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Page 2 - Indian Oil Corporation

IOC, HPCL, BPCL post Rs 18k-cr combined loss in Q1 on holding fuel prices

According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG

IOC, HPCL, BPCL post Rs 18k-cr combined loss in Q1 on holding fuel prices
Updated On : 07 Aug 2022 | 10:35 PM IST

Indian Oil targets green hydrogen meeting 10% of requirements by 2030

Indian Oil Corporation (IOC) is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive

Indian Oil targets green hydrogen meeting 10% of requirements by 2030
Updated On : 02 Aug 2022 | 4:49 PM IST

Jindal Power exits race to buy JBF Petro; RIL, others in contention

L N Mittal-backed HPCL-Mittal Energy and govt-owned companies remain in contention for the bankrupt firm

Jindal Power exits race to buy JBF Petro; RIL, others in contention
Updated On : 02 Aug 2022 | 12:47 AM IST

More oil middlemen muscle in to supply India with cheap Russian crude

Companies include Wellbred and Montfort have been marketing Russian oil to Indian buyers, joining the likes of Coral Energy and Everest Energy

More oil middlemen muscle in to supply India with cheap Russian crude
Updated On : 29 Jul 2022 | 11:23 PM IST

Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet
Updated On : 29 Jul 2022 | 7:54 AM IST

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share
Updated On : 20 Jul 2022 | 10:52 AM IST

India's bet on gas-based economy runs into Ukraine war challenges

As the Ukraine-Russia conflict pushes up prices and Europe outbids South Asia for scarce supplies, billions of dollars in domestic gas infrastructure investment are at risk

India's bet on gas-based economy runs into Ukraine war challenges
Updated On : 18 Jul 2022 | 10:25 PM IST

IOC enters niche segment with Bikers Cafe to meet needs of expedition rides

Officials said the first such offering has been started near Shimla and more such facilities will be set up along the Chandigarh-Manali route as well as the Chandigarh-Kaza sector

IOC enters niche segment with Bikers Cafe to meet needs of expedition rides
Updated On : 17 Jul 2022 | 1:59 PM IST

ATF crisis in Sri Lanka turns opportunity for South India airports

Several flights of Sri Lankan Airlines, Air Arabia, Jazeera Airways, Gulf Air and Air AirAsia Malaysia are depending on Indian airports starting from May onwards, giving additional revenue to OMCs

ATF crisis in Sri Lanka turns opportunity for South India airports
Updated On : 10 Jul 2022 | 10:26 PM IST

Credit lines exhausted, India asks Sri Lanka to pay for fuel in advance

Sri Lanka, which has depleted its foreign exchange reserves, was hoping for a fresh approval from India of a $500 million credit line for fuel purchases

Credit lines exhausted, India asks Sri Lanka to pay for fuel in advance
Updated On : 06 Jul 2022 | 9:41 AM IST

IOC delivers cooking gas by boats in Assam amid devastating floods

In flood-hit Assam, LPG delivery vans of PSU major Indian Oil Corporation (IOC) have been replaced by boats for the seamless supply of the fuel to keep the burner flames on

IOC delivers cooking gas by boats in Assam amid devastating floods
Updated On : 05 Jul 2022 | 10:18 AM IST

Sandeep Kumar Gupta to be next chairman of GAIL, succeeds Manoj Jain

The Public Enterprises Selection Board (PESB) selected Gupta, 56, for the post of chairman and managing director of GAIL after interviewing 10 candidates, it said in a post-interview notice

Sandeep Kumar Gupta to be next chairman of GAIL, succeeds Manoj Jain
Updated On : 30 Jun 2022 | 12:00 AM IST

Private players seek govt intervention as fuel shortage rises in India

FIPI says companies are suffering a loss of Rs 20-25 a litre on diesel and Rs 14-18 a litre on petrol at present due to the non-revision of prices

Private players seek govt intervention as fuel shortage rises in India
Updated On : 19 Jun 2022 | 11:19 PM IST

Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh

PSU major Indian Oil Corporation (IOC) on Sunday said it is looking to transport fuel to Tripura through Bangladesh as the rail network has been totally snapped due to massive landslides in Assam

Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh
Updated On : 29 May 2022 | 11:07 AM IST

IOC posts highest revenue by any Indian company, record profit in FY22

Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back

IOC posts highest revenue by any Indian company, record profit in FY22
Updated On : 18 May 2022 | 1:46 AM IST

IOC Q4 net profit drops 31%; board recommends 1:2 bonus issue of shares

Indian Oil Corporation (IOC) on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit on a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back, the company said in a stock exchange filing. Sequentially, the profit was higher than Rs 5,860.80 crore in the previous quarter. With oil prices surging, revenue from operations rose to Rs 2.06 lakh crore in the final quarter of this fiscal year ending March 31 from Rs 1.63 lakh crore a year back. IOC and other public sector oil companies held petrol and diesel prices for a record duration despite a surge in the cost of raw materials (crude oil). They started raising prices only on March 22. Pre-tax earnings from the sale of petroleum products fell 8 per cent to Rs 8,251.29 crore while the same from the petrochemicals business was down 72 per cen

IOC Q4 net profit drops 31%; board recommends 1:2 bonus issue of shares
Updated On : 17 May 2022 | 5:15 PM IST

Firms rush to tap into green hydrogen, three top cos corner large share

Greenko-John Cockeril latest to join league; RIL, L&T, Adani together set aside investment of nearly Rs 6 trillion, say analysts

Firms rush to tap into green hydrogen, three top cos corner large share
Updated On : 12 Apr 2022 | 10:56 PM IST

Top headlines: Markets soar on HDFC twins' merger; JV for green hydrogen

Business Standard brings you the top headlines on Monday

Top headlines: Markets soar on HDFC twins' merger; JV for green hydrogen
Updated On : 04 Apr 2022 | 5:23 PM IST

IOC unit to release 6,000 MT diesel to help ease power crisis in Lanka

Power cuts lasting over 13 hours came to be in place on Thursday, the longest cut since 1996 when a strike by the state power entity employees caused a 72-hour black out

IOC unit to release 6,000 MT diesel to help ease power crisis in Lanka
Updated On : 31 Mar 2022 | 5:21 PM IST

West Coast refinery could get a new home as demand for such plants revives

Renewed interest in adding refinery capacity in India owes to the long-term decline of the business in Europe; and in the short-run, the Ukraine war has been a key driver

West Coast refinery could get a new home as demand for such plants revives
Updated On : 30 Mar 2022 | 4:48 PM IST