Company Clarification on News Item
Date of Communication: 1st October 2026
Nature of Query: The National Stock Exchange of India Limited sought clarification via letter/e-mail Ref. No. NSE/CM/Surveillance/17637 dated 30 September 2026 regarding a news item appearing in The Hindu titled "Indian Oil plans to launch packaged drinking water under own brand across 43,000 fuel outlets."
Company's Clarification:
- The initiative is described as a routine commercial proposal to augment the Non-Fuel Revenue (NFR) of the Company
- IndianOil continuously explores various business opportunities and customer-centric initiatives in the ordinary course of business to earn NFR by leveraging its extensive Retail Outlet (RO) network
- The Company has only floated an Expression of Interest (EoI) to seek interest of aggregators for the business proposal
- The initiative, if implemented across Retail Outlets in phases, would not have a material financial impact on the Company
Financial Context Provided:
- Consolidated revenue of ₹9,01,452 crore during 2025-26
- Consolidated profit of ₹43,667 crore for 2025-26
- Net worth of ₹2,25,547 crore as on 31.03.26
Regulatory Compliance: The response represents standard regulatory compliance with exchange disclosure requirements, though no specific SEBI regulation is cited in the document.
Topic Tags: Regulatory Response, Business Initiative Clarification, Non-Fuel Revenue, Retail Network Expansion, Compliance Disclosure