| Refining and Petrochemicals | Refining of crude oil and production of fuels, lube base stocks, petrochemical feedstocks, and specialty products. | Strategic location in South India, integrated refining-petrochemical operations, strong backing from Indian Oil Corporation, and advanced process technologies. | B2B - fuel distributors, petrochemical manufacturers, aerospace (ISRO, DRDO); growing B2C via retail fuels post marketing license. | Specialty products like Pharma Grade Hexane, sustainable aviation fuel, lube oil base stocks. | 59466 | 100 | Fuel sales, petrochemical feedstocks, specialty products; majority marketed through Indian Oil Corporation and direct sales. | Mostly volume-based sales contracts, some direct marketing; pricing influenced by global crude and product benchmarks. | Increased throughput, expanded product portfolio including sustainable fuels, and refinery upgrades boosting margins. | Manali Refinery Products, Pharma Grade Hexane, Isrosene |