The operation of Coal India’s Rs 7,700-crore fertiliser plant at Talcher in Odisha has hit a roadblock: Neither the company nor its partners have the technology needed to run it.
Mumbai-based Tata Motors is in talks with Indian Oil Corporation Ltd (IOC) and Petronet LNG Ltd (PLL) for developing related infrastructure for its LNG buses along the high-density Delhi-Mumbai and Kolkata-Bengaluru corridors.
The Odisha government and the Indian Oil Corporation Limited (IOCL) will soon file a joint petition in the Orissa High Court to inform it about the settlement of the dispute between the two over the Paradip refinery.
The oil & gas sector remained a bright spot in an otherwise subdued quarter for the overall market, reporting 3% y-o-y PAT growth (ex-OMCs) versus 4% decline for NIFTY.
India’s state oil refiners – long focused on churning out transport and cooking fuels – are planning a $35 billion push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives.
The Indian Oil Corporation Ltd (IOCL) is planning to expand its Ennore LPG bottling plant by adding another carousel (bottling line), thus increasing the output to 20,500 tonnes per month from its present 15,000 tonnes per month. The facility will be established at a cost of ₹35.4 crore and will be completed in two years.
Diesel price per litre is marginally down by 1 paise on Thursday July 27 in the national capital. Prices made available on the IOCL website, the oil marketing company, showed price fixed at Rs 54.94 per litre.
State-run Indian Oil Corporation Ltd (IOCL) and LanzaTech, carbon recycling company, have signed a deal to build the world’s first refinery off gas-to-bioethanol production facility in India at an investment of Rs 350 crore.
India’s emergence as a global refining hub received a big boost with the three downstream PSU oil majors, Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (BPCL),
Continuing its capital expenditure plan, Indian Oil Corporation (IOCL) said it will invest around Rs 20,000 crore in 2017-18. The company is also looking for acquisitions and plans to expand overseas.