Page 2 - Indian Oil Corporation Ltd

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May

Energy relations between India, the world's third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked

SPIC Thoothukudi plant starts receiving natural gas from ONGC facility

The natural gas will be transported from the gas fields of ONGC in Ramanathapuram

LPG consumption amongst PMUY customers surge 23.2% despite price rise: IOC

LPG cylinders consumption has improved amongst Pradhan Mantri Ujjwala Yojana (PMUY) customers despite the recent price rise in LPG prices, said Indian Oil Corporation Limited (IOCL) on Wednesday

Indian Oil may form subsidiary for retail assets to unlock value

IOC operates a pipeline network of 14,600 kilometres

IOC to monetise pipeline assets, says many investors interested

The firm is likely to sell stakes in one or two of its vast network of crude oil and petroleum product pipelines in the country, its Director (Finance) Sandeep Kumar Gupta said

9 injured in Bhubaneswar petrol pump fire; Dharmendra Pradhan orders probe

Nine people were injured, two of them critically, in a major fire that broke out at an IOCL petrol pump near the Raj Bhavan here on Wednesday, police said.

India's delayed approval of hydrogen as a fuel: Implications and road ahead

While the country's work on hydrogen has trailed leaders, it could gather speed once the labelled buses roll around Delhi. Private sector firms too are starting to show interest

Oil tanker on fire off Sri Lankan coast towed to safety, fire 'localised'

ICG Fast Patrol Vessel Ameya with 1000 litres Oil Spill Dispersants has been deployed to augment pollution response efforts

Domestic refiners shut down for maintenance as fuel demand wanes

Some firms also cut down their throughput

Govt changes policy to distribute free cooking gas cylinders: Details here

Earlier, beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY) were entitled to three free liquefied petroleum gas (LPG) cylinders effective April 1 to June 30 this year.

IOC, BPCL restart project-work after relaxation of Covid-19 lockdown norms

IOC said it has resumed work on 64 select projects with a combined allocation of about Rs 21,375 crore

PSU stocks see sharp movements after Nifty CPSE index rejig; IOCL, PFC dip

Experts say companies added into index could attract large investor flows

Five major industrial fire accidents that shook the nation's conscience

Each of these mishaps snuffed out innocent lives, often due to negligence on the part of the authorities

IOC, GAIL to pay Adani 5% more charge than their own LNG terminal: Pradhan

The two firms have, however, hired capacity in Adani's under-construction LNG import terminal at Dhamra.

IOC profit before tax falls 83% in Sep quarter on higher inventory losses

The company's net profit was Rs 563.42 crore, as against Rs 3,246.93 crore during the same period in 2018-19

Fuel payment issues with oil PSUs will be resolved soon: Air India

The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years

Indian Oil Corp Q4 net profit rises 17% on inventory, exchange gains

The rise in net profit is on account of inventory and exchange gains, said IOC Chairman Sanjiv Singh on Friday

IOCL's scaled up pipeline capacity matches its 15-mn-tonne Paradip refinery

The IOCL board had, in October, accorded final approval to the 344-km pipeline project from Paradip to Haldia via Somnathpur for evacuating products from the refinery

Indian Oil to set up Rs 9 bn ethanol plant in Adityanath's pocket borough

The company has sought 50 acres from a defunct sugar mill in Gorakhpur