Indian Oil Corp

The cracker project will have a capacity of 1.5 million tons and will be built in next four to five years, says IOC Chairman

IOC targets $1 trillion revenue by 2047: Chairman

Indian Oil Corporation (IOC) posted a record net profit of Rs 39,619 crore (USD 4.7 billion) on a revenue of Rs 8.66 lakh crore (USD 104.6 billion) in the 2023-24 (April 2023 to March 2024) fiscal.

Indian Oil, BPCL, HPCL stocks soar 2-7% as Brent crude slips to two-month low

A fall in Brent crude prices bodes well for oil marketing companies as it lowers their input costs, giving them more headroom to keep competitive prices, which eventually aids their margins.

Indian Oil Corp in talks with NPCIL for small modular reactors

As several bigger projects face delays, policymakers are promoting small-scale nuclear technology with a capacity of up to 300 megawatts, which is quicker to build and easier to adjust to the requirements of the grid.

Indian Oil set to tap spot oil as Russian term deal lapses: Report

Indian state refiners decided against lifting Russia’s light sweet Sokol grade oil during joint negotiations with Rosneft due to payment problems

MC Explains: How did IOC's inaugural green hydrogen project reach Delhi HC's corridor?

On February 21, IOCL cancelled tenders for its inaugural green hydrogen plant to be set up in Panipat, Haryana, according to a corrigendum seen by Moneycontrol.

UAE'S ADNOC Gas agrees $7 billion-$9 billion 14-year LNG agreement with Indian Oil Corp: Report

The deal was signed during Prime Minister Narendra Modi's Visit to the United Arab Emirates (UAE) last week, IOC said in a statement

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

ADNOC LNG would supply up to 1.2 million metric tonnes per year (tpy) of LNG to IOC for 14 years, Indian Oil Corp said, adding that India's trade treaty with UAE will enable it to import LNG without paying a 2.5% import tax.

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi.

Indian Oil eyes processing bio-naphtha for petrochemicals: Chairman Shrikant Madhav Vaidya

"To attain sustainability, bio-based feedstocks such as bio-naphtha and bio-ethanol are being envisaged as the natural transition for the petrochemical industry," the company's Chairman Shrikant Madhav Vaidya said at Asia Petrochemical Industry Conference, without providing a timeline.

Indian Oil to sign MOU with LanzaJet for sustainable aviation fuel

The company has a tie up with LanzaTech for converting waste gas to ethanol, and U.S.-based LanzaJet will be helping in upgrading ethanol to jet fuel.

Buy Indian Oil Corp; target of Rs 120: YES Securities

YES Securities is bullish on Indian Oil Corp has recommended buy rating on the stock with a target price of Rs 120 in its research report dated February 01, 2023.

Indian Oil aims to restart naphtha cracker by mid-December

The naphtha cracker at IOC's Panipat plant annually consumes about 2.3 million tonnes of naphtha and produces 857,000 tonnes of ethylene.

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker: Sources

The country's top refiner will shut the naphtha cracker at its Panipat plant from Monday for a revamp aimed at raising its ethylene production capacity, the sources familiar with the plan said.

Indian Oil removes Russian Urals from latest tender, sources say

India's top refiner informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grades under its latest tender, which closes on Tuesday, the sources said.

India Oil to add 9 more oil tanks at Mundra port

Billionaire Gautam Adani's APSEZ in a stock exchange filing on Tuesday said it has signed an agreement with IOC for the augmentation of crude oil volumes at Mundra Port.

India increasing ethanol storage, targets 20% blended gasoline by 2025

India is the world’s third biggest oil importer and relies on foreign suppliers to meet more than 80 percent of its demand.

Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

IOC said it will supply gasoil, gasoline and jet fuel to Sri Lanka over the next 4-5 months.

Apollo Hospitals replaces IOC in Nifty50 as NSE revises eligibility norms, swaps stocks in key indices

Apollo Hospitals Enterprise Ltd will replace Indian Oil Corporation Ltd in Nifty50.

Apollo Hospitals will replace IOC in Nifty50, expects Edelweiss Research

Edelweiss expects an inflow of $175 million in the stock after inclusion in the benchmark index while IOC could see around $100 million outflow

Joint oil procurement to cut import bill, says Hardeep Singh Puri

As the country grapples with record-high fuel prices, he said joint procurement will bring better bargaining power and help cut the import bill.

IOC expects 100% refinery run within a quarter as fuel demand returns

Speaking at India Energy Forum by CERAWeek, he said petrol and cooking gas LPG demand is already above pe-COVID levels and diesel – the most consumed fuel in the country – is inching back to normalcy.

IOC to invest Rs 1 lakh crore to expand refining capacity: Chairman Shrikant Madhav Vaidya

Addressing the company's annual meeting of shareholders, IOC Chairman Shrikant Madhav Vaidya said petrol demand is already back at pre-COVID levels and diesel - the most used fuel in the country - should return to normal levels by Diwali.

Indian firms plan to invest $27 billion to boost refining capacity by 2025

'The refining industry has been modernized and upgraded continuously with the indigenous and imported technologies for refining cost reduction' and product upgrading, Teli said.

Indian refiners process less crude in April as pandemic stalls activity

A second wave of virus infections have forced several states to impose stricter restrictions to limit the movement of people, impacting industrial activities and fuel consumption.