Page 8 - Indian Oil Corporation

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

Domestic-oriented companies on fund managers' radar, says analyst

Further, fund managers say the markets could continue to remain polarised as growth companies are likely to fetch a premium, especially when the economy is going through a trough

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

Saudis defer LPG flow: India scrambles to meet peak festive season demand

India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers

Best of BS Opinion: Disinvestment blues, sorry state of policing, and more

From how India could become the world's second largest e-bus market after China to police reform and the purchase of BPCL by IOC, here's a selection of Business Standard Opinion pieces for the day

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

IOC to invest Rs 2 trn in 5-7 yrs, develop a new energy storage technology

These investments will be made across refinery expansions, petrochemical capacities and pipeline projects

Odisha clears Rs 2.04-trn investments; focus on sectors other than mining

The new investments will generate direct employment for 30,000 people while creating indirect job opportunities for 100,000 others

Non-subsidised cooking gas price cut by Rs 62.50 per cylinder: IOC

Non-subsidised LPG will now cost Rs 574.50 with effect from midnight tonight

Indian Oil Q1 net profit drops 47% to Rs 3737 cr on lower refining margins

The company's total income almost remained flat with an increase of only 0.48 per cent during the quarter under review

Indian Oil threatens to cut fuel supply to Air India 'for not paying dues'

The disinvestment-bound carrier, which is incurring Rs 15 crore loss per day, has huge dues towards oil companies and Airports Authority of India, among others

IOC studying if Iran's investment in Chennai refinery violates US sanctions

National Iranian Oil Co was allowed to use the money it had in its UCO bank account to pay for commodities from India, however, if this money can be used for CPCL expansion anymore remains to be seen

Indian Oil cuts fuel supply to cash-strapped Jet Airways, resumes later

As planes were stranded for over three hours, passengers were asked to deboard

Indian Oil buys commissioning cargo of LNG for new Ennore terminal: Report

State-owned IOC bought a partial LNG cargo for delivery on February 25 from commodities trader Gunvor

IOC Q3 net profit dips 91% to Rs 716.82 crore on higher inventory loss

The non-payment of 93% of subsidy by govt led to a burden of Rs 11.8k cr

Indian Oil to raise up to $1.5 billion from international bond sale

The bonds have been rated Baa2 by Moody's and BBB- by Fitch Ratings

IOC Q2 net down 12.5% to Rs 33.26 bn due to forex expenses, input costs

IOC said the impact of absorbing the cut of Rs 1 a litre in diesel and petrol prices would be seen from Q3

IOC to invest Rs 54 bn in city gas network for retailing CNG in 7 districts

IOC had in the recently concluded 9th bid round for city gas licences won permits for seven cities on its own and another nine in a joint venture with Adani Gas

Indian Oil posts 50% jump in Q1 net at Rs 70.9 bn; income up at Rs 1.52 trn

Expenses remained higher at Rs 1.42 trillion

Indian Oil shuts 40,000-bpd crude unit at Haldia plant after fire incident

The fire took place on Thursday evening, IOC said in a statement