The withdrawal will cost Rs 2,000 crore to Indian Oil Corporation (IOC) this year
ATF now costs Rs 54,079.63 per kl in New Delhi
IOC rallied 5% to Rs 342, while HPCL was up 3% at Rs 463 and BPCL by 2% at Rs 651 on the BSE in intra-day trade
The stock was down 1% at Rs 318 on BSE in intra-day trade after turning ex-bonus in the ratio of 1:1.
The stock was up 3.5% at Rs 638 after the company fixed October 19, 2016 as the record date for 1:1 bonus issue
Two companies will sign an agreement, which will be building the five million tonne LNG regasification terminal, Indian Oil
Their demands included usage of toilet blocks and provisions of proper drinking water, canteen and parking facilities
Indian Oil will be setting up three such 2G bio-ethanol plants
The Paradip refinery was designed to produce Euro IV- and Euro V-compliant fuels
Dahej plant's import capacity has been expanded by 50 per cent to 15 million tonnes a year
Sanctions had blocked payment routes and dues had accumulated over the past couple of years
Board of Directors of IOC approved a bonus shares in the ratio of 1:1
The stock nearly 5% to Rs 568 after the company said that its board will meet on August 29 to consider bonus issue proposal.
India's overall gasoline imports hit a peak in May at 160,000 tonnes, highest since June 2015, before falling to 40,000 tonnes in June of this year
The BS-IV compliant fuels have low sulphur level at 50 ppm. Under BS-III norms, petrol and diesel have sulphur content of 150 ppm and 350 ppm, respectively
BPCL, IOC and HPCL were up 3%-5% as compared to 1% rise in the S&P BSE Sensex at 09:47 AM.
IOC bought a Urals cargo in April last year for processing at its Panipat refinery in northern India