Indian refiners are increasing Middle Eastern crude purchases from the spot markets after Washington last Friday announced sweeping sanctions targeting Russian producers
The Gujarat refinery expansion was initially scheduled for completion by mid-2024, while the Panipat expansion has also been delayed by over a year
Q2FY25 company results: Indian Oil, Ambuja Cements, Aditya Birla Sun Life AMC, Sun Pharma and more will report their second-quarter earnings on October 28
Public Sector Undertaking (PSU), Indian Oil Corporation on Thursday promised to provide monthly scholarships and medical insurance to the country's para athletes after their stupendous show at the just-concluded Paris Paralympics. The Indian contingent made history by securing 29 medals, including seven gold, nine silver and 13 bronze, marking the nation's best-ever performance at the Paralympics in Paris. Pankaj Jain, secretary, Ministry of Petroleum and Natural Gas, expressed his admiration for the para athletes and announced that Indian Oil will be further enhancing its support by introducing monthly scholarships, medical insurance, and sports kits for para athletes. "This historic performance is a testament to the resilience and determination of our para athletes," V Satish Kumar, Chairman and Director (Marketing), IndianOil, said during a felicitation function here on Thursday. "IndianOil is proud to have supported them on this incredible journey, and we remain committed to ..
Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.
The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday. The "Government has received about Rs 5,091 crore from Indian Oil Corporation Ltd (IOCL) as dividend tranche," DIPAM Secretary Tuhin Kanta Pandey said in a post on X. During the current financial year 2024-25, so far Rs 10,604.74 crore has been obtained through dividend from the CPSEs. This include Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as special dividend. In the current fiscal, the government has budgeted to collect Rs 56,260 crore as dividend from public sector enterprises, up from Rs 50,000 crore in 2023-24 fiscal. Separately, country's largest insurer Life Insurance Corporation (LIC) has paid a dividend of Rs 3,662.17 crore for FY2023-24. "Smt @nsitharaman receives a dividend chequ
IOC's average gross refining margin - the profit from making refined products from one barrel of oil - fell to $6.39 per barrel from $8.34 per barrel a year ago
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
At 6:35 AM, GIFT Nifty futures indicated a slight uptick, trading 21 points higher at 23,525 compared to their previous close
India's gas-fired generators, which took 5-6 cargoes of spot LNG in May, have little access to limited-term supplies and must rely on expensive spot fuels to generate power
Growth in Asia's third-largest economy likely slowed to an annual 6.7 per cent in January-March, more in line with the long-term GDP growth rate
The acceptance of Sovcomflot tanker by the country's largest refiner carries significance as it could embolden other smaller refiners to also use Sovcomflot vessels for their oil purchases from Russia
Annual net profit up 268% to Rs 43,161 crore, helped by Russian discounts
For the entire financial year, the company reported a rise in net profit by 326.15 per cent at Rs 41,729.69 crore, compared to Rs 9,792.12 crore reported at the end of FY23
Q4 FY24 results: Adani Energy, Adani Total Gas, Central Bank of India, Indus Towers, Procter & Gamble Hygiene & Health Care, Castrol India to post financial results
Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for 6,000 chargers, in which 40 EV suppliers across the country participated. "Zetwerk has secured an order with Indian Oil Corporation Limited (IOCL) to set up EV fast chargers across India through competitive bidding which was participated by more than 40 leading EV suppliers across the country," the company said in a statement. Zetwerk said that it has bagged the largest order from the public sector oil marketing company. "These charging stations will be deployed as per requirement across IOC outlets, providing a seamless charging experience. By conveniently locating these stations in major cities, we will enable the widespread adoption of EV mobility and drive the nation towards a sustainable future," Zetwerk Business Head - Renewables Abhay Adya said. Under the ...
Rashmi Govil has taken charge as Director (Human Resources) at Indian Oil Corporation Limited (IndianOil), the Fortune-500 energy major said on Friday. "She joined IndianOil in 1994 and brings with her nearly three decades of rich experience in various facets of the human resources function," the company said in a statement. Govil is a seasoned professional with an MBA specialising in HR and a Postgraduate Diploma in Finance. Prior to her appointment as Director (HR), she was serving as Executive Director (HRD & Employee Relations) at the company's corporate office. With this elevation, IndianOil now has two women functional directors on its Board. Sukla Mistry, Director (Refineries), is other director on the board that has a total of seven functional directors. "Govil has also worked at IndianOil's refineries headquarters," it said. "Her rich and varied experience has laid the foundation for her deep understanding on the nuances of the function including compensation and ...
IRFC with market capitalisation of Rs 2.3 trillion today surpassed other state-owned companies like Power Grid Corporation (Rs 2.23 trillion), IOCL (Rs 2.11 trillion) and HAL (Rs 2.01 trillion).
IOCL said it is aiming to provide 10,000 EV charging stations in India by 2024 transforming the retail network to complete energy solutions outlets
Indian Oil Corporation (IOC) on Monday opened its first battery-swapping station in Kolkata for electric vehicles (EV). The oil marketing PSU opened the facility at its retail outlet in New Town on the eastern outskirts of the city in collaboration with Sun Mobility, the company said in a statement, adding that this marks a significant step forward in promoting sustainable and accessible electric mobility solutions across the city. Battery-swapping technology for two and three-wheeler EVs has proven to be a game-changer across India. IOC director (marketing) V Satish Kumar said, "The battery-swapping technology presents a significant opportunity for promoting sustainable electric mobility solutions. This facility is expected to play a pivotal role in the adoption of EVs and spearhead energy transition in eastern India." In the coming months, IOC, in association with Sun Mobility, will install more battery-swapping facilities at its retail outlets, allowing drivers to access its ...