IOC

🔹 Green Energy Initiatives & Strategic Partnerships

🔹 Overall Performance Indian Oil Corporation has reported strong financial results in recent quarters. Its profit jumped by around 50% year-on-year in the latest quarter, driven by better refining margins, stable crude prices, and strong fuel demand. Revenue remained steady, supported by higher domestic consumption of petrol, diesel, and aviation fuel. The company also announced a final dividend for shareholders, continuing its track record of steady payouts. 🔹 Capacity Expansion IOC is undertaking a major expansion of its Gujarat refinery, increasing its capacity from about 274,000 barrels per day to nearly 360,000 barrels per day by mid-2026. This upgrade includes modernization of crude and secondary processing units, aimed at producing cleaner fuels and improving efficiency. Additionally, the company continues to expand its retail network and logistics infrastructure to strengthen its presence in fuel distribution and petrochemicals. 🔹 Green Energy Initiatives IOC is actively moving toward cleaner and sustainable fuels. It plans to start producing Sustainable Aviation Fuel (SAF) at its Panipat refinery by the end of 2025. This aligns with India’s carbon reduction goals and helps IOC diversify into green energy. The company is also working on ethanol blending, hydrogen fuel initiatives, and electric vehicle charging infrastructure across major cities. 🔹 Strategic Partnerships IOC is in talks with international trading firms to form joint ventures for crude oil and refined product trading. These partnerships aim to enhance its global supply chain efficiency and strengthen its position in the international energy market.