Page 10 - Indian Oil Corp

Indian Oil gets okay to buy up to 50% stake in GSPL's Mundra LNG terminal

The board of Indian Oil Corporation (IndianOil) has given its in-principle approval for acquiring up to 50 per cent equity in GSPL LNG Ltd, a joint venture of Gujarat State Petroleum Corporation (GSPC) and Adani Enterprises Ltd. GSPL LNG is setting up a 5 million tonnes per annum liquefied natural gas terminal at Mundra Port in Gujarat at an investment of Rs 5040 crore."We already have investments across the gas value chain, from LNG import terminals to city gas distribution networks, the major among them being a 5-MMTPA LNG import terminal at Kamarajar port near Chennai, scheduled for commissioning in 2018-19," said Sanjiv Singh, chairman IOC. The board has also given clearance for the expansion of the company's Gujarat refinery from the existing 13.7 to 18 Million Metric Tonnes Per Annum (MMTPA) capacity at an estimated cost of Rs. 15,034 crore.The project to augment the Refinery's capacity by 4.3 MMTPA will help meet the growing demand for products in the region. IndianOil is ...

Petrol hiked by 1 paisa a litre, diesel by 44 paise

Petrol hiked by 1 paisa a litre, diesel by 44 paise

Centre ready for talks on IOCL-Odisha govt face off

Is open to increasing its commitment in financing IOCL's 15-million-tonne crude refinery at Paradeep

Indian Oil Corp buys its first Hibernia crude from Canada's Suncor

This was also the first time that Suncor Energy has sold a cargo of offshore Canadian crude to IOC

Odisha govt withdraws tax sops to IOC's Paradip refinery

The withdrawal will cost Rs 2,000 crore to Indian Oil Corporation (IOC) this year

Indian Oil hikes jet fuel prices, cuts non-subsidised LPG rate

ATF now costs Rs 54,079.63 per kl in New Delhi

OMCs extend gain; Indian Oil hits record high

IOC rallied 5% to Rs 342, while HPCL was up 3% at Rs 463 and BPCL by 2% at Rs 651 on the BSE in intra-day trade

Indian Oil Corporation trades ex-bonus

The stock was down 1% at Rs 318 on BSE in intra-day trade after turning ex-bonus in the ratio of 1:1.

Indian Oil hits new high on fixing record date for bonus issue

The stock was up 3.5% at Rs 638 after the company fixed October 19, 2016 as the record date for 1:1 bonus issue

Indian Oil and Gail to get stake in Adani LNG terminal

Two companies will sign an agreement, which will be building the five million tonne LNG regasification terminal, Indian Oil

3,000 striking contract workers at IOC's Gujarat refinery resume work

Their demands included usage of toilet blocks and provisions of proper drinking water, canteen and parking facilities

Indian Oil inks MoU with Praj Industries for development of 2G ethanol

Indian Oil will be setting up three such 2G bio-ethanol plants

Indian Oil Paradip plant to start making gasoline by year-end, says executive

The Paradip refinery was designed to produce Euro IV- and Euro V-compliant fuels

Indian Oil Corp to continue importing two LNG cargoes a month

Dahej plant's import capacity has been expanded by 50 per cent to 15 million tonnes a year

Indian Oil Corp raises oil import from Iran to 5 MT for FY'17

Sanctions had blocked payment routes and dues had accumulated over the past couple of years

Indian Oil Corp Q1 profit jumps 25% to Rs 8,269 crore, to issue bonus shares

Board of Directors of IOC approved a bonus shares in the ratio of 1:1

Indian Oil gains on bonus issue plan

The stock nearly 5% to Rs 568 after the company said that its board will meet on August 29 to consider bonus issue proposal.

IOC to import gasoline to end-year: Sources

India's overall gasoline imports hit a peak in May at 160,000 tonnes, highest since June 2015, before falling to 40,000 tonnes in June of this year

IOC's refinery at Gujarat to supply BS-IV compliant diesel from Jan

The BS-IV compliant fuels have low sulphur level at 50 ppm. Under BS-III norms, petrol and diesel have sulphur content of 150 ppm and 350 ppm, respectively

Oil marketing companies gain on petrol, diesel price hike

BPCL, IOC and HPCL were up 3%-5% as compared to 1% rise in the S&P BSE Sensex at 09:47 AM.