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Indian Oil Corporation
Business  /  Published 31.07.19

IOC profit down 47%

Indian Oil’s June-quarter net profit fell 47 per cent to Rs 3,737.50 crore from Rs 7,092.42 crore a year ago because of a drop in refinery margins and inventory gains.“The variation is majorly on ...
By Our Special Correspondent in New Delhi

Jharkhand  /  Published 08.03.20

Cleaner fuel from April

Petrol bunks in the state will start supplying cleaner fuel from next month.“As India, the third highest energy consuming country in the world, prepares to leapfrog from Bharat Stage (BS) IV to BS V...
By Achintya Ganguly in Ranchi

Business  /  Published 18.02.19

India signs annual crude deal with US

Indian Oil Corporation (IOC) has signed a deal to buy 3 million tonnes of crude worth $1.5 billion from the United States during the next fiscal.The deal, which is the first ever by an Indian firm, is...
By R. Suryamurthy in New Delhi

Business  /  Published 02.03.20

IOCL to invest Rs 20,000 crore in Gujarat

State-owned refiner Indian Oil Corporation plans to seek the approval of its board to invest about Rs 20,000 crore to increase the capacity of its Gujarat refinery to 18 million tonnes (mt) from 13.7...
By R. Suryamurthy in New Delhi

Business  /  Published 13.10.19

Will resolve fuel payment issues early: Air India

State-owned Air India on Sunday said the aviation jet fuel payment issues are being sorted out and will be resolved soon with the oil PSUs, which have warned the carrier of snapping supplies at 6 key ...
By PTI in Mumbai

Business  /  Published 13.01.20

IOC keen to pick up BPCL stake

Indian Oil Corporation is keeping its option open on making an offer for competing public sector oil retailer and refiner Bharat Petroleum Corporation even though the government may baulk at such a mo...
By Sambit Saha in Calcutta

Sports  /  Published 12.11.19

Players praise coach Reid

Chief coach Graham Reid’s experience and knowledge of modern-day hockey should be hugely beneficial for the India men’s team in the Tokyo Olympics, Hardik Singh and Kothajit Singh believe.Both Har...
By Sayak Banerjee in Calcutta

Business  /  Published 30.01.20

Inventory boost to IOCL

Indian Oil Corporation’s net profit trebled in the December quarter to Rs 2,339.02 crore as inventory gain offset lower refinery margins and forex losses.The standalone net profit in the October-Dec...
By Our Special Correspondent in New Delhi

Business  /  Published 03.03.19

Fresh drill for US crude breather

India and the US have started negotiations to extend the 180-day waiver by Washington on the purchase of Iranian crude in November.Sources said the Trump administration wanted New Delhi to reduce crud...
By R. Suryamurthy in New Delhi

Jharkhand  /  Published 23.02.19

Jharkhand gets its 1st CNG station, in Bokaro

Jharkhand on Saturday got its first compressed natural gas (CNG) refill station in Bokaro under the country’s city gas distribution project, a move expected to reduce transport budgets and pollution...
By Our Special Correspondent in Jamshedpur


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