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.

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.

IOC starts up 300,000 bpd Paradip refinery: Sources

Last Updated: Sunday, April 26, 2015, 22:15

Output from the $5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.

Fitch affirms IOC's BBB- rating with stable outlook

Last Updated: Monday, April 13, 2015, 20:13

International ratings agency Fitch on Monday affirmed its 'BBB-' rating on country's largest oil marketer Indian Oil Corporation and also retained the 'stable' outlook on company's long-term foreign currency rating and unsecured debt.

IOC refineries to process 55 mn ton crude in FY16

Last Updated: Wednesday, April 1, 2015, 22:07

Indian Oil Corp, the nation's largest oil refiner, plans to process 55 million tons of crude oil into fuel in the 2015-16 fiscal, IOC Director (Refineries) Sanjiv Singh said today.

IOC, ONGC, OIL likely to face US sanctions for Iran ties

Last Updated: Sunday, March 8, 2015, 11:13

State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.

IOC director-designate suspended over info leak

Last Updated: Monday, March 2, 2015, 18:36

State-owned Indian Oil Corp's (IOC) director (R&D)-designate Debangshu Ray has been suspended for allegedly leaking confidential information to a private company.

IOC net loss in Dec quarter widens to Rs 2,636.80 cr

Last Updated: Friday, February 13, 2015, 18:04

The company had reported a net loss of Rs 961.45 crore in October-December 2013.

FinMin postpones merchant banker selection for IOC stake sale

Last Updated: Thursday, February 5, 2015, 19:38

The selection of merchant banker to manage the sale of government's 10 percent stake in bluechip Indian Oil Corp (IOC) has been postponed, the Finance ministry said on Thursday.

Indian Oil Corp to invest Rs 5,300 cr in LPG import facility

Last Updated: Monday, February 2, 2015, 18:45

Indian Oil Corporation (IOC), the nation's largest oil firm, Monday said it will invest Rs 5,300 crore in setting up an LPG import facility at Paradip in Odisha and laying pipelines.

Cabinet likely to consider sale of stake in Indian Oil today

Last Updated: Wednesday, January 21, 2015, 09:23

CCEA will discuss the possible sale of a 10 percent stake in Indian Oil Corp as the government finds ways to meet its fiscal deficit target.

IOC rapped by consumber forum for using unfit LPG cylinders

Last Updated: Monday, January 19, 2015, 17:27

Apex consumer panel NCDRC has castigated Indian Oil Corporation (IOC) for using LPG cylinders beyond expiry date and asked the state-run oil firm to pay a compensation of Rs 2.25 lakh to a victim of cylinder blast.