Page 6 - Indian Oil Corp

Sensex snaps 7-day losing run, soars 1,329 pts; Nifty tops 16650; PSBs zoom

CLOSING BELL: Sectorally, the Nifty Realty and PSB indices logged the sharpest rebound today with 5 per cent gain each on the NSE

Trading strategies for oil-related stocks as Brent crude tops $105 level

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.

New policy to cut green hydrogen cost by 40-50%, says Indian Oil

Oil refineries, fertiliser plants and steel units use hydrogen as process fuel to produce finished products.

Sukla Mistry takes over as first woman director on Indian Oil board

Sukla Mistry on Monday took over as the first woman functional director on the board of Indian Oil Corporation (IOC), the nation's largest oil refining and fuel marketing company. She has taken over as Director (Refineries) of IOC, India's highest-ranked energy public sector enterprise, the company said in a statement. "Mistry is the first woman functional director on the IOC board." She will also be holding the positions of director on the board of Chennai Petroleum Corporation Ltd (CPCL) and the 60 MMTPA Ratnagiri Refinery & Petrochemical Ltd, the world's largest grassroots refinery project coming up in Maharashtra. Mistry will continue to hold the post of non-executive director on the board of IHBL, a joint venture company of three leading oil and gas central PSUs. As Director (Refineries), she "shall spearhead the business and operations of nine refineries and petrochemical plants of IOC," it said. IOC is the nation's top refiner with a group refining capacity of 80.55 million

Indian Oil Corp reports over 19% jump in Q3 net profit at Rs 5,861 crore

Revenue from operations rose nearly 35% to Rs 1.98 trillion

Indian Energy Exchange divest 4.93% equity stake to Indian Oil Corp

India Energy Exchange on Wednesday announced divesting 4.93 per cent equity stake to India's largest oil company Indian Oil Corporation. IEX chairman and managing director SN Goel said that the move augurs well in the joint endeavour to build the gas market in India and is aligned with the government's vision of accelerating the share of gas in the energy mix to 15 per cent by 2030. "We strongly believe that IndianOil will bring huge value through guidance and support to our new initiative of IGX. IndianOil ... their huge expertise in the gas sector will help add new products for Indian markets," Goel said in a statement. Indian Oil has a diversified presence across oil, gas, petrochemicals, and fertilizer segments. At Indian Oil, we acknowledge the important role Indian Gas Exchange has to play in building a gas-based economy and also creating vibrant gas markets in the country," Indian Oil chairman Shrikant Madhav Vaidya said. Energy major Indian Oil has presence in almost all t

Sri Lanka signs deal to lease oil tanks to Indian Oil amid financial crisis

Sri Lanka signed a deal with the local unit of Indian Oil Corp, Lanka IOC, to lease 75 oil tanks, as the island moved closer to securing a $500 million fuel credit line from India

High-level IOC team in Bengal's Haldia to probe refinery fire

Chief Minister Mamata Banerjee condoled the deaths of the three workers, and wished for the speedy recovery of those undergoing treatment

Indian Oil Corp acquires 5% stake in IEX subsidiary Indian Gas Exchange

IOC joins the likes of oil and gas explorer ONGC, gas utility GAIL Torrent Gas Pvt Ltd and Adani Total Gas Ltd which already have acquired 5 per cent equity each in IGX

India-Russia extend energy and infra cooperation, sign string of MoUs

Agreements cover crude oil supply deals, manpower training, technology transfer for oil refineries, and research in the field of metallurgical technologies

Indian Oil Corporation pays Rs 2,424 crore as dividend tranche to govt

The government has received Rs 2,424 crore as dividend tranche from Indian Oil Corporation (IOC), DIPAM Secretary Tuhin Kanta Pandey said on Thursday

NTPC ties up with Indian Oil to collaborate in renewable energy

State-owned power giant NTPC on Friday inked an initial pact with Indian Oil to collaborate in the field of renewable energy. This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country's commitment to achieving renewable energy targets and reduce greenhouse gas emissions, a statement by NTPC said. "NTPC Ltd. and Indian Oil signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for supply of low carbon/RE RTC (round the clock) captive power," it said. The MoU was signed in the presence of Gurdeep Singh, CMD-NTPC; Shrikant Madhav Vaidya, Chairman, Indian Oil and other officials of the companies. Gurdeep Singh said NTPC is taking various steps to make its energy portfolio greener by adding significant capacity of renewable energy sources so that its non-fossil fuel-based capacity will become equal or greater than its thermal portfolio by 2032. Through this M

IOC to set up 10,000 EV charging stations in next 3 years: Chairman

Prime Minister Narendra Modi on Monday made a bold pledge to cutting emissions at the world's third-biggest emitter to net-zero by 2070

Indian Oil reports Rs 6,235 crore consolidated net profit in June quarter

Earnings from petroleum products lower than same months of last year

Indian Oil reports second quarter net profit at Rs 6,360 crore

Sequentially, net profit was higher than Rs 5,941.37 crore earned in the April-June quarter

Indian Oil lists foreign currency bonds on IFSC exchanges at GIFT

Indian Oil listed has listed its foreign currency bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT). "We are extremely delighted to be here on the momentous occasion of the listing ceremony of USD 1.4 billion and SGD 400 million on NSE IFSC and India INX exchanges," Indian Oil Director- Finance Sandeep Kumar Gupta was quoted as saying in a statement issued by NSE IFSC on Thursday. According to him, the advent of IFSC at Gift City has provided an opportunity for Indian companies to access offshore funds within India. These bonds were listed on the global securities market platform of India International Exchange (India INX) and debt securities market platform of NSE International Exchange (NSE IFSC). These platforms were launched for listing and trading of debt securities in multiple foreign currency bonds, green bonds, masala bonds, notes, among others. The platforms provide an efficient international listing process

IOC to invest Rs 1 trillion to expand refining capacity: Chairman

To raise its refining capacity by almost a third in the next 4-5 years

Indian Oil asks Gujarat pump dealers to desist from one-day weekly protest

According to the letter by Indian Oil, the protest is causing inconvenience the public

Indian Oil Corp to deploy drones to check fuel thefts from pipelines

Indian Oil Corp (IOC) is deploying drones to monitor its vast network of pipelines across the country as it doubles down on the use of technology to thwart attempts to steal fuel

Getting a breather: High commodity costs give debt relief to PSUs

Combined net debt stood at Rs 6.83 trillion at the end of March 2021