Page 9 - Indian Oil Corporation

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

Indian Oil gets funding support from USTDA for its green tech endeavour

A US trade body has announced grant funding to the Indian Oil Corporation's (IOC) carbon capture, utilisation and storage capacity in the Koyali refinery in Gujarat.

IBM's AI push helps consumer goods firms go digital, tide over Covid-19

The Covid-19 pandemic has spurred consumer goods firms to work with Big Blue to drive their digital transformation efforts, write Peerzada Abrar and Sai Ishwar

Fire on supertanker off Sri Lankan coast extinguished: Navy spokesman

The New Diamond is carrying about 2 million barrels of crude oil, although a senior Sri Lankan navy official said on Friday there was no real risk of a spill

IOC to invest Rs 1,268 cr to set up coker unit at Paradip refinery

State-owned Indian Oil Corp (IOC) on Tuesday said its board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha.

India's fuel demand may take 6 to 9 months to reach normal levels: IOC

Speaking at an investor call on first-quarter earnings, Gupta said it was difficult to predict the demand recovery rate given the rising infections in India and around the world

Indian Oil slips 3% as June quarter profit declines 47% YoY to Rs 1,911 cr

ncome from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year back

Indian Oil Q1 net profit falls 47% to Rs 1,910.84 crore on poor demand

Indian Oil Corporation Ltd reported a 47% drop in its June quarter net profit as pandemic outbreak pummelled fuel demand and shrank refining margins

Market Ahead, July 31: Top factors that could guide markets today

The June quarter results by Reliance Industries will be a major focus in the markets today. Besides, investors will also react to global cues, Covid-19 trends and other corporate results

Fitch affirms Indian Oil Corporation at BBB-minus with negative outlook

The agency has also affirmed IOC's senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus

Fitch affirms IOC at 'BBB-', outlook negative on refining volume, margins

The rating assigned to IOC is equal to its largest shareholder, the state of India, Fitch said in a statement.

Indian Oil's 300,000 bpd east coast refinery to be shut for 3 weeks

"The Indian Oil refinery in Paradip will remain shut from July 25 to August 15 for maintenance," said Sangram Keshari Mohapatra, the top bureaucrat in the district of Jagatsinghpur

IOC's special winter-grade diesel powers Indian soldiers in Ladakh

This fuel can withstand extremely low temperatures of around minus 33 degree Celsius.

Shrikant Madhav Vaidya takes charge as IOC Chairman, succeeds Sanjiv Singh

Prior to his elevation, Vaidya was the Director (Refineries) on the IOC Board, since October 2019

Indian Oil launches battery swapping facility for quick recharge of EVs

India's top oil firm IOC on Friday launched a battery swapping facility for EVs at its petrol pumps, offering to replace discharged batteries with fully charged ones in just couple of minutes.

Diesel crosses Rs 80-mark in Delhi for first time; petrol up by 16 paise

Diesel price continued to be higher in the city for the second consecutive day

Market Ahead, June 25: Top factors that could guide markets today

A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today

MARKET WRAP: Sensex falls 561 pts ahead of F&O expiry; financials top drag

All that happened in the markets today