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.

IOC to invest Rs 1,500 cr to ramp up storage in Northeast

Last Updated: Sunday, June 7, 2015, 16:17

Common people of the region, especially in hill states, suffer a lot whenever there is any natural calamity or political or social disturbances, he added.

IOC to import Iraqi oil for India's maiden strategic reserve

Last Updated: Wednesday, June 3, 2015, 17:12

The first of the storages at Visakhapatnam (Vizag) is ready and IOC and Hindustan Petroleum Corp Ltd (HPCL) have been tasked to import Basra Light crude oil of Iraq to fill it, official sources said.

Plunging profits, lofty losses shadow India Inc Q4 report-card

Last Updated: Friday, May 29, 2015, 18:47

Defying the growth momentum in overall economy, corporate giants including M&M and Sun Pharma as well as state-run behemoths like NTPC, SAIL and IOC today announced lower quarterly profits, while many others have fared even worse due to rising costs and weak consumer demand.

Indian Oil Corp to infuse Rs 1,000 crore in CPCL

Last Updated: Monday, May 25, 2015, 16:14

The Board of CPCL on Saturday decided to increase the authorised share capital of the company from Rs 400 crore (40 crore shares of Rs 10 each) to Rs 1,400 crore, the company said in a stock exchange filing.

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Last Updated: Friday, May 22, 2015, 11:44

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

Indian Oil returns to seek jet fuel, kerosene

Last Updated: Wednesday, May 20, 2015, 14:08

Indian Oil Corp (IOC) is seeking a total of 15,500 tonnes of jet fuel and superior kerosene for June 15-17 arrival at Chennai and Vasco in Goa, likely the third time this year the state-owned refiner is looking to import middle distillates.

GAIL, IOC sign pact to join Adani Group's Dhamra LNG project

Last Updated: Wednesday, May 13, 2015, 18:47

State-run gas utility GAIL India Ltd and refiner Indian Oil Corp (IOC) Wednesday signed an initial pact to join Adani Group-promoted Rs 5,000-crore Dhamra LNG project in Odisha.

NTPC, IOC end on mixed note after Cabinet nod for stake sale

Last Updated: Wednesday, May 13, 2015, 18:25

NTPC's scrip ended 2.47% lower at Rs 138, IOC erased all its initial losses and settled 0.50% higher at Rs 334.45 on the BSE.

NTPC, IOC trend down as government approves stake sale

Last Updated: Wednesday, May 13, 2015, 13:20

The Cabinet has approved 5% disinvestment in NTPC and 10% in IOC.

Cabinet approves stake sale in IOC, NTPC; may fetch Rs 13,600 crore

Last Updated: Wednesday, May 13, 2015, 12:18

The government will sell its 10 percent stake in blue-chip Indian Oil Corporation (IOC) and 5 percent in power producer NTPC to mop up about Rs 13,600 crore in this fiscal's first disinvestment approval.

Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil

Last Updated: Wednesday, May 13, 2015, 11:19

The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.