The Paradip refinery was designed to produce Euro IV- and Euro V-compliant fuels
Dahej plant's import capacity has been expanded by 50 per cent to 15 million tonnes a year
Sanctions had blocked payment routes and dues had accumulated over the past couple of years
Board of Directors of IOC approved a bonus shares in the ratio of 1:1
The stock nearly 5% to Rs 568 after the company said that its board will meet on August 29 to consider bonus issue proposal.
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
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
BPCL, IOC and HPCL were up 3%-5% as compared to 1% rise in the S&P BSE Sensex at 09:47 AM.
IOC bought a Urals cargo in April last year for processing at its Panipat refinery in northern India