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Indian Oil Corp (IOC) News
Indian Oil Corp (IOC)
IOC launches common Indane gas booking number for LPG cylinder refills across India
Thu, Oct 29, 2020
Indian Oil has started one common number for Indane LPG refill booking across the country for customer convenience.
How to get petrol pump dealership? Check how to apply to open fuel station
Mon, Feb 25, 2019
There are number of questions like investment required to run a petrol pump, process of acquiring a license, required land and so on. Several oil companies like Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), Indian Oil (IOCL), Essar Oil or any other oil company provides their dealership to people.
Indian Oil Corporation to raise USD 3 bn more in overseas loan
Wed, Jan 16, 2019
"The three OMCs (oil marketing companies) were allowed to raise USD 10 billion and we reckon our share of that would be around USD 5 billion," he said. "We will certainly look at opportunities to raise overseas funds."
Market closing: Sensex jumps close to 300 points, Nifty closes 80 points up
Fri, Dec 28, 2018
In what was another cheerful day for traders, BSE Sensex rocketed 380 points up, whereas Nifty 50 surged 110 points breaching 10,900, levels during the session. The 30 share Sensex closed at 36,076.72, climbing 270 points or 0.75 per cent up.
IOC to buyback over 3% equity shares for Rs 4,435 cr
Fri, Dec 14, 2018
Indian Oil Corp on Thursday announced a buyback of 3.06 per cent equity shares at a price of Rs 149 per stock for a consideration not exceeding Rs 4,435 crore.
India may continue with its purchase of crude oil from Iran despite US sanctions
Sat, Oct 06, 2018
The United States plans to impose new sanctions targeting Iran`s oil sector on Nov. 4 to try to stop the country`s involvement in conflicts in Syria and Iraq and bring Tehran to the negotiating table over its ballistic missile programme.
Ratnagiri refinery: Indian Oil, others set up panel to settle land acquisition issues
Mon, Sep 24, 2018
For the project, IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have come together. Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) of UAE too have picked up a stake in the project.
IOC says will invest Rs 20,000 cr in city gas projects in 5-8 yrs
Mon, Aug 13, 2018
Indian Oil Corp (IOC), the nation's largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to complement its traditional oil refining and marketing business, its chairman Sanjiv Singh said today.The firm, which owns a third of India's oil refining capacity and has 44 per cent market share of fuel business, sees compressed natural gas (CNG) replacing a some of the petrol and diesel consumed in vehicles today and LPG getting replaced by piped cooking gas in households.
Billionaire Gautam Adani led group bags this big project across 21 cities
Mon, Aug 13, 2018
According to the Petroleum and Natural Gas Regulatory Board (PNGRB), IOC on its own won rights to seven cities, including Coimbatore and Salem in Tamil Nadu and Guna in Madhya Pradesh.
IOC bids for stake in Vietnam's Binh Son refinery
Sun, Mar 04, 2018
IOC is among the at least four companies that have evinced interest in becoming strategic partner in Binh Son Refining and Petrochemical Company (BSR) by taking 49 per cent stake
Saudi Aramco looking to buy stake in existing Indian refineries
Sat, Feb 24, 2018
The company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra
Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04
Sun, Apr 16, 2017
The hike comes the on back of a Rs 4.85 per litre reduction in rates of petrol and Rs 3.41 a litre in diesel effected from April 1.
Indian Oil to supply fuels to Nepal for five years
Tue, Mar 28, 2017
India was discussing plans to supply gas to Nepal, Indian oil minister Dharmendra Pradhan said at the same news conference.
Indian consortium eyes stake in Russian Arctic oilfield
Wed, Oct 12, 2016
Oil India Limited (OIL), Indian Oil Corp (IOC) and Bharat PetroResources Ltd (a unit of Bharat Petroleum Corp Ltd or BPCL) is looking at buying a stake in Suzunskoye, Tagulskoye and Lodochnoye fields - collectively known as Vankor Culster, sources privy to the development said.
Aviation stocks unmoved as Indian Oil Corp hikes ATF prices
Wed, Oct 05, 2016
State-owned Indian Oil Corp (IOC) on Wednesday hiked the aviation turbine fuel (ATF) prices by nearly 3% in metro cities like Delhi, Kolkata, Mumbai and Chennai.
Monsoon to keep India's diesel exports near three-year high
Thu, Sep 22, 2016
The increase in shipments from the world`s no. 3 oil consumer has driven the profit margin for refining diesel in Asia to a seasonal six-year low.
Petrol price hiked by Rs 58 paise; Diesel price gets cut by Rs 31 paise
Thu, Sep 15, 2016
“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and decrease in selling prices of Diesel, the impact of which is being passed on to the consumers with this price revision.” said IOC.
OMCs' free-cash flow to remain negative on high capex plans: Fitch
Tue, Sep 13, 2016
The OMCs aim is to improve refining complexity and meet new fuel standards.
Indian Oil 2nd most profitable PSU; posts Rs 10,399 crore profit in FY16
Fri, May 27, 2016
Turnover, dipped 11.4% to Rs 450,738 crore on back of drop in oil prices.
India's fuel demand likely to rise 7.3% in FY17
Tue, Apr 26, 2016
ATF or jet fuel sale is projected to rise 3.9% to 6.18 million tonnes.