Page 5 - Indian Oil Corporation

Fuel sale coming back to pre-pandemic levels, says IOC official

Fuel sale in the country is coming back to normal which also shows the reflection of normalcy in economy, a senior Indian Oil Corporation official said

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

IOC net profit jumps more than 15 times in Q2 over inventory, forex gains

GRM at $8.62 a barrel during the quarter versus $1.28 a year ago. However, total income drops 13%

Tech giant IBM, Indian Oil Corporation collaborate for digital services

Tech giant IBM on Thursday said it has collaborated with Indian Oil Corporation Ltd (IOCL) to transform the latter's customer experience using digital tools

Chennai Petroleum Q2 profit at Rs 290.58 cr versus loss a year ago

Revenue drops to Rs 9,732.90 cr from Rs 12,191.97 cr; firm says demand for fuel products was lower during the current half year due to Covid related lockdown

'Cleaner than CNG' fuel for Delhi buses from today: Facts you should know

Union Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan will today formally launch the much-awaited trial run of HCNG buses

Diesel demand seeing degrowth, petrol picking up: Indian Oil Corp

State-run Indian Oil Corporation on Monday said demand for diesel in West Bengal has declined 20 per cent during the current fiscal so far as industries are not fully operational amid Covid-19

IOC mulls deferring expansion of projects to sync them with demand

In an interview, Vaidya said oil demand in India has not been destructed but only deferred and Indian Oil Corp (IOC) was also betting big on petrochemicals to hedge fuel shocks

Salvage team looks for rescue port for oil transfer from wrecked IOC vessel

The vessel is now in Sri Lankan water at about 70 nautical miles from the coast

IOC to review greenfield expansion projects in refining segment: Chairman

Vaidya also added as part of the company's long-term strategy, it was looking to enhance petrochemicals integration to about 14 to 15 per cent of Petrochemical Intensity Index (PII) by the year 2030

Indian Oil gets funding support from USTDA for its green tech endeavour

A US trade body has announced grant funding to the Indian Oil Corporation's (IOC) carbon capture, utilisation and storage capacity in the Koyali refinery in Gujarat.

IBM's AI push helps consumer goods firms go digital, tide over Covid-19

The Covid-19 pandemic has spurred consumer goods firms to work with Big Blue to drive their digital transformation efforts, write Peerzada Abrar and Sai Ishwar

Fire on supertanker off Sri Lankan coast extinguished: Navy spokesman

The New Diamond is carrying about 2 million barrels of crude oil, although a senior Sri Lankan navy official said on Friday there was no real risk of a spill

IOC to invest Rs 1,268 cr to set up coker unit at Paradip refinery

State-owned Indian Oil Corp (IOC) on Tuesday said its board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha.

India's fuel demand may take 6 to 9 months to reach normal levels: IOC

Speaking at an investor call on first-quarter earnings, Gupta said it was difficult to predict the demand recovery rate given the rising infections in India and around the world

Indian Oil slips 3% as June quarter profit declines 47% YoY to Rs 1,911 cr

ncome from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year back

Indian Oil Q1 net profit falls 47% to Rs 1,910.84 crore on poor demand

Indian Oil Corporation Ltd reported a 47% drop in its June quarter net profit as pandemic outbreak pummelled fuel demand and shrank refining margins

Market Ahead, July 31: Top factors that could guide markets today

The June quarter results by Reliance Industries will be a major focus in the markets today. Besides, investors will also react to global cues, Covid-19 trends and other corporate results

Fitch affirms Indian Oil Corporation at BBB-minus with negative outlook

The agency has also affirmed IOC's senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus

Fitch affirms IOC at 'BBB-', outlook negative on refining volume, margins

The rating assigned to IOC is equal to its largest shareholder, the state of India, Fitch said in a statement.