The bond issue will be of Rs 1,000 crore with a greenshoe option of another Rs 2,000 crore, he said and added that "we may retain or not retain over-subscription of up to Rs 2,000 crore."
Net Sales are expected to decrease by 7.1 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,40,844.2 crore, according to ICICI Direct.
These included two Cosco Shipping Corporation subsidiaries, Cosco Shipping Tanker Dalian and Cosco Shipping Tanker (Dalian) Seaman and Ship Management Co.
Any further rise in crude prices may have an impact on the fiscal deficit situation of India amid fall in rupee against the US Dollar.
About 23 companies, or nearly 50%, of the Nifty50 universe is trading at a discount to their 10-year P/E multiple, data from Motilal Oswal and AceEquity showed
Rather than using it as a strategic instrument for disinvestment, the government has used the CPSE ETF like its ATM
For IOC, acquiring BPCL at current market price may not be a bad deal
IOC through its 11 refineries controls about a third of India's 5 million-barrel-per-day (bpd) refining capacity.
The plan is to almost double its oil refining capacity to 150 million tonnes per annum, expand fuels and LPG retailing network, jack up petrochemical production capacity and produce more crude oil and gas.
The country is the world's third-biggest oil importer. But the fuel demand is slowing due to a slowdown in the economy as well as a shift towards EVs.
Kotak Institutional Equities feels profit fall could be 80 percent QoQ and 82.3 percent YoY and revenue may decline 1 percent QoQ and 3.5 percent YoY.
Net Sales are expected to increase by 1.5 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 1,31,394.3 crore, according to Prabhudas Lilladher.
IOC and GAIL had on September 21, 2016, signed a "non-binding MoU" with Adani Petroleum Terminal Pvt Ltd to take 39 percent and 11 percent stake respectively in the planned 5 million tonnes a year liquefied natural gas (LNG) import terminal at Dhamra.
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.
Gasoline and jet fuel demand are expected to rise by 7% to 8% this year, while diesel consumption could increase by 3%, Indian Oil Corp Chairman said.
Motilal Oswal is bullish on IOC has recommended buy rating on the stock with a target price of Rs 198 in its research report dated May 20, 2019.
Imposing the suspension, the IOC said the denial of visas was against the principles of the Olympic Charter.
The Director-General of GST in Pune has slapped IOC, the country's biggest oil firm, with a tax demand of Rs 4,002 crore for alleged non-payment of excise duty on ethanol mixed in petrol. HPCL has been asked to pay over Rs 346 crore.
DG GST Intelligence (Pune) registered a case against Indian Oil for non-payment of Rs 4,000 crore in excise duty on sales of ethanol-blended motor spirit
ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.
In a statement, Uber said over 12,000 driver-partners have already registered for this benefit.