Page 6 - Indian Oil

HPCL, BPCL, Indian Oil poised for gains with oil prices at 18-year low

HPCL, with higher proportion of retail sales, may benefit more from improvement in marketing margins

Coronavirus impact: BPCL snaps up 500 mn barrels of distress crude

Meanwhile BPCL has been the biggest customer of US crude since the last two years, when that country lifted the ban on exporting crude for the first in decades

IOCL's Mathura refinery starts producing 100% BS-VI fuel ahead of deadline

IOCL Mathura Refinery has achieved the distinction of becoming first refinery in the country to supply BS-VI compliant fuels, containing less than 10 ppm sulphur with existing units.

Oil marketing companies to take on RIL with e-discounts, cashbacks

Indian Oil is offering a cashback of 10%, or up to Rs 50, for every transaction

Today's picks: From India Oil Corp to ITC, hot stock to watch on Tuesday

ITC, Nifty, Indian Oil, Tech Mahindra

IOC in talks with Rosneft to import Russian oil: Chairman Sanjiv Singh

Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia.

IOC September quarter net profit slumps 83% at Rs 563.4 crore

Revenue from operations fell 13.2% to Rs 1.32 trillion

Petrol, diesel prices may come down as oil supply woes have subsided

India's diversified crude and product basket was one reason that helped India in avoiding the Saudi Aramco crisis.

Indian Oil issues tender for lease of LNG storage tank in Chennai

The Ennore terminal is owned by IndianOil LNG, a joint venture of IOC, private equity fund IDFC Alternatives and ICICI Bank, according to IndianOil LNG's website

EID Parry in talks with Indian Oil to start Compressed Biogas production

Company says plans are currently at evaluation stage only; unit may require tie-up with OMC and an investment partner as well

Decks cleared for Indian Oil's Rs 800 crore ethanol plant in Gorakhpur

Yogi government sweetens offer to IOC by slashing land lease rent by 50%

Indian Oil says Iran may still invest in Chennai Petroleum expansion

Iran's participation has been questioned after India cut back its Iranian crude oil imports following US sanctions

IOC to buy back shares for Rs 44 bn as govt looks to meet budget deficit

The government, which holds a 54.06 per cent stake in the company, is expected to participate in the share buyback

Indian Oil hopes to raise funds under new working capital norms in 20 days

High crude oil prices could cause demand destruction for fuel products in the next few months, says an IOC executive

Indian Oil sells naphtha from Paradip refinery for first time since May '17

IOC this year stopped exporting naphtha from Paradip, which can process 300,000 barrels per day (bpd) of crude, as it was using the fuel as feedstock for gasoline production

Indian Oil investing over Rs 120 bn in Haldia refinery, pipeline

Firm seeks to improve Haldia refinery to roll out BS Stage VI fuel; pipeline will extend from refinery and link bottling plants in Durgapur, Kalyani and Budge Budge

Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions

Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) aimed at tightening the market

Indian Oil eyes $1.5 billion savings with own plant technology

Indian Oil has created its own processes using catalysts and hydro-cracking to convert crude oil into fuels such as gasoline, diesel and liquefied petroleum gas

Indian Oil gains 5% on 1:1 bonus, interim dividend of Rs 19 per share

The state-owned oil marketing company reported net profit at Rs 78.83 billion in Q3FY18 against Rs 39.95 billion in year ago quarter.

Indian Oil gains 4% on bonus issue proposal

The stock was up 4% to Rs 399 in intra-day trade after the company announced that the board may consider issue of bonus shares in meeting scheduled on January 30, 2018.