Page 8 - Indian Oil Corporation

IOC to invest Rs 32,496 cr to expand Panipat refinery capacity

The firm said it will invest to expand its oil refinery at Panipat in Haryana to 25 million tonnes per annum capacity

Indian mission in Sri Lanka denies Trincomalee oil tanks deal off

The Indian High Commission here has rejected Sri Lankan energy minister's claim that the deal between the two countries on Trincomalee oil tanks leased to the Indian Oil Corporation has been scrapped.

Sri Lanka to re-acquire 99 oil tanks leased to Indian Oil Corp: Minister

Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to Indian Oil Corporation in the eastern port district of Trincomalee

Indian Oil consolidated net profit jumps 52% to Rs 4,102.37 crore in Q3

Board declares interim dividend of Rs 7.50 per share

Boost for pilot training schools as IOC to produce aviation gasoline

Prices of Avgas, which is completely imported, are over twice those of ATF; Currently there are 32 flying schools and govt wants more such to come up within the country

Indian Oil Corporation profit doubles in Q3 on inventory gains

Rising oil prices yielded inventory gains and a rise in petrochemical margins

Praj Industries bags Rs 226 crore order from Indian Oil Corporation

Industrial biotechnology company Praj Industries on Friday said it has bagged a Rs 226.90 crore order from Indian Oil Corporation Ltd

PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%

The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India

Indian Oil Corp to buy 15 buses for Delhi that run on hydrogen fuel

To give a fillip to India's push to usher in a hydrogen-based mobility solutions ecosystem, Indian Oil Corporation (IOC) plans to buy 15 buses that can run on hydrogen fuel. The country's largest oil refiner and fuel retailer is also setting up a facility at its Faridabad research and development (R&D) centre to produce hydrogento run the buses, the company said in a statement. Like all electric vehicles, fuel cell electric vehicles use electricity to power an electric motor. In contrast to other electric vehicles, these vehicles produce electricity using a fuel cell powered by hydrogen, rather than drawing electricity from only a battery. Fewer pollutants and less noise are among the advantages of electrically powered vehicles. IOC said ithas invited "bids to procure 15 polymer electrolyte membrane (PEM) fuel cell buses". This project is the first-ever attempt in the country to address all the aspects of hydrogen-based mobility as the ultimate green option. IOC Chairman S M ...

On the road to recovery: Marquee companies raise advance tax payment

Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table

Fuel sale coming back to pre-pandemic levels, says IOC official

Fuel sale in the country is coming back to normal which also shows the reflection of normalcy in economy, a senior Indian Oil Corporation official said

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

IOC net profit jumps more than 15 times in Q2 over inventory, forex gains

GRM at $8.62 a barrel during the quarter versus $1.28 a year ago. However, total income drops 13%

Tech giant IBM, Indian Oil Corporation collaborate for digital services

Tech giant IBM on Thursday said it has collaborated with Indian Oil Corporation Ltd (IOCL) to transform the latter's customer experience using digital tools

Chennai Petroleum Q2 profit at Rs 290.58 cr versus loss a year ago

Revenue drops to Rs 9,732.90 cr from Rs 12,191.97 cr; firm says demand for fuel products was lower during the current half year due to Covid related lockdown

'Cleaner than CNG' fuel for Delhi buses from today: Facts you should know

Union Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan will today formally launch the much-awaited trial run of HCNG buses

Diesel demand seeing degrowth, petrol picking up: Indian Oil Corp

State-run Indian Oil Corporation on Monday said demand for diesel in West Bengal has declined 20 per cent during the current fiscal so far as industries are not fully operational amid Covid-19

IOC mulls deferring expansion of projects to sync them with demand

In an interview, Vaidya said oil demand in India has not been destructed but only deferred and Indian Oil Corp (IOC) was also betting big on petrochemicals to hedge fuel shocks

Salvage team looks for rescue port for oil transfer from wrecked IOC vessel

The vessel is now in Sri Lankan water at about 70 nautical miles from the coast

IOC to review greenfield expansion projects in refining segment: Chairman

Vaidya also added as part of the company's long-term strategy, it was looking to enhance petrochemicals integration to about 14 to 15 per cent of Petrochemical Intensity Index (PII) by the year 2030