Page 12 - Indian Oil Corporation

Best of BS Opinion: Disinvestment blues, sorry state of policing, and more

From how India could become the world's second largest e-bus market after China to police reform and the purchase of BPCL by IOC, here's a selection of Business Standard Opinion pieces for the day

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years

IOC to invest Rs 2 trn in 5-7 yrs, develop a new energy storage technology

These investments will be made across refinery expansions, petrochemical capacities and pipeline projects

Odisha clears Rs 2.04-trn investments; focus on sectors other than mining

The new investments will generate direct employment for 30,000 people while creating indirect job opportunities for 100,000 others

Non-subsidised cooking gas price cut by Rs 62.50 per cylinder: IOC

Non-subsidised LPG will now cost Rs 574.50 with effect from midnight tonight

Indian Oil Q1 net profit drops 47% to Rs 3737 cr on lower refining margins

The company's total income almost remained flat with an increase of only 0.48 per cent during the quarter under review

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 studying if Iran's investment in Chennai refinery violates US sanctions

National Iranian Oil Co was allowed to use the money it had in its UCO bank account to pay for commodities from India, however, if this money can be used for CPCL expansion anymore remains to be seen

Indian Oil cuts fuel supply to cash-strapped Jet Airways, resumes later

As planes were stranded for over three hours, passengers were asked to deboard

Indian Oil buys commissioning cargo of LNG for new Ennore terminal: Report

State-owned IOC bought a partial LNG cargo for delivery on February 25 from commodities trader Gunvor

IOC Q3 net profit dips 91% to Rs 716.82 crore on higher inventory loss

The non-payment of 93% of subsidy by govt led to a burden of Rs 11.8k cr

Indian Oil to raise up to $1.5 billion from international bond sale

The bonds have been rated Baa2 by Moody's and BBB- by Fitch Ratings

IOC Q2 net down 12.5% to Rs 33.26 bn due to forex expenses, input costs

IOC said the impact of absorbing the cut of Rs 1 a litre in diesel and petrol prices would be seen from Q3

IOC to invest Rs 54 bn in city gas network for retailing CNG in 7 districts

IOC had in the recently concluded 9th bid round for city gas licences won permits for seven cities on its own and another nine in a joint venture with Adani Gas

Indian Oil posts 50% jump in Q1 net at Rs 70.9 bn; income up at Rs 1.52 trn

Expenses remained higher at Rs 1.42 trillion

Indian Oil shuts 40,000-bpd crude unit at Haldia plant after fire incident

The fire took place on Thursday evening, IOC said in a statement

'Fuel at Doorstep' initiative takes baby steps in first month of operations

To begin with, 'fuel at doorstep' will continue to remain a distant dream for the retail user, as that is not an option under consideration

Indian Oil board approves Rs 42 bn ethylene glycol project in Paradip

IOC would use by-products generated from refining crude oil at its 15 million tonnes a year refinery at Paradip to manufacture Ethylene Glycol

Indian Oil considers investing $3.5 bn from April to expand capacity

The company plans to use internal resources for the capital expenditure and has no plans to raise loans or issue bonds

IOC to commission Rs 27-bn pipeline to move products from Paradip refinery

The products to be evacuated are motor spirits, high-speed diesel, kerosene and aviation turbine fuel