IOC signs LOI with Akasa Air for Sustainable Aviation Fuel supply

Strategic Transactions View source PDF Explain this filing

IOC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹162.90

prior close

₹163.52

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.3%-0.2% vs market

Refineries & Marketing peers, median of 11sector+1.5%-1.4% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 1.4 pts less than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.3

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.3-0.2+1.5-1.4

Next day

-0.1-0.2+0.1+0.5-0.6

+1.1-1.1+2.2+1.2-0.0

+2.6+1.4+1.1+2.8-0.3

+6.0+1.7+4.3+4.5+1.4

+8.0+1.2+6.8+4.4+3.5

+8.0+2.1+5.9+5.3+2.7

15d

+6.7+0.6+6.1+3.1+3.6

+9.9-1.5+11.4+2.3+7.7

-16.5-11.8-4.6-3.6-12.9

-11.4-3.2-8.2+4.7-16.2

UpDownMarket · Nifty 100Sector · Refineries & Marketing peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indian Oil Corporation signed a Letter of Intent (LOI) with Akasa Air at Wings India 2026 in Hyderabad to explore Sustainable Aviation Fuel (SAF) supply. The LOI sets a framework to support Akasa Air's sustainability goals. Both firms will evaluate potential SAF supply volumes, delivery locations, timelines, sustainable feedstocks and production pathways. This is an exploratory step and not a binding supply deal yet.

Likely market impact

Positive sentiment on IOC's clean energy push; no immediate financial impact as the LOI is exploratory and non-binding at this stage.