COMPANY INTELLIGENCE PROFILE
INDIAN OIL CORPORATION LIMITED
Indian Oil Corporation is India's largest state-owned oil refining and petroleum marketing company (a Maharatna PSU), majority-owned by the Government of India.
Indian Oil Corporation, India's largest state-owned oil refining and petroleum marketing company, is a Maharatna PSU primarily owned by the Government of India. It operates in the manufacture of coke and refined petroleum products. In FY2024-25, the company reported a revenue of approximately Rs 8,45,513 crore and a net profit of Rs 12,962 crore. Its charges include borrowings totaling about Rs 1,23,454 crore with strong credit ratings.
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Business Overview
- India's largest integrated oil refining and petroleum marketing company.
- A Maharatna central public sector enterprise engaged in refining, pipeline transportation, and marketing of petroleum products, plus petrochemicals, natural gas, and exploration & production.
- FY25 refining throughput was 71.564 MMT and pipeline throughput a record 100.477 MMT.
Sector & Classification
Industry group C5 - Manufacture of coke and refined petroleum products (NIC section C - Manufacturing). Legacy NIC code 23201.
Directors & Key Management
Arvinder Singh Sahney (Whole-Time Director & Chairperson, apptd 13 Nov 2024); Rashmi Govil (Whole-Time Director, 15 Mar 2024); Suman Kumar (Whole-Time Director, 26 Feb 2025); Arvind Kumar (Whole-Time Director, 17 Jul 2024); Anuj Jain (Whole-Time Director, 09 Oct 2023); Alok Sharma (Whole-Time Director, 16 Jan 2024); Saumitra Priya Srivastava (Additional Director, 03 Oct 2025); Sujata Sharma (Nominee Director, 11 May 2024). Company Secretary: Kamal Kumar Gwalani. Individual DINs not obtained.
GST Registrations
| GSTIN | State | PAN |
|---|---|---|
| 27AAACI1681G1ZP | Maharashtra | AAACI1681G |
GST — source notes
Primary GSTIN: 27AAACI1681G1ZP (Maharashtra); PAN: AAACI1681G; Active; 106 registrations (IOCL PSU)
Financials
Indian Oil Corporation Limited reported FY2025 standalone revenue of Rs 8,45,513 crore and a net profit of Rs 12,962 crore, attributed to lower refining and marketing margins. GRM was $4.80/bbl. Total assets reached Rs 4,82,362 crore with a final dividend of Rs 3.00 per share.
AI-generated, may contain errors.
| FY2024-25, standalone/consolidated as reported | Revenue from operations ~Rs 8,45,513 crore, vs Rs 8,66,345 crore FY24 |
| Net profit | ~Rs 12,962 crore, vs Rs 39,619 crore FY24, decline driven by lower refining & marketing margins; GRM $4.80/bbl vs $12.05/bbl. |
| Total assets | ~Rs 4,82,362 crore. |
| Final dividend | Rs 3.00/share (FV Rs 10) for FY25. |
| Net worth and exact segment splits not separately obtained. | |
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| records totalling | ~Rs 38,300 crore | Borrowings ~Rs 1 |
| Major lenders include State Bank of India | ~Rs 32,017 crore | And Hdfc Bank |
- Open charges reported ~27 23,454 crore (down ~12% YoY)
- ~Rs 6,200 crore. Figures per aggregator data, not MCA-verified
Credit Ratings
- CRISIL AAA/Stable and CRISIL A1+, NCDs and bank facilities
- ICRA AAA (long-term) and ICRA A1+ (short-term), reaffirmed 2025-2026
- India Ratings IND AAA. International: S&P BBB, Moody's Baa3, Fitch BBB-, all Stable, in line with sovereign.
Competitive Landscape
Frequently Asked Questions
What does INDIAN OIL CORPORATION LIMITED do?
Indian Oil Corporation is India's largest state-owned oil refining and petroleum marketing company (a Maharatna PSU), majority-owned by the Government of India.
What is INDIAN OIL CORPORATION LIMITED's CIN?
INDIAN OIL CORPORATION LIMITED's Corporate Identification Number (CIN) is L23201MH1959GOI011388.
What is INDIAN OIL CORPORATION LIMITED's GST number?
INDIAN OIL CORPORATION LIMITED's primary GSTIN is 27AAACI1681G1ZP. It has 106 GST registrations across multiple states.
When was INDIAN OIL CORPORATION LIMITED incorporated?
INDIAN OIL CORPORATION LIMITED was incorporated on 30 June 1959.
Where is INDIAN OIL CORPORATION LIMITED headquartered?
INDIAN OIL CORPORATION LIMITED's registered office is at Indian Oil Bhavan, G-9 Ali Yavar Jung Marg, Bandra (East), Mumbai, Maharashtra 400051. (HQ: Maharashtra.)
Is INDIAN OIL CORPORATION LIMITED listed on the stock exchange?
Listed (BSE: 530965, NSE: IOC)
What are INDIAN OIL CORPORATION LIMITED's latest financials?
FY2024-25 (standalone/consolidated as reported): Revenue from operations ~Rs 8,45,513 crore (vs Rs 8,66,345 crore FY24); Net profit ~Rs 12,962 crore (vs Rs 39,619 crore FY24, decline driven by lower refining & marketing margins; GRM $4.80/bbl vs $12.05/bbl).
Who are INDIAN OIL CORPORATION LIMITED's main competitors?
India's largest oil refiner & fuel retailer (PSU). Key competitors: Bharat Petroleum (BPCL) (rev ~₹5,00,000 Cr (PSU)); Hindustan Petroleum (HPCL) (rev ~₹4,40,000 Cr (PSU)); Reliance (Jio-bp) (RIL, bp fuel-retail JV); Nayara Energy (rev ~₹1,50,000 Cr); ONGC (rev ~₹6,50,000 Cr; m-cap ~₹3.5 L Cr).
Sources
BSE/NSE filings & annual report; tofler.in, thecompanycheck.com; BSE/NSE shareholding pattern; tofler.in; CRISIL, ICRA, CARE Edge, India Ratings rating rationales; MCA / DIN records via tofler.in, falconebiz.com; MCA charge index via tofler.in, falconebiz.com; MCA filings / annual report via tofler.in; MCA registry via tofler.in, falconebiz.com, thecompanycheck.com; entrackr.com, moneycontrol.com, inc42.com (round names); Tracxn treated as unverified; indiankanoon.org; trade press; knowyourgst.com, mastersindia.co, findgst.in (GSTIN self-verifying via embedded PAN); tofler.in, thecompanycheck.com, company disclosures & trade press
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.