Indian Oil Corporation will hold a meeting of the Board of Directors of the Company on 5 February 2026.Powered by Capital Market - Live News

Indian Oil Corporation (IOCL) along with Bharat PetroResources (a 100% subsidiary of Bharat Petroleum Corporation), jointly operate the Onshore Block 1 Exploration Concession in Abu Dhabi through a 50:50 Special Purpose Vehicle viz., Urja Bharat (UBPL). UBPL was awarded the Onshore Block 1 concession in early 2019 through Abu Dhabi`s 2019 Bid Round.In early 2024, UBPL made its first oil discovery in the Unconventional Shilaif play in XN-76 exploratory well. After successful hydrofracking operations, the well flowed light crude oil at surface from the Shilaif formation. The successful testing results have established the presence of unconventional oil resources in Onshore Block 1. The Company is very positive with the well results and looking forward to further establish the economic deliverability of wells during the appraisal phase.UBPL has also witnessed the oil discovery during testing of the exploratory well XN 79 02S in the Onshore Block 1. The well flowed light crude oil, marking it the first oil find in the Habshan reservoir in the concession area. Going forward this discovery would be appraised and matured for potential development.Such positive developments are very encouraging and certainly 8 significant achievement for both the parent companies of UBPL, as international operators.In addition, both companies through UBPL are advancing towards development of the existing Ruwais field and exploring other potential hydrocarbon prospects within the concession area.  Powered by Capital Market - Live News

Indian Oil Corporation and Maruti Suzuki India (MSIL) have signed a Memorandum of Understanding (MoU) to enhance customer convenience. Under this agreement, Maruti Suzuki service facilities will be established at select IndianOil fuel stations across the country. The collaboration leverages IndianOil`s vast nationwide network to set up various Maruti Suzuki service facilities. This integration will allow customers to access scheduled periodic maintenance and minor repairs for their Maruti Suzuki cars, at the same locations where they refuel, creating a more efficient and seamless experience. IndianOil, with its extensive retail presence, will further strengthen Maruti Suzuki`s 5,780+ service touchpoints. By bringing authorised service to the fuel station, both companies aim to provide a one stop solution that enhances convenience and peace of mind for millions of car owners throughout their ownership journeyPowered by Capital Market - Live News

Indian Oil Corporation announced that S G Venkatesh, Executive Director(Petrochemicals), Business Development Group, has ceased to be a Senior Management Personnel of IndianOil (One level below the Board of Directors) on 5 January 2026 consequent upon his appointment as Director (Technical) on the Board of Chennai Petroleum Corporation, a subsidiary of Indian Oil Corporation.Powered by Capital Market - Live News

Indian Oil Corporation announced that Sanjeev Kumar Choudhary, Executive Director & State Head, Bihar State Office has superannuated from the services of the Company on 31 December 2025.Powered by Capital Market - Live News