Latest news about Indian Oil Corporation
Indian Oil Corp Plans to Import Saudi Crude Through African Route, Says Company Executive
Indian Oil Corporation Confirms 45-Day Crude Supply Cover, Raises $500 Million via Special Forex Facility
Indian Oil Corporation
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More news about Indian Oil Corporation
29Jul 26
Indian Oil Corporation Q1 Results: Earnings call scheduled for Aug 1, 2026
Indian Oil Corporation has announced a conference call on 1st August 2026 at 12:00 PM IST to discuss Q1 FY2026-27 financial performance. The call, organised with Antique Stock Broking Limited, will feature Director (Finance) Mr. Anuj Jain, ED (Corporate Finance & Treasury) Mr. Nitin Kumar, and CGM (Treasury) Mr. Pramod Jain. Participants can join via universal access numbers (+91 22 6280 1342 / +91 22 7115 8243) or international toll-free lines available across multiple countries. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015.
17Jul 26
Indian Oil Corporation to Consider Q1 Results on July 31
Indian Oil Corporation has scheduled a board meeting on July 31 to consider its Q1 financial results. The announcement marks an important date for investors and market participants tracking the company's performance. No additional financial data or figures have been disclosed ahead of the scheduled meeting.
16Jul 26
Indian Oil Corporation outlines TDS norms for Rs 1.25 dividend
Indian Oil Corporation Ltd has fixed August 14, 2026, as the record date for a ₹1.25 per share final dividend for FY 2025-26. The company outlined TDS rules under the Income-tax Act, 2025, stipulating a 10% rate for residents with valid PAN and 20% for invalid PAN, with exemptions available for dividends under ₹10,000 or upon submitting Form 121. Non-residents face a 20% withholding rate unless DTAA benefits are claimed. All necessary documents must be submitted to KFin Technologies Limited by August 16, 2026, to avoid higher tax deductions.
07Jul 26
Indian Oil Corp Receives Approval to Double Ennore LNG Terminal's Regasification Capacity to 10 MTPA
Indian Oil Corporation has secured approval to expand the Ennore LNG terminal's regasification capacity from 5 million tonnes per annum to 10 million tonnes per annum, effectively doubling the facility's throughput. The development was reported by a newspaper and highlights a major infrastructure upgrade at one of India's key LNG import terminals. The expansion underscores Indian Oil Corporation's focus on scaling up its natural gas handling capabilities at the Ennore facility.
01Jul 26
IOC Sets Indane 19 KG Commercial LPG Cylinder Price at ₹2930 in Delhi from July 1
Indian Oil Corporation has set the price of its Indane 19 KG commercial LPG cylinder at ₹2930 in Delhi, effective July 1. The update covers the commercial LPG segment marketed under the Indane brand. No additional details regarding the scope or rationale of the pricing revision were included in the announcement.
01Jul 26
Indian Oil Corporation fixes Aug 14 record date for ₹1.25 dividend
Indian Oil Corporation has announced August 14, 2026, as the record date for a final dividend of ₹1.25 per share for FY 2025-26. The decision was taken by the Board on June 30, 2026, subject to shareholder approval.
20Jun 26
Indian Oil confirms no encumbrance on shares for FY26
Indian Oil Corporation Limited disclosed that the President of India, acting as promoter through the Ministry of Petroleum & Natural Gas, has not created any encumbrance on its shares during the year ended March 31, 2026. The filing was submitted to stock exchanges to comply with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
18Jun 26
Indian Oil Corporation Announces Tender to Charter VLGC for LPG Transport from Qatar, Kuwait, and UAE
Indian Oil Corporation has floated a tender to charter a Very Large Gas Carrier (VLGC) for LPG transportation from Qatar, Kuwait, and the UAE. The announcement highlights the company's efforts to secure dedicated shipping capacity for its LPG import requirements from key Middle Eastern supply hubs. No further financial or operational details were disclosed as part of the tender announcement.
06Jun 26
Indian Oil appoints Shri A. Amarnath as Government Nominee Director
Indian Oil Corporation Limited appointed Shri A. Amarnath (DIN-11690405) as Government Nominee Director on its Board effective June 5, 2026, pursuant to a Ministry of Petroleum and Natural Gas letter. An IFS officer of the 2006 batch, Shri Amarnath currently serves as OSD at the Joint Secretary level in the MoP&NG, focusing on energy diplomacy. The company confirmed he is not related to any other director and is not debarred from holding the position.
02Jun 26
Indian Oil Corporation senior management superannuates on May 31
Indian Oil Corporation Limited disclosed the superannuation of four senior management personnel, including the Country Head of LPG Business and Executive Directors for the Northern Region, Maharashtra State Office, and Corporate Vigilance. The retirements were effective May 31, 2026, and communicated to exchanges on June 1, 2026.
30May 26
Indian Oil to transfer unclaimed shares to IEPF Authority
Indian Oil Corporation Limited announced the transfer of shares to the IEPF Authority for dividends unclaimed for seven consecutive years, specifically for the final dividend of FY 2018-19. Shareholders must submit claims by July 31, 2026, to prevent the transfer scheduled for September 2, 2026.
26May 26
Indian Oil FY26 net profit rises to 368B rupees
Indian Oil Corporation reported a net profit of 368.02B rupees for FY26, with Q4 profit at 113.78B rupees. Revenue reached 8.86T rupees. The company achieved record crude throughput of 75.5 MMT and commissioned 909 retail outlets. Capex for FY26 was 324.05B rupees.
20May 26
Indian Oil Corporation Eyes 31 GW Renewable Energy by 2030, Sets ₹32,700 Crore FY27 Capex Target
Indian Oil Corporation has outlined a ₹32,700 crore capex plan for FY27, allocating ~₹5,000 crore to renewable energy and targeting 31 GW capacity by 2030 through Terra Clean Limited. The company targets ~75 MMTPA standalone refining throughput and ₹2,500 crore savings from Project Sprint, while flagging supply risks from U.S.-Iran tensions and Strait of Hormuz volatility affecting crude oil, LPG, and natural gas markets.
19May 26
Indian Oil Corp Refineries Running at Full Capacity; Targets 85 Million Tons Output in FY27
Indian Oil Corporation's refineries are operating at maximum capacity with crude oil inventory lasting over a month, as stated by a company executive. The company has expanded its LNG imports to include Nigeria, Oman, and Indonesia, broadening its international supply base. An executive has projected FY27 refinery output at 85 million tons and expects global refining margins to remain high for one to two years, citing geopolitical issues as the key factor.
19May 26
IOC Official: Gradual Fuel Price Hikes Aim to Control Inflation While Shielding Consumers
An Indian Oil Corporation official stated that gradual fuel price hikes are designed to control inflation while protecting consumers, with the recent price revision attributed to prevailing global conditions. The official expressed confidence in robust fuel demand through the summer months, dismissing concerns that the price increase would reduce consumption.
19May 26
Indian Oil Corporation Approves ₹1,063.60 Crore Joint Venture With M11 Energy Transition for Sustainable Aviation Fuel Project at Paradip
Indian Oil Corporation has received Board approval on 18th May 2026 to form a 50:50 Joint Venture with M11 Energy Transition Pvt. Ltd. for a 100 KTPA HEFA-based Sustainable Aviation Fuel project at Paradip, with an estimated cost of ₹1,063.60 crore (± 30%). The project requires regulatory clearances from NITI Aayog and DIPAM before becoming operational, and the disclosure was made in compliance with SEBI LODR Regulations, 2015.
19May 26
Indian Oil Corporation Schedules FY26 Audited Results; Confirms Full Utilization of Rs. 17,000.00 Crore NCD Proceeds
Indian Oil Corporation Limited has scheduled its FY26 audited standalone and consolidated financial results for May 18, 2026, under SEBI (LODR) Regulations 33 and 52. The company confirmed full utilization of Rs. 17,000.00 crore in NCD proceeds raised through private placement across seven issuances, with no deviation or variation in fund usage. The asset cover certificate reflects a NIL Report for both assets and liabilities, and all disclosures were submitted in compliance with applicable SEBI regulations.
15May 26
Indian Oil Corporation Records Rs. 27.67 Crore Block Trade on NSE at Rs. 135.64 Per Share
Indian Oil Corporation recorded a block trade on the NSE worth Rs. 27.67 crores, covering approximately 2,040,202 shares at Rs. 135.64 per share. The transaction reflects significant institutional-level activity in the stock. Block trades of this magnitude are typically executed to minimize market impact for large-volume participants.
14May 26
Indian Oil Corporation Schedules Q4 FY2025-26 Earnings Conference Call for May 19, 2026
Indian Oil Corporation Limited has disclosed, under Regulation 30 of SEBI (LODR) Regulations 2015, that it will host a conference call on Tuesday, 19th May 2026, at 3:00 PM IST to discuss Q4 FY2025-26 financial performance. The call, organised by Antique Stock Broking Limited, will feature senior management including the Director (Finance), ED (Corporate Finance & Treasury), and CGM (Treasury). Universal and international toll-free dial-in options are available for participants across 18 countries. The disclosure was filed by Company Secretary Kamal Kumar Gwalani on 14th May 2026.
04May 26
Indian Oil Corporation Board Meeting Scheduled on May 18, 2026 to Approve FY26 Audited Results and Consider Final Dividend
Indian Oil Corporation Limited has scheduled a board meeting on Monday, May 18, 2026, to consider and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The board may also deliberate on the declaration of a final dividend for financial year 2025-26. In line with the company's Insider Trading Code, the trading window for all 'Insiders' remains closed from April 1, 2026 to May 20, 2026. The intimation was filed with both NSE and BSE pursuant to Regulation 29(1) & (2) and 50(1) of the SEBI (LODR) Regulations, 2015.
27Apr 26
Indian Oil Corporation Announces Hydrocarbon Discovery in Libya Exploration Block
Indian Oil Corporation has announced a major hydrocarbon discovery in its Libya exploration block, where the company holds exploration rights. This significant find represents an important milestone in the oil major's international exploration activities and could strengthen its global energy portfolio while contributing to India's energy security objectives.
24Apr 26
Indian Oil Corporation Files Mandatory Debt Securities Disclosure for FY26 Under SEBI Regulations
Indian Oil Corporation Limited filed its mandatory SEBI Chapter XIV-B disclosure for debt securities issued through private placement for FY26. The disclosure covers seven ISIN codes listed between 2019 and 2025 on NSE and BSE, with recent issues showing significantly higher quantities of 250000 units compared to earlier securities ranging from 15000 to 30000 units.
17Apr 26
PNGRB Approves IOC's 425 Km Kochi-Kanyakumari-Thoothukudi Natural Gas Pipeline Project
PNGRB has approved Indian Oil Corporation's proposal to construct a 425-kilometer natural gas pipeline connecting Kochi, Kanyakumari, and Thoothukudi with a capacity of 6.84 MMSCMD. The project represents a significant infrastructure development for natural gas distribution in southern India and will enhance energy accessibility across the region.
09Apr 26
Indian Oil Corporation to Start Green Hydrogen Production at Panipat Plant by December 2027
Indian Oil Corporation's Chairman has announced that green hydrogen production will begin at the company's Panipat plant by December 2027. This initiative marks a significant milestone in the company's clean energy expansion and positions it as a key player in India's green hydrogen sector. The Panipat facility will serve as a crucial production hub, supporting India's transition towards sustainable energy solutions.
09Apr 26
Indian Oil Corporation Chairman Announces New Sustainable Aviation Fuel Production Projects
Indian Oil Corporation's Chairman announced plans to set up new projects for sustainable aviation fuel production. This initiative represents the company's strategic move toward green energy solutions and sustainable fuel alternatives. The announcement positions Indian Oil as a key player in India's sustainable fuel market while supporting the aviation industry's transition to cleaner energy sources.
09Apr 26
Indian Oil Projects India's Jet Fuel Demand to Exceed 20 Million Tonnes by 2040
Indian Oil Corporation's Chairman projects India's jet fuel demand will surge from the current 8 million tonnes to over 20 million tonnes by 2040. This forecast indicates more than a doubling of consumption, reflecting anticipated robust growth in India's aviation sector and increasing air travel demand over the next decade and a half.
02Apr 26
Indian Oil Corporation Submits SEBI Compliance Certificate for Q4 FY26
Indian Oil Corporation Limited submitted its quarterly compliance certificate to NSE and BSE for the quarter ended March 31, 2026. The certificate, issued by registrar KFin Technologies Limited, confirms compliance with SEBI Regulation 74(5) regarding depositories and participants regulations. The documentation verifies proper processing of dematerialization requests, with all securities confirmed/rejected within prescribed timelines and depository names substituted in member registers within 15 days.
02Apr 26
Oil Marketing Companies Face Combined ATF Losses of ₹384 Billion Despite 8.5% Price Hike: Nomura
Nomura analysis shows oil marketing companies continue losing ₹64/litre on ATF sales despite 8.5% price hike to ₹1,04,927/kL. Indian Oil Corporation faces highest projected annual losses of ₹236 billion, followed by BPCL at ₹95 billion and HPCL at ₹53 billion. Despite substantial absolute losses totaling ₹384 billion, ATF represents only 2-6% of total volumes for these companies.
02Apr 26
Indian Oil Corporation Achieves Record FY26 Performance with 104.4 MMT Sales
Indian Oil Corporation delivered exceptional FY26 operational performance with record consolidated sales of 104.4 MMT representing 4% growth from previous year's 100.3 MMT. The company achieved highest-ever crude throughput of 75.4 MMT with 99.5% operational reliability and record pipeline throughput of 105.3 MMT, while commissioning 909 retail outlets and achieving strong growth across lubes, petrochemicals, and gas business segments.
01Apr 26
Indian Oil Corporation announces directorate change as Dr. Alok Sharma superannuates
Indian Oil Corporation Limited announced that Dr. Alok Sharma, Director (Research & Development) with DIN-10453982, superannuated from company services on 31st March 2026 and ceased to be a Director effective 1st April 2026. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations 2015 to both NSE and BSE. This represents a routine directorate transition following the executive's superannuation from the Maharatna company.
01Apr 26
Indian Oil Corporation Announces Superannuation of Three Executive Directors Effective March 31, 2026
Indian Oil Corporation Limited announced the superannuation of three Executive Directors effective March 31, 2026, under SEBI Regulation 30 disclosure requirements. The departing executives include Mr. M Annadurai (Executive Director & State Head, Tamil Nadu), Mr. Arvind Acharya (Executive Director PAG, Corporate Office), and Ms. Piyali Chakraborty (Executive Director-I/c HR, Refineries Headquarters). The announcement was formally communicated to NSE and BSE by Company Secretary Kamal Kumar Gwalani on April 1, 2026.
28Mar 26
Indian Oil Corporation Announces Cessation of Three Independent Directors
Indian Oil Corporation Limited disclosed cessation of three Independent Directors effective 28th March 2026 under SEBI Regulation 30 compliance. The departing directors are Shri Prasenjit Biswas, Shri Krishnan Sadagopan, and Dr. Dattatreya Rao Sirpurker, all completing their tenure. The Maharatna company formally notified NSE and BSE about these directorate changes through Company Secretary Kamal Kumar Gwalani.
24Mar 26
Goldman Sachs Downgrades Indian Oil Corporation to Sell Rating with Rs 110 Target Price
Goldman Sachs has downgraded Indian Oil Corporation to Sell with a Rs 110 target price, citing weakening risk-reward dynamics. Rising crude oil prices are hurting marketing margins due to limited fuel price pass-through capabilities, creating pressure on the company's earnings outlook and prompting the rating revision.
23Mar 26
Indian Oil Marketing Companies Face $1.5 Billion Monthly Losses at $107 Brent Crude: Morgan Stanley
Morgan Stanley analysis shows Indian oil marketing companies including Indian Oil Corporation face monthly losses of $1.5 billion at $107 Brent crude due to elevated procurement costs and Russian oil premiums. Companies can absorb losses for 45 days using $8/barrel EBITDA buffer, but sustained pressure may require government intervention through excise cuts or price hikes post-elections. Each month reduces FY27 book value by 3-5% despite partial price hikes covering 12-15% demand.
17Mar 26
Kotak Institutional Equities Cuts Indian Oil Corporation Target Price to ₹100, Maintains Sell Rating
Kotak Institutional Equities has reiterated its Sell rating on Indian Oil Corporation while cutting the target price from ₹125 to ₹100. The revision reflects higher oil price assumptions of $85 for FY27 and $75 for FY28, geopolitical risks in West Asia and Strait of Hormuz, and operational challenges including lack of retail pricing freedom forcing absorption of higher costs. LPG shortages are limiting fuel price hikes while weakening earnings erode marketing margin buffers, with potential LPG storage capex requirements ahead.
16Mar 26
HSBC Downgrades Indian Oil Corporation to Hold, Cuts Target Price to ₹150
HSBC has downgraded Indian Oil Corporation to Hold and cut its target price to ₹150 from ₹200, citing concerns over higher crude oil prices around $75 per barrel. The brokerage expects these elevated crude prices to cause marketing losses for oil marketing companies, leading to sharp earnings cuts and multiple compression across the OMC sector.
11Mar 26
Fitch Ratings Reports Reduced Financial Buffers for Indian Oil Marketing Companies and GAIL Due to Iran Impact
Fitch Ratings has reported that Indian oil marketing companies and GAIL are experiencing reduced financial buffers due to ongoing Iran-related impacts. The assessment highlights potential challenges for India's energy sector companies in maintaining financial resilience amid geopolitical pressures affecting their operations and international relationships.
10Mar 26
Indian Oil Corporation Maintains Maximum Refinery Capacity with Uninterrupted Fuel Exports
Indian Oil Corporation has reported maximum capacity operations across its refineries while maintaining uninterrupted fuel exports. The company demonstrates strong operational efficiency with peak capacity utilization and seamless export operations, highlighting its ability to balance domestic production with international market commitments.
07Mar 26
Indian Oil Secures Oil Cargoes From Yanbu, No Plans For Fuel Price Hike Currently
Indian Oil Corporation has secured oil cargoes from Yanbu while maintaining its current stance of no fuel price hikes. This strategic procurement from the Saudi Arabian terminal strengthens the company's supply chain diversification efforts. The decision to keep fuel prices stable provides market certainty and consumer relief amid ongoing global oil market volatility.
06Mar 26
Indian Oil Corporation Assures No Petrol and Diesel Shortages, Urges Calm at Fuel Stations
Indian Oil Corporation has clarified that there are no shortages of petrol and diesel, addressing market concerns about fuel availability. The company has urged drivers to avoid panic buying and not overcrowd fuel stations to maintain normal operations and efficient service delivery.
06Mar 26
Indian Oil Corporation Declares Second Interim Dividend of ₹2.00 Per Share for FY26
Indian Oil Corporation's board approved second interim dividend of ₹2.00 per share for FY26, payable by April 5, 2026. The company issued detailed TDS guidelines with exemptions for dividends below ₹10,000 and specific provisions for non-resident shareholders under DTAA.
05Mar 26
Indian Oil Corporation Accelerates Russian Crude Oil Procurement Operations
Indian Oil Corporation has accelerated its Russian crude oil procurement, expanding sourcing to include cargoes from ships near Indian waters. This development reflects the company's active engagement with Russian suppliers and comprehensive approach to securing energy resources through available supply channels.
01Mar 26
Indian Oil Corporation Announces Superannuation of Two Executive Directors Effective February 28, 2026
Indian Oil Corporation Limited disclosed the superannuation of two Executive Directors effective February 28, 2026, under SEBI regulatory compliance. Mr. Pitamber Tripathy (Executive Director I/c, Western Region Office) and Mr. Saurabh Dutt (Executive Director I/c, CC & Branding, Corporate Office) retired from their senior management positions. The disclosure was made on March 1, 2026, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
26Feb 26
IOC: Will Discuss Second Interim Dividend On March 6
Indian Oil Corporation has announced a board meeting on March 6, 2026, to deliberate on the second interim dividend declaration for FY2026. The company has implemented trading window closure for insiders from February 27, which will reopen 48 hours after the meeting, ensuring compliance with SEBI regulations.
05Feb 26
Indian Oil Corporation Q3FY26 Results: Net Profit Jumps 59% to ₹121B, EBITDA Rises 43%
Indian Oil Corporation reported outstanding Q3FY26 standalone financial results with net profit surging 59% quarter-on-quarter to ₹12,125.86 crore and revenue growing 14% to ₹2,31,769.04 crore. The company demonstrated strong operational efficiency with domestic product sales increasing 13.85% to 26.015 MMT and refineries throughput rising 10.32% to 19.427 MMT, positioning it favorably in the energy sector.
02Feb 26
Indian Oil Corporation schedules conference call for February 6, 2026 to discuss Q3FY26 results
Indian Oil Corporation Limited has scheduled a conference call for February 6, 2026 at 11:30 AM IST to discuss Q3FY26 financial results. The call, hosted by Antique Stock Broking Limited, will feature senior management including Director (Finance) Mr. Anuj Jain and other key finance executives. The company has provided comprehensive access details including universal dial-in numbers and international toll-free numbers across multiple countries, ensuring global investor participation in compliance with SEBI regulations.
01Feb 26
Indian Oil Corporation Announces Superannuation of Six Senior Management Personnel
Indian Oil Corporation Limited announced the superannuation of six senior management personnel effective January 31, 2026, in compliance with SEBI Regulation 30. The retiring executives held key positions including Executive Directors for Human Resources, Quality Control, Operations, Regional Services, and Refinery Head at Haldia Refinery. The disclosure was formally communicated to stock exchanges on February 1, 2026, representing a significant leadership transition across the company's operational divisions.
29Jan 26
Indian Oil Corporation Signs Letter of Intent with Akasa Air for Sustainable Aviation Fuel Supply
Indian Oil Corporation Ltd signed a Letter of Intent with Akasa Air at Wings India 2026 to explore Sustainable Aviation Fuel supply, establishing a collaboration framework to support the airline's sustainability goals. The agreement focuses on evaluating SAF supply volumes, delivery locations, timelines, and approved sustainable feedstocks, with SAF identified as critical for reducing aviation emissions and achieving net-zero targets in the sector.
28Jan 26
IOC Executive Projects India's Diesel Demand to Grow 2-3% and Gasoline Demand to Rise 5-6% by 2030
Indian Oil Corporation executive projects India's diesel demand to increase by 2-3% and gasoline demand to rise by 5-6% by 2030. The forecasts indicate stronger growth expected in gasoline consumption compared to diesel, reflecting evolving patterns in India's fuel market and transportation sector development.
28Jan 26
IOC Executive Outlines Plan to Export 4-5 Million Tons of Diesel Annually from 2027
Indian Oil Corporation executives have announced plans to significantly expand bunkering operations in India, targeting annual diesel exports of 4-5 million tons starting from 2027. This strategic initiative represents a major expansion of the company's maritime fuel supply business and positions IOC to capitalize on growing regional demand for marine bunker fuel.
23Jan 26
Indian Oil Corporation Shares Fall 2.05% to ₹155.79 Amid Mixed Financial Performance
Indian Oil Corporation shares fell 2.05% to ₹155.79 on January 23, 2026. The company reported mixed financial performance with annual net profit declining 71.10% from ₹41,615 crores in March 2024 to ₹12,028 crores in March 2025. However, quarterly results showed improvement with September 2025 quarter reporting ₹7,479 crores profit versus a loss in the same period last year. The board will meet on February 5, 2026, for Q3 results, and the company has announced dividend distributions.
22Jan 26
IOC Chairman Says Ample Crude Supply Keeping Oil Prices Stable Despite Geopolitical Tensions
Indian Oil Corporation Chairman A S Sahney stated at Davos 2026 that global crude supplies remain ample despite geopolitical tensions, keeping prices stable around $60 per barrel. The company is managing decent refining margins and implementing efficiency improvements to counter currency depreciation impacts. Government has provided ₹30,000 crore LPG subsidy support with clear payment visibility through October 2026. IOC is expanding into clean energy with major projects including a 10,000 tonnes green hydrogen plant at Panipat expected by December 2027.
16Jan 26
Indian Oil Corporation Board Meeting Scheduled for February 5, 2026 to Consider Q3FY26 Financial Results
Indian Oil Corporation has scheduled its board meeting for February 5, 2026, to consider and approve standalone and consolidated unaudited financial results for Q3FY26 (quarter ended December 31, 2025). The company announced this development on January 16, 2026, in compliance with SEBI regulations. The trading window for company securities remains closed for all insiders from January 1, 2026, until February 7, 2026, as part of regulatory compliance measures.
14Jan 26
Indian Oil Corporation Confirms Unconventional Oil Discovery in Abu Dhabi Block
Indian Oil Corporation has confirmed a major unconventional oil discovery in Abu Dhabi's Onshore Block 1 through its joint venture UBPL. Two exploratory wells have successfully produced light crude oil from different formations, with the XN-76 well marking the first discovery in the Shilaif play and XN79-02S representing the first oil find in the Habshan reservoir. The company expressed optimism about establishing economic viability and continues developing the existing Ruwais field while evaluating additional prospects within the concession area.
14Jan 26
Indian Oil Corporation Announces Oil Discoveries in Abu Dhabi's Onshore Block 1
Indian Oil Corporation Limited announced major oil discoveries in Abu Dhabi's Onshore Block 1 through its joint venture with Bharat PetroResources Limited. The discoveries include the first oil find in the unconventional Shilaif play (well XN-76) and the first discovery in the Habshan reservoir (well XN-79 02S), both producing light crude oil. Operating through their 50:50 Special Purpose Vehicle Urja Bharat Pte Limited, the companies are advancing appraisal phases and developing the existing Ruwais field while exploring additional prospects.
10Jan 26
Indian Oil Corporation Promotes 19 Officials to Executive Director Positions
Indian Oil Corporation Limited announced the promotion of 19 officials to Executive Director positions on January 10th, 2026. The appointments span Corporate Office, Refineries HQ, Marketing Head Office, R&D Centre, and various state offices, covering critical functions like Health & Safety, Employee Relations, Projects, Operations, Corporate Finance, and Internal Audit. The company has informed stock exchanges in compliance with SEBI regulations.
06Jan 26
IndianOil Executive Director (Petrochemicals) Transitions to CPCL Board Position
Indian Oil Corporation Limited announced that Shri S G Venkatesh, Executive Director (Petrochemicals) from the Business Development Group, ceased to be Senior Management Personnel on January 5, 2026. This change occurred following his appointment as Director (Technical) on the Board of Chennai Petroleum Corporation Limited, a subsidiary of Indian Oil Corporation. The company disclosed this information under SEBI Regulation 30 requirements for senior management changes.
01Jan 26
Indian Oil Hikes 19-Kg Commercial LPG Cylinder Price By ₹111.50
Indian Oil Corporation increased 19-kg commercial LPG cylinder prices by ₹111.50 effective January 1, 2026, with Delhi rates rising to ₹1,691.50. Despite this sharp monthly increase, current prices remain ₹112.50 below January 2025 levels. The revision impacts restaurants and hotels' operating margins while domestic LPG prices stayed unchanged. This marks the 13th price adjustment since January 2025, reflecting ongoing monthly revisions based on market benchmarks.
25Dec 25
India crosses 1 lakh petrol pumps milestone, doubles since 2015 and ranks third globally
India's petrol pump network has crossed 100,000 outlets, reaching 100,266 by November 2024, doubling since 2015. This places India as the world's third-largest network after the US and China. State-owned retailers dominate with over 90% market share, led by Indian Oil Corporation with 41,664 outlets. Private sector participation has grown to 9.3%, with Nayara Energy leading among private retailers. The expansion has focused on rural areas, now accounting for 29% of total pumps. Modern outlets offer diverse services including alternative fuels and EV charging.
12Dec 25
IOC Sets December 18 Record Date for ₹5 Interim Dividend with TDS Guidelines
Indian Oil Corporation has declared an interim dividend of ₹5 per share for FY26 with December 18, 2025 as record date. The company issued detailed TDS guidelines covering tax rates for different shareholder categories and document submission requirements by December 17, 2025.
01Dec 25
Indian Oil Corporation's Executive Director-Finance Retires
Shri Subrata Chaudhuri, Executive Director-Finance at Indian Oil Corporation Limited's (IOCL) Refineries Headquarters, has superannuated from service on November 30, 2025. This retirement marks a significant change in IOCL's senior management, as Chaudhuri's position was one level below the Board of Directors. While specific succession plans were not disclosed, this change may potentially impact the financial strategies and operations of IOCL's refineries division.
30Oct 25
Indian Oil Seeks 24 Million Barrels from Americas Amid Russian Supply Uncertainty
Indian Oil Corporation (IOC) has issued a tender for 24 million barrels of oil from the Americas for Q1 2026 delivery. This move comes as Indian refiners pause new Russian oil orders due to recent U.S. sanctions on Moscow's top oil producers. The tender appears to be a strategic effort to assess market interest and potentially secure alternative supplies, indicating a possible diversification strategy to reduce dependence on Russian oil. India has been the largest importer of seaborne Russian crude since 2022, but recent sanctions have complicated this arrangement.
29Oct 25
IOC Unveils Ambitious Expansion Plans with INR 33,494 Crore CAPEX for FY25-26, Shares Hit 52-Week High
Indian Oil Corporation (IOC) has announced significant expansion plans for its refinery and petrochemical operations. The company expects new refinery expansions to reach 60% utilization in the first year and over 80% in the second year. Petrochemical projects aim for 60%, 80%, and 100% utilization over three years, with a target IRR of 11%. IOC plans a CAPEX of INR 33,494 crores for FY25-26, with annual CAPEX estimated between INR 30,000-40,000 crores. The company reported a consolidated net profit of Rs 7,817.55 crore in Q2, reversing previous losses, with total income rising 4% year-on-year to Rs 2.07 lakh crore. IOC achieved an integrated margin of $12.6 per barrel, a two-year high, while marketing volumes grew 5% year-on-year.
29Oct 25
Indian Oil Corporation Plans Joint Venture with Vitol for Oil Trading Operations
Indian Oil Corporation (IOC) plans to establish a joint venture with global energy trader Vitol, focusing on oil trading operations. This strategic partnership aims to enhance IOC's presence in the international oil trading market. The collaboration is expected to leverage Vitol's global trading experience, potentially improving IOC's trading strategies, risk management, and market intelligence. While specific details of the joint venture are not yet disclosed, this move could strengthen IOC's competitive position in the global oil trading arena.
29Oct 25
Indian Oil Q2 Results: Strong Earnings Growth Despite Missing Estimates
Indian Oil Corporation's Q2 results show a significant year-on-year improvement, with adjusted PAT soaring 4128.10% to ₹7,600.00 crore. EBITDA grew 286.60% to ₹14,600.00 crore, and revenue increased 2.28% to ₹180,402.00 crore. Operating profit margin expanded to 8.15%. Despite impressive growth, the company missed analysts' estimates due to lower-than-expected refining margins and marketing volumes.
28Oct 25
IOC Plans ₹20,000 Crore Clean Energy Investment, Expects Growth in H2
Indian Oil Corporation (IOC) plans to invest ₹20,000 crore in clean energy initiatives this fiscal year. The company will receive ₹14,400 crore in LPG compensations starting November, disbursed in 12 monthly installments. IOC's Q2 FY 2025-26 financial results show strong performance with a net profit of ₹7,610.45 crore, a 33.8% increase from the previous quarter. The company anticipates growth in performance for Q3 and Q4, supported by clean energy investments and LPG compensation.
27Oct 25
IOC Sets ₹8.5-9 Lakh Crore Revenue Target by FY27, Reduces Russian Oil Processing
Indian Oil Corporation (IOC) has announced revenue targets of ₹8.5-9 lakh crore and EBITDA targets of ₹32-35 thousand crore by FY27, supported by a ₹1.1 lakh crore capex plan. The company reduced Russian oil processing to 19% in the September quarter from 24% in the June quarter. IOC is seeking clear guidance on Russian oil imports and may consider U.S. oil purchases if profitable. The company emphasizes purchasing crude based on best returns and has scheduled an Analyst Meet for August 28 to present Q2 results.
27Oct 25
Indian Oil Corporation Appoints Four Statutory Auditors for 2025-26
Indian Oil Corporation Limited (IOCL) has reappointed four statutory auditors for the financial year 2025-26, as approved by the Office of the Comptroller and Auditor General of India. The reappointed firms are K G Somani & Co. LLP (New Delhi), Khandelwal Jain & Co. (Mumbai), Komandoor & Co. LLP (Kolkata), and MKPS & Associates (Kolkata). The decision was noted by IOCL's Board of Directors during a meeting on October 27, 2025.
27Oct 25
Indian Oil Corporation Reports Strong Q2 Performance with ₹7,610 Crore Net Profit
Indian Oil Corporation (IOC) has reported exceptional financial results for Q2 FY2026. Net profit soared by 4,127% to ₹7,610.45 crore, compared to ₹180.01 crore in Q2 FY2025. Revenue from operations increased by 4% to ₹2,02,992.34 crore. The company's half-year net profit reached ₹13,299.05 crore, with an improved average gross refining margin of $6.32 per barrel. IOC will receive ₹14,486 crore as compensation for LPG under-recoveries, to be disbursed in monthly installments starting November 2025. The results significantly exceeded market expectations, with factors such as enhanced refining margins and reduced under-recoveries in LPG sales contributing to the performance.
24Oct 25
Indian Oil Corporation Secures Rs 1,102.91 Crore Tax Relief in Income Tax Appeal
Indian Oil Corporation Limited (IOCL) has received partial relief in an income tax dispute for the Assessment Year 2016-17. The Commissioner of Income-tax (Appeals) has allowed IOCL's appeal, reducing its tax liability by Rs 1,102.91 crores out of the original disputed amount of Rs 1,194.07 crores. The remaining disputed amount of Rs 91.16 crores will be contested before the Income-tax Appellate Tribunal. This decision significantly reduces IOCL's tax burden and may positively impact its financial position.
15Oct 25
Indian Oil Corporation in Talks to Acquire 50% Stake in Fourth Partner Energy
Indian Oil Corporation (IOC) is reportedly negotiating to acquire a 50% stake in Fourth Partner Energy, a distributed solar energy solutions company. This potential partnership aligns with IOC's strategy to diversify its energy portfolio and expand into the renewable energy sector. The acquisition could provide IOC with expertise in solar energy solutions and enhance its sustainability initiatives. While financial details are undisclosed, IOC's strong credit ratings suggest it has the financial stability to support such strategic investments.
14Oct 25
S&P Assigns 'BBB' Investment Grade Rating to Indian Oil Corporation
Indian Oil Corporation (IOC) has been assigned a 'BBB' credit rating with a stable outlook by S&P Global Ratings. This investment-grade rating indicates IOC's adequate capacity to meet financial obligations and suggests a solid financial position. The stable outlook implies S&P expects IOC to maintain its current financial and operational performance. This rating underscores IOC's financial stability and may boost market confidence, particularly significant given the challenges in the global oil and gas industry.
03Oct 25
Indian Oil Corporation Appoints Saumitra Priya Srivastava as Director (Marketing)
Indian Oil Corporation Limited has announced the appointment of Shri Saumitra Priya Srivastava as the new Director (Marketing), effective October 3, 2025. Srivastava, with over 30 years of experience in the Oil and Gas industry, holds a Civil Engineering degree from IIT Roorkee and an MBA from SP Jain Institute. He has previously led the Corporate Strategy Group and played a key role in various transformative projects at IndianOil. Srivastava also holds directorships in several group companies, including IndianOil (Mauritius) Limited and IndianOil Petronas Private Limited.
26Sept 25
Indian Oil Corporation Unveils 'SPRINT' Strategy to Drive Future Growth
Indian Oil Corporation (IOC) has launched a strategic transformation initiative called 'SPRINT' during an analyst and investor meet. The six-pronged approach focuses on strengthening core businesses, cost optimization, customer centricity, technology integration, leadership nurturing, and transition readiness. IOC reported a revenue of ₹8.50 trillion and operates over 40,000 retail outlets with an 81 MMT refining capacity. Early results show a 50% increase in retail outlet commissioning, 5% improvement in refinery energy efficiency, and 8% growth in auto lubricants. The company aims to maintain its position as India's largest refining player while expanding into petrochemicals and green energy sectors. A follow-up meeting with analysts is scheduled for September 30.
24Sept 25
DGTR Imposes Anti-Dumping Duties on MEG Imports: Potential Impact on Indian Oil Corporation
The Directorate General of Trade Remedies (DGTR) has imposed anti-dumping duties on Monoethylene Glycol (MEG) imports from Kuwait, Saudi Arabia, and Singapore. This decision could affect Indian Oil Corporation Limited (IOCL), a leading Indian oil and gas company. The impact may include potential benefits for IOCL's domestic MEG production, possible increases in raw material costs if IOCL imports MEG, and changes in market dynamics. IOCL has announced an upcoming meeting with analysts and investors on September 26, 2025, in Mumbai, which may provide insights into the company's strategy regarding these market changes.
10Sept 25
IRCTC: Ministry Approves Additional Charge for Director Catering Services
The Ministry has approved an additional charge assignment for the Director Catering Services position at IRCTC. This development could lead to enhanced oversight, potential service improvements, and streamlined operations in IRCTC's catering division. The move is significant for the company's catering operations, which are a crucial part of IRCTC's services in the Indian railway sector.
08Sept 25
Indian Oil Unveils Ambitious 25% Refining Capacity Expansion Plan
Indian Oil Corporation (IOC), India's largest oil refiner and retailer, plans to increase its refining capacity by 25% in the coming year. This expansion aims to strengthen IOC's position in the oil processing sector and meet India's growing energy demands. The move is expected to boost production, enhance market position, contribute to energy security, and create economic opportunities. While specific details are yet to be disclosed, the expansion reflects IOC's proactive approach to addressing the rising demand for refined petroleum products in India.
05Sept 25
Indian Oil Corporation Schedules Analyst Meet and Considers Second Interim Dividend
Indian Oil Corporation (IOC) has scheduled an Analyst Meet for June 3, 2025, and released an investor handout. The company's Board will meet on March 16, 2021, to consider a second interim dividend for FY 2020-21. IOC has set March 24, 2021, as the record date for dividend eligibility. The trading window for insiders will be closed from March 11 to March 18, 2021. IOC, India's largest refiner with 11 refineries and 80.8 MMTPA capacity, is expanding its Panipat Refinery and integrating Gujarat Refinery. The company is also diversifying into renewable energy sectors and has filed 1,809 patents.
30Aug 25
Indian Oil Corporation Unveils Massive Rs 1.66 Lakh Crore Investment Plan for Expansion
Indian Oil Corporation (IOC) has announced a Rs 1.66 lakh crore investment plan over the next five years. The plan includes increasing crude oil refining capacity to 98.4 million tonnes by 2028, expanding the pipeline network to 22,000 km, and growing petrochemicals capacity to over 13 million tonnes by 2030. IOC will also enhance its retail network with EV chargers and CNG/LNG outlets. Additionally, the company is investing Rs 2.5 lakh crore in energy transition initiatives, aiming for net-zero operational emissions by 2046.
27Aug 25
IOC Set to Become ADNOC's Largest LNG Buyer with 2.2 MTPA Deal from 2029
Indian Oil Corporation (IOC) has signed a significant agreement with Abu Dhabi National Oil Company (ADNOC) to purchase 2.2 million tonnes per annum of LNG, making IOC ADNOC's largest LNG buyer. The long-term partnership is set to begin in 2029, marking a strategic move for IOC to secure a stable LNG supply and diversify its energy sources. This deal aligns with India's growing energy needs and its shift towards cleaner fuel options.
19Aug 25
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.
15Aug 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.
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