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IOC raises oil import from Latin America to cut costs

Last Updated: Thursday, August 27, 2015, 17:17

IOC, the nation's biggest oil firm, spent Rs 1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15.

IOC settles with marginal gains on NSE

Last Updated: Wednesday, August 26, 2015, 17:25

Shares of IOC Wednesday settled for the day with marginal gain of 0.28 percent on the National Stock Exchange, in an otherwise volatile market.

Indian Oil stake sale full subscribed; govt bags Rs 9,300 crore

Last Updated: Monday, August 24, 2015, 17:03

The IOC share sale was pulled off by demand from institutional investors who bid for 27.85 crore shares, against 19.42 crore shares on offer. The portion was subscribed 1.43 times.

Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday

Last Updated: Friday, August 21, 2015, 18:35

In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.

RIL loses most profitable tag again, this time to IOC

Last Updated: Sunday, August 16, 2015, 19:00

Within two quarters of losing its 23-year-old reign as the country's most profitable company to TCS in the December quarter, Reliance Industries was again humbled in the June quarter, this time by Indian Oil.

IOC to invest Rs 1,000 cr to raise stake in CPCL

Last Updated: Monday, July 20, 2015, 22:06

State-owned Indian Oil Corp will invest Rs 1,000 crore for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue.

FinMin mulling transferring stake in divestment-bound oil PSUs

Last Updated: Monday, July 20, 2015, 21:31

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

Haryana approves IOC project at Faridabad

Last Updated: Wednesday, June 24, 2015, 18:40

The Haryana government has approved the proposal of Indian Oil Corporation Limited (IOCL) for setting up research and development project at Faridabad.

GAIL, IOC sign pact to join Adani Group's Dhamra LNG project

Last Updated: Wednesday, May 13, 2015, 18:47

State-run gas utility GAIL India Ltd and refiner Indian Oil Corp (IOC) Wednesday signed an initial pact to join Adani Group-promoted Rs 5,000-crore Dhamra LNG project in Odisha.

SBI, IOC, 9 other Indian firms in Forbes Global 2000 list

Last Updated: Wednesday, May 6, 2015, 22:42

Eleven Indian companies figure in Forbes magazine`s annual list of the world`s biggest companies, with China landing five of the top 10 spots for the second year in a row.

IOC's Paradip refinery's up and running

Last Updated: Monday, April 27, 2015, 18:19

Commissioning its Rs 34,555-crore Paradip oil refinery in Odisha, state-owned Indian Oil Corporation (IOC) Monday said it will start full-fledged production by the end of the year.

IOC starts up 300,000 bpd Paradip refinery: Sources

Last Updated: Sunday, April 26, 2015, 22:15

Output from the $5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.