Indian Oil Corporation Limited has informed the Exchange regarding a press release dated August 19, 2025, titled "IndianOil and Air India Sign MoU for Supply of Sustainable Aviation Fuel".
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Awaiting price reaction for this filing.
Indian Oil Corporation (IOCL) and Air India signed a Memorandum of Understanding on August 19, 2025, for the supply of Sustainable Aviation Fuel (SAF). The partnership supports Air India's goal of achieving IATA Net Zero by 2050 and promotes low-carbon aviation fuels in India. IOCL's Panipat Refinery recently became the first Indian facility to receive ISCC CORSIA certification for SAF production, meeting international sustainability and lifecycle carbon emission standards. The MoU was signed by senior leadership from both companies and aims to collaborate on SAF supply for international flights while exceeding CORSIA targets.
This is a non-binding MoU rather than a firm supply contract, so near-term financial impact is limited. However, it strengthens IOCL's positioning as a first-mover in India's SAF market and could create a long-term revenue stream as aviation decarbonization picks up, which is mildly positive for the stock narrative.