Indian Oil

CPCL eyes petrochem biz as green energy consumption sees uptick

Rs 31,850-crore refinery in Nagapattinam to focus on petrochemicals if oil-based fuel demand declines.

published on : 7th September 2022

Cylinder booking across TN hit by technical snag

The Indian Oil Corporation said in a statement that the LPG booking and delivery system, managed by IBM India, has experienced an outage for the last two days and is currently under recovery.

published on : 7th September 2022

Bangladesh looking for Russian oil at discounted rates via India, in talks with Rosneft

Bangladesh is trying to buy cheap oil from Russia to reduce its crude bill and possibly routing the shipment via India. 

published on : 7th September 2022

Nepal seeks India's assistance to construct two more petroleum pipelines 

A 69-km-long petroleum pipeline between Motihari in Bihar and Amlekhgunj in Nepal's Bara district constructed with India's assistance is already in operation.

published on : 2nd September 2022

L&T secures contract of Rs 2,500-5,000 crore from IOCL

Earlier, L&T earlier bagged a significant contract for another project under the same P-25 project of IOCL at Panipat.

published on : 23rd August 2022

LIOC to soon invite bids for setting up retail outlets across Sri Lanka

The Ministry of Power and Energy has announced that Lanka IOC has been granted permission to open 50 new fuel stations islandwide. LIOC at present has 211 outlets.

published on : 10th August 2022

Indian Oil Corporation to transport fuel to Tripura via Bangladesh 

During the trial run, the IOC will transport three LPG tankers and seven tankers of petrol and diesel through Bangladesh from Guwahati.

published on : 9th August 2022

Indian Oil Company to expand operations in Sri Lanka 

However, the IMF programme has hit a snag in the form of restructuring of debt. Even the World Bank has refused to provide any aid until a detailed macroeconomic policy is in place.

published on : 8th August 2022

Indian Oil Corporation sees 66.46 per cent decline in net profit in Q1 FY23

This is the first quarterly loss reported by the company in the past two years. The company had posted a net profit of Rs 5,941.37 crore in the same period a year ago. 

published on : 30th July 2022

India, Sri Lanka likely to begin trading in Indian Rupee

Sources say since Ranil Wickremesinghe is viewed as a friend of India, there is every possibility of INR trading getting the go-ahead.

published on : 21st July 2022

Lanka IOC steps up fuel supplies; to maintain separate stockpile for ambulances

The company, which is a subsidiary of state-owned Indian Oil Corporation (IOC), is operating all its petrol pumps normally and is provisioning to meet the increased rush.

published on : 13th July 2022

Sri Lanka to get two fuel consignments in July: Lanka IOC

Fuel shortages have led to serpentine queues at retailers and with the end of the credit line worth USD 700 million granted by India, the pumps have run dry.

published on : 2nd July 2022

Lanka IOC head granted special residence visa to woo more foreign investments to crisis-hit country

The news on IOC boss Gupta's visa came as the LIOC had come to the fore since early this week as the only source of fuel for much hassled private vehicle owners.

published on : 1st July 2022

8 billion rubles of dividend income of Indian oil firms stuck in Russia

"About 8 billion rubles of dividend income belonging to the Indian consortium is left (in Russia)," he said. "It is not a very large sum of money."

published on : 28th May 2022

Crude oil leak from IOCL pipeline triggers panic

Oil spreads to farmland, traffic movement near site suspended   

published on : 27th May 2022

Roads dug up, Coimbatore corporation stops IOC’s pipeline work

The work is moving at snail's pace and has also damaged roads in several localities in the city, causing inconvenience to motorists. 

published on : 27th May 2022

Indian Oil appoints new executive director for TN, Puducherry

VC Asokan has taken over as the new executive director and state head of IndianOil for Tamil Nadu and Puducherry.

published on : 25th May 2022

IOC posts highest revenue by any Indian co, record profit in FY22

IOC reported a 31.4 per cent drop in the fourth quarter net profit as record refining margins were wiped away by a margin squeeze in petrochemicals and losses on auto fuel sales.

published on : 17th May 2022

TN’s first CNG retrofitting station in Coimbatore

“People can modify their petrol vehicles to CNG here. Factory-fitted CNG kits are also available for  cars and autorickshaws.

published on : 13th May 2022

Gadkari pitches for priority sector lending to entities engaged in alternative fuels

The Road Transport and Highways Minister further said the trial of bringing calorific value of ethanol at par with petrol by Indian Oil Corporation was successful.

published on : 2nd May 2022
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