OICHARTS
8 AMThe 8 AM report →
EnergyManufacturingHigh impactPre-market

Indian Oil forms joint venture for sustainable aviation fuel

pre-market1 source ↓written by the desknot a recommendation

joint venture
₹1,063.60 cr
is pending necessary
50:50 partnership

Indian Oil Corporation approved a ₹1,063.60 cr joint venture with M11 Energy Transition to establish a 100 KTPA HEFA-based Sustainable Aviation Fuel project at Paradip. This 50:50 partnership is pending necessary regulatory approvals from NITI Aayog and DIPAM before operational commencement.

This move positions Indian Oil to capitalize on the growing demand for sustainable fuel solutions in aviation, potentially enhancing its market presence in the energy sector.

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 20 May 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed +2.3% on the day of the news, from ₹135.00 to ₹138.04; Nifty +0.2% over the same session; futures OI −2.8%.

Bulletin at 07:04 IST on 20 May 2026. Every change is measured from ₹135.00, the last close before it, on 19 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 it123.71135.00146.29axis spans 18%before the news · 19 May135.00Nifty 50IOCbulletinD0+1+3+513 May25 May4 JunFutures open interest, lotspeak 25,000Reference close ₹135.00. 16 sessions from 13 May to 4 Jun; the price axis spans 18 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 %
Before19 May₹135.00basebase
On the day20 May₹138.04▲ +2.3%▲ +0.2%+2.1 pp difference
+1 session21 May₹140.53▲ +4.1%▲ +0.2%+3.9 pp difference
+3 sessions25 May₹143.95▲ +6.6%▲ +1.8%+4.9 pp difference
+5 sessions27 May₹143.94▲ +6.6%▲ +1.2%+5.4 pp difference
Gap at the open, % · ₹
▼ −0.2%−0.32 on 20 May
Day's range, % · ₹
4.1%≈ 5.5 high to low
Volume on the day
1.80×the 20-session average
Futures OI on the day
▼ −2.8%−690 lots · short covering · price +2.3%
Futures OI open, lots
24,00020 May · 26 May expiry
Futures premium, ₹
−0.030.0% to spot
Puts per call, by OI
0.68from 0.62 the session before
Max pain
140from 140 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

Thread · IOCAll IOC bulletins →

Related