| Contact Details |
| Corparate Office: |
3079/3,
J B Tito Marg, Sadiq Nagar
New Delhi, DH, 110049
Phone : +91-11-26260000
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| News |
Indian Oil plans to procure biogas, sell it at retail outlet
Posted on 30th August 2019 |
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IOC plans giving a big boost to the compressed biogas business by procuring biogas from across India and selling it at its retail outlets, as part of India’s strategy to reduce dependence on imported fuel and double farm income by 2022. Biogas, produced naturally through anaerobic decomposition from waste or biomass sources like agriculture residue, cattle dung, sugarcane press mud and solid waste, also provides an additional source of income to farmers. Read More |
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Indian Oil plans alumina-based batteries for e-vehicles
Posted on 29th August 2019 |
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With an aim to defy the future dependency on China with regard to procurement of lithium, Indian Oil Corporation (IOCL) is all set to announce an alumina-based battery, which will be used for running the electric vehicles. The company executives said that a foreign company has been roped as a partner for development and research of the technology, and will introduce it in the market once all the regulatory and other approvals are in place. Read More |
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IOC to invest Rs 2 lakh cr to expand operations
Posted on 14th August 2019 |
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The country’s biggest oil firm Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain leadership position, its Chairman Sanjiv Singh said. The plan is to almost double its oil refining capacity to 150 million tonnes per annum, expand fuels and LPG retailing network, jack up petrochemical production capacity and produce more crude oil and gas. Read More |
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Analyst corner: Maintain ádd’ on Indian Oil, revised TP Rs 156
Posted on 6th August 2019 |
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The first quarter Ebitda at `8,400 crore and PAT at `3,600 crore were significantly higher than our/street estimates on higher-than-expected GRM and inventory gains (against inventory loss expectations) as some of the crudes in its slate had higher price by quarter end. The management is confident of benefiting from IMO-regulation led rise in GRM (more so at Paradip refinery) and expects current marketing EBITDA levels to sustain in FY20. Read More |
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IOC net drops 47% in Q1 as refinery margins slump
Posted on 1st August 2019 |
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State-owned Indian Oil Corp (IOC) on Wednesday reported a 47% drop in its first quarter net profit due to a slump in refinery margins. The company reported a consolidated net profit of Rs 3,737.50 crore during the quarter ending June 2019, as compared to a net profit of Rs 7,092.42 crore during the corresponding period last year, the company said in a regulatory filing. Read More |
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