Page 2 - Indian Oil Corporation Ltd News

BSE PSU index hits 52-week high; BHEL, CPCL, MRPL rally up to 17% in 1 week

In the past one week, PSU index has outperformed the market by gaining 1.5 per cent, as against 0.4 per cent decline in the BSE Sensex.

Indian Oil to form trading JV with Vitol to expand global footprint

The partnership with Vitol will help Indian Oil cut crude-procurement costs from spot markets and improve margins through access to new buyers

Indian Oil Corporation soars 5%; ONGC hits 4-month high; here's why

Oil & Gas stocks rally on D-Street: At 12:38 PM; BSE Oil & Gas was up 2.5 per cent, as compared to 0.42 rise in the BSE Sensex.

Buy or Sell? How to trade Reliance, ONGC, OMC shares amid Russian oil ban

Crude Oil prices have soared 7% in the last two weeks following fresh US sanctions on Russian oil imports. Back home, shares of oil exploration and marketing companies look favourably placed on charts

Indian Oil Corporation reports healthy Q2 results; should you buy or sell?

In Q2, IOCL's consolidated net profit stood at ₹7,817.55 crore, as compared to a net loss of ₹169.58 crore a year ago

Indian Oil reports ₹7,817 cr net profit in Q2FY26, revenue up 3.9%

In Q2FY25, IOCL recorded a net loss of ₹169.58 crore on the back of a drop in average gross refining margins (GRMs)-the revenue refiners accrue from transforming each barrel of crude oil into refined

HPCL, BPCL, IOCL rally up to 4%; why OMC shares are in demand today?

Analysts believe that OMCs now have a large margin of safety owing to low oil price and a large capex plan which gives them confidence that a normative level of earnings will still be maintained.

Indian Oil Corp in talks with Vitol for oil trading joint venture: Report

State-run company is expanding the capacity of its three refineries to raise crude processing by 346,000 bpd over the next two years and also plans to build a 180,000 bpd refinery in southern India

Crude slips to 3-month low; INR weakness seen pressuring OMCs, CGDs: Nomura

Nomura said that the INR's depreciation remains a headwind for OMCs and CGDs, as their input costs are dollar-linked while revenues are in rupees.

IOC's project SPRINT starts to show results, company gains retail dominance

Indian Oil Corporation's (IOC) transformative project SPRINT has started to show results with improved operational performance at refineries and the company is regaining leadership position in fuel retail expansion, Chairman Arvindar Singh Sahney said. India's largest oil firm in April unveiled Project SPRINT that looks to make the firm future-ready by fashioning businesses to meet changing global energy landscape and stay relevant and profitable. SPRINT stands for strengthening core businesses of oil refining, petrochemicals and fuel marketing, propel cost optimisation to increase profitability, reinforce customer centricity, integrate technology and innovation, nurture leadership and talent, and be transition-ready. IOC called SPRINT a transformation project that will keep the firm rooted in its core strengths, while at the same time preparing for an eventual transition away from fossil fuels. "To sustain leadership in a changing energy landscape, the company must evolve with spe

Indian Oil plans ₹1.66 trn investment over 5 years for business growth

The investment will expand the company's core operations in oil refining and fuel marketing, along with ventures in petrochemicals, natural gas, and renewable energy

Indian Oil, Air India sign agreement for sustainable aviation fuel supply

Indian Oil Corporation (IOC) has signed a landmark agreement to supply sustainable aviation fuel to Air India, representing a significant step towards a greener and cleaner aviation in India. IOC plans to begin production of sustainable aviation fuel (SAF) from used cooking oil starting December this year at its Panipat refinery, according to Chairman Arvinder Singh Sahney. The facility is expected to produce 35,000 tonne of green fuel annually, using waste cooking oil sourced from hotel and restaurant chains such as ITC and Haldiram's. SAF is an alternative fuel made from non-petroleum feedstocks that reduces emissions from air transportation. It can be blended up to 50 per cent in conventional aviation turbine fuel (ATF or jet fuel), depending on availability. India has mandated 1 per cent SAF blending in jet fuel sold to international airlines from 2027. IOC on Tuesday signed a memorandum of understanding (MoU) which "outlines the shared commitment of both parties to promote the

IOCL shares trade volatile as Q1 misses estimates; Should you sell?

IOCL share price: Indian Oil Corp shares were volatile as June-quarter profit nearly doubles but misses estimates

Used cooking oil to produce sustainable aviation fuel: Indian Oil chairman

Cooking oil is often discarded after being used for frying at home or in restaurants. However, a refinery of IndianOil has now won a certification to use the same oil to produce sustainable aviation fuel (SAF), the company chairman Arvinder Singh Sahney said. SAF is an alternative fuel made from non-petroleum feedstocks that reduces emissions from air transportation. It can be blended up to 50 per cent in conventional aviation turbine fuel (ATF or jet fuel), depending on availability. India has mandated 1 per cent SAF blending in jet fuel sold to international airlines from 2027. IndianOil's Panipat refinery in Haryana has won the International Civil Aviation Organization's (ICAO) ISCC CORSIA certification (International Sustainability and Carbon Certification - ISCC - developed under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to produce SAF from used cooking oil, he said. "We are the only company in the country to get this certification," he ...

Big discovery in deepwater basin need of hour: OIL chief Ranjit Rath

This is a flagship initiative being launched by the Government of India under the aegis of the Ministry of Petroleum and Natural Gas (MoPNG)

Indian Oil Q1 profit doubles to ₹5,689 cr on stronger refining margins

Indian Oil's Q1 FY26 profit rose to ₹5,689 cr from ₹2,643 cr on higher refining and marketing margins, despite inventory losses, with revenue up 1.2% to ₹2.19 trillion

Indian Oil Q1 profit nearly doubles to ₹6,813 cr, revenue up marginally

Oil major's revenue from operations in Q1 FY26 stood at ₹2.2 trillion, marginally higher by 0.9 per cent from ₹2.1 trillion in Q1 FY25

IOC, BPCL said to buy 22 million barrels of crude for Sept-Oct delivery

In its latest tender, IOC bought 2 million barrels of US Mars crude, 2 million barrels of Brazilian grades and another 1 million barrels of Libyan crude

Tariff on Russian Oil: RIL, HPCL, BPCL, IOC can dip up to 18%, say charts

The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.

ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations

Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil