Paradip Refinery

Under this package, valued at over Rs 400 Crore, BHEL envisages setting up a 525 TPD Sulphur Recovery Unit at IOCL’s Paradip Refinery in Odisha. The project is scheduled for completion in 25 months.

Indian Oil sells naphtha from Paradip refinery for first time in more than a year

IOC sold up to 30,000 tonnes of naphtha on late Thursday in two separate cargoes for second-half August loading from Paradip to a trading house at discounts of about $14 a tonne to its own price formula on a free-on-board (FOB) basis, the traders said.

IOC may take Odisha govt to court on Paradip refinery tax sops

State-owned Indian Oil Corp (IOC) may drag the Odisha government to court for reneging on its promise to give tax concessions to its Rs 34,555 crore Paradip refinery in the state.

IOC to seek review on withdrawal of tax sops by Odisha govt

The Odisha government Sunday withdrew tax sops allowed to Indian Oil Corporation Limited‘s (IOC) Paradip refinery. Speaking to CNBC-TV18, Chairman B Ashok, said the company has a strong case and will take it up with the state for reconsideration.

Indian Oil falls 2% on tax sops withdrawals at Paradip refinery

The stock has seen weak movements in the past 15 days, having fallen over 3 percent. In the past three days, it has seen a fall of over 2 percent.

Odisha govt withdraws tax sops to IOC's Paradip refinery

Less than two months after serving the first show-cause notice, the Odisha government on February 22 wrote to its single-biggest investor saying it is withdrawing the promised 11-year deferment on payment of sales tax on Paradip refinery products sold in the state, sources said.

IOC chief hints at merger with Chennai Petro, no timeline yet

At a time when there is proposal for consolidation of oil companies from the Finance Minister, oil major IOC has plans to merge its subsidiary Chennai Petroleum Corporation Ltd with the the company.

IOC's Q3 net seen rising 77% to Rs 5539 cr

Analysts polled by CNBC-TV18 feel inventory gains could spring a surprise in the company's December quarter earnings. GRMs could be better in the third quarter after being lower in Q2 due to weak diesel spreads and inventory losses.

IOC's Paradip refinery faces withdrawal of fiscal sops

In a setback to Indian Oil Corp (IOC), the Odisha government has slapped a notice seeking withdrawal of fiscal incentives given to the PSU's Rs 34,555 crore Paradip refinery in the state.

IOC hopes to be rid of inventory loss, sees better margins

IOC Chairman B Ashok hopes the gross refining margins to be better, but refrains from putting a number ahead of the quarterly results. In the quarter gone by, the GRM was at USD 3 per barrel.

PM inaugurates Indian Oil's Paradip refinery

The 15 million tons per annum Paradip refinery was built over nearly 16 years. The then Prime Minister Atal Bihari Vajpayee had on May 24, 2000 laid foundation stone of the ninth plant of IOC.

IOC Paradip refinery may start commercial operations in Mar

When the refinery reaches full capacity, it could temporarily cut the refiner's dependence on gasoline imports, said Mathew C. George, Chief Manager of Petrochemicals-Exports.

India takes 17% more Iran oil in Sept than in Aug: Data

Indian Oil Corp, India's biggest refiner, accounted for most of September's rise from the previous month, taking a very large crude carrier carrying two million barrels of oil for its recently commissioned 300,000 barrel-per-day (bpd) Paradip refinery on the nation's east coast, the data showed.

IOC's Paradip refinery's up and running

The refinery is designed to process broad basket of crude, including cheaper high sulphur heavy crudes, and has an overall Nelson complexity factor of 12.2. "The refinery is capable of producing Euro-IV/Euro-V quality transportation fuel," the statement said.

IOC aims to run Paradip refinery at full capacity by Dec

Crude processing at the 300,000-barrel-per-day (bpd) east coast refinery will begin in two months, Indian Oil's head of refinery Sanjiv Singh told reporters after the company announced its December-quarter results.

Shale boom brings LatAm oil bonus for Indian refiners

Decades-old crude trading routes are being redrawn as the United States cuts its dependence on imports through a boom in shale oil, forcing Latin American exporters to tap buyers as far away as China and India - markets growing enough to soak up their surplus supplies.

Engineers India sinks to over 3 year low

State-owned Engineers India (EIL) fell as much as 4.9 percent intraday to touch a 3.5 years low of Rs 171.40 on Monday after media reports indicated that the company may terminate big contracts.