Indian Oil as entered into a Joint Venture Agreement with EverEnviro Resource Management, a leading biofuels company in the country. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, IndianOil and EverEnviro aim to accelerate the deployment of CBG plants nationwide. These initiatives complement IndianOil's long-term low-carbon development strategy and achievement of operational Net Zero goal by 2046, which will also help in achieving the Net-Zero target for India by the year 2070. CBG offers numerous benefits to India and the environment. For the country, it promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities. Powered by Capital Market - Live

Indian Oil Corporation will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Indian Oil Corporation has received credit rating of CARE AAA; Stable / CARE A1+ for bank facilities aggregating Rs 57,750 crore from CARE Ratings. Powered by Capital Market - Live

Indian Oil Corporation and Nepal Oil Corporation signed a Business to Business (B2B) Framework Agreement today paving the way for the development of critical petroleum infrastructure projects in Nepal. This agreement follows the Government-to-Government (G2G) Memorandum of Understanding (MoU) signed earlier between India's MoP&NG and Nepal's Ministry of Industry, Commerce and Supplies (MoICS) on 31 May 2023. The G2G MoU encompasses the extension of the Motihari - Amlekhgunj Petroleum Pipeline (MAPL) ' South Asia's first transnational petroleum product pipeline, commissioned in 2019 ' to Chitwan, Nepal. Additionally, the MoU covers the construction of oil storage terminals at Chitwan and a new transnational pipeline from IndianOil's facility in Siliguri to Jhapa alongside an oil storage terminal at Jhapa. These projects are expected to transform petroleum logistics between the two countries. These pipelines have been designed to meet the future energy needs of Nepal, with ample storage capacity at both the Chitwan and Jhapa terminals. The B2B Framework Agreement signed today enables IndianQOil and NOC to take up construction on these vital projects. This collaboration is crucial for optimizing the transportation of petroleum products, which will significantly reduce costs for Nepal Oil Corporation by minimizing reliance on tank trucks. Furthermore, the infrastructure is designed for mitigation of handling losses & environmental risks, alleviation of border congestion and strengthening of Nepal's energy security ' especially during natural disasters such as floods and landslides. Powered by Capital Market - Live

Indian Oil Corporation announced that the MoP&NG has conveyed that no funds have been allocated for capital support to Oil Marketing Companies (OMC's) in the Budget 2024-25, as against the earlier proposed allocation of Rs. 30,000 crore. Therefore, in view of the Govt. of India's (Promoters) non-participation in the Right Issue, the Board at its meeting held on 30 September 2024 has decided to withdraw the proposed Right Issue of equity shares. Earlier in July, the Board has accorded approval for Raising of capital by way of issue of equity shares on Right basis upto an amount not exceeding Rs. 22,000 crore. Powered by Capital Market - Live

Indian Oil Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 164.2, down 2.52% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25392.05. The Sensex is at 83172.83, up 0.27%.Indian Oil Corporation Ltd has eased around 4.66% in last one month.Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has eased around 2.88% in last one month and is currently quoting at 42350.7, down 0.18% on the day. The volume in the stock stood at 140.44 lakh shares today, compared to the daily average of 179.35 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 164.86, down 2.25% on the day. Indian Oil Corporation Ltd jumped 78.77% in last one year as compared to a 27.59% rally in NIFTY and a 54.06% spurt in the Nifty Energy index.The PE of the stock is 8.34 based on TTM earnings ending June 24.Powered by Capital Market - Live

This MOU will benefit Vizag Steel Plant (VSP) to ensure uninterrupted and continuous supply of lubricants from IOCL to meet the RINL's requirements. IOCL will provide technical support to RINL, Visakhapatnam steel plant in the field of lubrication, condition monitoring of critical and large hydraulic and lube systems, total bulk oil handling and used oil management. IOCL will also provide training for Visakhapatnam steel plant officials in their IOCL R&D centre at Faridabad which would also help RINL to reduce lubricants consumption and to maintain optimum levels of specific lub consumption. Indian Oil Corporation (IOCL) is an Indian government owned oil and gas explorer and producer. As of 30 June 2024, the Government of India held 51.50% stake in the company. On a standalone basis, the company reported 80.78% drop in net profit to Rs 2,643.18 in Q1 FY25 as against Rs 13,750.44 crore posted in Q1 FY24. Revenue from operations (excluding excise duty) declined 2.17% to Rs 1,93,235.52 ‬crore in Q1 FY25 from Rs 1,97,526.57 crore recorded in the corresponding quarter previous year. The scrip rose 0.75% to currently trade at Rs 174.60 on the BSE. Powered by Capital Market - Live

Indian Oil Corporation Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 174.59, up 0.4% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Indian Oil Corporation Ltd has risen around 5.29% in last one month. Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has risen around 3.98% in last one month and is currently quoting at 43591.45, down 0.48% on the day. The volume in the stock stood at 73.62 lakh shares today, compared to the daily average of 258.01 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 174.36, down 0.01% on the day. Indian Oil Corporation Ltd is up 91.23% in last one year as compared to a 27.67% spurt in NIFTY and a 64.51% spurt in the Nifty Energy index.The PE of the stock is 8.61 based on TTM earnings ending June 24.Powered by Capital Market - Live