Indian Oil Corp

'Stellar' performance, says IOC as market share climbs to 43% in FY23

State-owned Indian Oil Corporation (IOC) on Monday said its fuel market share climbed to 43 per cent in the fiscal year that ended on March 31 during which all its divisions posted stellar performance. IOC, the nation's top oil firm, added almost 1,800 petrol pumps, clocked highest ever throughput at its refineries, posted a 14 per cent jump in fuel sales and registered the highest-ever pipeline expansion during 2022-23 (April 2022 to March 2023), the firm said in a statement. The company owns about a third of India's oil refining capacity and about half of the nation's fuel retailing infrastructure. IOC chairman S M Vaidya said the company's refineries clocked the highest-ever throughput of over 72.4 million tonnes in 2022-23, compared with 67.67 million tonnes in the previous fiscal year. Its liquid pipelines throughput jumped from about 83.25 million tonnes in 2021-22 to the highest ever 94.7 million tonnes. IOC also registered the highest-ever pipeline expansion of about 2,450

Russia's Rosneft signs deal to boost oil supplies to Indian Oil Corp

MOSCOW (Reuters) - Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday.

Indian Oil clarifies on Adani Gas deal after public scrutiny: Report

An Indian Oil spokeswoman said on Thursday that the agreement with Adani was signed very recently and there was no commitment on capacity use

ONGC, Indian Oil, Power Grid, SAIL top profit making PSUs in FY22

The net profit of operating public sector enterprises jumped 50.87% to Rs 2.49 trn during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers

Indian oil refiners scout for term deals ahead of EU's ban on Russian crude

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU

Rupee gains on report of RBI nudging oil firms to reduce dollar buys

Central bank's rate hike and easing dollar index lend support to domestic currency

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker

The cracker annually consumes about 2.3 million tonnes of naphtha and produces 857,000 tonnes of ethylene

Climate change as business: Crisis, opportunity and everything in between

As the world changes with changing realities, some businesses will suffer. But in any case India has an unplanned advantage: It has to destroy less of the old to make way for the new, writes T N Ninan

Top refiner Indian Oil Corp to spend $25 bn for 2046 net-zero goal

The company plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman SM Vaidya said at an annual shareholders meeting

Indian Oil aims to restart Paradip refinery from mid-Sept: Report

Indian Oil Corp will restart crude processing at its 300,000 barrel per day Paradip refinery in eastern Odisha state from mid-September after a 45-day maintenance turnaround

IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14 in Q1FY23: Report

The nation's largest oil refining and fuel retailing firm reported a net loss of Rs 1,993 cr in April-June qtr compared to Rs 5,941 cr of net profit in the same period a year back

Top headlines: HDFC Q1 net rises 22%; IOC posts Rs 1,993-cr net loss in Q1

Swiggy announced on Friday that it has extended its 'Future of Work' policy and announced a permanent work-from-anywhere for majority of roles.

China facing stiff competition for its favourite Russian oil from India

India has ramped up purchases of crude from Russia's far east, a grade that's typically favored by Chinese oil refiners

Top 20 dividend-paying firms raise shareholder rewards in FY22: Experts

Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal

Petrol export duty: Will RIL shares fall more after Friday's 9% slide?

The bias for Reliance remains positive, with strong support seen at the 50-WMA, below which the next significant support is at Rs 2,350.

Russia's Rosneft ramps up oil sales to Indian Oil in May: Traders

Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's top refiner

Indian Oil launches methanol-blended petrol on pilot basis in Assam

Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.

Indian Oil Corp buys 4 million bbls of crude via tenders: Report

Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

IOC, L&T, ReNew announce joint venture for India green hydrogen business

IndianOil and L&T to form separate JV to manufacture and sell electrolysers.

Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%

CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers