|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||367.40 - 376.95|
|52-week range||364.50 - 462.60|
|PE ratio (TTM)||8.85|
|Forward dividend & yield||N/A (N/A)|
|1y target est||486.74|
New Delhi, Feb 13 (IANS) Energy major Indian Oil Corp. On Tuesday said that B.V. Rama Gopal has taken over as Director (Refineries) on its Board with effect from February 12, 2018. "Earlier, he was ...
Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 barrels per day (bpd) at a cost of 231.16 billion rupees rupees ($3.64 billion), the country's largest refiner said on Wednesday. India is increasing refining capacity to keep pace with the expected growth in fuel demand as Prime Minister Narendra Modi seeks to boost the manufacturing sector. The energy-hungry nation's refinery capacity has more-than-doubled since the start of the millennium to about 5 million bpd.
India's top refiner Indian Oil Corp has bought 2 million barrels of U.S. Light Louisiana Sweet crude via a tender for April delivery, its head of finance A. K. Sharma said on Thursday. This is the first ...
SINGAPORE/NEW DELHI (Reuters) - Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government's demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent. Last year's oil demand was held back "by headwinds from demonetisation and a new goods and services tax," U.S. bank Morgan Stanley said in a note to clients. India imports almost all of its oil, shipping in around 4.2 million barrels per day (bpd) of crude in 2017, according to trade flow data in Thomson Reuters Eikon.
Indian Oil Corp has shut the fluidised catalytic cracking unit at its Paradip refinery, a company spokesman said. FCCU was shut after a fire broke out at a nearby facility at about 1100 hours local time. ...
Israel's Energy Ministry on Monday gave preliminary approval to bids from Greek and Indian energy companies to explore for oil and gas in the eastern Mediterranean. Israel had received bids from Greece's Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and Oil India. Energean will be granted licenses to explore five offshore blocks, while the Indian group will receive the license for one block, the ministry said.
NEW DELHI/MUMBAI (Reuters) - Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi. The country's top refiner Indian Oil Corp (IOC) and other refiners have invested billions of dollars in recent years to install delayed coker units to produce high-valued added products such as gasoline and liquefied petroleum gas. The units produce petcoke as a byproduct, equivalent to 25-30 percent of a unit's capacity, which refiners sell to local industries.
Bhubaneswar, Nov 29 (IANS) Petroleum Minister Dharmendra Pradhan on Wednesday dedicated two oil terminals of Indian Oil Corporation Ltd (IOCL) at Jharsuguda and Jatni in Odisha to the nation. Speaking at Jharsuguda, Pradhan said these state-of-the-art facilities will further strengthen storage and distribution of petroleum products in Odisha, Jharkhand and Chhattisgarh.
Ranchi, Nov 29 (IANS) Jharkhand Chief Minister Raghubar Das on Wednesday inaugurated an advanced smart oil terminal of the Indian Oil Corporation Ltd (IOC) in Khuti district of the state. This terminal ...
Indian Oil Corp is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm. Venezuela depends on oil for more than 90 percent of its export revenues. Venezuela's national oil company PDVSA has missed debt payments to ONGC Videsh, the foreign investment arm of Indian explorer Oil and Natural Gas Corp, for six month and wants to settle $449 million dues using existing and new Indian clients.
Nagpur, Nov 19 (IANS) In a major step in spreading the use of green energy, Indias first electric vehicle (EV) charging station was started here on Sunday by Indian Oil Corp (IOC), according to the state-run oil marketing company. Indian Oil has partnered with cab aggregator Ola to set up the charging station at an IOC petrol pump here. "Nagpur, being the first city to introduce the electric public transportation model in India, has added one more feather to its cap by adding the first electric charging station at Indian Oil's COCO (company-owned, company-operated) fuel station in the city," an IOC release said.
Bhubaneswar, Nov 16 (IANS) Over Rs 30,000 crore would be invested over a two-year period to set up small scale industries in the petrochemical sector in eastern India, Union Petroleum Minister Dharmendra Pradhan said on Thursday. Speaking to reporters after inaugurating the Petrochemical Investors Conclave here, Pradhan said that over one lakh employment opportunities are likely to be generated in India's eastern region. Addressing the inauguration event, the minister noted that state-run Indian Oil Corp (IOC) has already commissioned a 15-million tonnes per annum oil refinery at Paradip port town on the Odisha coast at an investment of Rs 35,000 crore.
India's top refiner Indian Oil Corp on Wednesday began trading crude oil through its Singapore unit, buying a million barrels of Nigerian oil Akpo, the state-run company's head of finance AK Sharma said. IOCL Singapore Pvt Ltd has bought the parcel from Total for Dec. 8-17 loading, he said. "We have got a very good deal," Sharma told Reuters, adding the cargo will be co-loaded with a million barrels of Angola's Girassol oil, which the refiner has procured under a term deal.
NEW DELHI/MUMBAI (Reuters) - State-owned Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of liquefied natural gas (LNG) in five years, its head of business development said on Friday, helping India to gradually move to a gas-based economy. Prime Minister Narendra Modi's government wants to raise the share of natural gas in India's energy mix to 15 percent in the next few years from about 6.5 percent now. Indian Oil Corp (IOC) currently holds rights to annually import 2.25 million tonnes of the super cooled fuel at Petronet LNG's Dahej terminal in western Gujarat state.
REUTERS - Indian Oil Corp Ltd reported a nearly 18 percent rise in second-quarter profit, but missed estimates by a wide margin. Net profit of the country's top refiner rose to 36.96 billion rupees in ...
Indian Oil Corp, the country's top refinery, has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. IOC had earlier planned to shut the refinery for 20 days this month. "Due to a major job at the hydrogen unit, the refinery will be shut for about 45 days in March-April, when we will carry out maintenance at other units as well," he said, adding that the shutdown has been deferred to meet local fuel demand.
Indian Oil Corp is willing to buy state-owned GAIL Ltd or Oil India Ltd, the company's head of finance, A.K.Sharma, said on Monday Indian Oil also plans to open offices in Bangladesh and Myanmar in the ...
A push to use more natural gas by the world’s fastest-growing oil guzzler is getting a boost from an unlikely source: the nation’s gasoline and diesel makers.
Mumbai, Oct 2 (IANS) Indian Oil Corp. (IndianOil) on Monday said it has received its first US crude oil cargo of 1.6 million barrels. According to the company, it received the shipment at Paradip port in Odisha. "MT New Prosperity, a Very Large Crude Carrier (VLCC), of capacity 2 million barrels of crude, left US Gulf Coast on 19th August and arrived at Paradip port today," the company said in a statement.
Malaysian state oil firm Petronas is looking to buy a stake in Indian Oil Corp's Ennore liquefied natural gas import terminal, the Indian firm's chairman said on Wednesday. IOC aims to start operating ...
India's state oil refiners - long focused on churning out transport and cooking fuels - are planning a $35 billion push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives. The drive comes as the government seeks to promote durable, cheaper materials in industries such as farming and food packaging, while refiners eye long-term threats to their business from renewable energy and a shift to electric vehicles. India's per capita consumption of synthetic polymers, for instance, used to make various grades of plastics, is just 10 kg (22 lbs) a year, compared with a global average of about 32 kg.
New Delhi, Aug 4 (IANS) State-run marketing firm Indian Oil Corp (IOC) on Friday said its board has approved the acquisition of up to 50 per cent equity in GSPL LNG Ltd, which is setting up a 5-million tonnes per annum (MTPA) liquefied natural gas (LNG) terminal at Mundra Port in Gujarat. At its meeting here on Thursday, the "Indian Oil Board has given its in-principle approval for acquiring up to 50 per cent equity in GSPL LNG Ltd, which is setting up a 5-MTPA LNG terminal at Mundra Port," an IOC release said. GSPL LNG is a joint venture of state-run Gujarat State Petroleum Corp (GSPC) and private conglomerate Adani Enterprises Ltd.
India's top refiner Indian Oil Corp will spend $2.4 billion to increase capacity at its refinery in western India by about a third over the next few years to meet rising local demand for fuel. The plan, announced on Friday, will enable the plant in Gujarat state to process 360,000 barrels per day (bdp) of oil by the end of 2021. The secondary units at the plant will be ready by the end of 2022, IOC said in a statement.
Indian Oil Corp Ltd said it is in talks with its partners to scout for an alternative, cheaper site for the Pacific Northwest LNG terminal after the recent pullout of the lead developer cast doubt on the future of the Canadian project. Malaysia's state-owned Petroliam Nasional Bhd (Petronas), which held a majority 62 percent stake in the proposed C$36 billion ($29 billion) Pacific NorthWest LNG Project in British Columbia, said last week it was abandoning the plan due to weak global prices. Sanjiv Singh, chairman of Indian Oil, which has a 10 percent stake in the Canadian project, said the company remained interest in going ahead with at least part of the plan.
New Delhi, Aug 3 (IANS) State-run refiner Indian Oil Corp (IOC) on Thursday reported a massive 45 per cent fall in its standalone net profit for the first quarter ended June, caused by a drop in refining margins and higher inventory losses. IOC posted a net profit of Rs 4,548.51 crore in the quarter under consideration, as compared with the Profit After Tax (PAT) of Rs 8,268.98 crore in the same quarter of the last fiscal.