Page 8 - Ioc

IISc and Indian Oil R&D sign MoU for hydrogen-generation technology

The Indian Institute of Science (IISc) and the Research and Development Centre of IndianOil Corporation Limited have signed an MoU to develop and demonstrate biomass gasification-based hydrogen generation technology for producing fuel cell-grade hydrogen at an affordable price. Under this MOU, which was signed on October 29, the IISc and IndianOil will work jointly on the optimisation of both biomass gasification and hydrogen purification processes, the IISc said in a statement. The developed technology will be scaled up and demonstrated at IndianOils R&D Centre at Faridabad. Hydrogen generated from this demonstration plant will be used to power fuel cell buses as part of a bigger project being conceived by IndianOil towards ushering in the countrys hydrogen economy. Speaking on the occasion, IIScs Director Prof G Rangarajan stressed on the academia-industry collaboration and highlighted contributions made by Prof S Dasappa at the Centre for Sustainable ...

LA 2028 chief urges IOC to allow anti-racist advocacy at Olympics

2028 Los Angeles Olympics organising committee Chairman Casey Wasserman has pushed for allowing for advocacy of anti-racism at the Games.

IOC, French firm Total join hands for bitumen production and marketing

Form equal JV to set up six greenfield plants in the first four years at an investment of Rs 226 cr; Total is leading bitumen player in Europe

IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn

Firm started completion of as many as 336 projects since easing of curbs on April 20, and 50 more since July first week

IOC seeks 24 mn barrels of US crude for Oct 2020-Mar 2021 delivery: Report

The tender will close on June 12 with validity on the same date.

IOC says working full throttle to meet rising LPG demand in Tamil Nadu

Company says its 12 bottling plants in the state are running at full capacity without disruptions, many a times on Sundays and holidays as well.

Tracking the journey: How refineries and outlets made BS-VI switch possible

One of the biggest challenges has been to execute the change in outlets situated in remote areas with lower off-take

IOC plans to open LPG bottling plant in Mizoram, upgrade 100 outlets in NE

IOC is also looking to commission at least nine retail outlets in Mizoram in the forthcoming fiscal

BPCL sale: Indian Oil maintains interest, may bid on lower offer size

DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL

BSNL, Air India and MTNL highest loss-making PSUs in FY19: Survey

ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19

Sibling rivalry: BPCL, IOC neck and neck in terms of market value

The privatisation buzz and tailwind provided by subdued oil prices have triggered a massive rally in BPCL

IOC Q3 net triples to Rs 2,695 cr as inventory gains offset lower margins

IOC had a forex loss of Rs 182 crore as compared to Rs 2,804 crore foreign exchange gain a year back

IOC top brass rejig: Shrikant Madhav Vaidya becomes new chairman

Shrikant Madhav Vaidya will be the new Chairman of the country's biggest oil firm, Indian Oil Corp (IOC). Vaidya, who currently is Director (Refineries) at IOC, was selected for the top post by government headhunter Public Enterprise Selection Board (PESB) on Thursday, sources with direct knowledge of the development said. He was selected after PESB interviewed five candidates, including four directors on IOC board - Director Finance Sandeep Kumar Gupta, Director HR Ranjan Kumar Mohapatra and Director R&D SSV Ramakumar. Besides these and Vaidya, the fifth candidate interviewed was Rahul Bhardwaj, an executive director with the company. Vaidya, 56, joined the IOC Board in October and will replace Sanjiv Singh who retires as Chairman of the company at the end of June next year. Sources said Vaidya will be first screened by anti-corruption bodies CVC and CBI before his candidature is put before the Cabinet Committee on Appointments headed by Prime Minister for approval. He will have

OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU

A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord

IOC sees diesel demand rising in 6 months as longer-than-usual monsoon ends

India's fuel demand fell to its lowest in more than two years in September, with consumption of diesel at its weakest since January 2017

Ethanol blending: UP govt distilleries to supply 53 million litres to OMCs

State-controlled cooperative federation to invest Rs 160 crore on ethanol roadmap

Privatisation could result in more gains for Bharat Petroleum's investors

New asset-based valuation method indicates strong upside for OMCs

Saudi Aramco assures full volume of crude oil to Indian companies

IOC, BPCL and MRPL to receive full allocated volumes of crude in Oct

HPCL, BPCL, IOC and aviation stocks tumble as global crude oil price surges

While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries

Disinvestment blues

Purchase of BPCL by IOC would hurt the sector