Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 6 March 2026, inter alia, have recommended the Second Interim dividend of Rs 2 per equity Share (i.e. 20%) , 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 6 March 2026.Powered by Capital Market - Live News

Net profit of Indian Oil Corporation rose 514.90% to Rs 13006.92 crore in the quarter ended December 2025 as against Rs 2115.29 crore during the previous quarter ended December 2024. Sales rose 5.74% to Rs 205157.37 crore in the quarter ended December 2025 as against Rs 194014.49 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales205157.37194014.49 6 OPM %11.093.90 - PBDT22284.336370.85 250 PBT17826.852086.80 754 NP13006.922115.29 515 Powered by Capital Market - Live News

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