Page 9 - Indian Oil Corp

Covid-19 lockdown: Petrol sales fell by 61% in April, diesel by 57%

ATF sales declined by about 92% during the month, showed provisional industry data

Indian Oil becomes first firm to begin supply of BS-VI fuel in country

This comes at a time when the nation battling outbreak of coronavirus imposed restrictions and states declared part lockdowns

IOC declares Rs 4.25/share interim dividend, govt to get Rs 2,060 cr

The company's board fixed March 25 as the 'record date' for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend at the aforesaid meeting.

IOCL's Mathura refinery starts producing 100% BS-VI fuel ahead of deadline

IOCL Mathura Refinery has achieved the distinction of becoming first refinery in the country to supply BS-VI compliant fuels, containing less than 10 ppm sulphur with existing units.

Indian Oil Corp, Israel's Phinergy sign JV to produce metal-air batteries

The IOC and Phinergy will set up a join venture in India to manufacture Al-Air batteries and to facilitate development of supporting infrastructure.

IOC plans $1.94 bn investment to raise Bihar refinery capacity by 50%

Refined fuel consumption - a proxy for oil demand - in the December quarter rose 2.6 per cent from a year earlier

IOC Q3 net triples to Rs 2,695 cr as inventory gains offset lower margins

IOC had a forex loss of Rs 182 crore as compared to Rs 2,804 crore foreign exchange gain a year back

BPCL likely to sell stake in Numaligarh Refinery through bidding

While OIL holds 26 per cent in NRL, BPCL and the Assam government have 61.65 per cent and 12.35 per cent equity, respectively

Four firms to list commercial papers on BSE for issue size of Rs 4,075 cr

The effective date for listing of the commercial paper at the exchange is December 17, the exchange said in a media release

Retail, telecom help RIL beat Indian Oil to be number one player by revenue

Fortune India list shows RIL as India's top firm in FY19

UP govt to set up biofuel plants to address issue of stubble burning

Will set up 1-2 biofuel plants in all 75 districts of Uttar Pradesh

IOC sees diesel demand rising in 6 months as longer-than-usual monsoon ends

India's fuel demand fell to its lowest in more than two years in September, with consumption of diesel at its weakest since January 2017

Indian Oil Corp slips over 4% as PBT in September quarter plunges 83% YoY

The company's net profit (profit after tax) came in at Rs 563.42 crore, as against Rs 3,246.93 crore during the same period in fiscal year 2018-19.

Indian Oil to open retail outlets in Saudi Arabia in JV with Al Jeri

Based on the plans lined up by both companies, at least 200 retail outlets should be set up initially in Saudi Arabia - the first might come up within six months

Ethanol blending: UP govt distilleries to supply 53 million litres to OMCs

State-controlled cooperative federation to invest Rs 160 crore on ethanol roadmap

IOC, Haldia Petro projects worth Rs 2 trillion may trip on land hurdles

Big ticket projects in Odisha have been hit by land acquisition woes; ArcelorMittal had to mothball its 12-mn-tonne steel mill in 2013 largely due to resistance from locals

OMCs in a sweet spot with declining crude prices, better refining margins

Firm marketing margins add to their fortunes, making them attractive post a sharp 30% correction from early-June highs

Indian Oil plans Rs 2 trn investment by 2024 to meet energy needs: Chairman

OC through its 11 refineries controls about a third of India's 5 million-barrel-per-day refining capacity

IOC, Adani to invest Rs 9,600 crore in gas projects in 10 cities

The two firms in 2013 had incorporated a 50:50 joint venture company, IndianOil-Adani Gas Pvt Ltd, for implementation of city gas distribution projects in various cities in the country

Indian Oil threatens to cut fuel supply to Air India 'for not paying dues'

The disinvestment-bound carrier, which is incurring Rs 15 crore loss per day, has huge dues towards oil companies and Airports Authority of India, among others