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Indian Oil Corp

16 Jan 2022

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. The company is already working on gas sales projects worth 200 billion rupees.

Indian Oil Corp

29 Aug 2019

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.

Crisil Research

21 Jun 2019

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.

18 May 2019

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.

18 May 2019

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.

Indian Oil Corp

18 Feb 2019

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.

03 Jan 2019

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.

Indian Oil Corp

13 Dec 2018

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.

India oil import

20 Sep 2018

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.

India`s oil imports

15 Jun 2018

India`s oil imports from Iran to be hit as SBI to stop handling payments

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.

Indian Oil Corp

19 Mar 2018

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.

Indian Oil Corp

27 Oct 2017

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.

Indian Oil Corp

10 Oct 2017

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.

Indian Oil Corp

09 Oct 2017

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.

Indian Oil Corp

25 Sep 2017

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.

Indian Oil Corp

10 Aug 2017

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.

India's oil import from US

10 Jul 2017

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.

Indian Oil Corp

25 May 2017

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.

03 May 2017

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.

30 Apr 2017

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.

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