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Rs 30,000 cr to be spent to revive 4 sick fertiliser units

Rs 30,000 cr to be spent to revive 4 sick fertiliser units

New Delhi, April 27 State-run units in the energy sector will jointly invest close to Rs 30,000 crore to revive four sick fertiliser plants by 2020-21 in order to make India self-sufficient in urea production and redu...

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Numaligarh Refinery signs MoU to import crude oil via Paradip port

Numaligarh Refinery signs MoU to import crude oil via Paradip port

Bhubaneswar, April 16 Numaligarh Refinery Ltd (NRL) on Sunday signed an MoU with Paradip Port Trust and Indian Oil Corporation for import of crude oil through Odisha's Paradip Port, an official statement said. ...

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India to lay diesel, gas pipelines to Bangladesh

India to lay diesel, gas pipelines to Bangladesh

New Delhi, April 13 India will build pipelines to carry diesel and natural gas to Bangladesh, Indian officials said on Thursday. ...

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IOCL to invest Rs 5,400 cr in Kerala

IOCL to invest Rs 5,400 cr in Kerala

Kochi, April 8 Indian Oil Corporation Ltd (IOCL) on Saturday said it will be investing Rs 5,400 crores on its various infrastructure projects in Kerala which will contribute significantly to the state's economy and it...

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Pradhan launches BS-IV grade fuel distribution across India

Pradhan launches BS-IV grade fuel distribution across India

Bhubaneswar, April 1 Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Saturday formally launched the BS-IV grade fuel distribution across the country on the occasion of Utkala Dibasa here. ...

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Three Sri Lankan ports that India could develop: Minister Ranatunga

Three Sri Lankan ports that India could develop: Minister Ranatunga

Dakhla (Morocco), March 30 Even as China is firmly entrenched in Sri Lanka's Hambantota port, the island nation has three other major ports -- Colombo, Trincomalee and Kankesanthurai -- where India could collaborate f...

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India, Russia discuss economic ties

India, Russia discuss economic ties

New Delhi, March 17 External Affairs Minister Sushma Swaraj and visiting Russian Deputy Prime Minister Yuri Trutnev on Friday discussed a wide range of issues pertaining to bilateral economic relations, official sourc...

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Cabinet nod for sale of 24% equity in Lubrizol India

Cabinet nod for sale of 24% equity in Lubrizol India

New Delhi, March 15 A Union Cabinet panel on Wednesday approved the sale of 24 per cent equity holding in Lubrizol India Private Ltd by state-run Indian Oil Corp to Lubrizol Corp. of US. ...

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Odisha withdrew tax sops to IOCL Paradip refinery: Oil Minister

Odisha withdrew tax sops to IOCL Paradip refinery: Oil Minister

Bhubaneswar, Feb 26 The politics over withdrawal of tax sops to IOCL's Paradip refinery got shriller as Union Petroleum Minister Dharmendra Pradhan on Sunday said BJP's surge in panchayat elections in Odisha was the r...

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Odisha withdrew tax sops to refinery due to BJP win: Minister

Odisha withdrew tax sops to refinery due to BJP win: Minister

Bhubaneswar, Feb 26 The politics over withdrawal of tax sops to IOCL's Paradip refinery got shriller as Union Petroleum Minister Dharmendra Pradhan on Sunday said BJP's surge in panchayat elections in Odisha was the r...

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IndianOil repairs section of Mathura-Jalandhar pipeline

IndianOil repairs section of Mathura-Jalandhar pipeline

New Delhi, Feb 25 State-run Indian Oil Corporation (IndianOil) on Saturday said that it has repaired and restored a section of its Mathura-Jalandhar pipeline where illegal tapping was detected. ...

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Nifty50 to exclude BHEL, Idea Cellular from March

Nifty50 to exclude BHEL, Idea Cellular from March

Mumbai, Feb 16 Stock exchange major, National Stock Exchange (NSE), on Thursday said that Bharat Heavy Electricals Ltd (BHEL) and Idea Cellular will be excluded from its benchmark Nifty50 index. ...

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New LPG connections under central scheme to resume soon: IOC official

New LPG connections under central scheme to resume soon: IOC official

Kolkata, Feb 15 Government-run oil marketing companies temporarily halted further release of new connections after meeting the target of 1.5 crore LPG connections under PMUJ in its first year -- but grant of new conne...

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CISF to switchover to cashless fuel procurement from Wednesday

CISF to switchover to cashless fuel procurement from Wednesday

New Delhi, Jan 31 The CISF on Tuesday initiated 'Fleet Management System' - the first-ever cashless mode of fuel procurement by any Central Armed Police Forces (CAPFs)- in collaboration with the IOCL to save an estima...

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Indian Oil Q3 net jumps 29% on more margins, inventory gain

Indian Oil Q3 net jumps 29% on more margins, inventory gain

New Delhi, Jan 31 State-run Indian Oil Corporation (IOC) on Tuesday posted a 29 per cent increase in its net profit for the third quarter ended December 2016 at Rs 3,994.91 crore, buoyed by higher refinery margins and...

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Cashless transactions in IOC petrol pumps rise to 27% in Bengal

Cashless transactions in IOC petrol pumps rise to 27% in Bengal

Kolkata, Jan 17 Cashless transactions in petrol pumps of Indian Oil Corporation in West Bengal have increased by more than double after demonetisation, a company official said on Monday. ...

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Moody's retains rating on Indian oil firms

Moody's retains rating on Indian oil firms

New Delhi, Jan 5 Moodys Investor Service on Thursday retained its Baa3 rating for all three state-run Indian oil marketing companies (OMCs) on the basis of continued improvement in their credit metrics. ...

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IOC fuel outlets in Kerala migrate to cashless payment mode

IOC fuel outlets in Kerala migrate to cashless payment mode

Chennai, Dec 29 Oil major Indian Oil Corporation (IOC) said on Thursday that all its fuel outlets in Kerala have moved to 100 per cent cashless payment mode. ...

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TN CM's office burnt midnight oil to meet cyclone: IOC

TN CM's office burnt midnight oil to meet cyclone: IOC

Chennai, Dec 28 The office of Tamil Nadu Chief Minister worked late at night on December 11 to chalk out plans to meet any contingencies that might arise due to cyclone Vardah that would cross the next day, state-run ...

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Manipur mess chokes fuel supply to Tripura, Mizoram

Manipur mess chokes fuel supply to Tripura, Mizoram

Agartala/Aizawl, Dec 23 Maintaining fuel supplies to trouble-torn Manipur has led to a shortage of petrol, diesel and cooking gas supply to two other states - Tripura and Mizoram, officials said on Friday. ...

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