Page 9 - Indian Oil Corp

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

IOC emerges as biggest bidder for city gas licences; Adani, HPCL follow

Indian Oil Corp had won licences for seven cities on its own

Indian Oil to shut half of Panipat refinery from mid-Feb for maintenance

The refiner will shut a 150,000 bpd crude unit. It will also shut a sulfur recovery unit, hydrocracker, diesel hydrotreater, and coker among others for planned maintenance

Indian Oil Corp may raise about $3 billion through US dollar bonds issue

IOC is already in market to raise $900 million through a bonds issue

IOC has enough headroom to absorb buyback, dividend payout: Fitch

The board of IOC last week approved buyback of up to 297.6 million equity shares, or 3.06 per cent of share capital, at Rs 149 per share aggregating to Rs 44.35 billion

Indian Oil lines up Rs 220 bn capex plan for current fiscal year

Sanjiv Singh, Chairman IOC, said the board has approved a capex plan of Rs 220 bn for FY19, of which around Rs 60 billion will be towards upgrading refineries to meet BS-VI emission norms

Oil marketing companies trade weak; Indian Oil hits 52-week low

In past six months, IOCL, BPCL, HPCL has underperformed the market by falling in the range 11% to 13%, against 8% rise in the Nifty 50 index.