State-owned Indian Oil Corp (IOC) Thursday said it will invest Rs 54.63 billion in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.
The Petroleum and Natural Gas Regulatory Board (PNGRB) on Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani’s group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winners.
Indian Oil Corporation (IOC) has bagged the tender for city gas distribution (CGD) projects in Coimbatore and Salem.
Indian Oil Corporation (IOC), the country’s largest fuel retailer, today reported a 50 per cent jump in consolidated net profit at Rs 7,092 crore for the first quarter ended June 2018 on the back of improved refining margins.
Indian Oil Corporation (IOC), the country’s largest fuel retailer will inaugurate India’s first pilot plant to convert carbon dioxide to High Value Lipids today at the firm’s Research and Development (R&D) facility in Faridabad.
State-run Indian Oil Corporation (IOC) has chosen US petroleum technology major Honeywell UOPs Pressure Swing Adsorption (PSA) technology to supply high-quality hydrogen at its refineries, Honeywell announced on Wednesday.
Bharat Petroleum (BPCL) has emerged the top individual bidder in the 9th round of bidding for city gas distribution (CGD) licences with bids for 53 geographical areas (GAs), followed by Indian Oil (37), GAIL Gas (34), Adani Gas (32) and Torrent Gas (31).
The country’s oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation, state-run gas marketer GAIL India
PTI reported that the Competition Commission has dismissed a complaint alleging unfair business practices against oil marketing companies – IOCL, BPCL and HPCL – with regard to terms and conditions in the tenders for transportation of liquified petroleum gas through tank trucks.
The government will launch the fourth tranche of the CPSE Exchange Traded Fund (ETF) and has started looking for merchant bankers to advise on the sale process.