Indian Oil 2nd Interim Dividend 20% For FY26; Shares Rise 0.17%

Mumbai, March 12: Indian Oil Corporation Ltd declared a 2nd interim dividend of 20% for the financial year 2025-26 following a board meeting held on March 6, 2026. The announcement triggered mild buying interest in the stock, which traded at ₹160.90, up 0.17% as of 12:44 PM IST on March 12, 2026, according to exchange data.

The board approved an interim dividend of ₹2.00 per equity share with a face value of ₹10 each. The payout represents 20% of the face value. The decision was communicated through an exchange filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

The company stated that the dividend will be paid to eligible shareholders on or before April 5, 2026.

The board meeting that approved the dividend commenced at 01:00 PM and concluded at 01:30 PM on March 6, 2026, as disclosed in the regulatory communication.

Share Price Movement Following Announcement

Indian Oil share price were trading at ₹160.90, rising 0.17% so far as of 12:44 PM IST on March 12, 2026. The stock opened the session at ₹157.40 and moved higher during the session following the dividend confirmation.

The stock touched a high of ₹161.30 and a low of ₹154.06 so far in the trading session. The previous closing price stood at ₹160.63.

The modest gain suggests investors largely anticipated the dividend announcement after the company informed exchanges on February 26, 2026 that its board would consider an interim payout.

Record Date And Eligibility Details

The board fixed March 12, 2026 as the record date to determine shareholder eligibility for the dividend distribution. Shareholders holding the company’s equity shares as of the record date will qualify for the payout.

The dividend payment will be processed in accordance with applicable settlement cycles and shareholder records maintained by the depositories and registrar.

Such interim distributions are common among large public sector energy companies with stable cash flows from refining and fuel marketing operations.

Company Background

Indian Oil Corporation Ltd is one of India’s largest integrated oil and gas companies and operates under the ownership of the Government of India. The company manages a wide network of refineries, pipelines and fuel distribution infrastructure across the country.

Its business spans refining, petroleum product marketing, pipeline transportation and petrochemicals. Indian Oil also participates in exploration activities through joint ventures and subsidiaries.

The company plays a central role in India’s energy supply chain, supplying fuels including petrol, diesel, LPG, aviation turbine fuel and petrochemical feedstocks.

Conclusion

The declaration of a 20% second interim dividend for FY2025-26 reflects Indian Oil’s ongoing cash generation from its core refining and marketing operations. With the record date set for March 12, 2026 and payment scheduled on or before April 5, 2026, eligible shareholders will receive ₹2.00 per share as the interim payout.

Source:

• https://www.nseindia.com/get-quote/equity/IOC/Indian-Oil-Corporation-Limited
• https://nsearchives.nseindia.com/corporate/IOC_06032026133807_Reg_30_Outcome_of_Board_Meeting_2nd_Int_Dividend_2025_26_S.pdf