Indian Oil Corp. Ltd. announced that three new Independent Directors have been appointed on the Board of the company with effect from March 29, 2012: (1) Smt. Shyamala Gopinath; (2) Smt. Sushama Nath; (3) Shri. Shyam Saran. Further, the company has notified that Prof (Dr.) Indira J. Parikh has ceased to be an Independent Director of the company with effect from March 30, 2012.