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Informist, Tuesday, May 19, 2026

--IOC aims to spend INR 327 bln as capex in FY27

--IOC spent INR 324.05 bln as capex in FY26

AHMEDABAD – Indian Oil Corp. Ltd. plans to spend INR 327 billion on capital expenditure for 2026-27 (Apr-Mar), almost similar to INR 324.05 billion capex it did in FY26, the company said in an investors' presentation shared Tuesday.

As per the presentation, of the capex incurred in FY26, the company spent INR 151.62 billion on refining, INR 111.38 billion on marketing, INR 26.18 billion on petrochemicals segment, INR 19.53 billion on pipelines, INR 3.57 billion on natural gas, INR 2.10 billion on exploration and production and INR 6.63 billion as equity investment in joint ventures and subsidiaries.

The company said that it was in the process of completing work on seven projects with an investment of INR 1.04 trillion. It has completed 64.9% to 93.5% of work and hopes to gradually begin commissioning these projects from June till December. The key projects include expansion of Panipat refinery to 25 million tonnes per annum, from 15 mtpa currently, Gujarat Refinery expansion to 18 mtpa, from 13.7 mtpa, Barauni Refinery expansion to 9 mtpa, from 6 mtpa and Paraxylene-Terpthalic Acid Complex at Paradip refinery.

For the March quarter, the company reported net profit of INR 113.78 billion, up nearly 57% from INR 72.65 billion in the year-ago quarter. The revenue from operations for the quarter rose 7% on year to INR 2.33 trillion. The company's top line, net of excise duty, was INR 2.08 trillion. 

Sharing operational highlights for FY26, the company said that it refined highest ever crude throughput of 75.5 million tonnes with capacity utilisation of 107.4%, highest-ever pipeline throughput of 105.6 million tonnes with capacity utilisation at 73.6%, sales volume of 105.1 million tonnes, 905,000 tonnes of lube sales, 3.4 million tonnes of petrochemicals and 7.3 million tonnes of natural gas. It also opened 909 retail outlets on national highways during the FY26. The company's earnings before interest, tax, depreciation and amortisation for FY26 came in at INR 737.18 billion, compared to INR 380.60 billion in FY25.

At 1241 IST, shares of the company traded at INR 136.14 per share on the National Stock Exchange, up over 3.29%.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Sunil Raghu

Edited by Akul Nishant Akhoury

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