Indian Oil

IOC to invest Rs 32,000 crore to ramp up petchem capacity by FY21

The petchem business contributes a quarter of the most profitable PSU's profit, which rose to the highest at Rs 19,106 crore in fiscal 2017.

Aug 29, 2017, 22:31 PM IST
India may become 1st nation using LED for all lights by 2019: Piyush Goyal

India may become 1st nation using LED for all lights by 2019: Piyush Goyal

Power Minister Piyush Goyal on Wednesday said India will probably be the first country in the world to use LEDs for all lighting needs by 2019, which would help the nation save over Rs 40,000 crore a year.

Aug 16, 2017, 19:41 PM IST
Daily fuel price revision: India joins select nations on dynamic fuel pricing

Daily fuel price revision: India joins select nations on dynamic fuel pricing

India on Friday joined the league of select countries like the US and Australia where fuel prices are revised on a daily basis.

Jun 16, 2017, 19:41 PM IST
Daily change in petrol and diesel prices: Check the latest rates here

Daily change in petrol and diesel prices: Check the latest rates here

Petrol and diesel price will change on a daily basis by a few paisa per litre depending on movement of oil prices in international market and variation in foreign exchange rates.

Jun 16, 2017, 13:20 PM IST
Daily revision of petrol, diesel prices from today: Here's how you can track the rates

Daily revision of petrol, diesel prices from today: Here's how you can track the rates

 Starting Friday, petrol as well as diesel prices across the country will be revised on a daily basis in sync with international rates as happens in most advanced markets.

 

Jun 16, 2017, 09:19 AM IST
Tata, Godrej, Adani show interest in buying Sahara properties

Tata, Godrej, Adani show interest in buying Sahara properties

A large number of corporates, including Tatas, Godrej, Adani and Patanjali, have shown interest in buying embattled Sahara group's 30 properties estimated to be worth about Rs 7,400 crore.

Apr 19, 2017, 19:27 PM IST

Iran retaliates to Indian oil cut plans

Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates as a retaliatory measure to New Delhi's decision to reduce Iranian oil imports.

Apr 07, 2017, 11:48 AM IST

Iran dismisses India's threat to cut oil imports

Iran has dismissed India's decision to cut oil imports from Tehran by a fifth over delay in award of a gas field and said it has other buyers.

Apr 06, 2017, 17:53 PM IST
Now, pay for petrol, diesel at Hindustan Petroleum, Indian Oil with Ola Money

Now, pay for petrol, diesel at Hindustan Petroleum, Indian Oil with Ola Money

No card, no cash but want to refill fuel? No worries – you can pay with Ola Money.

Dec 02, 2016, 22:49 PM IST
Petrol price hiked by Rs 0.83 per litre, diesel by Rs 1.26 a litre

Petrol price hiked by Rs 0.83 per litre, diesel by Rs 1.26 a litre

Oil marketing companies on Monday increased the price of petrol and diesel price by Rs. 0.83/litre & Rs. 1.26/litre respectively with effect from Monday midnight.

May 16, 2016, 23:10 PM IST
Petrol gets cheaper: Know the latest price list city wise

Petrol gets cheaper: Know the latest price list city wise

Petrol gets cheaper: Know the latest price list city wise

Apr 15, 2016, 19:24 PM IST
Top outfits for Bombay Gold Cup hockey tournament

Top outfits for Bombay Gold Cup hockey tournament

Twelve teams, including seven from outside Mumbai, are to compete for the top prize of Rs 3 lakh.

Dec 05, 2015, 19:51 PM IST
Indian Oil Corp reports Q2 net loss of Rs 329 crore

Indian Oil Corp reports Q2 net loss of Rs 329 crore

IOC has made net loss of Rs 329.17 crore in the July- September quarter of the current fiscal, compared to net loss of Rs 898.46 crore in the same period a year ago, the company chairman B Ashok told reporters here.

Nov 03, 2015, 18:48 PM IST

LIC buys nearly 90% of Indian Oil's shares on offer

State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.

Aug 25, 2015, 20:10 PM IST

Indian Oil stake sale floor price set at Rs 387 a share

The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs 387 each, the company said, a two percent discount from Friday`s close.

Aug 22, 2015, 18:35 PM IST
Indian Oil defend Murugappa Hockey title

Indian Oil defend Murugappa Hockey title

Former India skipper Deepak Thakur led Indian Oil Corporation (IOC) Mumbai from the front as the defending champions held on to their guns to edge past Army XI 3-2 in the final of the 89th MCC Murugappa Hockey Tournament here on Sunday.

Jul 26, 2015, 21:36 PM IST

IOC to invest Rs 1,500 cr to ramp up storage in Northeast

Common people of the region, especially in hill states, suffer a lot whenever there is any natural calamity or political or social disturbances, he added.

Jun 07, 2015, 16:17 PM IST

Indian Oil net profit down 33% at Rs 6,285.35 cr in Q4

Indian Oil Corp, the nation's largest fuel retailer, reported 33 percent dip in net profit for the March quarter mainly on account of a lump sum subsidy it had received in the comparable quarter of the previous fiscal.

May 29, 2015, 14:42 PM IST

Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil

The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.

May 13, 2015, 11:19 AM IST

Reliance signs production sharing pact for offshore blocks in Myanmar

Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks.

Mar 31, 2015, 19:35 PM IST