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Indian Oil Corporation has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, a senior company official said on Tuesday. The projects include 'grass-roots terminal' at Asanur and Vallur, 'captive petroleum' project, oil and lubricant-LPG jetty at Kamarajar port among others, Indian OilCorporation Ltd executive director and Tamil Nadu State Head, V C Asokan told reporters here. The company would also take up the work for setting up the integrated Lube complex at Ammulaivoyyal village on the outskirts of Chennai, apart from the ongoing projects in the Ennore-Tiruvallur sector, Bengaluru-Puducherry-Nagapattinam-Madurai-Turicorin gas pipeline and augmentation of Chennai-Tiruchirappali-Madurai pipeline projects, he said. Asokan was here to review and deliberate on the LPG Bottling plant near Kinathukadavu on the outskirts about its LPG storage and distribution infrastructure. The joint
Sri Lanka has given approval for India's Lanka Indian Oil Corporation to open 50 new fuel stations, as part of efforts to reduce severe shortages that have crippled the island nation.
Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel
IOCL operates a network of more than 15,000-km long crude oil, petroleum product and gas pipelines
Securities worth SGD 400 million and $1.4 billion, issued in 2012, 2013 and 2019 respectively are now listed," a statement from IFSC said.
The firm is in the process of setting up one-tonne-per-day pilot plants based on four innovative hydrogen production technologies
Expects diesel demand to reach pre-Covid levels by Diwali
The firm has leveraged its expertise and reach to bolster India's Covid-19 vaccination program
Firm started completion of as many as 336 projects since easing of curbs on April 20, and 50 more since July first week
IOC said the company is consistently valuing its inventories at cost or net realisable value (NRV) whichever is lower
Firm says consumption of all petroleum products put together almost doubled in May over April levels
IndianOil sells about 300,000 cylinders every day and has a refining capacity of about 81 million tonnes
PSU major plans to ramp up retail outlet network in the state, upgrade storage and fuel handling; two mega gas distribution projects on anvil
GSPL LNG is a joint venture of Gujarat State Petroleum Corp and Adani Enterprises
26,000 plus dealers will give timely information on effective prices at pre-designated time
IndianOil and NOC are tying up to expand Modi's pet project PMUY to Nepal