Talking about doing business with India, Jay Khosla, Deputy Minister-Energy Sector of Canada, said that discussions have been taking place over the years with leading Indian players for investment in the country.
Energy major Indian Oil Corporation, is planning to invest as much as Rs 16,641 crore in Tamil Nadu. The PSU company signed a memorandum of understanding to this effect on Wednesday, with the state government at the Global Investors Meet in Chennai.
Sanjiv Singh, chairman, Indian Oil Corporation (IOC), during a candid chat with Anurag Shah of Zee Business, talks about the outlook on crude prices, marketing margins of IOC amid volatility, inventory losses and capital expenditure, among others. Edited Excerpts:
India’s biggest oil refiner, Indian Oil Corporation, is “extremely confident” that it will be able to produce transportation fuels and highly valuable Omega-3 fatty acids from carbon dioxide, the company’s Director (R&D), Dr SSV Ramakumarthe, told Business Line.
Nearly 16 months after the board of Indian Oil Corporation (IOC) had decided, in principle, to acquire up to 50 per cent in the Mundra LNG Terminal in Kutch, the PSU refiner-cum-retailer seems to be having second thoughts.
The Indian Oil Corporation has just introduced a great way to get fuel delivered to you with ever leaving the comfort of your home. The Petroleum giant will begin deliveries with immediate effect through mobile dispensers which is a first of its kind in India.
The prices of petrol and diesel remained constant on Wednesday, after several days of price cut. The price of petrol in the national capital was constant at Rs 68.65 per litre and that in Mumbai was Rs 74.30 per litre, according to the Indian Oil Corporation (IOC) data.
Indian Oil Corporation’s Jubilee Retail Outlet, India’s first 24×7 solar-powered retail outlet, greets customers with a surprise. The fuel outlet on nearly three acres is located at Pongam, near Angamaly.
Indian Oil Corporation expects to open five more compressed natural gas (CNG) outlets in Ernakulam distri ct by the end of the current fiscal.
Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indian Oil Corporation, Jet Airways and SpiceJet shares gained 1-3 percent in morning on Wednesday after sharp fall in crude oil prices amid global growth concerns.