Indian Oil completes 37% of FY27 capex spending in first half

Indian Oil Corporation's capital spending trajectory for FY27 remains on track, with the energy major completing more than one-third of its annual investment plan during the first half of the fiscal year. The company deployed ₹12,162 crore of its budgeted ₹32,700 crore capex allocation between April and September, reflecting steady progress on major infrastructure initiatives.

Refining and marketing operations accounted for the lion's share of capital investments during the period, underscoring the company's strategic focus on expanding and upgrading its downstream assets. Several large-scale refinery expansion projects are in advanced stages of completion, positioning Indian Oil to enhance its processing capacity and market presence.

The spending pattern suggests the corporation is maintaining its investment momentum despite the capital-intensive nature of its expansion agenda. With half the fiscal year remaining, Indian Oil appears well-positioned to deploy the remaining capex allocation across its portfolio of ongoing projects.

These capital investments are central to Indian Oil's broader strategy to strengthen its refining capabilities, enhance marketing infrastructure, and support India's energy security objectives. The company continues to balance near-term project completion with longer-term growth ambitions across the hydrocarbon value chain.