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 available for consumers. In light of recent events, consumers have been advised to rely only on verified information and continue refuelling as usual.

Apprenticeship Recruitment 2026

In addition to ensuring fuel availability, IOCL has announced the release of the IOCL Apprenticeship Recruitment 2026 notification, which seeks to fill 405 apprentice posts. This recruitment drive aims to engage trade, technician, and graduate apprentices under the Apprentices Act, providing candidates with hands-on training in technical and operational roles within IOCL facilities.

To apply for the apprenticeship programme, candidates 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, allowing a broad range of young individuals to participate in this opportunity.

Interim Dividend Announcement

Furthermore, IOCL has declared 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 the company’s ongoing commitment to its shareholders and its strong financial position.

As IOCL continues to navigate the complexities of the oil and energy sector, these developments highlight its dual focus on maintaining essential services while fostering new talent through apprenticeship programmes. The combination of uninterrupted fuel supply, recruitment initiatives, and shareholder returns underscores IOCL’s strategic approach to growth and stability.

Details remain unconfirmed regarding any potential changes to the apprenticeship programme or further financial announcements. Stakeholders are encouraged to stay updated as IOCL progresses with its initiatives in the coming months.

The post Iocl: Fuel Supply Remains Uninterrupted Amid New Developments appeared first on bangalinews.

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.

The declared dividend amounts to Rs. 2 per equity share of Rs. 10 each, marking a significant return for shareholders. The payment to eligible shareholders is scheduled to be made on or before April 5, 2026.

To determine eligible shareholders, a record date has been fixed for March 12, 2026. This means that only those who hold shares by this date will qualify for the dividend payout.

This announcement follows a previous interim dividend of ₹5 per share, which was declared with a record date of December 18, 2025. Additionally, a final dividend of ₹3 per share was issued earlier, with a record date of August 8, 2025.

For resident shareholders possessing a valid Permanent Account Number (PAN), a 10% Tax Deducted at Source (TDS) will apply. Conversely, shareholders without a valid PAN will face a higher deduction of 20% from their dividend payments.

Shareholders are reminded that the deadline to submit documents for TDS benefits is also March 12, 2026. This is crucial for those looking to minimize their tax liabilities on the dividend received.

As of March 6, 2026, Indian Oil’s market capitalisation stands at ₹2.41 lakh crore. However, it is noteworthy that the company’s stock declined approximately 9% in the week leading up to this dividend announcement.

The declaration of the interim dividend is significant for shareholders, as it reflects the company’s financial health and commitment to returning value to its investors. The timing and amount of dividends can influence market perceptions and investor confidence.

Overall, this announcement is a key development for those invested in Indian Oil Corporation Limited, and it highlights the ongoing financial strategies employed by the company to engage with its shareholders.

The post Indian oil interim dividend appeared first on bangalinews.