Indian Oil’s Q3 consolidated net profit slumps 77% IOCL’s refinery throughput for the third quarter of FY25 stood at 18.110 million tonne as compared with 18.502 million tonne… January 28, 2025 00:30 IST
Weak refining margins may continue for OMCs in Q3 The OMCs made under recoveries on LPG in both the first quarters of the present fiscal. However, LPG being a… November 7, 2024 02:00 IST
CPSE dividend receipts cross halfway mark of FY25 target With lower crude prices aiding bottom lines, state-run oil and gas companies are the top dividend payers with Rs 9,590… October 29, 2024 02:00 IST
OMCs may report weak Q2 on lower refining margins The Singapore GRM in the first half of FY25 has averaged only $3.6 per barrel, reflecting the effects of a… October 14, 2024 01:30 IST
IOC arm to build 1 GW RE capacity, invest Rs 5,215 crore The company’s board approved the investment plan on Tuesday stating that the projects will be implemented by IOC’s proposed wholly… May 1, 2024 00:45 IST
Indian Oil Corporation Q4 results: Net profit down 52% on year; declares dividend of Rs 7/share; Here are all other details The company has declared a dividend of Rs 7 per equity share. April 30, 2024 15:04 IST
IOCL, Panasonic to form JV to manufacture lithium ion cells “The JV was formed in anticipation of expanding demand for batteries for two-and three-wheel vehicles and energy storage systems in… April 1, 2024 09:45 IST
Indian Oil to produce racing fuel for Formula One cars The specific density range, distillation range, vapour pressure (DVPE), and olefin content of the STORM sets it apart from the… March 9, 2024 11:00 IST
Petronet draws Rs 40,000 crore investment plan to treble profit by 2028 Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that… Updated: February 9, 2024 16:09 IST
Oil marketing companies likely to report sequential rise in profits in Q4 OMCs are likely to report a healthy YoY growth in their net profits for Q4FY24, say analysts. On a QoQ… January 31, 2024 01:00 IST
Indian Oil Corporation Q3 Results: Profit jumps 9x to Rs 9220.85 crore, revenue drops by 2.3% on-year Indian Oil Corporation posted revenue from operations at Rs 2,26,892.08 crore, down 2.3 per cent as against Rs 2,32,303.20 crore… January 24, 2024 14:52 IST
Oil marketing companies’ Q3 profits seen down on quarter The gross refining margins of the three OMCs also fell to $5-6 per barrel from $9-10 a barrel on quarter… January 24, 2024 00:45 IST
IOC, GAIL fined for second straight quarter for failing to meet listing norms In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out… November 26, 2023 10:37 IST
Indian Oil beats estimates with profit at Rs 13,713.08 crore driven by lower crude oil prices, inventory gains Indian Oil posted revenue from operations at Rs 2,05,283.03 crore, down 11.9 per cent in comparison to Rs 2,33,016.97 crore… October 31, 2023 15:35 IST
Stock exchanges slap fines on IOC, ONGC, GAIL for failure to meet listing regulations Oil India Ltd (OIL) said the non-compliance was beyond the control of the company as it is a government enterprise… August 27, 2023 12:40 IST
IndianOil sets sight on being ‘360-degree energy’ company; to invest Rs 4 lakh crore Its energy transition plans also include an EV charging network and infrastructure to enable electric vehicles to swap chargeable batteries. August 25, 2023 12:49 IST
Indian Oil Q1 profit jumps multifold to Rs 14,735.30 crore, revenue down 11.7% IOC posted revenue from operations during the quarter in review at Rs 2,25,410.49 crore, down 11.7 per cent as against… July 28, 2023 15:22 IST
Indian Oil signs LNG deals with TotalEnergies, ADNOC LNG The long-term LNG deals were signed during Prime Minister Narendra Modi’s visit to France last week. July 18, 2023 01:15 IST
Iran-US war LIVE updates: ‘Targeting of commercial shipping must cease’ – India strongly condemns attacks in Hormuz