Indian Oil Corporation
Business  /  Published 23.10.19

Fuel retailing rules relaxed

The cabinet on Wednesday relaxed the norms for setting up fuel stations in the country, a move that could help private and foreign firms to enter a sector dominated by state-owned companies. The new r...
By Our Special Correspondent in New Delhi

Business  /  Published 13.10.19

Push for sub-51% stake plan

The Union cabinet is expected to soon consider the Narendra Modi-government’s plan to reduce the Centre’s stake in certain public sector undertakings to below 51 per cent, while continuing to reta...
By R. Suryamurthy in New Delhi

Business  /  Published 28.09.19

Government sets capex course for PSUs

State-owned firms are expected to spend over Rs 1 lakh crore in the second half of the financial year with the government urging them to front load capital expenditure to boost demand in the economy. ...
By Our Special Correspondent in New Delhi

Business  /  Published 04.10.18

Levy tweak scalds oil marketing firms

Oil marketing companies are likely to take a hit of around Rs 4,500 crore for the rest of the year following the central government-mandated one-rupee cut in fuel prices.While this is the view of a to...
By Our Special Correspondent in Mumbai

Business  /  Published 10.07.19

Sub-51% drill in oil PSUs

State-owned oil firms ONGC, Indian Oil Corporation and GAIL India are the likely candidates for selloffs that would take the government holding in them to below 51 per cent — which was announced by ...
By R. Suryamurthy in New Delhi


India  /  Published 29.03.20

Enough fuel to last till lockdown: IOC chief

India, the world's third largest energy consumer, has enough petrol, diesel and cooking gas (LPG) in stocks to last way beyond the three-week nationwide lockdown as all plants and supply locations are...
By PTI in New Delhi

Business  /  Published 04.06.19

Trio pick stake in pipeline

Oil PSUs BPCL and HPCL will take 25 per cent each in Indian Oil’s Rs 9,000-crore pipeline from Kandla to Gorakhpur, which on completion will be the country’s largest LPG pipeline and will meet the...
By Our Special Correspondent in New Delhi

Business  /  Published 01.03.20

Indian Oil thrust on east

State owned refiner Indian Oil Corporation plans to invest about Rs 15,000 crore in over 3 years to increase the capacity of its Barauni refinery and petrochemcial units.“The expansion of the refine...
By R. Suryamurthy in New Delhi

Business  /  Published 05.02.20

Rosneft targets BPCL with eye on fuel retail

Russian oil major Rosneft has expressed its interest to acquire state-owned BPCL as it is keen to enter the fuel retail market in India.Rosneft CEO Igor Sechin during his meeting with oil minister Dha...
By Our Special Correspondent in New Delhi

North East  /  Published 10.01.20

Survey on gas pipeline

The Assam government has asked the Assam Gas Company Limited (AGCL) to conduct a survey on laying a pipeline to provide house-to-house gas connection in Guwahati and Silchar in the first phase.Assam i...
By A Staff reporter in Guwahati


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