Page 4 - Iocl

IOCL signs pacts with Petrobras, Ecopetrol for crude oil supplies: Report

IOCL's pact with Petrobras was signed during petroleum secretary Pankaj Jain's visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL

CIL to ink pacts with BHEL, IOCL, GAIL for 4 coal gasification projects

State-owned CIL will sign agreements with three public sector enterprises -- Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd (IOCL) and GAIL (India)-- in order to set up four surface gasification projects. Through gasification process, coal is converted into syngas -- a fuel gas -- which can be used in downstream production of value added chemicals. The government aims to achieve 100 million tonnes of coal gasification in the next eight years in order to reduce the import of crude oil which is otherwise used to produce syngas. "Coal India Limited (CIL), under the aegis of Ministry of Coal, will be inking three major Memorandum of Undertaking (MoU) on September 27," the coal ministry said in a statement. The proposed projects would reduce forex outgo and create around 23,000 jobs, it said. The government had earlier said that the target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore. This 100 MT coal gasification will

National energy major IOCL enhances customer payment experience with Fiserv

Indian Oil Corporation Limited Enhances Customer Payment Experience with Fiserv

LIVE news updates: Nitish Kumar takes oath as Bihar CM for the 8th time

Live news updates: According to broader contours of the power sharing formula, the RJD will have the largest number of ministers

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

Air Products to supply hydrogen, nitrogen units for IOCL's Barauni refinery

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

Stocks to watch: ITC, LIC, BPCL, Bharti Airtel, IOC, DLF, IGL, Zydus Life

Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.

Two IOCL officials arrested for graft remanded to CBI custody

A hunt has been launched for absconding accused N P Rodge, the general manager (retail sales)

IOC, BPCL, HPCL lost $2.25 bn in revenue due to fuel price freeze: Moody's

Petrol and diesel prices remained unchanged between Nov 4 and March 21 despite prices of crude oil averaging around $111 per barrel in the first 3 weeks of March compared to around $82 in early Nov

IOC buys Russian crude at steep discount

Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said.

India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts

RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems

West Bengal: 3 killed, 44 injured in IOC's Haldia refinery fire

IOC said in a statement that the incident occurred at a unit of the refinery during shutdown-related works

Automation Anywhere, IndianOil sign 5-year deal to automate key processes

During phase-1 of the plan, IOCL has automated select key processes across Finance, HR, inventory using Automation 360, Automation Anywhere's AI-powered RPA platform

Indian Oil reports 174% spike in Q1 consolidated net at Rs 6,109.69 cr

Expects diesel demand to reach pre-Covid levels by Diwali

Tata Motors wins order for 15 hydrogen-based fuel cell buses from IOCL

The deal would entail supplying buses to the R&D Centre of IOCL at Faridabad apart from Tata Motors collaborating with the country's largest fuel retailer to undertake R&D projects

SBI, IOCL ink India's first Libor alternative rate deal

SBI and IOCL reach an important milestone in Libor transition with a $100 mn deal for 5 years

IOC Board to consider raising up to Rs 20,000 cr via bonds, debentures

The borrowing would be carried out in one or more tranches, the company said in a regulatory filing on Thursday

ONGC, Indian Oil Corp raise Rs 3,140 cr in debt to meet business expenses

In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs)

IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project

IOCL net profit fell 47% annually to Rs 1,910.8 crore in the quarter ended June 30, mainly due to inventory losses stemming from fluctuations in global oil prices

Chennai Petroleum to invest Rs 1,850 cr in BS VI auto fuel quality upgrade

CPCL has undertaken a project to use natural gas as an internal fuel, replacing the existing liquid material such as fuel oil and naphtha, at an estimated cost of Rs 421 cr