Page 6 - Indian Oil Corp

Indian Oil Corp slips over 4% as PBT in September quarter plunges 83% YoY

The company's net profit (profit after tax) came in at Rs 563.42 crore, as against Rs 3,246.93 crore during the same period in fiscal year 2018-19.

Indian Oil to open retail outlets in Saudi Arabia in JV with Al Jeri

Based on the plans lined up by both companies, at least 200 retail outlets should be set up initially in Saudi Arabia - the first might come up within six months

Ethanol blending: UP govt distilleries to supply 53 million litres to OMCs

State-controlled cooperative federation to invest Rs 160 crore on ethanol roadmap

IOC, Haldia Petro projects worth Rs 2 trillion may trip on land hurdles

Big ticket projects in Odisha have been hit by land acquisition woes; ArcelorMittal had to mothball its 12-mn-tonne steel mill in 2013 largely due to resistance from locals

OMCs in a sweet spot with declining crude prices, better refining margins

Firm marketing margins add to their fortunes, making them attractive post a sharp 30% correction from early-June highs

Indian Oil plans Rs 2 trn investment by 2024 to meet energy needs: Chairman

OC through its 11 refineries controls about a third of India's 5 million-barrel-per-day refining capacity

IOC, Adani to invest Rs 9,600 crore in gas projects in 10 cities

The two firms in 2013 had incorporated a 50:50 joint venture company, IndianOil-Adani Gas Pvt Ltd, for implementation of city gas distribution projects in various cities in the country

Indian Oil threatens to cut fuel supply to Air India 'for not paying dues'

The disinvestment-bound carrier, which is incurring Rs 15 crore loss per day, has huge dues towards oil companies and Airports Authority of India, among others

IOC emerges as biggest bidder for city gas licences; Adani, HPCL follow

Indian Oil Corp had won licences for seven cities on its own

Indian Oil to shut half of Panipat refinery from mid-Feb for maintenance

The refiner will shut a 150,000 bpd crude unit. It will also shut a sulfur recovery unit, hydrocracker, diesel hydrotreater, and coker among others for planned maintenance

Indian Oil Corp may raise about $3 billion through US dollar bonds issue

IOC is already in market to raise $900 million through a bonds issue

IOC has enough headroom to absorb buyback, dividend payout: Fitch

The board of IOC last week approved buyback of up to 297.6 million equity shares, or 3.06 per cent of share capital, at Rs 149 per share aggregating to Rs 44.35 billion

Indian Oil lines up Rs 220 bn capex plan for current fiscal year

Sanjiv Singh, Chairman IOC, said the board has approved a capex plan of Rs 220 bn for FY19, of which around Rs 60 billion will be towards upgrading refineries to meet BS-VI emission norms

Oil marketing companies trade weak; Indian Oil hits 52-week low

In past six months, IOCL, BPCL, HPCL has underperformed the market by falling in the range 11% to 13%, against 8% rise in the Nifty 50 index.

Indian Oil Corp to invest Rs 7 billion to expand refining capacity by 2030

Bharat Petroleum Corp (BPCL) is looking to ramp up capacity to 56 MTPA, from 36.5 MTPA currently, by adding 5 MT to its Kochi unit and ramping up capacity of Bina refinery in MP by 9 MT

Indian Oil evaluates Rs 20K-cr coke gasification project at Paradip

IOC already has plans to build a petrochemical complex adjacent to its recently commissioned 15 mn tonnes a year Paradip refinery

Indian Oil gets okay to buy up to 50% stake in GSPL's Mundra LNG terminal

The board of Indian Oil Corporation (IndianOil) has given its in-principle approval for acquiring up to 50 per cent equity in GSPL LNG Ltd, a joint venture of Gujarat State Petroleum Corporation (GSPC) and Adani Enterprises Ltd. GSPL LNG is setting up a 5 million tonnes per annum liquefied natural gas terminal at Mundra Port in Gujarat at an investment of Rs 5040 crore."We already have investments across the gas value chain, from LNG import terminals to city gas distribution networks, the major among them being a 5-MMTPA LNG import terminal at Kamarajar port near Chennai, scheduled for commissioning in 2018-19," said Sanjiv Singh, chairman IOC. The board has also given clearance for the expansion of the company's Gujarat refinery from the existing 13.7 to 18 Million Metric Tonnes Per Annum (MMTPA) capacity at an estimated cost of Rs. 15,034 crore.The project to augment the Refinery's capacity by 4.3 MMTPA will help meet the growing demand for products in the region. IndianOil is ...

Petrol hiked by 1 paisa a litre, diesel by 44 paise

Petrol hiked by 1 paisa a litre, diesel by 44 paise

Centre ready for talks on IOCL-Odisha govt face off

Is open to increasing its commitment in financing IOCL's 15-million-tonne crude refinery at Paradeep

Indian Oil Corp buys its first Hibernia crude from Canada's Suncor

This was also the first time that Suncor Energy has sold a cargo of offshore Canadian crude to IOC