Ioc

Sunday, May 19, 2024 | Last Update : 08:43 PM IST

Oil marketing companies shares drop 13%. (PTI Photo)

Oil marketing companies shares drop 13%, after hike in excise duty on petrol, diesel

Hindustan Petroleum Corporation Ltd shares tanked 13 percent, Bharat Petroleum plunged 9.99 percent and Indian Oil dropped 7.49 percent

07 May 2020 9:24 AM

Indian Oil Corp’s Gujarat oil refinery will be ready to produce 700,000 tonnes per year of low-sulphur marine fuel starting in October, the company’s Director for Refineries SM Vaidya said on Tuesday.

India's fuel demand to rise by average 4.7 pc through 2025: Nayara Energy

India’s gasoil demand will rise by an average 5.3 pc per year through the 2025 fiscal year, said Nayara Energy's B Anand.

10 Sep 2019 12:58 PM

Over the years, IOAGPL participated in various bid rounds for city gas licence conducted by Petroleum and Natural Gas Regulatory Board (PNGRB).

IOC, Adani to invest Rs 9,600 crore in city gas projects

Shareholders will vote on the proposal at IOC's annual general meeting (AGM) in Mumbai on August 28.

29 Jul 2019 4:32 PM

In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as "public shareholder" and not as its promoter.

HPCL refuses to recognise ONGC as its promoter

Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.

23 Jul 2019 12:33 PM

The retail investors put in bids worth over Rs 5,000 crore Friday, taking the total bid value to about Rs 25,000 crore, sources said. (Photo: Representational)

CPSE ETF fund oversubscribed, investors put in bids worth Rs 25,000 cr so far

Government is looking to raise up to Rs 10,000 crore through the follow-on fund offer of CPSE Exchange Traded Fund.

19 Jul 2019 8:02 PM

Maharashtra identifies site for Saudi Aramco, ADNOC's refinery

The refinery was initially proposed to be built at Nanar, a village in Ratnagiri district, some 400 kms (250 miles) south of Mumbai.

20 Jun 2019 10:02 AM

BPCL and HPCL will take 25 per cent stake each in the Rs 9,000-cr project that involves laying of a pipeline from Kandla in Gujarat to Gorakhpur in Uttar Pradesh, the companies said in separate but almost identical regulatory filings.

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000-cr LPG pipeline project

IOC, which had in 2016 proposed laying of the pipeline, will hold the remaining 50 per cent stake.

04 Jun 2019 2:36 PM

ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.

ONGC topples IOC to regain most profitable PSU tag

Oil and Natural Gas Corp reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

02 Jun 2019 5:01 PM

Reliance Industries Limited was the most profitable company in the country with a net profit of more than double that of IOC in FY2019.

Reliance topples IOC to become the biggest Indian company

Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore.

21 May 2019 2:36 PM

Saudi Arabia approached Indian buyers last month offering them additional supplies to compensate for lost Iranian oil after US sanctions kicked in. (Photo: AFP/File)

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

IOC has signed separate annual contracts with Norway’s Equinor and Algeria’s Sonatrach to buy 4.6 million tonnes of US oil.

18 May 2019 5:40 PM

India bought close to 24 million tonnes of crude oil from Iran in the fiscal ended March 31 (2018-19).

IOC ties up oil from US, Saudi to make up for Iran shortfall

IOC and other Indian refiners stopped importing crude oil from Iran this month following the US' move to end sanction waivers.

17 May 2019 7:38 PM

“The higher shareholder returns will put more pressure on the financial profiles of the companies, which have large investment plans for the next two years,” Fitch said. (Photo: File)

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 Apr 2019 2:26 PM

All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, said officials.

Indian refiners turn to OPEC, Mexico, US to make up Iran oil gap

Refiners have not yet placed orders for Iranian oil for May, when current waiver expires, pending clarity from US.

17 Apr 2019 4:55 PM

"The expansion in gas distribution networks is likely to increase gas consumption over the medium-to-long term, although industrial demand is likely to remain highly sensitive to prices," Fitch said.

City gas distribution rights to help oil marketing firms diversify: Fitch

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two areas.

27 Mar 2019 7:08 PM

Onshore Block 1 covers an area of 6,162 square kilometres around Ruwais field and includes already discovered but undeveloped fields. (Representational Image)

IOC-BPRL wins oil block in Abu Dhabi

Indian Oil Corporation and Bharat PetroResources Ltd will invest USD 170 million in the project.

25 Mar 2019 3:13 PM

IOC had in December declared Rs 6.75 per share interim dividend alongside a Rs 4,435 crore share buyback to help the government meet its revenue targets. (Photo: AP)

Facing revenue shortfall, Govt pushes IOC, ONGC to pay 2nd interim dividend

IOC has called a board meeting on March 19 to consider paying a second interim dividend, ONGC has declined.

14 Mar 2019 9:01 AM

The 5 million tonne per annum (MTPA) liquefied natural gas (LNG) import and regasification terminal, built by IOC at a cost of Rs 5,150 crore, was commissioned earlier this week.

Ennore LNG terminal to help IOC fast-track city gas project

Ennore LNG terminal is part of India's plan to raise share of natural gas in country's energy basket to 15 pc by 2030 from current 6.2 pc.

08 Mar 2019 2:41 PM

IWAI, IOC sign MoU on fuel needs for waterways

A total of 106 new national waterways have been declared in addition to existing five national waterways.

27 Feb 2019 3:19 PM

IOC plans to import LPG at Kandla in Gujarat and move it through the 1,987-kilometre pipeline to Gorakhpur via Ahmedabad (in Gujarat), Ujjain, Bhopal (in Madhya Pradesh), Kanpur, Allahabad, Varanasi and Lucknow (in Uttar Pradesh). (Photo: ANI )

PM to lay foundation stone of India's longest LPG pipeline on Sunday

IOC is laying an LPG pipeline from Gujarat coast to Gorakhpur, in UP to cater to growing demand for cooking gas in the country.

22 Feb 2019 5:39 PM

The two Pakistani shooters' participation in the tournament had become doubtful after the terrorist attack had been reported. (Photo: Intel Corporation)

Olympic body penalises India for denying visas to Pak shooters

Olympic body won't allow India to organize any Olympic-related events in the future unless written assurances are given by govt.

22 Feb 2019 10:12 AM

After their protests, land acquisition has been stopped for the refinery at the proposed site at Nanar, a village in Ratnagiri district, some 400 km (250 miles) south of Mumbai, says Fadnavis.

Maharashtra to move planned Saudi Aramco refinery after farmers protest

Stare-run oil companies and Saudi Aramco have teamed up to build the USD 44 billion refinery

19 Feb 2019 12:15 PM

The total area available for the project is over three lakh sqm, of which greenbelt will be developed in an area of over one lakh sqm covering 33 per cent of the total project area. (Photo: File)

IOC gets "green nod" for storage and distribution terminal in Telangana

The proposal involves setting up petroleum storage and distribution terminal.

17 Feb 2019 2:20 PM

The scrip of Indian Oil Corporation Ltd gained 5.54 per cent.

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM

The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. (Photo: DC)

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 8:46 AM

ONGC got over Rs 3,000 crore in dividend income from investments in IOC and GAIL in 2017-18 financial year.

ONGC not in a hurry to offload stake in IOC, GAIL

ONGC holds 13.77 per cent stake in oil refiner IOC and 4.86 per cent in gas utility GAIL India.

02 Oct 2018 2:29 PM

Iran is open to accepting rupee payment for oil and may use the money to pay for equipments and food items it buys from India.

India to pay in rupees for Iranian oil

India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.

20 Sep 2018 6:29 PM

At present, CGD authorisation has been given by PNGRB for 92 GAs covering 124 districts spread over 23 States and UTs.

Adani, IOC, BPCL, Torrent big winners of city gas licences

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities.

17 Sep 2018 1:53 PM

The IOC is pumping in Rs 143.46 crore to set up the plant at Agartala that will have an installed bottling capacity of 60,000 metric tonne per annum (MTPA). (Photo: PTI)

IOC to invest Rs 286 cr to expand LPG bottling output in north-east India

Company currently has 10 bottling plants across north east and these are functioning at over 100 pc utilisation rate.

29 Aug 2018 2:37 PM

The project will need 15,000 acres of land, he said adding the companies are engaged with locals to address their issues.

Saudi Aramco, ADNOC can't export Ratnagiri refinery fuel without PSU's consent

India has a refining capacity of 232.066 MT, which exceeded the demand of 194.2 MN in 2016-17.

15 Aug 2018 2:41 PM

According to PNGRB, a total of 400 bids were received for the 86 permits on offer.

IOC, BPCL, Adani top bidders for city gas licences

The 9th bid round was being held on changed parameters after one paisa bids spoilt the initial auction rounds.

19 Jul 2018 2:36 PM

On Wednesday, price for petrol was Rs 76.84 per litre in Delhi, while diesel price was Rs 68.47 a litre in the national capital.

Fuel rates remain unchanged for second day in row

The petrol prices in other metro cities are - Rs 79.51 in Kolkata, Rs 84.22 in Mumbai and Rs 79.76 in Chennai.

18 Jul 2018 11:47 AM

Fitch says IOC's net debt levels to rise due to large capex

Fitch expects IOC's capex to remain high to upgrade refineries to meet new emission standards.

16 Jul 2018 3:49 PM

As per the April agreement, Aramco is to supply half of the crude oil required for processing at the refinery that will be commissioned by 2025.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM

Fuel prices may rise as Saudi Arabia won’t allow glut

Oil cos say no government directive to defer price hike.

12 Apr 2018 1:43 AM

The government has not asked state-owned oil firms so far to avoid raising the retail price of petrol and diesel in view of next month's elections in Karnataka, heads of IOC and HPCL said on Wednesday.

Oil companies say no directive from govt to defer price hike

Shares of IOC fell as much as 7.6 per cent after the news of government asking oil firms to not raise prices broke.

11 Apr 2018 7:45 PM

Shares of IOC fell by 3.71 per cent to end at Rs 177.80.

BPCL, IOC shares fall up to 4 per cent on GAIL stake buy buzz

State-owned IOC and BPCL may buy 26 pc stake each in GAIL India Ltd, paying govt over Rs 20,000 crore each.

19 Mar 2018 6:02 PM

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69. (Photo: PTI)

After Rs 76.5 per cylinder hike, oil cos skip LPG price revision

Non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1.

11 Dec 2017 9:58 AM

An IOC spokesman confirmed this is the first long-term VLCC tender the company has issued. (Photo:IOCL)

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

Shift to five-year contracts would give millions of dollars in tanker contracts to the Indian carriers.

04 Dec 2017 3:44 PM

Indian Oil or IOC is largest refiner in country. (Photo: File)

IOC defers Paradip refinery shutdown to March-April

Plan to defer turnaround at Paradip is aimed at helping co meet govt-set crude processing targets.

20 Oct 2017 5:11 PM

The company's shareholders on Wednesday allowed it to raise up to Rs 25,000 crore debt.

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sep 2017 3:30 PM

These investments will give India 15.18 million tonnes of oil equivalent. (Representational Image)

HPCL joins talks to buy stake in Russian oil fields

The investments have taken the total outlay in Russia this year to USD 5.46 billion.

26 Jun 2017 10:39 AM

Petronet may purchase stake in GSPC's Mundra LNG terminal

GSPC first offered its 50 per cent stake in the project to IOC, but the company was not willing and so it moved on to Petronet.

21 Jun 2017 2:21 PM

Indian Oil rolls out daily price change at 26K petrol pumps

Petroleum Ministry tweeted: Proud to share India is first country to switch to dynamic fuel pricing.

17 Jun 2017 12:15 PM

Prices of petrol and diesel will change everyday now.

What consumers need to know about daily price change

Prices of petrol, diesel will change every morning at 6 am and will be valid till 6 am of next morning.

16 Jun 2017 12:07 PM

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM

IOC said customers may verify fuel prices by downloading the company app or visiting its website.

Petrol, diesel prices to be revised daily from today

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

01 May 2017 11:35 AM

Nita Ambani made member of two IOC panels

Ambani has replaced International Paralympic Committee President Philip Craven, who was a member of the commission till last year.

27 Apr 2017 1:30 AM

A pilot for daily revision of petrol and diesel price will be first implemented in Puducherry, Vizag in Andhra Pradesh, Udaipur in Rajasthan, Jamshedpur in Jharkhand and Chandigarh. (Photo: PTI/File)

Petrol, diesel prices to change every day from May 1

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

12 Apr 2017 2:15 PM

Rates were last revised on January 16 when price of petrol went up by 54 paise.

Petrol price cut by Rs 3.77 a litre, diesel by Rs 2.91

Petrol currently costs Rs 71.14 a litre in Delhi and diesel is priced at Rs 59.02 per litre.

31 Mar 2017 11:08 PM

Indian Oil is one of major state-ownwed oil companies.

L&T arm bags Rs 1,100 crore contract from Indian Oil

Orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit.

25 Feb 2017 4:09 PM

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Oil firms corner small fields in first auction

Oil fields went to smaller firms like Megha Engineering & Infrastructure,, Enquest Drilling and Nippon Power.

16 Feb 2017 4:59 PM

"The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.

Petrol price hike by 13 paise; diesel cheaper

Petrol in Delhi will cost Rs 66.10 a litre, diesel will cost Rs 54.57 a litre from midnight tonight.

30 Nov 2016 7:02 PM

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