A Broader Enterprise
Investment Across Business Segments
Through Group Companies
Alternate &
Renewable Energy
TECHNOLOGY PLATFORMS
Renewable Power, Green Hydrogen, Compressed Biogas, Battery Swapping, Advanced Energy Storage
PRINCIPAL GROUP COs.
City Gas
Distribution
DISTRIBUTION NETWORK
23 Geographical Areas, 3.78 Lakh PNG - D Consumers, ~570 CNG Stations
PRINCIPAL GROUP COs.
Aviation
Fuel Farm
AIRPORT NETWORK
Delhi, Mumbai, Bangalore, NOIDA (8 million KL ATF handled)
PRINCIPAL GROUP COs.
Pipeline
Infrastructure
NETWORK REACH
8,400+ km Pipeline Network across India
PRINCIPAL GROUP COs.
Strategic
Businesses
BUSINESS PLATFORMS
Synthetic Rubber, Specialty Bitumen, International Treasury
PRINCIPAL GROUP COs.
LNG
Regasification
INFRASTRUCTURE CAPACITY
32.5 MMTPA LNG Regasification Capacity
PRINCIPAL GROUP COs.
E&P
(Exploration & Production)
GEOGRAPHIC PRESENCE
USA, Russia, Oman, Canada, Venezuela, UAE, India
PRINCIPAL GROUP COs.
Terminalling
Services
TERMINAL FACILITIES
Bulk Liquid Storage facility at Haldia & Ennore, Refinery Tank Farms
PRINCIPAL GROUP COs.
Lubricants &
Specialty Products
GEOGRAPHIC PRESENCE
India & Middle East
PRINCIPAL GROUP COs.
Foreign
Downstream
INTERNATIONAL PRESENCE
Sri Lanka & Mauritius (300+ Retail Outlets)
PRINCIPAL GROUP COs.
Fertilizers
MANUFACTURING FOOTPRINT
Gorakhpur, Sindri, Barauni, ~3.8 MMTPA Urea Capacity
PRINCIPAL GROUP CO.
Refining
REFINERY FOOTPRINT
Southern India Operational Footprint
PRINCIPAL GROUP CO.
CHENNAI PETROLEUM CORPORATION LTD. (CPCL)
Subsidiary (51.89% Holding)
CPCL became a subsidiary of IndianOil in 2001. Its integrated refinery at Manali, Tamil Nadu, produces transportation fuels, lubricants, waxes and petrochemical feedstocks, serving the energy requirements of southern India and IndianOil's refining and petrochemical value chain.
Operational Highlights
- Commissioned its first retail outlet in Tamil Nadu under the 'Sooper' brand.
- Conferred 'Navratna' status in 2026 by the Government of India.
- Received the ICAI Gold Shield for Excellence in Financial Reporting and maintained its governance record for 21 consecutive years.
- Recorded its highest-ever crude throughput of over 11.7 MMT, with revenue of ₹78,611 Crore and consolidated Profit After Tax of ₹3,103 Crore in 2025–26.
Future Aspiration
CPCL plans to pursue refinery modernisation, energy efficiency and digitalisation, alongside measures aimed at raising operating performance across its business. These initiatives are expected to add to IndianOil's refining and petrochemical presence in southern India.
IOC GLOBAL CAPITAL MANAGEMENT IFSC LTD. (IGCMIL)
Wholly Owned Subsidiary (100% Holding)
IndianOil became the first corporate in India to establish a Global/Regional Corporate Treasury Centre (GRCTC) in GIFT City through the incorporation of IGCMIL in 2023. The Company serves as the treasury centre for IndianOil and its group companies across geographies. It also acts as an investment holding platform for managing overseas investments and facilitating global investments.
Operational Highlights
- Cumulative financial transactions crossed USD 1 billion across India, the US, Singapore, UAE, Sri Lanka and Mauritius by 2025–26.
- Earned USD 20 million in interest income and USD 1.93 million in operating profit during the year.
- Facilitated a USD 78.3 million equity investment in Sun Mobility Pte Ltd., Singapore.
Future Aspiration
IGCMIL aims to become the central treasury hub for the IndianOil Group, providing treasury, financing, investment and risk management solutions while tapping opportunities available through GIFT City.
LANKA IOC PLC
Subsidiary (75.12% Holding)
Incorporated in 2002, Lanka IOC PLC (LIOC) undertakes petroleum marketing operations in Sri Lanka. Over two decades, it has emerged as the country's second-largest oil marketing company, with businesses spanning retail fuels, lubricants, LPG, aviation fuel, bunkering and petrochemicals.
Operational Highlights
- Operates an integrated downstream business through a network of retail outlets and fuel infrastructure across Sri Lanka.
- Ranked 6th among Sri Lanka's Top 100 listed companies by revenue.
- Received awards for Integrated Reporting, Financial Reporting and Corporate Governance during the year.
- Its 'Propel' lubricant brand was recognised as 'Supplier of the Year' by the Plastics & Rubber Institute of Sri Lanka.
- Reported consolidated revenue of ₹8,155 Crore and Profit After Tax of ₹355 Crore during the year.
Future Aspiration
LIOC plans to expand its bunkering infrastructure and add new offerings across lubricants and petrochemicals. It also plans to pursue partnerships for entry into renewable energy.
IOCL SINGAPORE PTE. LTD. (ISPL)
Wholly Owned Subsidiary (100% Holding)
Incorporated in 2016, ISPL manages IndianOil's investments in international oil and gas exploration and production assets and is intended to establish trading of fuel and related products. Its portfolio includes producing assets in Russia and Oman and exploration assets in Abu Dhabi, providing access to international hydrocarbon resources.
Operational Highlights
- A hydrocarbon discovery was announced in Abu Dhabi's Onshore Block-1 during 2025-26, where IndianOil is one of the joint operators through an SPV.
- Recorded consolidated revenue of ₹2,403 Crore and Profit After Tax of ₹1,732 Crore in 2025-26.
Future Aspiration
ISPL aims to maximise production from existing assets, progress the Abu Dhabi discovery towards commercialisation and pursue opportunities to increase reserves and production across its overseas oil and gas portfolio.
INDIANOIL (MAURITIUS) LTD. (IOML)
Wholly Owned Subsidiary (100% Holding)
Incorporated in 2001, IOML established IndianOil's downstream presence in Mauritius. Its business spans retail fuels, aviation fuel, bunkering, lubricants and industrial fuels, while also serving as a platform for exploring opportunities across the African region.
Operational Highlights
- Operates a network of retail outlets and has a presence across key petroleum product segments in Mauritius.
- Holds 51% market share in aviation turbine fuel.
- Ranked among the Top 10 Companies in Mauritius in 2025.
- Serves as IndianOil's gateway for exploring business opportunities across the African region.
- Reported consolidated revenue of ₹2,589 Crore and Profit After Tax of ₹92 Crore during the year.
Future Aspiration
IOML plans to grow its core petroleum marketing business, add supply chain and storage infrastructure, advance digitalisation and diversify into energy-related services. It will also pursue business opportunities across the African continent.
PETRONET LNG LTD. (PLL)
Associate (12.50% Holding)
Incorporated in 1998 as an associate of IndianOil, ONGC, GAIL and BPCL, PLL develops and operate LNG import and regasification infrastructure in India. Its operations contribute to reliable LNG imports and India's natural gas supply.
Operational Highlights
- Maintained operational reliability, safety and efficiency while providing uninterrupted regasification services.
- Serves natural gas demand across industrial, power, City Gas Distribution and other sectors.
- Reported consolidated revenue of ₹43,495 Crore and Profit After Tax of ₹3,913 Crore during the year.
Future Aspiration
PLL plans to expand regasification capacity, pursue opportunities across the LNG value chain and develop international partnerships to serve India's natural gas requirements and long-term energy security.
HINDUSTAN URVARAK & RASAYAN LTD. (HURL)
Joint Venture (29.67% Holding)
Incorporated in 2016 as a joint venture of IndianOil, NTPC, Coal India, FCIL and HFCL, HURL operates three ammonia-urea complexes at Gorakhpur, Sindri and Barauni. With combined urea production capacity of around 3.8 MMTPA, its operations contribute to India's fertiliser self-sufficiency and food security.
Operational Highlights
- Operated all three plants at approximately 100% capacity utilisation during the year.
- Recorded its highest-ever operational and financial performance, backed by higher production and sales.
- Achieved urea sales exceeding 5.3 MMT in 2025-26.
- Reported consolidated revenue of ₹21,217 Crore and Profit After Tax of ₹2,457 Crore.
- Received awards across logistics and supply chain management, digitalisation, corporate communications and corporate social responsibility.
Future Aspiration
HURL plans to invest in research and development and explore organic and inorganic growth opportunities to contribute to India's long-term fertiliser security.
INDIAN SYNTHETIC RUBBER PVT. LTD. (ISRPL)
Joint Venture (50% Holding)
Incorporated in 2010 as a 50:50 joint venture between IndianOil and TSRC Corporation, Taiwan, ISRPL operates India's first world-scale E-SBR facility at Panipat, Haryana. The Company manufactures Emulsion Styrene Butadiene Rubber (E-SBR) for domestic tyre manufacturers, reducing dependence on imports.
Operational Highlights
- Operated its 120 KTPA E-SBR manufacturing facility at Panipat and recorded its highest-ever sales of 128 KT during the year.
- Initiated plans to expand manufacturing capacity and diversify into Solution Styrene Butadiene Rubber (S-SBR) for next-generation and electric vehicle tyres.
- Received the Apollo Tyres Gold Partner Award and the CEAT Outstanding Performance in Quality Award.
- Reported revenue of ₹2,026 Crore and Profit After Tax of ₹315 Crore in 2025-26.
Future Aspiration
ISRPL plans to expand production capacity and diversify into advanced specialty rubber products to serve changing requirements across the automotive and electric mobility sectors.
INDIANOIL ADANI VENTURES LTD. (IAVL)
Joint Venture (50% Holding)
Established in 1996, IAVL, formerly Indian Oiltanking Ltd., is a joint venture between IndianOil and Adani Ports & Special Economic Zone Limited. The Company develops, owns, operates and maintains bulk liquid storage terminals and refinery tank farm infrastructure, alongside Operations & Maintenance (O&M) services.
Operational Highlights
- Progressed two major refinery tank farm projects at Paradip and Panipat, scheduled for commissioning during 2026-27.
- Received the GSS National Safety Award and World Safety Organisation India OHS&E Awards for occupational health and safety.
- Reported consolidated revenue of ₹507 Crore and Profit After Tax of ₹294 Crore during the year.
Future Aspiration
IAVL plans to expand its geographical presence, grow its Operations & Maintenance services and develop energy logistics infrastructure.
INDIANOIL PETRONAS PVT. LTD. (IPPL)
Joint Venture (50% Holding)
Incorporated in 1998, IPPL is a joint venture between IndianOil and Petroliam Nasional Berhad (PETRONAS), Malaysia. The Company develops, owns and operates LPG import terminals, storage facilities and associated logistics infrastructure for the import, storage, terminalling and distribution of LPG.
Operational Highlights
- Operated LPG import terminals at Haldia (1.2 MMTPA) and Ennore (0.6 MMTPA), supported by associated bottling plants and logistics infrastructure.
- Handled nearly 3.9 MMT of LPG during the year.
- Diversified into MS and HSD, with three remote retail outlets in Arunachal Pradesh.
- Received several safety recognitions, including the Golden Peacock Occupational Health & Safety Award 2025 for the Haldia Terminal, CII Safety Awards, NSCI Awards and World Safety Organisation India OHS&E Awards.
- Reported consolidated revenue of ₹3,135 Crore and Profit After Tax of ₹266 Crore during the year.
Future Aspiration
IPPL seeks to deliver sustainable growth while maintaining high standards of safety, governance and environmental stewardship.
INDIANOIL SKYTANKING PVT. LTD. (IOSPL)
Joint Venture (50% Holding)
Incorporated in 2006, IOSPL provides aviation fuel infrastructure services across fuel farm management, into-plane fuelling and Operations & Maintenance (O&M). The Company pioneered the Open Access Model for fuel farm operations and introduced Single Man Refuelling in India.
Operational Highlights
- Operates fuel farm facilities at Bengaluru & NOIDA Airport, provides into-plane fuelling services at Delhi, NOIDA and Mumbai airports, alongside O&M services at multiple AFS locations.
- Handled over 3.2 MMT of aviation fuel during 2025-26.
- Received the Wings India 2026 – Best Fuel Service Provider Award for the fourth time.
- During 2025-26, IndianOil Skytanking Pvt. Ltd. reported a Consolidated Revenue of ₹306 Crore and Profit After Tax of ₹51 Crore.
Future Aspiration
IOSPL plans to broaden its capabilities in aviation fuel infrastructure development and technical consultancy. The Noida International Airport is expected to add to its business growth.
INDIANOIL LNG PVT. LTD. (IOLPL)
Joint Venture (45% Holding)
Established in 2015, IOLPL owns and operates the 5 MMTPA LNG import, storage and regasification terminal at Kamarajar Port, Ennore, Tamil Nadu. The terminal forms part of IndianOil's natural gas infrastructure and serves LNG demand in southern India.
Operational Highlights
- Provides LNG unloading, storage and regasification services for IndianOil following the commencement of commercial operations in 2019.
- Reported revenue of ₹482 Crore and Profit After Tax of ₹220 Crore.
Future Aspiration
IOLPL plans to provide reliable and uninterrupted regasification services to IndianOil, pursue business opportunities through strategic collaborations and raise utilisation of its LNG infrastructure as India's natural gas market grows.
Group Companies
SUBSIDIARIES
| Name | Business |
|---|---|
| Indian Subsidiaries | |
| Chennai Petroleum Corporation Ltd. | Refining of Petroleum Products |
| IOC Global Capital Management IFSC Ltd. | Financial Services |
| IndianOil Upstream Ventures Ltd. (formerly known as Mercator Petroleum Ltd.) | Exploration and Production of Oil and Gas |
| Terra Clean Ltd. | To undertake Low Carbon, New, Clean and Green Energy Businesses |
| Foreign Subsidiaries | |
| IndianOil (Mauritius) Ltd., Mauritius | Terminalling, Retailing, Aviation Refueling & Bunkering |
| IndOil Global B.V., Netherlands | Investment Company for E&P Assets in Canada and UAE |
| IOCL Singapore Pte Ltd., Singapore | Crude Oil Trading, Import / Export of Petroleum Products and Investment Company for E&P Assets & Alternative Energy Technology Company |
| IOC Middle East FZE, UAE | Lube Blending & Marketing of Lubricants & Base Oil |
| IOC Sweden AB, Sweden | Investment Company for E&P Project in Venezuela and Battery Technology Company in Israel |
| IOCL (USA) Inc., USA | Participation in Shale Gas Asset Project |
| Lanka IOC PLC, Sri Lanka | Retailing, Terminalling & Bunkering |
JOINT VENTURES & ASSOCIATES
| Name | Business | Partners |
|---|---|---|
| Avi-Oil India Pvt. Ltd. | Manufacturing of Speciality lubricants |
Neden BV, Netherlands Balmer Lawrie & Co. Ltd. |
| Cauvery Basin Refinery and Petrochemicals Ltd. | Setting up of 9 MMTPA Refinery at Nagapattinam, Tamil Nadu. |
Chennai Petroleum Corporation Ltd. Axis Bank Ltd. HDFC Life Insurance Company Ltd. ICICI Bank Ltd. ICICI Prudential Life Insurance Company Ltd. SBI Life Insurance Company Ltd. |
| Delhi Aviation Fuel Facility Private Ltd. | Setting up and operation of Aviation Fuel Facility at Delhi Airport. |
Delhi International Airport Ltd. Bharat Petroleum Corporation Ltd. |
| GH4India Pvt. Ltd. | Develop green hydrogen production assets and associated renewable assets. |
Larsen & Toubro Ltd. Renew Power Pvt. Ltd. |
| Green Gas Ltd. | City Gas Distribution | GAIL (India) Ltd. |
| GSPL India Transco Ltd. | Setting up of Natural Gas Pipelines |
Gujarat State Petronet Ltd. Hindustan Petroleum Corporation Ltd. Bharat Petroleum Corporation Ltd. |
| GSPL India Gasnet Ltd. | Setting up of Natural Gas Pipelines |
Gujarat State Petronet Ltd. Hindustan Petroleum Corporation Ltd. Bharat Petroleum Corporation Ltd. |
| Hindustan Urvarak and Rasayan Ltd. | Setting up and operating fertilizer plants at Sindri, Gorakhpur and Barauni |
Coal India Ltd. NTPC Ltd. Fertilizer Corporation of India Ltd. Hindustan Fertilizer Corporation Ltd. |
| IHB Ltd. | Laying, building, operating or expanding LPG Pipeline from Kandla (Gujarat) to Gorakhpur (UP) |
Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. |
| IOC GPS Renewables Pvt.Ltd. | Integrating advanced biogas technologies to convert organic waste into CBG | GPS Renewables Pvt. Ltd. |
| IndianOil Adani Ventures Ltd. (formerly known as Indian Oiltanking Ltd.) | Terminalling, EPC services and production of Compressed Bio-Gas (CBG) | Adani Ports and SEZ Ltd. |
| IndianOil Adani Gas Pvt. Ltd. | City Gas Distribution | Adani Total Gas Ltd. |
| IndianOil Petronas Pvt. Ltd. | Terminalling services and parallel marketing of LPG | Petronas, Malaysia. |
| IndianOil LNG Pvt. Ltd. | LNG Terminal at Ennore |
Maximus Investment Advisory Pvt. Ltd. ICICI Bank Ltd. Tamil Nadu Industrial Development Corporation Ltd. |
| IndianOil NTPC Green Energy Pvt. Ltd. | Developing Renewable Energy based power projects | NTPC Green Energy Ltd. |
| IndianOil Skytanking Pvt. Ltd. | Aviation fuel facility projects and Into Plane services | Skytanking GmbH, Germany |
| Indian Synthetic Rubber Pvt. Ltd. | Manufacturing of Styrene Butadiene Rubber at Panipat | Trimurti Holding Corporation, BVI |
| Indofast Swap Energy Pvt. Ltd. | Carrying on the business of battery as a service for small format electric vehicles in India | EPIC Mobility Technologies Pte Ltd., Singapore |
| Indradhanush Gas Grid Ltd. | Setting up Natural Gas Pipeline in North East India |
Oil and Natural Gas Corporation Ltd. GAIL (India) Ltd. Oil India Ltd. Numaligarh Refinery Ltd. |
| IndianOil Total Pvt. Ltd. | Undertaking bitumen business, LPG business as conducted at LPG facilities | TotalEnergies Marketing Services S.A.S. |
| IOC Phinergy Pvt. Ltd. | Commercialisation of the Al-Air battery technology in India | Phinergy, Israel |
| Kochi Salem Pipeline Private Ltd. | Laying pipeline for transportation of LPG from Kochi to Salem | Bharat Petroleum Corporation Ltd. |
| Lubrizol India Pvt. Ltd. | Manufacturing of Lube Additives | Lubrizol Corp., USA |
| Mumbai Aviation Fuel Farm Facility Pvt. Ltd. | Setting up common user integrated aviation fuel infrastructure at Mumbai Airport |
Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. Mumbai International Airport Ltd. |
| NPCIL – IndianOil Nuclear Energy Corporation Ltd. | Setting up Nuclear Power Plant | Nuclear Power Corporation of India Ltd. |
| Paradeep Plastic Park Ltd. | Development and implementation of Plastic Park project at Paradip, Odisha | Odisha Industrial Infrastructure Development Corporation |
| Petronet LNG Ltd. | LNG imports / distribution and regasification |
Bharat Petroleum Corporation Ltd. Oil and Natural Gas Corporation Ltd. GAIL (India) Ltd. |
| Petronet VK Ltd. | Construction and operation of pipeline for transportation of POL products from Vadinar to Kandla |
Reliance Industries Ltd. Nayara Energy Ltd. Gujarat Industrial Investment Corporation Ltd. Infrastructure Leasing & Financial Services Deendayal Port Trust State Bank of India Canara Bank |
| Ratnagiri Refinery & Petrochemicals Ltd. | Refinery and Petrochemical Project in Maharashtra |
Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. |
| Suntera Nigeria 205 Ltd. | Oil exploration activities. |
Oil India Ltd. Suntera Resources Ltd., Cyprus |