Antique Stock Broking reiterated 'Buy' on Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp, with HPCL as the top pick
3M India, Indian Oil, JK Tyre and Titan zoomed up to 19% in Tuesday's trade. Technical charts suggest these 4 stocks can rally to fresh life-time highs and rally up to 25% from here.
IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions
The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America
Oil & Gas stocks rally on D-Street: At 12:38 PM; BSE Oil & Gas was up 2.5 per cent, as compared to 0.42 rise in the BSE Sensex.
In Q2, IOCL's consolidated net profit stood at ₹7,817.55 crore, as compared to a net loss of ₹169.58 crore a year ago
The country's top refiner, Indian Oil Corp, has bought 5 million barrels of US West Texas Intermediate crude for delivery in October and November via a tender
IOCL share price: Indian Oil Corp shares were volatile as June-quarter profit nearly doubles but misses estimates
Indian Oil's Q1 FY26 profit rose to ₹5,689 cr from ₹2,643 cr on higher refining and marketing margins, despite inventory losses, with revenue up 1.2% to ₹2.19 trillion
In its latest tender, IOC bought 2 million barrels of US Mars crude, 2 million barrels of Brazilian grades and another 1 million barrels of Libyan crude
India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions
Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Mangalore Refinery and Petrochemicals Ltd have not placed new orders for Russian crude
The fund raising comes as the government plans to increase the share of natural gas in the energy mix to 15 per cent by 2030, from 6 per cent at present
State-owned Indian Oil Corporation (IOC) has finalised the levelized cost of hydrogen (LCoH) for setting up a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery and petrochemical complex in Haryana, advancing India's clean energy ambitions. "This marks IOC's entry into the green hydrogen space with India's largest-ever green hydrogen project to date," the firm said in a statement. IOC, however, did not give costing and other financial details. "Slated for commissioning by December 2027, the green hydrogen produced will replace fossil-derived hydrogen in refinery operations, resulting in substantial reduction in carbon emissions," it said. Hydrogen is a fuel that finds vast applications across industries ranging from oil refineries to steel plants and can power cars, trucks, trains, ships, and even industrial processes. It can be produced from a variety of sources. Green hydrogen is hydrogen gas produced by splitting water using renewable energy sources
IOCL plans to set up green hydrogen units at all of its refineries as part of a ₹2.4 trillion green transition plan to achieve net zero carbon emission status by 2046
Q4 FY25 company results today: Varun Beverage, Jindal Steel & Power, and Federal Bank will be among 51 companies to post earnings reports for the January-March quarter on April 30
When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
State transport minister Laljit Singh Bhullar said with this Memorandum of Understanding (MoU), the state government would save Rs 9 crore per annum
OMCs are businesses involved in the marketing and distribution of petroleum products such as crude oil, gasoline, diesel, kerosene, jet fuel, and other refined petroleum products
The biggest deal was signed by public sector oil marketing company IOC. It inked an agreement to import LNG from UAE's Abu Dhabi National Oil Co.