|Bid||155.75 x 0|
|Ask||156.25 x 0|
|Day's range||152.30 - 156.75|
|52-week range||105.65 - 177.20|
|Beta (3Y monthly)||0.48|
|PE ratio (TTM)||8.45|
|Forward dividend & yield||8.25 (5.23%)|
|1y target est||214.41|
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.
The state-owned company's Q4 net profit increased 17 per cent at Rs 6,099.27 crore, compared to Rs 5,218.10 crore in Q4 last year
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.
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.
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.
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.
At one point of time, the entire Kanpur cargo had been handled by the KoPT but due to congestion the entire cargo shifted to JNPT.
Indian Oil recruitment 2019: Candidates will be shortlisted based on GATE 2019 score. For graduate and postgraduate posts the gross remuneration will be about Rs 17 lakh per annum.
Indian Oil recruitment 2019: The selected candidates will get a remuneration around Rs 60,000 to 70,000 per month, as per posts. The candidates can apply online through the official website- iocl.com
Indian Oil recruitment 2019: Candidates will be shortlisted based on their GATE score, selected candidates will be called for interview and next round of selection after which a final merit list will be declared based on which the jobs will be allotted, according to the official notification.
The LNG terminal at Ennore will usher in a green wave in South-Eastern part of India by offering natural gas as a clean and economically viable fuel, which will also help in reducing the carbon footprints.
Indian Oil Corp is seeking a liquefied natural gas cargo for delivery in April, two industry sources said on Monday. The company is seeking the cargo for delivery into the port of Dahej on April 20, one ...
NEW DELHI/SINGAPORE (Reuters) - Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC is the first Indian state refiner to buy U.S. oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington. The company has previously purchased U.S. oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of U.S. oil between November and January.
Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India's first terminal in the east coast is readying for start-up, three industry sources said on Monday. It bought the cargo at about $9.50-9.90 per million British thermal units (mmBtu), one of the sources said.
The oil marketing company had made an inventory gain of Rs 1,477 crore in the December 2017 quarter against a loss of Rs 3,465 crore in the December 2018 quarter.
Indian Oil Corp, the country's top refiner, is looking for an annual deal to buy U.S. crude as it seeks to broaden its oil purchasing options, its chairman said on Wednesday, amid uncertainties over imports from Iran. Washington in November granted a six-month waiver to New Delhi from sanctions against Tehran and restricted India's monthly intake of Iranian oil to 1.25 million tonnes or 300,000 barrels per day. Sanjiv Singh told reporters IOC has not yet finalised from which company it would buy U.S. oil.
Indian Oil Corp Ltd reported nearly 91 percent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies. The three public ...