Ioc Crude Oil
IOC, GAIL, ONGC fined for 4th straight quarter for not appointing directors
State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) Ltd have been slapped with fines for the fourth straight quarter for failing to meet listing requirements of having the requisite number of directors on their board. Stock exchanges imposed a cumulative fine of Rs 34 lakh on oil refining and fuel marketing giants Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), explorers Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), gas utility GAIL, and refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) for not meeting the listing requirement in the January-March quarter, stock exchange filings showed. In separate filings, the companies detailed the fines imposed by the BSE and NSE for either not having the requisite number of independent directors or the mandated women director in the quarter ended March 31, 2024 (fourth quarter of 2023-24 fiscal year), but were quick to point out tha
 "IOC, GAIL, ONGC fined for 4th straight quarter for not appointing directors")
Government considers extending SM Vaidya's tenure as IOC chairman
All ten candidates who were interviewed for the position of IOC chairman were rejected by the Public Enterprises Selection Board
 "Government considers extending SM Vaidya's tenure as IOC chairman")
Indian Oil aims to restart Paradip refinery from mid-Sept: Report
Indian Oil Corp will restart crude processing at its 300,000 barrel per day Paradip refinery in eastern Odisha state from mid-September after a 45-day maintenance turnaround
 "Indian Oil aims to restart Paradip refinery from mid-Sept: Report")
IOC unit to release 6,000 MT diesel to help ease power crisis in Lanka
Power cuts lasting over 13 hours came to be in place on Thursday, the longest cut since 1996 when a strike by the state power entity employees caused a 72-hour black out
Covid-19 crisis and the problem of plenty for India's fuel sector
The plummeting demand for energy across the board is causing a major headache for the sector will be how to balance its limited storage capacity
 "Covid-19 crisis and the problem of plenty for India's fuel sector")
In a first, IOC to buy crude from US in 2-million-barrel deal
The company will buy more crude from the US if the market conditions remain favourable
 "In a first, IOC to buy crude from US in 2-million-barrel deal")
