Speaking at an investor call on first-quarter earnings, Gupta said it was difficult to predict the demand recovery rate given the rising infections in India and around the world
ncome from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year back
Indian Oil Corporation Ltd reported a 47% drop in its June quarter net profit as pandemic outbreak pummelled fuel demand and shrank refining margins
The June quarter results by Reliance Industries will be a major focus in the markets today. Besides, investors will also react to global cues, Covid-19 trends and other corporate results
The agency has also affirmed IOC's senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus
The rating assigned to IOC is equal to its largest shareholder, the state of India, Fitch said in a statement.
"The Indian Oil refinery in Paradip will remain shut from July 25 to August 15 for maintenance," said Sangram Keshari Mohapatra, the top bureaucrat in the district of Jagatsinghpur
This fuel can withstand extremely low temperatures of around minus 33 degree Celsius.
Prior to his elevation, Vaidya was the Director (Refineries) on the IOC Board, since October 2019
India's top oil firm IOC on Friday launched a battery swapping facility for EVs at its petrol pumps, offering to replace discharged batteries with fully charged ones in just couple of minutes.
Diesel price continued to be higher in the city for the second consecutive day
A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today
All that happened in the markets today
The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today
Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre
Compared to last year, Indian refiners' crude processing however tumbled by 24.2 per cent in May to 16.35 million tonnes
Meanwhile, OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July.
Lower demand for crude oil and petroleum products had impacted the prices and refining margins of the company
IOCL and CPCL to jointly hold 50% stake in JV, rest to come from financial, strategic and public investors
The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end