Page 3 - Indian Oil Company
Despite windfall tax, ONGC, Oil India's earnings look positive for FY23
With diverse revenue streams RIL is less impacted, while oil marketing companies have seen earnings downgrades amidst volatility in oil prices
 "Despite windfall tax, ONGC, Oil India's earnings look positive for FY23")
Fuel price: What is windfall gain tax and how it affects fuel prices?
What is windfall gain tax? How does it impact petrol-diesel prices? Which countries impose it? Read this detailed article to know everything about fuel and its relation to windfall gain tax
 "Fuel price: What is windfall gain tax and how it affects fuel prices?")
5 PSUs to set up manufacturing units to increase coal gasification capacity
Coal ministry proposes PLI for ammonium nitrate to raise volumes and price competitiveness
 "5 PSUs to set up manufacturing units to increase coal gasification capacity")
Edible oil makers asked to remove packaging temperature from the labels
SEA executive director BV Mehta said that several oil companies in India have been resorting to the unfair practice of packing the oil at a higher temperature to reduce the weight
 "Edible oil makers asked to remove packaging temperature from the labels")
Mehul Kothari of Anand Rathi recommends buying ITC, IOC
According to the technical analyst, ITC has given a confirm breakout above Rs 272, hence the stock can potentially rise to Rs 290.
 "Mehul Kothari of Anand Rathi recommends buying ITC, IOC")
Will petrol, diesel price hike set OMC stocks on fire? What charts suggest
Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate
 "Will petrol, diesel price hike set OMC stocks on fire? What charts suggest")
After IOC, HPCL buys 2 mn bbl Russian crude, MRPL seeks 1 mn bbl
Western sanctions on Russia over its invasion of Ukraine has prompted many companies and countries to shun its oil. This has led to Russian crude being available in the market at deep discounts
 "After IOC, HPCL buys 2 mn bbl Russian crude, MRPL seeks 1 mn bbl")
Stocks to Watch: Metro Brands, RIL, IOC, HCL Tech, MCX, JSW Energy, Yes Bk
Metro Brands seems set for a tepid debut given the poor response to its initial public offer
 "Stocks to Watch: Metro Brands, RIL, IOC, HCL Tech, MCX, JSW Energy, Yes Bk")
Russia's Rosneft signs deal with Indian Oil to supply crude oil in 2022
Rosneft has signed a deal to supply refiner Indian Oil Corp (IOC) with up to 2 million tonnes of crude next year
 "Russia's Rosneft signs deal with Indian Oil to supply crude oil in 2022")
Indian Oil to install EV charging facility at 100 outlets in Maharashtra
State-owned Indian Oil is planning to set up electric vehicle charging points at 100 of its outlets across Maharashtra, including five in the Marathwada region, a senior official said here on Friday. Its General Manager (Retail Sales) Ajay Kumar Shrivastav attended a function in Aurangabad, in which the only fuel pump with electric charging, petrol and diesel, as well as a Khadi outlet, was dedicated to the nation under 'Azadi ka Amrit Mahotsav'. The Aurangabad rural police-run outlet that became operational last year is the only outlet selected in 'Azadi ka Amrit Mahotsav' across Maharashtra, the officials said. Indian Oil Head (Maharashtra Office) Anirban Ghosh inaugurated this pump through an online medium in the presence of DYSP Vishal Nehul, an official said. While talking to reporters after the event, Shrivastav said, "We have added a facility of charging electric vehicles here after the announcement of the 'Azadi ka Amrit Mahotsav' initiative on this pump." He added that In
 "Indian Oil to install EV charging facility at 100 outlets in Maharashtra")
India's oil refiners eye more exports as Covid-19 outbreak hits demand
Indian Oil, Bharat Petroleum weighing the option of raising oil-product exports against cutting run rates.
 "India's oil refiners eye more exports as Covid-19 outbreak hits demand")
Indian Oil, Israel's Phinergy to manufacture special batteries in India
Maruti Suzuki and Ashok Leyland sign letter of intent with new JV for using aluminium-air systems.
 "Indian Oil, Israel's Phinergy to manufacture special batteries in India")
Light at the end of the tunnel for domestic oil marketing companies
Marketing margins to support earnings, while refining outlook can improve with vaccine launches driving global economic recovery
 "Light at the end of the tunnel for domestic oil marketing companies")
Low fuel demand drives IOC's pre-tax profit down 42% to Rs 3,204 cr in Q1
June quarter revenue down 41% to Rs 90,106 cr, GRM was minus (-) $1.98 a barrel as compared to $4.69 a barrel in the year-ago quarter
 "Low fuel demand drives IOC's pre-tax profit down 42% to Rs 3,204 cr in Q1")
IOC signs first term contract for Russian crude; Rosneft may bid for BPCL
Under the deal, Rosneft will ship 2 mn tonnes to India this calendar year
 "IOC signs first term contract for Russian crude; Rosneft may bid for BPCL")
IOCL to lay Rs 10 bn pipeline to evacuate products from Paradip refinery
Odisha is set to become the first state in eastern India to have all the pipelines in the hydrocarbon chain ranging from crude oil to petroleum products, LPG and natural gas
 "IOCL to lay Rs 10 bn pipeline to evacuate products from Paradip refinery")
