Page 10 - Indian Oil Corporation

Market Ahead, June 24: Top factors that could guide markets today

The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today

Just 36 paise shy, diesel prices set to surpass petrol for the first time

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre

Crude processing in May recovers, up 7.3% from April to 3.87 million bpd

Compared to last year, Indian refiners' crude processing however tumbled by 24.2 per cent in May to 16.35 million tonnes

OMCs rally amid an increase in petrol, diesel prices for 2nd day in a row

Meanwhile, OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July.

Need to take inventory write down of Rs 1,456 cr over Covid-19, says CPCL

Lower demand for crude oil and petroleum products had impacted the prices and refining margins of the company

CPCL plans 9 MMTPA expansion at Cauvery Basin Refinery on JV basis

IOCL and CPCL to jointly hold 50% stake in JV, rest to come from financial, strategic and public investors

With gradual demand recovery, IOC rolls back refinery production cuts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

From Anaj Mandi to Vizag gas leak, industrial accidents that shook India

India has seen some horrible accidents in the past killing scores of people

States get short shrift

Central govt seeks to repair its finances

From Adani Gas to IOC, over 80 force majeure requests flood PNGRB

According to multiple sources close to the development, the big firms that applied for force majeure include Adani Gas, Gail Gas, Indian Oil Corporation, Indraprastha Gas, Haryana City Gas

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Coronavirus lockdown: IOC raises LPG imports by 50% amid rise in demand

The company said that the move was to ensure uninterrupted availability of bulk LPG for its bottling plants.

For BS-VI transition, coordination with carmakers was key: IOC chairman

Vehicles and the fuel they run on have to switch over to BS-VI emission norms before April 1

Covid-19: Indian Oil initiates rare protocol to keep fuel supplies running

The company has implemented work from home at non-critical locations and implemented staggered work hours and working on alternate days at others with all precautions

India to top up strategic oil reserve with Rs 5,000 cr buy as prices drop

Global crude oil fell about 40% in March (to about $25 a barrel now) so far after talks of production cut between the OPEC and Russia failed.

IOC plans to open LPG bottling plant in Mizoram, upgrade 100 outlets in NE

IOC is also looking to commission at least nine retail outlets in Mizoram in the forthcoming fiscal

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.

Saudi discount to only partially transmit in product prices: IOC chief

According to Sanjiv Singh, chairman of Indian Oil Corporation, each rupee depreciation results in Rs 2,500 crore of more outgo on crude oil import

Indian Oil Corporation's gas pipelines to be part of proposed GAIL arm

Cabinet to take a call soon; IOC product pipeline not to be part of new arm

Price hike on BS-VI won't hurt consumers, will meet April deadline: IOC

Company executives, including Chairman Sanjiv Singh, said they expected the matter of price hike for the cleaner fuel to be settled before the roll-out