State-owned Indian Oil Corp (IOC) and GAIL India will pay Adani Group 5 per cent more in hiring charges for using the private firm’s upcoming LNG import facility at Dhamra in Odisha than their own similar terminal, Oil Minister Dharmendra Pradhan said on Monday.
Public sector oil marketer Indian Oil Corporation (IOC) has joined ranks with the National Thermal Power Corporation (NTPC) and the Solar Energy Corporation of India (SECI) in turning down the Andhra Pradesh’s request for a tariff revision in wind power supplied to the state.
Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU
India will likely give up direct control of its most-profitable state-run behemoths as Prime Minister Narendra Modi seeks to keep the budget deficit in check, while reviving investments to spur economic growth.
The proposal in the Budget to increase the Customs duty on polyvinyl chloride (PVC) while reducing those on naphtha and ethylene di-chloride (EDC) is expected to benefit Reliance Industries (RIL), Indian Oil Corporation (IOC) and others in similar business segments.
India’s top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in its first tender to hire an oil tanker with scrubbers that remove sulphur emissions, sources with knowledge of the matter said.
The country’s largest oil marketing company (OMC) Indian Oil Corporation (IOC) resumed fuel supply to Jet Airways within hours of effecting a cut on it
Oil & marketing companies (OMCs) were in focus on March 29 after HSBC maintained a buy rating but raised respective target prices on each one of them.
As much as Rs 1.2 lakh crore of investment has been committed by firms like IOC, Adani Gas and Torrent in a massive rollout of CNG stations and cooking gas connections to households over the next 8-10 years, oil regulator PNGRB
Two state-run retailers and a private consortium won the maximum bids as India completed auctions to allot 50 regions for distribution of natural gas as the world’s third biggest oil consumer looks to cut consumption of dirtier fuels.