IOC CMP 145. ENTRY PRICE 143.8, TARGET 150, SL 142.

IOC CMP 145. ENTRY PRICE 143.8, TARGET 150, SL 142.

Technically IOCL closed with a rise of 2% today. The stock tried to surpass its resistance price of Rs.146 but failed to close above the level. Considering a price target around Rs.150, once can buy the stock below 144 with a strict SL below Rs.142 on EOD closing basis. Potential upside would be Rs.147 and Rs.150 in few sessions.

IOCL has set a landmark price of ₹397 per kilogram for green hydrogen through a tender, marking a pivotal step in India's clean energy transition. This initiative supports national decarbonization goals and positions IOCL as a key player in the emerging green hydrogen market .Indian Oil Corporation Limited (IOCL) has recently achieved several significant milestones, underscoring its leadership in India's energy sector and commitment to sustainable development.

Latest developments : In January 2025, IOCL secured 7 million barrels of crude oil from the Middle East and Africa, including Abu Dhabi's Murban crude. This strategic move mitigates risks associated with potential disruptions in Russian oil supplies and ensures a stable feedstock for its refineries.

In December 2024, IOCL approved a ₹4,382 crore investment for a yarn manufacturing project in Bhadrak, Odisha, in partnership with MCPI Private Ltd. The facility will produce polyester chips, draw textured yarn (DTY), and fully drawn yarn (FDY), enhancing IOCL's footprint in the petrochemical sector.

IOCL is a 50% stakeholder in the Kandla–Gorakhpur LPG pipeline project, a 2,805 km pipeline connecting Gujarat to Uttar Pradesh. This infrastructure will significantly boost LPG supply across northern India, supporting energy access and economic growth.

Company profile:

Indian Oil Corporation Limited (IOCL), commonly known as IndianOil, is India's largest public sector oil and gas company, playing a pivotal role in the nation's energy sector.

Company has five main streams of business divisions :

  Refining: IOCL operates the largest refining capacity in India, with a consolidated capacity of 80.55 million metric tonnes per annum (MMTPA). The company plans to expand this capacity to 87.9 MMTPA by 2026.

  Pipelines: The company manages an extensive network of over 20,000 km of cross-country pipelines, facilitating the transportation of crude oil, petroleum products, and natural gas. This network supports a throughput capacity of approximately 125 MMTPA of oil and nearly 49 million metric standard cubic meters per day of gas.

  Marketing & Distribution: With over 61,000 customer touchpoints, IOCL boasts one of Asia's largest petroleum marketing and distribution networks. Its LPG brand, Indane, serves more than 150 million customers. The company also operates over 37,500 fuel stations across India.

  Petrochemicals: IOCL is a leading player in India's petrochemical industry, with a production capacity of nearly 3.2 million tonnes per annum. The company is investing in expanding its petrochemical facilities, including a ₹13,805 crore PX-PTA complex at Paradip Refinery.

  Alternative Energy & Sustainability: IOCL is actively pursuing green initiatives, including the development of green hydrogen plants at its Mathura and Panipat refineries. The company has also introduced India's first 100% ethanol fuel (E100) and operates over 10,000 electric vehicle (EV) charging stations across the country.