IOC.BO - Indian Oil Corporation Limited

BSE - BSE Real Time Price. Currency in INR
117.50
-5.15 (-4.20%)
At close: 3:53PM IST
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Previous close122.65
Open119.50
Bid0.00 x 0
Ask117.50 x 0
Day's range113.75 - 119.70
52-week range113.75 - 170.40
Volume1,492,222
Avg. volume412,380
Market cap1.12T
Beta (5Y monthly)0.46
PE ratio (TTM)9.77
EPS (TTM)12.02
Earnings dateN/A
Forward dividend & yield2.50 (2.04%)
Ex-dividend date21-Aug-2019
1y target est214.41
  • Indian Oil in talks with Rosneft to import Russian oil
    Reuters

    Indian Oil in talks with Rosneft to import Russian oil

    Indian Oil Corp, the country's top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday. "We have taken very small quantities from Russia in the past which cant be considered significant so we are trying to explore if we can increase the Russian crude volume coming to India...We are in discussion with Rosneft and we are hopeful that something should work," Singh told reporters at an energy conference. Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia.

  • IOC expects diesel demand to recover in six months
    Reuters

    IOC expects diesel demand to recover in six months

    India's diesel demand is expected to recover in the next six months as a longer-than-usual monsoon season that affected transportation and industry has ended, the chairman of top domestic refiner Indian Oil Corp (IOC) said on Monday. Diesel consumption usually tapers in monsoon season as rains hit construction and mobility. Any longer-term slowdown in fast-growing India's fuel use could dim prospects for global oil demand.

  • Saudi Aramco offers alternative crude oil grade to Indian Oil Corp - source
    Reuters

    Saudi Aramco offers alternative crude oil grade to Indian Oil Corp - source

    Saudi Aramco has offered Indian Oil Corp Arab Heavy crude oil instead of Arab Light following an attack on its oil facilities over the weekend, an industry source told Reuters on Tuesday. IOC will receive full allocated volumes from Saudi Aramco in September and October, the source said, declining to be named as he was not authorised to speak with the media. This indicates that Saudi is offering heavy grade instead of light as Arab Mix is a combination of Arab light and heavy.

  • Indian Oil Corp's Gujarat refinery ready to make IMO 2020 fuels by October - executive
    Reuters

    Indian Oil Corp's Gujarat refinery ready to make IMO 2020 fuels by October - executive

    Indian Oil Corp's Gujarat oil refinery will be ready to produce 700,000 tonnes per year of low-sulphur marine fuel starting in October, the company's Director for Refineries S.M. Vaidya said on Tuesday. IOC's Haldia refinery will start in December to produce 300,000 tonnes per year of marine fuels that meet the new low-sulphur specifications, Vaidya said during a speech at the Asia Pacific Petroleum Conference. India's marine fuel demand is about 1 million tonnes per year, he said.

  • Fuel supply to Air India stopped at six domestic airports: sources
    Reuters

    Fuel supply to Air India stopped at six domestic airports: sources

    Jet fuel supply to state-run carrier Air India has been stopped at six domestic airports because of unpaid dues to fuel provider, Indian Oil Corp (IOCL), three sources said on Thursday. "Jet fuel supply to Air India has been stopped for commercial reasons at six airports," a source at Indian Oil Corp told Reuters. India, for years, has propped up the debt-laden airline by infusing equity to keep it alive - the government injected 39.75 billion rupees ($553 million) into Air India in the fiscal year that ended on March 31.

  • Indian Oil sells more naphtha for August: sources
    Reuters

    Indian Oil sells more naphtha for August: sources

    Indian Oil Corp sold a naphtha cargo last Thursday, bringing its total August exports to 97,000 tonnes, the highest monthly volume from the port of Chennai since 2015, three industry sources said on Tuesday. IOC sold the 35,000-tonne naphtha cargo for Aug. 28-30 loading from Chennai to commodity trader Trafigura at a premium of about $17 a tonne to its own price formula on a free-on-board (FOB) basis after extending the validity of the sales tender by a day, the sources said.

  • IOCL recruitment 2019: Vacancies for 230 Technician, Trade apprentice posts, how to apply
    The Indian Express

    IOCL recruitment 2019: Vacancies for 230 Technician, Trade apprentice posts, how to apply

    IOCL recruitment 2019: According to the notification, the closing date for registration process for IOCL recruitment for trade and technician apprentice posts will be August 8, 2019.

  • India's June oil output falls to lowest in four months
    Reuters

    India's June oil output falls to lowest in four months

    Natural gas output was 1.6% lower at 2.64 billion cubic metres during the same period, the data showed. Indian refiners processed 20.30 million tonnes of crude oil in June, the lowest since February. Among the key refineries affected by shutdowns in June were Reliance's 330,000 barrels-per-day (bpd) Jamnagar refinery and Indian Oil Corp's 120,000 bpd Barauni refinery.

  • India's IOC close to deal for Panama-flagged vessel as Indian vessels fail to match
    Reuters

    India's IOC close to deal for Panama-flagged vessel as Indian vessels fail to match

    India's top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in its first five-year tender to hire an oil tanker with scrubbers that remove sulphur emissions, sources with knowledge of the matter said. In December last year, state-owned IOC issued a global tender and offered Indian shippers a first right of refusal as the nation seeks to boost its shipping industry. India, the world's third-biggest oil importer, wants to promote the market share of its vessels in bringing in crude imports.

  • Reuters

    Indian Oil issues tender for short-term lease of LNG storage tank

    Indian Oil Corp has issued a tender for short-term commercial lease of its liquefied natural gas (LNG) storage tank at Ennore terminal near Chennai, according to a notice posted on the company website. The Ennore terminal is owned by IndianOil LNG, a joint venture of IOC, private equity fund IDFC Alternatives and ICICI Bank, according to IndianOil LNG's website.

  • Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July
    Reuters

    Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

    Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran. Saudi Arabia approached Indian buyers last month offering them additional supplies to compensate for lost Iranian oil after U.S. sanctions kicked in. The United States, which imposed new sanctions on Iran in November, initially gave Indian and seven other buyers a six-month waiver to allow them to continue importing Iranian oil.

  • Reuters

    Indian Oil plans to shut units at northeast refineries to upgrade fuel: sources

    Indian Oil Corp, the country's top refiner, plans to shut units in phases at its northeast plants from August to produce cleaner fuels, two sources privy to the move said. IOC will shut a delayed coker, hydrotreater and gasoline units for about 15 days for catalyst replacement at its 13,000-barrels-per-day (bpd) Digboi refinery, the sources said. At the 48,000-bpd Bongaigaon refinery, it will shut one of the two crude units, a delayed coker, diesel hydrotreater and hydrogen generation unit for three months from September, they said.

  • Reuters

    Indian refiners turn to OPEC, Mexico, U.S. to make up Iran oil gap

    Indian refiners are increasing their planned purchases from OPEC nations, Mexico and the United States to make up for any loss of Iranian oil if the U.S. enforces sanctions more harshly from next month, sources and company officials said. All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, officials from the companies told Reuters. India's Bharat Petroleum Corp (BPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have tapped Iraq to make up for Iranian oil, while Indian Oil Corp (IOC) has signed its first annual contract with U.S. suppliers and raised supplies from Mexico.

  • Free Press Journal

    IOC to buy crude on real-time basis from New Delhi desk

    India's top refiner Indian Oil Corp (IOC) has set up a trading desk at its office here to buy crude oil from international market on a real-time basis, helping it cut import price by locking in best price and quality, it's Director (Finance) A K Sharma said.

  • Jet hits more turbulence as fleet shrinks and fuel terms tightened
    Reuters

    Jet hits more turbulence as fleet shrinks and fuel terms tightened

    NEW DELHI/SINGAPORE (Reuters) - Jet Airways is fighting for survival as its fleet shrinks and some refiners tighten fuel supply terms despite efforts by the airline's lenders to find a new investor to bail out the cash-strapped Indian carrier. Saddled with more than $1.2 billion of bank debt, the airline has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March. Jet's fleet had shrunk to 119 earlier this year from 124 planes last year and India's aviation regulator has approved the de-registration of seven grounded Boeing 737 planes leased to Jet, according to notices posted on the Directorate General of Civil Aviation's (DGCA) website on Wednesday.