Govt stake sale not to impact IOC's ratings: Moody's

Last Updated: Wednesday, August 26, 2015, 15:38

The government's 10 percent stake sale in Indian Oil Corp (IOC) will not have any impact on the company's ratings, Moody's Investors Service and Fitch Ratings said on Wednesday.

Govt sets IOC share sale floor at Rs 387; to raise Rs 9,302 crore

Last Updated: Saturday, August 22, 2015, 14:53

Government on Saturday fixed the floor price for selling its 10 percent stake in Indian Oil Corp (IOC) at Rs 387 a share -- about 2 percent below last closing -- which is likely to fetch Rs 9,302 crore to the exchequer.

Petrol price cut by Rs 1.27/litre, diesel by Rs 1.17

Last Updated: Friday, August 14, 2015, 22:43

Petrol price was cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, with effect from midnight tonight.

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 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.

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.

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.

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.