Net profit of Indian Oil Corporation declined 49.96% to Rs 5148.87 crore in the quarter ended March 2024 as against Rs 10289.82 crore during the previous quarter ended March 2023. Sales declined 2.56% to Rs 198649.76 crore in the quarter ended March 2024 as against Rs 203872.27 crore during the previous quarter ended March 2023.For the full year,net profit rose 326.16% to Rs 41729.69 crore in the year ended March 2024 as against Rs 9792.12 crore during the previous year ended March 2023. Sales declined 7.77% to Rs 776351.85 crore in the year ended March 2024 as against Rs 841755.91 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales198649.76203872.27 -3 776351.85841755.91 -8 OPM %6.038.68 -9.743.65 - PBDT11513.3917046.76 -32 73153.9028218.74 159 PBT7419.6413758.61 -46 57287.7915037.69 281 NP5148.8710289.82 -50 41729.699792.12 326 Powered by Capital Market - Live News

The Board of Indian Oil Corporation at its meeting held on 30 April 2024 has approved implementation of 1 GW installed capacity of Renewal Energy (RE) projects comprising standalone ground mounted Solar or standalone onshore Wind or Wind-Solar Hybrid projects at an estimated cost of Rs. 5,215 crore including taxes & duties in a phased manner through the proposed wholly owned subsidiary in domain of low carbon, new, clean & green energy business. The Board also approved an investment of Rs 1,303.75 crore as equity in aforesaid proposed WoS for implementation of 1 GW installed capacity of RE. Powered by Capital Market - Live News

Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 30 April 2024, has recommended a Final dividend of Rs.7 per share (i.e.70%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Indian Oil Corporation will hold a meeting of the Board of Directors of the Company on 30 April 2024.Powered by Capital Market - Live News

The board of Indian Oil at its meeting held on 28 March 2024 has accorded approval for the revision in cost of the Cauvery Basin Refinery and Petrochemicals (CBRPL) project from Rs. 29,361 crore to Rs. 33,023 crore. The board has also accorded approval for revision in capital structure of joint venture with 75% equity from IndianOil and 25% equity from Chennai Petroleum Corporation (CPCL) (subsidiary of the company). Powered by Capital Market - Live News