SSV Ramakumar, Director, Research and Development and Business Development, IOC, told reporters that this is the highest spend in research and development by the company.
Sources said that water has accumulated near the boundary wall due to the incessant rains in the last few days.
Ankita Srivastava, corporate communication manager of IOCL said that the injured workers were rushed to Barauni Refinery Hospital and a private hospital.
In Mumbai, the petrol price is stable at Rs 107.26 per litre on Monday while diesel rates also remain unchanged at Rs 96.19 a litre.
These bonds were listed on the global securities market platform of India International Exchange (India INX) and debt securities market platform of NSE International Exchange
Designed seven years ago, the project will be set up on a 50-acre land at an estimated Rs 394 crore and completed by August 2023. The investment will be shared by BPCL, HCL and Indian Oil.
The investments will result in refining capacity expansion of over 25 million metric tonne per annum, Vaidya told the company’s shareholders at its annual general meeting.
IIT Bhubaneswar and Skill Development Institute joined hands to train unemployed and underprivileged youths with technical education relevant to the industry.
After the transport company owner found the water-filled cylinders in the truck, he lodged a complaint in Talpatia police outpost.
The training centre is equipped with tanks, valves, firefighting equipment, hoses, portable gas detectors and emergency control system to stimulate real-time action during an emergency.
The initiative was also launched at Tamil Nadu's Puzhal, Central Prison at Chanchalguda in Hyderabad and Central Prison at Poojappura in Thiruvananthapuram.
Indian Oil chairman Srikanth Madhav Vaidya inaugurated the project at Poojapura Central Jail on Sunday in which DGP(Prisons) Shaik Darvesh Saheb, Indian Oil chief general manager VC Asokan attended.
The joint venture, IndianOil Petronas Pvt Ltd can set up petrol pumps that will not just sell petrol, diesel or gas but also have electric vehicle charging and battery swapping points.
This profit, however, was lower by 32% compared to the preceding quarter due to the impact the second wave lockdowns had on mobility.
Indian Oil Corporation, India's largest oil refiner earned USD 6.58 on turning every barrel of crude oil into fuel in the April-June quarter.