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Centre asks refiners to maximise LPG output amid West Asia conflict

The Centre has directed refiners to maximise LPG production and ensure supplies go only to state-run retailers for domestic use as tensions in West Asia threaten global energy flows

Transit shock! Why Kotak Sec has sell on OMCs, Petronet LNG, IGL, MGL?

The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted

Q3 results today: Airtel, Hero MotoCorp, IOCL, and LIC among 199 firms

Q3FY26 company results: Nykaa, Godrej Properties, Suzlon Energy, PVR Inox, and Berger Paints India are also to release their October-December earnings today

Indian Oil, BPCL JV makes fresh oil discovery in Abu Dhabi onshore block

Indian Oil and a BPCL arm have reported a new oil find in Abu Dhabi through their joint venture. The discovery follows an earlier find in 2024, the company said

Indian Oil resumes Russian oil purchases from non-sanctioned entities

IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions

IOCL seeks up to 24 million oil barrels from Americas amid Russia curbs

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

IOC's project SPRINT starts to show results, company gains retail dominance

Indian Oil Corporation's (IOC) transformative project SPRINT has started to show results with improved operational performance at refineries and the company is regaining leadership position in fuel retail expansion, Chairman Arvindar Singh Sahney said. India's largest oil firm in April unveiled Project SPRINT that looks to make the firm future-ready by fashioning businesses to meet changing global energy landscape and stay relevant and profitable. SPRINT stands for strengthening core businesses of oil refining, petrochemicals and fuel marketing, propel cost optimisation to increase profitability, reinforce customer centricity, integrate technology and innovation, nurture leadership and talent, and be transition-ready. IOC called SPRINT a transformation project that will keep the firm rooted in its core strengths, while at the same time preparing for an eventual transition away from fossil fuels. "To sustain leadership in a changing energy landscape, the company must evolve with spe

IOCL shares trade volatile as Q1 misses estimates; Should you sell?

IOCL share price: Indian Oil Corp shares were volatile as June-quarter profit nearly doubles but misses estimates

Big discovery in deepwater basin need of hour: OIL chief Ranjit Rath

This is a flagship initiative being launched by the Government of India under the aegis of the Ministry of Petroleum and Natural Gas (MoPNG)

Cabinet approves ₹30,000 crore compensation for PSU oil marketing firms

The Cabinet approved ₹30,000 crore compensation for IOCL, BPCL and HPCL to cover domestic LPG losses, ensuring affordable supply and financial stability for PSU oil firms

ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations

Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil

HPCL, BPCL: OMCs, paint, tyre, aviation stocks rally after oil slips 5%

BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent

OMCs, paint, tyre stocks fall; upstream oil mixed as oil price rises 13%

BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent

Indian Oil withdraws 5-year bond issuance on higher-than-expected yield

Indian Oil Corporation withdraws Rs 3,000 crore bond offer as yield crosses expected levels, despite strong demand and competitive pricing post-policy announcement

Indian Oil to complete Panipat, Gujarat refinery expansions by December

Targets $4 billion of capex in FY26, up from $3.71 billion last year

OMCs to get compensation for ₹30,000 crore LPG under-recovery in FY26

Petroleum Ministry officials say long-term solutions are needed as global LPG prices rise and subsidy burdens on OMCs become increasingly unsustainable

IOCL Q4 results: Net profit rises 58% to ₹8,124 crore, revenue down by 1%

Falling expenses, inventory gains, relatively stable GRMs helped push up net profit

Indian Oil ties up with Novac Technology Solutions for employee upskilling

This strategic partnership between IOCL and Novac Technology Solutions signifies a monumental leap forward in workforce development and learning innovation within the energy sector

IOCL Q3 net profit shrinks 76% to Rs 2,115 crore as refining margins fall

Despite growing sales and exports, lower crude prices pulled down revenue to Rs 2.19 trillion

DEE Development Engineers expects revenue to triple to Rs 2,400-cr: CMD

DEE Development Engineers, a piping solutions provider, expects its revenue to triple to around Rs 2,400 crore in the next three to five years as it embarks on its next phase of growth, the company's Chairman and Managing Director (CMD) Krishan Lalit Bansal said. The company, which reported a revenue of Rs 785 crore in 2023-24, is expecting higher revenue in the current financial year, Bansal said during an interaction here. DEE Development Engineers has launched its new facility in Anjar with an investment of Rs 250 crore. The facility, with an initial capacity of 12,000 tonnes per annum, is expected to be ramped to 27,000 tonnes per annum by September this year. The company also plans to come up with a Rs 90-crore seamless pipe manufacturing facility in Anjar by December this year, Bansal added. This unit will have an annual production capacity of 7,000 metric tonnes. "We are putting up a specialised forged seamless pipe plant also. The pipes produced out of that shall primarily