IOC's Q1 profit doubles on higher refining margin

Last Updated: Thursday, August 13, 2015, 17:48

Net profit of Rs 6,435.70 crore, or Rs 26.51 per share, in the April-June quarter, compared with Rs 2,522.94 crore, or Rs 10.39 a share, net profit in the same period of last fiscal, the company said in a regulatory filing.

Construction work for Ennore LNG terminal begins: IOC

Last Updated: Monday, August 10, 2015, 19:49

The company had inked a memorandum of understanding with the Tamil Nadu government for the project.

Crude oil rates likely to remain in current range: IOC chief

Last Updated: Monday, August 10, 2015, 19:24

"Looking at the current trend and global developments, we certainly believe that the crude prices are likely to remain in the current range," he told reporters here.

IOC to invest Rs 1,000 cr to raise stake in CPCL

Last Updated: Monday, July 20, 2015, 22:06

State-owned Indian Oil Corp will invest Rs 1,000 crore for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue.

FinMin mulling transferring stake in divestment-bound oil PSUs

Last Updated: Monday, July 20, 2015, 21:31

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

IOC bags 'leading oil & gas corporate' award

Last Updated: Wednesday, July 15, 2015, 17:14

It also bagged the Oil & Gas Marketing Company of the Year and the Human Resources Management Company of the Year awards which were presented by Petroleum Minister Dharmendra Pradhan here today.

IOC commissions oil jetty at Paradip refinery

Last Updated: Friday, July 10, 2015, 17:29

The South Oil Jetty, which will be used to import and export of oil at high sea, was dedicated to the nation by Shipping and Road Transport Minister Nitin Gadkari at Paradip, a company press release said here.

Oil service firms jostle for India orders amid global spending cuts

Last Updated: Thursday, July 9, 2015, 10:18

State-run Oil and Natural Gas Corp (ONGC) plans to boost its capital spending by more than a fifth to 362.49 billion rupees ($5.7 billion), in stark contrast to analysts` forecasts for energy firms globally to cut spending by a fifth in 2015.

IOC-Adani combine bid for CNG licence in 5 cities

Last Updated: Tuesday, July 7, 2015, 16:15

Indian Oil Corp-Adani Gas combine has bid for a licence to retail CNG in five cities including Haridwar in the 5th round of city gas bidding that saw no bids for as many as eight cities.

Haryana approves IOC project at Faridabad

Last Updated: Wednesday, June 24, 2015, 18:40

The Haryana government has approved the proposal of Indian Oil Corporation Limited (IOCL) for setting up research and development project at Faridabad.

India to start filling strategic oil reserve this month: Govt

Last Updated: Monday, June 8, 2015, 23:00

India will start keeping a strategic oil reserve from this month, which would be located at Visakhapatnam in Andhra Pradesh, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said Monday.

IOC to invest Rs 15,000 cr to raise Panipat refinery capacity

Last Updated: Monday, June 8, 2015, 13:14

Indian Oil Corp, nation's largest oil firm, plans to invest about Rs 15,000 crore in raising capacity at its Panipat refinery in Haryana by 34 percent to 20.2 million tonnes (MT) by 2020.