Indian Oil Corporation announced that Sunil Kumar (DIN � 08467559), Government Nominee Director, representing the MoP&NG on the Board of the Company has ceased to be a Director of the Company w.e.f. 7 May 2024 (afternoon). Powered by Capital Market - Live News

Net profit of Indian Oil Corporation declined 49.96% to Rs 5148.87 crore in the quarter ended March 2024 as against Rs 10289.82 crore during the previous quarter ended March 2023. Sales declined 2.56% to Rs 198649.76 crore in the quarter ended March 2024 as against Rs 203872.27 crore during the previous quarter ended March 2023.For the full year,net profit rose 326.16% to Rs 41729.69 crore in the year ended March 2024 as against Rs 9792.12 crore during the previous year ended March 2023. Sales declined 7.77% to Rs 776351.85 crore in the year ended March 2024 as against Rs 841755.91 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales198649.76203872.27 -3 776351.85841755.91 -8 OPM %6.038.68 -9.743.65 - PBDT11513.3917046.76 -32 73153.9028218.74 159 PBT7419.6413758.61 -46 57287.7915037.69 281 NP5148.8710289.82 -50 41729.699792.12 326 Powered by Capital Market - Live News

The Board of Indian Oil Corporation at its meeting held on 30 April 2024 has approved implementation of 1 GW installed capacity of Renewal Energy (RE) projects comprising standalone ground mounted Solar or standalone onshore Wind or Wind-Solar Hybrid projects at an estimated cost of Rs. 5,215 crore including taxes & duties in a phased manner through the proposed wholly owned subsidiary in domain of low carbon, new, clean & green energy business. The Board also approved an investment of Rs 1,303.75 crore as equity in aforesaid proposed WoS for implementation of 1 GW installed capacity of RE. Powered by Capital Market - Live News

Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 30 April 2024, has recommended a Final dividend of Rs.7 per share (i.e.70%), 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 30 April 2024.Powered by Capital Market - Live News