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.

Indian Oil net profit down 33% at Rs 6,285.35 cr in Q4

Last Updated: Friday, May 29, 2015, 14:42

Indian Oil Corp, the nation's largest fuel retailer, reported 33 percent dip in net profit for the March quarter mainly on account of a lump sum subsidy it had received in the comparable quarter of the previous fiscal.

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.

Petrol price hiked by Rs 3.13 per litre, diesel by Rs 2.71

Last Updated: Friday, May 15, 2015, 19:52

The hike, which comes on the back of Rs 3.96 per litre increase in petrol and Rs 2.37 a litre raise in diesel from May 1, will be effective from midnight tonight.

Petrol price hiked by Rs 3.13, diesel by Rs 2.71 per litre

Last Updated: Friday, May 15, 2015, 18:34

Prices of petrol in Delhi will be Rs 66.29 a litre as against the current Rs 63.16; while diesel will cost Rs 52.28 per litre as against Rs 49.57.

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.

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.

IOC to hold 45% in Ennore LNG terminal

Last Updated: Tuesday, May 12, 2015, 16:16

State-owned Indian Oil Corp (IOC) will hold 45 per cent stake in the planned Rs 5,150 crore LNG import terminal at Ennore in Tamil Nadu and offered 50 per cent interest to financial institutions like ICICI and IDFC.

SBI, IOC, 9 other Indian firms in Forbes Global 2000 list

Last Updated: Wednesday, May 6, 2015, 22:42

Eleven Indian companies figure in Forbes magazine`s annual list of the world`s biggest companies, with China landing five of the top 10 spots for the second year in a row.

IOC's Paradip refinery's up and running

Last Updated: Monday, April 27, 2015, 18:19

Commissioning its Rs 34,555-crore Paradip oil refinery in Odisha, state-owned Indian Oil Corporation (IOC) Monday said it will start full-fledged production by the end of the year.