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Saumitra Priya Srivastava Takes Over as Director (Marketing) at Indian Oil

Newsmantra — Mon, 06 Oct 2025 10:43:27 +0000

Before his elevation to the Board, Shri Srivastava headed the Corporate Strategy Group, where he led several strategic initiatives aimed at enhancing customer satisfaction and improving operational efficiency. He played a pivotal role in the rollout of *SPRINT*, Indian Oil’s company-wide transformation programme launched in April 2025, designed to drive agility, innovation, and future-readiness across the organisation.

With his extensive experience and strategic vision, Shri Srivastava is expected to further strengthen Indian Oil’s marketing operations and reinforce its leadership in the energy sector.

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Indian Oil Celebrating Women’s Empowerment and Leadership

Newsmantra — Wed, 03 Sep 2025 08:39:34 +0000

At the SCOPE Awards 2022–23, IndianOil’s women leaders demonstrated exceptional prowess and dedication, highlighting the organization’s commitment to women’s empowerment. Ms. Geetika Verma, Chief General Manager & State Head, Kerala State Office, received the Outstanding Women Leadership Award, while Ms. Mamoni Basumatary, General Manager (Technical), Refinery Headquarters, earned a commendation in the same category. These achievements exemplify the rising influence of women in the energy sector and reinforce IndianOil’s vision of fostering an inclusive environment that values talent, leadership, and excellence. IndianOil remains steadfast in empowering women to lead, innovate, and shape a sustainable future.

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Indian Oil honoured with three prestigious awards—Environment Excellence & Sustainable Development, Women Empowerment, and Global Outreach

Newsmantra — Mon, 01 Sep 2025 13:16:31 +0000

Indian Oil Corporation Limited (IOCL) was honored with three prestigious awards—Environment Excellence & Sustainable Development, Women Empowerment, and Global Outreach—at the SCOPE Eminence Awards Ceremony, where the accolades were presented by the President of India. Chairman Shri A. S. Sahney received the awards, marking a proud recognition of IOCL’s sustained efforts in sustainability, inclusivity, and global engagement.

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Indian Oil Officers’ Association Flags Concerns Over Strategic Changes and Manpower Reduction

Newsmantra — Thu, 10 Jul 2025 06:36:40 +0000

The Indian Oil Officers’ Association (IOOA), representing officers of Indian Oil Corporation Limited (IOCL), has raised serious concerns with top management over the push for independent or common carriers of pipelines, citing risks to operational autonomy and potential benefits to private players.

In a detailed two-page letter, IOOA questioned the transparency of decision-making processes and expressed alarm over ongoing manpower reductions in critical areas like Pipelines and R&D, warning that such moves could undermine the organization’s technical expertise and safety standards. The association urged immediate engagement to ensure that strategic restructuring does not compromise the core strengths and national role of IOCL.

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Top 10 CSR Spenders in FY24 : only three PSUs—ONGC, Indian Oil, and Power Grid—are included among the top contributors.

Newsmantra — Thu, 01 May 2025 06:12:21 +0000

NEW DELHI. Top 10 CSR Spenders in FY24: HDFC Bank and Reliance Lead the List. Notably, only three Maharatna PSUs—ONGC, Indian Oil, and Power Grid—are included among the top contributors. This highlights the significant role played by PSUs in corporate social responsibility initiatives.

ONGC Rs 634.57

Indian Oil Rs 457.71

Power Grid Corp Rs 330.48

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Indian Oil partners with Goa government to build EV Charging and Battery Swapping Stations

Newsmantra — Fri, 11 Apr 2025 06:51:24 +0000

The Goa government has teamed up with Indian Oil Corporation Limited (IOCL) to build a network of advanced battery swapping facilities and EV charging stations throughout the state.

These stations will be established in important cities like Panjim, Mapusa, Margao, and Vasco, according to Chief Minister Pramod Sawant. IOCL will be in charge of installing and maintaining advanced battery swapping stations and EV charging stations under the initiative.

Furthermore, the business will supply the state with free basic facilities like restrooms, locker rooms, and gas stations.

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Coal India, ONGC, Indian Oil, POWERGRID and NTPC lead dividend payouts

Newsmantra — Thu, 03 Apr 2025 05:21:43 +0000

The Govt of India has received a record Rs 74,016.68 crore in dividend receipts from central public sector enterprises (CPSEs) in the financial year 2024-25, surpassing the Rs 63,749.29 crore collected in FY24. The latest figures for FY25 reflect a nearly 16 percent rise over the previous year, according to official sources.

“Coal India Limited, Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation Limited (IOCL) emerged as the highest dividend-paying CPSEs for the year,” a senior government official told Moneycontrol.

Coal India Limited, the world’s largest coal-producing company, emerged as the highest contributor, remitting Rs 10,252.09 crore in dividends to the exchequer. It was closely followed by ONGC, India’s state-owned oil and gas major, which paid Rs 10,001.97 crore. Indian Oil Corporation Limited (IOCL), the country’s leading fuel retailer, contributed Rs 5,090.54 crore, while Power Grid Corporation of India Limited (PGCIL) and NTPC paid Rs 4,824.59 crore and Rs 4,088.16 crore, respectively, he said.

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Indian Oil CSR-funded projects to come up in Kalkaji

Newsmantra — Wed, 02 Apr 2025 07:25:17 +0000

Delhi Chief Minister Rekha Gupta has unveiled a series of development initiatives in Kalkaji, including the creation of two parks and the installation of three water ATM plants for slum residents. Funded through Corporate Social Responsibility (CSR) initiatives, these projects aim to enhance urban infrastructure and improve living conditions in the area. Gupta also inaugurated a wall art project, highlighting its role in beautifying the city and promoting cultural awareness. The parks, developed with a budget of Rs one crore in collaboration with Petronet LNG Limited, will provide green spaces for local residents. Indian Oil Corporation Limited will fund the three water ATM plants at a cost of Rs one crore to improve access to clean drinking water in slum areas. Additionally, Indraprastha Gas Limited will install 150 solar lights, enhancing security and energy efficiency at a cost of Rs 30 lakh. Speaking at the event, Gupta emphasized the government’s commitment to making Delhi cleaner, safer, and more beautiful, ensuring that every part of the capital is well-organized and developed.

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Indian Oil expands its initiatives for prison inmates, correctional homes

Newsmantra — Wed, 19 Mar 2025 06:27:15 +0000

Shri AS Sahney, Chairman of Indian Oil Corporation, launched Phase X of the ‘Parivartan – Prison to Pride’ initiative and Phase VII of ‘Nayi Disha – Redefining the Future’, aimed at transforming the lives of incarcerated inmates and children in correctional homes through sports. Introduced on August 15, 2021, and January 26, 2023, respectively, these programs will now benefit over 1,000 individuals across 22 prisons and five children’s correctional homes.

Speaking at the launch, Sahney emphasized the importance of giving second chances and highlighted how exposure to sports coaching and participation in competitions can help inmates channel their energy positively, instilling discipline, purpose, and hope for their reintegration into society. State officials and prison authorities expressed gratitude for this unique initiative, which has reached over 10,000 individuals across 29 states and Union Territories since its inception, with participants achieving accolades, including gold and bronze medals at the World Chess Federation (FIDE) tournament last year.

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Tata Motors & Indian Oil joins hands to start pilot project

Newsmantra — Thu, 06 Mar 2025 05:49:57 +0000

Tata Motors has launched the trials of Hydrogen Powered Heavy Duty trucks. 16 such trucks will run on several routes across the country for next 18 months. Tata says – necessary improvements will be done and then commercial production will start.

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