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Grievance Status for registration number: GOVUP/E/2024/0076712Grievance Concerns ToName Of ComplainantAnil Kumar MauryaDate of Receipt25/10/2024Received By Ministry/DepartmentUttar PradeshGrievance DescriptionThe matter concerns the working of the sub divisional magistrates sadhar District Mirzapur who is overlooking the construction in the area declared a danger zone under the notification and…

M11 Energy Transition SAF JV has emerged as one of the most closely watched partnership structures in India’s energy transition space after IOCL approved a Rs 1,063-crore sustainable aviation fuel project at Paradip. The significance of the announcement lies less in the SAF project itself and more in IOCL’s decision to form a 50:50 joint venture with relatively low-profile M11 Energy Transition Pvt Ltd. Indian Petroplus analysis indicates that the equal-control structure marks a major departure from IOCL’s traditional majority-led joint venture approach.

The project will produce 100 KTPA of HEFA-based sustainable aviation fuel using hydroprocessed esters and fatty acids technology. While HEFA processing technology is commercially mature and globally available through established licensors, the real challenge lies in feedstock aggregation and sustainability certification.

This is where the strategic importance of the M11 Energy Transition SAF JV becomes critical. Feedstock sourcing for used cooking oil, vegetable oils and other lipid-based inputs requires specialised logistics, supplier networks and certification capability that IOCL may not currently possess internally at commercial scale.

The equal-equity structure suggests M11 may be contributing binding-constraint capabilities linked to feedstock supply chains and sustainability compliance systems. The project’s success will depend heavily on whether these capabilities are genuine and scalable.Indian Petroplus analysis suggests that the upcoming reviews by NITI Aayog and DIPAM will become the first public test of the partnership rationale. If approved smoothly, the Paradip SAF structure could become a template for future energy-transition JVs across India’s PSU refining ecosystem.

The same crisis, three different bills is becoming the defining pattern across India’s downstream energy chain after the Hormuz disruption. The latest quarterly results from IOCL, IGL and Somany Ceramics show that refiners, gas distributors and industrial consumers are each absorbing the same energy shock through entirely different financial mechanisms. Indian Petroplus analysis indicates that the current pricing architecture is creating asymmetric pressure across the fuel ecosystem rather than distributing costs evenly.

IOCL posted a sharp jump in quarterly profitability as refining margins expanded due to favourable crude spreads and discounted imports. However, the refining windfall is simultaneously being used to absorb heavy marketing under-recoveries on LPG, diesel and petrol. The stronger refining segment is effectively subsidising retail fuel losses.

The situation looks very different for city gas distributors. IGL reported record gas sales volumes but declining profitability because regulated tariffs prevented full pass-through of rising LNG-linked input costs. Reduced APM gas allocation and higher spot LNG dependence have compressed margins despite stable demand growth.

Meanwhile industrial consumers like Somany Ceramics have managed to preserve profitability by transferring higher gas costs downstream through product price increases. The ceramics sector successfully protected EBITDA margins even after significant energy-cost inflation.The same crisis, three different bills therefore reflects a structural policy outcome where each tier absorbs the Hormuz shock differently depending on pricing flexibility and regulatory constraints. Indian Petroplus analysis suggests that future stress will intensify if crude prices rise further or Russian crude waivers tighten.

IOCL mini FSRU tender is reshaping LNG contracting dynamics in India, signalling that the IOCL mini FSRU tender is no longer a standard EPC opportunity but a long-term lifecycle obligation. According to Indian Petroplus analysis, the structure integrates construction and operations into a single 27-year commitment, fundamentally altering how contractors evaluate risk and returns.

The IOCL mini FSRU tender combines a two-year EPC phase with a 25-year operations and maintenance mandate, making long-term performance the core commercial driver. Unlike traditional EPC projects, where risk is front-loaded, this model extends accountability into continuous gas supply, system uptime, and operational efficiency. Indian Petroplus highlights that contractors are effectively transitioning into long-term asset operators.

Risk distribution under the IOCL mini FSRU tender is significantly broader. Contractors must account for inflation, maintenance cycles, regulatory evolution, and operational disruptions over decades. The requirement for uninterrupted LNG supply and minimal flaring further intensifies execution complexity.

Pricing remains the biggest challenge. With lifecycle NPV-based evaluation, bidders must accurately model long-term costs and uncertainties. Indian Petroplus analysis suggests that mispricing future risks could compress margins over time.In summary, the IOCL mini FSRU tender signals a structural shift toward lifecycle-based LNG contracting, where execution, operations, and financial modelling converge to define project viability, IOCL, Mini FSRU, FSRU Tender, LNG Infrastructure, Floating Storage Regasification, LNG India.

We are proud to announce the inauguration of the Gastro & Colono Videoscope at BIACH&RI, generously donated by Indian Oil Corporation Ltd. (IOCL).

The inauguration was led by our Chairman, Padma Bhushan Awardee Shri Nandamuri Balakrishna Garu, along with Trust Board Member Shri JSR Prasad Garu, CEO Dr. K. Krishnaiah Garu, Medical Director Dr. T. Subramaneyswara Rao Garu, Medical Superintendent Dr. Phani Koteswara Rao Garu, CFO Shri Alwar Narayanan Garu, and Dr. Senthil J. Rajappa Garu, HOD & Chief Medical Oncology.

We were honoured by the presence of Mr. Piyush Mitta (Executive Director, IOCL) and Mr. Kailash Kanth (CSR Head, IOCL), whose generous support strengthens our diagnostic capabilities. Our Chairman and Trust Board Member felicitated Mr. Piyush Mitta in appreciation of IOCL’s valuable contribution to advancing cancer care.

Kickstart your PSU career with IOCL Bongaigaon Refinery Apprentice Recruitment 2026! This is a great opportunity for B.Sc and Diploma holders to gain hands-on training in one of India’s leading oil and gas companies. With 88 apprentice vacancies across Chemical, Mechanical and Instrumentation trades, eligible candidates can secure valuable refinery experience and boost their future job prospects.

🚨 Pipeline Danger Zone: The Unresolved Encroachment Crisis in Mirzapur The ongoing dispute in Mirzapur regarding unauthorized construction near an Indian Oil Corporation Limited (IOCL) pipeline at chainage 390.555 km highlights a critical public safety failure. Despite repeated official complaints spanning over a year, the issue remains unresolved due to a bureaucratic deadlock between the local…