Indian Oil Corporation Limited (IOC) — Board Meeting Announcement
📢 Key Event
Board approves 50:50 JV for 100 KTPA HEFA-based SAF project at Paradip
🔄 What Changed
Estimated project cost of **₹1,063.60 crores** (±30%)
🔮 What's Next
Subject to approval of NITI Aayog, DIPAM etc.
💡 Investor Takeaway
The JV requires regulatory approvals before proceeding.
Indian Oil Corporation announced board approval to form a 50:50 joint venture with M11 Energy Transition for a 100 KTPA HEFA-based sustainable aviation fuel project at Paradip, with an estimated cost of **₹1,063.60 crores** (±30%), pending regulatory clearances.
📄 View Original Announcement (PDF)
About Indian Oil Corporation Limited (IOC)
Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE
Market Cap: ₹1,89,902.41 Cr
P/E: 17.4
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.