5.30 GW capacity. The company also declared a final dividend of Rs 3 per share for FY2025, totaling Rs 4,236.40 crore.

30Apr 25

Indian Oil Corporation: Q4 FY2025 Profit Soars 152%, Declares Dividend with Significant GRM Increase

Indian Oil Corporation (IOC) announced strong Q4 FY2025 results with net profit soaring 152% quarter-on-quarter to ₹7,265.00 crore. Revenue slightly increased to ₹221,360.24 crore. Gross Refining Margin (GRM) rose significantly to $8.00 per barrel, exceeding market estimates. EBITDA improved to ₹16,547.84 crore with a 7.48% margin. The company declared a dividend of ₹3.00 per equity share for FY2024-25.

29Apr 25

IOCL Braces for Challenging Q4 FY25 Results Amid Margin Pressures

Indian Oil Corporation Limited (IOCL) is expected to report a significant downturn in its Q4 FY25 results on April 30. Analysts project a 42% year-over-year decrease in EBITDA due to weaker marketing margins, LPG under-recoveries, and pressure on refining spreads. The company anticipates a 2% decline in refining throughput, with continued weakness in the petrochemical segment and negative impacts on marketing from slipping petrol and diesel margins.

28Apr 25

Indian Oil Corporation to Announce Q4 Results on April 30, Schedules Earnings Call for May 2

Indian Oil Corporation Limited (IOCL) will release its Q4 and FY2024-25 results on April 30, 2025, followed by an analyst conference call on May 2, 2025. The board may recommend a dividend. The company has closed the trading window for insiders from April 1 to May 2, 2025. Key management members will participate in the earnings call, which is accessible through various dial-in options.

08Apr 25

Indian Oil Corp Signs MoU with Odisha for Dual Feed Cracker, Signaling Major Petrochemical Expansion

Indian Oil Corporation (IOC) has signed an initial agreement with the Odisha government to construct a dual feed cracker, marking a significant expansion of its petrochemical operations in eastern India. The project aims to boost IOC's production capacity, contribute to regional development, and diversify its product portfolio. Separately, Dr. (Prof.) Ram Naresh Singh has completed his term as an Independent Director, effective April 8, 2025.

03Apr 25

Indian Oil Corp to Expand Gujarat Refinery Capacity, Shutting Down Crude Unit for Upgrades

Indian Oil Corporation (IOC) plans to expand its Gujarat refinery, temporarily shutting down a 3.00 MTPA crude unit from mid-April to July. The expansion will increase the unit's capacity to 7.30 MTPA, contributing to an overall refinery capacity boost from 13.70 MTPA to 18.00 MTPA. This strategic move aims to strengthen IOC's position in India's growing energy market.

21Feb 25

Indian Oil Corporation Anticipates LPG Subsidy Relief from Government

Indian Oil Corporation (IOC) has expressed strong optimism about potential government subsidy relief for liquefied petroleum gas (LPG). This development could significantly impact IOC's financial outlook and LPG pricing strategies. The anticipated subsidy relief may help IOC manage LPG pricing and distribution costs more effectively, potentially stabilizing LPG prices for consumers, particularly benefiting lower-income households. This move underscores the government's involvement in balancing market forces with social welfare in the energy sector.

20Feb 25

Indian Oil Corp Sets Ambitious Green Goals: SAF Production and 30 GW Renewable Capacity by 2030

Indian Oil Corporation Ltd. (IOCL) announces major sustainability efforts including sustainable aviation fuel production starting June-July 2023, aiming for 30 GW renewable energy capacity by 2030, and investing ₹1.5 lakh crore in green initiatives and petrochemicals. The company targets net-zero emissions by 2046 and plans to meet India's 5% SAF blending goal by 2030.