Page 3 - Indian Oil

Indian Oil to triple gas sales, boost renewable energy to 31 GW by 2030

The company aims to establish a 5 GWh lithium-ion battery production capacity by 2031 as part of its strategy to diversify its energy portfolio

RIL, Blue Dart, India Oil, Vi among six stocks to track on June 20

At 6:35 AM, GIFT Nifty futures indicated a slight uptick, trading 21 points higher at 23,525 compared to their previous close

India's LNG resurgence may be short-circuited by rising costs of spot fuel

India's gas-fired generators, which took 5-6 cargoes of spot LNG in May, have little access to limited-term supplies and must rely on expensive spot fuels to generate power

India's robust LNG imports standout in Asia, higher prices concern looms

Growth in Asia's third-largest economy likely slowed to an annual 6.7 per cent in January-March, more in line with the long-term GDP growth rate

Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships

The acceptance of Sovcomflot tanker by the country's largest refiner carries significance as it could embolden other smaller refiners to also use Sovcomflot vessels for their oil purchases from Russia

Indian Oil Q4FY24 results: Net profit shrinks 50% to Rs 5,149 crore

Annual net profit up 268% to Rs 43,161 crore, helped by Russian discounts

Indian Oil Q4FY24 results: Net profit falls 49% to Rs 5,148 crore

For the entire financial year, the company reported a rise in net profit by 326.15 per cent at Rs 41,729.69 crore, compared to Rs 9,792.12 crore reported at the end of FY23

Q4FY24: Indian Oil, REC, Havells India among 56 firms to post results today

Q4 FY24 results: Adani Energy, Adani Total Gas, Central Bank of India, Indus Towers, Procter & Gamble Hygiene & Health Care, Castrol India to post financial results

Zetwerk bags order from Indian Oil to set up over 1,400 EV fast chargers

Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for 6,000 chargers, in which 40 EV suppliers across the country participated. "Zetwerk has secured an order with Indian Oil Corporation Limited (IOCL) to set up EV fast chargers across India through competitive bidding which was participated by more than 40 leading EV suppliers across the country," the company said in a statement. Zetwerk said that it has bagged the largest order from the public sector oil marketing company. "These charging stations will be deployed as per requirement across IOC outlets, providing a seamless charging experience. By conveniently locating these stations in major cities, we will enable the widespread adoption of EV mobility and drive the nation towards a sustainable future," Zetwerk Business Head - Renewables Abhay Adya said. Under the ...

Indian Oil Corporation appoints Rashmi Govil as Director, Human Resources

Rashmi Govil has taken charge as Director (Human Resources) at Indian Oil Corporation Limited (IndianOil), the Fortune-500 energy major said on Friday. "She joined IndianOil in 1994 and brings with her nearly three decades of rich experience in various facets of the human resources function," the company said in a statement. Govil is a seasoned professional with an MBA specialising in HR and a Postgraduate Diploma in Finance. Prior to her appointment as Director (HR), she was serving as Executive Director (HRD & Employee Relations) at the company's corporate office. With this elevation, IndianOil now has two women functional directors on its Board. Sukla Mistry, Director (Refineries), is other director on the board that has a total of seven functional directors. "Govil has also worked at IndianOil's refineries headquarters," it said. "Her rich and varied experience has laid the foundation for her deep understanding on the nuances of the function including compensation and ...

These 2 rail-related stocks have zoomed over 75% thus far in Jan

IRFC with market capitalisation of Rs 2.3 trillion today surpassed other state-owned companies like Power Grid Corporation (Rs 2.23 trillion), IOCL (Rs 2.11 trillion) and HAL (Rs 2.01 trillion).

Tata Power ties up with Indian Oil to set up over 500 EV charging stations

IOCL said it is aiming to provide 10,000 EV charging stations in India by 2024 transforming the retail network to complete energy solutions outlets

Indian Oil opens its first EV battery swapping station in Kolkata

Indian Oil Corporation (IOC) on Monday opened its first battery-swapping station in Kolkata for electric vehicles (EV). The oil marketing PSU opened the facility at its retail outlet in New Town on the eastern outskirts of the city in collaboration with Sun Mobility, the company said in a statement, adding that this marks a significant step forward in promoting sustainable and accessible electric mobility solutions across the city. Battery-swapping technology for two and three-wheeler EVs has proven to be a game-changer across India. IOC director (marketing) V Satish Kumar said, "The battery-swapping technology presents a significant opportunity for promoting sustainable electric mobility solutions. This facility is expected to play a pivotal role in the adoption of EVs and spearhead energy transition in eastern India." In the coming months, IOC, in association with Sun Mobility, will install more battery-swapping facilities at its retail outlets, allowing drivers to access its ...

CIL gives extension to Debasish Nanda as Director, Business Development

State-owned CIL on Wednesday said it has given extension to Debasish Nanda, who at present is company's Director, Business Development. The extension has been given to Nanda, who is at present company's Director, Business Development, for a period of six months effective November 2, 2023 or till the appointment of a regular incumbent or until further orders, whichever is earliest, Coal India Ltd (CIL) said in a regulatory filing. Nanda took over as CIL's first Director, Business Development last year. Before joining CIL, Nanda was working as Executive Director (Gas) in Indian Oil. Nanda, a graduate in mechanical engineering from UCE Burla, Sambalpur University, a post graduate in production engineering from REC Rourkela and a Masters in International Business from IIFT, New Delhi. He joined Indian Oil in 1988 as a management trainee in the marketing division and spent 11 years in marketing of Servo lubricants.

Indian Oil Q2 results: Net profit soars to Rs 13,713 cr, beats expectations

The latest quarterly growth comes despite a 12.6% decline in operational revenue

Dhamra LNG terminal to save over Rs 5,000 crore annually for its users

Adani Ports & SEZ and TotalEnergies have jointly invested Rs 1,900 crore in the terminal project so far and the Adani firm started investing in the project from 2016 onwards

Chennai Petroleum Corporation Q1 net profit shrinks 76% to Rs 548 crore

In the latest quarter, revenue from operations reduced by 35 percent to Rs 17,985 crore year-on-year from Rs 27,449 crore in the year-ago quarter

Stocks to watch: IndusInd Bank, Ashok Leyland, Patanjali Foods, Ircon, IOC

Stocks to watch on July 18, 2023: From Ashok Leyland to Tata Elxsi, check out the top stocks to watch in Tuesday's trading session

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio

After Chotu, Munna LPG cylinders to hit North East markets soon: Indian Oil

After Chotu', Indian Oil is all set to launch Munna' in the North Eastern region soon, a top official said on Friday. The PSU is also focusing on infrastructure development in the region, including setting up LPG bottling units in all the seven states, he added. Addressing a press conference here, executive director and state head, IndianOil, Assam Oil Division, G Ramesh said, After introducing the 5-kg LPG cylinder Chotu' in NE last year, we will also be launching the 2-kg cylinder Munna' soon. Ramesh said bottling units for Munna' will be launched in Tripura and North Guwahati soon. These lightweight LPG cylinders are catering to migrant population in urban and semi-urban areas who do not have local address proof, people with lower gas consumption and commercial establishments with limited space. Munna' will be particularly helpful for people in hilly areas as it will be easy to carry, he added. The per kg price of Munna' is nearly same as the regular domestic cylinder, while ..