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Indian Oil Corporation
After bumper profits, government scraps Rs 30,000 crore capital support to oil corporations
Sitharaman had on February 1 last year, while presenting the annual Budget for the 2023-24 fiscal (April 2023 to March 2024), announced an equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to support the three state-owned firm's energy transition plans.
23 July 2024, 13:03 IST
After bumper profits, government scraps Rs 30,000 crore capital support to oil corporations
23 July 2024, 13:03 IST
IOC targets over 83 lakh crore revenue by 2047: Chairman
Indian Oil Corporation (IOC) posted a record net profit of Rs 39,619 crore ($4.7 billion) on a revenue of Rs 8.66 lakh crore ($104.6 billion) in the 2023-24 (April 2023 to March 2024) fiscal.
21 July 2024, 05:53 IST
IOC targets over 83 lakh crore revenue by 2047: Chairman
21 July 2024, 05:53 IST
In a first for an Indian firm, IOC to make fuel for Formula 1 cars
Vaidya said current norms provide for 40 per cent of the F1 fuel coming from non-fossil sources, such as alcohol, algae or waste keeping in the sustainability angle.
06 March 2024, 14:54 IST
In a first for an Indian firm, IOC to make fuel for Formula 1 cars
06 March 2024, 14:54 IST
SC allows plea to appoint arbitrators in dispute between IOC and ArcelorMittal
The IOC's claim was initially filed against bankrupt Essar Steel India, which was taken over by ArcelorMittal in December 2019 after it won approval from the Supreme Court.
12 February 2024, 11:00 IST
SC allows plea to appoint arbitrators in dispute between IOC and ArcelorMittal
12 February 2024, 11:00 IST
Oil companies likely to cut petrol, diesel prices by Rs 5-10 next month
The move is expected to soothe inflation and play a major role ahead of the 2024 Lok Sabha elections.
17 January 2024, 09:20 IST
Oil companies likely to cut petrol, diesel prices by Rs 5-10 next month
17 January 2024, 09:20 IST
With Russian oil imports falling, India turns to Saudi Arabia
Indian Oil Corp which was set to get the Sokol oil, had to withdraw from its inventory and buy from the Middle East to make up the shortfall,
02 January 2024, 13:05 IST
With Russian oil imports falling, India turns to Saudi Arabia
02 January 2024, 13:05 IST
No takers for rupee payment for oil imports
India's push for rupee to be used to pay for import of crude oil has not found any takers as suppliers have expressed concern on repatriation of funds and high transactional costs, the oil ministry told a parliamentary standing committee.
24 December 2023, 08:41 IST
No takers for rupee payment for oil imports
24 December 2023, 08:41 IST
Oil content in water has further reduced: CPCL
About 240 trained manpower along with 125 boats, oil skimmers, pressure jet cleaning machines, containment and absorbent booms are currently engaged in clearing of oil slick at the Ennore creek.
19 December 2023, 07:35 IST
Oil content in water has further reduced: CPCL
19 December 2023, 07:35 IST
Petrol, diesel price revision only when oil price stabilises below USD 80
India is the world's third largest oil consuming and importing nation. It imports more than 85 per cent of its oil needs and hence domestic pricing is linked to international rates.
30 November 2023, 12:52 IST
Petrol, diesel price revision only when oil price stabilises below USD 80
30 November 2023, 12:52 IST
Indian Oil Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
The net profit—which came on the back of a boost in refining and marketing margin—compared to a loss of Rs 272.35 crore in July-September 2022, according to a stock exchange filing by the company.
31 October 2023, 10:34 IST
Indian Oil Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
31 October 2023, 10:34 IST
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