SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CPCB imposes fine of Rs 1 crore on IOC

23 Oct 2023 Evaluate

Central Pollution Control Board (CPCB) has fined Indian Oil Corporation (IOC) for not installing pollution control devices at their petrol pumps. The company has been fined Rs 1 crore. The company has received a direction from CPCB to pay compensation of Rs 1 crore for non-installation of Vapour Recovery Systems (VRS) at retail outlets in National Capital Region (NCR).

There is no impact on the operation and other activities of the company. However, the financial implication would be limited to a compensation amount of Rs 1 crore.

Indian Oil Corporation is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Indian Oil Corp. Share Price

138.65 -1.70 (-1.21%)
12-May-2026 09:57 View Price Chart
Peers
Company Name CMP
Reliance Industries 1382.90
Indian Oil Corp. 138.65
BPCL 291.00
HPCL 366.50
MRPL 157.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×