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Indian Oil Corp (IOC)

How to get petrol pump dealership? Check how to apply to open fuel station

How to get petrol pump dealership? Check how to apply to open fuel station

Mon, Feb 25, 2019

There are number of questions like investment required to run a petrol pump, process of acquiring a license, required land and so on. Several oil companies like Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), Indian Oil (IOCL), Essar Oil or any other oil company provides their dealership to people.

Indian Oil Corporation to raise USD 3 bn more in overseas loan

Indian Oil Corporation to raise USD 3 bn more in overseas loan

Wed, Jan 16, 2019

"The three OMCs (oil marketing companies) were allowed to raise USD 10 billion and we reckon our share of that would be around USD 5 billion," he said. "We will certainly look at opportunities to raise overseas funds."

Market closing: Sensex jumps close to 300 points, Nifty closes 80 points up

Market closing: Sensex jumps close to 300 points, Nifty closes 80 points up

Fri, Dec 28, 2018

In what was another cheerful day for traders, BSE Sensex rocketed 380 points up, whereas Nifty 50 surged 110 points breaching 10,900, levels during the session. The 30 share Sensex closed at 36,076.72, climbing 270 points or 0.75 per cent up.

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IOC to buyback over 3% equity shares for Rs 4,435 cr

IOC to buyback over 3% equity shares for Rs 4,435 cr

Fri, Dec 14, 2018

Indian Oil Corp on Thursday announced a buyback of 3.06 per cent equity shares at a price of Rs 149 per stock for a consideration not exceeding Rs 4,435 crore.

India may continue with its purchase of crude oil from Iran despite US sanctions

India may continue with its purchase of crude oil from Iran despite US sanctions

Sat, Oct 06, 2018

The United States plans to impose new sanctions targeting Iran`s oil sector on Nov. 4 to try to stop the country`s involvement in conflicts in Syria and Iraq and bring Tehran to the negotiating table over its ballistic missile programme.

Ratnagiri refinery: Indian Oil, others set up panel to settle land acquisition issues

Ratnagiri refinery: Indian Oil, others set up panel to settle land acquisition issues

Mon, Sep 24, 2018

For the project, IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have come together. Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) of UAE too have picked up a stake in the project.

IOC says will invest Rs 20,000 cr in city gas projects in 5-8 yrs

IOC says will invest Rs 20,000 cr in city gas projects in 5-8 yrs

Mon, Aug 13, 2018

Indian Oil Corp (IOC), the nation's largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to complement its traditional oil refining and marketing business, its chairman Sanjiv Singh said today.The firm, which owns a third of India's oil refining capacity and has 44 per cent market share of fuel business, sees compressed natural gas (CNG) replacing a some of the petrol and diesel consumed in vehicles today and LPG getting replaced by piped cooking gas in households.

Billionaire Gautam Adani led group bags this big project across 21 cities

Billionaire Gautam Adani led group bags this big project across 21 cities

Mon, Aug 13, 2018

According to the Petroleum and Natural Gas Regulatory Board (PNGRB), IOC on its own won rights to seven cities, including Coimbatore and Salem in Tamil Nadu and Guna in Madhya Pradesh.

IOC bids for stake in Vietnam's Binh Son refinery

IOC bids for stake in Vietnam's Binh Son refinery

Sun, Mar 04, 2018

IOC is among the at least four companies that have evinced interest in becoming strategic partner in Binh Son Refining and Petrochemical Company (BSR) by taking 49 per cent stake

Saudi Aramco looking to buy stake in existing Indian refineries

Saudi Aramco looking to buy stake in existing Indian refineries

Sat, Feb 24, 2018

The company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra

Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04

Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04

Sun, Apr 16, 2017

The hike comes the on back of a Rs 4.85 per litre reduction in rates of petrol and Rs 3.41 a litre in diesel effected from April 1.

Indian Oil to supply fuels to Nepal for five years

Indian Oil to supply fuels to Nepal for five years

Tue, Mar 28, 2017

India was discussing plans to supply gas to Nepal, Indian oil minister Dharmendra Pradhan said at the same news conference.

Indian consortium eyes stake in Russian Arctic oilfield

Indian consortium eyes stake in Russian Arctic oilfield

Wed, Oct 12, 2016

Oil India Limited (OIL), Indian Oil Corp (IOC) and Bharat PetroResources Ltd (a unit of Bharat Petroleum Corp Ltd or BPCL) is looking at buying a stake in Suzunskoye, Tagulskoye and Lodochnoye fields - collectively known as Vankor Culster, sources privy to the development said.

Aviation stocks unmoved as Indian Oil Corp hikes ATF prices

Aviation stocks unmoved as Indian Oil Corp hikes ATF prices

Wed, Oct 05, 2016

State-owned Indian Oil Corp (IOC) on Wednesday hiked the aviation turbine fuel (ATF) prices by nearly 3% in metro cities like Delhi, Kolkata, Mumbai and Chennai.

Monsoon to keep India's diesel exports near three-year high

Monsoon to keep India's diesel exports near three-year high

Thu, Sep 22, 2016

The increase in shipments from the world`s no. 3 oil consumer has driven the profit margin for refining diesel in Asia to a seasonal six-year low.

Petrol price hiked by Rs 58 paise; Diesel price gets cut by Rs 31 paise

Petrol price hiked by Rs 58 paise; Diesel price gets cut by Rs 31 paise

Thu, Sep 15, 2016

“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and decrease in selling prices of Diesel, the impact of which is being passed on to the consumers with this price revision.” said IOC.

OMCs' free-cash flow to remain negative on high capex plans: Fitch

OMCs' free-cash flow to remain negative on high capex plans: Fitch

Tue, Sep 13, 2016

The OMCs aim is to improve refining complexity and meet new fuel standards.

Indian Oil 2nd most profitable PSU; posts Rs 10,399 crore profit in FY16

Indian Oil 2nd most profitable PSU; posts Rs 10,399 crore profit in FY16

Fri, May 27, 2016

Turnover, dipped 11.4% to Rs 450,738 crore on back of drop in oil prices.

India's fuel demand likely to rise 7.3% in FY17

India's fuel demand likely to rise 7.3% in FY17

Tue, Apr 26, 2016

ATF or jet fuel sale is projected to rise 3.9% to 6.18 million tonnes.

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