Domestic petrol and diesel prices were hiked across metros on Wednesday, marking a seventh increase in the rates in nine days. The increase in petrol rates in Delhi and Mumbai each was to the tune of 25 paise per litre, according to data from Indian Oil Corporation Limited (IOCL).
Snapping ATF supplies to Air India: Indian Oil Corporation says doesn’t have cash-surplus, says chairman
Indian Oil chairman on Wednesday defended cutting jet fuel supplies to the flag carrier Air India at six airports over non-payment saying that the national oil refiner is not a cash-surplus company.
Punjab Cooperation Minister Sukhjinder Singh Randhawa on Wednesday said that the collaboration of the Indian Oil Corporation (IOC) and the Cooperation department of the state government augurs well for the cooperation sector as the latter possesses immense potential waiting to be richly harnessed to ensure the economic turnaround of Punjab.
Indian Oil Corporation Limited (IOCL) will invest Rs 1,00,300 crore in expanding its Paradip refinery capacity from 15 million tonnes per annum (mtpa) to 25 mtpa and setting up a naphtha cracker unit.
State-owned Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) have got two new directors on their respective boards to replace ones superannuating. ONGC in a statement said Rajesh Kumar Srivastava has taken over as the new director (exploration
State-owned oil marketing company Indian Oil Corporation (IOC) is expected to report more than 50 percent fall in June quarter profit, both on sequential as well as on year-on-year basis.
The government’s latest plan to reduce stake in select state-run companies including oil and gas firms could be credit negative for Indian Oil Corporation (IOC), Bharat Petroleum (BPCL) and Oil India, Moody’s Investors Service said in a report.
State-owned refinery Indian Oil Corporation (IOC) and gas utility GAIL India’s initial agreement, to buy a 50 per cent stake in Adani Group’s Rs 5,000 crore Dhamra LNG project in Odisha, has expired, said Dharmendra Pradhan, oil minister.
The Indian Oil Corporation (IOC), which has halted the construction of liquefied petroleum gas (LPG) import terminal at Puthuvype off Kochi following protests, has conducted a risk analysis study and prepared a Disaster Management Plan (DMP).
Indian Oil plans to set up a diesel exhaust fluid plant in Bengal at an investment of around Rs 150 crore to support the introduction of Bharat Stage-VI compliant fuel from April 1, 2020. The investment is part of the company’s expansion plans in the state across businesses.