If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years
The rise in net profit is on account of inventory and exchange gains, said IOC Chairman Sanjiv Singh on Friday
The IOCL board had, in October, accorded final approval to the 344-km pipeline project from Paradip to Haldia via Somnathpur for evacuating products from the refinery
The company has sought 50 acres from a defunct sugar mill in Gorakhpur
Allotment already delayed by over a year; government sources say no land for PSU oil firm till its fresh investment package gets okay at highest level
The unit would make use of Spheripol Technology from Basell