Indian Oil Corporation Ltd amendments to the MoA

IOC reported a consolidated net profit of ₹7,817.55 crore in Q2 FY27 (July–September 2025), reversing a ₹169.58 crore loss in the same quarter last year and up 14.7% sequentially from ₹6,813.71 crore in Q1 FY27. Total income rose about 4% YoY to ₹2.07 lakh crore, with operating revenue at ₹2.06 lakh crore (+3.9% YoY), reflecting improved refining margins and higher throughput. At its 67th AGM on August 31, 2026, shareholders approved amendments to the MoA and new AoA to enable businesses such as bio‑refineries, green hydrogen, chemicals and data centres, and also passed a ₹1.25 per share final dividend for FY26. In parallel, IOC is advancing capacity additions, including its subsidiary CPCL’s plan for a 280,000 bpd Manali refinery expansion, and has secured repeat turnkey orders (e.g., from Inox Wind) for related infrastructure. Shares closed around ₹134.33–₹134.75 on September 16–17, with a market capitalisation near ₹1.90 lakh crore.