Indian Oil

IOCL Q4 beats on Ebitda; brokerages cut FY27 outlook on crude volatility

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

Why have HPCL, BPCL, IOC dipped despite fuel price hike? Analysts explain

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: OMCs, Adani stocks, Tata Steel, JSW Steel, TMPV, HCC

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.

IOC, BPCL, HPCL shares react as govt trims excise duty on petrol, diesel

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

Indian Oil buys first Iranian LPG since 2018 as crunch worsens amid war

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

OMC stocks rally on softer crude; HPCL, IOC, BPCL shares gain up to 5%

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

Indian Oil books crude cargoes loading from Red Sea port of Yanbu: Report

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 Q3 net profit soars six times on higher GRMs, LPG compensation

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

Indian Oil buys oil from Angola, Brazil, UAE to replace Russian crude

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

Indian Oil buys first Ecuador crude cargo as it diversifies from Russia

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

US move on Venezuela oil lifts Reliance Industries, ONGC prospects

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

Why Russian oil shipments to India are set to plunge in Dec and what's next

Overall Russian oil deliveries to India had slowed to as little as 712,000 barrels a day in the second week of December, before rising, according to Kpler

IOCL seeks up to 24 million oil barrels from Americas amid Russia curbs

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

Indian Oil to form trading JV with Vitol to expand global footprint

The partnership with Vitol will help Indian Oil cut crude-procurement costs from spot markets and improve margins through access to new buyers

Govt refiners eye smaller oil suppliers after US sanctions Rosneft, Lukoil

India has been balancing the risk of secondary sanctions - and the need to secure a trade deal with the US - against the risks that come with allowing much-needed ties to Russia to fray

Raising energy purchases from the US hinges on prices, say analysts

Experts say US grades face logistical, economic, and compatibility challenges with Indian refinery configurations

Indofast Energy joins hands with e-Sprinto to deploy 20k EVs by 2026

Battery-swapping solutions provider Indofast Energy on Thursday said it has tied up with e-Sprinto to deploy 20,000 electric two-wheelers in the country by 2026. The collaboration will integrate e-Sprinto's electric vehicles with Indofast Energy's battery-swapping network expanding across the country. The strategic rollout will revolutionize delivery operations across the quick commerce, e-commerce, and food delivery sectors by establishing crucial battery-swapping infrastructure along high-demand corridors, Indofast Energy said in a statement. "By integrating e-Sprinto's high-quality vehicles with our network, we are expanding our reach across diverse customer segments and accelerating our ambitious EV deployment targets," Indofast Energy CEO Anant Badjatya said. Indofast Energy, a 50:50 joint venture between IndianOil Corporation Ltd and SUN Mobility, has also tied up with Zypp, Omega Seiki Mobility, Shadowfax, Triev, Wickedride, Green Drive etc.

Russian oil traders ask Indian buyers to pay in yuan amid strong China ties

In 2023, Indian state refiners made some payments for Russian oil in yuan, but they stopped due to displeasure from the Indian government during a period of heightened tensions with Beijing

India may mandate 5% SAF blending for domestic flights by 2030: Report

Deloitte-ISMA report projects 5% SAF blending by 2030 and 15% by 2040 for domestic flights, citing abundant biomass as driver for India's global SAF potential

IOC's project SPRINT starts to show results, company gains retail dominance

Indian Oil Corporation's (IOC) transformative project SPRINT has started to show results with improved operational performance at refineries and the company is regaining leadership position in fuel retail expansion, Chairman Arvindar Singh Sahney said. India's largest oil firm in April unveiled Project SPRINT that looks to make the firm future-ready by fashioning businesses to meet changing global energy landscape and stay relevant and profitable. SPRINT stands for strengthening core businesses of oil refining, petrochemicals and fuel marketing, propel cost optimisation to increase profitability, reinforce customer centricity, integrate technology and innovation, nurture leadership and talent, and be transition-ready. IOC called SPRINT a transformation project that will keep the firm rooted in its core strengths, while at the same time preparing for an eventual transition away from fossil fuels. "To sustain leadership in a changing energy landscape, the company must evolve with spe