Indian Oil Corporation Limited (IOCL) has assured consumers that fuel supply across the country remains uninterrupted. All fuel stations nationwide are fully operational with adequate stocks of petrol, diesel, and other petroleum products. Consumers have been advised to rely only on verified information and continue refuelling as usual.

Apprenticeship Recruitment 2026

In addition to ensuring fuel supply, IOCL has released the IOCL Apprenticeship Recruitment 2026 notification, which aims to fill 405 apprentice posts. This recruitment drive is designed to engage trade, technician, and graduate apprentices under the Apprentices Act.

Candidates interested in applying for the apprenticeship programme must meet specific educational and age requirements outlined in the official notification. The minimum age to apply is 18 years, while the maximum age is set at 24 years.

The apprenticeship programme provides candidates with hands-on training in technical and operational roles within IOCL facilities, equipping them with valuable skills for the oil and energy sector.

Interim Dividend Announcement

Furthermore, Indian Oil Corporation Ltd has announced an interim dividend of Rs. 2.00 per share, with both the ex-date and record date set for 12 March 2026. This announcement reflects IOCL’s commitment to returning value to its shareholders amidst ongoing operations.

As IOCL continues to navigate the complexities of the energy market, the company remains focused on maintaining its supply chain and providing opportunities for skill development through its apprenticeship programme.

Details remain unconfirmed regarding any future changes in fuel supply dynamics or additional recruitment initiatives beyond the current announcements.

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On March 6, 2026, Indian Oil Corporation Limited announced a second interim dividend of 20% for the financial year 2025-26. This decision was made during a Board meeting held on the same day, marking a significant development for the company and its shareholders.

The declared dividend amounts to Rs. 2 per equity share of Rs. 10 each. This follows the first interim dividend of ₹5 per share, which had a record date of December 18, 2025. Additionally, the final dividend for the previous financial year was ₹3 per share, with a record date of August 8, 2025.

The record date to determine eligible shareholders for this interim dividend is set for March 12, 2026. Payment to these shareholders will be made on or before April 5, 2026. This timeline is crucial for investors who are looking to benefit from the announced dividend.

Shareholders should also be aware of the tax implications associated with this dividend. Resident shareholders with a valid Permanent Account Number (PAN) will face a 10% Tax Deducted at Source (TDS), while those without a valid PAN will incur a 20% deduction from their dividend payments. To avail of TDS benefits, shareholders must submit the necessary documents by the March 12 deadline.

As of the announcement date, Indian Oil’s market capitalisation stands at ₹2.41 lakh crore. However, it is noteworthy that the stock experienced a decline of around 9% in the week leading up to the dividend announcement, which may have raised concerns among investors.

This sequence of events is significant for shareholders, as the interim dividend provides a return on their investment and reflects the company’s financial health. The announcement also underscores Indian Oil’s position as India’s largest state-owned oil and gas company, which plays a vital role in the country’s energy sector.

Overall, the declaration of the interim dividend is a positive development for Indian Oil Corporation Limited and its shareholders, offering them a financial incentive amidst fluctuating market conditions. Details remain unconfirmed regarding any further implications or future dividends.

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