Question: iocl is psu or not?
Answer: Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company. ... It has now been unseated as the most profitable PSU by IOC. In the previous 2015-16 fiscal, IOC had a net profit of Rs 11,242.23 crore as compared to ONGC's Rs 16,140 crore.