Indian Oil Corporation share news, announcements and annual reports
NSE: IOCBSE: 530965Petroleum ProductsLarge Cap
Indian Oil Corporation Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 1995 on BSE, Jul 1996 on NSE
Last close ₹130.15down ₹0.26 (0.20%)BSE ₹130.00
Share price at the NSE close on 30 Oct 2026. Previous close ₹130.41.
30 Oct: open ₹130.00, high ₹130.15, low ₹128.12
52-week range of traded prices to 30 Oct 2026
₹124.92Low, 14 Oct 2026₹188.96High, 27 Feb 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,83,788 Cr41st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 3.89
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.79
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 6.34%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 22.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.58
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,12,67,76853.6% delivered
Indian Oil Corporation disputes and clarifications
45 filed, newest first.
Nov 2023
8 Nov · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to announcement dated 13-Oct-2023, regarding Equity investment in IndianOil NTPC Green Energy Private Limited, Joint Venture (JVC) of IndianQil. On basis of above the Company is required to clarify following: 1. Purpose of entering into the agreement; 2. Shareholding, if any, in the entity with whom the agreement is executed; 3. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; 4. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 5. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arms length; 6. In case of issuance of shares to the parties, details of issue price, class of shares issued; 7. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc; The response of the Company is awaited.
Sep 2023
6 Sep · Legal
Exchange has sought clarification from Indian Oil Corporation Limited for the quarter ended 30-Jun-2023 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial results not signed by authorized signatory/ies The response of the Company is awaited.
May 2023
19 May · Legal
Exchange has sought clarification from Indian Oil Corporation Limited for the quarter ended 31-Mar-2023 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial results not signed by authorized signatory/ies The response of the Company is awaited.
Oct 2021
5 Oct · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to announcement dated 30-Sep-2021, regarding appointment of Auditors of the company. On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment)The response of the Company is awaited.
Jun 2020
4 Jun · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to announcement dated 03-Jun-2020, regarding " Indian Oil Corporation Limited has informed the Exchange regarding Credit Rating". On basis of above the Company is required to clarify following: 1. In case of downward rating, the disclosure may include reasons published by rating agency for such downward rating.The response of the Company is awaited.
Nov 2019
15 Nov · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to announcement dated 22-Oct-2019, regarding Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015-Issue of Unsecured Debentures (Series-XIV) on Private Placement basis. On basis of above the Company was required to clarify following: 1. Whether proposed to be listed? If yes, name of the stock exchange(s); 2. Tenure of the instrument - date of allotment and date of maturity; 3. Coupon/interest offered, schedule of payment of coupon/interest and principal; 4. Charge/security, if any, created over the assets; 5. Special right/interest/privileges attached to the instrument and changes thereof; 6. Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any. The response of the Company is attached.7 Nov · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to announcement dated 22-Oct-2019, regarding Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015-Issue of Unsecured Debentures (Series-XIV) on Private Placement basis. On basis of above the Company is required to clarify following: 1. Whether proposed to be listed? If yes, name of the stock exchange(s);2. Tenure of the instrument - date of allotment and date of maturity;3. Coupon/interest offered, schedule of payment of coupon/interest and principal;4. Charge/security, if any, created over the assets;5. Special right/interest/privileges attached to the instrument and changes thereof;6. Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any.The response of the Company is awaited.
Feb 2019
Jul 2018
27 Jul · Legal
Exchange has sought clarification from the Company with respect to news item captioned- Indian Oil shuts 40,000-bpd crude unit at Haldia plant after small fire - company source In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that has not been announced to the Exchanges under regulation 30 of Listing Regulations. The response from the Company is awaited.
Apr 2018
16 Apr · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to announcement dated 11-Apr-2018, regarding " Indian Oil Corporation Limited has informed the Exchange regarding 'Indian Oil Corporation Ltd. (IndianOil) alongwith Bharat Petroleum Corporation Ltd. (BPCL) and Hindustan Petroleum Corporation Ltd. (HPCL) had incorporated a Joint Venture Company named Ratnagiri Refinery & Petrochemicals Limited (RRPCL) to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri in the state of Maharashtra. Today, IndianOil, BPCL and HPCL have signed a Memorandum of Understanding (MOU) with Saudi Aramco, a leading global integrated energy and chemicals company in the Kingdom of Saudi Arabia, to jointly develop and build the said project. The partnership would bring together the crude supply, resources, technologies, experiences, and expertise of these multiple oil companies with an established commercial presence around the world. Saudi Aramco may also bring in a strategic partner to co-invest in the project. The MOU would provide for the joint ownership, control and management of the refinery project. The refinery will be capable of processing 60 MMTPA Crude Oil i.e. 1.2 million barrels of crude oil per day (of which some will be Arabian crude) and produce a range of refined petroleum products, including Motor Spirit and Diesel, which will meet Euro VI fuel specifications. It will also provide feedstock for the integrated petrochemical complex, which will be capable of producing approximately 18 million tons per annum of petrochemical products. The project would rank among the world's largest refining and petrochemicals projects and will be designed to meet India's fast-growing fuels and petrochemicals demand. '.". On basis of above the Company is required to clarify following: 1. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc; 2. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arms length; 3. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 4. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; 5. Shareholding, if any, in the entity with whom the agreement is executed; The response of the Company is awaited.
Sep 2017
25 Sep · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to announcement dated 22-Sep-2017, regarding "Change in Director(s) of the company.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);The response of the Company is awaited.
Sep 2015
16 Sep · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "IOC plans Rs.1.75 lakh cr expansion". The Company has clarified that "The Chairman, during his interaction with the media post-Annual General Meeting of the Company, has stated that investment to the extent of Rs.1,75,000 crore in various businesses of the Company including refineries expansion is under consideration of the Company. However, it is clarified that it is only a directional statement made by the Chairman. Some of the projects have already been approved by the Board and notified to the Stock Exchanges. The Stock Exchanges would be duly notified as and when the approval of the Board of Directors is accorded for further new projects in the anvil".16 Sep · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC plans Rs.1.75 lakh cr expansion". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.
May 2015
25 May · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "IOC to raise Chennai Petro stake infuse Rs 1500 crore". The Company has clarified that "CPCL (a subsidiary of IndianOil) had informed the Stock Exchanges prior to its Board meeting held on May 23, 2015 and immediately after the Board meeting about its proposal to issue preference shares amounting to Rs. 1000 crore to IndianOil, subject to approval by its shareholders. It may be noted that the IndianOil Board is yet to accord approval for investment of said amount in CPCL. Upon approval of investment the same would be intimated to the exchanges. Moreover it may be noted that the news item in Economic Times is incorrect as the amount mentioned is Rs. 1500 crore whereas CPCL has intimated to the exchanges an amount of Rs. 1000 core".25 May · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC to raise Chennai Petro stake infuse Rs 1500 crore". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.
Mar 2015
3 Mar · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "To-be director of IOC suspended over info leak". The Company has clarified that "Mr. Debangsu Ray, who was General Manager (International Trade) at our Corporate Office, New Delhi, was suspended on Friday, the February 27, 2015 in accordance with the Conduct, Discipline and Appeal Rules of the Company. The matter is under investigation. We would like to further clarify that Mr. Debangsu Ray was not a Director on the Board of the Company nor any communication for his appointment on the Board was received from the Govt. of India".3 Mar · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "To-be director of IOC suspended over info leak". In this regard the Exchange has advised the Company to provide clarification/confirmation in respect of the above media report whether the said information is true and whether the said media report would have any impact on the operations of the Company.
Jan 2015
2 Jan · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with resect to a news item captioned "IOC to commission Pradip refinery". The Company has clarified that "A 15 MMTPA Grass Root Refinery Project at Paradip was approved by the Board of Indian Oil way back in 2009 and the company had informed the Exchange about the project from time to time including in the recent past while clarifying on certain other news items. The status of the project is also provided in the Annual Reports from time to time. It may be noted that the project is nearing completion and the commissioning of the project is likely to begin on stage-wise basis from F. Y. 2015-16. Once the project is commissioned, the Stock Exchanges would be duly notified".2 Jan · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC to commission Pradip refinery". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.
Dec 2014
24 Dec · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC to invest Rs. 6800 cr on Gujarat capacity expansion". The Company has clarified that the Board of IndianOil had only accorded in-principle (1st stage) approval for the expansion of the Gujarat Refinery from 13.7 million tonnes to 18 million tonnes subject to carrying out Detailed Feasibility Study. The feasibility study is still in progress. Once the Board accords final approval to the project, we shall notify the stock exchanges. As regards, the quality improvement project is concerned, we would like to inform that this is a statutory requirement as per the government guidelines which are being implemented to adhere to the Euro-IV fuel quality norms.24 Dec · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC to invest Rs. 6800 cr on Gujarat capacity expansion". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.19 Dec · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "IOC to add 15 mmtpa capacity". The Company has clarified that "We are not aware about the source of the news item, which has appeared in the newspaper. However, we would like to state that 15 MMTPA Grass Root Refinery Project at Paradip was approved by the Board of IndianOil way back in 2009 and the company had informed NSE about the project from time to time including in the recent past while clarifying on certain other news items. The status of the project is also provided in the Annual Reports from time to time. It may be noted that the project is nearing completion and the commissioning of the project is likely to begin on stage-wise basis from March to September 2015. Once the project is commissioned, the Stock Exchanges would be duly notified".19 Dec · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC to add 15 mmtpa capacity". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.5 Dec · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "IOC scouts for partners in $ 1bn Guj plant after BP exit". The Company has clarified that "IndianOil was exploring the possibilities of setting up of Acetic Acid Plant in Gujarat for which purpose, an MoU was entered into with British Petroleum. It is clarified that it was only a non-binding MoU to evaluate the feasibility of the project. However, BP did not feel it feasible to proceed for the project. IndianOil is exploring to tie-up with alternate technology providers. Based on the technical information of such licences, techno-economic feasibility for setting up of Acetic Acid Project based on Petcoke gasification will be re-assessed. Further progress towards the project will be undertaken subject to establishment of viability including support from the State Government. If some definitive developments takes place, the Stock Exchanges would be duly notified".4 Dec · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC scouts for partners in $ 1bn Guj plant after BP exit". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.2 Dec · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "Indian Oil eyes west coast for news refinery project". The Company has clarified that " The Chairman, IndianOil, while interacting with Press on November 29, 2014, in response to a query on IndianOil's presence in West Coast had stated that considering the demand of petroleum products and IndianOil's presence in the sector, IndianOil may consider setting up a refinery in the West Coast in future. It may be noted that there is no definitive proposal being considered at present. In case of any development in this regard the Stock Exchanges would be duly kept informed".1 Dec · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "Indian Oil eyes west coast for news refinery project". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.1 Dec · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC planning Rs. 20,000 crore petrochem complex in Odisha". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. In this matter the Company has clarified as below- Director(P&BD) of IndianOil in his interaction with press has only observed that a preliminary techno-economic feasibility of value addition petrochemical projects based on the molecules that would be available from the upcoming Paradip Refinery of IndianOil are currently being explored. However, this is subject to establishment of techno-economic viabilities and approval of the Board of Directors. If the projects get implemented, the order of magnitude of investment would be around Rs. 20,000 crore. This is only a preliminary estimate and there is nothing definitive at present.
Nov 2014
28 Nov · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC planning Rs. 20,000 crore petrochem complex in Odisha". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.18 Nov · Legal
This is with reference to news item dated November 13, 2014 captioned "Indian Oil Corporation board okays Ennore LNG terminal". The Company has submitted its clarification to captioned news on November 14, 2014. The Company has further clarified as follows: 1) The LNG project at Ennore is to be implemented through a Joint Venture Company and not directly by Indian Oil. The equity participation in the JV company is proposed as under:- Indian Oil : 45% TIDCO : 5% (A Tamil Nadu State Govt. Enterprise) Balance 50% by financial institutions. 2) The JVC will be initially incorporated with a Seed Capital of Rs. 1 lacs by aforesaid JV partners out of which IndianOil s investment would only be Rs. 45,000/- at present. 3) As the project activities progress, the strategic Joint Venture Partners would be identified and inducted as Equity Partners. 4) The project related activities are yet to commence. Considering the above we would like to state that, at present, the project is not materially significant, keeping in view the financials of the Corporation with a turnover over Rs. 4,50,000 crore. We would like to confirm that any significant and material development would be notified to the exchange immediately upon its occurrence, in accordance with the provisions of the Listing Agreement.14 Nov · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "Indian Oil Corporation board okays Ennore LNG terminal". The Company has clarified that "The Chairman, Indian Oil, while interacting with the press at Chennai on November 12, 2014, in response to a query, stated that Indian Oil would be setting up 5 million tonne LNG Terminal at Ennore at a cost of Rs.5150 crore. It is clarified that the Board of Indian Oil at its meeting held on October 17, 2014 had accorded approval for setting up a 5 million tonne capacity LNG Import Terminal at Ennore through a joint venture route. Currently, the formation of Joint Venture Company and project related activities are being initiated. As and when any significant development takes place in the project, the Stock Exchanges would be duly notified".14 Nov · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "IOC, Chennai Petroleum may merge". The Company has clarified that "The Chairman, Indian Oil, while interacting with press at Chennai on November 12, 2014, had referred to the performance of Chennai Petroleum Corporation Limited (CPCL) (a subsidiary of Indian Oil), in response to a query from the press. It is clarified that the Chairman merely observed that amongst the various options being examined for improving the performance of CPCL, the possibilities of merger is also being evaluated. We would like to make it abundantly clear that no proposal on merger is presently under consideration of the management".13 Nov · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "Indian Oil Corporation board okays Ennore LNG terminal". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.13 Nov · Legal
Exchange has sought clarification from Indian Oil Corporation Limited with respect to recent news item captioned "IOC, Chennai Petroleum may merge". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.
Oct 2014
16 Oct · Legal
Exchange had sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "IOC to Invest $4 b in British Columbia Province in Canada". The Company has clarified that "Indian Oil Corporation Limited, through its wholly owned affiliate Indoil Montney Ltd., Canada had signed transaction agreements with Progress Energy Canada Ltd. (Progress Energy Canada), PETRONAS Carigall Canada BV (PCC BV) wholly owned affiliates of PETRONAS for the acquisition of a 10% interest in Progress Energy Canada s LNG-destined natural gas reserve in British Columbia and in the proposed Pacific North West LNG Project on 7th March 2014. IndianOil shall offtake 1.2 MMTPA of LNG from the project. Hence, we do not foresee impact of this article on the company at present."7 Oct · Legal
Exchange had sought clarification from Indian Oil Corporation Limited regarding new item captioned "State-owned oil firms to bid together for LNG blocks abroad". The Company has clarified that "Gujarat State Petronet Ltd., Indian Oil Corp. Ltd., Bharat Petroleum Corp. Ltd. and Hindustan Petroleum Corp. Ltd. have formed two joint venture companies in the year 2012 viz GSPL India Transco Ltd. and GSPL India Gasnet Ltd. for laying cross country gas pipelines in India. The four joint venture partners are required to source LNG for meeting their individual obligations in the said two pipeline companies. In this context, the four joint venture partners have together contacted a few LNG suppliers overseas in June/July 2014, to explore the feasibility of sourcing LNG for meeting the requirement of their respective companies and these discussions with the prospective suppliers are at a nascent stage. It is clarified here that the said four companies have not formed any consortium for sourcing LNG from overseas. There is also no proposal for these four companies bidding jointly for blocks abroad.Hence, at present, there is no information that has bearing on the operation/performance of Indian Oil, including any price sensitive information, which is required to be disclosed under clause 36 of the Listing Agreement".
Aug 2014
18 Aug · Legal
Exchange sought clarification from Indian Oil Corporation Limited with respect to a news item captioned "Indian Oil Corporation to invest Rs. 8,700 Crores in Mathura Refinery Expansion Project". The Company has clarified that "The matter is in preliminary stage and has not been conceptualized. The U.P.Government is looking for promoting industrial development in U.P. and Indian Oil has evinced interest for expansion of its Mathura Refinery, provided the U.P. Government agrees to give financial / tax incentives to support the viability of the project. Further view in the matter would be taken only after getting response from the U.P. Government. In view of the above, presently there is no capital commitment or any material impact otherwise on the company".