Ioc

Friday, Apr 19, 2024 | Last Update : 02:37 PM IST

Oil marketing companies shares drop 13%. (PTI Photo)

Oil marketing companies shares drop 13%, after hike in excise duty on petrol, diesel

Hindustan Petroleum Corporation Ltd shares tanked 13 percent, Bharat Petroleum plunged 9.99 percent and Indian Oil dropped 7.49 percent

07 May 2020 9:24 AM

Indian Oil Corp’s Gujarat oil refinery will be ready to produce 700,000 tonnes per year of low-sulphur marine fuel starting in October, the company’s Director for Refineries SM Vaidya said on Tuesday.

India's fuel demand to rise by average 4.7 pc through 2025: Nayara Energy

India’s gasoil demand will rise by an average 5.3 pc per year through the 2025 fiscal year, said Nayara Energy's B Anand.

10 Sep 2019 12:58 PM

Over the years, IOAGPL participated in various bid rounds for city gas licence conducted by Petroleum and Natural Gas Regulatory Board (PNGRB).

IOC, Adani to invest Rs 9,600 crore in city gas projects

Shareholders will vote on the proposal at IOC's annual general meeting (AGM) in Mumbai on August 28.

29 Jul 2019 4:32 PM

In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as "public shareholder" and not as its promoter.

HPCL refuses to recognise ONGC as its promoter

Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.

23 Jul 2019 12:33 PM

The retail investors put in bids worth over Rs 5,000 crore Friday, taking the total bid value to about Rs 25,000 crore, sources said. (Photo: Representational)

CPSE ETF fund oversubscribed, investors put in bids worth Rs 25,000 cr so far

Government is looking to raise up to Rs 10,000 crore through the follow-on fund offer of CPSE Exchange Traded Fund.

19 Jul 2019 8:02 PM

Maharashtra identifies site for Saudi Aramco, ADNOC's refinery

The refinery was initially proposed to be built at Nanar, a village in Ratnagiri district, some 400 kms (250 miles) south of Mumbai.

20 Jun 2019 10:02 AM

BPCL and HPCL will take 25 per cent stake each in the Rs 9,000-cr project that involves laying of a pipeline from Kandla in Gujarat to Gorakhpur in Uttar Pradesh, the companies said in separate but almost identical regulatory filings.

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000-cr LPG pipeline project

IOC, which had in 2016 proposed laying of the pipeline, will hold the remaining 50 per cent stake.

04 Jun 2019 2:36 PM

ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.

ONGC topples IOC to regain most profitable PSU tag

Oil and Natural Gas Corp reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

02 Jun 2019 5:01 PM

Reliance Industries Limited was the most profitable company in the country with a net profit of more than double that of IOC in FY2019.

Reliance topples IOC to become the biggest Indian company

Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore.

21 May 2019 2:36 PM

Saudi Arabia approached Indian buyers last month offering them additional supplies to compensate for lost Iranian oil after US sanctions kicked in. (Photo: AFP/File)

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

IOC has signed separate annual contracts with Norway’s Equinor and Algeria’s Sonatrach to buy 4.6 million tonnes of US oil.

18 May 2019 5:40 PM

India bought close to 24 million tonnes of crude oil from Iran in the fiscal ended March 31 (2018-19).

IOC ties up oil from US, Saudi to make up for Iran shortfall

IOC and other Indian refiners stopped importing crude oil from Iran this month following the US' move to end sanction waivers.

17 May 2019 7:38 PM

“The higher shareholder returns will put more pressure on the financial profiles of the companies, which have large investment plans for the next two years,” Fitch said. (Photo: File)

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 Apr 2019 2:26 PM

All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, said officials.

Indian refiners turn to OPEC, Mexico, US to make up Iran oil gap

Refiners have not yet placed orders for Iranian oil for May, when current waiver expires, pending clarity from US.

17 Apr 2019 4:55 PM

"The expansion in gas distribution networks is likely to increase gas consumption over the medium-to-long term, although industrial demand is likely to remain highly sensitive to prices," Fitch said.

City gas distribution rights to help oil marketing firms diversify: Fitch

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two areas.

27 Mar 2019 7:08 PM

Onshore Block 1 covers an area of 6,162 square kilometres around Ruwais field and includes already discovered but undeveloped fields. (Representational Image)

IOC-BPRL wins oil block in Abu Dhabi

Indian Oil Corporation and Bharat PetroResources Ltd will invest USD 170 million in the project.

25 Mar 2019 3:13 PM

IOC had in December declared Rs 6.75 per share interim dividend alongside a Rs 4,435 crore share buyback to help the government meet its revenue targets. (Photo: AP)

Facing revenue shortfall, Govt pushes IOC, ONGC to pay 2nd interim dividend

IOC has called a board meeting on March 19 to consider paying a second interim dividend, ONGC has declined.

14 Mar 2019 9:01 AM

The 5 million tonne per annum (MTPA) liquefied natural gas (LNG) import and regasification terminal, built by IOC at a cost of Rs 5,150 crore, was commissioned earlier this week.

Ennore LNG terminal to help IOC fast-track city gas project

Ennore LNG terminal is part of India's plan to raise share of natural gas in country's energy basket to 15 pc by 2030 from current 6.2 pc.

08 Mar 2019 2:41 PM

IWAI, IOC sign MoU on fuel needs for waterways

A total of 106 new national waterways have been declared in addition to existing five national waterways.

27 Feb 2019 3:19 PM

IOC plans to import LPG at Kandla in Gujarat and move it through the 1,987-kilometre pipeline to Gorakhpur via Ahmedabad (in Gujarat), Ujjain, Bhopal (in Madhya Pradesh), Kanpur, Allahabad, Varanasi and Lucknow (in Uttar Pradesh). (Photo: ANI )

PM to lay foundation stone of India's longest LPG pipeline on Sunday

IOC is laying an LPG pipeline from Gujarat coast to Gorakhpur, in UP to cater to growing demand for cooking gas in the country.

22 Feb 2019 5:39 PM

The two Pakistani shooters' participation in the tournament had become doubtful after the terrorist attack had been reported. (Photo: Intel Corporation)

Olympic body penalises India for denying visas to Pak shooters

Olympic body won't allow India to organize any Olympic-related events in the future unless written assurances are given by govt.

22 Feb 2019 10:12 AM

1 of 3

Columns

Mohan Guruswamy

ioc