Iocl

NTPC signs agreement with IOCL to set up renewable energy projects

NTPC Green Energy Limited (NGEL) and Indian Oil Corporation Limited (IOCL) have inked pact for setting up of renewable energy projects to meet round-the-clock power requirement of IOCL refineries. The JV agreement was signed in the presence of Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Shrikant Madhav Vaidya, Chairman of IOCL, among others. "The signing of this joint venture agreement between the two behemoths will enable NTPC Limited and IOCL to meet the government's clean energy targets in their respective core businesses," NTPC said in a statement on Monday. NTPC Ltd, through its wholly-owned subsidiary, NGEL, has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business.

Gas pipelines to soon be tested for hydrogen-carrying potential: IOCL chief

The company is also aiming to expand aviation gasolene exports to South East Asia

Indian Oil Corp Q3 net dips 92% to Rs 448 cr on higher costs, forex losses

A 40% surge in input costs pushed up total expenses by 20.4% to Rs 2.30 trillion

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

IOCL to undertake intensified TB elimination project in UP, Chhattisgarh

IOCL has signed a MoU as part of its corporate social responsibility with CTD under Ministry of Health, and the states of Uttar Pradesh and Chhattisgarh to undertake intensified TB elimination project

ONGC, IOCL, Vedanta's bonds worth $1.9 bn mature in FY23: Moody's

Three major oil and gas companies- Oil and Natural Gas Corporation Limited (ONGC), IOCL and Vedanta Resources Limited together have around USD 1.9 billion of rated US dollar bonds maturing next year, rating agency Moody's Investor Services has said. Capital markets are volatile and investor appetite remains selective, so refinancing risks will remain elevated particularly for high-yield issuers such as Vedanta, which accounts for around 47 per cent of the upcoming bond maturities, it opined in a report on December 1. Vendanta's USD 400 million (coupon rate 8 per cent) and another USD 500 million (7.125 per cent) bonds would mature on April 23 and May 31 next year respectively while ONGC's USD 500 million bonds (3.75 per cent) and IOCL's USD 500 million bonds (5.75 per cent) would mature on August 1 and May 7 next year respectively, it said. The rating agency also said the weakening rupee is credit negative for Indian companies that generate revenue in the domestic currency but depen

ICICI Bank to acquire 10% stake in 9MMTPA refinery JV of IOCL and CPCL

ICICI Bank will subscribe 10% of total paid up capital of the target entity

Chennai Petroleum, IOC signs JV agreement for Rs 31,580 crore TN refinery

The Rs 31,580 Crore refinery complex will cater to the petroleum products demand of the Southern region of India and provide impetus for economic development of the region

Domestic LPG cylinders to come with QR codes: Check benefits, other details

"All domestic gas cylinders will have QR code in the next three months", said IOCL chairman Shrikant Madhav

Indian Oil Corp buys cargo of Russia's Sokol oil through a spot deal

The source said IOC did not participate in the Rosneft tender as the Russian company was asking for prepayment

No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal

Talks underway with Sebi to make private-listed InvIT into public

IOCL signs pacts with Petrobras, Ecopetrol for crude oil supplies: Report

IOCL's pact with Petrobras was signed during petroleum secretary Pankaj Jain's visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL

CIL to ink pacts with BHEL, IOCL, GAIL for 4 coal gasification projects

State-owned CIL will sign agreements with three public sector enterprises -- Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd (IOCL) and GAIL (India)-- in order to set up four surface gasification projects. Through gasification process, coal is converted into syngas -- a fuel gas -- which can be used in downstream production of value added chemicals. The government aims to achieve 100 million tonnes of coal gasification in the next eight years in order to reduce the import of crude oil which is otherwise used to produce syngas. "Coal India Limited (CIL), under the aegis of Ministry of Coal, will be inking three major Memorandum of Undertaking (MoU) on September 27," the coal ministry said in a statement. The proposed projects would reduce forex outgo and create around 23,000 jobs, it said. The government had earlier said that the target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore. This 100 MT coal gasification will

National energy major IOCL enhances customer payment experience with Fiserv

Indian Oil Corporation Limited Enhances Customer Payment Experience with Fiserv

LIVE news updates: Nitish Kumar takes oath as Bihar CM for the 8th time

Live news updates: According to broader contours of the power sharing formula, the RJD will have the largest number of ministers

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

Air Products to supply hydrogen, nitrogen units for IOCL's Barauni refinery

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

Stocks to watch: ITC, LIC, BPCL, Bharti Airtel, IOC, DLF, IGL, Zydus Life

Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.

Two IOCL officials arrested for graft remanded to CBI custody

A hunt has been launched for absconding accused N P Rodge, the general manager (retail sales)

IOC, BPCL, HPCL lost $2.25 bn in revenue due to fuel price freeze: Moody's

Petrol and diesel prices remained unchanged between Nov 4 and March 21 despite prices of crude oil averaging around $111 per barrel in the first 3 weeks of March compared to around $82 in early Nov