The government is planning to carry out at least one merger between state-run oil companies by the end of September this year
Chennai Petroleum Corp shares surged and held gains on the news reports of a possible merger with the parent, oil giant Indian Oil Corporation.
State-owned Indian Oil Corp would like to merge its subsidiary Chennai Petroleum Corp with itself as part of a government plan to integrate state oil firms to create a national oil behemoth, its chairman said on Thursday.
“We propose to create an integrated public sector ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies.” With this Budget 2017 speech Finance Minister set the ball rolling on merger of public sector oil companies. Analysts have welcomed the move but say that such […]
The proposed merger of India’s state-owned oil companies would face significant execution challenges related to managing integration of employees
Indian Oil Corp. Ltd (IOCL) has commenced the ‘bioremediation’ process to treat the sludge collected from the various beaches in Chennai following the oil spill caused by the collision of two cargo ships outside the Kamarajar Port last week, an official said on Sa
Backed by higher refinery margins and inventory gains, state-owned Indian Oil Corporation (IOC)on Tuesday announced a 29% increase in its third quarter net profit at Rs 3994.91 crore for the quarter ended December 31, 2016.
While 35 tonne petroleum and diesel were sent through an Indian Airforce C-17 Globemaster plane, 70 tonne more petroleum products will be sent soon
The petroleum ministry through Indian Oil Corporation (IndianOil) has dispatched 35 tonne of petroleum products to the poll bound state of Manipur
The state-owned Indian Oil Corp (IOCL) has launched cashless transactions in India’s northeast for LPG distribution, an official said on Friday.
Overseas fund raising season kicked-off for the year with state-owned Bharat PetroleumBSE 0.36 % Corp mopping up funds at a cheaper rate and NTPCBSE 1.23 % planning similar bond sale within weeks.