Page 2 - Indian Oil Corp

Indian Oil follows billionaires Ambani, Adani in green hydrogen bet

Green hydrogen, produced from water and green electricity and considered the cleanest form of fuel, is a potential path to decarbonize heavy industries

Indian Oil, L&T and Renew to form JV to develop green hydrogen business

The three companies Indian Oil, L&T and Renew will hold equal stakes in the proposed JV which will develop green hydrogen assets in India.

S Jaishankar visits Lanka IOC to take stock of fuel supply situation

EAM S Jaishankar visited Lanka IOC, the local subsidiary of India's oil major Indian Oil Corporation here and took stock of the island nation's fuel supply situation

Indian Oil to raise petrol, diesel prices by 80 paise per litre from Friday

A litre of petrol will cost Rs 97.81 rupees while diesel will be sold at Rs 89.07 in Delhi

Indian shares fall as oil prices climb; banks, consumer companies weigh

State-controlled fuel retailers in India, which is the world's third-biggest consumer and importer of oil, will raise petrol and diesel pump prices for the first time since November

India to raise petrol, diesel prices after 4-month hiatus, say dealers

India's three state-run fuel retailers - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - dominate fuel retailing in India, and tend to move their prices together

IOC's June oil imports to be via tenders after snap 9 mn bbl deal: Report

On Friday, IOC purchased 9 million barrels of crude which are expected to be delivered in May.

Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

Indian Oil Corp (IOC) will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said

Sensex snaps 7-day losing run, soars 1,329 pts; Nifty tops 16650; PSBs zoom

CLOSING BELL: Sectorally, the Nifty Realty and PSB indices logged the sharpest rebound today with 5 per cent gain each on the NSE

Trading strategies for oil-related stocks as Brent crude tops $105 level

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.

New policy to cut green hydrogen cost by 40-50%, says Indian Oil

Oil refineries, fertiliser plants and steel units use hydrogen as process fuel to produce finished products.

Sukla Mistry takes over as first woman director on Indian Oil board

Sukla Mistry on Monday took over as the first woman functional director on the board of Indian Oil Corporation (IOC), the nation's largest oil refining and fuel marketing company. She has taken over as Director (Refineries) of IOC, India's highest-ranked energy public sector enterprise, the company said in a statement. "Mistry is the first woman functional director on the IOC board." She will also be holding the positions of director on the board of Chennai Petroleum Corporation Ltd (CPCL) and the 60 MMTPA Ratnagiri Refinery & Petrochemical Ltd, the world's largest grassroots refinery project coming up in Maharashtra. Mistry will continue to hold the post of non-executive director on the board of IHBL, a joint venture company of three leading oil and gas central PSUs. As Director (Refineries), she "shall spearhead the business and operations of nine refineries and petrochemical plants of IOC," it said. IOC is the nation's top refiner with a group refining capacity of 80.55 million

Indian Oil Corp reports over 19% jump in Q3 net profit at Rs 5,861 crore

Revenue from operations rose nearly 35% to Rs 1.98 trillion

Indian Energy Exchange divest 4.93% equity stake to Indian Oil Corp

India Energy Exchange on Wednesday announced divesting 4.93 per cent equity stake to India's largest oil company Indian Oil Corporation. IEX chairman and managing director SN Goel said that the move augurs well in the joint endeavour to build the gas market in India and is aligned with the government's vision of accelerating the share of gas in the energy mix to 15 per cent by 2030. "We strongly believe that IndianOil will bring huge value through guidance and support to our new initiative of IGX. IndianOil ... their huge expertise in the gas sector will help add new products for Indian markets," Goel said in a statement. Indian Oil has a diversified presence across oil, gas, petrochemicals, and fertilizer segments. At Indian Oil, we acknowledge the important role Indian Gas Exchange has to play in building a gas-based economy and also creating vibrant gas markets in the country," Indian Oil chairman Shrikant Madhav Vaidya said. Energy major Indian Oil has presence in almost all t

Sri Lanka signs deal to lease oil tanks to Indian Oil amid financial crisis

Sri Lanka signed a deal with the local unit of Indian Oil Corp, Lanka IOC, to lease 75 oil tanks, as the island moved closer to securing a $500 million fuel credit line from India

High-level IOC team in Bengal's Haldia to probe refinery fire

Chief Minister Mamata Banerjee condoled the deaths of the three workers, and wished for the speedy recovery of those undergoing treatment

Indian Oil Corp acquires 5% stake in IEX subsidiary Indian Gas Exchange

IOC joins the likes of oil and gas explorer ONGC, gas utility GAIL Torrent Gas Pvt Ltd and Adani Total Gas Ltd which already have acquired 5 per cent equity each in IGX

India-Russia extend energy and infra cooperation, sign string of MoUs

Agreements cover crude oil supply deals, manpower training, technology transfer for oil refineries, and research in the field of metallurgical technologies

Indian Oil Corporation pays Rs 2,424 crore as dividend tranche to govt

The government has received Rs 2,424 crore as dividend tranche from Indian Oil Corporation (IOC), DIPAM Secretary Tuhin Kanta Pandey said on Thursday

NTPC ties up with Indian Oil to collaborate in renewable energy

State-owned power giant NTPC on Friday inked an initial pact with Indian Oil to collaborate in the field of renewable energy. This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country's commitment to achieving renewable energy targets and reduce greenhouse gas emissions, a statement by NTPC said. "NTPC Ltd. and Indian Oil signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for supply of low carbon/RE RTC (round the clock) captive power," it said. The MoU was signed in the presence of Gurdeep Singh, CMD-NTPC; Shrikant Madhav Vaidya, Chairman, Indian Oil and other officials of the companies. Gurdeep Singh said NTPC is taking various steps to make its energy portfolio greener by adding significant capacity of renewable energy sources so that its non-fossil fuel-based capacity will become equal or greater than its thermal portfolio by 2032. Through this M