Page 5 of Indian Oil Corporation

IOC posts Rs 1,993-crore loss on fuel price freeze

The company reported Rs 5,914 crore net profit in the same quarter last fiscal.

July 30, 2022 04:45 IST

Weak rupee to worsen OMCs’ under-recoveries

The elevated crude prices, which after softening by over 15-20% in last three weeks on recessionary fears, to below the…

July 20, 2022 05:20 IST

Hindalco partners Israel’s Phinergy, IOP to develop aluminium-air batteries for EVs in India

Aluminium-air batteries are expected to make EV adoption more convenient, and accelerate the transition to green mobility.

Updated: July 18, 2022 16:15 IST

“We also note that the companies are likely to face marketing inventory losses owing to excise duty cut in May. We expect one OMC to report ~68% q-o-q decline in earnings while the other two OMCs are expected to report losses,” it added.

Oil marketing companies’ Q1 margins to take a hit: ICICI Direct

In a report released Thursday, ICICI Direct said Hindustan Petroleum Corporation (HPCL) may report a Rs 3,721-crore loss and Bharat…

July 15, 2022 06:10 IST

Phinergy, Indian Oil JV to pilot 50-seater e-bus with 500km range using Aluminium-air batteries

The JV between IOCL and Phinergy has manufactured 100 small aluminium plates that will power a 50-seater bus for about…

Updated: July 15, 2022 10:32 IST

Coal India inducts director for business development

According to sources, Nanda will likely look into new business verticals, which the PSU miner is entering into. CIL has…

July 13, 2022 08:25 IST

OMCs to post combined loss of Rs 10,700 crore in Q1 due to retail losses: ICICI Securities

Prospects for the next nine months for RIL of course stand impacted by the estimated US$8/bbl hit from the higher…

July 12, 2022 00:10 IST

IOC, BPCL, HPCL may post Rs 10,700 crore loss in Q1, says report

ICICI Securities said the companies are losing Rs 12-14 per litre on petrol and diesel, completely offsetting the strong refining…

July 11, 2022 17:06 IST

IOC to invest Rs 740 crore to raise Digboi refinery capacity

Digboi refinery was commissioned on December 11, 1901, and is India’s oldest operating refinery and one of the oldest operating…

June 30, 2022 14:48 IST

stocks to watch, stocks in focus, stocks in news, reliance ril

Reliance, Infosys, LIC, Biocon, Indian Oil, GR Infraprojects stocks in focus on monthly F&O expiry

Indian equity markets are likely to extend losses on Thursday as SGX Nifty signalled at a gap-down open for benchmark…

Updated: June 30, 2022 08:24 IST

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Petrol and Diesel Price Today, 29 June 2022: Check fuel rates in Delhi, Mumbai, Noida, Gurugram, other cities

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on 29 June 2022 were again left unchanged, keeping…

June 29, 2022 08:36 IST

“The difference of selling price of transport fuels between the public and private pumps has narrowed down to just `1.5-2 per litre,” the official said.

Curtailed sales: Almost all fuel outlets operational, says govt

As on March 2022, there were 82,176 retail fuel outlets in the country of which 73,838 belonged to the public…

June 24, 2022 06:15 IST

Indian Oil Corporation rating – Buy: Final quarter results missed estimates

Final quarter results missed estimates, Marketing losses likely to widen in Q1FY23, though higher GRM could partially offset impact; ‘Buy’…

May 23, 2022 03:15 IST

IOC and other public sector oil companies held petrol and diesel prices for a record duration despite a surge in the cost of raw materials (crude oil). They started raising prices only on March 22.

IOC net drops 31.4% in Q4; record profit in FY22

With oil prices surging, revenue from operations rose to Rs 2.06 lakh crore in the final quarter of this fiscal…

Updated: May 17, 2022 18:30 IST

Central PSEs invest Rs 5.5 trillion in FY22, nearly meet combined target

Capex by these units up 21% on year, NHAI largest investor at Rs 1.57 trn

April 20, 2022 01:15 IST

Green hydrogen, unlike grey or black hydrogen, is produced using renewable power — wind and solar. (Representative image)

IOC, L&T, ReNew to form joint venture for green hydrogen push

India can look at green hydrogen as a crucial energy security by reducing the overall dependence on imported fossil fuels.

April 5, 2022 00:45 IST

Launching of ‘Fleet Card - Fuel on Move' by Air Chief Marshal VR Chaudhari, Chief of Air Staff in the presence of Air Marshal S Prabhakaran, Air Officer Commanding-in-Chief, Western Air Command, and Mr. SM Vaidya, Chairman IOCL. (HQ Western Air Command)

‘Fleet Card’, the energy security for IAF vehicles on move launched

According to the IAF, the Headquarters of Western Air Command was identified as the lead agency in implementation and execution…

March 28, 2022 19:54 IST

Hindustan Petroleum Corporation Limited (HPCL)

IOC, BPCL, HPCL lost $2.25 billon in revenue due to fuel price freeze, says Moody’s

While most state-owned oil and gas companies in India are currently devising strategies to manage carbon transition risks, these are…

Updated: March 24, 2022 16:44 IST

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