Page 6 - Indian Oil Corporation

Indian Oil's 300,000 bpd east coast refinery to be shut for 3 weeks

"The Indian Oil refinery in Paradip will remain shut from July 25 to August 15 for maintenance," said Sangram Keshari Mohapatra, the top bureaucrat in the district of Jagatsinghpur

IOC's special winter-grade diesel powers Indian soldiers in Ladakh

This fuel can withstand extremely low temperatures of around minus 33 degree Celsius.

Shrikant Madhav Vaidya takes charge as IOC Chairman, succeeds Sanjiv Singh

Prior to his elevation, Vaidya was the Director (Refineries) on the IOC Board, since October 2019

Indian Oil launches battery swapping facility for quick recharge of EVs

India's top oil firm IOC on Friday launched a battery swapping facility for EVs at its petrol pumps, offering to replace discharged batteries with fully charged ones in just couple of minutes.

Diesel crosses Rs 80-mark in Delhi for first time; petrol up by 16 paise

Diesel price continued to be higher in the city for the second consecutive day

Market Ahead, June 25: Top factors that could guide markets today

A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today

MARKET WRAP: Sensex falls 561 pts ahead of F&O expiry; financials top drag

All that happened in the markets today

Market Ahead, June 24: Top factors that could guide markets today

The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today

Just 36 paise shy, diesel prices set to surpass petrol for the first time

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre

Crude processing in May recovers, up 7.3% from April to 3.87 million bpd

Compared to last year, Indian refiners' crude processing however tumbled by 24.2 per cent in May to 16.35 million tonnes

OMCs rally amid an increase in petrol, diesel prices for 2nd day in a row

Meanwhile, OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July.

Need to take inventory write down of Rs 1,456 cr over Covid-19, says CPCL

Lower demand for crude oil and petroleum products had impacted the prices and refining margins of the company

CPCL plans 9 MMTPA expansion at Cauvery Basin Refinery on JV basis

IOCL and CPCL to jointly hold 50% stake in JV, rest to come from financial, strategic and public investors

With gradual demand recovery, IOC rolls back refinery production cuts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

From Anaj Mandi to Vizag gas leak, industrial accidents that shook India

India has seen some horrible accidents in the past killing scores of people

States get short shrift

Central govt seeks to repair its finances

From Adani Gas to IOC, over 80 force majeure requests flood PNGRB

According to multiple sources close to the development, the big firms that applied for force majeure include Adani Gas, Gail Gas, Indian Oil Corporation, Indraprastha Gas, Haryana City Gas

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Coronavirus lockdown: IOC raises LPG imports by 50% amid rise in demand

The company said that the move was to ensure uninterrupted availability of bulk LPG for its bottling plants.

For BS-VI transition, coordination with carmakers was key: IOC chairman

Vehicles and the fuel they run on have to switch over to BS-VI emission norms before April 1