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Indian Oil forms joint venture for sustainable aviation fuel project

pre-market1 source ↓written by the desknot a recommendation

with M11 Energy
50:50 joint venture
Sustainable Aviation Fuel
100 KTPA
made
18 May 2026

Indian Oil Corporation has approved a 50:50 joint venture with M11 Energy Transition Pvt. Ltd. to establish a 100 KTPA Sustainable Aviation Fuel project at Paradip. This decision, made on 18 May 2026, awaits further approvals from regulatory authorities before it can commence operations.

The venture highlights Indian Oil's commitment to sustainable energy solutions and could position it favorably in the growing aviation fuel market. ⚡

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 May 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed +2.4% on the day of the news, from ₹131.81 to ₹135.00; Nifty −0.1% over the same session; futures OI −0.9%.

Bulletin at 07:04 IST on 19 May 2026. Every change is measured from ₹131.81, the last close before it, on 18 May. Nifty 50 is measured over the same sessions.

  • IOC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IOC closes around the bulletin against the close before the news, with Nifty 50 rebased to it120.79132.37143.95axis spans 19%before the news · 18 May131.81Nifty 50IOCbulletinD0+1+3+512 May22 May3 JunFutures open interest, lotspeak 25,000Reference close ₹131.81. 16 sessions from 12 May to 3 Jun; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before18 May₹131.81basebase
On the day19 May₹135.00▲ +2.4%▼ −0.1%+2.6 pp difference
+1 session20 May₹138.04▲ +4.7%0.0%+4.7 pp difference
+3 sessions22 May₹139.47▲ +5.8%▲ +0.3%+5.5 pp difference
+5 sessions26 May₹142.38▲ +8.0%▲ +1.1%+6.9 pp difference
Gap at the open, % · ₹
▲ +1.7%+2.29 on 19 May
Day's range, % · ₹
2.2%≈ 2.8 high to low
Volume on the day
1.71×the 20-session average
Futures OI on the day
▼ −0.9%−220 lots · short covering · price +2.4%
Futures OI open, lots
25,00019 May · 26 May expiry
Futures premium, ₹
−0.13−0.1% to spot
Puts per call, by OI
0.62from 0.71 the session before
Max pain
140from 140 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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