Indianoil

IndianOil to pump in Rs 2,200-cr investment for projects in Tamil Nadu

Indian Oil Corporation has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, a senior company official said on Tuesday. The projects include 'grass-roots terminal' at Asanur and Vallur, 'captive petroleum' project, oil and lubricant-LPG jetty at Kamarajar port among others, Indian OilCorporation Ltd executive director and Tamil Nadu State Head, V C Asokan told reporters here. The company would also take up the work for setting up the integrated Lube complex at Ammulaivoyyal village on the outskirts of Chennai, apart from the ongoing projects in the Ennore-Tiruvallur sector, Bengaluru-Puducherry-Nagapattinam-Madurai-Turicorin gas pipeline and augmentation of Chennai-Tiruchirappali-Madurai pipeline projects, he said. Asokan was here to review and deliberate on the LPG Bottling plant near Kinathukadavu on the outskirts about its LPG storage and distribution infrastructure. The joint

Indian Oil to open 50 fuel stations in Sri Lanka to help alleviate crisis

Sri Lanka has given approval for India's Lanka Indian Oil Corporation to open 50 new fuel stations, as part of efforts to reduce severe shortages that have crippled the island nation.

Markets are not fully pricing in fuel-led inflation yet, say analysts

Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel

IOC to invest Rs 9,028 crore for setting up a new crude oil pipeline

IOCL operates a network of more than 15,000-km long crude oil, petroleum product and gas pipelines

In its first such move, IndianOil lists foreign currency bonds on IFSC

Securities worth SGD 400 million and $1.4 billion, issued in 2012, 2013 and 2019 respectively are now listed," a statement from IFSC said.

IndianOil to build India's first green hydrogen plant at Mathura Refinery

The firm is in the process of setting up one-tonne-per-day pilot plants based on four innovative hydrogen production technologies

Indian Oil reports 174% spike in Q1 consolidated net at Rs 6,109.69 cr

Expects diesel demand to reach pre-Covid levels by Diwali

Indian Oil helps bolster vaccination drive, supplements cold chain needs

The firm has leveraged its expertise and reach to bolster India's Covid-19 vaccination program

IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn

Firm started completion of as many as 336 projects since easing of curbs on April 20, and 50 more since July first week

IndianOil posts net loss of Rs 7,783 cr due to weak inventory in Q4

IOC said the company is consistently valuing its inventories at cost or net realisable value (NRV) whichever is lower

Indian Oil cranks up refinery runs to over 80% as demand doubles in May

Firm says consumption of all petroleum products put together almost doubled in May over April levels

Coronavirus impact: IndianOil realigns production after LPG demand rise

IndianOil sells about 300,000 cylinders every day and has a refining capacity of about 81 million tonnes

IndianOil signs Rs 16,641 cr MoU with Tamil Nadu at Global Investors Meet

PSU major plans to ramp up retail outlet network in the state, upgrade storage and fuel handling; two mega gas distribution projects on anvil

IndianOil to buy 50% in GSPL-Adani LNG terminal

GSPL LNG is a joint venture of Gujarat State Petroleum Corp and Adani Enterprises

IndianOil to train dealers before daily price revision roll-out

26,000 plus dealers will give timely information on effective prices at pre-designated time

IndianOil to invest Rs 20,000 crore in pipeline network

IndianOil and NOC are tying up to expand Modi's pet project PMUY to Nepal