Established in: 1959
Managing Director: Arvinder Singh Sahney
Indian Oil Corporation (IOC) is India’s largest government-owned Maharatna company in the oil and gas industry. From refining crude oil to marketing fuels, lubricants, gas and petrochemicals. IOC touches almost every aspect of daily energy needs.
With a vast network of refineries, pipelines, fuel stations and LPG distributors, IOC ensures reliable energy access across urban and rural India.
Indian Oil Corporation comprises seven main business divisions, which include refineries, pipelines, marketing, petrochemicals, R&D, exploration, explosives and cryogenics.
At present, IOC is steadily expanding its footprint in cleaner fuels and sustainable energy solutions.
History of Indian Oil Corporation (IOC)
IOC’s journey began in 1959, when it was set up to strengthen India’s self-reliance in petroleum products. On September 1, 1964, Indian Refineries Limited merged with Indian Oil Company Limited and the new entity was named Indian Oil Corporation Limited.
Over the years, the IOC built world-class refineries, an extensive pipeline network and one of the largest retail fuel chains in India.
IOC played a key role in popularising LPG in Indian households and supporting industrial growth. Today, IOC continues to adapt, investing in petrochemicals, natural gas, biofuels and hydrogen.
Indian Oil Corporation (IOC) Business Segments
The business segments of IOC are as follows:
-
Refining: IOC operates some of India’s largest refineries, where crude oil is turned into petrol, diesel, LPG, aviation fuel and other products.
-
Pipelines: The company has an extensive pipeline infrastructure that efficiently transports crude oil, petroleum products and gas across long distances.
-
Petrochemicals: IOC produces key petrochemical products used in plastics, packaging, textiles and everyday consumer goods.
-
Natural Gas: IOC is expanding in natural gas sourcing, trading and city gas distribution to support cleaner energy consumption.
-
Marketing and Distribution: Through IOC's vast network of fuel stations, LPG distributors and aviation fuel outlets, IOC ensures energy reaches households, vehicles and industries across India.
-
Clean Energy: From biofuels and ethanol blending to hydrogen and renewable energy projects. The company is actively preparing for a clean energy transition.
Subsidiaries of Indian Oil Corporation (IOC)
- Chennai Petroleum Corporation Limited
- IOC Global Capital Management IFSC Limited
IOC’s Future Outlook
The company has committed to achieving net-zero operational emissions by 2046, aligning with India’s goal of 2070.
Management predicts that India’s oil demand will continue to grow, with a peak demand unlikely before 2035.
IOC plans capex of ₹2.4 to ₹2.7 lakh crore between FY24 and FY30 with a focus on refining, petrochemicals, pipelines and clean energy.
IOC Financial Performance (FY25 vs FY24)
Revenue: IOC reported a consolidated revenue of ₹7,61,619.54 crore in FY25 vs ₹7,80,190.41 crore in FY24. It showed a decrease of -2.38% on a yearly basis, reflecting mild negative performance.
Operating Profit: The company reported an operating profit of ₹17,063.45 crore in FY25 vs ₹57,287.79 crore in FY24. It showed a decrease of -70.21% on a year-on-year basis.
Net Profit: IOC reported a net profit of ₹13,788.83 crore in FY25 compared to ₹43,161.15 crore in FY24. It showed a decrease of -68.05% on a yearly basis.
IOC Share Price Today
As of 20 Jun 2026, IOC share price is ₹143.43. The stock opened at ₹144.98, compared to its previous close of ₹146.11. During today's trading session, IOC share price moved in the range of ₹142.67 to ₹145.74, with an average price of ₹144.20 for the day. Looking at its last 52-week, the stock has touched a low of ₹142.67 and a high of ₹145.74. On the performance front, IOC share price has declined by 11.79% over the last six months and is up 3.43% on a year-on-year basis.
The market capitalization of IOC is ₹2,02,569 Crs, with a P/E ratio of 4.6 and a dividend yield of 0.87%.
