Chief Minister V Narayanasamy on Wednesday said the Centre has acceded to the Puducherry government’s plea to supply cooking gas to every household through pipelines in Yanam region, an enclave of Puducherry in Andhra Pradesh.
The new prices will be effective from Monday. Actual price increases would vary from state to state
depending on local levies
IOC’s Mathura refinery has despatched BS VI high-speed diesel (HSD) to two auto companies to test viability and compatibility as part of its efforts to provide cleaner fuel for an eco-friendly environment.
“I see a lot of scope of a ‘Houston’ or `Aberdeen’ being created in India itself on the back of growth in its energy sector in coming years” : IOC Chairman and Managing Director, B Ashok
"A large part of our Rs 1,80,000 crore investment has already factored this brownfield expansion investment plans. But going further forward, there is also scope for green field refineries to be set up in India as well. We are playing the lead role in setting up a very large refinery in the west coast of India and likely in Maharashtra. We are looking at a 60 million tonnes per annum or the largest refinery in the world."
“At Indian Oil, we have committed investments worth Rs 1,80,000 crores in the next 5-6 years. This in itself is going to drive a lot of growth in the whole economy. This will also create opportunities for many other companies who will be involved in building this infrastructure thereby offering direct and indirect investment and job opportunities within and to companies across the globe. From that perspective, a number of public and private sector industries are going to be involved in the growth story of Indian Oil. Here the Make in India concept has got a lot of linkage.”
Net profit of Rs 8,268.98 crore, or Rs 34.90 a share, in April-June was 25.46 per cent higher than Rs 6,590.83 crore, or Rs 27.81 per share, net profit in the same period a year ago, the company said in a regulatory filing
Indian oil firms led by ONGC Videsh Ltd are mulling buying a part of the $11 billion stake that Russia is selling in its biggest oil firm Rosneft
Ahead of Prime Minister Narendra Modi’s maiden visit to Iran, Indian refiners have made first euro payments in four years to clear a part of the USD 6.4-billion in past oil dues. Mangalore Refinery and Petrochemicals Ltd (MRPL) has paid USD 500 million and Indian Oil Corp (IOC) USD 250 million over the past two […]
Refining giant Indian Oil Corp (IOC) is preparing for a future when batteries will increasingly replace car fuel tanks but for the moment is investing Rs 45,000 crore to expand its refining capacity to meet the rapidly rising fuel consumption in the country. Read More…
Plans to build one of the world’s largest oil refinery in Maharashtra
India is all set to emerge as a major refining hub in the entire South East Asian region. In one of the biggest investments of over Rs 1.5 lakh crore (close to $22 billion), plans are afoot to build one of the world’s largest refinery— a 60 million tonnes per annum (or 1.2 million barrels […]
India’s second big ticket dis-investment in the current fiscal was of state-owned NTPC Ltd—India’s largest thermal power generation company after Indian Oil Corporation (IOC) that happened in August 2015