Page 12 - Indian Oil Corporation

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

Indian shippers want IOC to ease tanker hire condition

The refiners have a new clause that the vessel's age should be not more than 10 years on the date of delivery

Odisha sore with IOC over timeline revisions for petrochem units

The Odisha government has voiced its displeasure with the Indian Oil Corporation Ltd (IOCL) for delaying the timeline for commissioning of different projects proposed for the petrochemical complex at Paradip.The delay in commissioning of the planned units of the petrochemical complex by IOCL could have a bearing on the PCPIR (Petroleum, Chemicals & Petrochemicals Investment Region) hub in Odisha. The PCPIR is proposed over an area of 284 sq km straddling the coastal districts of Jagatsinghpur and Kendrapara. IOCL is the anchor tenant of the PCPIR hub and the commissioning of the petrochemical units holds the key to attracting investors. With a processing area of 123 sq km, the PCPIR is projected to draw investments worth Rs 2.74 lakh crore."The latest revisions proposed by IOCL for completing different units of the petrochemical complex could put at stake investments for the PCPIR hub. We have asked Idco (Odisha Industrial Infrastructure Development Corporation) to renegotiate the

Indian Oil's Rs 273-cr KSPL augmentation project gets green nod: Official

"Based on the recommendation of an expert panel, the environment ministry has given environment clearance for the IOC's proposal on KSPL," the official said.

Indian Oil aims 13.5 mn tonnes of LNG import capacity in 5 years

The company is also looking at signing a long-term LNG supply deal

IOC profit rises 18% to Rs 3,696 cr in Q2; GRM at $6.08

The company's net profit in September quarter last year was Rs 3,122 crore

IOC board gives approval to set up Rs 27k cr refinery by subsidiary CPCL

The expansion was subject to the approval of board of IOC, the holding company of CPCL