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Loss on diesel sales falls to Rs 5.49 per litre

Last Updated: Wednesday, April 16, 2014, 18:22

The loss on sale of diesel has been trimmed by 44 paise to Rs 5.49 a litre after appreciation in the value of the rupee made imports cheaper.

5-kg LPG cylinders now available at kirana stores

Last Updated: Monday, April 07, 2014, 18:39

After making it available at petrol pumps, the convenient 5-kg cooking gas (LPG) cylinder will now be available at kirana stores and supermarkets in select cities.

IOC begins 5 kg LPG cylinders sale in kirana stores

Last Updated: Thursday, April 03, 2014, 21:30

Indian Oil Corporation has begun sale of market-priced 5-kg Free Trade LPG (FTL) cylinders through kirana stores and supermarkets.

IOC says Bengal's silence on HPL 'surprising'

Last Updated: Sunday, March 23, 2014, 12:35

The executive said that although IOC had close to nine percent stake in HPL at present, the oil PSU had been eyeing a berth on HPL's board for long.

Indian Oil plans to build Rs 30,000 crore refinery at Mundra

Last Updated: Thursday, March 13, 2014, 19:17

State-owned Indian Oil Corp (IOC) is mulling setting up a Rs 30,000 crore refinery at Mundra in Gujarat as part of a plan to increase its processing capacity to 100 million tonnes.

IOC to buy stakes in Petronas' LNG project for $900 mn

Last Updated: Friday, March 07, 2014, 19:19

Indian Oil Corp, the nation's largest oil firm, on Friday signed a deal to buy a 10 percent stake in shale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia for USD 900 million.

IOC major partner to Tata Medical Center expansion

Last Updated: Friday, March 07, 2014, 18:27

Indian Oil Corporation (IOC), a major supporting partner for expansion of the Tata Medical Center at Rajarhat near here, has offered Rs 66 crore in phases toward the Rs 200 crore project.

ONGC, Oil India to buy Indian Oil stake at Rs 220 per share

Last Updated: Thursday, March 06, 2014, 13:23

Oil Minister M Veerappa Moily had on February 28 confirmed the sale would will happen at 10 percent discount.

Will wait till March-end to take a call on HPL: IOC

Last Updated: Sunday, March 02, 2014, 13:18

Indian Oil Corporation (IOC), which had made a bid to buy out West Bengal government's stake in ailing Haldia Petrochemicals Limited (HPL), would wait till March 31 before taking a call on the matter.

Oil India board approves Indian Oil stake purchase

Last Updated: Tuesday, February 25, 2014, 19:16

The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 percent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.

Thieves dig tunnel from IOC pipeline to steal oil and diesel

Last Updated: Wednesday, February 19, 2014, 14:59

Large quantity of diesel and petrol was stolen by some miscreants by digging a tunnel through the supply pipeline of Indian Oil Corporation (IOC) here, following which two persons were today arrested, police said.

Govt misses disinvestment target for fourth consecutive year

Last Updated: Tuesday, February 18, 2014, 15:01

In 2010-11 and 2011-12 fiscals, the government had raised Rs 22,144 crore and Rs 13,894 crore through disinvestment, against the budgeted target of Rs 40,000 crore in each year.