Indian Oil to invest $944 million on gas sales network in nine new areas
The new licences awarded to IOC relate to major districts of some states.
Jan 16, 2022, 23:06 PM IST
Indian Oil Corp plans $28 billion investment by 2023-24: Chairman
IOC through its 11 refineries controls about a third of India`s 5 million-barrel-per-day (bpd) refining capacity.
Aug 29, 2019, 12:56 PM IST
Adding over 78,000 petrol pumps is uneconomical, says Crisil
The three public sector oil marketing firms - Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) - in November last year advertised to open 78,493 more petrol pumps in the country. This on top of 64,624 fuel retail outlets currently operating in the country.
Jun 20, 2019, 16:53 PM IST
IOC net rises 17% on higher refinery margins
The net profit of Rs 6,099.27 crore, or Rs 6.46 per share, in January-March 2019 was 16.88 percent higher than Rs 5,218.10 crore, or Rs 5.51 per share, reported in the year-ago period, IOC Chairman Sanjiv Singh told reporters here.
May 18, 2019, 18:13 PM IST
IOC ties up oil from US, Saudi to make up for Iran shortfall
Iran supplied more than a tenth of India's oil needs before the reimposition of US sanctions against the Persian Gulf nation stopped supplies this month.
May 18, 2019, 18:08 PM IST
IOC signs $1.5 bn deal to buy US crude oil
This is the first time any Indian refiner has signed an annual contract since the country in 2017 began importing crude oil from the US.
Feb 18, 2019, 18:19 PM IST
Oil cos not to recoup losses arising from Re 1/ltr subsidy on petrol, diesel
IOC along with Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.
Jan 03, 2019, 10:59 AM IST
IOC to buy back 3% equity shares for Rs 4,435 crore
The company board also recommended an interim dividend of 67.5 percent (Rs 6.75 per share) for the 2018-19 fiscal.
Dec 13, 2018, 16:34 PM IST
India to pay in rupees for Iranian oil
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran, the official added.
Sep 20, 2018, 18:12 PM IST
SBI to stop handling Iran oil payments: IOC
Iran offers Indian refiners a 60-day credit period on oil sales, which means payment for cargoes loaded from end-August will be due in November.
Jun 15, 2018, 13:03 PM IST
IOC, BPCL may buy 26% stake each in GAIL
At Friday's closing price of Rs 440.85 a share for GAIL on BSE, the stake is worth close to Rs 41,000 crore.
Mar 19, 2018, 13:58 PM IST
IOC Q2 net up 18% at Rs 3,696 crore
Revenues soared to Rs 1.1 lakh crore from Rs 1 lakh crore last year.
Oct 27, 2017, 15:41 PM IST
Indian Oil buys new US crude grades for December delivery
The refiner has bought about 5.5 million barrels of US crude so far this year.
Oct 10, 2017, 08:40 AM IST
Indian Oil willing to buy GAIL or Oil India- Exec
Indian Oil also plans to open offices in Bangladesh and Myanmar in the next 4-6 months.
Oct 09, 2017, 13:59 PM IST
IOC board clears Rs 27,000 crore refinery of its unit CPCL
The final approval of the project would be obtained after preparation of Detailed Feasibility Report of the project.
Sep 25, 2017, 16:56 PM IST
IOC to make first ever crude oil purchase from US this year
The official said IOC had last month sealed a deal to import 1.6 million barrels of crude from the US for delivery in the first week of October at its Paradip refinery in Odisha -- the first ever such purchase of US crude by an Indian state-run refiner.
Aug 10, 2017, 14:35 PM IST
India buys first ever US crude oil, to step up purchases
The purchase comes after Indian Prime Minister Narendra Modi`s visit to the US in June when President Donald Trump said his country looked forward to exporting more energy products to India.
Jul 10, 2017, 12:32 PM IST
Indian Oil Q4 net soars 85% at Rs 3,721 crore on higher income
State-run Indian Oil Corp (IOC) on Thursday posted an impressive 85 percent jump in net profit for the fourth quarter ended March at Rs 3,721 crore owing to better revenue from operations, even as refining margins grew.
May 25, 2017, 17:43 PM IST
India cuts oil import plans from Iran by a quarter over gas field row
India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.
May 03, 2017, 13:56 PM IST
Petrol, diesel prices to be revised daily from May 01
Petrol and diesel prices will be revised on a daily basis from Monday in select towns in sync with international rates, much like it happens in most advanced markets.
Apr 30, 2017, 21:57 PM IST
