Indian Oil

West Bengal Chief Minister Suvendu Adhikari has assured the Indian Oil Corporation of facilitating land for its long-pending plans to develop a petrochemical complex alongside its refinery in Haldia. Noting that the expansion would require 175 acres of land, the chief minister on Monday said the Haldia Development Authority has already arranged 85 acres and the remaining could be facilitated through the Haldia Dock Complex of Syama Prasad Mookherjee Port. Adhikari said he has taken up the matter with the port authorities to ensure that the land is made available to Indian Oil Corporation (IOC) for its proposed expansion. An official said, "If this happens, then the IOC will send the project to the board for consideration." The state-owned oil major said it was considering an expansion at Haldia, which could include a chemical downstream project. The OC has for years sought the 175-acre parcel adjoining its Haldia refinery to expand its operations and develop downstream petrochemica

The 424.5-km pipeline will have a capacity of 6.84 mscmd and transport regasified LNG from the Kochi terminal to key demand centres in Kerala and Tamil Nadu

The investment comes amid India's broader push ​to expand natural gas ‌infrastructure, improve connectivity and increase the ​share of gas in the country's energy mix as it ‌seeks ​cleaner fuel altern

Alka Mundra has resigned as an independent director of state-run Indian Oil Corporation (IOC), barely a month after joining the board, saying her son's petrol pump dealership with the company breaches independence criteria under stock market listing rules. In a September 18 letter to the Secretary of the Ministry of Petroleum and Natural Gas, disclosed by the company in a stock exchange filing, Mundra said her son, Madhav Mundra, has operated an IOC retail outlet, Swarn Ganga KSK, in Udaipur, Rajasthan, since 2020. She said the arrangement conflicts with the independence criteria on pecuniary relationships under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. Mundra said her son "conducts his business independently, without any involvement or intervention from my side," and that she was confident her objectivity "would remain unaffected." "Nevertheless," she wrote, considering "the highest standards of Corporate Governance," she found it "inappropriate to

Indian Oil, BPCL, and HPCL are negotiating US term contracts as India seeks to diversify LPG supplies and narrow its trade surplus with Washington

The state-run refiner plans to raise petrochemical intensity to 16% while expanding renewables, pipelines, green hydrogen and sustainable aviation fuel capacity.

State-run oil major says it has secured crude supplies until late September despite West Asia disruptions, while LPG under-recoveries continued to weigh on earnings

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery

Indian Oil reported a 56.6 per cent Y-o-Y increase in net profit to ₹11,377.51 crore, compared with ₹7,264.85 crore in the corresponding quarter of the previous fiscal

Public sector OMCs, including Indian Oil, BPCL, and HPCL, have been incurring losses of about ₹20 per litre on petrol and nearly ₹100 per litre on diesel due to elevated global crude prices

Stocks to watch today: Stocks of OMCs, Adani Group, Tata Steel, JSW Steel, United Spirits, Voltas, HFCL, HCC, Apollo Tyres, are among the key stocks in focus today.

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

The refiner will share the shipment with its state-owned peers Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd

Notably, OMCs' shares have remained volatile over the past two weeks as crude oil prices have surged more than 40 per cent amid the ongoing West Asia conflict involving the US, Israel and Iran

The US-Israel war with Iran has disrupted oil and natural gas exports from the Middle East, while top oil exporter Saudi Arabia is increasing shipments from the Red Sea as an alternative

IOC's revenue from operations rose 7.7 per cent to Rs 2.36 lakh crore in the quarter ended December 2025

Indian refiners are recalibrating their strategies to shift away from top supplier Russia and boost imports from the Middle East

IOC bought 2 million barrels of medium-heavy sour Oriente oil, the sources said, without elaborating ‌on the pricing and seller

Indian oil companies that have invested in oil exploration projects in Venezuela might also be able to recover stuck dividends, with the US operating Venezuela's oil assets