Page 2 - Indian Oil Corporation Ltd News
Shares of oil marketing companies rally up to 6%; BPCL, HPCL at new highs
According to HPCL, India's ambitious goal of expanding road connectivity, manufacturing, and construction activities is expected to support economic growth and further drive oil consumption in India.
 "Shares of oil marketing companies rally up to 6%; BPCL, HPCL at new highs")
Derivative strategy: Nandish Shah of HDFC Sec suggests Bull Spread on IOC
F&O strategy for Indian Oil stock: IOCL share price has broken out on the daily chart to close at highest level since February 2024 with a sharp rise in volumes
 "Derivative strategy: Nandish Shah of HDFC Sec suggests Bull Spread on IOC")
Indian Oil to triple gas sales, boost renewable energy to 31 GW by 2030
The company aims to establish a 5 GWh lithium-ion battery production capacity by 2031 as part of its strategy to diversify its energy portfolio
Largest oil firm IOC targets $1 trillion revenue by 2047: Chairman Vaidya
Indian Oil Corporation, the nation's largest oil firm, is targeting to become a USD 1 trillion company by 2047, combining growth in traditional oil refining and fuel marketing with clean energy avenues like green hydrogen and EV charging, its chairman said. Indian Oil Corporation (IOC) posted a record net profit of Rs 39,619 crore (USD 4.7 billion) on a revenue of Rs 8.66 lakh crore (USD 104.6 billion) in the 2023-24 (April 2023 to March 2024) fiscal. The company will continue to invest in fossil fuels and new energy avenues to have a balanced portfolio that will help achieve net-zero carbon emissions by 2046, company chairman Shrikant Madhav Vaidya said in its latest annual report. It will expand oil refining capacity, and invest in petrochemical units that will convert crude oil into value-added chemicals directly, while also increasing its focus on gas, biofuels and clean mobility. "With India's economy on the rise, the energy needs of the country are growing exponentially. As '
IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside
Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.
 "IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside")
