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Indian Oil Corporation
State-run oil cos to cut ATF price by up to 12,162 rupee/kL
Posted by :
9975797577Tracked by: 0 Boarder
State-run oil marketing companies have cut aviation turbine fuel prices by 11,378-12,162 rupees per 1 kL from Monday. The sharp fall in ATF prices is on account of fall in prices of the fuel in international market. Aviation fuel prices are revised at the beginning of every month, based on the average international price in the previous month. On Aug 1, oil firms had raised aviation turbine fuel prices by 1,931-2,156 rupees per kL. In Delhi, for example, the price of ATF has gone up by over 56% since a year ago period, in line with the spurt in global crude oil prices. The price of aviation turbine fuel in September, in Delhi, is at 59,650.07 rupees per kL compared with 38,163.23 rupees in the corresponding month previous year. Aviation fuel comprises 45-50% of airlines\' total operational cost. ...
NSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has informed the Exchange that Dividend @ 55% recommended by the Board for the Financial Year 2007-08, if approved, at the forthcoming Annual General Meeting to be held on September 19, 2008, will be paid to the shareholders by September 30, 2008....
Do not hold IOC at 400....
Posted by : marketmanTracked by: 0 Boarder
There is no meaning in holding this stock at 400 during these higher crude prices.......
IOC to raise funds via bonds
Posted by : gvTracked by: 0 Boarder
Hi,
Tuesday August 26, 07:36 PM
IOC to raise funds via bonds - sources
MUMBAI (Reuters) - State-run Indian Oil Corporation Ltd will issue bonds to raise at least 3 billion rupees ($70 million) to fund capital expenditure requirements, a senior company officials said on Tuesday. ...
Industrial users must pay more for diesel
Posted by :
vishnu 81Tracked by: 0 Boarder
Industrial users of diesel may end up paying a little over Rs 22 for the product compared to retail customers if the proposal of the public sector oil marketing companies (OMCs) finds its way.
The three OMCs – Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation – were of the view that the time has come to implement differential pricing of diesel for direct consumers, by offering the product at its economic value, industry sources said.
The sector-wise consumption growth of diesel showed that for first quarter of 2008-09 (April-June), the power sector saw a phenomenal increase in demand by 152.4 per cent (53,000 tonne) followed by fisheries 39.4 per cent and marine 39.2 per cent. The total consumption growth by direct consumers was 10.4 per cent compared with the same period last year while retail sales saw a growth of 11.6 per cent. The combined growth registered in both the categories was 11.4 per cent during the period.
Sources said that the industrial units find subsidised diesel cheaper than other deregulated products such as fuel oil and naphtha. This has led to increase in demand and forcing the refiners to resort to imports to meet the requirements.
Besides, differential pricing for diesel consumers would also help to reduce under-realisation.
(source from BL)
...
IOC calls for AGM and For final Div.
Posted by : psgsTracked by: 0 Boarder
hi, what is the dividend % announced?
i think crude is back at 122$ and thats why this stock is crashing
once again. it is a big joke to see this company at such throw away
prices. its an insult for value investing and a big insult for our
stock markets as nobody is recognising the true worth of this company.
it is very sad that IOC is bleading and being treat so badly.
Swamy....
In reply to:
IOC calls for AGM and For final Div.
Posted by : Leave it.
IOC fixes Book Closure for Dividend & AGM
Announcement: Indian Oil Corporation (IOC) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Corporation to be held on September 19, 2008.
v.krishnamoorthy
NSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has informed the Exchange that Register of Members and Share Transfer Books of the Corporation will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of taking on record eligible shareholders for payment of dividend for the financial year 2007-08, if approved by the members at the Annual General Meeting of the Corporation to be held on September 19, 2008....
BSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation (IOC) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Corporation to be held on September 19, 2008....
IOC calls for AGM and For final Div.
Posted by : Leave it.Tracked by: 0 Boarder
IOC fixes Book Closure for Dividend & AGM
Announcement: Indian Oil Corporation (IOC) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 11, 2008 to September 19, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Corporation to be held on September 19, 2008.
v.krishnamoorthy
...
Tracked by: 0 Boarder
CHT enters into a new contract with Shell Global Solutions. this will help our OMC's to improve their refining margins.
swamy.
...
IOC may become bankrupt - Sell it off....
Posted by : GuestTracked by: 0 Boarder
If indian oil goes bankrupt all the stocks will be bankrupt too with government Indian Oil will not go bankrupt because of the fundamentals but due to the social responsibility of the government It would bounce back when people like the big stock brokers are ready to pay for their use of petroleum products Pay for your airconditioned car at international rates...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
Dear calculus,good see your detailed message on oil,but few analysts feel the cruce is fairly priced at 150 dollars for the near term.... so, now it is being available at 20% discount.... at the moment,the crude is almost at the long term bottom for the coming years.... the crude may start moving up at any point of time.... so,chances are less to fall to double digit mark....
Regardig ioc,the only problem is controlled prices by govt.... even if crude bounces back beyond 150,govt may not increase the prices due to election year.... so,these types of price restrictions can not give profits to its investors.... by this time all reserve cash might have exhaused.... so,these govt omcs will have to face cash crunch for their day to day operations.... pl note that in many parts of the country,there are shortage of supplies of diesel.... these companies purposefully doing it to reduce the losses for some extent....
Crude economics continue to be burden for the country and thus put lot of pressures on stock market investors in coming days....
IOC may become bankrupt - Sell it off....
Posted by : marketmanTracked by: 0 Boarder
Dear calculus,good see your detailed message on oil,but few analysts feel the cruce is fairly priced at 150 dollars for the near term.... so, now it is being available at 20% discount.... at the moment,the crude is almost at the long term bottom for the coming years.... the crude may start moving up at any point of time.... so,chances are less to fall to double digit mark....
Regardig ioc,the only problem is controlled prices by govt.... even if crude bounces back beyond 150,govt may not increase the prices due to election year.... so,these types of price restrictions can not give profits to its investors.... by this time all reserve cash might have exhaused.... so,these govt omcs will have to face cash crunch for their day to day operations.... pl note that in many parts of the country,there are shortage of supplies of diesel.... these companies purposefully doing it to reduce the losses for some extent....
Crude economics continue to be burden for the country and thus put lot of pressures on stock market investors in coming days.......
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : calculus
Marketman, OMC will only start making money if oil cools to $ 90.
This maybe possible in the short to medium term, but in the long term (more than one year), oil is probably headed higher.
A lot will depend on the policies followed by the next US administration.
If you go back a bit, you will notice that oil started going higher the moment Bush became president. The Geopolitical premium can disappear if the US wants it to. Ditto for supply disruptions from Nigeria, all they have to do is twist the arms of Shell & partly Chevron who are making windfall profits from Nigeria due to lopsided concessions signed with corrupt & amenable Nigerian govts years ago. If you look at Shells figures, you will notice that a its margins are more than double in Nigeria.
If the next administration wants it can force OPEC to increase production, mediate a truce in N Iraq for the Kurds.
If they can do it in Libya, they can do so in Iran also.
The entire geopolitical & supply side risk premium is a a creation of the neoconservative policies of the US administration.
I am not saying that oil will fall back to sub 50 levels, but definitely below 100 for fair value.
If that happens then IOC will become the most valuable & the most underowned company in India.
The upside is huge, not just 1000 & it can happen within a year.
IOC may become bankrupt - Sell it off....
Posted by : novice1000Tracked by: 0 Boarder
dear calculus,
You got it right.Supply side constraints as far as crude is concerned are just created probs..
regards...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : calculus
Marketman, OMC will only start making money if oil cools to $ 90.
This maybe possible in the short to medium term, but in the long term (more than one year), oil is probably headed higher.
A lot will depend on the policies followed by the next US administration.
If you go back a bit, you will notice that oil started going higher the moment Bush became president. The Geopolitical premium can disappear if the US wants it to. Ditto for supply disruptions from Nigeria, all they have to do is twist the arms of Shell & partly Chevron who are making windfall profits from Nigeria due to lopsided concessions signed with corrupt & amenable Nigerian govts years ago. If you look at Shells figures, you will notice that a its margins are more than double in Nigeria.
If the next administration wants it can force OPEC to increase production, mediate a truce in N Iraq for the Kurds.
If they can do it in Libya, they can do so in Iran also.
The entire geopolitical & supply side risk premium is a a creation of the neoconservative policies of the US administration.
I am not saying that oil will fall back to sub 50 levels, but definitely below 100 for fair value.
If that happens then IOC will become the most valuable & the most underowned company in India.
The upside is huge, not just 1000 & it can happen within a year.
IOC may become bankrupt - Sell it off....
Posted by : psgsTracked by: 0 Boarder
marketman bhai,
did you watch the breaking news on cnbc-tv18 channel a while back. i believe the PM-panel is not in favour of the windfall tax for refinery companies. PM-panel is favouring windfall tax only in case of pre-NELP fields. what will be the impact and which companies do you think will get affected because of this newsflow?
swamy.
...
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
The crude is softened by 20%,but the stocks is not even strengthened by 10%.... that itself shows the disinterest of investors in this counter.... exit is the better logic in this counter....
IOC may become bankrupt - Sell it off....
Posted by : calculusTracked by: 0 Boarder
Marketman, OMC will only start making money if oil cools to $ 90.
This maybe possible in the short to medium term, but in the long term (more than one year), oil is probably headed higher.
A lot will depend on the policies followed by the next US administration.
If you go back a bit, you will notice that oil started going higher the moment Bush became president. The Geopolitical premium can disappear if the US wants it to. Ditto for supply disruptions from Nigeria, all they have to do is twist the arms of Shell & partly Chevron who are making windfall profits from Nigeria due to lopsided concessions signed with corrupt & amenable Nigerian govts years ago. If you look at Shells figures, you will notice that a its margins are more than double in Nigeria.
If the next administration wants it can force OPEC to increase production, mediate a truce in N Iraq for the Kurds.
If they can do it in Libya, they can do so in Iran also.
The entire geopolitical & supply side risk premium is a a creation of the neoconservative policies of the US administration.
I am not saying that oil will fall back to sub 50 levels, but definitely below 100 for fair value.
If that happens then IOC will become the most valuable & the most underowned company in India.
The upside is huge, not just 1000 & it can happen within a year....
In reply to:
IOC may become bankrupt - Sell it off....
Posted by : marketman
The crude is softened by 20%,but the stocks is not even strengthened by 10%.... that itself shows the disinterest of investors in this counter.... exit is the better logic in this counter....
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