Maharatna Oil PSU Indian Oil will invest over Rs 1,300 crore in West Bengal in the next two years. The investments will be in various disciplines that include BS VI compliance of IOC’s Haldia refinery, unveiling diesel emission additives, new retail outlets, solar power modules, ethanol tankers and LPG bottling plant.
Indian Oil Corp has issued a tender for short-term commercial lease of its liquefied natural gas (LNG) storage tank at Ennore terminal near Chennai in south India, according to a notice posted on the company website.
Indian oil corp, bharat petroleum corp and co signed agreement for formation of joint venture company. JV co formation to implement, operate 2757 km long lpg pipeline from kandla to gorakhpur
In a bid to reduce tax leakages, the directorate general of goods and services tax (GST) Intelligence (DG GI) has booked cases against oil marketing majors—Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL).
Indian oil marketing companies rose between 2.8 per cent and 3.8 per cent after oil prices declined overnight. The oil prices were on track for their biggest monthly fall since November after US President Donald Trump said he would impose tariffs on imports from Mexic
Ride-hailing giant Uber on Thursday announced it is partnering with state-run Indian Oil Corp Ltd (IOCL) to offer discounts to drivers on petrol, diesel and CNG at IOCL petrol pumps across India. Over 12,000 Uber driver partners have already registered for this programme.
In a first of its kind, oil major Indian Oil Corp Ltd on Wednesday signed a MoU with Punjab to set up 15 petrol pumps to provide fuel to farmers on credit that will be repaid after the harvesting of crops.
IOCL’s Q4FY19 net rose 8.5x q-o-q to Rs 61 bn but came 18% below JEFe on lower inv. gains. Core Ebitda, down 41% q-o-q, was in line but core earnings have now been flat for three years at `15/sh with little respite likely in FY20e
The Indian benchmark indices have extended the morning gains with Nifty jumping 134 points, trading at 11,791 while the Sensex added 442 points and is trading at 39,253 mark.
Shares of state-owned oil marketing companies (OMCs) were under pressure in the late morning deals on Tuesday with Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) falling up to 6 per cent on the BSE, on profit booking.