Indian Oil Corporation (IOC), the country’s largest refiner and fuel retailer, has announced an ambitious 5-year investment plan worth ₹1.66 trillion, as per news reports. The strategy, outlined by Chairman Arvinder Singh Sahney, seeks to balance India’s rising energy needs with a strong pivot towards clean energy, petrochemicals and gas, while reinforcing traditional oil operations. Despite turbulence in global energy markets, the company is pushing ahead with record expansions and diversification.
At the core of IOC’s plan is a large-scale expansion of its refining capacity. The company aims to lift its crude processing capability from 80.75 million tonnes annually to 98.4 million tonnes by 2028.
Major projects are underway at Panipat, Gujarat and Barauni refineries. Its pipeline network, already a backbone of India’s energy logistics, will stretch to 22,000 km with 21 projects in progress. In addition, new storage facilities, including in Nepal, are being developed to secure cross-border supplies.
To address India’s import dependence, IOC plans to triple its petrochemicals output from 4.3 million tonnes to over 13 million tonnes by 2030, with a strong focus on speciality chemicals. Parallelly, its vast retail network of more than 40,000 fuel stations is set for transformation into multi-energy hubs.
These hubs will integrate EV charging, battery swapping, CNG and LNG facilities, while also enhancing convenience services for India’s expanding mobility sector.
A significant part of the roadmap is the clean energy push. IOC has earmarked ₹2.5 trillion for projects aligned with its 2046 net-zero target. Renewable power capacity is projected to soar from 1 GW to 18 GW within 3 years, alongside plans for green hydrogen facilities and sustainable aviation fuel.
Meanwhile, its natural gas portfolio has grown by 20 per cent to 7.9 million tonnes annually, spanning 49 geographical areas across 21 states and covering 21 per cent of India’s population. The company is also venturing into explosives, cryogenics and shipping infrastructure as it broadens its industrial footprint.
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As of September 1, 2025, at 12:34 PM, Indian Oil Corporation share price is trading at ₹138.20 per share, reflecting a gain of 1.16% from the previous closing price. Over the past month, the stock has declined by 2.01%.
Despite global uncertainties from geopolitical conflicts and trade disruptions, IOC has delivered record sales of over 100 million tonnes in FY25, while continuing LPG supply to more than 15 crore households nationwide. Chairman Sahney stressed that every rupee invested will follow strict capital discipline to ensure long-term value.
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Published on: Sep 1, 2025, 2:37 PM IST
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