aviation
  • IOC profit zooms to Rs 21,836 cr in FY21
    Business Line, Delhi   20-May-2021
    • Indian Oil Corporation Ltd (IOC) on Wednesday reported a nearly seventeen-fold rise in standalone net profit to Rs 21,836 crore for the financial year ended March 31,2021.
  • IOC to supply oxygen to hosps in Delhi, Hry, Punjab
    Millennium Post, Delhi   20-Apr-2021
    • After Reliance Industries Ltd, state-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) have begun diverting oxygen produced at their refineries to supplement the availability of medical oxygen in states worst hit by COVID-19.
  • Our automation strategies got a boost in last 1 yr:IOC chief
    Financial Express, Delhi   03-Apr-2021
    • he Indian Oil Corporation managed to run its refineries at optimal levels and ensured retail fuel outlets had sufficient supplies during the Covid-19 crisis. Shrikant Madhav Vaidya, chairman, tells FE’s Anupam Chatterjee the company is adapting to new market realities through petrochemicals integration in its refineries and scale-up of renewables and other alternative fuel options. Excerpts:
  • IndianOil, Israeli company form JV to manufacture metal-air batteries for EVs
    Millennium Post, Delhi   18-Mar-2021
    • State-owned Indian Oil Corporation (IOC) and Israeli battery developer Phinergy on Wednesday formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs), a venture that got its first customers in Maruti Suzuki and Ashok Leyland.
  • IndianOil helps strengthen India's vaccination drive
    Pioneer, Delhi   15-Mar-2021
    • Indian Oil Corporation Limited (IndianOil) has leveraged its expertise and reach to bolster India's COVID-19 vaccination programme by supplementing the available Cold Chain Equipment (CCE) infrastructure in the four States of Jammu & Kashmir, Tamil Nadu, Bihar and Manipur, for the storage & transportation of vaccine.
  • PM lays stone for Nagapattinam refinery
    Times of India, Chennai   18-Feb-2021
    • Prime Minister Narendra Modi on Wednesday laid the foundation stone for the Cauvery basin refinery in Nagapattinam district and also dedicated Indian Oil Corporation’s 143-km-long natural gas pipeline from Ramanathapuram to Tuticorin to the nation through videoconferencing.
  • PM to dedicate 2 oil and gas projects in TN to the nation
    New Indian Express, Chennai   16-Feb-2021
    • Prime Minister Narendra Modi will dedicate the Ramanathapuram - Thoothukudi natural gas pipeline and Gasoline desulfurization unit at Chennai Petroleum Corporation Limited to the nation on Wednesday.
  • Green Drive: IOC plans hydrogen production units
    Business Line, Delhi   09-Feb-2021
    • Oil refiner and petroleum products retailer, Indian Oil Corporation, plans to set up several hydrogen production units on pilot basis, testing out different pathways of producing the gas.
  • All- woman crew in Ladakh runs LPG plant that Army depends on
    Times of India, Delhi   31-Jan-2021
    • Every morning, Tsering Angmo leaves her two-year-old son with neighbours and commutes 20 km a frozen landscape from her home in Choglamsar, a settlement near Leh, to work at Ladakh’s only LPG bottling plant near Leh.
  • IOC profit doubles in Q3 on inventory gains
    Millennium Post, Delhi   30-Jan-2021
    • Indian Oil Corporation (IOC) on Friday said its December quarter net profit more than doubled to Rs 4,916.59 crore as rising oil prices yielded inventory gains and a rise in petrochemical margins.
  • N corpn, IOC ink pact for integrated WTE facility
    Times of India, New Delhi   20-Jan-2021
    • North Delhi Municipal Corporation has signed a memorandum of understanding (MoU) with Indian Oil Corporation (IOC), on development of integrated waste-to-energy facility, on Tuesday.
  • MN Dastur co joins US study on carbon capture at IOC unit
    Times of India, Kolkata   26-Dec-2020
    • City-based Dastur Energy Inc, along with Dastur International and MN Dastur (MND) & Co, is set to carry out a feasibility study at the 13.7 mtpa Koyali Refinery of Indian Oil Corporation (IOCL) in January, 2021. Dastur International is an independent company under the MND family.
  • IOC to buy 15 hydrogen buses for Delhi
    Financial Express, Delhi   26-Dec-2020
    • To give a fillip to India's push to usher in a hydrogen-based mobility solutions ecosystem, Indian Oil Corporation (IOC) plans to buy 15 buses that can run on hydrogen fuel.
  • IOC lube plant to boost development in eastern region: Pradhan
    The Times of India, Delhi   19-Dec-2020
    • A state-of-the-art lubricants plant built at Kolkata by the country’s largest oil refiner and fuel retailer IndianOil Corporation will be a game-changer for the development of eastern India, oil minister Dharmendra Pradhan said on Saturday.
  • IOC Chairman conferred with honorary fellowship
    Millennium Post, Delhi   19-Dec-2020
    • Chairman IndianOil, Shrikant Madhav Vaidya has been conferred with the Honorary Fellowship by the Centre for Excellence in Project Management (CEPM).
  • Green Drive
    Business India, Delhi   09-Dec-2020
    • The oil major comes up with another social initiative for a clean and green world.
  • Govt asks IOC to prepare asset sale plan
    Free Press Journal, Delhi   08-Dec-2020
    • The government has asked state-owned refining major Indian Oil Corp Ltd to prepare an asset monetization plan and get it approved by the Department of Investment and Public Asset Management by the end of
  • IOC launches first 100 Octane petrol
    Statesman, Delhi   02-Dec-2020
    • Indian Oil Corporation (IOC) on Tuesday launched the nation's first 100 Octane petrol, helping India join a select league of nations globally that have such superior quality fuel.
  • IOC, HPCL go to ‘high octane’ war
    Times of India, Delhi   02-Dec-2020
    • IndianOil and HPCL have launched a high-octane war - literally - with super-premium petrol to corner the expanding niche of high-performance supercars and superbikes as competition promises to intensify with the imminent privatisation of Bharat Petroleum.
  • IOC launches India`s 1st 100 Octane petrol
    Millennium Post, Delhi   02-Dec-2020
    • Indian Oil Corporation (IOC) on Tuesday launched the nation's first 100 Octane petrol, helping India join a select league of nations globally that have such superior quality fuel.
  • Indian oil successfully tests innovative technology
    Times Of India, Delhi   27-Nov-2020
    • In a bid to promote electric mobility in the country, Indian Oil Corporation Ltd. has successfully conducted a “Proof of Concept” feasibility study on “Zero-Emission Electric Mobility” at one of its fuel stations in Bengaluru.
  • Three Cheers for IndianOil`s #TreeCheers
    Business Line, Delhi   27-Nov-2020
    • IndianOil's #TreeCheers campaign, aimed at promoting environmental consciousness and boosting the country's green cover, has received an enthusiastic response, making it a huge success.
  • Subsidised consumers of LPG with BPCL to be moved to IOC, HPCL
    Financial Express, Delhi   26-Nov-2020
    • With the Centre making progress in the process of privatisation of fuel retailer-cum-refiner BPCL, the petroleum ministry will soon seek Cabinet nod for a process to transfer subsidised LPG customers from the company to other state-run retailers Indian Oil and Hindustan Petroleum Corporation to remove a potential irritant for the buyer.
  • N corpn ties up with IOC for WTE plant
    Times Of India, Delhi   26-Nov-2020
    • During a meeting of its standing committee on Wednesday, North Delhi Municipal Corporation approved a proposal for setting up a second waste-toenergy plant at Ranikhera after signing a memorandum of understanding (MoU) with Indian Oil Corporation limited.
  • IOC to plant 2.26 lakh trees under #TreeCheers initiative
    Millennium Post, Delhi   18-Nov-2020
    • State-owned Indian Oil Corp (IOC) on Tuesday said it will plant 2.26 lakh trees, equivalent to the number of new vehicles that refuelled at its petrol pumps under the #TreeCheers campaign between November 12 to 16.
  • State-run oil marketing cos to focus on Bharat to boost sales
    Mint, Delhi   17-Nov-2020
    • State-run oil marketing companies (OMCs), including Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL), will set up 6,000 fuel retail outlets this fiscal year with a major focus on rural and semi-urban areas, besides highways, as sales in urban areas have stagnated, said OMC officials.
  • Start ups show interest in doorstep diesel delivery
    Business Standard, Delhi   12-Nov-2020
    • State-run oil-marketing companies - Indian Oil Corporation (IndianOil), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) - have received expressions of interest (EoIs) from 355 start-ups across the country for doorstep delivery of fuel.
  • IOC launches environment protection initiative #TreeCheers
    Millennium Post, Delhi   12-Nov-2020
    • In a bid to promote environment protection, Indian Oil Corporation (IOC) has launched a unique initiative — #TreeCheers. Under this initiative, IOC will plant a sapling on behalf of patrons who refuel their new vehicles from Indian Oil petrol pumps between November 12 and 16, 2020.
  • IOC director A K Singh to head Petronet LNG
    Financial Express, Delhi   09-Nov-2020
    • Indian Oil Corp (IOC) director-pipelines Akshay Kumar Singh will be the new managing director and chief executive of the country''s biggest gas importer, Petronet LNG Ltd.
  • Urea to dairy,an old industrial capital scripts a revival story
    Indian Express, Delhi   03-Nov-2020
    • Bihar, for long, has been a graveyard of industry. Those searching for a glimmer of hope, though, needn’t look beyond Barauni town in Begusarai district. Billed as Bihar’s “industrial capital” – voting for the state assembly polls here is on November 3 – it is actually witnessing a resurgence of sorts.
  • IOC says no plan for share buyback as of now
    Millennium Post, Delhi   03-Nov-2020
    • State-owned Indian Oil Corporation (IOC), India's top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on Monday.
  • India's Oct gasoline, gasoil sales exceed pre-covid levels
    Millennium Post, Delhi   02-Nov-2020
    • India's gasoil consumption in October rose 6.6% from a year earlier, the first such increase since Covid-19 restrictions were imposed in late March, preliminary data showed on Sunday, signalling a pick-up in industrial activity.
  • BIS celebrates World Standards Day
    Pioneer, Delhi   22-Oct-2020
    • Bureau of Indian Standards (BIS), the national standards body, celebrated the World Standards Day on October 14.
  • CPCL reports net profit of Rs 291 cr in Sept quarter
    Financial Express, Delhi   22-Oct-2020
    • Chennai Petroleum Corporation (CPCL), an IndianOil comapany has reported a net profit of Rs 290.58 crore for the second quarter of FY21 against a net loss of Rs 212.97 crore in the corresponding quarter of last fiscal.
  • ONGC, IOC raise Rs3, 140 cr in debt
    Pioneer, delhi   21-Oct-2020
    • State-owned Oil and Natural Gas Corp (ONGC) and Indian Oil Corp (IOC) have raised Rs 3,140 crore in debt to meet business expenses.
  • IOC to offer differentiated fuels, hydrogen-spiked CNG
    Millennium Post, Delhi   20-Oct-2020
    • India's top oil firm IOC is remodelling business with an increased focus on petrochemicals to hedge volatility in the fuel business, while at the same time turning petrol pumps into energy outlets that offer EV charging points and battery swapping options besides conventional fuels as it looks to make itself future-ready.
  • Oil PSUs to float website to promote Aatmanirbhar Bharat
    Millennium Post, Delhi   15-Oct-2020
    • Public sector oil companies such as IOC and ONGC will launch a portal to provide information on their capital goods requirements to domestic industry in line with the government’s Aatmanirbhar Bharat campaign.
  • Oil PSUs asked to build 50,000 houses for renting
    Asian Age, Delhi   12-Oct-2020
    • The petroleum ministry has asked oil PSUs such as Indian Oil Corp (IOC) to build 50,000 houses for renting to migrant workers as part of government plan to develop affordable rental housing after millions of labourers fled cities for villages amidst coronavirus lockdown.
  • Hydrogen CNG, biogas: The many faces of new auto fuel
    Business Standard, Delhi   29-Sep-2020
    • Three days after the Centre notified bio-cng and hydrogen-cng (HCNG) as automotive fuels, Coal India on Monday announced that it issued a tender for coal-to-menthol projects.
  • IOC mulls deferring expansion projects to sync them with demand
    Statesman, Delhi   28-Sep-2020
    • India's top oil firm IOC is looking to defer some of its refinery expansion projects to sync them with changes in demand patterns resulting from the pandemic and a gradual rise in the use of cleaner fuels, its chairman Shrikant Madhav Vaidya said.
  • IOC to launch cost-effective aluminium-air batteries for EVs
    Financial Express, Delhi   28-Sep-2020
    • State-run Indian Oil Corporation (IOC) is planning to launch first-of-its-kind aluminium-air batteries that are potentially a more cost-effective alternative to lithium-ion batteries for use in electric vehicles (EV) and stationary applications.
  • IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project
    Millennium Post, Delhi   23-Sep-2020
    • Indian Oil Corporation (IOC), the nation's top oil firm, on Tuesday said it will invest Rs 17,825 crore in raising the capacity of its Gujarat refinery as well as setting up a petrochemical plant at the unit as part of plans for upscaling petchem business to protect margins.
  • IOC to review expansion plans, bets on petchem
    Business Standard, Delhi   22-Sep-2020
    • State-run Indian Oil Corporation (IOC) on Monday said it will review all its greenfield expansion projects in the refining segment, with the Covid-19 pandemic impacting fuel demand.
  • Demand for petrol returns to pre-Covid-19 leves
    Millennium Post, Delhi   18-Sep-2020
    • India's petrol sales rose for the first time in the first half of September since the country’s lockdown in late March, signalling demand may have returned to pre-COVID-19 levels.
  • APPEC: India's refining expansion far from over despite energy transition: IOC chairman
    S&P Global Platts, Singapore   15-Sep-2020
    • India's exponential growth in energy demand in coming years will mean the country will still need to expand oil refining capacity, while embracing cleaner fuels like natural gas, hydrogen and renewables, Shrikant Madhav Vaidya, chairman of Indian Oil Corp, told the S&P Global Platts Asia Pacific Petroleum Virtual Conference Sept. 14.
  • EAC reviews CPCL's 9.0 MMTPA TN project
    Pioneer, Delhi   14-Sep-2020
    • The Expert Appraisal Committee has reviewed CPCL's proposed 9.0 MMTPA project in Nagapattinam in the State and has sent its recommendations for clearance from the Environment Ministry, a top company official has said.
  • India to have 220 GW renewable energy capacity by 2020, says PM
    Millennium Post, Delhi   09-Sep-2020
    • Prime Minister Narendra Modi on Tuesday exuded confidence that India will increase its existing clean energy capacity of 134 GW to 220 GW by 2022 and stressed on reducing tariffs further through technological advancements.
  • IOC to invest Rs 1.2 cr to set up coker unit ar Paradip
    Financial Express, Delhi   02-Sep-2020
    • State-owned Indian Oil Corp (IOC) on Tuesday said its board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha.
  • OMCs benefit from high margins
    Mint, Delhi   28-Aug-2020
    • Higher market margins have helped oil marketing companies, including Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL), offset weaker fuel sales and historically low refining margins in the June quarter, helping them post strong operating profits.
  • IOC to expand Barauni refinery as part of Rs 2.05 lakh cr projects
    Millennium Post, Delhi   28-Aug-2020
    • State-owned Indian Oil Corp (IOC) on Thursday said it is investing Rs 14,800 crore in expanding the capacity of its Barauni refinery in Bihar as part of over 2,800 projects being executed under the Aatmanirbhar Bharat campaign to boost domestic manufacturing and create jobs.
  • Refinery throughput continues to rise in July, production up at 19 MT
    Millennium Post, Delhi   26-Aug-2020
    • In signs of demand inching up post relaxation of lockdown, Indian oil refineries produced 3.5 per cent more fuel in July when compared to the preceding month but the production was still nearly 14 per cent lower than pre-COVID-19 levels.
  • Indian Oil Corp nears first Mauritius fuels export deal
    Millennium Post,Delhi   20-Aug-2020
    • Indian Oil Corp, the country's top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said.
  • IndianOil board's nod for Rs 13,805 cr integrated PX-PTA complex in Odisha
    Statesman, Delhi   11-Aug-2020
    • The IndianOil Board has given its go-ahead for the implementation of an Integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Odisha, at an estimated investment of Rs 13,805 crore at the Board meeting held here today. The PX-PTA complex shall be integrated with IndianOil's Paradip Refinery, which is operational since 2015.
  • Strong underlying showing in quarter
    Financial Express, Delhi   10-Aug-2020
    • Elevated marketing margins to offset refining weakness; FY21-22e EPS cut by 2%; ‘Buy’ retained with TP of Rs 110.
  • IndianOil profit plunges 47% in April-June
    Mail Today, Delhi   01-Aug-2020
    • Indian Oil Corporation Ltd (IOC), the nation's biggest oil firm, on Friday reported a 47 per cent drop in its June quarter net profit as coronavirus pandemic pummelled fuel demand and shrank refinery margins.
  • IOC reports net profit of Rs 1,911 crore for 1st qtr
    Millennium Post, Delhi   01-Aug-2020
    • IndianOil reported Revenue from Operations of Rs 88,937 crores for the first quarter of Financial Year 20-21 as compared to Rs 1,50,137 crores in corresponding period of Financial Year 19-20.
  • IndianOil board gives nod for Rs 13,805 cr PX-PTA complex
    Millennium Post, Delhi   01-Aug-2020
    • The IndianOil Board has given its go-ahead for the implementation of an Integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Odisha, at an estimated investment of Rs 13,805 crore at the Board meeting held here today. The PX-PTA complex shall be integrated with IndianOil's Paradip Refinery, which is operational since 2015.

  •   29-Jul-2020
  • IndianOil and Total to jointly produce bitumen derivatives
    Mint, Delhi   28-Jul-2020
    • Indian Oil Corporation (IOCL), and French energy major Total, have entered into an equal joint venture to manufacture and market bitumen derivatives and specialty products for the growing road-building industry in India.
  • IOCL & Total form JV to make, market bitumen derivatives
    Financial Express, Delhi   28-Jul-2020
    • State-run oil refining and marketing company Indian Oil (IOCL) has formed a joint venture (JV) with Paris-based energy firm Total for the manufacturing and marketing of bitumen derivatives for the road construction industry.
  • IndianOil inks JV with France's Total
    Times of India, Delhi   28-Jul-2020
    • IndianOil on Monday announced an equal joint venture (JV) with French energy major Total for manufacturing speciality bitumen derivatives with an eye on the country’s rapid expansion of road infrastructure, including the Rs 5-lakh-crore ‘Bharatmala’ project.
  • IOC, Total form joint venture to produce bitumen derivatves
    Millennium Post, Delhi   28-Jul-2020
    • French energy giant Total SA and the country's top oil firm Indian Oil Corp (IOC) on Monday announced a 50:50 joint venture to manufacture and market high-quality bitumen derivatives and specialty products for the growing road-building industry in India.

  •   24-Jul-2020
  • Refinery throughput continues to rise in June
    Millennium Post, Delhi   24-Jul-2020
    • Indian refineries continued to raise crude oil processing to make fuel in June, with over 8 per cent rise in throughput over the previous month, in signs of revival in economic activities after easing of lockdown restrictions.
  • OMCs invite start-ups to deliver diesel at doorstep
    Business Standard, Delhi   22-Jul-2020
    • In what might be the UberOla moment for fuel retail in India, oil marketing companies (OMCS) are planning to rope in start-ups or Fuelents (fuel entrepreneurs) for doorstep delivery of high-speed diesel (HSD) through mobile petrol pumps. This move is expected to help garner around Rs 9,000 crore of investments, according to industry experts.

  •   20-Jul-2020
  • Oil & gas cos hedge bets with investments in green energy
    Indian Express, Delhi   12-Jul-2020
    • With an eye on revenue diversification, future-readiness, and pre-empting potential government regulation on carbon emissions, oil & gas companies — both Indian and global — are increasing investments in green energy.
  • Pilferage: Drones to keep vigil on Mathura-Jalandhar oil pipelines
    Hindustan Times, Delhi   12-Jul-2020
    • Alarmed over activities of the organised gangs of oil thieves, the Indian Oil Corporation (IOC), nation’s largest public-sector oil corporation, is set for aerial surveillance of the underground pipelines in the strategically significant Mathura-Jalandhar region.
  • IndianOil resumes work on Rs 1.04 lakh cr worth projects
    Statesman, Delhi   13-Jul-2020
    • Indian Oil Corporation (IOC), the nation's biggest oil firm, on Wednesday said with easing of lockdown restrictions, it has resumed work on projects worth Rs 1.04 lakh crore which will help address future energy demand as well as kickstart the economy. IOC said it is on track to achieve its planned capital spending of Rs 26,143 crore in the fiscal to March 2021, but future capex depends on long-term demand potential in the country.
  • IOC bets big on digital change to retain biz in post-Covid era
    Times of India, Delhi   06-Jul-2020
    • State-run Indian Oil (IOC) is betting big on mobile computing, a lean, digital-savvy workforce and new-age offerings such as natural gas, hydrogen as well as electric mobility to reshape its leadership role in the post-pandemic “new normal” of India’s energy market, according to chairman Shrikant Madhav Vaidya.
  • Oil & gas: OMCs set to start FY21 with a bang in 1st quarter
    Millennium Post, Delhi   10-Jul-2020
    • The Covid-19 demand suppression in early part of the year is likely to abate for oil marketing companies, now with state-run companies — IOC, HPCL and BPCL making a strong beginning to FY21 returning high levels of earnings per share between 37 and 266 per cent in three months, ICICI Securities has said in a report.
  • IndianOil lays out Rs 26,143 cr capex plan for FY21
    Hindustan Times, Delhi   09-Jul-2020
    • State-run Indian Oil Corporation (IOC), India’s biggest fuel retailer, has ramped up works in 336 projects worth Rs 1.04 lakh crore immediately after the nationwide lockdown was eased and is likely to achieve the Rs 26,143 crore capex target in the current financial year.
  • IndianOil resumes work on projects worth Rs 1.04-lakh crore
    Millennium Post, Delhi   09-Jul-2020
    • Indian Oil Corporation (IOC), the nation's biggest oil firm, on Wednesday said with easing of lockdown restrictions, it has resumed work on projects worth Rs 1.04 lakh crore which will help address future energy demand as well as kickstart the economy.
  • Govt prods PSUs to step up capex to revive eco growth
    Times of India, Delhi   08-Jul-2020
    • Finance minister Nirmala Sitharaman on Tuesday sought to push capital expenditure by the country’s top public sector companies, as part of the government’s drive to boost investment in the economy and revive growth.
  • IOC ONGC other PSUs implementing Rs 3.57-trn projets
    Business Standard, Delhi   07-Jul-2020
    • Oil PSUs such as IOC and ONGC are implementing about Rs 3.57 lakh crore worth of projects across the entire hydrocarbon value chain that will further enhance energy accessibility
  • IOC, ONGC, others executing projects worth Rs 3.57L crore
    Millennium Post, Delhi   07-Jul-2020
    • Oil PSUs such as IOC and ONGC are implementing about Rs 3.57 lakh crore worth of projects across the entire hydrocarbon value chain that will further enhance energy accessibility, create jobs and boost the economy, the Petroleum Ministry said on Monday.
  • IOC bets big on digital change to retain biz in post-covid era
    Times of India, Delhi   06-Jul-2020
    • State-run Indian Oil (IOC) is betting big on mobile computing, a lean, digitalsavvy workforce and new-age offerings such as natural gas, hydrogen as well as electric mobility to reshape its leadership role in the post-pandemic “new normal” of India’s energy market, according to chairman Shrikant Madhav Vaidya.
  • IOC gets new chairman
    New Delhi   02-Jul-2020
    • Shrikant Madhav Vaidya has taken over as the chairman of Indian Oil Corporation Ltd. He will also be the chairman of Chennai Petroleum Corporation Ltd, a stand-alone refining subsidiary of IndianOil and Indian Oiltanking Limited.
  • Okhla landfill to churn out power SDMC inks pact with NTPC IOC
    Times of India, Delhi   01-Jul-2020
    • South Delhi Municipal Corporation will use the Okhla landfill site’s garbage to produce syn gas—a hydrogen-based fuel— which will be later used to generate electricity. An MoU to set up a pilot project with a capacity to treat 50 tonnes of garbage per day was signed between the civic body, Indian Oil and NTPC on Tuesday.
  • IOC arm forms JV for LPG business in Bangladesh
    Statesman, Delhi   01-Jul-2020
    • State-owned Indian Oil Corp (IOC) today said it has set up a joint venture with Bangladesh''s RR Holdings Ltd for LPG business in the neighbouring country.
  • Indian Oil plans JV in Bangladesh
    Mail Today, Delhi   01-Jul-2020
    • Indian Oil Corporation, the country’s biggest refiner and fuel retailer, will form an equal joint venture with RR Holdings Ltd, the parent firm of Bexmico, for liquefied petroleum gas in Bangladesh, it said in a statement
  • Demand for petrol diesel reach 89% of normal in May June
    Sunday Guardian, Delhi   29-Jun-2020
    • The worst phase for oil marketing companies may be over due to smart recovery in the sales of both petrol and diesel in May and June, with India gradually unlocking itself from the lockdowns imposed to contain COVID-19 spread.
  • IOCL sets up PADC for polymer industry in Odisha
    Millennium Post, Delhi   26-Jun-2020
    • In a bid to facilitate the growth of polymer industry in Odisha and eastern India, Indian Oil Corporation Ltd has set up a Product Application and Development Centre (PADC) in Paradip.
  • In a first diesel costlier than petrol in Delhi
    Business Standard, Delhi   25-Jun-2020
    • In a first, diesel in Delhi became costlier than petrol on Wednesday. The price of diesel was increased to a historic high of Rs 79.88 per litre.
  • VAT hike makes diesel costlier than petrol in Delhi: IOC
    Hindustan Times, Delhi   25-Jun-2020
    • Diesel price for the first time in living memory crossing the rate of petrol in the national capital on Wednesday was a result of a steep hike in VAT by the state government, Indian Oil Corp (IOC) Chairman Sanjiv Singh said, pointing to lower rates across other cities.
  • Fuel prices set to rise futher due to high taxes hint IOC chief
    Times of India, Delhi   25-Jun-2020
    • Fuel prices are likely to be raised further as the gap between domestic pump prices and international benchmarks are yet to be closed but high taxes are pushing rates to record levels, Sanjiv Singh, chairman of India’s largest refiner-retailer, IndianOil, said on Wednesday.
  • Centre to include CBG under priority sector lending :Min
    Millennium Post, Delhi   24-Jun-2020
    • The Centre is in the process of including compressed bio-gas (CBG) in the priority sector of lending to ensure ease of financing the setting up of CBG plants in the country, Union Minister Dharmendra Pradhan said on Tuesday.
  • OMCs switch to diesel at ATF demand falters
    Mint, Delhi   24-Jun-2020
    • India’s three state-owned refiners have changed their refining configurations, replacing aviation turbine fuel with diesel in a reflection of the troubles faced by the airlines industry.
  • Oil giants urged to use local steel in new projects
    Mail Today, Delhi   17-Jun-2020
    • The government has asked domestic oil and gas companies to raise the share of domestically manufactured steel they use in future infrastructure projects worth thousands of crores to reduce the country’s dependence on imports, spur economic growth and create jobs.
  • Interview: IOC may cut optional crude volumes, defer LNG imports: chairman
    Singapore   18-May-2020
    • Singapore — State-run Indian Oil Corp. may cut inflows of optional crude volumes under term contracts as well as ask its LNG term cargo suppliers to defer shipment schedules, as an extended lockdown takes a toll on domestic consumption, chairman Sanjiv Singh told S&P Global Platts in an exclusive interview.
  • IOC lifts crude throughputs, production across Indian refining system
    Oil & Gas Journal, Delhi   14-May-2020
    • Indian Oil Corp. Ltd. has restarted several processing units at its refineries as demand for finished petroleum products gradually continues to increase in the wake of India’s countrywide lockdown instituted in March to curb the outbreak of coronavirus (COVID-19).
  • IOC plans to scale up production
    Asian Age, New Delhi   13-May-2020
    • With the demand for petroleum products picking up, state-owned oil retailer Indian Oil Corporation is planning to scale up to 80 per cent of the design levels by the month-end.
  • Jet fuel price slashed by steep 23%, costs 1/3rd of petrol, diesel
    Millennium Post, Delhi   04-May-2020
    • Jet fuel (ATF) prices have been slashed by a steep 23 per cent in line with a slump in international oil prices and it now costs about one-third of petrol and diesel whose rates continue to be frozen for the 50th day on Sunday.
  • State refiners fill up strategic reserves with spare crude oil
    Business Standard, Delhi   01-May-2020
    • Spare crude oil from state-owned refiners is helping India fill up its strategic storage capacity of 5.33 million tonnes (mt). The storage facilities at Mangaluru and Padur in Karnataka, and Visakhapatnam in Andhra Pradesh are likely to reach full capacity by the end of May.
  • 'OMCs' gross profit on retail fuel sales to rise 60% in Q1FY21'
    Financial Express, Delhi   28-Apr-2020
    • With retail prices of petrol and diesel remaining unchanged since March 16 despite falling crude prices, auto fuel margins of state-run oil marketing companies (OMC) nearly tripled to Rs 14.72 per litre in the same period, analysts noted.
  • Oil price collapse in US not to lead to any big drop in fuel prices in India
    Millennium Post, Delhi   22-Apr-2020
    • The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.
  • 'Testing' times for top Indian shuttlers
    Times of India, New Delhi   20-Apr-2020
    • With the court out of bounds and the racquet resting, some of India's top shuttlers have gone back to studies to prepare for an online assessment test, which will be conducted by their employer, Indian Oil Corporation (IOC).
  • 1.5 cr free LPG cylinders given to poor: Pradhan
    Millennium Post, Delhi   17-Apr-2020
    • Over 1.5 crore free cooking gas (LPG) cylinders have been distributed in the last two weeks as part of the government's stimulus aimed at helping poor tide over hardships of lockdown, oil minister Dharmendra Pradhan said on Thursday.
  • India plans to fill strategic oil storage by third week of May
    Millennium Post, Delhi   15-Apr-2020
    • India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country's SPR said on Tuesday.
  • IndianOil initiates rare protocol to keep fuel supplies running
    Economic Times, Delhi   21-Mar-2020
    • As cities shutdown to contain the spread of coronavirus, Indian Oil Corp (IOC) has initiated a rare protocol to safeguard its workforce while at the same time ensuring that plants operate uninterruptedly so as to keep the nation's fuel supplies running.
  • IOC gets first shipload of oil from UAE to fill strategic reserves
    Millennium Post, Delhi   14-Apr-2020
    • India is capitalizing on low global oil prices to fill its underground strategic oil reserves, with the first shipload of 1 million barrels of crude oil from the UAE arriving at Mangalore as part of efforts to shore up supplies to meet any supply or price disruption.
  • India to fill Strategic Oil Reservers by Itself
    Economic Times, Delhi   10-Apr-2020
    • India has finally decided to fill up its half-empty strategic petroleum reserve with its own money, ending an effort to convince Saudi Arabia and the UAE to store their oil in national caverns, according to people familiar with the matter.
  • Rise in demand: IOC raises LPG imports 50%
    Business Standard, Delhi   10-Apr-2020
    • In the wake of the rise in liquefied petroleum gas (LPG) demand following the lockdown, Indian Oil Corporation (IOC) has tied up with international players for additional imports to the tune of 50 per cent over the normal figure for April and May.
  • RIL, IOC HPCL & BPCL Raise Rs. 78,000 cr via CPs
    Economic Times, Delhi   09-Apr-2020
    • Oil majors Reliance Industries, IndianOil, HPCL and BPCL are on a debt-raising spree and have raised Rs 78,000 crore in short-term debt using commercial papers (CPs) in nine weeks to pay for costly crude purchased before oil prices crashed, while sales revenue has fallen drastically during the lockdown.
  • IndianOil tweaks work rules for health, safety, business continuity
    Millennium Post, Delhi   09-Apr-2020
    • While the frontline COVID-19 fighters such as doctors, nurses, paramedical staff, and state administration services are engaged in a pitched battle with the virus, there are many more unsung heroes who are doing an equally commendable job of maintaining a constant flow of essential goods and services for communities across the nation.
  • IOC sets rolling its annual Op Ladakh
    Times of India, New Delhi   07-Apr-2020
    • Undaunted by the limitations due to the coronavirus pandemic and the lockdown, state-run IndianOil Corporation (IOC) has begun the world’s largest humanitarian supply exercise to wheel 120,000 kilo litres of fuels and 3,300 tonne of LPG across mountain passes to the newly-created Union territory of Ladakh.
  • Petrol sales dip 17.6% & diesel 26% in March
    Millennium Post, Delhi   07-Apr-2020
    • India’s petrol sales shrank by 17.6% and diesel demand tanked nearly 26% in March as the economy froze under the nationwide lockdown announced to check the spread of COVID-19.
  • Govt unable to tap crude price fall as fuel demand dips
    Hindustan Times, Delhi   06-Apr-2020
    • India, the world’s third biggest oil consumer, is unable to take full advantage of a slump in global crude prices because of a steep drop in the sale of petrol and diesel in the aftermath of the nationwide lockdown for the coronavirus disease (covid-19) that has squeezed dealers’ margins and put at risk the jobs of some of the 500,000 people employed at fuel stations.
  • Refiners to halve crude import
    Hindu, Delhi   06-Apr-2020
    • Indian refiners - from Indian Oil Corporation (IOCL) to Hindustan Petroleum Corporation Limited (HPCL) - are looking to cut down their crude oil imports for April by as much as 50%, even as the oil firms have offers to buy crude at $20 a barrel or even less.
  • Oil cos switch to BS-VI without raising prices:IOC
    Millennium Post, Delhi   03-Apr-2020
    • India has switched over to the world's cleanest petrol and diesel without raising prices, Indian Oil Corp (IOC), the nation's largest oil firm, said on Thursday.
  • Oil firms supply cleaner BS-VI fuel across India
    Hindustan Times, Delhi   03-Apr-2020
    • State-run oil marketing companies (OMCs) have launched cleaner BS-VI grade petrol and diesel across the country from Wednesday with an investment of Rs.35,000 crore without raising their pump prices, thanks to the slump in international oil rates.
  • India keeps its BS-VI date amid lockdown
    Times of India, New Delhi   01-Apr-2020
    • India will keep its date with ultra-clean Bharat Stage-VI (BS-VI) fuels today (April 1), leapfrogging from BS-IV amidst slump in demand and constraints on movement in the last five weeks due to the spread of coronavirus and the countrywide lockdown.
  • Refinery to outlets: Tracking the journey
    Business Standard, Delhi   31-Mar-2020
    • A young woman in a Port Blair laboratory has spent several weeks testing fuel samples. The laboratory belongs to the Indian Oil Corporation (Indianoil), which has been carrying out the bone-drying of fuel tanks in remote places in the country so they would be ready to receive BS Vi-compliant fuel.
  • For BS-VI, lot of coordination was needed with carmakers too
    Business Standard, Delhi   31-Mar-2020
    • Vehicles and the fuel they run on have to switch over to BS-VI emission norms before April 1. SANJIV SINGH, chairman of India’s largest refiner and fuel retailer Indian Oil Corporation (IOCL), speaks to Jyoti Mukul & Shine Jacob about the three-year journey of transition. Edited excerpts:
  • BS-VI can be used in older vehicles as well
    Business Line, Delhi   24-Mar-2020
    • While a clear and transparent policy framework with stipulated time targets laid the foundation, concerted execution by oil marketing companies (OMCs) and auto-makers galvanised the entire journey through upgradation of fuel quality and engine technologies respectively,” said Dr SSV Ramakumar, Director (Research & Development), IndianOil.
  • The prospects for our green business are rosy
    Financial Express, Delhi   16-Mar-2020
    • Indian Oil Corporation has been taking initiatives to adapt to the changing energy mix even as it pushes growth in the sale of petrol and diesel, which is the mainstay of the company’s business, Sanjiv Singh, chairman, tells FE’s Anupam Chatterjee.
  • IOC Q3 net triples on inventory gains
    Millennium Post, Delhi   31-Jan-2020
    • Indian Oil Corp (IOC), the nation’s biggest oil firm, on January 30 reported tripling of its net profit in December quarter as inventory gains offset lower refinery margins and forex losses.
  • Budget 2019: India on course to be $5-trillion economy
    New Delhi   09-Jul-2019
    • Union Budget 2019 India: Budget 2019 is a reflection of the government’s plans to encourage India Inc to be a job-creator and wealth–creator, which is depicted in its emphasis on investment in infrastructure and digital economy.
  • बीएस-6 से महंगे नहीं होंगे पेट्रोल डीजल
    नई दिल्ली   27-May-2019
    • हाइड्रोकार्बन क्षेत्र में तेजी से बदलते परिदृश्य के बीच एक ओर जहां पेट्रो ईंधन ज्यादा बेहतर हो रहे हैं, वहीं पारंपरिक पेट्रोल-डीजल केबदले गैस पर निर्भरता तेजी से बढ़ रही है।
  • IOC sets up trading desk at Delhi office to buy crude on real-time basis
    New Delhi   15-Apr-2019
    • New Delhi, Apr 15 () India's top refiner Indian Oil Corp (IOC) has set up a trading desk at its office here to buy crude oil from international market on a real-time basis, helping it cut import price by locking in best price and quality, its Director (Finance) A K Sharma said.
  • INTERNATIONAL WOMEN'S DAY - The cold desert comes alive with women power
    New Delhi   07-Mar-2019
    • At more than 11,800 feet from sea level in Phey Village of Ladakh, Padma Angmo and 10 other women work at the world's highest LPG bottling plant. Run by Indian Oil Corporation (IOC), the country's largest fuel retailer, the plant ensure cooking gas access to far-flung areas of Ladakh and Kargil, besides serving the security forces.
  • Hydrogen-CNG production may soon begin in Delhi
    New Delhi   21-Jan-2019
    • The Delhi government and the IndianOil set to sign an agreement for setting up a gas compact reformer. If smoothly executed, Delhi will become the first Indian city where trials to use clean fuel in public buses will be conducted.
  • EV biz to be decided after large-scale demand
    New Delhi   18-Jan-2019
    • It is not a wise decision to make predictions related to crude prices, especially when in the past few months, we have seen the way the prices went up to $80/barrel and then saw a sharp decline.
  • OVL acquisitions fail to augment energy security
    New Delhi   08-Jan-2019
    • ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), seems to be following the trajectory taken by its parent, which failed to achieve any significant increase in domestic production of oil and gas.
  • Iran keen to invest in CPCL: IndianOil chief
    New Delhi   03-Jan-2019
    • Iran is keen to invest in the Rs 35,700-crore expansion of Chennai refinery irrespective of economic sanctions imposed by the US against the Persian Gulf nation, IndianOil Chairman Sanjiv Singh said Wednesday.
  • Oil Is Not Enough
    New Delhi   26-Dec-2018
    • The No. 1 company on the Fortune India 500 list for the ninth time running, IndianOil, led by chairman, Mr. Sanjiv Singh, is transforming itself into a ‘complete energy’ firm by investing heavily in alternative fuels as challenges from e-vehicles and tighter emission norms grow.
  • Compressed biogas tech solution for urban waste
    New Delhi   06-Dec-2018
    • The compressed biogas (CBG) technology developed by research and development unit of Indian Oil Corporation offers an excellent business opportunity to tackle the menace of biodegradable urban solid wastes for states like Kerala.
  • Fuelled by passion
    New Delhi   27-Nov-2018
    • Indian Oil Corporation has more women gas distributors than men in Chennai. We speak to four of them on what makes them tick
  • BS VI fuel to H-CNG, efforts to clear city air
    New Delhi   29-Oct-2018
    • It is that time of the year when the air quality in the National Capital Region and surrounding areas hit the headlines, sending administrators and legislators scurrying for a quick fix.
  • IOC to invest Rs 5,463 cr in city gas network
    New Delhi   12-Oct-2018
    • State-owned Indian Oil Corp (IOC) Thursday said it will invest Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas
  • Delhi may soon have green fuel even cleaner than CNG
    New Delhi   06-Sep-2018
    • Almost two decades after the Capital shifted to compressed natural gas (CNG) as a 'clean' alternative fuel, Delhi could soon have an even cleaner variant with testing to begin on H-CNG (hydrogen-CNG) later this month.
  • GAIL Plans EV Charging Stations
    New Delhi   04-Sep-2018
    • Gail India, the country's largest gas transportation and marketing company, plans to set up battery charging stations for electric vehicles
  • Maruti, IOC join hands for biofuel blend, engine efficiency
    New Delhi   01-Sep-2018
    • With consumers demanding cost-effective and fuel-efficient vehicles, and the government pushing for cleaner fuel as well as reducing import dependence, the onus is now on auto makers and oil refiners to offer such products.
  • Pradhan inaugurates Textiles & Plastics Conclave
    New Delhi   02-Sep-2018
    • In a move aimed at drawing investments into the Odisha and for forging equitable growth across the country, Dharmendra Pradhan, Union Minister for Petroleum and Natural Gas, Skill Development & Entrepreneurship...
  • Indian oil earmarks Rs 22k cr capex for FY19
    New Delhi   30-Aug-2018
    • Indian Oil Corporation (IOC) on Wednesday said it has lined up Rs 22,000-crore capex plan for the current fiscal year and will commission the Ennore-Manali LNG pipeline on schedule by the end of the year.
  • Rural LPG Delivery to get IT Legup
    New Delhi   29-Aug-2018
    • State oil companies will likely tie up with the IT ministry’s common services centres to tap into their deeper network to easily deliver cooking gas cylinders to rural customers and plug the widening distribution gap due to record addition of new consumers.
  • IndianOil seeks nod to raise Rs20.000 crore17
    New Delhi   29-Aug-2018
    • Indian Oil Corporation Ltd., the country’s largest oil marketing company, has sort shareholder approval to raise upto Rs 20, 000 crore through private placement of debentures in 2018-19, according to the company’s Annual report.
  • Fossil fuel market due for overhaul
    New Delhi   28-Aug-2018
    • Outlook for fossil fuels is tough to comprehend, but as long as they can be made cleaner, it seems they are here to stay.
  • Tenth round of bidding for CGD licence soon PNGRB
    New Delhi   28-Aug-2018
    • Close on the heels of awarding 86 geographical areas (GAs) under the 9th round of city gas distribution (CGD) licensing, the Petroleum and Natural Gas Regulatory Board (PNGRB) is preparing to launch the 10th round as well.
  • In A First, Indian Oil Corporation To Channel Refinery Waste Gas For Ethanol Production
    New Delhi   27-Aug-2018
    • In a first-of-its-kind venture in the world, Indian Oil Corporation is planning to utilise off-gases (waste gas) from various processing units of its refineries for production of ethanol. The move will reduce the carbon footprint of the state-run company’s refineries, while helping to gainfully use waste gas produced for the production of ethanol for blending in petrol.
  • India seeks revision in price of gas via TAPI line
    New Delhi   23-Aug-2018
    • India has sought re-negotiation of the natural gas price it is to source through a proposed $10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline due to slump in global energy markets, a top source said.
  • Alinz Plans to Set up portable fuel pumps here
    New Delhi   23-Aug-2018
    • Portable petrol pumps can help cut the land and time needed to set up a filling station in the country, and would be especially useful in land-scarce and difficult areas
  • Interview of Director (Finance), Indian Oil Corporation
    New Delhi   21-Aug-2018
    • Our biggest strategic priority would be sustaining leadership in core business verticals. In the deregulated market scenario, where domestic and foreign players are jostling to garner a bigger share of the market, it would be necessary to remain ahead of the competition.
  • Pledge to materialise PMs energy vision
    New Delhi   21-Aug-2018
    • India’s Integrated Energy Company, Oil & Natural Gas Corporation celebrated its 63rd Anniversary today across all regions and work centers in the country.
  • Crude oil settles at Dollar 72 per barrel
    New Delhi   21-Aug-2018
    • Brent oil stabilized near $72 per barrel on Monday after several week of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in supply from Iran due to sanctions.
  • Fueling India’s dreams ET-iconic
    New Delhi   20-Aug-2018
    • India is the world's third largest energy consumer; however, in per capita terms, energy consumption in India at 637 kgoe/capita which is below its peers, be it China, Russia OR Brazil and is 1/10th of the levels in the U.S.
  • IndianOil Q1 net profit surges 50%
    New Delhi   14-Aug-2018
    • IndianOil reported a 50% jump in its April-June quarter net profit as inventory gains negated lower refining margins. Consolidated net profit at Rs 6,831 crore in the first quarter of the current 2018-19 compared with Rs 4,549 crore net in the same period of the previous financial year, the company said in a statement here.
  • IndianOil says will invest Rs 20,000 crore in city gas projects in 5-8 years
    New Delhi   13-Aug-2018
    • Indian Oil Corp (IOCNSE -0.16 %), the nation's largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to complement its traditional oil refining and marketing business, its chairman Sanjiv Singh said today.
  • Solar power to run world's highest LPG bottling plant in Leh
    New Delhi   03-Jul-2018
    • Indian Oil Corporation (IOC), the nation' largest fuel retailer, today said its Liquefied Petroleum Gas (LPG) bottling plant in Leh district of Jammu & Kashmir, the world's highest such facility, will now be run on solar power.
  • IndianOil Q4 net up 40% to Rs 5.21K crore
    New Delhi   23-May-2018
    • Indian Oil Corp (IndianOil), the nation's biggest company, today reported 40 per cent jump in the March quarter net profit on the back of higher ?refining margin and inventory gains.
  • As oil prices flare up, IndianOil net jumps 40%
    New Delhi   23-May-2018
    • Indian Oil Corp (IOC), the country’s largest fuel retailer, on Tuesday reported a 40% year-on-year jump in its profit to Rs 5,218 crore for the quarter ended March 2018
  • IndianOil Q4 net up 40% to Rs 5.21K crore
    New Delhi   23-May-2018
    • Indian Oil Corporation (IOC), the nation's biggest company, today reported 40 per cent jump in the March quarter net profit on the back of higher
  • IndianOil fourth quarter net profit up 40 per cent at Rs 5,218 crore
    New Delhi   23-May-2018
    • Indian Oil Corporation (IOC), the nation’s largest fuel retailer, today announced a 40 per cent jump in net profit for the quarter ended March 2018 at Rs 5,218 crore on a standalone basis as compared to Rs 3,720 crore reported for the same quarter previous fiscal.
  • India's Energy Push
    New Delhi   26-Apr-2018
    • Amid the global clash between Saudi-led OPEC & US shale oil producers, India is crafting a balanced strategy to minimise the economic shocks of rising oil prices.
  • IOCians at Refineries HQs observed National Fire Service Day
    New Delhi   24-Apr-2018
    • The petroleum industry in general and IndianOil, in particular, is an active partner in fuelling India’s rapid economic growth trajectory. All IndianOil installations are equipped with the latest fire prevention and firefighting facilities along with world-class standard operating procedures.
  • IOCians observed National Fire Service Day
    New Delhi   24-Apr-2018
    • The National Fire Service Day was commemorated at IndianOil's Refineries headquaters to mark the occassion, B v Rama Gopal, Director (Refineries), in his message to IOCians across refineries division
  • Srikanth rises to World No. 1 ranking
    New Delhi   12-Apr-2018
    • Kidambi Srikanth became the first Indian male shuttler to achieve the world number one ranking in the Badminton World Federation (BWF) chart released on Thursday.
  • IndianOil acquires Shell's 17 pc Oman oilfield
    New Delhi   06-Apr-2018
    • New Delhi, Apr 5 () Indian Oil Corp (IOC), the country's largest oil firm, today said it has acquired Royal Dutch Shell's 17 per cent stake in the Makhaizna oilfield in Oman for USD 329 million.
  • Oil's well for this unstoppable mom
    New Delhi   09-Mar-2018
    • As the world celebrates International Women's Day with #PressforProgress as the theme for 2018, a young woman in Chasnala, 15km from Dhanbad, is showing how to walk the talk.
  • Indian Oil Corporation to invest Rs 25,000 crore in Gujarat Refinery
    New Delhi   09-Mar-2018
    • The Indian Oil Corporation will invest nearly Rs 25,000 crore at its Gujarat Refinery over the next five years. While Rs 1,315 crore will be invested in BS IV fuel project, Rs 3,569 crore will be pumped in BS VI fuel, Rs 15,034 crore will go for capacity
  • BS VI in branded fuel may not be out
    New Delhi   06-Mar-2018
    • Even though the National Capital Region (NCR) is gearing up for the formal launch of the much-awaited Bharat-VI grade of fuel, your favourite branded fuel variants such as XtraPremium, Speed, Power and Turbojet will not be going off the market.
  • IndianOil, Jet Privilege tie up for flying miles scheme
    New Delhi   05-Mar-2018
    • Jet Airways and IndianOil, the country's largest fuel retailer, on Monday announced a partnership that will allow consumers to earn flying miles under the JetPrivilege frequent flyer programme when they buy petrol or diesel. Alternatively, they can use their miles to pay for fuel.
  • IndianOil, Jet Privilege tie up for JPMiles fuel benefits
    New Delhi   05-Mar-2018
    • Loyalty and rewards management company, Jet Privilege has tied up with Indian Oil Corporation to allow JetPrivilege members to earn and redeem JPMiles for fuel purchases from select outlets of the state-run oil marketing firm.
  • CPCL goes for Rs.3,110-cr upgrade
    New Delhi   28-Feb-2018
    • OUR BUREAU Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas, on Tuesday, inaugurated Chennai Petroleum Corporation Ltd's (CPCL) Rs.3,110-crore residue upgradation project.
  • Achanta Sharath Kamal: Towering Titan
    New Delhi   27-Feb-2018
    • “We need to bring back the gold,” Achanta Sharath Kamal declared, training his sights on India's impending campaign in the 2018 Commonwealth Games (CWG) in Gold Coast, Australia, from April 4 to 15.
  • Lanka IOC brings Energy to Life
    New Delhi   26-Feb-2018
    • Lanka IOC has fueled the transformation of the social landscape Sri Lanka and has developed infrastructure across the Island sector of Sri Lanka.
  • Indian Oil Corp Q3 profit doubles to Rs 7,883 crore
    New Delhi   31-Jan-2018
    • Indian Oil Corporation (IOC), the country's largest oil marketing company, on Tuesday reported a close to two-fold jump in its third quarter net profit on the back of a higher inventory gain from the sharp rise in global oil prices and an increase in refining margins.
  • IOC Q3 net profit up two-fold at Rs 7,883 crore
    New Delhi   31-Jan-2018
    • State-owned Indian Oil Corp (IOC) today reported near doubling of its third quarter net profit on the back of inventory gain arising from sharp rise in global oil prices and jump in refining margins.
  • Petrol, diesel prices largely aligned to global rates
    New Delhi   31-Jan-2018
    • Petrol and diesel prices in India are to a "large extent" aligned to international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said today, responding to the charges of government meddling in fixing of fuel prices.
  • Pilot for home delivery of diesel likely to start soon
    New Delhi   09-Feb-2018
    • Almost a year after petroleum minister Dharmendra Pradhan tweeted that the ministry of petroleum and natural was exploring ways for home delivery of motor fuels, a pilot is expected to be started soon as required permissions are in place.
  • India plans 77% rise in refining capacity by 2030
    New Delhi   09-Feb-2018
    • India plans to raise its oil refining capacity by 77 per cent to 438.65 million tonnes by 2030 with Reliance Industries and Rosneft-controlled Essar Oil adding the biggest chunk, a government report said on Thursday.
  • IndianOil among Top 10 Brands in India
    New Delhi   02-Feb-2018
    • IndianOil has retained its position as one of the Top 10 Indian Brands in the latest study of the world's top 500 Brands published by Brand Finance, UK.
  • Best workplaces in manufacturing look to attract younger talent
    New Delhi   22-Jan-2018
    • Where is India's manufacturing sector headed? A quick reference to the India Brand Equity Foundation report will show that the five-year goal for the Indian government is to increase manufacturing's share of gross domestic product (GDP) from 16% to 25%, creating 100 million new jobs along the way.
  • At Indian Oil Corporation, workforce is a perfect blend of youth and experience
    New Delhi   22-Jan-2018
    • State-owned refiner Indian Oil Corp. Ltd (IOC), which operates 11 of India's 23 refineries, is among the largest employers in the country with over 33,000 employees and serves consumers across the country with an elaborate ecosystem of dealers, distributors and transporters, making people at the core of its assets.
  • Oiling New Wheels
    New Delhi   19-Jan-2018
    • Ashok, who was appointed Chairman and Managing Director of Ratnagiri Refinery and Petrochemicals Ltd (RRPL) in November last year, had an outstanding record during his three-year stint at Indian Oil Corporation Ltd (IOCL) in the same capacity.
  • Indian Oil Corporation braces for a green future
    New Delhi   18-Jan-2018
    • Wary of being left behind in the emerging energy market, which will rely on renewable sources of energy that are cleaner, safer and inexhaustible, Indian Oil Corporation has drawn up big plans for manufacturing and retailing lithium-ion batteries for use in future electric vehicles and power generating stations.
  • Indian Oil corp takes up 2018 as year of Trust
    New Delhi   04-Jan-2018
    • Indian Oil Corp (IOC), the nation's biggest oil firm, has adopted 2018 as the 'Year of Trust' as it earned belief in the delivery potential in programmes like PMUY, and decision of early implementation of BS-VI fuel norms.
  • IndianOil takes up 2018 as year of trust
    New Delhi   04-Jan-2018
    • Indian Oil Corp (IOC), the nation's biggest oil firm, has adopted 2018 as the ‘Year of Trust' as it earned belief in the delivery potential in programmes like PMUY..
  • Indian Oil looks to supply LPG to northeastern states via Bangladesh
    New Delhi   03-Jan-2018
    • The country's largest customer-facing organisation, IndianOil Corporation (IndianOil), has adopted 2018 as the ‘Year of Trust.' From Pradhan Mantri Ujjwala Yojana (PMUY) to daily price revision of petrol & diesel, to the decision to leapfrog BS-VI fuels supply to Delhi by April 1, 2018...State-owned Indian Oil Corp. Ltd is planning to adopt a new way of supplying cooking gas to the far flung northeastern states by first exporting it to Bangladesh ..
  • Indian Oil To Double Refinery Capacity By 2030
    New Delhi   27-Dec-2017
    • Indian Oil is a mammath in the oil and gas sector in India, straddling 11 refineries with a total capacity to process 80.7 million metric tonnes per annum (MMTPA) of petroleum products.
  • This Punjab plant may have the pollution solution
    New Delhi   12-Dec-2017
    • The burning of paddy straw has created an environmental storm by worsening the air quality in the Capital and its surroundings, but it may now yield a new way to make manure and compressed natural gas (CNG).
  • Indian Oil prepares for shift to a less carbon intensive future
    New Delhi   07-Dec-2017
    • The country's largest refiner Indian Oil Corp. Ltd is making a strategic shift to a less carbon-intensive future by getting into clean energy and related infrastructure, while keeping refinery expansion plans flexible for course correction, said chairman Sanjiv Singh in an interview.
  • IndianOil Corporation mulls Rs 20 k cr coke gasification project
    New Delhi   06-Dec-2017
    • Indian OilBSE -0.92 % Corp (IOCBSE -0.92 %), the nation's biggest oil company, is evaluating setting up a Rs 20,000-crore coke gasification project at its Paradip refinery in Odisha to convert the lowest-cost fossil fuel into gas that can be used to generate power or make petrochemicals.
  • IndianOil to take Rs 4,200 crore hit under GST regime
    New Delhi   04-Dec-2017
    • State-owned oil refiner Indian Oil Corporation (IOC) has said that the impact of the goods and services tax (GST) would be nearly Rs 4,200 crore as it would not be able to claim input tax credit (ITC) for automotive fuels that fall outside GST.
  • Why IndianOil sees no e-vehicles threat
    New Delhi   04-Dec-2017
    • The talk of complete phase out of fossil fuel powered vehicles by 2030 and the possible dominance of the roads by electric vehicles does not seem to have ruffled India's biggest oil refiner, Indian Oil Corporation, which says it will continue to make business-as-usual plans for its future.
  • IndianOil: a global energy company
    New Delhi   13-Nov-2017
    • IndianOil has a sprawling world-class R&D Centre that is perhaps Asia's finest. This is India's foremost centre of research excellence in the areas of lubricants, refinery processes
  • India receives first crude oil shipment from US in 42 yrs
    New Delhi   02-Oct-2017
    • The first shipment of US crude oil in over four decades reached Indian shores on Monday, reaffirming the energy commitment between the two countries that includes importing American liquefied natural gas (LNG).
  • IndianOil plans to expand Paradip refinery capacity by 3 4 MT
    New Delhi   26-Sep-2017
    • With the dispute between the Odisha government and Indian Oil Corp (IOC) over the value-added tax (VAT) being resolved, the oil marketing firm has firmed up plans to increase its investment in the state including expansion of the refining capacity in Paradip by 3-4 million tonne (MT) per annum.
  • India's Top Oil Refiner Seeks Paths to Modi's Cleaner Future
    New Delhi   05-Sep-2017
    • India's top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi's government envisions multiple paths toward reducing the country's dependence on petroleum-based fuels.
  • IndianOil working on multiple new energy options
    New Delhi   06-Sep-2017
    • India's top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi's government envisions multiple paths toward reducing the country's dependence on petroleum-based fuels.
  • India may be first to use LED for all lights by 2019
    New Delhi   17-Aug-2017
    • Energy Efficiency Services Limited (EESL), under the Ministry of Power, on Wednesday signed a Memorandum of Understanding (MoU) with Oil Marketing Companies under the Ministry of Petroleum and Natural Gas (MoPNG) for distribution of energy
  • Indian Oil Corporation buys first shale oil from US
    New Delhi   14-Aug-2017
    • State-owned Indian OilBSE 2.05 % Corp (IOCBSE 2.05 %) has bought the country's first shale oil from the US and is looking to step up imports from America as part of its crude diversification strategy.
  • IndianOil net slides to Rs 4,548.51 cr
    New Delhi   04-Aug-2017
    • Strain in refinery margins due to crude oil prices saw Indian Oil Corporation Ltd report a 45% drop in net profit for the first quarter of the current fiscal.
  • IndianOil Q1 profit down 45 percent
    New Delhi   04-Aug-2017
    • Owing to drop in refining margin and inventory loss,state-run indian Oil Corporation on Thursday reported a 45% fall in profit for the first quarter of finantial year 2017-18 compared with the same quarter a year-ago.
  • Sanjiv Singh takes over as new IOC chief
    New Delhi   02-Jun-2017
    • The oil industry has to gear up to face “disrup tive technologi es“ and India nOil has to ma ke investments to prepare for the future even though oil will remain in the mainstream of the country's energy discourse for long, Sanjiv Singh told employees in a webcast on Thursday after taking over as chairman of the country's largest refiner-marketer.
  • Sanjiv Singh takes over as IndianOil Chairman
    New Delhi   02-Jun-2017
    • Indian Oil’s Director (Refineries), Sanjiv Singh took over as the Chairman of IOC on Thursday. Singh was the Director (Refineries) on the IndianOil Board since July 2014. Concurrently, Singh will also be Chairman of Chennai Petroleum Corporation Ltd. (CPCL) and Hindustan Urvarak and Rasayan Ltd.
  • IOC overtakes ONGC to become India’s most profitable PSU
    New Delhi   28-May-2017
    • Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.
  • IndianOil Q4 net profit jumps 85% on ease of import policy
    New Delhi   26-May-2017
    • Indian Oil Corp reported a net profit growth of 85% in the fourth quarter of 2016-17, amid intense competition from private players due to the deregulation of fuel pricing, chairman B?Ashok said on on Thursday.
  • IndianOil FY17 net up 70 per cent; Q4 net profit at Rs 3,721 crore
    New Delhi   26-May-2017
    • Indian Oil Corporation's (IOC) chairman B Ashok will sign off on a high when he demits office on May 31 as the company registered a 70 per cent growth in annual profit for 2016-17 and an 85 per cent jump for the quarter ended March 31, 2017.
  • IndianOil launches 1st 0.5-litre Cryocan
    New Delhi   24-Apr-2017
    • The 0.5 litreCryocan, an addition to the already existing models of Cryocan, manufactured by IndianOil's Business Group-Cryogenics, Nashik was launched on Monday by B Ashok, Chairman, IndianOil Corporation Ltd.
  • Watch these 10 PSU stocks
    New Delhi   14-Mar-2017
    • At a time when stock picking becomes increasingly challenging given the elevated valuations, stocks of state-owned entities offer a fall-back option for investors, thanks to reasonable prices versus their private peers.
  • IndianOil Steps on the Gas
    New Delhi   09-Mar-2017
    • The dip in oil prices was the opportunity the country’s largest refiner-retailer was waiting for. It is making the most of it by striking deals overseas and consolidating its position.
  • Bacteria that turns contaminated oil into compost
    New Delhi   23-Feb-2017
    • Even before Dr SSV Ramakumar could submit the joining report as the director (research and development) for IndianOil Corp, he received a call from the petroleum ministry, and was handed a herculean task.
  • IndianOil Director awarded for contribution in fuel science
    New Delhi   21-Feb-2017
    • Sanjiv Singh,Director(Refineries),IndianOil,was folicitated for his outstanding contribution in the field of fuel science by Dr Harsh Vardhan,Union Minister of Science and Technology and Earth Science in New Delhi on February 15.
  • Spot crude buying time cut to two hours
    New Delhi   06-Feb-2017
    • Indian Oil Corporation (IndianOil) has brought down the buying time for some of its spot cargoes to two hours, sharply shrinking from 30 hours just one and a half years ago, a move that would help the country’s largest refiner bring down crude cost and boost margin.
  • Merged PSU energy giant to have global edge: IndianOil, Chairman
    New Delhi   06-Feb-2017
    • The merger of state-run energy companies will provide India the muscle to acquire assets abroad and negotiate better, but the business model of the new entity thus created will be key to its success, chairman of the country’s largest oil marketing firm said.
  • IndianOil to foray into Bangladesh, Myanmar and others
    New Delhi   01-Feb-2017
    • In a strategy that may work in tandem with the Look East policy of India, state-run Indian Oil Corporation is set to foray into retail, pipeline and refinery sectors in Bangladesh, Myanmar, Vietnam and Nepal.
  • IndianOil Q3 profit jumps 29% to Rs3,995 crore
    New Delhi   31-Jan-2017
    • State-owned refiner Indian Oil Corp. on Tuesday reported a 29% jump in net profit for the October-December period to Rs3,995 crore, helped by better refining margins and a jump in petroleum product sales.
  • BW Real 500: Riding On Growth
    New Delhi   18-Jan-2017
    • Indianoil corporation maintained its second position in the BW Real 500 list this year as well. Notably, the company has doubled profits in the financial year of 2015-16 in comparison with the previous year.
  • IndianOil to deploy unique digital asst.app for field force
    New Delhi   03-Jan-2017
    • In support of the Digital India initiative, IndianOil Corporation Ltd. had deployed a new technology initiative, a ChatBot, at the recently concluded PETROTECH-2016, the 12th International Oil & Gas Conference and Exhibition at Delhi held under the aegis of the Ministry of Petroleum & Natural Gas.
  • Why IndianOil could be Dalal Street's favourite OMC stock
    New Delhi   03-Jan-2017
    • ET Intelligence Group: IndianOil BSE 6.02 %, the country's largest oil marketing company (OMC), may emerge as a top pick among OMCs in 2017 given expectations of higher ear nings surprise once its 15-million tonnes per annum (MTPA) Paradip refinery achieves full utilisation in March 2017.
  • Indian Oil clinch Beighton Cup title
    New Delhi   28-Dec-2016
    • Indian Oil won their fifth All India Beighton Cup title by edging past Bharat Petroleum Corporation Limited (BPCL) 5-3 in the final at the SAI training centre in Kolkata on Tuesday.
  • IndianOil Corp commences testing cleaner diesel
    New Delhi   28-Dec-2016
    • IndianOil Corporation's Mathura refinery has dispatched BS(Bharat Stage) VI high-speed diesel(HSD) to two auto companies to test viability and compatibility as part of its efforts to provide cleaner fuel for an ecofriendly environment.
  • IndianOil scouts for more oil & gas assets
    New Delhi   27-Dec-2016
    • India's largest refiner Indian Oil Corp (IOC) has been scouting for exploration and production assets as part of its plan to become an integrated energy company.
  • PSUs: Power Of A Collective
    New Delhi   20-Dec-2016
    • The Indian government by virtue of its majority ownership in public sector companies, including banks and oil marketers, has become richer by Rs 1,44,637 crore in 2016 compared to the previous year.
  • PSUs: Power Of A Collective
    New Delhi   20-Dec-2016
    • The value of oil PSUs soared in the year under review, increasing the government wealth by over Rs 50,000 crore. IndianOil, the largest oil marketer by revenue, was ranked fifth in the rich PSU list with a net worth of Rs 82,976 crore, up 45.08 per cent over the previous year.
  • IT keeps Indian Oil Corp dealer network well-oiled
    New Delhi   10-Nov-2016
    • Public sector units (PSUs) today are leveraging information technology (IT) to automate business processes across various functions such as engineering, manufacturing, materials management, production, site operations and project management.
  • Slick Marketer
    New Delhi   04-Nov-2016
    • Oil marketing company Indian Oil Corporation continued to ride the softening of oil prices, raking up the highest growth in profits among the BT500 companies.
  • IOC clocks Rs 3,122-cr net profit during Q2
    New Delhi   28-Oct-2016
    • Indian Oil Corporation on Thursday reported a net profit of R3,121.89 crore for the July-September quarter of FY17, as against a net loss of R450.24 crore during the same period last year.
  • IOC makes Rs 3.1K cr profit in Q2 on higher margins
    New Delhi   28-Oct-2016
    • Nation's biggest company, IOC today reported net profit of Rs 3,122 crore for the second quarter of current fiscal, as against a loss a year ago, on account of higher refinery margins and lower inventory losses.
  • IOC boosts J&K staff morale
    New Delhi   13-Oct-2016
    • For their contribution in maintaining the supply lines during times of unrest in the Kashmir Valley, IndianOil felicitated its employees at Srinagar (Zeewan Depot).
  • ‘Best Innovation’ award goes to Indian Oil
    New Delhi   08-Oct-2016
    • The Southern Region Pipelines of Indian Oil Corporation Limited has been selected for the ‘Best Innovation and Sustainability Award for Industry’ for 2016 by The Institution of Engineers, Tamil Nadu State Centre.
  • IOC announces Rs 1.80tn investment plan in next 6 years
    New Delhi   15-Sep-2016
    • Announcing its plan of investing Rupees up to 1.80 trillion across verticals in next six years, state-run Indian Oil Corporation on Wednesday said it also is talks with foreign entities to co-invest in the investment that includes setting up a mega refinery in coastal Maharashtra.
  • Indian Oil plans Rs.1.8 lakh crore expansion
    New Delhi   15-Sep-2016
    • India’s biggest refiner, Indian Oil Corporation (IOC), has lined up a capital expenditure plan of Rs.1.8 lakh crore to expand its refineries, oil exploration business and build marketing infrastructure, petrochemicals plants and LNG terminals.
  • Foreign firms may pick up stake in coastal refinery project: IOC Chairman
    New Delhi   15-Sep-2016
    • Foreign oil companies may take a stake in the Rs. 1.80 lakh-crore coastal refinery project in Maharashtra to be set up by the State-run oil PSUs. The project will require about 15,000 acres, said Indian Oil Corporation (IOC) Chairman B Ashok on Wednesday. He was addressing the media after chairing the AGM of the company
  • IndianOil announces Rs. 1.8-trillion investment plan for next 6 years
    New Delhi   15-Sep-2016
    • Announcing its plan of investing Rs up to 1.80 trillion across verticals in next six years, state-run Indian Oil Corporation on Wednesday said it also is talks with foreign entities to co-invest in the investment that includes setting up a mega refinery in coastal Maharashtra.
  • Manali refinery's upgradation is 88% complete: B Ashok
    New Delhi   08-Sep-2016
    • The Rs 3,110 crore Resid Upgradation Project at Manali Refinery, undertaken by Indian Oil Group company Chennai Petroleum Corporation Ltd, has made 88 per cent progress, a top official said on Wednesday.
  • CPCL mulls adding refinery at Narimanam
    New Delhi   08-Sep-2016
    • Chennai Petroleum Corporation Ltd., (CPCL), a subsidiary of Indian Oil Corporation, is planning to set up an additional refinery at Narimanam in Nagapattinam District of Tamil Nadu to meet higher demand for petroleum products in the state.
  • CPCL mulls 9 mt refinery in TN
    New Delhi   08-Sep-2016
    • Chennai Petroleum Corporation, the standalone refinery of Indian Oil Corporation, is considering feasibility of setting up a nine- million-tonne-a-year refinery in south Tamil Nadu.
  • IndianOil to add 24 mt capacity in 5-6 years
    New Delhi   01-Sep-2016
    • Indian Oil Corporation will be adding 24 million tonnes of crude oil refining capacity through brownfield expansions over the next five to six years, Director (Refineries) Sanjiv Singh told the company’s employees on Thursday.
  • IOC net jumps 25%, announces 1:1 bonus
    New Delhi   30-Aug-2016
    • State-run oil refiner and marketer IOC on Monday reported its best ever first quarter net profit: the Maharatna reported a 25% jump in net profit in Q1FY17 at R8,269 crore against R6,591crore in the same quarter previous year.
  • NMCG and IOC sign mou for industrial use of treated water
    New Delhi   18-Aug-2016
    • Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti has said that a new beginning has been made with the foundation laying of STP in Mathura which will provide treated water for industrial use.
  • Petroleum Minister Pradhan supports merger of CPCL with IOC
    New Delhi   25-Jul-2016
    • Union Minister of State (independent charge) for Petroleum and Natural Gas Dharmendra Pradhan on Saturday indicated that he was in favour of the merger of Chennai Petroleum Corporation Ltd (CPCL) with Indian Oil Corporation Ltd (IOCL).
  • IOCL conclave on explosives
    New Delhi   25-Jul-2016
    • The 3rd Conclave on Explosives Organised by Indian Oil Corporation Limited , IBP Division, Business Group (Explosives) was inaugurated at Kolkata on 15th July 2016.
  • IOC top Indian company in Fortune Global 500 list
    New Delhi   22-Jul-2016
    • Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue with the retail giant Walmart topping the global rankings.
  • IOCL bets on petrochemical, gas marketing portfolios for growth
    New Delhi   08-Jul-2016
    • An Indian Consortium, led by Indian Oil Corporation Limited (IndianOil), Oil India Limited (OIL) and Bharat PetroResources Limited (BPRL), a 100% subsidiary of Bharat Petroleum Corporation Limited (BPCL), signed the definitive agreement to acquire up to 23.9% shares from Rosneft Oil Company (Rosneft), NOC of Russia
  • Countdown to Cleaner Emissions
    New Delhi   06-Jul-2016
    • “Such a quantum jump (from BS-IV to BS-VI compliant auto fuels) within a span of three years is being attempted perhaps for the first time by any country in the world.....”
  • IOC hopes to sustain robust refining margins in FY17
    New Delhi   31-May-2016
    • Indian Oil Corporation posted a disappointing set of numbers in Q4 with profits shrinking 80 per cent to Rs. 1,235.64 crore and gross refining margin (GRM) shrinking to $3 per barrel.
  • IOC net profit doubles to over Rs 10K cr
    New Delhi   28-May-2016
    • The country’s largest oil retailer Indian Oil Corporation Ltd (IOC) on Friday posted a record net profit of Rs 10,399.03 crore in 2015-16, nearly double of Rs 5,273.03 crore in FY15 to become nation’s second most profitable PSU.
  • Indian Oil reports highest ever net profit in single year
    New Delhi   28-May-2016
    • India’s largest fuel retailer Indian Oil Corporation (IOC) on Friday reported its highest ever net profit in a single year at Rs 10,399 crore in FY16, nearly double the level (Rs 5,273 crore) reported in FY15.
  • IOC net profit at record Rs 10,399 crore in 2015-16
    New Delhi   28-May-2016
    • Flagship refiner-marketer IndianOil Corporation on Friday reported a net profit of Rs 10,399 crore in 2015-16, to become nation's second most-profitable state-run entity after Oil and Natural Gas Corporation.
  • IOC net at new peak
    New Delhi   28-May-2016
    • The agreement would help India use the Chittagong port for importing LPG and then transporting it to Tripura
  • IOC’s net profit rises to Rs. 10,399 crore
    New Delhi   28-May-2016
    • Indian Oil Corporation (IOC) posted a net profit of Rs.10,399.03 crore for 2015-16 against Rs.5,273.03 crore in the corresponding period of the previous year. Income from operations was Rs.3,50,603.09 crore against Rs.4,37,524.23 crore because of a decline in international oil prices.
  • IOC posts record net in FY16
    New Delhi   28-May-2016
    • Indian Oil Corp (IOC) on Friday reported the highest net profit in its history at Rs 10,399 crore in FY2015-16 to become nation’s second most profitable PSU.
  • IOC Tops LPG Supplies
    New Delhi   10-May-2016
    • Prompt supplies of Liquefied Petroleum Gas (LPG) to various camps at Simhastha fair have reduced the inconvenience of seers and other religious bodies organising mass meals for thousands of pilgrims daily.
  • IOC investing Rs 45K crore to expand refining capacity to meet demand
    New Delhi   29-Apr-2016
    • Refining giant Indian Oil Corp (IOC) is preparing for a future when batteries will increasingly replace car fuel tanks but for the moment is investing Rs 45,000 crore to expand its refining capacity to meet the rapidly rising fuel consumption in the country.
  • IOC, Bangladesh Petro ink LPG terminal, pipeline deal
    New Delhi   19-Apr-2016
    • Flagship refiner-marketer IndianOil Corporation has inked an MoU with Bangladesh Petroleum Corporation to examine the possibility of jointly working on setting up a LPG (liquefied petroleum gas) import terminal at Chittagong port and other downstream infrastructure in that country.
  • IOC, Bangladesh Petroleum Corporation to set up joint ventures
    New Delhi   19-Apr-2016
    • India and Bangladesh will scale up hydrocarbon cooperation this week with state-owned firms Indian Oil Corp. (IOC) and Bangladesh Petroleum Corp. (BPC) entering into joint venture projects, leveraging the expertise of the companies and the geographic advantages of the two nations, said a statement from the oil ministry.
  • IOC to set up LPG import terminal at Chittagong
    New Delhi   19-Apr-2016
    • State-owned Indian Oil Corp (IOC) today signed an agreement with Bangladesh Petroleum Corp (BPC) to set up LPG import terminal at Chittagong and lay a pipeline from there to Tripura.
  • IOC signs Bangladesh JV
    New Delhi   18-Apr-2016
    • India and Bangladesh will scale up hydrocarbon cooperation this week with state-owned firms Indian Oil Corp. Ltd (IOC) and Bangladesh Petroleum Corp.
  • Expect another robust quarter for downstream companies
    New Delhi   12-Apr-2016
    • We expect Q4FY16 to be another strong quarter for the downstream cos, particularly for the three oil marketing companies (OMCs), due to no inventory losses and strong diesel marketing margins.
  • Haryana Dairy, IOC to tie up
    New Delhi   12-Apr-2016
    • Haryana's dairy cooperative federation will open milk booths under VITA brand at fuel pumps of IndianOil Corporation in the State.
  • Suzlon receives Rs 314cr contract
    New Delhi   31-Mar-2016
    • Suzlon Energy, India’s largest wind turbine maker, has signed a contract with Indian Oil Corporation Limited (IOCL) to construct 48.30 megawatts wind power project in Rajasthan, which would earn it total revenues of about Rs 314 crore.
  • IOC crowned Hockey champs
    New Delhi   29-Mar-2016
    • IOC (Indian Oil Corporation) emerged champions of the XXXIV PSPB Inter Unit Hockey Tournament 2016.
  • Refiners on track to meet BS-VI supply guideline
    New Delhi   28-Mar-2016
    • Indian refineries are on track to meet the strict timeline for supplying superior quality and less polluting petrol and diesel confirming to Euro-VI norms by April 2020, IOC Director (Refineries) Sanjiv Singh said.
  • Adani offers 49% stake in Dhamra LNG project
    New Delhi   28-Mar-2016
    • Adani Group has offered 49 per cent stake in its Rs 5,000-crore Dhamra LNG project in Odisha to state-run gas utility GAIL India and refiner Indian Oil Corporation (IOC)
  • Indian Oil takes tech leap in Mathura
    New Delhi   08-Mar-2016
    • The Minister of Petroleum and Natural Gas, Dharmendra Pradhan, has initiated the process to set up the first- of- its- kind Octomax unit in the country at the Mathura refinery that will help in the production of highoctane gasoline.
  • IndianOil's 100th Aviation Fuel Station inaugurated
    New Delhi   08-Mar-2016
    • IndianOil Corporation's 100th Aviation Fuel Station (AFS) at Rourkela in Sundergarh district of Odisha was inaugurated recently by the Dharmendra Pradhan, MoS (I/C), Ministry of Petroleum & Natural Gas, at a function in Rourkela
  • Pradhan launches work on IOC Octomax unit
    New Delhi   06-Mar-2016
    • Union minister Dharmendra Pradhan has laid the foundation stone of country’s first-of-its-kind Octomax unit at the Mathura refinery that will help in the production of high-octane gasoline.
  • Pradhan launches IndianOil’s 100th aviation fuel station
    New Delhi   06-Mar-2016
    • The country’s national downstream petroleum refining and marketing company Indian Oil Corporation Ltd’s (IOCL) 100th Aviation Fuel Station (AFS) was inaugurated by Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan at Rourkela in Sundergarh district, Odisha, on Saturday.
  • SMOOTH FLOW
    New Delhi   03-Mar-2016
    • A high performance range of SERVO Tata Motors Genuine Oils was launched by IndianOil Corporation Limited. K L Murthy, executive director (Lubes) IndianOil, says that this will provide a compelete care for vehicles
  • IndianOil tops FE 500 rankings
    New Delhi   29-Feb-2016
    • Indian Oil Corporation Limited continues to lead the prestigious list of FE500 top companies by net revenue for the year 2016.
  • IOC shares are a good stock option
    New Delhi   23-Feb-2016
    • India’s largest oil marketing company, Indian Oil Company (IOC) has set up a Rs 35,000 crore refinery in Paradip, Orissa, to be integrated along with a petrochemical complex.
  • IOC against import duty on crude oil
    New Delhi   22-Feb-2016
    • India imported 189 mt of crude oil in 2014-15, valued at $112 billion. In the current financial year, the value of imports is expected to come down to $61 billion
  • Modi flags off India's most advanced IOC Paradip refinery
    New Delhi   07-Feb-2016
    • Amid global gloom and static capacitity expansion by oil majors, Prime Minister Narendra Modi on Sunday flagged off Indian Oil Corp's Rs 34,555-crore Paradip refinery, touted as India's most advanced and capable of producing Bharat Stage VI fuels.
  • Paradip refinery to turn around IOC's prospects
    New Delhi   21-Jan-2016
    • Inexpensive valuations, improving business outlook could trigger re-rating of the stock<br/><br/>Indian Oil Corporation (IOC) has lagged peers Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) on gross refining margins (GRMs) and on as stock performance in recent times.
  • Paradip refinery to boost Indian Oil profits by 20-30%
    New Delhi   12-Jan-2016
    • Country’s largest refiner Indian Oil Corporation’s (IOC) bottom line would get a boost of 20-30% after its 15 million tonne per annum (mtpa) greenfield project in Odisha is fully commissioned by FY18.
  • IndianOil … Going green… The solar way…
    New Delhi   05-Jan-2016
    • IndianOil is going green & has embarked on a major initiative to electrify its fuel retail outlets with solar power, thus enabling its channel partners to adopt solar energy to run fuel pump operations.
  • Women celebrate in Bihar's first 'smokeless' village
    New Delhi   05-Jan-2016
    • Women in a village in Bihar are celebrating -- as all its 240 households have been provided with cooking gas connections and they no longer have to use firewood, cow dung cake or charcoal to cook.
  • Fuelling the future
    New Delhi   17-Dec-2015
    • IndianOil's ‘Make in India' initiative sets up low cost aviation fuel station
  • Awarding the best
    New Delhi   17-Dec-2015
    • In 2012, KPMG, a leading financial services and business advisory provider, listed out several constraints of Public Sector Undertakings (PSU) in India.
  • 10 more rail stations to get biofuel facility
    New Delhi   17-Dec-2015
    • In line with the Central policy of adopting biofuel-blended diesel, the South Western Railway (SWR) is planning to extend the blending and storage facilities to 10 more stations in its jurisdiction in the next three to four months.
  • IOCL, Evonik ink licensing pact
    New Delhi   01-Dec-2015
    • Indian Oil Corporation (IOCL) has announced it will offer customers a hydraulic fluid formulated with ‘DynaVIS technology’, which is an innovation by the €13-billion Evonik Industries of Germany, under a licensing agreement (Evonik’s first licensing agreement in India)
  • IOC betting big on green energy
    New Delhi   19-Nov-2015
    • Indian Oil Corporation (IOC), the nation's largest fuel retailer, has renewed its focus on green energy and sustainability initiatives, having firmed up a mega clean energy drive that includes plans to invest Rs 1,820 crore in setting up green energy generation capacity, pushing bio-fuel blending in petroleum products and adopting measures to cut down its carbon footprint.
  • IndianOil aims for full capacity at Paradip plant next fiscal year
    New Delhi   04-Nov-2015
    • Indian Oil Corp. Ltd (IOC) plans to fully operationalize its Paradip refinery by early next month, aiming to reach its full capacity of 15 million tonnes per annum (mtpa) during the next financial year. IOC, the nation's largest oil refiner, reported a net loss of Rs.329 crore in the July-September quarter on Tuesday.
  • IOC'S STANDALONE PROFIT AT RS 6,107 CR IN H1
    New Delhi   04-Nov-2015
    • With good performance of physical parameters such as sales, capacity utilisation and other factors, nation's biggest oil major State-owned Indian Oil Corporation (IOC) on Tuesday posted standalone profit of Rs6,107 crore
  • IOC-Delonex JV wins Mozambique oil block
    New Delhi   30-Oct-2015
    • State-owned Indian Oil Corp (IOC) has partner Delonex Energy, a new Africa-focused oil and gas explorer led by former Cairn India chief Rahul Dhir, to win its maiden oil block in Mozambique.
  • IOC executing Rs 12,000-cr pipeline projects
    New Delhi   20-Oct-2015
    • Indian Oil Corporation (IOC), the nation’s largest fuel retailer, is busy executing a dozen-odd projects at an investment of around Rs 12,000 crore to expand its network of crude oil and products pipeline by 54 per cent to 17,000 km by 2019.
  • Need for Security
    New Delhi   15-Oct-2015
    • IndianOil organised a security seminar at Refineries Headquarters with Surender Singh, director general, CISF as the chief guest and Sanjiv Singh, director (Refineries) presiding over the function.
  • Paradip refinery commercial launch soon: IndianOil
    New Delhi   14-Oct-2015
    • Optimistic about the commercial commissioning of its Rs 35,000 crore refinery project at Paradip in Odisha "very very soon," the IOCL on Tuesday said the entire world is looking at the project because of its volume and uniqueness.
  • IOC to spend Rs 32,500 crore on expansion
    New Delhi   13-Oct-2015
    • Indian Oil Corporation, the nation's biggest refiner and fuel retailer, is planning to spend about $5 billion (nearly Rs 32,500 crore) to expand its exploration and production business, with half the amount slated to go into acquisition of new assets that are increasingly becoming available in the wake of a global crude oil crash.
  • 'Common carrier' move will hit pipeline development: IOC
    New Delhi   13-Oct-2015
    • The Petroleum and Natural Gas Regulatory Board (PNGRB)’s move to declare 20 Indian Oil Corporation (IOC) pipelines, accounting for about half the company’s pipeline capacity of 80 million tonnes (mt), as “common carrier” will hit refinery and pipeline development and impact the entire sector, the fuel retailer has said.
  • A glorious victory
    New Delhi   17-Sep-2015
    • Butene-1 project at Indian Oil Corporation’s Panipat Refinery recently won the prestigious PMI ‘Project of the Year Award’ 2015
  • Indian Oil planning to invest 1.75 lakh crore over 7 years
    New Delhi   16-Sep-2015
    • Country's largest oil refiner Indian Oil Corporation (IOC) today said it will be investing Rs 1.75 trillion over the next seven years to expand output by 54 per cent to around 100 million tonnes per annum.
  • IOCL partners with Atos to automate its retail outlets
    New Delhi   08-Oct-2015
    • The initiative will enhance operational efficiency by controlling any distribution losses and improve data interpretation and analytics to steer the performance and efficiency across the IOCL distribution network.
  • IOC will not ink long-term LNG price deals
    New Delhi   08-Oct-2015
    • Indian Oil Corporation (IOC), the country's largest refiner and fuel retailer, will not enter into long-term price contracts with liquefied natural gas (LNG) suppliers, drawing lessons from the fiasco where staterun Petronet
  • IndianOil’s Panipat Naphtha Cracker bags top world rank
    New Delhi   10-Sep-2015
    • The Polypropylene Unit of Panipat Naphtha Cracker has been ranked number one globally under the categories “Internal Stream Factor” and “Specific Monomer (Ethylene) consumption” for the year 2014-15, as part of the benchmark study conducted by the licensor M/s Lyondell Basell.
  • India Inc commits Rs 30,000 cr investment in Tamil Nadu
    New Delhi   10-Sep-2015
    • Top corporate houses, including Adani Group, HCL, MRF, ITC and others, have committed thousands of crores in investments in Tamil Nadu. Adani Group alone is planning to invest Rs 10,000-15,000 crore in the state to set up power plants and ports.
  • IOC surges ahead of pvt companies in refining margin
    New Delhi   28-Aug-2015
    • Beating private sector peers like Reliance Industries, when it comes to gross refining margins (GRM) is no mean achievement, and that is exactly what state-owned downstream company Indian Oil Corporation (IOC) managed to do in the first quarter of the current fiscal.
  • IOC to import crude oil to cut cost
    New Delhi   28-Aug-2015
    • State-owned IndanOil Corp(IOC) is increasing crude oil imports from as far as Latin America and raising proportion of purchase from spot or cash market to cut costs, said Chairman B Ashok
  • IOC raises oil import from new suppliers to cut costs
    New Delhi   28-Aug-2015
    • State-owned Indian Oil Corp (IOC) is increasing crude oil imports from as far as Latin America and raising proportion of purchase from spot or cash market to cut costs, said Chairman B Ashok.
  • IOC raises oil import from Latin America to cut costs
    New Delhi   28-Aug-2015
    • State-owned Indian Oil Corp (IOC) is increasing crude oil imports from as far as Latin America and raising proportion of purchase from spot or cash market to cut costs, said Chairman B Ashok. IOC, the nation's biggest oil firm, spent Rs1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15.
  • IOC bottling unit in Punjab
    New Delhi   27-Aug-2015
    • State-owned Indian Oil Corporation (IOC) on Wednesday said it will set up an automated bottling plant in Punjab at an investment of Rs 110 crore.
  • Pahal in Guinness Book of World Records
    New Delhi   18-Aug-2015
    • Cash transfer program (households) implemented by oil marketing companies (OMCs) - Pratyaksha Hastaantarit Laabh (PAHAL) has entered the Guinness Book of World Records for being the largest cash transfer program (households).
  • RIL again loses most profitable tag, this time to IndianOil
    New Delhi   17-Aug-2015
    • 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 IndianOil.
  • RIL again loses most profitable tag to IOC
    New Delhi   17-Aug-2015
    • 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 IndianOil.
  • Indian Oil net up over 2-fold on higher refining margin
    New Delhi   14-Aug-2015
    • Indian Oil Corporation, India’s largest refining and oil marketing company, on Thursday reported a 2.5-fold jump in net profit for the April-June period of FY16 at Rs 6,435.7 crore against Rs 2,522.9 crore in the year-ago period.
  • Govt shortlists 5 merchant bankers for IOC stake sale
    New Delhi   14-Aug-2015
    • The Government has finalised five merchant bankers for disinvestment of 10 per cent stake in Indian Oil Corporation (IOC), which could fetch the exchequer about Rs9,500 crore, a senior IOC official said on Thursday.
  • CPCL profit zooms 80% in first quarter on crude price fall
    New Delhi   11-Aug-2015
    • Falling prices of crude oil have contributed to Chennai Petroleum Corporation reporting an 80 per cent growth in net profit for the first quarter of the current year as compared to the previous quarter last year.
  • Construction work on Ennore LNG terminal started: IOC
    New Delhi   11-Aug-2015
    • Indian Oil Corporation (IOC) has begun initial works for setting up the Rs 5,150-crore LNG terminal at Ennore near here. The company had inked a MoU with the Tamil Nadu government for the project.
  • Borrowings for IndianOil slide as crude oil prices slip
    New Delhi   07-Aug-2015
    • Low crude oil prices and decontrol of auto fuels may have helped IndianOil Corporation (IOC) to cut down its borrowings but the largest marketer of petroleum products still has an average borrowing of around Rs 50,000 crore.
  • Awards & Accolades
    New Delhi   07-Aug-2015
    • In a reaffirmation to IndianOil Refineries Division's commitment to operational safety at its locations, two of its refineries in Assam - Bongaigaon and Guwahati have won the coveted Oil Industry Safety Awards for the year 2013-14.
  • IndianOil Refineries sweep oil industry Safety Awards
    New Delhi   07-Aug-2015
    • In a reaffirmation to IndianOil Refineries Division's commitment to operational safety at its locations, two of its refineries in Assam - Bongaigaon and Guwahati have won the coveted Oil Industry Safety Awards for the year 2013-14.
  • Indianoil Wins Oisd Award For Lpg Marketing
    New Delhi   07-Aug-2015
    • For its operations in the North Zone in the year 2013-14, Indian Oil Corporation Limited has won the prestigious OISD (Oil Industry Safety Directorate) award in the Oil Marketing Company – LPG category.
  • Govt. to give Rs 1,300 cr kerosene subsidy
    New Delhi   04-Aug-2015
    • The Finance Ministry will pay state-owned fuel retailers Rs 1,300 crore cash subsidy for kerosene for the first quarter ended June 30, but the same on LPG will be decided later.
  • Govt. to give Rs 1,300 cr kerosene subsidy
    New Delhi   04-Aug-2015
    • The Finance Ministry will pay state-owned fuel retailers Rs 1,300 crore cash subsidy for kerosene for the first quarter ended June 30, but the same on LPG will be decided later.
  • Measure against inadvertentLPG subsidy 'give up'
    New Delhi   03-Aug-2015
    • The oil companies have added a new feature in IVRS (interactive voice response system) to check instances where LPG consumers inadvertently got enrolled under "Give up subsidy" scheme by pressing digit 'O'.
  • ‘We can process 170 types of crude oil today’
    New Delhi   03-Aug-2015
    • Indian Oil Corporation is looking at a rather strong first quarter on the back of a consistent domestic retail fuel pricing policy by the government, low oil prices and its own financial jugglery.
  • Top Honours
    New Delhi   30-Jul-2015
    • IndianOil’s Project Chetna is recognised as a path-breaking initiative by the Association for Talent Development
  • In Need of Power
    New Delhi   30-Jul-2015
    • Business Group (explosives), IBPD organised the second conclave on Explosives at Kolkata recently. Eminent professionals and academicians from the mining industry addressed the conclave which was attended by delegates from the mining fraternity and other stakeholders
  • Happy days are here again for Indian Oil, Bharat Petroleum, other OMCs
    New Delhi   27-Jul-2015
    • On November 9, 2011, the then chairman of India’s largest oil refining and marketing company Indian Oil Corporation Ltd (IOC) R S Butola announced his firm may need to shut down some of its refineries since it was in dire need for cash to buy crude oil.
  • IndianOil sweeps awards at PetroFed 2014 awards ceremony
    New Delhi   15-Jul-2015
    • The annual PetroFed Oil and Gas Industry awards for 2013-14 for excellence in performance in various categories were presented to corporates by Mr. Dharmendra Pradhan Hon’ble MoS (I/c) Petroleum & Natural Gas, in Delhi today.
  • Paradip Refinery's South Oil Jetty inaugurated
    New Delhi   10-Jul-2015
    • The South Oil Jetty of Paradip Refinery was inaugurated by Mr. Nitin Jairam Gadkari, Hon’ble Union Minister, Shipping, Road Transport & Highways on 10th July 2015 in the august presence of Mr. Dharmendra Pradhan, Hon’ble Union Minister of State(Independent Charge), Petroleum & Natural Gas; Dr. Damodar Rout, Hon'ble Minister for Co-operation and Excise, Govt. of Odisha and MLA, Paradip; and Dr. Kulamani Samal, Hon'ble Member of Parliament, Jagatsinghpur.
  • Palakkad city achieves 100% RO automation
    New Delhi   14-Jul-2015
    • At a function held at BalaJi Fuels Palakkad, Mr. Murali Srinivasan, GM, Kerala State Office, declared Retail Outlets of Palakkad district 'Fully Automated'.
  • Solar Power System inaugurated at Port Blair Terminal
    New Delhi   08-Jul-2015
    • Mr. Y. K. Gupta, ED, WBSO inaugurated a Solar power system at the IndianOil Port Blair Terminal in the presence of Mr. N. N. Rao, DGM (Engg.), WBSO, Mr. Pritish Bharat, DGM(RS), WBSO, Mr. Aloke Kr. Singh, Chief CC Manager, ER, and others.
  • OMCs hit multi- year highs
    New Delhi   03-Jul-2015
    • Shares of state- owned oil marketing companies (OMCs) closed at respective multi- year highs on Thursday, on expectation of higher earnings growth.
  • WBSO organises Gold Circle Panel Dealers’ Meet
    New Delhi   31-Mar-2015
    • West Bengal State Office organised an interactive meet for the Gold Circle Panel Dealers of 2014-15 recently. The panel of 22 retail outlet dealers was formed with a view to have a direct interaction with the higher management of State Office and also to offer a platform to
  • WR undertakes health care initiative
    New Delhi   31-Mar-2015
    • IndianOil, Western Region in association with Nanavati Hospital, Vile Parle, Mumbai organised a health check-up camp recently for ‘Navjivan Vikas Sewa Sanstha’ at Post Raipatan and Sarvoutkarsha Samajit Sanstha, Ratnagiri.
  • IiPM organises workshop on Security of Workplace
    New Delhi   30-Mar-2015
    • Three days' workshop on ‘Security of Workplace’ was held at IiPM from Mach 25 to 27, 2015. The programme was inaugurated by Mr. S. N. Singh, Advisor (Security) and Dr. Anand Kumar, Additional Director-IB, MHA.
  • NRPL organises Safety Conclave
    New Delhi   30-Mar-2015
    • Inaugurating a daylong Safety Conclave on the theme “Safety, Security and Environmental Challenges in Petroleum Pipelines” held in New Delhi on March 30, 2015, Mr. J. P. Ojha, ED(I/c), NRPL said “Persistent efforts are necessary to develop advanced
  • IndianOil achieves 100% RO automation in Raipur City
    New Delhi   30-Mar-2015
    • As the part of nationwide drive of IndianOil under the aegis of Ministry of Petroleum and Natural Gas (MoP&NG), the Corporation declared Raipur as fully automated city. With this announcement, Raipur has become the first city in MPSO with total automation.
  • Marketing Division completes mail migration to COIS
    New Delhi   30-Mar-2015
    • One of the major action plans of the Corporate IT infrastructure consolidation plan was to consolidate the Mail & Messaging systems from respective Divisions data centers to COIS. This shall lead to a unified Mail & Messaging system across the Corporation.
  • Hon'ble Prime Minister inaugurates Urja Sangam 2015 - India’s Global Hydrocarbon Summit
    New Delhi   27-Mar-2015
    • Hon’ble Prime Minister, Mr. Narendra Modi inaugurated ‘Urja Sangam 2015’ today at Vigyan Bhavan, New Delhi, which is being hailed as India’s biggest global hydrocarbon meet, aimed at shaping India’s energy security in the presence of Mr. Ravi Shankar Prasad, Union Minister for Communication and Information Technology,
  • Director (Refineries) reviews Paradip Refinery Project
    New Delhi   27-Mar-2015
    • Mr. Sanjiv Singh, Director (Refineries) visited Paradip Refinery Project on March 25, 2015. He reviewed the progress of Quality Control Lab (QC), Captive Power Plant (CPP), Delayed Coking Unit
  • DSO undertakes CSR initiative
    New Delhi   27-Mar-2015
    • Delhi State Office donated a Maruti Van under CSR activities to Prateek Institute, Nangloi, New Delhi.
  • Western Region organises Vigilance Awareness Workshop
    New Delhi   25-Mar-2015
    • One day Vigilance Awareness Workshop was organised by Vigilance Department, Western Region recently on ‘Tendering Procedures and e-tendering’ at WRO for the officers dealing in Tenders.
  • Guwahati Refinery gets Excellence in TPM Consistency Award
    New Delhi   25-Mar-2015
    • Guwahati Refinery has been conferred with the ‘Excellence in Consistent TPM Commitment Award’ by Japan Institute of Plant Maintenance (JIPM) for commendable performance in maintaining the level of excellence in TPM commitment. Mr. Jogen Barpujari, GM, and Mr. S.P. Baruah, DGM (PN), received the prestigious award at a function, held at Kyoto, Japan recently.
  • ED, NEISO and ED, BGR call on the Hon'ble CM of Assam
    New Delhi   24-Mar-2015
    • Mr. Dipankar Ray, ED, NEISO and Mr. R. Ahuja, ED, BGR called on the Hon'ble Chief Minister of Assam, Mr. Tarun Gogoi at his residence in Guwahati recently for waiver of Entry Tax imposed by the Government of Assam on imported crude to BGR.
  • Hon’ble MLA inaugurates new facilities at Hunsur Town RO
    New Delhi   24-Mar-2015
    • Mr. H. P. Manjunath, Hon’ble MLA from Hunsur, Mysore District, and Mr. S. Sridhar, SDRSM, Mysore DO inaugurated the sales building and started the sales operation at the new RO MLR Fuel Junction, Hunsur Town.
  • गुवाहाटी रिफाइनरी में राजभाषा संगोष्ठी का समापन
    नई दिल्ली   23-Mar-2015
    • गुवाहाटी रिफाइनरी की अध्यक्षता में कार्यरत नराकास(उपक्रम), द्वारा रिफाइनरी प्रशिक्षण केन्द्री में पूर्वोत्तेर क्षेत्र के सभी नगर राजभाषा समितियों को शामिल करके “राजभाषा हिंदी के डिजिटल प्रचार-प्रसार की चुनौतियां : संभावनाएं और समाधान” पर एक दिवसीय हिंदी संगोष्ठी का हाल ही में आयोजन किया गया ।
  • IndianOil-DBT centre wins Young Technological Innovation Award
    New Delhi   20-Mar-2015
    • A team of research scientists from IndianOil-DBT Centre for Advanced Bioenergy Research bagged the BIRAC-SRISTI Gandhian Young Technological Innovation Award 2015 In a glittering ceremony held at Rashtrapati Bhavan recently.
  • IndianOil contributes towards building Rural Eye Health Centre at Bhubaneswar
    New Delhi   20-Mar-2015
    • IndianOil has approved a CSR contribution of Rs. 2 Crores for construction of Bhubaneswar Campus of L. V. Prasad Eye IndianOil Rural Eye Health Centre Institute, Hyderabad, with a chain of leading Eye Health and Research Hospitals & Institutes across Southern India and Odisha under the brand name ‘LVPEI’, managed by a Trust Hyderabad Eye Institute.
  • Chairman, IndianOil inaugurates Gas Turbine-6
    New Delhi   20-Mar-2015
    • Mr. B. Ashok, Chairman IndianOil, inaugurated the Gas Turbine-6 (GT-6) at Gujarat Refinery in presence of Mr. Sanjiv Singh, Director (Refineries), Mr. S. K. Dhar Gupta, ED, Gujarat Refinery, and members of senior management of Gujarat Refinery.
  • Annual Dealers' Convention conducted at Bathinda DO
    New Delhi   20-Mar-2015
    • Bathinda DO organised Annual Dealers' Convention recently. Mr. P.K. Das, ED, PSO inaugurated the conference in the presence of Mr. Saumitra Pandey, DGM(RS), PSO, Mr. P.K. Hooda, DGM (Ops), Mr. S.S. Pandita, DGM (Engg),
  • Chairman inaugurates Gas Conclave 2015
    New Delhi   18-Mar-2015
    • IndianOil held Gas Conclave – 2015 today at New Delhi where luminaries from global and Indian gas Industry participated to deliberate on the theme “Gas - Towards Green Future”.
  • ED(WRPL) vists Kot Pump Station
    New Delhi   17-Mar-2015
    • Mr. A. K. Tewari, ED (WRPL) during his recent visit to Kot Pump Station inspected the IPS anomaly sites in 18” KSPL mainline under the jurisdiction of Kot Pump Station.
  • IOCians excel at prestigious sports tournaments
    New Delhi   16-Mar-2015
    • Mr. K. Srikanth, Gr. 'A' officer, TAPSO added another feather to his cap by annexing the Swiss Open at Basel by defeating his formidable Danish opponent, Viktor Axelson with a score of 21-15, 12-21, 21-14 in the finals.
  • Chairman releases film on road safety
    New Delhi   14-Mar-2015
    • ‘Ek Raasta Hai Zindagi’, a film on road safety for Tank Truck crew was released by Mr. B. Ashok, Chairman, at Marketing HO, recently in the presence of the members of the core group.
  • NRPL bags National Safety Awards
    New Delhi   14-Mar-2015
    • Northern Region Pipelines has been conferred with Prashansa Patra,under the Manufacturing Sector Safety Award-2014,
  • AFS Nagpur bags National Safety Awards
    New Delhi   14-Mar-2015
    • Aviation Fuel Station, Nagpur bagged the esteemed ‘Prashansa Patra Certification’ from National Safety Council under Micro, Small & Medium Enterprise Sector category recently.
  • IndianOil women's team shines at All India Public Sector Table Tennis tournament
    New Delhi   14-Mar-2015
    • Table Tennis women's team comprising of three players Ms. K. Shamini, Asst. Manager, SRO, Ms. Manika Batra, Grade 'A' Officer, NR and Ms. T. Reeth Rishya , Tenure Based Sportsperson, SRO stood runners' up in team championship of All India Public Sector Table Tennis Team tournament held at Delhi recently.
  • Digboi Refinery bags "Sreshtha Suraksha Puraskar"
    New Delhi   12-Mar-2015
    • India’s oldest operating Refinery , Digboi Refinery received the 2014 "Sreshtha Suraksha Puraskar" under manufacturing sector category for the year 2014 on March 12, 2015 .
  • ED (SRPL), visits SRPL Trichy
    New Delhi   12-Mar-2015
    • Mr. Anbezhil, ED (SRPL), visited SRPL Trichy recently. He was accorded a warm welcome by Mr. K. Santhanam, DGM, Trichy and his team.
  • ED, WRPL visits WRPL Vadinar
    New Delhi   12-Mar-2015
    • Dr. B. D. Yadav, ED, WRPL reviewed the Onshore facilities at Vadinar installation recently. He was accorded a warm floral welcome by the employees of Vadinar Base led by Mr. D. Sriganesh, DGM, WRPL Vadinar and his team.
  • ED, DSO visits Ambala Terminal
    New Delhi   12-Mar-2015
    • Mr. S. S. Mishra, Executive Director, Delhi State Office visited Ambala Terminal recently. He was accompanied by Mr. H. K. Patra, CHRM, DSO.
  • Jammu DO holds Annual Dealers' Convention
    New Delhi   12-Mar-2015
    • Jammu Divisional Office conducted Annual Dealers' Convention for the year 2014-15 recently at Jammu. The Convention titled “Scaling heights through motivation” was based on the theme of teamwork and Innovation.
  • IndianOil achieves 100% RO automation in Rajkot
    New Delhi   11-Mar-2015
    • As the part of nationwide drive of IndianOil under the aegis of Ministry of Petroleum and Natural Gas (MoP&NG), Indian Oil declared Rajkot as fully RO automated city recently.
  • IiPM commences three-day Career Transition Programme
    New Delhi   11-Mar-2015
    • A three-day programme on Career Transition from March 11 to 13, 2015 commenced at IiPM for senior executives in Grade ‘H’ & ‘I’ officers who will be superannuating from the services of the Corporation by November 2015.
  • Devanagonthi Terminal bag National Safety Awards
    New Delhi   05-Mar-2015
    • Devanagonthi Terminal, Bangalore, bagged the coveted first prize in Oil Industry Category for Adopting Best Safe Practices in the Year 2014 on 44th National Safety Day.
  • Team IndianOil excels at National Energy Masters Quiz 2015
    New Delhi   05-Mar-2015
    • Continuing its winning spree, IndianOil team comprising Mr. K. Suresh, Chief Mgr., BD (GAS) and Mr. Deepak Taneja, Sr. Mgr. (CC), Refineries HQ, New Delhi, stood 1st Runners Up in the coveted Energy Masters Quiz 2015
  • SRPL women's team stood runners' up in AIMA quiz
    New Delhi   05-Mar-2015
    • Two women teams from SRPL comprising Ms. Anitha A Nambi, M(IA) and Ms. Vaideshwari Rao P.,SHRO won the first runners up in a National quiz Competition for women, “Pragati – Celebrating achievements of women”,
  • Automation and DU Vendors' meeting organised at Ranchi
    New Delhi   04-Mar-2015
    • Automation and Dispensing Units' (DU) Vendors' Meeting was organised at Ranchi recently where Automation and DU, Pump maintenance co-ordinators of Engineering and retail and officials from Head Office, State Office and Divisional Offices participated.
  • Hissar declared 100% automated city
    New Delhi   03-Mar-2015
    • Mr. S. S. Mishra, ED, DSO inaugurated M/s Ganpati Petro, Hissar in presence of Mr. C. M. Kachroo, GM (RS), DSO, Mr. O. P. Jain, DGM (F), DSO, Mr. Ajay Garg, CDRSM, HDO and other senior officials and dealers.
  • IndianOil bags 'Champion of Champions' Award at ABCI
    New Delhi   02-Mar-2015
    • IndianOil was bestowed with the Champion of Champions award (for the highest tally of awards won) at the 54th Annual Awards Nite of Association of Business Communicators of India (ABCI) held on 27th February at Mumbai.
  • Bhavnagar BP bags Gujarat State Safety Award
    New Delhi   28-Feb-2015
    • Bhavnagar BP has been adjudged the ‘Winner’ in achieving the lowest Disabling Injury Index (D.I.I) by Gujarat Safety Council for Gujarat State Safety Award 2013 under Category II Group C.
  • Distributors of Vellore Sales Area surrender LPG subsidy
    New Delhi   28-Feb-2015
    • In line with the appeal made by the Hon'ble Minister of State for Petroleum & Natural Gas (Independent Charge), Govt. of India, Indane Distributors of Vellore Sales Area under Chennai Area Office including Ms. K. Prema, Dy. Manager (LPG-S) voluntarily opted out of the LPG Subsidy Scheme.
  • IndianOil tops FE 500 list for FY 2013-14
    New Delhi   26-Feb-2015
    • IndianOil has maintained its position as the country's largest company according to the list of 500 Indian companies released by Financial Express.
  • 'Anubhooti...Ek Sangrah' released at BSO
    New Delhi   26-Feb-2015
    • Mr. Gautam Bose, GM (I/c) Regional Services, Eastern Region and Mr. R. S. Dahiya, General Manager, BSO released “Anubhooti...Ek Sangrah”, a collection of IOCians' experiences
  • OISD conducts External Safety Audit at WRPL, Vadinar
    New Delhi   26-Feb-2015
    • External Safety Audit (ESA) of SPM & Tank Farm facilities at WRPL, Vadinar Installation was conducted recently by a team of technical experts from OISD headed by Mr. R. V. Rajasekaran, DGM, MDPL, HPCL Jaipur
  • Director (HR) visits Guwahati Refinery
    New Delhi   25-Feb-2015
    • Mr. Verghese Cherian, Director (HR), visited Guwahati Refinery on February 24, 2015. Mr. Jogen Barpujari, GM, welcomed Mr. Cherian with a bouquet and Gamocha on his arrival at New Administrative Building.
  • IndianOil achieves 100% RO automation in Ranchi
    New Delhi   25-Feb-2015
    • Mr. Indrajit Bose, ED (RS), HO, inaugurated Ranchi City Retail Outlet Automation initiative of IndianOil at M/s Indraprastha Petroleum, Ranchi for better customer satisfaction in the presence of Mr. G. Ramkumar, ED (RA), HO
  • IndianOil Team stood Runners-Up at 14th Lead India Quiz
    New Delhi   25-Feb-2015
    • The IndianOil team comprising of Mr. K. Suresh, Chief Mgr. (BD-Gas), and Mr. Deepak Taneja, Sr. Mgr. (CC), Refineries HQ, New Delhi, stood first runners-up in the 14th Lead India Quiz, a national level leadership quiz programme conducted by the Organisation Dynamics in New Delhi recently.
  • IOC reports net profit of Rs. 1624 crore in H1, 2014-15
    New Delhi   13-Nov-2014
    • Downstream Oil Company IOC has reported a standalone net profit of Rs. 1,624 crore for the half year ended 30th September 2014 as compared to a net loss of Rs. 1,409 crore during the corresponding period in the previous year mainly due to lower foreign exchange losses, finance cost and depreciation partly offset by lower refining margins.
  • Mr. B. Ashok takes over as Chairman, IndianOil
    New Delhi   16-Jul-2014
    • Mr. B Ashok has taken over the reins of Indian Oil Corporation Ltd. as its Chairman effective from July 16, 2014.Prior to his appointment as Chairman IndianOil, Mr. B Ashok was Executive Director (Retail Sales) and Executive Director in the Corporate Office at New Delhi
  • Indian Oil profit drops 35%
    New Delhi   30-May-2014
    • IndianOil, the nation's largest oil firm, today reported a 35 per cent drop in fourth-quarter net profit as refining margins shrank and the government did not fully compensate it for losses on fuel sales.
  • IOC inks pact
    Guwahati   06-May-2014
    • IndianOil (IOC), the nation's largest oil company, has signed a pact with National Security Guard (NSG) for supply of fuels and lubricants.
  • lOC inks pact with NSG for fuel supply
    New Delhi   02-May-2014
    • IndianOil (IOC), the nation’s largest oil company, has signed a pact with National Security Guard for supply of fuels and lubricants. IOC will cater to all fuel requirements of NSG, the company said in a statement in New Delhi.
  • IOC to cut Panipat refinery output by 50%
    New Delhi   02-May-2014
    • IndianOil, the country's largest refiner, plans to shut half of its 300,000 barrels per day (bpd) Panipat refinery from Thursday for about 40 days as it plans major maintenance work at some of the units, two company sources said.
  • Indianoil signs MOU with BSF
    New Delhi   24-Apr-2014
    • IndianOil signed a Memorandum of Understanding (MoU) with Border Security Force (BSF) for supplying of primary oils and lubricants in New Delhi.
  • IOC buys 3 million barrels of W African crude oil
    New Delhi   22-Apr-2014
    • IndianOil has bought three million barrels of West African crude oil via a tender for June lifting, including a rare purchase of Nigeria's Okwuibome grade, three trade sources said.
  • IOC to Cut Petrol Prices by 1.2%from Wednesday
    Mumbai   17-Apr-2014
    • HEWDEL%U IndianOil (bc) will cut retail prices of petrol by 12°hfrom Wednesday as the rupee has strengthened against the dollar since the last revision, it said in a statement on Tuesday.
  • Indian Oil bags BML Munjal award for business excellence
    New Delhi   17-Apr-2014
    • 'Fortune Global 500' company IndianOil bags BML Munjal award for business excellence - See more at: http://www.autocarpro.in/ap/news-national/5455/indian-oil-bags-bml-munjal-award-business-excellence#sthash.scS3WgQF.dpuf
  • No Plans to Float Refinery Complex in AP: IOC
    Hyderabad   11-Apr-2014
    • Public sector major IndianOil (IOC) has ruled out the possibility of setting up a plant in the upcoming Petroleum, Chemical, Petrochemical Investment Region (PCPIR) project along Visakhapatnam-Kakinada stretch.
  • Now, buy LPG cylinder from kirana stores, super marts
    New Delhi   09-Apr-2014
    • Running out of cooking gas suddenly won't be such a problem any more. You can always step out and pick up a refill literally off the shelf at a mom-and-pop store or a supermart near your home.
  • Mauritius taps IOC for storage unit
    Kolkata   03-Apr-2014
    • State-owned refiner IndianOil is emerging as a frontrunner to set up a crude storage facility in Mauritius having a planned capacity of 140 million tonnes.
  • PSUs want Delhi-Mumbai ATF model for 6 privatised airports
    New Delhi   31-Mar-2014
    • Fearing that new operators of six soon to-be-privatised airports may take over their aviation turbine fuel (ATF) refuelling facilities, PSU oil firms have asked the government to follow the Delhi and Mumbai airport model of jointly operating the facilities.
  • ONGC, OIL buy 10% govt stake in IOC for 5,340 crore
    New Delhi   26-Mar-2014
    • State-owned ONGC and Oil India Ltd (OIL) on Friday bought 10 percent government stake in IndianOil (IOC) for Rs 5,340 crore. The stake sale has doubled government's disinvestment proceeds for the current fiscal to Rs 10,434 crore.
  • Bengal's silence on HPL surprising : IOC
    New Delhi   24-Mar-2014
    • IndianOil Ltd. (IOC) on Sunday said West Bengal government’s silence on Haldia Petrochemicals Ltd. (HPL) was ‘surprising’ as there has been no communication since the country’s largest oil marketing company made its offer in October last year.
  • IOC may clear Haldia expansion plans
    Kolkata   24-Mar-2014
    • Following lifting of environment ban in Haldia, IndianOil is likely to clear the much talked about Rs 1,200-crore expansion plan of its Haldia refinery.
  • IOC to set up Rs30,000 cr oil refinery at Mundra
    Hyderabad   18-Mar-2014
    • State-owned IndianOil (IOC) is mulling setting up a Rs 30,000 crore refinery at Mundra in Gujarat as part of a plan to increase its processing capacity to 100 million tonnes.
  • ONGC, OIL pick up 5% each in IOC
    Mumbai   18-Mar-2014
    • State-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) have picked up 10 per cent stake in IndianOil (IOC) for Rs 5,340 crore, as part of the government’s strategy to meet the divestment target for this financial year.
  • IndianOil goes bigger on biofuel
    New Delhi   14-Mar-2014
    • INDIANOIL Corporation has taken an important step in the development of technology for advanced biofuels in the country with the opening of a bio- energy research centre at its sprawling R & D complex in Faridabad on Wednesday.
  • IOC plans Rs 30,000 crore refinery
    New Delhi   14-Mar-2014
    • State-owned IndianOilBSE -0.87 % Corp (IOC) is mulling setting up a Rs 30,000 crore refinery at Mundra in Gujarat as part of a plan to increase its processing capacity to 100 million tonnes.
  • IOC signs pact with Progress Energy
    Mumbai   10-Mar-2014
    • Indian Oil Corporation Limited (IOCL) through its wholly owned affiliate IndOil Montney Ltd, Canada have signed transaction agreements with Progress Energy Canada Ltd.
  • ONGC seeks to buy 5% in IOC
    New Delhi   12-Feb-2014
    • An Empowered Group of Ministers (EGoM) is likely to meet soon to consider Oil and Natural Gas Corp’s (ONGC) request to buy a 5 percent stake in Indian Oil Corp (IOC) from the government at a lower price.
  • HPL bid may turn out to be infructuous, says IOC
    New Delhi   05-Feb-2014
    • Indian Oil Corporation's (IOC) bid for buying out West Bengal government's stake in ailing Haldia Petrochemicals Ltd may turn out to be infructuous, a senior company official said on Tuesday.
  • IOC to commission LPG unit near Kochi by 2017
    New Delhi   03-Feb-2014
    • The integrated LPG import facility of the public sector Indian Oil Corporation, on land allotted by the Kochi port, is scheduled to be commissioned by 2017.
  • Canada oil sands to help slash India’s energy bill
    New Delhi   10-Feb-2014
    • The country's efforts to cut down on its ever-increasing oil import bill could get a significant boost as cheaper Canadian crude from its Alberta oil sands bounty will reach Indian shores in large quantities four years from now.
  • Indian Oil Corporation, ONGC Videsh, H-Energy eye Canada’s oil & gas arena
    New Delhi   14-Jan-2014
    • Even as the hurdles on the way to large-scale exports of US shale gas to India have been largely removed with Washington deciding to export super-cooled gas to countries with which it has no free trade pact, Indian energy firms have laid the road map for a major foray into the North American continent with an explicit focus on Canada.
  • Government may sell IOC stake to PSUs
    New Delhi   11-Jan-2014
    • With the petroleum ministry refusing to offload Indian Oil Corporation shares in the market, the government is exploring other options, including selling them to other public sector companies.
  • IOC selloff put off
    New Delhi   10-Jan-2014
    • An empowered ministerial panel today deferred its decision on the IOC divestment after facing strong opposition from the oil ministry.
  • IOC and EIL divestment this month
    New Delhi   08-Jan-2014
    • The Statesman quoted economic affairs secretary Mr Arvind Mayaram as said in an interview that the government plans to sell stakes in Indian Oil Corporation and Engineers India Limited this month and in BHEL in February as it rushes to meet its disinvestment target of INR 40,000 crore.
  • Indian Oil's focus on import substitution
    New Delhi   07-Jan-2014
    • IndianOil is focusing on value addition through the production of import substitution. This was disclosed by Raj Kumar Ghosh, Director [Refineries], Indian Oil, while addressing senior officials of the company in Delhi.
  • Applied Research, the focus of R&D at IOCL
    New Delhi   23-Dec-2013
    • IOCL is focusing on Applied Research that is useful to its existing businesses. It is looking to further enhance the allocation to annual R&D spend of Rs 250 crore under the guidance of R.K. Malhotra, IOCL's Director (R&D).
  • IndianOil stake sale roadshows from today
    New Delhi   12-Nov-2013
    • The government will on Tuesday begin roadshows in the United States for sale of its 10 per cent stake in IndianOil , the nation's largest oil firm, that may fetch as much as Rs 3,900 crore.
  • IndianOil eyes Paradip stake sale
    Kolkata   11-Nov-2013
    • Global energy players are keen to pick up a stake in the Rs 30,000-crore Paradip refinery, whose commissioning is likely to be delayed to the next fiscal.
  • IndianOil shines at international K Fair 2013
    New Delhi   03-Nov-2013
    • IndianOil, the Maharatna oil and gas company of India, recently showcased its petrochemical segment in the K Fair, which is the biggest international trade fair for plastics and rubber.
  • IndianOil bags 7 ABCI awards
    New Delhi   24-Oct-2013
    • The Corporate Communications group of IndianOil bagged seven awards at the 53rd Annual Awards Nite of the Association of Business Communicators of India (ABCI) held recently.
  • IndianOil Chairman Butola walks 15 km to office to save fuel
    New Delhi   20-Oct-2013
    • IndianOil Chairman R.S. Butola walks 15 km to office while ONGC chief Sudhir Vasudeva takes metro once in a week, as the oil PSU heads take lead in shunning petrol or diesel guzzling cars to support Petroleum Minister M. Veerappa Moily’s call for fuel conservation.
  • Solitary bid by IndianOil for HPL stake to be opened today
    New Delhi   10-Oct-2013
    • The solitary bid by Indian Oil Corporation (IOC) for the 31% stake of Haldia Petrochemicals (HPL) that is on offer will be opened on Thursday and there is considerable speculation in corporate circles about the state-owned refiner's chances of succeeding.
  • IndianOil sole bidder for HPL stake as biggies quit race
    New Delhi   08-Oct-2013
    • In a surprise move, state-owned Indian Oil Corp (IOC) has emerged as the sole bidder for the West Bengal government's stake in Haldia Petrochemicals (HPL), with an offer of less than R3,000 crore.
  • IndianOil chief wants stake sale process called off
    New Delhi   01-Oct-2013
    • The roadshows to disinvest 10 per cent of government equity in IndianOil may be called off as the head of the state-owned refining and marketing company has cautioned that the timing was not right due to the "prevailing uncertain environment".
  • Deepak, Prabhjot rise to the occasion for IndianOil
    New Delhi   23-Sep-2013
    • IndianOil, led by sparkling performances from Deepak Thakur and Prabhjot Singh, claimed the Gold Cup and MCC Challenge Trophy with a 6-4 win over Indian Overseas Bank (IOB)in the MCC-Murugappa hockey tournament at the Mayor Radhakrishnan Stadium here on Sunday.
  • IndianOil, PNB notch up big wins
    New Delhi   18-Sep-2013
    • There was precious little that was praiseworthy about the two matches that were completed in the MCC-Murugappa Gold Cup hockey tournament on Tuesday.
  • OVL-IOC-Petronet consortia in talks for stake in Yamal
    New Delhi   10-Sep-2013
    • A consortium of ONGC Videsh Ltd, Indian Oil Corp and Petronet LNG Ltd is in talks to buy about 9-10 per cent stake in Russian natural-gas producer OAO Novatek's $20 billion Yamal LNG Project.
  • Govt plans to sell stake in 5 PSUs this fiscal
    New Delhi   24-Aug-2013
    • The government plans to offload 5-10% stake in five companies, including IndianOil, Engineers India (EIL) and BHEL, to achieve disinvestment target of Rs 40,000 crore in the current fiscal.
  • IndianOil to go ahead with LNG project in TN
    New Delhi   22-Aug-2013
    • The chief of Indian Oil Corporation (IOC) indicated that the company is firm on implementing its LNG project in Tamil Nadu even as its efforts to rope in a strategic partner have not fructified so far.
  • IndianOil reports Rs.3,093 cr net loss
    New Delhi   14-Aug-2013
    • The continued depreciation in rupee value and inadequate compensation for selling subsidised petroleum products took a toll of the balance-sheet of Indian Oil Corporation (IOC) with the company on Tuesday reporting a net loss of Rs.3,093.23 crore for the April-June quarter.
  • Parliamentary Standing Committee reviews IndianOil
    Ahmedabad   09-Aug-2013
    • The Parliamentary Standing Committee on Science and Technology, Environment and Forests, headed by the chairman of the committee, Dr. T Subbarami Reddy, recently visited Jamnagar to oversee the various pollution mitigation measures taken by IndianOil.
  • IndianOil presents awards
    New Delhi   08-Aug-2013
    • V.S. Okhde, Director (Pipelines), IndianOil presented the ‘Best Station Awards’ to pipeline installations under Delivery/Terminal Stations, Pump Stations, and Tank Farm Station categories.
  • IndianOil may cut Iran Oil imports by 23%
    New Delhi   07-Aug-2013
    • State-owned Indian Oil Corporation (IOC) plans to cut crude oil imports from Iran by over 23% in the current year, petroleum minister M Veerappa Moily said on Tuesday.
  • IndianOil participates in conference
    New Delhi   01-Aug-2013
    • IndianOil participated in Scope Cargo International Conference and Exhibition 2013 which was held in Chennai Trade Centre recently.
  • Time not right for IndianOil stake sale, says oil ministry
    New Delhi   31-Jul-2013
    • The government would be able to mobilise only Rs 5,300 crore by offloading 10 per cent stake in the state-run Indian Oil Corporation (IOC) owing to uncertainties on under-recoveries and likely introduction of export parity pricing, the petroleum ministry has cautioned.
  • IndianOil, Idco tie up for gas distribution
    New Delhi   30-Jul-2013
    • IndianOil, the largest oil marketing company, on Monday, signed a memorandum of understanding (MoU) with Odisha Industrial Infrastructure Corporation Ltd (Idco) for development of natural gas infrastructure in the state.
  • IndianOil raises $500 mn in dollar bonds issue
    New Delhi   30-Jul-2013
    • State-owned Indian Oil Corp (IOC) on Monday said that it has raised $500 million by selling 10-year dollar-denominated bonds, its fourth such issue overseas in three and a half years.
  • IndianOil’s WRPL Bareja hosts Security Meet
    Ahmedabad   26-Jul-2013
    • WRPL Bareja recently organised a Security Meet at the Bareja installation which was attended by CPI, PI, PSIs of various Police Stations of Anand, Nadiad, Kheda and Ahmedabad districts, which included PIs from Intelligence and local crime branch.
  • Eco-innovation award for Bongaigaon Refinery
    Guwahati   25-Jul-2013
    • Bongaigaon Refinery bagged the Golden Peacock Eco-Innovation Award 2013, given by the Institute of Directors (IOD), an apex body of company directors and CEOs, for corporate excellence.
  • Sanjiv Singh now ED of IndianOil Paradip project
    New Delhi   25-Jul-2013
    • Sanjiv Singh has taken over as executive director in-charge of IndianOil’s refinery project at Paradip. Prior to this, Singh was the executive director of IndianOil’s refinery and petrochemical complex at Panipat.
  • Cabinet likely to decide on IndianOil stake sale today
    New Delhi   25-Jul-2013
    • The Cabinet will on Thursday consider a proposal to divest 10% in Indian Oil Corporation (IOC), the country's biggest oil marketing company. The government currently holds 78.92% in the company.
  • IOC-DBT joint initiative
    New Delhi   23-Jul-2013
    • In a significant development aimed at boosting research in bio-fuels in the country on micro-algae technology, IndianOil and the Department of Biotechnology (DBT) have jointly set up a Centre for Advanced Bio-Energy Research.
  • State to sign fresh MoU with IndianOil for DPC
    New Delhi   22-Jul-2013
    • Expressing concern over the delay in execution of refinery and petrochemicals complex at Paradip by Indian Oil Corporation Ltd (IOCL), the Odisha government has decided to sign a fresh memorandum of understanding (MoU) with the company to fix a firm timeline to set up the downstream petrochemicals project.
  • Cabinet nod for IndianOil share sale soon
    New Delhi   22-Jul-2013
    • The Cabinet at its meeting next week might approve the sale of a 10 percent of government stake in Indian Oil Corporation (IOC), which could fetch over Rs 4,300 crore to the exchequer, said sources.
  • IndianOil hardsells bonds in Asia & Europe, to raise $500 m
    New Delhi   17-Jul-2013
    • After a lull of nearly two months in the US-dollar bond market, Indian Oil Corporation (IOC) will start on Wednesday roadshows in Asia and Europe to market its planned US-dollar denominated bonds. The public sector oil company is looking to raise about $500 million.
  • Donation to Ramakrishna Mission
    Kolkata   12-Jul-2013
    • IndianOil provided school uniforms, exercise books, shoes and school bags to all the students of Gadadhar Pathshala run by Sri Ramakrishna Mission Institute of Culture in Kolkata recently.
  • IndianOil seeks pricing linked to imports
    New Delhi   11-Jul-2013
    • State-run IndianOil (IOC) has questioned the finance ministry's move to link cooking and auto fuel prices to what they would fetch if exported while pointing out the recent decision to link domestic gas prices to the imported cost.
  • Essar Projects bags IndianOil's safety-related contract
    New Delhi   09-Jul-2013
    • Dubai-based engineering firm Essar Projects today said it has bagged a contract from Indian Oil Corporation to implement process safety related improvements at its terminals and depots across the country.
  • 17 merchant bankers in race for IndianOil disinvestment
    New Delhi   08-Jul-2013
    • Citibank, Goldman Sachs and ICICI Securities are among 17 merchant bankers in the race to manage the sale of 10 % of the government's stake in Indian Oil Corporation (IOC), which is valued at over Rs 4,300 crore.
  • Environ panel okays IndianOil’s pipeline plan
    Mumbai   06-Jul-2013
    • An environment ministry committee has recommended that clearance be given to state-owned Indian Oil Corp Ltd’s plan to lay pipelines from its Paradip Refinery to south jetty at Paradip Port in Odisha.
  • IndianOil stopped supplying subsidised gas after govt communication
    Ranchi   06-Jul-2013
    • India has withdrawn all subsidy on cooking gas and kerosene being provided to Bhutan arguably India’s only unquestioned friend among its neighbours creating a huge crisis in the tiny, landlocked kingdom and bringing bilateral ties under strain.
  • IndianOil adjudged “Oil & Gas Marketing Company of the Year”
    New Delhi   03-Jul-2013
    • The country’s leading marketer of petroleum products, Indian Oil Corporation (IndianOil), has bagged the coveted ‘Oil & Gas Marketing Company of the Year’ Award for 2012, instituted by PetroFed (Petroleum Federation of India), in recognition of its leadership performance in marketing petroleum products and natural gas in India.
  • Indian Oil take steps to ensure fuel supply in flood-hit Uttarakhand
    New Delhi   26-Jun-2013
    • Stepping in to help relief work in flood-ravaged Uttarakhand, oil companies have made arrangements to ensure uninterrupted supply of fuel in the affected areas as well as to relief teams of Indian Army, Air Force, ITBP and Border Roads Organisation.
  • IndianOil ensures availability of petroleum products in Uttarakhand & HP
    New Delhi   25-Jun-2013
    • In the wake of the unprecedented flash-floods and landslides that devastated most parts of the Uttarakhand State, Indian Oil Corporation (IndianOil) has made all arrangements to ensure uninterrupted supply of petroleum products in the affected areas and fuel for the relief teams of the Indian Army, Indian Air Force, ITBP, Border Roads Organisation and other organisations engaged in the rescue operations.
  • Ennore Port, IndianOil to sign deal for LNG plant
    New Delhi   18-Jun-2013
    • Ennore Port Ltd will soon sign an agreement with Indian Oil Corporation Ltd to transfer 132 acres of port land to the corporation. This is to kick-start the Rs 4,320-crore liquefied natural gas (LNG) plant at Ennore to supply piped
  • IndianOil to supply petroleum products to Reunion Island
    Chandigarh   15-Jun-2013
    • The signing of an agreement between Indian Oil Corporation and the French island of Reunion for import and distribution of refined petroleum products marks a key milestone in the efforts of the Indian Ocean island to develop ties with India.
  • CIL, IOC, MMTC give push to divestment
    New Delhi   14-Jun-2013
    • The finance ministry is planning to go ahead with a 10 per cent stake sale in Coal India Ltd (CIL), which could fetch it around Rs 20,000 crore-half of its target of Rs 40,000 crore from disinvestment proceeds this year.
  • Six oil giants in the race to buy a stake in Haldia Petro
    Kolkata   11-Jun-2013
    • Six major companies — Oil & Natural Gas Corporation (ONGC), IndianOil, Gas Authority of India Ltd (GAIL), Reliance Industries Ltd (RIL), Essar Oil and Cairn India — have evinced interest in buying off the stake of the
  • IndianOil's Skunk Works
    New Delhi   11-Jun-2013
    • Inside The Oil Company’s Lab That’s Seeking An Alternative Fuel Source
  • IndianOil marks World Environment Day
    Mumbai   06-Jun-2013
    • IndianOil marked World Environment Day to pledge its commitment to sustainable development by balancing economic growth with clean environment.
  • IndianOil plans Rs 11,000-cr capex for this year
    New Delhi   29-May-2013
    • A large part of this investment, about Rs 5,000 crore, would go to the Paradip refinery The IndianOil is planning to spend Rs 11,000 crore in the current financial year
  • IndianOil’s WRPL Gauridad observes Anti Terrorism Day
    Ahmedabad   24-May-2013
    • IndianOil’s Western Region Pipelines observed the Anti Terrorism Day across all locations to mark the 22nd death anniversary of former Prime Minister Rajiv Gandhi under the aegis of Ministry of Home Affairs.
  • IndianOil, Ceylon Petroleum set to form JV
    New Delhi   25-May-2013
    • IndianOil and Ceylon Petroleum Corporation (CPC) are set to form a joint venture (JV) for taking up various initiatives in the oil and gas sector, including supply of LNG to Sri Lanka by Petronet LNG Limited (PLL) to feed power plants in that country.
  • BS Canth takes over as ED of IndianOil’s AP office
    Hyderabad   22-May-2013
    • BS Canth took over as executive director of Indian Oil Corporation’s Andhra Pradesh State Office (APSO) recently in place of PM Nazirudden who has moved to the corporation’s western regional office in Mumbai.
  • IOC achieves technological breakthrough
    New Delhi   22-May-2013
    • State-owned Indian Oil Corp (IOC) today said it has developed technology that will help advance the use of non-edible oil extracted from plants like Jatropha
  • IndianOil’s new ED takes charge
    New Delhi   14-May-2013
    • P.M. Mazirudeen has taken charge as Executive Director (regional services) at the Mumbai western regional office of IndianOil, which caters to the service needs of five states.
  • Hike in polymer duty to help RIL
    New Delhi   14-May-2013
    • The petrochemicals manufacturing business of the Mukesh Ambani-owned Reliance Industries Limited is bound to register a substantial profit, now that the government has decided to raise the import duty
  • Diesel price hiked by Rs.1.02 per litre
    New Delhi   11-May-2013
    • Diesel prices were on Friday hiked by Rs1.02 per litre, the fourth increase in rates this year. State-owned oil firms, which had been mandated in January to raise prices by up to 50 paisa per litre every month
  • IndianOil organises Channel Partners’ Meet
    New Delhi   10-May-2013
    • IndianOil recently organised a channel partners’ meet in Chandigarh. Sudeb Gupta, Executive Director, Punjab, Himachal Pradesh, J&K UT and Chandigarh interacted with the retail outlet dealers.
  • Cabinet clears IndianOil LNG plant at Ennore
    New Delhi   13-May-2013
    • Ennore Port will be able to lease 5.2 lakh sq m of land to a joint venture led by IndianOil for setting up a LNG storage and regasification plant at the port.
  • IndianOil plans five new oil deals
    New Delhi   09-May-2013
    • IndianOil plans to add three Latin American and two middle-eastern countries to its annual oil purchase deals during the fiscal year through March, a Parliamentary Committee said, as the energy-hungry nation diversifies its crude basket.
  • Indane LPG plant bags Delhi Safety Award
    New Delhi   06-May-2013
    • The Indane LPG Bottling Plant, Madanpur Khadar, New Delhi bagged Delhi Safety Award 2013. Vijay Narayan, Chief Plant Manager, Indane LPG Bottling Plnat
  • IndianOil to resume work in Lakshadweep
    Mumbai   30-Apr-2013
    • Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed the Lok Sabha that IndianOil has initiated action for restarting work for setting up bulk storage facilities for handling
  • 2012 TPM Awards Cermony
    New Delhi   30-Apr-2013
    • L.W. Khongwir, General Manger (Technical) (2nd from right) and M.N. Das. Dy. Manger
  • IndianOil looks forward to Paradip Refinery
    New Delhi   29-Apr-2013
    • Commissioning due in 5 months, though full supply pipeline and clearances awaited’ with proposed PCPIR, hope for spurring development of region
  • Debt-laden Tata Steel plans to raise $250 m in Singapore Bonds
    Hyderabad   25-Apr-2013
    • Tata Steel, the debt-laden metals company, is looking to raise about 250 million Singapore dollars in its first foreign currency bond issue this fiscal to repay some of its foreign loans, bankers familiar with the matter said.
  • IndianOil plans major maintenance at refineries in FY14
    New Delhi   25-Apr-2013
    • State-run IndianOil Corp is planning major maintenance at its refineries in the fiscal year that began on April 1, including a complete shutdown of its 160,000-barrels per day (bpd) Mathura plant, a company source said on Tuesday.
  • Petrol price cut by Re 1 per litre
    New Delhi   16-Apr-2013
    • Petrol price was on Monday cut by Re. 1 per litre, effective midnight tonight - the third reduction in rates in one month.
  • Paradip port in talks with IndianOil for LNG terminal
    New Delhi   09-Apr-2013
    • Paradip Port Trust (PPT) has initiated dialogue with IndianOil for setting up an LNG terminal at the port. “At the preliminary level discussion, we’ve furnished all the information IndianOil
  • Award for IndianOil
    New Delhi   29-Mar-2013
    • IndianOil received the 'Best International Partner' Award for the year 2012 by Skytanking GmbH, Germany, at the International Aviation Conference hosted by IndianOil at Jaipur recently.
  • India votes in favour of resolution on Sri Lanka
    New Delhi   22-Mar-2013
    • India on Thursday voted in favour of a US-sponsored resolution censuring Sri Lanka on its human rights record, disregarding the risk of embittering ties with the island nation in a move that was criticized by analysts,
  • IndianOil plans to upgrade capacity of Doimukh Depot
    New Delhi   14-Mar-2013
    • The IndianOil BSE 0.52 % has chalked out a massive plan to upgrade the capacity of its Doimukh depot, near here and proposed to transport oil to the depot through railway tanker once the railway track from Harmutty in Assam to Naharlagun is commissioned.
  • IndianOil receives Air BP's Global Operational Excellence Award
    New Delhi   13-Mar-2013
    • Mr. M Nene, Director (Marketing) and Mr. R Sareen ED (Aviation)received Air BP's Global Operational Excellence Award from Air BP (Dubai) Regional Operations & HSSE Manager Mr. Prasad Ayyakad and Air BP (UK) Senior Business Development Manager Peter Gallen.
  • India offers Kuwait stake in petrochemical plants
    New Delhi   12-Mar-2013
    • India on Monday offered Kuwait a stake in state-owned ONGC’s Rs. 21,396-crore petrochemical plant at Dahej in Gujarat and in IndianOil’s proposed chemical unit at Paradip as it looks to strength ties with the oil rich nation.
  • International Women’s Day 2013
    New Delhi   11-Mar-2013
    • Mr. V.S. Okhde, Director (Pipelines) delivered his keynote address at a panel discussion on ‘Career Women: Contemporary Issues and Challenges’ to mark International Women’s Day at Pipelines Division Head Office (PLHO), Noida, UP.
  • IndianOil mulls 10% stake in Aranmula Airport
    Chennai   11-Mar-2013
    • Close on the heels of Kerala state government picking up 10% stake in the upcoming greenfield airport in Aranmula, PSU oil giant IndianOil is negotiating a 10% stake in the project.
  • ONGC, SAIL, IndianOil to receive SCOPE Meritorious Awards
    New Delhi   07-Mar-2013
    • PSIJs Iike ONGC SAIL and lndianOil wiII be among the seven state-owned units to be conferred the SCOPE Meritorious Awards 2011-12 next month. Standing conference of Public Enterprises which is an apex body of PSUs, on Wednesday announced the names of awardees of' SCOPE Meritorious Awards.
  • International Aviation Conference
    New Delhi   04-Mar-2013
    • The 19th edition of the International Aviation Conference hosted by IndianOil commenced here on Friday with participation
  • Abu Dhabi oil firm may partner IndianOil, ONGC in FDI move
    Mumbai   28-Feb-2013
    • In what may attract a big chunk of foreign direct investment (FDI) into India, the government is said to have offered Abu Dhabi National Oil Company (ADNOC) a host of investment opportunities in the refining and
  • Annual Oil Industry Safety Directorate conference
    New Delhi   26-Feb-2013
    • MoS tor Petroleum & Natural Gas, Panabaka Lakshmi inaugurated the Annual Oil Industry Safety Directorate conference on Building Safety Culture in Organisation through Inspiring Leadership at Kolkata In the presence
  • IndianOil bags prize
    Mumbai   26-Feb-2013
    • IndianOil won the second prize in the Best Enterprise (Maharatna/Navratna) category for its women's development
  • IndianOil holds innovation meet
    New Delhi   22-Feb-2013
    • IndianOil’s Pipelines Division celebrated a Festival of Ideas coinciding with Productivity Week, which received overwhelming response from employees from across the Division who submitted nearly 1000 ideas and suggestions.
  • Musical talent show enthralls IndianOil
    New Delhi   19-Feb-2013
    • The third edition of IndianOil Idol a popular musical talent show held across IndianOil refineries division as part of employee engagement initiative 'Utsav Abhivyakti' ended on a scintillating note in Noida. After the mega finals,
  • OISD Conference
    New Delhi   19-Feb-2013
    • The Annual Oil Industry Safety Directorate (OISD) Conference on the theme Building Safety Culture In Organisation through Inspiring Leadership' was held in Kolkata recently 2013. The conference was Inaugurated by
  • Drop in bulk diesel sales not a trend: IndianOil
    Chandigarh   15-Feb-2013
    • The considerable drop in bulk diesel sales in the country following partial deregulation of the prices of the fuel in January may not be a "trend", IndianOil said Friday.
  • 2 held for oil theft from IndianOil pipeline
    Ahmedabad   15-Feb-2013
    • Officials of special operation group of Ahmedabad police on Thursday nabbed two persons involved in oil theft from the pipeline of IndianOil. A complaint in this regard was lodged by IndianOil officers on January 27. The arrested have been
  • Will still lose 10.3/L on diesel: IndianOil
    New Delhi   16-Feb-2013
    • A statement by IndianOil, the country’s largest refiner-retailer, said they would continue to lose Rs 10.3 a litre on diesel even after two consecutive revisions as cost of crude has risen by 4% to $113.2 a barrel.
  • Diesel price hiked by 45 paise a litre, petrol Rs.1.50
    New Delhi   16-Feb-2013
    • Diesel will become costlier by 45 paise per litre and petrol by Rs.1.50 a litre from Friday-Saturday midnight due to increase in crude oil prices in international markets, oil marketing firms said Friday.
  • Bulk diesel sales dip due to price differential
    New Delhi   16-Feb-2013
    • It has been a little less than a month since bulk diesel prices were deregulated in India with an aim to reduce the under-recoveries of state-owned oil marketing companies (OMC). But, the Rs 10-a-litre price differential between bulk and retail
  • Festival of Ideas at IndianOil Pipelines Division
    New Delhi   08-Feb-2013
    • Mr. V.S. Okhde, Director (Pipelines), IndianOil, kicked off the Festival of Ideas 2013 by unveiling a poster at IndianOil's Pipelines Division. Mr. Suneel Sethi, ED (Human Resources), Mr. R. Shankar, ED(Finance), Mr. K. Vijay,
  • IndianOil fire: Victims’ kin get compensation
    Ahmedabad   28-Jan-2013
    • It is 20 days since the devastating fire at IndianOil, Hazira depot near here claimed three lives and two persons went missing. However, the company officials have yet to release the compensation of Rs five lakh each to the
  • Cellphone may have triggered IndianOil depot fire
    New delhi   22-Jan-2013
    • Think twice before using your mobile phone at a petrol pump. Static electricity, which gives you a shock when you touch your sweater, from your handset can spark off a major fire if it comes into contact with petroleum fumes that
  • ‘In dual pricing, there is always an incentive to divert’
    New Delhi   19-Jan-2013
    • After the capping of subsidised LPG cylinders last September, market pricing for bulk diesel consumers and a periodic hike for individual consumers are being seen as small steps towards complete pricing freedom for oil
  • Keen to bid for Bengal Govt's HPL shares: IOC
    New Delhi   16-Jan-2013
    • Indian Oil Corporation (IOC) would be keen to participate in the bidding process to acquire Bengal government's stake in cash strapped Haldia Petrochemicals. Indrajit Bose, executive director of IOC said here on Tuesday.
  • IndianOil's Pipelines Division organises HR Conclave
    New Delhi   15-Jan-2013
    • Mr. V. S. Okhde, Director (Pipelines) inaugurated the fourth edition of a day-long HR Conclave organised by Pipelines Division in the gracious presence of Dr. Prajapati Trivedi, Secretary (Performance Management), Cabinet
  • The Big 5
    New Delhi   13-Jan-2013
    • The Big 5
  • Rain Water Harvesting Project
    Kolkata   10-Jan-2013
    • Mr. MK Sinha, GM, I /C (RS) eastern region. IndianOil inaugurated the rain water harvesting project at Ultadanga, Durgapur and organic waste converter (bio gas plant) at eastern regional office, Kolkata.
  • Minister visits site of fire at Hazira
    New Delhi   11-Jan-2013
    • The Union Minister of Petroleum & Natural Gas, Veerappa Moily, visited the site of the fire incident at IndianOil’s Hazira Terminal this noon to take stock of the situation. R.S. Butola, Chairman, lndianOil
  • IndianOil gas pipeline project hits sticky patch
    New Delhi   09-Jan-2013
    • The IndianOil’s Rs 910-crore LPG pipeline project has hit a 20-acre sticky patch in Haldia. The land is crucial since the oil major has planned a pumping station on it which would enable gas flow through
  • Don’t invest in Haldia Petro, ministry tells IndianOil
    New Delhi   09-Jan-2013
    • The Union petroleum ministry has issued directives to IndianOil to not consider any investment in Haldia Petrochemicals (HPL) since the oil major has no room to leverage its finances with government subsidy
  • Award
    New Delhi   04-Jan-2013
    • IndianOil's Refineries at HaIdia and Digboi and the Naptha Cracker Unit at Panipat were conferred the Energy Conservation award. The awards were received by Rajkumar Ohosh, Director(Ret), IndianOil,
  • 3 killed in fire at Hazira IndianOil plant in Surat
    New Delhi   04-Jan-2013
    • Bodies of three workers were recovered from the storage tanker which went up in flames on Saturday afternoon at the Hazira IndianOil plant in Surat. For almost 24 hours, about 100 fire tenders
  • IndianOil achieved highest pipeline throughput in 2012
    New Delhi   03-Jan-2013
    • IndianOil Director (Pipelines) Mr. V S Okhde has announced that the company's Pipelines Division achieved a throughput of 74.8 million tonnes (mt) in 2012, which is its highest so far in a calendar year.
  • Energy Conservation Award to IndianOil
    New Delhi   01-Jan-2013
    • IndianOil's Refineries at Haldia and Digboi and the Naptha Cracker Unit at Panipat were conferred with Energy Conservation Award in the glittering ceremony recently held at Vigyan Bhavan, New Delhi recently.
  • IndianOil will invest Rs 56000 cr during 12th Plan
    New Delhi   26-Dec-2012
    • IndianOil will invest Rs 10,000 crore this year, with a major chunk of it going to the Paradip refinery. In an interview with Jyoti Mukul IndianOil’s Chairman and Managing Director, R S Butola, talks about
  • IndianOil dealership row
    New Delhi   24-Dec-2012
    • The Supreme Court has stated that if irregularity was detected in the selection of candidates for dealership of public sector IndianOil Company, it was better to have a fresh selection instead of rearranging
  • IndianOil camp
    Kolkata   21-Dec-2012
    • In a bid to support talented sports professionals, IndianOil has associated itself with Monteswari Table Tennis Coaching Camp. Chief Guest, MK Sinha, GM 1/C (regional services), Eastern Region,
  • IndianOil brands awarded
    New Delhi   22-Dec-2012
    • IndianOil brands, <i>SERVO </i>and Indane, have been voted Consumer Superbrands for the year 20i.2. Among the 2,000 brands considered, only 86 lndian brands were chosen as Superbrands this year,
  • IndianOil ED (HR) felicitated with HR awards
    New Delhi   21-Dec-2012
    • Mr. Satish Kumar, ED (HR), IndianOil has been felicitated with The Africa HR Leadership Awards presented by World HRD Congress and the HR Leadership Awards by India Human Capital as a mark
  • Borrowing costs have become a big burden
    New Delhi   21-Dec-2012
    • The public sector Indian Oil Corpora¬tion (IOC) has constantly seen an ero¬sion In profitability for the past few years while the rising under-recoveries has left the entity with virtually no cash to meet its mammoth investment needs.
  • IndianOil SGD bonds in IFR Asia’s 2012 Roll of Honour
    New Delhi   18-Dec-2012
    • International Financing Review Asia (IFR Asia), one of the most coveted capital markets agencies in Asia, has awarded the Indian Capital Market Deal of the Year 2012 to IndianOil’s recently issued
  • Oil Secy to take up OMCs' issues weekly
    New Delhi   11-Dec-2012
    • The oil secretary will directly monitor marketing operations of state firms every week to ensure smooth transition to the proposed cash transfer of fuel subsidies and assess cooking gas supply to customers
  • IndianOil info
    Kolkata   07-Dec-2012
    • LPG customers in J&K, Manipur, Tripura, Himachal Pradesh, Jhark hand, Punjab and Puducherry can now avail of new subsidized LPG connections. Prospective customers in these 11 states who have registered
  • Diesel consumption falls to 10-month low in October
    New Delhi   03-Dec-2012
    • Diesel consumption in October fell to a 10-month low of 6.8 per cent, after a rather steep increase of Rs 5 per litre on September 13. Growth had slightly moderated in September to 7.4 per cent.
  • IndianOil wins CSR Corporate Governance Award
    New Delhi   02-Dec-2012
    • IndianOil ED (HR)-Mktg HO H S Bedi and SM (HR)-CO Bibhutt Pradhan receiving the IPE CSR Corporate Governance Award on behalf of the company from Indira Gandhi Institute of Development
  • MoC
    New Delhi   02-Dec-2012
    • IndianOil ED (HR), CO Satish Kumar signing an MoC with TISS Centre for Governance & Public Policy Chairpetson B Venkatesh.
  • Visit
    New Delhi   30-Nov-2012
    • M Vijaywargiya ED(Projs) visits the stall put up by Paradip Refinery Project of IndianOil at Enterprise Odisha, 2012. The 15 million metric tonnes designed capacity-Paradip Refinery Project is to be completed
  • Achievement
    New Delhi   30-Nov-2012
    • IndianOil is examining possibilies of 15 million metric tone refinery at the west-cost. Indian Oil's present refining capacity of 5420 MMT will be raised to 100 MMT by 2020-21, said RajKumar Ghosh, Dir (Re),
  • MINZ strikes twice in IndianOil win over PNB
    New Delhi   29-Nov-2012
    • Rosan Minz scored twice as IndianOil rallied to beat Punjab National Bank 3-2 on the second day of the Lal Bahadur Shastri men's hockey tournament here on Wednesday.
  • Fourth coke drum of DCU erected at Paradip refinery
    New Delhi   29-Nov-2012
    • PARADIP Oil Refinery project of IndianOil has successfully erected its fourth coke drum of the Delayed Coker Unit (DCU) which is the world's largest unit, at the plant site today. The plant will be commissioned in November 2013,
  • Adani, Shapoorji offer sites for IndianOil refinery
    New Delhi   28-Nov-2012
    • Flagship refiner-marketer IndianOil is in touch with Gujarat-based Adani and Mumbai-based Shapoorji Pallonji groups for land to set up a refinery on the west coast at an investment of Rs 30,000. Sources said the Adani group
  • IndianOil looks abroad to bag stakes in oil & gas blocks
    New Delhi   28-Nov-2012
    • Following ONGC's recent successes in picking up stakes in foreign countries, the state-run IOC has stepped up its overseas initiatives with concrete plans to garner stakes in hydrocarbon assets and kickstart its marketing
  • IndianOil plans refinery on West Coast
    New Delhi   28-Nov-2012
    • State-owned IndianOil on Tuesday plans to set up a Rs. 30,000-crore refinery on the West coast in Gujarat or Maharashtra, as a part of its ambitious expansion plans. IndianOil has seven refineries totalling 54.2
  • IndianOil GSO observes VAW
    Mumbai   19-Nov-2012
    • IndianOil’s Gujarat State Office (GSO) observed Vigilance Awareness Week at Ahmedabad recently. The function was inaugurated by Mr. SK Diwan, ED, GSO, by administering the Vigilance pledge to all the employees.
  • IndianOil records net profit of Rs. 9,611.35 cr
    New Delhi   12-Nov-2012
    • The IndianOil Corporation has reported a net profit of Rs. 9,611.35 cr in the quarter ended September 30 as against a net loss of Rs 7,485.55 cr in the corresponding period of the last financial year.
  • Energising Vigilance
    New Delhi   08-Nov-2012
    • llndianOil's Sunil Kumur Singh, CVQ, V 5 Okhde , Director (Pipelines) and Suneel Sethi, ED (HR) were present at a Vigilance Awareness Week programme of the company's Pipelines Division at Noida.
  • Bongaigaon Refinery awarded Greentech Environment
    Guwahati   07-Nov-2012
    • In recognition of its outstanding performance in the field of Environment Management, Bongaigaon Refinery has been awarded the prestigious '13th Annual Greentech Environment Excellence Award, 2012'
  • Address by IndianOil CVO
    Chennai   07-Nov-2012
    • On the occasion of Vigilance Awareness Week (October 29 to November 3), Sunil Kumar Singh, IAS, Chief Vigilance Officer, IndianOil, addressed employees of the Southern Regional Office (SRO) in Chennal
  • lndianOil Extends KYC deadline
    Mumbai   05-Nov-2012
    • The deadline for submission of KYC (Know Your Customer) details in the prescribed form along with Proof of Identity (P01) and Proof of Address (POA) by multiple LPG connection-holders has now been
  • Rajbhasha Ratna Samman for DGM IndianOil
    New Delhi   06-Nov-2012
    • Rajbhasha Ratna Samman by Rajbhasha Swabhiman Nyas has been conferred on Dr. Ajit Pathak, Deputy General Manager (Corporate Communications), IndianOil. Dr Pathak received the award from former
  • IndianOil officer conferred Aadhaar Excellence Award by PM
    Mumbai   02-Nov-2012
    • P Jayadevan, IndianOil’s Chief Manager (LPG-Sales ),based at its Marketing Headquarters, Mumbai, was conferred the Aadhaar Excellence Award by the Prime Minister of India, Dr. ManMohan Singh, at the 2nd anniversary
  • IndianOil Gujarat observes Vigilance Awareness Week
    Ahmedabad   02-Nov-2012
    • IndianOil Gujarat State office at Ahmedabad observed the vigilance awareness week recently wherein S K Diwari, ED, IndianOil, Gujarat inaugurated the function by administering the integrity pledge to all employees.
  • PetroTech Buyers-Sellers meet
    Mumbai   28-Oct-2012
    • B. Prasada Rao delivered the keynote address at the Buyers-Sellers meet during the inaugural session at Petrotech 2012 on the occasion of the 10th International Oil & Gas Conference being organised in New Delhi.
  • Vigilance awareness week
    New Delhi   30-Oct-2012
    • IndianOil launched the vigilance week celebrations on Monday in the presence of Vigilance Commissioner Mr. R Sri Kumar, Mr. VS Okhde Director (pipelines), SK Singh, CVO, Mr. RK Malhotra, Director (R&D),
  • Petrotech-2O12 Golf Tournament
    New Delhi   30-Oct-2012
    • Petrotech-2O12 Golf Tournament was organised at the 18-hole Jaypee Greens, Greater Noida, recently. Mr.R.S. Butola, Chairman, IndianOil, welcomed the guests. The event was inaugurated by Admiral
  • IndianOil CVO visits Gujarat Refinery
    Ahemadabad   26-Oct-2012
    • On his recent visit to Gujarat Refinery, Mr. S. K. Singh, (IAS), Chief Vigilance Officer was welcomed by Mr. Prithwiraj Sur, ED (I/c) and Mr. Gautam Roy, ED (T).
  • IndianOil plans Panipat refinery expansion
    New Delhi   25-Oct-2012
    • IndianOil is considering expansion of Panipat refinery by 6 million tonnes (mt). Located in Uttar Pradesh, the refinery currently distils 15 mt of crude oil.
  • IndianOil pays R1.35 cr dividend to Guj governor
    Ahmedabad   23-Oct-2012
    • A dividend cheque of Rs 1.35 crores was handed over by executive director, IndianOil Gujarat, Mr.SK Diwan to governor of Gujarat, Dr Kamla. The Gujarat government holds 27 Lakh equity shares of IndianOil.
  • Students must participate in fests to enhance knowledge
    Belgaum   19-Oct-2012
    • IndianOil Chief Divisional Manager R Subramanian has called upon the students to participate in tests and quiz events as they add value to their knowl¬edge and it also helps to take up esteemed and pro-fessional
  • Getting investor-friendly
    New Delhi   15-Oct-2012
    • Petroleum Minister Jaipal Reddy, flanked by Secretary G.C. Chaturvedi, and IndianOil Chairman R.S.Butola, at the Inauguration of the Media Centre at Petrotech 2012 conference In the Capital on Sunday.
  • IndianOil, Korea Gas ink E&P pact
    New Delhi   18-Oct-2012
    • IndianOil, the country's largest company, and Korea Gas Corporation [KOGAS] have signed a memorandum of understanding [MoU] for joint participation in exploration and production [E&P] of gas and oil at the global level and developing
  • IndianOil ends project in record 32 months
    New Delhi   19-Oct-2012
    • The Project Team of IndianOil's Refineries Division has won the Petrotech Special Technical Award 2012 for Project Management for completing the motor spirit quality upgradation project at the Barauni, Guwahati and Digboi
  • IndianOil holds curtain raiser of Petrotech 2012
    New Delhi   12-Oct-2012
    • Petrotech 2012, the 10 International Oil & Gas Conference and Exhibition is being organised by IndianOil under the aegis of the Ministry of Petroleum & Natural Gas, during October 14-17, 2012, New Delhi, India.
  • Let petrol prices remain free
    New Delhi   12-Oct-2012
    • The Government still has the last word on petrol pricing, leading to fears that oil refiners may go the Air India way.
  • Global and in Fortune 500, but Powerless
    New Delhi   06-Oct-2012
    • India’s three oil marketing companies are all in the Fortune 500.But they have little real power because of fuel price control. And ironically, even price reform comes with its own problems, says Rajeev Jayaswal
  • IndianOil, HPC row over LPG supply
    Kochi   08-Oct-2012
    • The crisis in LPG bulk supply and retail distribution in Kerala has snowballed into a rift between two major oil companies IndianOil and Hindustan Petroleum Corporation Ltd(HPCL).
  • IndianOil cuts petrol price by 56 paise
    New Delhi   09-Oct-2012
    • Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times. The fuel will cost Rs 67.90 a litre
  • IndianOil Gujarat wins Rajya Bhasha Puraskar
    Mumbai   05-Oct-2012
    • IndianOil’s Gujarat State was awarded the best trophy for Hindi Implementation for the year 2011-12. Mr. SK Diwan, ED, Gujarat, received the coveted trophy from Mr. Makarand Nene, Director (Marketing),
  • Oil cos make 2/ltr profit on petrol, but no relief yet
    New Delhi   03-Oct-2012
    • In Pakistan, oil companies slashed petrol prices by Rs 6 a litre effective Monday. Will their Indian counterparts follow suit Consumers can only hope so,even though the fall in global crude prices and the rupee's
  • IndianOil Haldia refinery fire: Worker succumbs to injuries
    New Delhi   01-Oct-2012
    • Dilbur Hussain, a 43-year-old contractual worker at IndianOil’s Haldia refinery, succumbed to his injuries this morning at a private hospital in Kolkata. Hussain, along with three others, were critically injured
  • IndianOil goes for gold against RIL in refinery space
    New Delhi   01-Oct-2012
    • IndianOil, the country’s largest state-owned oil refiner, wants to consolidate its position in the refinery space by setting up a new facility on the west coast and augmenting capacities of existing refineries. IndianOil’s 62-mmtpa
  • ‘Oil mafia’ digs deep to pilfer IndianOil diesel
    Chandigarh   28-Sep-2012
    • Yet another case of siphoning diesel by the "oil mafia" from a highly secure underground pipeline was reported here in the wee hours of Wednesday. Spotted by a patrolling team of the IndianOil,
  • Event (IndianOil)
    New Delhi   28-Sep-2012
    • IndianOil Club (Marketing Division), Northern Region celebrated its Annual Day at Shri Ram Centre auditorium. Amresh Kapoor, ED (Regional Services), who was the chief guest on the occasion, inaugurated
  • Expect a weekly change in price of petrol soon
    Mumbai   27-Sep-2012
    • Petrol prices may now change every week or 10 days but the hike is unlikely to be more that a rupee per litre. State-owned oil companies IndianOil, Hindustan Petroleum and Bharat Petroleum are working
  • Oil pilfered from Karnal IndianOil pipeline
    New Delhi   27-Sep-2012
    • Miscreants reportedly pilfered thousands of litres of oil near Nilokheri in Karnal district by puncturing the Mathura-Karnal-Jalandhar oil pipeline of the IndianOil.
  • IndianOil gets award for green farming product
    New Delhi   27-Sep-2012
    • IndianOil bagged the prestigious Environment Leadership Award 2012 for their environment friendly and non-toxic product for Integrated Pest Management [IPM] Servo Agrospray oil. R K Malhotra, director [R&D]
  • IndianOil, lIT-D sign MOU to promote research
    New Delhi   27-Sep-2012
    • A MOU was signed by R K Malhotra director (R&D), IndianOil and R K Shevgaonkar, director, IIT Delhi, on September 11 to collaborate for promotion of education, research and innovation.
  • IndianOil official held with Rs 2L bribe
    Jaipur   26-Sep-2012
    • An ACB team on Monday evening trapped an assistant manager of IndianOil, Vijay Kumar Meena, while taking a bribe of Rs 2 lakh at his residence in Ajmer.
  • ONGC denies $5 bn bid for ConocoPhillips assets
    New Delhi   26-Sep-2012
    • The oil and gas behemoth ONGC today denied reports that the state-run company has bid USD 5 billion for the Canadian assets of ConocoPhillips along with Oil India and IndianOil, but said it is looking
  • Bongaigaon Refinery awarded ‘National Safety Award'
    Guwahati   25-Sep-2012
    • In recognition of its excellent safety track record in industrial safety, Bongaigaon Refinery of IndianOil received the prestigious ‘National Safety Award’ instituted by the Ministry of Labour & Employment, Government
  • ONGC-IndianOil-OIL bid $5 bn for ConocoPhillips' assets
    New Delhi   25-Sep-2012
    • State-owned Oil and Natural Gas Corp (ONGC), IndianOil and Oil India (OIL) have made a joint bid of about USD 5 billion for buying stake in six Canadian oil sands assets of US energy giant ConocoPhillips.
  • Nomura Upgrades PSU OMCs
    New Delhi   21-Sep-2012
    • Nomura has upgraded India's three public-sector oil marketing companies IndianOil, BPCL and HPCL from 'Neutral' to 'Buy'. After recent weakness, all of the oil marketing companies are at just
  • IndianOil to raise $300m, HPCL $200m via ECB route
    New Delhi   19-Sep-2012
    • PSIJ oil refining giant IndianOil plans to raise $300 million (Singapore dollars) in foreign debt while another state-owned refiner Hindustan Petroleum Corporation (HPCL) plans to raise $200 million.
  • IndianOil yet to reopen bottling plant
    Kochi   18-Sep-2012
    • Operations at IndianOil LPG bottling plant at Udayamperoor continue to be at a standstill after last Monday’s incident in which 18 tonnes of cooking gas was accidentally released into the open.
  • IndianOil, Air India declared joint winners
    Hyderabad   18-Sep-2012
    • Amidst unprecedented chaos and confusion after what turned out to be a grand finale, IndianOil and Air India were declared joint winners in the MCC-Murugappa Gold Cup hockey tournament on Sunday.
  • IndianOil inks MoU with IIT, Delhi, on innovation
    New Delhi   15-Sep-2012
    • A MOU was signed by R K Malhotra director (R&D), IndianOil and R K Shevgaonkar, director, IIT Delhi, on 11 September to collaborate for promotion of education, research and innovation. Under the MOU,
  • IndianOil wants review of petrol prices
    Mumbai   15-Sep-2012
    • IndianOil, the country's largest refiner, called for a review of petrol prices to help shore up its shrinking margins at its annual general meeting on Friday.
  • Finances under strain: IndianOil
    Bangalore   12-Sep-2012
    • State-owned oil marketing companies will find it difficult to raise money and finance their purchase of crude oil if the issue of under-recoveries is not addressed, IndianOil Chairman R.S. Butola said on Tuesday.
  • IndianOil felicitation
    Kolkata   14-Sep-2012
    • As part of the IndianOil Day celebrations, IndianOil sportspersons who represented India in the recent London Olympics 20i2, were felicitated by Mr. M Nene, Director (marketing), IndlanOil. The sportspersons
  • IndianOil to invest Rs 50,000 cr in refining expansion
    New Delhi   05-Sep-2012
    • IndianOil, the country’s largest refiner, plans to invest Rs 50,000 crore in expanding its existing refineries and setting up a new one on the west coast. With the investment, the company’s refining capacity will rise
  • IndianOil’s WRPL hosts security meet
    Ahmedabad   03-Sep-2012
    • IndianOil’s Western Region Pipelines hosted a Security Meet recently at Rajkot Range involving top level Police authorities including Mr. Praveen Sinha, IPS, IGP, Rajkot Range, Rakesh Asthana, Police Commissioner, Surat, Prem Vir Singh,
  • Workshop on 'Woman to Woman’ mentoring
    New Delhi   03-Sep-2012
    • IndianOil Refineries Headquarters has launched an initiative of 'Woman to Woman’ mentoring to unleash the full potential of its women employees. It aims at assisting women employees in their self development and progression
  • ICRA downgrades IndianOil’s outlook to negative
    New Delhi   28-Aug-2012
    • Rating agency ICRA has assigned a ‘negative’ rating to IndianOil’s long term bonds programme. This was due to the apprehension that the public sector refiner’s gross under recoveries could be as high as Rs 1.7 lakh crore
  • IndianOil academic scholarships
    New Delhi   28-Aug-2012
    • IndianOil is offering 2,000 scholarships are being offered for 10+/ studies. The equitable distribution of scholarships may be, state-wise, based on "Number of students appeared for 10th Standard, during 2011-12”. Around 600
  • IndianOil book release
    Kolkata   24-Aug-2012
    • Kashmir Kidnapping, a book authored by BK Bakhshi, former Chairman of IndianOil, on the kidnapping of K Doraiswamy, former ED (engg & planning) of the company, by Kashmiri militants in the year 1991 during his official
  • IndianOl Bongaiqaon awarded
    Kolkata   17-Aug-2012
    • Bongaigaon Refinery of lndianOil has been conferred with two Energy Conservation Awards.
  • IndianOil felicitates Pune Sportsmen
    Mumbai   17-Aug-2012
    • As part of their recent achievements,IndianOil management felicitated their Pune-based sportspersons in appreciation of their feats in their respective sports. Shrikant Bapat, ED, IndianOil Western Region Mumbai felicitated all their sports
  • IndianOil retd officers' AGM
    Guwahati   17-Aug-2012
    • The 20th annual general meeting of IndianOil Retired Officers Welfare Association, Guwahati (Assam) unit, will be held on August 24 from 10 am at the Officers Club, situated at sector three of Guwahati Refinery township.
  • IndianOil: Marred by uncertainties
    New Delhi   14-Aug-2012
    • Though subsidies are reimbursed and IndianOil might not be allowed to end the year with a loss, delay in fuel price reforms and ad hoc subsidy sharing will impact financials & keep the stock under pressure.
  • IndianOil racks up historic loss
    New Delhi   10-Aug-2012
    • IndianOil, the country's biggest refiner, created grim corporate history by posting a record quarterly loss of Rs 22,451 crore despite lower crude oil costs, as the freeze in diesel, kerosene and cooking gas prices,
  • Delay in govt subsidy drags oil firms into red
    New Delhi   10-Aug-2012
    • IndianOil on Thursday announced its biggest ever quarterly loss of ` 22,451 crore for the April- June quarter of the current financial year. This is because the finance ministry has delayed the reimbursement
  • IndianOil posts record loss of Rs 22,451 crore in Q1
    New Delhi   10-Aug-2012
    • It was a day of historical losses for the state-run fuel retail industry on Thursday. Market leader IndianOil reported the biggest-ever quarterly loss by a listed company at Rs 22,451 crore in the April-June period, while
  • GAIL, IndianOil keen to source LNG from Russia
    New Delhi   09-Aug-2012
    • GAIL (India), IndianOil and ONGC Videsh Limited (OVL) have expressed their willingness to source LNG on long- and medium-term basis from existing and upcoming LNG liquefaction terminals, including
  • IndianOil Western Region organizes Doctors Meet
    Mumbai   07-Aug-2012
    • For over three decades IndianOil has been providing unmatched medical benefits in the city of Mumbai to its employees through nominated hospitals such as Bombay Hospital, Jaslok, Breach Candy,
  • Panipat Refinery sweeps OISD award
    New Delhi   07-Aug-2012
    • Panipat Reflnery has swept away the oil industry safety directorate (OISD) awards. lt won the best safety performer award for the year 2009-10 and 2010-11 under the refinery category. IndianOil team
  • IndianOil's crude oil pipelines bags OISD Awards
    New Delhi   04-Aug-2012
    • IndianOil's Paradip-Haldia-Barauni Pipeline (PHBPL) and Salaya-Mathura Pipeline (SMPL) have bagged the Oil Industry Safety Directorate (OISD) awards for the year 20 10-11 and 2009-10 respectively.
  • IndianOil lucky draw
    Kochi   03-Aug-2012
    • IndianOil has launched its Onam offers. Customers who purchase one litre or 900 ml <i>SERVO</i>-4T pack, or those who purchase petrol or xtrapremium or autogas for a certain amount could participate in a lucky draw.
  • IndianOil’s WRPL conducts workshop on SAP R/3 PM Module
    Ahmedabad   28-Jul-2012
    • In an effort towards enriching the Users of SAP R/3 Plant Maintenance Module with latest inputs on its extensive usage for effective capture of data of WRPL maintenance activities in SAP, a one day workshop
  • Petrol outlet proposed at Cherlapalli open air jail
    Hyderabad   28-Jul-2012
    • Inmates at the open air jail at Cherlapalli will soon be selling petrol and diesel from a petrol bunk that is to be opened on the premises. This will be the second jail, after the one at Kadapa, to have a petrol
  • IndianOil organises Dealers' Meet in Chandigarh
    New Delhi   27-Jul-2012
    • IndianOil has always been a pioneer in motivating its channel partners and offering the best of the services to its Customers at petrol stations. For boosting the morale of dealers and motivating the sales force,
  • IndianOil ties up with Steelbird
    New Delhi   26-Jul-2012
    • IndianOil has joined hands with Steelbird to promote quality helmet brand. IndianOil will sell the helmets at 1200 outlets across India.
  • Ennore LPG terminal on stream
    New Delhi   25-Jul-2012
    • Liquefied petroleum gas bottling plants of oil marketing companies in several parts of the southern region can look forward to improved and timely availability of the product with a 1.2 million tonne LPG terminal
  • IndianOil agrees to pick up stake in Rajasthan refinery
    New Delhi   19-Jul-2012
    • After initial reluctance, state-run oil marketing company IndianOil has agreed to take a stake in the proposed nine-million-tonne refinery in Rajasthan along with its project leader Hindustan Petroleum
  • IndianOil, Mittal venture mulls Indo-Pak petro pipelines
    New Delhi   19-Jul-2012
    • The state-owned IndianOil and the joint venture company of LN Mittal and state-owned Hindustan Petroleum Corp Ltd – Hindustan Mittal Energy Ltd (HMEL)—has proposed constructing of petroleum product pipelines
  • OMCs get RBI nod for dollar buy route
    New Delhi   18-Jul-2012
    • Reserve Bank of India has agreed to the petroleum ministry’s request for allowing oil marketing companies (OMCs) IndianOil, HPCL and BPCL to continue with the current mechanism of purchasing
  • IndianOil: Taking rapid strides.,,
      11-Jul-2012
    • Over the years, IndianOil's business interests have spanned the entire hydrocarbon value chain from refining, pipeline transportation and marketing of petroleum products to E&P of crude oil and gas and petrochemicals.
  • 8 Indian cos in Fortune 500 list
    New Delhi   10-Jul-2012
    • Eight Indian companies have made the cut in the list of the world’s 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100.
  • Basu is new MD of Chennai Petroleum
    New Delhi   07-Jul-2012
    • Mr A.S. Basu assumed office as Managing Director of Chennai Petroleum Corporation Ltd today. According to an official press release, prior to this appointment, Mr. Basu was the ED of operations at refinery
  • Work at IndianOil oil refinery in Odisha hit
    New delhi   04-Jul-2012
    • Work in the IndianOil's oil refinery project, near here, remained affected for the second consecutive day on Tuesday, with workers protesting against firing by CISF personnel on Monday.
  • Oilcos loss on diesel, LPG sale halves
    Mumbai   04-Jul-2012
    • Losses on sale of diesel and cooking fuels by oil PSUs have almost halved following a sharp dip in international oil rates and strengthening of rupee.
  • Slippery oil
    New Delhi   02-Jul-2012
    • Oil marketing companies have cut petrol prices twice in June to reflect the fall in crude prices. This has somewhat pacifled the consumers, who were angry with the steep price hike in May. However, there
  • Good times may not last long, warns IndianOil
    Mumbai   02-Jul-2012
    • State-run fuel retailers on Thursday cut petrol price by Rs 2.46 a litre, excluding state taxes. Reacting to the cut, Trinamool chief Mamata Banerjee said the cut was with on the presidential polls. The price
  • Petrol cheaper by Rs 2.46
    New Delhi   29-Jun-2012
    • In the second price reduction this month, oil companies cut petrol prices by Rs 2.46 a litre (excluding taxes) from midnight tonight. The new price in Delhi will be Rs 67.78 a litre. After raising prices by a record
  • IndianOil asked to replace old cylinders
    Kochi   28-Jun-2012
    • District Collector P.I. Sheikh Pareed has directed the Indian Oil Corporation to call back all cooking gas cylinders past their test due date and to provide fresh ones in their place.
  • IndianOil, HPCL and BPCL hold $5 billion in oil bonds
    New Delhi   26-Jun-2012
    • Three big state-run oil retailers together hold oil bonds worth about $5 billion, which is likely to be the maximum amount of dollars these companies will be able to buy directly from the central bank.
  • Source half the dollar needs from one bank, refiners told
    New Delhi   25-Jun-2012
    • The Reserve Bank of India has asked state refiners to buy half their dollar requirement from one public sector bank to contain exchange rate volatility, oil secretary CG Chaturvedi has said. "Currently,
  • Arpana Anand is PETROFED Woman Executive of the year
    New Delhi   22-Jun-2012
    • Arpana Anand Senior Project Manager from the Pipelines Division of IndianOil was chosen as Woman Executive of the Year in the annual PETROFED Oil & Gas Industry Awards. The award was presented
  • IndianOil western region organises art exhibition
    Mumbai   21-Jun-2012
    • To promote art and showcase creativity of IndianOil employees across Western region, a first-of-its-kind Art Exhibition was inaugurated at IndianOil Western Region, Mumbai. The exhibition displayed
  • B Barpujari joins as ED, IndianOil-AOD
    Guwahati   21-Jun-2012
    • Barun Barpujari, a chemical engineer from erstwhile KREC, Suratkal now known as NIT, Suratkal, took over charge of lndianOil-AOD as the Executive Director on June 1 last.
  • IndianOil signs MoC with L&T
    New Delhi   20-Jun-2012
    • A memorandum of collaboration (MOC) was signed by IndianOil with L&T for joint development work in the area of gasification. The MoC was signed by S K Sarangi, ED, (AE) and V S Trivedi, executive VP,
  • IndianOil director gets award
    New Delhi   13-Jun-2012
    • R K Malhotra, director (R&D) IndianOil was honoured by International Association for Hydrogen Energy with the Rudolf A. Erren Award.Malhotra spoke on the huge opportunities for fuel cell and hydrogen
  • Top-level changes at Lanka IOC
    New Delhi   12-Jun-2012
    • Lanka Indian Oil Corporation is poised to enter its most difficult era of operation in Sri Lanka even as its parent company, IndianOil, re-jigged the management team.
  • IndianOil bags best Oil & Gas Marketing award
    Mumbai   11-Jun-2012
    • IndianOil Chairman R.S. Butola and Director (Marketing) M Nene receive the 'Oil & Gas Marketing Company of the Year' award for the year 2010 -11 from Union Minister for Petroleum & Natural Gas, S. Jaipal
  • IndianOil honoured
    New Delhi   10-Jun-2012
    • In recognition of IndianOil's leadership performance in marketing petroleum products and natural gas in India, the Union minister for petroleum and natural gas, Mr S Jaipal Reddy, presented the coveted 'Oil
  • Towards carbon neutrality
    New Delhi   08-Jun-2012
    • IndianOil celebrated world environment day to pledge its commitment to sustainable development by balancing economic growth with clean environment. Raj Kumar Ghosh, Director (refineries) of the company,
  • IndianOil R&D Centre celebrates WED 2012
    New Delhi   08-Jun-2012
    • IndianOil R&D celebrated the World Environment Day (WED) enthusiastically. Dr. R.K. Malhotra, Director (R&D) emphasised the need to rededicate and to invest in green economy.
  • IndianOil: Fuelling Greenvironment!
    Mumbai   06-Jun-2012
    • IndianOil, a Maharatna company, is India’s biggest refiner, the nation’s largest commercial en¬terprise and India’s highest ranked Fortune ‘Global 500’ company. But behind its size, numbers and scale
  • Oil firm says work on pipeline won’t affect forests
    New Delhi   07-Jun-2012
    • The much-delayed oil pipeline from Paradip to Ranchi via Raipur may see light of day soon. After serious objections by Principal Chief Conservator of Forest (wildlife) over passage of the pipeline
  • UPES: Nurturing energy through knowledge
    New Delhi   07-Jun-2012
    • At a glittering convocation of University of Petroleum & Energy Studies (UPES), Dehradun, Uttarakhand governor and visitor to the University Dr Aziz Qureshi awarded medals to meritorious students of UPES.
  • Convocation (UPES)
    New Delhi   06-Jun-2012
    • At a glittering convocation of the University of Petroleum & Energy Studies (UPES), Dehradun, the Governor of Uttarakhand & Visitor to the University, Dr Aziz Oureshi, awarded medals to meritorious
  • Profits shown only for better ratings: Oilcos
    New Delhi   04-Jun-2012
    • State-owned oil companies have vehemently denied that they are making huge profits and asserted that only the government subsidy helped them to report a net profit of less than 1% of their turnover in 2011-12.
  • Oil firms reject profit claims
    New Delhi   04-Jun-2012
    • Chief executives of three state-run oil firms on Saturday rejected criticism that they had recorded huge profits and said a bailout package worth Rs 1,38,500 crore had enabled them to declare nominal profits in 2011-12.
  • IndianOil plans commercial LPG network
    New Delhi   01-Jun-2012
    • The competition in commercial/industrial LPG (liquefied petroleum gas) segments is set to intensify with IndianOil planning to appoint over 100 distributors to cater exclusively to such customers.
  • IndianOil lubricant
    Kolkata   31-May-2012
    • IndianOil has launched a 100 per cent synthetic premium lubricant SERVO Futura Synth. The product was launched by IndianOil Director (Marketing) M. Nene.
  • India offers to meet Pak's oil needs
    New Delhi   30-May-2012
    • India has offered to build a pipeline to the Wagah land border and supply 50 million tons of petroleum products a year to meet Pakistan's requirement, according to media reports today.
  • IndianOil pegs petrol price review on global cues, Rs
    Mumbai   29-May-2012
    • IndianOil said on Monday it will look at reducing the price of petrol by June 1 if the auto fuel costs less in world markets and the rupee strengthen against the dollar in the current fortnight, making imports cheaper.
  • IndianOil hints at slashing petrol price
    New Delhi   29-May-2012
    • IndianOil chairman R.S. Butola hinted on Monday that the company may cut the price of petrol by Rs.1.25-Rs.1.50 per litre from June 1 as international market prices during the current
  • IndianOil records 47 % fall in profits for 2011-12
    New Delhi   29-May-2012
    • IndianOil recorded a net profit of Rs 3,954.62 crore for the year 2011-12, a sharp 46.8 per cent fall compared to Rs 7,445.48 crore during the corresponding period, owing to higher interest cost
  • IndianOil to help BMC’s malaria fight
    Mumbai   29-May-2012
    • The civic body seems to be adopting the once bitten, twice shy approach towards malaria prevention. After a private contractor violated terms and conditions of the tender last the year,
  • Rainwater Harvesting Inaugurated
    Mumbai   29-May-2012
    • With water scarcity being a prevalent reality not just in the hinterlands of our nation, water conservation is the need of the hour. Reiterating its commitment towards sustainable development,
  • Govt passes buck; oil cos defend hike
    New Delhi   25-May-2012
    • A day after the UPA-II Government decided to celebrate the completion of its three years in office by gifting the steepest-ever petrol price hike of Rs 7.5 a litre to the hapless common man, the oil
  • lndianOil launches 100 per cent synthetic engine oil
    New Delhi   25-May-2012
    • IndianOil's latest top-end offering, Servo Futura Synth, a 100 percent synthetic premium lubricant for use in the cars, was recently launched by M Nene, Director, Marketing, IndianOil, in the presence
  • State oil refiners plug a Rs. 9,200-cr hole
    New Delhi   25-May-2012
    • State-owned oil companies led by IndianOil said on Thursday that they would have ended up with losses (under-recoveries) on petrol sales alone amounting to as much as Rs. 11,500 crore in 2012-13,
  • CPCL net down to a third in Q4
    New Delhi   24-May-2012
    • A host of adverse factors including high crude oil prices which eroded the gross refining margins, high freight costs, the global economic scene have hit the performance of Chennai Petroleum Corporation Ltd.
  • lndianOil releases 2,500 kl diesel
    Chandigarh   21-May-2012
    • IndianOil’s Jalandhar depot is set to release 2500 kilolitres (kI) of diesel to the Hindustan Petroleum Corporation Limited on Thursday. This comes after The Indian Express reported that no diesel was available
  • Ennore LPG terminal awaits CRZ clearance
    Kochi   17-May-2012
    • The LPG import terminal project of IndianOil Petronas Pvt Ltd (IPPL) near Chennai that can help in speeding up cooking gas supplies to millions of households in the South, especially Tamil Nadu,
  • Indrajit Bose to head IndianOil West Bengal
    Mumbai   16-May-2012
    • Mr. Indrajit Bose took charge as the new head of IndianOil West Bengal. He will be the Executive Director responsible for controlling and supervising the company's operations here.
  • IndianOil South has new Executive Director
    Mumbai   10-May-2012
    • Mr. K. R Suresh Kumar has assumed charge as Executive Director (Regional Services) of Southern Region of IndianOil, consisting the States of Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala
  • New Executive Director for IndianOil’s Barauni unit
    New Delhi   10-May-2012
    • Mr S.K. Jha took over as the Executive Director of the Barauni Refinery unit of IndianOil last week. Earlier, he was the General Manager of technical services at the same unit. According to an IndianOil spokesperson,
  • ONGC power past IndianOil
    Bangalore   08-May-2012
    • Oil and Natural Gas Commission (ONGC) posted a hard-fought 5-3 win over IndianOil to soar to the top of the points table in the Ozone Group-KSHA National Hockey League championship
  • Sajjan Kumar is new GM for IndianOil Bihar
    Hyderabad   07-May-2012
    • Mr Sajjan Kumar has joined IndianOil’s Bihar state office as General Manger and state-level coordinator of Bihar and Jharkhand. Mr Kumar holds a masters degree in business management
  • Security tightened at IndianOil depot
    Chandigarh   07-May-2012
    • Police on Friday conducted a security drive to check arrangements at the IndianOil depot at Suchi Pind village. Heavy police force reinforced by commandoes from the Punjab police
  • ONGC Tripura unit I to run by month-end
    Hyderabad   05-May-2012
    • The first unit of ONGC Tripura Power Company's 2 X 363.3 MW gas-based power plant in Palatana may become operational by end-May. Power generation and stabilization of production at unit I will take another 4-6 weeks.
  • Panipat Refinery appoints Singh as exec director
    New Delhi   04-May-2012
    • Sanjiv Singh has taken over as executive director of Panipat Refinery and Petrochemical Complex (IndianOil) on May1, 2012. Prior to his elevation, Singh was GM (technical services)
  • Prabhjot brace powers IndianOil
    Bangalore   02-May-2012
    • Former Indian striker Prabhjot Singh struck a brace as title contenders IndianOil crushed MEG ‘A’ 4-0 in the Ozone Group-KSHA National hockey league championship here on Tuesday.
  • LPG awaits autorickshaws
    Ranchi   30-Apr-2012
    • The city will soon have its autos running on LPG as was decided by Ranchi district commissioner (DC) KK Soan on Saturday at a meeting convened to discuss means of curbing pollution menace and traffic problems in the city.
  • IndianOil not to go for strategic pie in HPL
    Ranchi   30-Apr-2012
    • Oil Co Can Buy More Stake If It Leads To Mgmt Control Reiterating its stand on making no further invest¬ment in ailing Haldia Petro¬chemicals (HPL) as a 'strate¬gic' investor,
  • ‘Car in a tank’ scheme ends
    New Delhi   27-Apr-2012
    • IndianOil's 'Car in a tank' offer ended in a bonanza of prizes for IndianOil customers. The prizes included one Maruti Suzuki SX4, four Maruti Suzuki Estillo, eight Marutl Suzuki Alto, 20 iPads or equivalent,
  • IndianOil offers support to Sri Lanka refinery
    New Delhi   27-Apr-2012
    • The Lanka IndianOil has stepped in to offer support to Sri Lanka at a critical juncture: its only refinery, Sapugaskanda, can only process Iranian crude efficiently. With U.S. sanctions looming,
  • Bengal taps IndianOil to help HPL
    Kolkata   26-Apr-2012
    • The Bengal government has initiated a dialogue with the IndianOil to bring the public sector giant as a strategic investor into Haldia Petrochemicals Ltd (HPL).
  • IndianOil raises Rs 1300 cr via bonds
    New Delhi   26-Apr-2012
    • IndianOil on Wednesday said it has raised Rs 1,295 crore through a bonds issue to fund its capital expenditure and working capital requirement. IndianOil’s issue of Secured Redeemable
  • IndianOil mobilises bonds of Rs 1, 295 cr
    New Delhi   26-Apr-2012
    • State-run flagship hydrocarbon company IndianOil has raised Rs 1,295 crore from the Indian bond market. According to a company release, IndianOil's issue of Secured Redeemable
  • IndianOil to raise funds via bonds
    New Delhi   24-Apr-2012
    • IndianOil, the nation's largest refiner, is seeking to price Rs 10,000 crore of five-year bonds to yield between 9.15 per cent and 9.4 per cent, according to sources.
  • IndianOil signs pact with Nagarjuna Oil Corp
    New Delhi   23-Apr-2012
    • Nagarjuna Oil Corporation (NOCL) has secured a marketing tie-up with PSU major IndianOil to sell its petroleum products. NOCL’s six million tons per annum refinery at Cuddalore in Tamil Nadu is expected to be commissioned by early next year.
  • IndianOil to review biofuel business strategy
    New Delhi   23-Apr-2012
    • High costs, uncertain yield, less availability of wasteland are some of the reasons that have compelled IndianOil to review its biofuel business strategy.
  • IndianOil slam Army Green
    New Delhi   23-Apr-2012
    • IndianOil inflicted a crushing 7-0 defeat on Army Green in the KSHA Ozone Group National League hockey championship at the KSHA stadium on Saturday.
  • IndianOil’s plea to government on motor spirit price
    New Delhi   20-Apr-2012
    • The International motor spirit prices have gone up progressively and stand at USD 132.45 per barrel in the current pricing period. This is much higher than the price of USD 109.03 per barrel at which IndianOil
  • IndianOil ultimatum to raise petrol prices
    New Delhi   18-Apr-2012
    • State-run fuel retailers have threatened to raise gasoline prices sharply if the government does not compensate them for revenue losses on retail sales, IndianOil said on Tuesday in a statement.
  • Petrol price hike can't wait any longer: OMCs
    New Delhi   18-Apr-2012
    • Fed up with the Centre's “indecision” on allowing an increase in fuel prices in the face of the rising international crude prices, the oil marketing companies on Tuesday virtually threatened to increase
  • Oil PSUs threaten petrol price hike, seek 100% subsidy
    New Delhi   18-Apr-2012
    • The three oil majors — IndianOil , Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) — on Tuesday asked the government to either increase petrol price by Rs. 8 a litre to compensate
  • Retailers threaten to hike fuel prices by Rs 8 per litre
    New Delhi   18-Apr-2012
    • Three large government-run fuel retailers like IndianOil, HPCL and BPCL have threatened to hike petrol prices by Rs 8.04 per litre if government fails to compensate them for selling the auto fuel below market cost.
  • Oil retailers threaten to raise petrol prices
    New Delhi   18-Apr-2012
    • After incurring a revenue loss of Rs 2,236 crore in 2011-12 on account of not being able to pass on increase in petrol prices to consumers, IndianOil, the country's biggest oil marketer, today urged
  • IndianOil in $ 250 mn loan deal with 20 banks
    New Delhi   17-Apr-2012
    • IndianOil signed a $250 million five-year loan with 20 banks, according to finance director P.K. Goyal. The biggest lenders are paid 245 basis points (bps) more than the London interbank offered rate (Libor),
  • IndianOil bags SCOPE award
    New Delhi   16-Apr-2012
    • IndianOil has bagged the SCOPE Meritorious Award 2010-11 for R&D, Technology Development & Innovation. The Standing Conference of Public Enterprises (SCOPE) is an apex organisation of public sector enterprises.
  • PSL bags Rs 570 crore order from IndianOil
    New Delhi   12-Apr-2012
    • Pipe manufacturer PSL today said it has bagged an order worth Rs 570 crore from IndianOil for manufacturing of pipes and provision of ancillary coating services for its Salaya-Mathura Pipeline (SMPL) project.
  • IndianOil produces record level of crude oil
    New Delhi   06-Apr-2012
    • IndianOil refineries registered the highest ever crude production of 55.6 MMT during the year 2011-12 surpassing the previous best of 53.0 MMT achieved last year. Earning overall capacity utilisation
  • Growing under-recoveries worry oil marketing firms
    Chennai   04-Apr-2012
    • Worried over growing under-recoveries, oil marketing companies (OMCs) on Monday said availability of fuel, particularly petrol, could become difficult in the days to come as they would not have enough
  • IndianOil reports highest-ever crude processing in FY12
    New Delhi   03-Apr-2012
    • State-owned IndianOil today said its refineries have recorded the highest ever crude processing of 55.6 million tonnes (MT) during 2011-12, surpassing the previous best of 53.0 MT achieved in the previous fiscal.
  • Bongaigaon Refinery undertakes CSR initiatives
    Guwahati   30-Mar-2012
    • During his maiden visit to Bongaigaon Refinery recently, R. S. Butola, Chairman of IndianOil, accompanied by Director (Refineries), R. K. Ghosh and ED, Bongaigaon Refinery, A Saran paid
  • Tax holiday ends, IndianOil, Nagarjuna to be hurt
    Ahmeadabad   28-Mar-2012
    • IndianOil, the country’s biggest oil marketing company, will lose Rs330 crore every year once its Paradip refinery in Orissa comes on stream - because it missed the March 2012 deadline to complete
  • Phase-I automation done: IndianOil
    Mumbai   27-Mar-2012
    • State-owned IndianOil has completed the first phase of automation of its petrol pumps across the country and is “progressing very fast" in this regard, according to a top company official.
  • IndianOil petrol pumps automated
    New Delhi   26-Mar-2012
    • IndianOil has completed the first phase ofautomation of its petrol pumps across the country and is progressing very fast in this regard, IndianOil CMD RS Butola said.
  • lndianOil and DPCL ink MOU
    New Delhi   24-Mar-2012
    • IndianOil signed an MoU with The Dhamra Port Company Ltd (DPCL) to undertake a technocommercial feasibility study for setting' up Liquified Natural Gas (LNG) Terminal at Dhamra Port in Odisha.
  • IndianOil, Guwahati Refinery marks Golden Jubilee
    New Delhi   24-Mar-2012
    • Assam Chief Minister Tarun Gogoi on the occassion of Golden Jubilee of IndianOil appreciated the latter for its exemplary service to the nation in meeting the energy requirements of people
  • lndianOil to setup Rs 4,500-cr LNG, unit with TNIDC
    New Delhi   23-Mar-2012
    • In a move to address shortage of liquified natural gas (LNG) supply, state-run Indian Oil Corporation(IOC) today signed an agreement with the Tamil Nadu Industrial Development Corporation
  • IndianOil wins prestigious Hart Energy Award
    New Delhi   23-Mar-2012
    • IndianOil has won the prestigious Hart Energy Award for its contributions towards a cleaner environment. Along with LyondellBasell, IndianOil has been announced as the winner in the Refining & Energy
  • IndianOil organises Petrochemical Conclave
    New Delhi   20-Mar-2012
    • The first Petrochemical Conclave organised by IndianOil was recently inaugurated by Mr. K. Jose Cyriac, Secretary, Chemicals & Petrochemicals, Ministry of Chemicals and Fertilisers,
  • PRE - UNION BUDGET
    New Delhi   19-Mar-2012
    • Interview Request with NDTV Profit on PRE - UNION BUDGET
  • Dedicated IndianOil women marathoners make an impact
    Mumbai   17-Mar-2012
    • Nearly 45 women from across Mumbai locations of IndianOil, Western Region came forth to pledge their support in generating awareness about cervical cancer, girl child education and women's safety
  • IndianOil's Pipelines Division celebrated Women's Day
    New Delhi   16-Mar-2012
    • During International Women's Day organised at IndianOil's Pipelines Division head office, Noida, eminent Kathak exponent Padamshri Shovana Narayan addressed the IOCians on ‘Energising
  • ISFL 2012 inaugurated
    New Delhi   13-Mar-2012
    • B.K Chaturvedi, Member Planning Commission, Government of India, recently inaugurated the 8th International Symposium on Fuels and Lubricants (ISFL 2012) one of the biggest events
  • LPG strike at IndianOil ends
    Kochi   09-Mar-2012
    • With LPG tanker operators calling off their strike late Wednesday night, the IndianOil bottling plant at Udayamperoor was back in business by Thursday afternoon.
  • ONGC, IndianOil eye business in Lanka
    New Delhi   05-Mar-2012
    • State-run oil companies such as ONGC and IndianOil have proposed to cash-in on exploration and refining opportunities in Sri Lanka. Both companies have visited the island country and reviewed opportunities that could be grabbed by them.
  • IndianOil eyeing opportunities in bio-jet fuel business
    New Delhi   03-Mar-2012
    • IndianOil is exploring opportunities to create bio-jet fuel production capability through collaborations with overseas firms, and has tied-up with Pratt & Whitney of Canada (a world leader in the design, manufacture and service of aircraft engines) and select Canadian universities for the purpose, according to press release issued by the company.
  • IndianOil to extend pipeline at a cost of Rs 600 cr
    New Delhi   02-Mar-2012
    • State-run IndianOil would expand its oil pipeline from Jalandhar to Himachal Pradesh as well as Jammu and Kashmir and would also set up two oil terminals at an estimated cost of over Rs 600 crore.
  • IndianOil's forex currency loans cross $6 billlion
    New Delhi   02-Mar-2012
    • State-run fuel retailer IndianOil foreign currency loans have crossed $6 billion, indicating how uncertainties over pricing policy of successive governments have left India's biggest commercial enterprise running on borrowed money. The company on Thursday said $4 billion of the total borrowings were short-term loans.
  • SBI, lndianOil eye Haldia board berth
    Kolkota   28-Feb-2012
    • The State Bank of India and IndianOil have asked for a place on the board of Haldia Petrochemicals Ltd (HPL) as the two public sector behemoths seek a bigger say in the state’s showcase project.
  • Post - poll increase in petrol price on agenda
    Kolkota   28-Feb-2012
    • Oil firms are likely to raise petrol prices after the Assembly polls on the back of a spike in global crude oil prices. The government is also expected to soon take a call on increasing diesel and domestic LPG prices.
  • Productivity week concludes at IndianOil's WRPL Gauridad
    Ahemdabad   25-Feb-2012
    • Productivity Week- 2012 concluded in a grand manner at IndianOil's Western Region Pipelines, Gauridad.IOCians posted at WRPL, Gauridad, along with their family members took active participation in various events carried out throughout the week.Employees dropped their valuebale suggestions at the “Suggestion Box"
  • IndianOil to see half of staff retire by 2021
    New Delhi   24-Feb-2012
    • IndianOil is set to lose about 16,000 IOCians by 2021. In order to counter the mass exodus that will happen due to retirement of IOCians over the next eight years, the 50-year-old company will be outsourcing some of its “peripheral” jobs and services.
  • Bongaigaon TOLIC adjudged best in North East region
    Guwahati   24-Feb-2012
    • In recognition of its outstanding efforts towards organising effective implementation of the Official Language Hindi in the NE region, the Town Official Language Implementation Committee ( TOLIC), Bongaigaon has been adjudged as the Best TOLIC among all the TOLICs in the 8 States of the North East Region, which has 22 TOLICs, during 2010- 11.
  • Pros from RIL, Rivals Flock to IndianOil
    New Delhi   18-Feb-2012
    • With a job at Reliance Industries, LG, Haldia Petrochemicals or even Saudi Arabia-based SABIC, what can be a good career move? For 170 young executives, the obvious choice was to work in Panipat for a public sector company that often reports quarterly losses - IndianOil.
  • Oil companies in a spot as Brent prices surge
    New Delhi   18-Feb-2012
    • Brent crude oil prices have been rising steadily this week and Friday's level of $120 a barrel is bad news for India's oil industry, which imports 80 per cent of its needs.
  • IndianOil celebrates Festival of Ideas
    New Delhi   16-Feb-2012
    • VS Okhde, director (pipelines) inaugurated the Festival of Ideas week in IndianOil pipelines division that coincided with the National Productivity Week at pipelines division head office recently.
  • OISD Workshop held
    New Delhi   10-Feb-2012
    • Oil Industry Safety Directorate (OISD) conducted a workshop for the hydrocarbon sector on enhancing capability in prevention of accidents & fire fighting, in New Delhi recently. Those present on the occasion included P. Raghavendran, President,
  • IndianOil scraps Rs. 14.9K cr SBI Caps loan
    New Delhi   06-Feb-2012
    • State-owned IndianOil has scrapped a Rs 14,900 crore loan syndicated by SBI Caps. The loan was to fund construction of a new refinery that the flagship refiner-marketer is building at Paradip in Orissa with an investment of nearly Rs 30,000 crore.
  • IndianOil launches Auto LPG kits
    Mumbai   04-Feb-2012
    • IndianOil Corporation DGM (LPG) S K Awasthi launching 2- wheeler Auto LPG kits in Mumbai for Maharashtra, by flagging off the first 2- wheeler fitted with this kit. IndianOil markets Auto LPG under the brand AutoGas from 35 Auto LPG
  • IndianOil to pay Rs 979 cr to UP toward unpaid entry tax
    New Delhi   02-Feb-2012
    • Cash-strapped IndianOil will have to pay over Rs 979 crore in unpaid entry tax to Uttar Pradesh government in the next two weeks after the Supreme Court asked the company to deposit half of the unpaid liability in cash.
  • IndianOil shares tank 6% on UP entry tax
    New Delhi   02-Feb-2012
    • Shares of IndianOil plunged 6% on wednesday on reports that it will have to pay over Rs 979 crore in unpaid entry tax to the Uttar Pradesh government within two weeks.
  • Okhde joins as pipelines director
    New Delhi   02-Feb-2012
    • VS Okhde has taken over as the Director (Pipelines) of Indian Oil Corporation Ltd., the country’s only Fortune 100 Company. Prior to his elevation, he was Executive Director (Exploration & Production).
  • IndianOil to invest Rs 7,700 Cr in pipelines
    New Delhi   01-Feb-2012
    • State-run IndianOil plans to invest 7,700 crore by 2015 to expand its pipeline network, which has emerged as a highly profitable business, generating revenue of 4,200 crore in the previous fiscal year with a net profit of 3,000 crore, senior officials said.
  • Director (HR) speaks on CSR
    New Delhi   30-Jan-2012
    • Mr. Sudhir Bhalla, Director (HR), fresh from the successful launch of IndianOil’s prestigious flagship CSR project, ‘IndianOil Sachal Swasthya Seva’ (Mobile Medical Units linked to Kisan Seva Kendras), shares his views on a range of CSR relates issues viz. IndianOil’s CSR history, philosophy, IndianOil Sachal Swasthya Seva, new DPE guidelines on CSR, concepts of CSR & Sustainability, etc.
  • IndianOil venture gets Rs 100-cr investment from lIDF
    New Delhi   25-Jan-2012
    • IOT Infrastructure & Energy Services Ltd (lOT) announced on Monday that Its 100 crore have been invested in the company by India Infrastructure Development Fund (IIDF), a private equity fund managed by UTI Capital.
  • Positive Energy
    New Delhi   24-Jan-2012
    • West Bengal is a no oil zone but at least two companies, Indian Oil Corporation (IOC) and the privately-owned, CALS Refineries, are gung-ho about the states business prospects in the hydrocarbons space.
  • lOT Infra gets Rs. 100-cr investment from IIDF
    New Delhi   24-Jan-2012
    • IOT Infrastructure & Energy Services, a 50:50 Joint venture between IndianOil Corporation (IOC) and Germany-based Oil tanking Gmbh, has received Rs.100 crore Investments from India Infrastructure Development Fund (IIDF),
  • Ulfa had no role in lOC fire, says report
    New Delhi   19-Jan-2012
    • It's now official. Ulfa had no hand in the major fire that broke out in Guwahati refinery (IOC) on January 10. The committees set up to investigate the fire incident in its report ruled out any sabotage that led to the fire in the refinery complex.
  • Growing Its Own Timber
    New Delhi   18-Jan-2012
    • IndianOil is India's flagship na¬tional oil company with its busi¬ness interests straddling the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration and production of crude oil and gas, marketing of natural gas and petrochemicals.
  • IndianOil
    New Delhi   18-Jan-2012
    • IndianOil's Director (Refineries) Rajkurnar Ghosh unveiles a Poster marking the Commencement of the Oil & Gas Conservation Fortnight (OGCF) at the refineries Headquarters in the presence ot (Lto A), GM (HR)-l/C Lee Bee Sen, ED (Operations) A S Basu, ED (Projects) U L Dohare, ED (Health, Safety and Environment) B P Baliga and ED (Shipping) N K Gupta.
  • IOC plans medical facilities at outlets
    New Delhi   11-Jan-2012
    • Even as the Union Government grapples with its own proposal to provide free medical facilities to the poor, oil major IndianOil (IOC) is busy drawing up a scheme to provide the services of doctors and ambulances at its rural outlets in the country'.
  • ‘lOC’s profitability under strain’
    New Delhi   10-Jan-2012
    • IndianOil (IOC) chairman R S Butola on Monday said the company’s profitability would come under further pressure, with interest outgo doubling to Rs. 5,000-crore-plus this financial year from Rs. 2,600 crore last year.
  • IOC may set up Rs 30,000-cr refinery in Gujarat
    New Delhi   04-Jan-2012
    • State-run IndianOil (IOC) may set up its next refinery, a 15 million tonnes per annum (mtpa) unit, on the western coast in Gujarat at an investment of Rs 30,000 crore.
  • Product pricing is the only way to recoup under-recoveries
    New Delhi   01-Jan-2012
    • With Indian economy poised for major expansion and growth in the coming years, the need for energy has never been felt more than today. In the changing and challenging times, the issue of “Energy Security”
  • NZ Co LanzaTech to help IOC, JSPL set up bio jet fuel plant
    New Delhi   02-Jan-2012
    • The New Zealand-based renewable energy company LanzaTech is in talks with its partners in Mumbai - IndianOil and Jindal Steel & Power - to help them set up plant to produce commercial bio jet fuel from ethanol, a top company official has said. As a first step, LanzaTech will open an office
  • IOC plans LPG pipeline grid
    New Delhi   01-Jan-2012
    • Seeking to consolidate its core business and make it more efficient, state-owned IndianOil (IOC) has decided to establish a countrywide LPG pipeline grid to reduce the supply chain cost of transporting LPG.
  • IndianOil launches self refuelling facility in Lucknow
    New Delhi   30-Dec-2011
    • IndianOil launched self service facility in Lucknow. The facility was inaugurated by S.K. Singh, Chief Vigilance Officer, IndianOil at M/s Agrawal Brothers, VVIP Road, Jiamau, Lucknow in the presence of B.S. Canth, General Manager, Uttar Pradesh (East),
  • Digboi Refinery bags award for environmental campaign
    Guwahati   29-Dec-2011
    • The historic Digboi Refinery bagged the third prize in the category of environmental campaign at the 33rd All India Public Relations Society of India Awards held at Nagpur (Maharashtra) recently.
  • NOC‚ IOC to renew fuel agreement
    Kathmandu   29-Dec-2011
    • IndianOil (IOC)– the sole supplier of petroleum products to Nepal Oil Corporation (NOC) – has officially initiated the agreement renewal process between two parties.
  • Chennai Petro ups borrowing limit
    New Delhi   29-Dec-2011
    • Chennai Petroleum Corporation (CPC) on Wednesday said it has received the shareholders' approval for increasing its borrowing limit to Rs 8,000 crore.
  • Guwahati Refinery golden jubilee from Jan 1
    Guwahati   24-Dec-2011
    • Guwahati Refinery, the first public sector refinery of the country, is celebrating its golden jubilee with a month-long programme from January 1, 2012. The refinery was dedicated to the nation by the then Prime Minister of the country Jawaharlal Nehru on January 1, 1962.
  • IOC to miss tax holiday for Paradip refinery
    New Delhi   26-Dec-2011
    • State-run refiner IndianOil (IOC) will miss the bus to enjoy tax holiday for its upcoming refinery in Paradip, Orissa. The refinery, earlier scheduled for commissioning in March 2012, is delayed by another year. This means profitability of the refinery and return on capital investments will see a fall.
  • Oil firms look at ECBs to meet borrowing needs
    New Delhi   23-Dec-2011
    • A bearish outlook for the rupee has prompted oil marketing companies (OMCs) to meet their borrowing needs by raising funds through external commercial borrowings (ECBs).
  • Awards (SCOPE)
    New Delhi   23-Dec-2011
    • SCOPE DG Dr U D Choubey declared the results of the ‘SCOPE Awards for Excellence and Outstanding Contribution to the Public Sector Management’ for the year 2009-10.
  • IOC's Chaksu installation lifts rolling trophy
    New Delhi   20-Dec-2011
    • K.K. Jha, Director (Pipelines), IndianOil, presented the Director (Pipelines)' Rolling Trophy to Chaksu installation of Western Region Pipelines for overall best station in Pipelines Division for the year 2010-11. B.V. Janakiram
  • IndianOil refineries win awards
    New Delhi   20-Dec-2011
    • IndianOil's Digboi and Gujarat Refineries have recently won the prestigious National Energy Conservation Awards 2011. Union Minister of Power Sushilkumar Shinde presented the awards to IndianOil Director (Refineries) Rajkumar Ghosh.
  • IndianOil raises Rs 1,400 cr through bonds
    New Delhi   17-Dec-2011
    • Cash-starved public sector refiner IndianOil on Friday said it has raised Rs 1,400 crore from domestic bond market after a gap of more than two years.
  • IndianOil: Commemorating determination & hardwork
    New Delhi   16-Dec-2011
    • Said to be India's largest company In terms of sales with a turnover of Rs 3,28,744 crore and profit of Rs 7,445 crore for the year 2010-11, IndianOil is driven by a group of dynamic leaders who have made it a name to reckon with.
  • IndianOil
    New Delhi   15-Dec-2011
    • IndianOil's refinery utilization is likely to increase 4% year-on-year to 55 million tonnes per annum in FY12 and likely to remain stable in FY13. The company's under recoveries are expected to increase Rs 4,400 crore annually with every one rupee depreciation against US dollar.
  • IOC in talks with Dhamra Port for LNG terminal
    New Delhi   15-Dec-2011
    • State-owned IndianOil (IOC) is in talks with L&T-Tata Steel-owned Dhamra Port Co Ltd for setting up a 5 million tons a year LNG terminal in Odisha, the firm’s director incharge of new businesses has said.
  • IOC in talks with Dhamra for LNG terminal
    New Delhi   15-Dec-2011
    • IndianOil (IOC) is in talks with L&T and Tata Steel-owned Dhamra Port for setting up a 5 million tonnes a year LNG terminal in Orissa, the firm’s director incharge of new businesses has said.
  • IOC, BPCL, HPCL face biggest challenge with falling rupee: Moody's
    New Delhi   14-Dec-2011
    • Moody's investor service on Wednesday said in a report that a sharp decline in rupee exerts pressure on oil marketing companies such as IndianOil, HPCL and BPCL and companies with foreign currency debt faces direct impact of the weaker currency.
  • IOC borrowings touch Rs 79,000 cr
    New Delhi   14-Dec-2011
    • State-owned IndianOil (IOC) said its borrowings have risen to over Rs 79,000 crore, as it lost a record Rs 227 crore per day on selling diesel, domestic LPG and kerosene at controlled rates. “It (borrowings) is more than Rs 79,000 crore at present,” IOC chairman R S Butola said.
  • IndianOil's borrowings at Rs 79,000cr
    New Delhi   14-Dec-2011
    • IndianOil (IOC) on Tuesday said its borrowings have risen to over Rs 79,000 crore, as it lost a record Rs 227 crore per day on selling diesel, domestic LPG and kerosene at controlled rates. “It (borrowings) is more than Rs 79,000 crore at present,”
  • IndianOil's Best Pipeline Station
    New Delhi   13-Dec-2011
    • K.K. Jha, Director (Pipelines) presented the Director (Pipelines)' Rolling Trophy to Chaksu installation of Western Region Pipelines for overall best station in Pipelines Division for the year 2010-11.
  • IOC tops Fortune India 500 list, RIL second
    New Delhi   13-Dec-2011
    • Government-run IndianOil has emerged as the country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second
  • IOC tops Fortune India 500 list
    New Delhi   13-Dec-2011
    • State-run IndianOil has emerged as the country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place, as per an annual list of Fortune 500 companies in India.
  • IndianOil, GAIL get CAG flak for exploration wastage
    New Delhi   12-Dec-2011
    • Are they sleeping partners asleep at the wheel? State-controller refiner IndianOil (IOC) and natural gas transporter GAIL (India) Ltd have come under the Comptroller and Auditor General’s (CAG's) lens over wasting Rs 1,464 crore of public funds in the exploration and production (E&P) business, an area that is not the core business for these companies.
  • APMU stands for tank truck staff
    Guwahati   09-Dec-2011
    • Protesting against the quantity of High Speed Diesel (HSD) transportation from Dimapur depot to Supply Cell, ONGC in Sivasagar and inclusion of more than nine numbers of tank trucks attached to Dimapur depot by the IndianOil (IOCL),
  • IOC seeks 100% excise sop to kickstart LPG Project in NE
    Kolkata   10-Dec-2011
    • Indmax, IndianOil (IOC)’s ambitious project in Bongaigaon Refinery, has been hanging fire after the Centre slashed excise duty benefits for refineries in June. The Rs 1800-crore project was expected to bring down LPG deficit in the North East, significantly.
  • IndianOil
    New Delhi   11-Dec-2011
    • IndianOil Director (Pipelines) KK Jha presented the Director (Pipelines)' Rolling Trophy to Chaksu installation of Western Region Pipelines for overall best station in Pipelines Division for the year 2010-11.
  • IndianOil, GAIL look at stake in Africa
    New Delhi   10-Dec-2011
    • State-owned IndianOil and GAIL Ltd are looking at picking up an equity stake in LNG projects in Africa to meet growing energy needs of the country, Oil Minister S Jaipal Reddy said on Friday. Hydrocarbon-rich Africa today supplies 35.31 million tonnes, or 21.5 per cent,
  • IOC organizes cricket tournament
    New Delhi   09-Dec-2011
    • K.K. Jha, Director (Pipelines), presented the trophy to the winners of Pipelines Division Cricket Tournament organized at Rajkot recently. Six teams from four regional offices, pipeline project construction and Head Office participated in the tournament.
  • IndianOil will employ postmen to spy on fake gas connections
    New Delhi   04-Dec-2011
    • IndianOil will hire postmen to spy on its cooking gas customers to check fake connections. As part of a proposed deal between the company and the Department of Post, the postmen will help the customer care division of IndianOil in verifying the address and identity of registered customers.
  • Petrol price cut by 78p, but hike likely
    Chennai   01-Dec-2011
    • For the second time in as many weeks, state-run oil companies on Wednesday reduced petrol price by 65 paise a litre. Taking the incremental impact of state taxes, the fuel will become cheaper by 78 paise in Delhi and will vary by a few paise in other states.
  • IOC seeks tax holiday extension
    New Delhi   01-Dec-2011
    • IndianOil (IOC) has sought a two-year extension of tax breaks available for refineries so that its delayed Rs 29,777 crore Paradip refinery can avail of the benefit.
  • Petrol gets cheaper by 78 paise
    New Delhi   01-Dec-2011
    • Petrol is cheaper by 78 paise per litre in Delhi from Thursday, belying market speculation of a major price reduction due to a sharp fall of $7 a barrel in international petrol rates.
  • Protest against IOC project in Digboi
    Guwahati   21-Nov-2011
    • The proposed shifting project of Tinsukia based IOC (AOD) Terminal, the primary construction of which is being carried out at Golai under Digboi Police Station located about 5 Kms from the oil township, has been posing threat to the locals, beside destroying the hillock of nearby areas.
  • Essar Oil, IOC renew pact for product sales
    New Delhi   26-Nov-2011
    • Essar Oil has renewed a product sale and purchase pact with IndianOil. The three-year agreement, from 2012 to 2015, will see Essar supply two million tonnes of diesel, petrol, kerosene and aviation turbine fuel annually to IOC from its Vadinar refinery.
  • IOC mops up $250m through ECB route
    New Delhi   26-Nov-2011
    • Country’s largest oil marketing company IndianOil (IOC) raised $250 million in foreign debt last week to fund its Paradip refinery in Orissa and to fund normal capex and other projects.
  • IOC sets sights on state’s holding in HPL
    Kolkata   24-Nov-2011
    • IndianOil, the Maharatna oil PSU, is keen to buy the state government’s stake in Haldia Petrochemicals. It holds 9.62% in HPL through an investment of Rs 150 crore.
  • BP, IOC shape petrochem venture for Gujarat
    Mumbai   24-Nov-2011
    • It’s destination Gujarat. The UK-based British Petroleum (BP) and IndianOil on Wednesday entered into a memorandum of understanding to set up a 50:50 joint venture acetic plant in Gujarat.
  • IOC, BP to evaluate joint plant in Gujarat
    New Delhi   24-Nov-2011
    • Global energy major BP Plc and state-run IndianOil (IOC) have signed an initial agreement to consider setting up a 1-million-tonne-per-year acetic acid plant and related gassification facilities in western India, the two firms said on Wednesday.
  • IOC signs MoU with UK's BP for acetic acid plant
    New Delhi   24-Nov-2011
    • Global energy major BP and IndianOil on Wednesday announced a plan to set up a one million tonne acetic acid plant In Gujarat. The companies will incorporate an equal joint venture,
  • IOC signs MOU with BP for Acetic Acid Plant
    New Delhi   24-Nov-2011
    • State-owned IndianOil (IOC) on Wednesday said it has signed an MoU with UK's BP plc for setting up a 1 million tonnes acetic acid plant in Gujarat. The MoU is for exploring “the potential for establishing a 50-50 joint venture to invest in a one million tonne per annum Acetic Acid
  • IndianOil, BP to evaluate joint plant in India
    New Delhi   24-Nov-2011
    • Global energy major BP and state-run IndianOil (IOC) have signed an initial agreement to consider setting up a 1-million-tonne-per-year acetic acid plant and related gassification facilities in western India, the two firms said on Wednesday.
  • Late bloomers ONGC stun star-studded IOC
    New Delhi   24-Nov-2011
    • It started off as a sleeper and ended as the best match of the competition so far. And 10 minutes were all it took for ONGC to turn the tables on a star-studded IndianOil team and take the last semi-final slot at stake in the 48th Nehru senior hockey tournament on Wednesday.
  • IOC, BP pact for acetic acid plant
    New Delhi   24-Nov-2011
    • State-owned IndianOil (IOC) on November 23, 2011 said it has signed an MoU with UK's BP for setting up a 1 million tonne acetic acid plant in Gujarat.
  • IOC, BP join hands to set up acetic acid plant
    New Delhi   24-Nov-2011
    • After joining hands with Mukesh Ambani-promoted Reliance Industries (RIL), global energy company BP on Wednesday signed a memorandum of understanding (MoU) with IndianOil (IOC) to set up a joint venture (JV) company.
  • IOC, BP to set up acetic acid plant in Gujarat
    New Delhi   24-Nov-2011
    • IndianOil (IOC) and British Petroleum (BP) have inked an memorandum of understanding (MoU) to join hands to explore the possibility for setting up a joint venture to set up a acetic acid plant in Gujarat.
  • Busy in India: BP now inks pact with IOC, may set up plant
    New Delhi   24-Nov-2011
    • After acquiring a 30% stake in some of India’s prestigious oil and gas fields in a $7.2-billion (Rs 32,400 crore) deal with Mukesh Ambani-led Reliance Industries Ltd (RIL), global energy major BP on Wednesday announced that it had
  • Lanka IOC in profit zone
    New Delhi   22-Nov-2011
    • Lanka IOC, a wholly-owned subsidiary of the IndianOil, managed to stay in the black for the July-September quarter, realising a gross profit of LKR 495.5 million (net profit - LKR 277.8 million).
  • IndianOil plans
    New Delhi   22-Nov-2011
    • IndianOil, which has 10 refineries in the country, will take its refining capacity to the level of 123 MMT/ year by 2020-21, the director (refineries), IndianOil, Mr. Rajkumar Ghosh said in Vadodara recently.
  • IndianOil
    New Delhi   22-Nov-2011
    • IndianOil having 10 refineries in the country will take up its refining capacity to the level of 123 MMT/ year by 2020-21.
  • 'IOC's upgradation project led to effluent discharge'
    Vadodara   20-Nov-2011
    • The recent upgradation project worth thousands of crores at IndianOil's (IOC) Gujarat Refinery (GR) plant caused pollution and the eventual fire in Mini river three weeks ago. Gujarat Pollution Control Board's (GPCB) investigations
  • Manjunath death anniv: Pledge at B-schools
    Mumbai   19-Nov-2011
    • Students of various B-schools across India will pledge their integrity on Saturday to mark the sixth death anniversary of Manjunath Shanmugam, an Indian Institute of Management (IIM) Lucknow alumnus,
  • Govt to give oil companies Rs 30,000-cr relief
    New Delhi   19-Nov-2011
    • The government will not go for an immediate increase in the prices of regulated petroleum products like diesel, domestic LPG and kerosene, even as Prime Minister Manmohan Singh’s intervention has prompted authorities to seek ways
  • Oil firms get `15k cr fuel subsidy
    New Delhi   19-Nov-2011
    • THE Finance Ministry has sanctioned an additional `15,000 crore to partially compensate state-owned oil firms for losses they incur on selling fuel below cost.
  • CPCL’s Balachandran steps down as MD
    New Delhi   18-Nov-2011
    • K Balachandran, managing director, Chennai Petroleum Corporation Ltd, a subsidiary of IndianOil has resigned from the company. S Venkataramana, director (operations), will hold additional charge as managing director.
  • IndianOil
    New Delhi   18-Nov-2011
    • Rajkumar Ghosh, Director (Refineries), Prithwiraj Sur, ED (I/c) and N. Sethurathinam, ED (Tech), addressing the press meet in Vadodara. Rajkumar Ghosh said that IndianOil will take up its refining capacity to 123 MMT/year by 2020-21.
  • IOC plans to double refining capacity
    Hyderabad   17-Nov-2011
    • State-run IndianOil (IOC), the nation’s largest oil firm, plans to double its refining capacity to 123 million tonnes a year by 2020-21, its director (refineries), Mr Rajkumar Ghosh said.
  • IOC plans to double refining capacity
    New Delhi   17-Nov-2011
    • State-run IndianOil (IOC), the nation’s largest oil firm, plans to double its refining capacity to 123 million tonnes a year by 2020-21,
  • IOC cleans up Mini river
    Vadodara   14-Nov-2011
    • IndianOil (IOC) has cleaned up the oil sludge from Mini river on the outskirts of the city under the supervision of Gujarat Pollution Control Board (GPCB). The state pollution watchdog has also asked the public sector unit (PSU)
  • IndianOil clinches Beighton Cup
    New Delhi   12-Nov-2011
    • IndianOil lifted the Coal India 116th all-India Beighton Cup hockey title for the second time in three years,
  • And the pumps run dry...
    New Delhi   11-Nov-2011
    • If IndianOil chairman RS Butola is to be believed, and you only have to look at his balance sheet to know he’s telling the truth, fuel pumps across the country may start running dry as early as next month.
  • IOC posts record 7,485 cr loss in Q2
    Ahmedabad   10-Nov-2011
    • Flagship refiner-marketer IndianOil on Wednesday posted a loss of over Rs 7,485 crore in the July-September period, the highest-ever quarterly loss reported by a listed company in the country, against a profit of Rs 5,294 crore in the same period of the last financial year.
  • IndianOil quarterly loss at Rs 7485cr
    Kolkata   10-Nov-2011
    • IndianOil on November 9, 2011 registered its biggest ever quarterly loss of Rs 7,485.55 crore and warned of supply disruptions as increased borrowing could lead to a shutdown of some refineries.
  • IOC says finances so bad, it may have to shut units
    Pune   10-Nov-2011
    • Despite raising the price of petrol 13 times in the past one year, the financial situation of IndianOil (IOC), the country’s largest oil marketing company, is so bad it may have to shut down some of refineries with no money to import crude.
  • If crude drops, so may petrol
    Kolkata   09-Nov-2011
    • IndianOil Corporation, which has the largest petrol pumps in the country, indicated on November 9, 2011 that it may cut petrol prices in case international crude oil prices continue to decline and the rupee does not depreciate.
  • IOC in the Red, Q2 Net Loss at Rs 7, 486
    New Delhi   10-Nov-2011
    • IndianOil Corporation (IOC) on Wednesday reported its worst-ever quarterly net loss of Rs7,486 crore for the July-September quarter due to mounting under-recoveries on fuel sales.
  • Oilcos may run out of Cash to buy Oil by December
    New Delhi   10-Nov-2011
    • India is staring at an energy crisis after December as state run refineries will start shutting down because they will run out of money to import crude oil, IndianOil Corporation Chairman RS Butola said after declaring the company's biggest quarterly loss.
  • Oil companies continues to Bleed
    New Delhi   10-Nov-2011
    • Oil marketing companies continue to bleed as IndianOil Corporation (IOC) today posted its largest-ever loss of Rs 7,486 crore for the second quarter ended September 30 on account of unmet under-recoveries and increase in interest costs.
  • IOC's move to divert distribution from Tiruchi draws flak
    Chennai   08-Nov-2011
    • Modernisation has its effect. A case in point is the Chennai-Tiruchi-Madurai petroleum product pipeline, which is economically beneficial for IndianOil but has its effect on the tanker operators who have been carrying petroleum products for many years.
  • Oil firms may cut prices by 16 Nov
    New Delhi   09-Nov-2011
    • Indian state run oil marketing companies may cut petrol prices by 16 November, IndianOil Chairman R.S. Butola told television network NDTV.
  • IOC hints at cut in petrol price
    New Delhi   09-Nov-2011
    • IndianOil (IOC), which has the largest number of petrol pumps in the country, indicated on Tuesday that it may cut petrol prices in case international crude oil prices continue to decline and the rupee does not depreciate.
  • Vigilance Awareness Week at IOC
    New Delhi   08-Nov-2011
    • In this phase of turning challenges into opportunities while reaching to newer zenith, it is imperative to display commitment to the highest levels of integrity and probity to sustain goodwill.
  • IndianOil
    New Delhi   06-Nov-2011
    • IndianOil Chairman RS Butola releases a Poster on Vigilance Awareness at the inaugural function of the Vigilance Awareness Week at the IndianOil Corporate Office on Saturday in the presence of Director (Pipelines) KK Jha, Director (R&D)
  • IOC (WR) observes Vigilance Awareness Week
    Mumbai   05-Nov-2011
    • SS Bapat, General Manager (Regional Services), IndianOil, Western Region (extreme left) administers the pledge to all employees on account of Vigilance Awareness Week from October 31 to November 5.
  • Oil cos: Will roll back prices if govt directs
    Mumbai   05-Nov-2011
    • Facing all- round criticism for a steep hike of Rs 1.80 a litre in petrol price, state- owned oil companies said they will roll back the increase in rate if the government gives a directive to that effect.
  • Oil firms refuse to budge
    Mumbai   05-Nov-2011
    • Despite hue and cry from political parties over the latest hike in the petrol prices, oil marketing companies on Friday maintained that there would not be any roll back.
  • We'll raise petrol prices further if needed: IOC
    New Delhi   07-Nov-2011
    • Painting a grim picture of its profitability, leading public sector oil refiner and retailer IndianOil (IOC) has said that it may have to raise petrol prices again, or cut down on supplies.
  • IOC polluted river despite being given channel to sea
    Ahmedabad   05-Nov-2011
    • The unprecedented river-on-fire incident could have been avoided had IndianOil (IOC) followed the protocol laid down in the Effluent Channel Project (ECP), started in 1983, to help Vadodara's chemical firms dispose treated effluents safely in the Gulf of Cambay instead of polluting the rivers.
  • IOC to rope in postmen to check fake LPG connections
    New Delhi   05-Nov-2011
    • Concerned over several Indane LPG connections held in fake names, IndianOil (IOC) has decided to rope in postmen to find out how many households hold gas connections which they are not entitled to hold.
  • Oil firms justify hike, say profit marginal
    New Delhi   05-Nov-2011
    • State-run oil companies on Friday conceded having made profit on petrol in the last few days but said it was “marginal” and not enough to avoid a price increase since overall losses on the fuel remained high owing to the rupee’s depreciation.
  • IOC Chairman defends hike in petrol price
    New Delhi   05-Nov-2011
    • State-owned oil marketing IndianOil (IOC) on Friday defended the petrol price hike saying that it doesn't get subsidy from the government over losses on petrol sale.
  • IndianOil
    New Delhi   05-Nov-2011
    • “We do not plan to affect a rollback of prices. But if we get a directive from the Government, we will have to implement that.”
  • GPCB issues notice to IOC over Mini river fire
    Ahmedabad   03-Nov-2011
    • IndianOil (IOC), India’s largest fuel retailer, is staring at a winter of discomfort with the Gujarat Pollution Control Board (GPCB) taking serious exception to the company allegedly using the 200 m stretch of the Mini river near Vadodara for discharging its refinery effluents.
  • IndianOil
    New Delhi   04-Nov-2011
    • R.S. Butola, Chairman, IOC, recently inaugurated Vigilance Awareness Week at IndianOil's Corporate Office. To mark the occasion and to spread awareness about various vigilance related issues, a special publication "Vigil" was released by Butola in the presence of K.K. Jha,
  • Oil sludge sets river Mini on fire
    Ahmedabad   02-Nov-2011
    • Villagers living along river Mini on the outskirts of the city couldn’t believe their eyes when they saw the river on fire on Monday. Huge flames leapt out of the river that runs close to river Mahi and it took a while before the fire brigade officials could contain the fire on Monday and Tuesday.
  • IOC seeks govt guarantee on AI dues
    New Delhi   03-Nov-2011
    • Flagship refiner-marketer IndianOil (IOC) has sought a comfort letter from the civil aviation ministry assuring payment of Air India’s unpaid fuel bills that are a tad short of the approved credit limit, even as the government has given a 60-day leeway to the national carrier for clearing dues.
  • IndianOil: A new level of success
    New Delhi   02-Nov-2011
    • IndianOil has varied business interests straddling the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration and production of crude oil and gas,
  • CPCL's proposal on crude oil pipeline deferred
    Chennai   29-Oct-2011
    • The Union Ministry of Environment and Forests has accepted the Expert Appraisal Committee's recommendation to defer the proposal of Chennai Petroleum Corporation Limited to lay a new crude oil pipeline from Chennai port to its refinery in suburban Manali.
  • Lanka IOC hopes to break-even
    New Delhi   01-Nov-2011
    • Lanka IOC, a wholly-owned subsidiary of IndianOil, hopes to negate its losses suffered so far this year consequent to an upward revision in the prices of petroleum products announced by the Sri Lankan Government.
  • JK Bank, IOCL sign MoU
    Jammu   23-Oct-2011
    • J&K Bank on October 22, 2011 inked Memorandum of Understanding (MoU) with IndianOil (IOCL), in Srinagar at Corporate Headquarters paving the way for installation of J&K Bank Automated Teller Machines (ATMs) and allied services facilities at selected retail outlet (petrol pumps) of IOCL across India.
  • IOC brings out Tank Full scheme for customers
    Jammu   22-Oct-2011
    • IndianOil, in pace with its massive turnover, which made this company to 98th position in the world Fortune 500 list, has once again brought a unique offering for its valuable customers.
  • JSPL, IOC talk to Kiwi Lanza for ethanol
    Mumbai   24-Oct-2011
    • In a bid to scout for newer ways of making use of waste gases and petro products from different processes, two of India’s sector biggies — IndianOil (IOC) and Jindal Steel and Power Ltd (JSPL) — have initiated talks with New Zealand-based green energy company LanzaTech.
  • IndianOil
    New Delhi   25-Oct-2011
    • Acknowledging the excellent performance on several key parameters, IndianOil has been honoured with Gold Award in 'Oil & Gas category' of India Pride Awards. The award was received by R.S. Butola, Chairman, and IndianOil, from Montek Singh Ahluwalia.
  • Now JK Bank ATMs at IndianOil petrol pumps
    Srinagar   22-Oct-2011
    • The Jammu and Kashmir Bank today inked a Memorandum of Understanding (MoU) with IndianOil, here at Corporate Headquarters paving the way for installation of Bank's Automated
  • LPG supply strikingly hit
    Chennai   21-Oct-2011
    • A strike by drivers of trucks, which transport Indane cylinders from the IOTL bottling plant to various distributors across the city, has resulted in stoppage of LPG despatches from the facility in suburban Manali.
  • IndianOil to announce Q2 results on Nov 09, 2011
    New Delhi   21-Oct-2011
    • A meeting of the Board of Directors of IndianOil will be held on November 09, 2011, to consider and approve the Unaudited Financial Results for the second quarter and half year ended September 30, 2011.
  • IOC raises borrowing limit by Rs 30,000 crore
    Pune   22-Oct-2011
    • IndianOil (IOC) has got shareholders’ nod to raise its borrowing limit from Rs 80,000 crore to Rs 110,000 crore as the nation’s largest fuel retailer has grown increasingly
  • IOC gets investors’ nod to raise borrowing limit
    Mumbai   22-Oct-2011
    • IndianOil (IOC) has got shareholders’ nod to raise its borrowing limit by Rs 30,000 crore to Rs 110,000 crore as the nation’s largest fuel retailer has grown increasingly reliant on debt to meet even its day-to-day expenses.
  • IOC raises borrowing limit by Rs 30,000 cr
    New Delhi   22-Oct-2011
    • IndianOil (IOC) has got shareholders' nod to raise its borrowing limit by Rs 30,000 crore to Rs 110,000 crore as the nation's largest fuel retailer has grown increasingly reliant on debt to meet even its daytoday expenses.
  • IOC increases borrowing limit to Rs 110,000 cr
    New Delhi   22-Oct-2011
    • IndianOil (IOC) has got the shareholders' nod to raise its borrowing limit by Rs 30,000 crore to Rs 110,000 crore as the nation's largest fuel retailer has grown increasingly reliant on debt to meet even its day-to-day expenses.
  • IndianOil raises borrowing limit to Rs 1,10k crore
    New Delhi   22-Oct-2011
    • IndianOil (IOC) has got shareholders' nod to raise its borrowing limit by Rs 30,000 crore to Rs 1,10,000 crore as the nation's largest fuel retailer has grown increasingly reliant on debt to meet even its day-to-day expenses.
  • IndianOil - Results of Postal Ballot
    New Delhi   20-Oct-2011
    • IndianOil has informed BSE that the members of the Company by way of Postal Ballot have passed the following Ordinary Resolution with requisite majority.
  • IndianOil's Paradip refinery put off by a year
    Mumbai   20-Oct-2011
    • The commissioning of IndianOil's Paradip refinery project is likely to be deferred by over 12 months to June 2013, mainly because Bharat Heavy Electricals Ltd (Bhel) has not been able to complete its power plant at the refinery in time, a senior IndianOil official said on Wednesday. The IndianOil Paradip refinery project,
  • OIL stops credit to IOC on crude oil purchases
    New Delhi   19-Oct-2011
    • Public sector explorer Oil India (OIL) has turned down IndianOil’s (IOC) request to allow credit on buying crude oil. Also, India’s largest explorer ONGC said that it has received similar request from Bharat Petroleum Corporation (BPCL), but have not received from IOC.
  • IndianOil wants to get crude on credit
    New Delhi   18-Oct-2011
    • The delay in government compensation for the regulated sale of fuels has prompted the country’s largest oil marketer IndianOil to seek crude oil from Oil and Natural Gas Corporation and Oil India Ltd on credit. The leeway is being sought for as long as the government does not transfer subsidy.
  • IndianOil
    New Delhi   12-Oct-2011
    • Makrand Nene has been appointed as the Director (Marketing) of IndianOil with immediate effect. Nene has also been appointed Chairman of IOC's subsidiary – Lanka IOC (LIOC) in Sri Lanka, IOC's joint venture companies
  • IndianOil
    New Delhi   11-Oct-2011
    • Makarand Nene has been appointed as the Director (Marketing) of oil major IndianOil (IOC). He succeeds G.C. Daga,
  • Oil majors need to invest Rs 15k cr to shift to BS-IV
    New Delhi   09-Oct-2011
    • Oil majors have to invest around Rs 15,000 crore to comply with Bharat Stage (BS)-IV fuel norms at their refineries, which would help the automobile industry address emission concerns.
  • M Nene new IOC marketing director
    New Delhi   10-Oct-2011
    • IndianOil has appointed Makarand Nene as the new director (marketing). He succeeded GC Daga who retired on September 30.
  • IndianOil
    Mumbai   08-Oct-2011
    • Makarand Nene has been appointed as the Director Marketing IndianOil. He has also been appointed Chairman of IOC’s subsidiary – Lanka IOC (LIOC) in Sri Lanka, IOC’s joint venture companies
  • Water found in petrol at HIMFED-run pump
    New Delhi   08-Oct-2011
    • The presence of a large quantity of water in an IndianOil (IOC) petrol pump, which is being run by HIMFED, at Sarahan in the Pacchad constituency in Sirmaur district has put a question mark on the operations of HIMFED.
  • IOCL gets new Marketing Director
    Chennai   07-Oct-2011
    • Makarand Nene has been appointed as the new Director-Marketing of the IndianOil (IOC), with immediate effect. He takes over from GC Daga, who superannuated in September 2011.
  • ‘Time not right to cut petrol price’
    New Delhi   06-Oct-2011
    • The sharp fall in crude prices over the last few days may have nixed another round of increase in petrol price and market leader IndianOil Corporation will watch the trend for “a reasonable” time before taking a call on paring the rate, says company’s director (marketing) Makrand Nene.
  • IOC gets new Marketing Director
    New Delhi   07-Oct-2011
    • IndianOil got a new Director (Marketing) with the appointment of Mr Makarand Nene. He succeeded Mr G.C. Daga who retired on September 30.
  • RIL, GAIL, IOC among finalists for Platts award
    New Delhi   05-Oct-2011
    • Seven Indian firms, including Reliance Industries (RIL), Cairn India and IndianOil (IOC), figure in the list of finalists for "the Oscars" of the energy industry, the Platts Global Energy Awards.
  • 7 Indian firms for Platts awards
    New Delhi   05-Oct-2011
    • Seven Indian firms, including Reliance Industries, Cairn India and IndianOil (IOC), figure in the list of finalists for “the Oscars” of the energy industry, the Platts Global Energy Awards.
  • CPCL pays 120% dividend for 2010-11
    Kolkata   29-Sep-2011
    • Chennai Petroleum Corporation] Limited (CPCL) has declared a dividend of 120% for the year 2010-11. This was announced by! Mr.R.S.Butola, Chairman, lndianOil Group Companies, at the Company's 45th Annual General Meeting (AGM) in Chennai on 12.09.2011.
  • Mr. Hirak Dutta appointed Executive Director of OISD
    Kolkata   29-Sep-2011
    • Mr. Hirak Dutta has assumed the charge of Executive Director, Oil Industry Safety Directorate (OISD). Prior to the present assignment, he was working as General Manager (Technical) at IndianOil's Haldia Refinery.
  • Gupta is IOC executive director
    New Delhi   30-Sep-2011
    • State-owned IndianOil said Vijay Gupta has been appointed as Executive Director (Corporate Affairs) in the company. He has also worked in OCC of the Ministry of Petroleum and Natural Gas.
  • Bharat Nirman Award-2011
    New Delhi   30-Sep-2011
    • Dr. Ajit Pathak, National President, PRSI, and DGM, IndianOil receives the Bharat Nirman Award-2011 for his contribution to Public Relations and Mass Comm from Dr. Ashok Chakradhar and Dr. K K Agarwal, President, Heart Care Foundation.
  • A re-energized vision: Interview of Director (HR)
    New Delhi   30-Sep-2011
    • With an ambitious target for the next 50 years, IndianOil, with business interests straddling the entire hydrocarbon value chain, has a new vision based on core values. Sudhir Bhalla, Director-HR, IndianOil, speaks to People Matters on the company's HR practices that have kept it ahead.
  • Fuel pump project ignites ire of Seraulim residents
    Goa   25-Sep-2011
    • Nearly 315 Reliance Park Housing Complex residents and adjoining farmers having fields along the Colva – Seraulim road are up in arms against a proposed IOC petrol pump, which appears to have tacit support of authorities.
  • IOC to increase R&D spend by 50% in 5 years
    New Delhi   26-Sep-2011
    • IndianOil (IOC) is developing a new knowhow at its research and development (R&D) centre to boost its refinery yield. The R&D team has taken up several projects that would help its refineries process cheaper and heavy sour crude that will improve refining margins.
  • IndianOil to raise borrowing limits by Rs. 30,000 cr
    New Delhi   23-Sep-2011
    • IndianOil, the country’s biggest oil refining and marketing company, plans to raise its borrowing limit by Rs. 30,000 crore to Rs. 110,000 crore as it apprehends borrowings to go up sharply due to high under-recovery on sales of diesel, kerosene and domestic LPG.
  • Hirak Dutta appointed Executive Director of OISD
    New Delhi   23-Sep-2011
    • Hirak Dutta has assumed the charge of Executive Director, Oil Industry Safety Directorate. Prior to this, he was working as General Manager (Technical) at IndianOil's Haldia Refinery.
  • IndianOil donates Rs 3.2 lakh to HelpAge India
    Chandigarh   21-Sep-2011
    • IndianOil has extended a financial support of Rs 3.2 lakh to HelpAge India, an NGO, in its crusade for well-being of the poor old people. RK Arora, general manager, IndianOil, handed over the cheque to the NGO representatives at a function.
  • Bongaigaon Refinery celebrates Hindi Fortnight
    Guwahati   17-Sep-2011
    • Bongaigaon Refinery celebrated the Hindi Fortnight from September 1 to 14, 2011 with enthusiasm, according to a press release. A host of activities were carried out during the fortnight to augment employees’ interest towards effective use of the official language Hindi in official works.
  • ‘Petrol price hike doesn’t hit entire economy’
    New Delhi   19-Sep-2011
    • Subsidizing the fuel will aggravate the fiscal deficit scenario and give rise to inflationary factors that will affect all and not just the actual users, Ranbir Singh Butola, chairman of fuel retail market leader IndianOil, tells Sanjay Dutta.
  • IOC to reduce petrol price if global crude rates dip
    New Delhi   17-Sep-2011
    • State-run IndianOil will use the first available opportunity to cut petrol rates if international crude rates dip, chairman RS Butola said after widespread criticism of the Rs 3 increase in petrol prices.
  • Another hike: Petrol dearer by Rs 3 a litre
    New Delhi   16-Sep-2011
    • In what will add to the inflationary pressure — already touching the danger mark — state-owned oil firms on Thursday announced a Rs 3.14-a-litre petrol price hike, but left the diesel prices untouched for now.
  • Petrol prices up by Rs. 3.14 a litre
    New Delhi   16-Sep-2011
    • Faced with rising under-recoveries and continuing upward trend in the international crude oil prices, the oil marketing companies announced an increase of Rs. 3.14 petrol prices on Thursday.
  • Petrol price hiked, again
    New Delhi   16-Sep-2011
    • For the second time in four months, petrol has become costlier. The public sector oil marketing companies (OMCs) have increased the fuel price by over Rs 3 a litre from Friday.
  • Petrol prices up by over Rs 3 in fourth hike this year
    New Delhi   16-Sep-2011
    • You and me will have to pay Rs 3.14 to Rs 3.32 more for every litre of petrol from Friday. This is the fourth time petrol price has been revised in 2011 and the ninth time since government decontrolled it.
  • IOC to invest $1.87bn in Koyali refinery
    New Delhi   16-Sep-2011
    • IndianOil is mulling investing $1.87 billion to raise capacity at its Koyali refinery in Gujarat. "The board is likely to take up shortly the recommendations of an internal team that suggested the company should increase Koyali capacity from 13.7 million tonnes
  • Petrol prices up by Rs 3.14; Constrained to do so: OMCs
    New Delhi   16-Sep-2011
    • After guarding the price line for two-and-a-half months to allow the monsoon session of Parliament to get over, state-run oil marketing companies (OMCs) today announced a hefty increase in petrol prices.
  • IndianOil celebrates its Foundation Day
    Mumbai   13-Sep-2011
    • IndianOil celebrated its foundation day with much enthusiasm and fervour across the country. In Marketing HQ, Mr. G C. Daga, Director (Marketing) felicitated the retired employees of the Corporation during a function held recently in Mumbai.
  • Chennai Petroleum, Karaikkal Port ink deal on crude carriers
    New Delhi   14-Sep-2011
    • Chennai Petroleum Corporation Ltd, which runs a 0.5-million-tonne, mini refinery near Nagapattinam, has entered into an agreement with Karaikkal Port Pvt Ltd for bringing in bigger crude carriers, CPCL's Chairman, Mr R S Butola, said on September 13, 2011.
  • IndianOil - Celebrated 48th Foundation Day
    Mumbai   10-Sep-2011
    • IndianOil’s Western Region and Maharashtra State Office jointly celebrated the 48th IndianOil Foundation Day at Ravindra Natya Mandir recently.
  • IndianOil
    New Delhi   12-Sep-2011
    • Rajkumar Ghosh has been appointed as the director of IOC. Mr Ghosh was earlier working as executive director (in-charge) at the refineries headquarters, and also at the Panipat Refinery.
  • IndianOil celebrates IndianOil Day with a difference
    Mumbai   09-Sep-2011
    • IndianOil’s Western Region and Maharastra State Office jointly celebrated the 48th IndianOil Foundation Day at Ravindra Natya Mandir on 2nd Sept 2011. This year, the occasion was celebrated with a difference - under the astute guidance of Shrikant S Bapat,
  • IndianOil Day function at Gujarat State Office, Ahmedabad
    Ahmedabad   09-Sep-2011
    • 48th IndianOil Day was observed with great fervour at Ahmedabad by all employees of Gujarat State Office (GSO) and all the units of GSO along with Ahmedabad based retired employees and their family members.
  • IndianOil day at Gujarat Refinery
    Ahmedabad   09-Sep-2011
    • Gujarat Refinery celebrated IndianOil day with a blood donation camp. Mr. and Mrs. Sur along with Mr and Mrs Sethurathinam were one of the first blood donors. Veteran and former employees were given mementoes and long service award. Cultural programmes were arranged in the evening.
  • IndianOil Day
    Ahmedabad   10-Sep-2011
    • IndiaOil Day was celebrated by the employees of Bareja and Navagam station, Ahmedabad, on 1st September, wherein station-in-charge V K Meena administered the pledge and explained the importance of the day.
  • Change of guard at IOC
    Ahmedabad   09-Sep-2011
    • R K Ghosh has taken over as the new Director (Refineries) of IndianOil. He was working as Executive Director (In-charge) at the Refineries Headquarters at New Delhi. He has over three decades of experience to his credit in the Hydrocarbon industry.
  • IndianOil bars Vitol from tenders
    New Delhi   09-Sep-2011
    • IndianOil (IOC) has barred Switzerland-based Vitol, the world's largest oil trading firm, from participating in its tenders and other state run refiners may follow suit, three people with direct knowledge of the matter said.
  • Eye donation campaign organised on IndianOil Day
    Mumbai   08-Sep-2011
    • Dr. Tatyarao Lahane, Dean of Grant Medical College and Sir JJ Group of Hospitals addressing the gathering at the 48th IndianOil Foundation Day celebrations organised by IndianOils Western Region and Maharastra State Office at Ravindra Natya Mandir.
  • IOC to set up bio-energy centre
    New Delhi   09-Sep-2011
    • IndianOil inked a memorandum of agreement with department of biotechnology (DBT), government of India, to set up a DBT-IOC Centre for Advanced Research on Bio-energy. The MoA was signed by Dr. R.K. Malhotra, director (R&D),
  • IndianOil Day
    New Delhi   09-Sep-2011
    • The IndianOil Day was celebrated at the Pipelines Division. On the occasion, K K Jha, Director (Pipelines), presented Recognition & Reward Scheme awards, awards to meritorious children of employees, among others. B V Janakiram, ED (Ops.), administrated IndianOil Pledge.
  • IndianOil to commission Paradip refinery by March
    Mumbai   07-Sep-2011
    • IndianOil plans to commission its 15 million tonne (mt) Paradip refinery in Orissa by March 2012, chairman and managing director R S Butola said. The refinery will produce 5.97 mt of diesel, 3.4 mt of petrol,
  • Court restrains IOC union from holding protests
    New Delhi   06-Sep-2011
    • A court here has restrained an IndianOil employees union from holding dharnas or indulging in gherao within a metre radius of the IndianOil Bhawan in Yusuf Sarai here, enjoy the fundamental right to protest peacefully this should not hamper or obstruct the transaction of business.
  • IOC staff told not to protest near office
    New Delhi   06-Sep-2011
    • Ruling that employees cannot misuse their fundamental right to protest to obstruct their firm's business, a Delhi court has permanently restrained IndianOil workers from holding demonstration inside and in vicinity of the company premises.
  • IndianOiI Western Region celebrates IndianOil Day
    Mumbai   06-Sep-2011
    • IndianOiI’s Western Region and Maharashtra state office jointly celebrated the 48th IndianOil Foundation Day at Ravindra Natya Mandir. This year, the occasion was celebrated with a difference under the astute guidance
  • Petrol price hike needed: IOC
    New Delhi   07-Sep-2011
    • State-run IndianOil (IOC) said petrol prices need to be raised as revenue losses from selling the fuel at government controlled rates have widened more than sevenfold in September, the head of finance, Mr P.K. Goyal, said on Tuesday.
  • Need to raise petrol prices: IOC
    New Delhi   07-Sep-2011
    • State-run IndianOil said petrol prices need to be raised as revenue losses from selling the fuel at government controlled rates have widened more than seven-fold this month, head of finance PK Goyal said on Tuesday.
  • LPG tanker blast kills three in Maharashtra
    New Delhi   07-Sep-2011
    • Three persons were killed and a few others injured, while five vehicles, at least six shops and a house were destroyed when an LPG tanker exploded and fell into Panjara river at Pimpalner in Dhule district of north Maharashtra, late on Monday night.
  • IndianOil may raise petrol prices
    New Delhi   07-Sep-2011
    • State-run IndianOil said local petrol prices need to be raised as revenue losses from selling the fuel at government controlled rates have widen more than sevenfold this month, head of finance P.K. Goyal said on Tuesday.
  • Petrol prices must be raised to cut rising losses: IOC
    New Delhi   07-Sep-2011
    • Petrol prices need to be raised as revenue losses for refiners spiral, IOC finance head PK Goyal said on Tuesday. Losses on petrol sales stood at about Rs 3 as against about Rs 0.41 a litre in the fortnight ended August 31 due to a rise in Singapore spot prices, he added.
  • IndianOil seeks to raise petrol prices
    New Delhi   07-Sep-2011
    • State-run IndianOil said petrol prices need to be raised as revenue losses from selling the fuel at government controlled rates have widened more than seven-fold this month, head of finance PK Goyal said on Tuesday.
  • Adani goes for Green Gas
    New Delhi   04-Sep-2011
    • Gujarat-based Adani Gas, an arm of Adani Enterprise, would pick up 20 per cent stake in Green Gas Ltd, a joint venture between Gail and the IndianOil (IOC). Green Gas supplies city gas and compressed natural gas to Agra and Lucknow in Uttar Pradesh.
  • Court order on IOC workers
    New Delhi   06-Sep-2011
    • Ruling that employees cannot misuse their fundamental right to protest so as to obstruct the firm's business, a Delhi court has permanently restrained IndianOil (IOC) workers from holding demonstration inside and in the vicinity of the company premises.
  • IndianOil
    Mumbai   05-Sep-2011
    • Rajkumar Ghosh has taken over as the Director (Refineries) of IndianOil. He takes over from B N Bankapur who superannuated on 31st August, 2011. Rajkumar Ghosh was working as Executive Director
  • IndianOil Day observed at Digboi
    Guwahati   02-Sep-2011
    • The IndianOil Day 2011 was observed at Assam Oil Division (AOD) with a formal inaugural ceremony organized in Digboi this morning at the Golden Jubilee Complex Digboi. The celebration day was marked by a day long agenda of various kinds including the IndianOil Pledge
  • IOC Petronas to enrich TN govt coffers by Rs 938 cr over 15 years
    New Delhi   05-Sep-2011
    • Once the LPG importation and storage terminal of IndianOil Petronas Pvt Ltd goes operational (in December), the Tamil Nadu government will collect Rs 938 crore, over the next 15 year in various taxes, a senior official of the joint venture of IndianOil and the Malaysian oil major, Petronas, told Business Line recently.
  • IOC forays into solar power
    New Delhi   05-Sep-2011
    • To de-risk its balance sheet from rising under-recoveries in the long term, IndianOil (IOC) has forayed into solar power. The maharatna firm had earlier entered wind and nuclear power generation.
  • Rajkumar Ghosh new IOC director
    New Delhi   03-Sep-2011
    • Rajkumar Ghosh has taken over as Director (Refineries) of state-owned IndianOil. He takes over from B N Bankapur who superannuated On Wednesday,
  • Duty recast to hit NE refineries
    Kolkata   02-Sep-2011
    • Duty restructuring by the Centre, coupled with increase in entry tax by the Assam government, will cost the four refineries of the North East around.1900 crore annually.
  • High Court seeks details from government
    Cuttack   30-Aug-2011
    • The stand-off over the construction of the intake well on the Mahanadi river bed for the purpose of supplying water to the IndianOil (IOCL) Oil Refinery at Paradip has taken a new twist with the Orissa High Court seeking details on the land from the Government.
  • APMU stir against IOC apathy
    Guwahati   30-Aug-2011
    • The Assam Petroleum Mazdoor Union (APMU) has decided to stop loading and unloading petroleum products throughout the North East India for 24 hours beginning at 5 am on September 3 in protest against the ‘indifferent attitude’ of the IndianOil (IOCL) towards the kerosene blast victims.
  • Stir called against alleged harassment of oil workers
    Guwahati   30-Aug-2011
    • The Assam Petroleum Mazdoor Union has demanded compensation for the victims of the kerosene blasts which rocked the State recently and an end to alleged harassment of oil workers in the name of the probe ordered by the government into the kerosene blasts.
  • IndianOil eyes LatAm Crude for Paradip Plant
    Kolkata   01-Sep-2011
    • IndianOil (IOC), the country's biggest refiner, plans its first major purchases of Latin American crudes for its new 300,000 barrels per day (bpd) Paradip refinery and is unlikely to raise supplies from Iran, its head of refineries said on Wednesday.
  • Director (Refineries), IndianOil
    New Delhi   02-Sep-2011
    • Rajkumar Ghosh has taken over as the Director [Refineries] of IndianOil. Ghosh was working as executive director (In-charge) at the refineries headquarters in New Delhi.
  • Rajkumar Ghosh takes over as Director (Refineries) of IndianOil
    New Delhi   02-Sep-2011
    • Rajkumar Ghosh has taken over as the Director [Refineries] of IndianOil. He takes over from B.N. Bankapur who superannuated recently. Ghosh was working as Executive Director (in-charge) at the refineries headquarters at New Delhi.
  • Rajkumar Ghosh is IOC director
    New Delhi   02-Sep-2011
    • IndianOil said Rajkumar Ghosh has taken over as director (refineries) of the company. He takes over from BN Bankapur who superannuated on Wednesday, a company press statement said.
  • MMC turns down IOCL proposal for ATF pipeline
    Goa   31-Aug-2011
    • Mormugao Municipal Council on Tuesday resolved not to issue permission to IndianOil (IOCL) for laying Aviation Turbine Fuel (ATF) pipeline from IOCL depot Vasco to Dabolim.
  • IOC Lanka arm losing market on higher selling price
    New Delhi   01-Sep-2011
    • Lanka IOC, the Sri Lankan subsidiary of state-run IndianOil (IOC), faces the same fate as private sector oil marketers Essar Oil and RIL so far as diesel sale is concerned. Lanka IOC, which competes with Sri Lankan government-owned Ceylon Petroleum Corporation (Ceypetco), has lost 80 per cent of its diesel sale owing to higher selling price.
  • IOC to shut Mathura plant in September
    New Delhi   31-Aug-2011
    • IndianOil (IOC), the country's biggest oil refiner, will fully shut its 160,000 barrels per day (bpd) Mathura refinery in northern India from September 21 for a three week maintenance, a source familiar with the plan said on Monday. The company will shut its sole crude unit at the plant for maintenance, rendering other units idle, the source, who did not wish to be named, told Reuters.
  • IndianOil Petronas LPG terminal at Ennore nearing completion
    New Delhi   31-Aug-2011
    • The LPG importation terminal being put up at Ennore, about 25 km north of Chennai, by IndianOil Petronas Pvt Ltd, is nearing completion, and the region could get the gas from the end of the year, Mr U.V. Mannur, Chief Executive Officer, told Business Line on August 30, 2011.
  • IOC launches self-refueling facility
    New Delhi   30-Aug-2011
    • IndianOil has introduced for the first time in India, the concept of self refueling facility to its customers in line with global trend.
  • IndianOil gifts coconut saplings to green Tirupur
    Coimbatore   28-Aug-2011
    • One of India's top ranking oil companies has decided to do its bit towards making Tirupur green. The IndianOil will award a coconut seedling to the winner of an environmental quiz held every day among consumers who visit their outlets across the district.
  • IOC plans second LNG terminal on east coast
    New Delhi   29-Aug-2011
    • IndianOil (IOC) mulls setting up its second five million tonnes per annum liquefied natural gas (LNG) terminal on east coast. The public sector refiner is in talks with global LNG suppliers such as Gazprom, RasGas and ExxonMobil to secure natural gas supplies for its two terminals.
  • IOC’s forex debt crosses $5bn, seeks monthly doles
    New Delhi   27-Aug-2011
    • Flagship refiner-marketer IndianOil's foreign currency borrowings have crossed $5 billion, even as the company is bracing for running up a loss of Rs 92,700 crore in 2011-12 on selling motor and kitchen fuels at government-capped prices.
  • IndianOil stall at SIRC Conference
    Chennai   25-Aug-2011
    • IndianOil set up an exhibition stall during the 43rd regional conference, "Jnana Sangamam", organised by the Southern Indian Regional Council, part of The Institute of Chartered Accountants of India. The conference was held at Coimbatore on August I9 and 20.
  • Self-service refuelling facility at IOC outlet in Delhi
    New Delhi   26-Aug-2011
    • Self-refuelling petrol pumps have become a reality in India. IndianOil introduced the concept at its dealer-owned retail outlet at IIT Gate in Delhi. The self-dispensing system is quite popular at fuel stations abroad and is expected to generate lot of interest, especially among the youth, the company said.
  • Fuel shortage: IOCL comes to the rescue
    Goa   24-Aug-2011
    • The IndianOil (IOCL) depot in Vasco provided succour to its rival fuel companies, in a desperate bid to quell panic buying of fuel in the State.
  • IOC shuts Koyali hydrotreater unit
    New Delhi   23-Aug-2011
    • IndianOil, the nation's largest refiner, shut a unit that removes sulfur from diesel at its biggest plant for planned maintenance, according to two people with knowledge of the operations.
  • IndianOil shuts unit in Koyali
    New Delhi   23-Aug-2011
    • IndianOil has shut a unit that removes sulfur from diesel at the Koyali refinery in Gujarat for planned maintenance. The unit will resume at the end of August after it was closed in the middle of month.
  • IOC accorded 'Business Superbrand' status
    New Delhi   19-Aug-2011
    • IndianOil has been accorded the 'Business Superbrand' status by the Superbrands Council of India. The award was presented by Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission of India, to N. Srikumar, Executive Director (Corporate Communications and Branding), IndianOil, at a ceremony held at New Delhi, recently.
  • IndianOil launches multi functional LPG regulator
    New Delhi   19-Aug-2011
    • IndianOil launched the multi functional presser LPG regulator for the domestic LPG customers in New Delhi. The multi functional regulator has numerous safety features besides leak detection, child lock, gas level indicator and excess flow shut off feature etc.
  • Oil cos snap fuel line to AI, resume after govt steps in
    Chandigarh   11-Aug-2011
    • State-run oil marketers IOC, HPCL and BPCL on Wednesday stopped supplying jet fuel to struggling carrier Air India to force the company to clear its dues, but resumed supply later in the evening after the government intervened, executives in oil firms said.
  • Loss-laden IOC in no hurry to cut petrol price
    Kolkata   11-Aug-2011
    • State-owned IndianOil, which suffered a net loss of Rs 3,719 crore in the first quarter of this fiscal for selling diesel and LPG below cost, today indicated that it would not reduce petrol prices as global crude rates were volatile.
  • IndianOil to clear Iran outstanding
    New Delhi   12-Aug-2011
    • State-owned IndianOil (IOC) said it would clear its entire 461 million euro outstanding towards Iran for past oil supplies by the month end. "We have over the past one week paid 73 million euros. Balance will be paid in 15-20 days," IOC director (finance) PK Goyal said.
  • IOC loss widens to 3,719 cr
    Mumbai   11-Aug-2011
    • State-owned IndianOil (IOC) reported higher net loss in the first quarter ended June 30 to Rs 3,719 crore as the government made good only a third of the losses it made on selling auto and cooking fuel at state controlled rates.
  • Subsidy burden, spiky rates drag down IOC
    New Delhi   12-Aug-2011
    • Despite a 29 per cent year-on-year growth in net sales to Rs 92,523 crore, downstream oil-major IndianOil reported a 10 per cent increase in net loss to Rs 3,719 crore in the June 2011 quarter.
  • IOC’s refining margins squeezed
    New Delhi   11-Aug-2011
    • The IndianOil (IOC) stock gave up some recent gains on Wednesday, falling 3.5% to Rs. 326.35, as its June quarter financial results were announced.
  • IndianOil
    New Delhi   11-Aug-2011
    • An interactive session with ML Sharma, Information Commissioner, was organised at IndianOil’s Pipelines Division HO during an awareness programme on Right to Information Act. Suneel Sethi, ED (HR),
  • IOC selloff talks back as global oil slips
    New Delhi   11-Aug-2011
    • The government is likely to bring the divestment of oil sector major IndianOil back on the table if international crude prices continue to decline, as a result of a sharp deceleration in global growth.
  • IndianOil
    New Delhi   11-Aug-2011
    • “Major reason (for increase in net loss) has been that we have had a higher number of unmet under-realisation on diesel, domestic LPG and kerosene. The unmet fuel loss in Q1 increased to Rs 7,673 crore from Rs 7,343 crore.”
  • IOC’s Rs. 15,000 cr FPO deferred till year-end
    New Delhi   11-Aug-2011
    • State-owned IndianOil’s (IOC) Rs 15,000-crore share sale has been deferred till this year-end due to unfavourable market conditions and rising global crude oil prices.
  • IndianOil’s losing streak continues
    New Delhi   11-Aug-2011
    • IndianOil on Wednesday reported a net loss of Rs. 3,719 crore for the first quarter ( April- June) of this fiscal as the government did not fully reimburse it for the revenue loss on diesel, LPG and kerosene at controlled prices while the cost of importing crude oil has skyrocketed.
  • IOC’s Rs. 15,000-cr FPO deferred till year-end
    New Delhi   11-Aug-2011
    • State-owned IndianOil’s (IOC) Rs 15,000-crore share sale has been deferred till this year-end due to unfavourable market conditions and rising global crude oil prices.
  • Petrol prices may come down
    New Delhi   11-Aug-2011
    • State-owned oil firms are making a small margin of Rs 0.30 per litre on petrol, but a reduction in retail prices will be possible only if international rates come down on a sustained basis, market leader IndianOil said.
  • IOC loses Rs 3,719 crore
    New Delhi   11-Aug-2011
    • State-owned IndianOil on August 10, 2011 reported widening of net loss in the first quarter ended 30 June 2011 to Rs 3,719 crore as the government made good only one third of the losses it made on selling auto and cooking fuel at state-controlled rates.
  • IOC Q1 loss widens to Rs. 3,719 cr
    New Delhi   11-Aug-2011
    • Increased under-recoveries and higher interest outgo further widened IndianOil's losses in June quarter as the State run oil marketing company announced a net loss of Rs. 3,719 crore compared to Rs. 3,388 crore in the April-June quarter of 2010-11.
  • Petrol price cut hinges on crude
    New Delhi   11-Aug-2011
    • State-owned oil firms are making a small margin of Rs. 0.30 per litre on petrol but a reduction in retail price will be possible only if international rates come down on a sustained basis, market leader IndianOil said.
  • IOC loss widens to Rs 3719cr in Q1
    New Delhi   11-Aug-2011
    • IndianOil on Wednesday reported widening of net loss in first quarter ended June 30 to Rs 3,719 crore as government made good only a third of the losses it made on selling auto and cooking fuel at state controlled rates.
  • IOC losses swell to Rs. 3,719 cr
    New Delhi   11-Aug-2011
    • Despite higher refining margins in the first quarter of this fiscal, state-owned IndianOil on Wednesday reported a 9% rise in net losses at R3,718.7 crore, mainly on account of selling diesel, LPG and kerosene below cost.
  • IOC posts Rs. 3,719cr Q1 loss on subsidy & borrowings
    New Delhi   11-Aug-2011
    • State-run IndianOil has reported Rs. 3,719 crore net loss in the first quarter of current financial year because of huge revenue losses on selling diesel, kerosene and cooking gas below market rates and rising borrowings. "Major reasons for the loss are unmet revenue loss and high borrowing cost,”
  • IOC loss widens to Rs.3,719 crore
    New Delhi   11-Aug-2011
    • Country's biggest petroleum products retailer IndianOil (IOC) on Wednesday reported a higher loss of Rs.3,719 crore against Rs.3,388 crore in the corresponding quarter in the previous year as the government covered only a third of the losses it made on selling petroleum products at subsidised rates.
  • IOC Q1 net loss widens to Rs 3,719 cr
    New Delhi   11-Aug-2011
    • India’s largest oil refining and marketing firm IndianOil (IOC) on Wednesday reported widening of its net loss for the quarter ended April-June at Rs 3,719 crore. The company had reported a net loss of Rs 3,388 crore in the same quarter a year ago.
  • No chance of a fuel price cut: IOC
    New Delhi   11-Aug-2011
    • The possibility of a reduction in petrol prices turned bleak on Wednesday as crude oil prices staged a substantial recovery in the international oil markets to rule up by nearly $4 per barrel.
  • IOC loss widens to Rs 3,719 cr in Q1 on rising under-recoveries
    New Delhi   11-Aug-2011
    • IndianOil's June 2011 quarter losses widened to Rs 3,719 crore against Rs 3,388 crore in the corresponding previous quarter. The main reasons for this were unmet revenue loss on sale of regulated petroleum products, increase in interest outgo and inventory loss.
  • IOC’s loss widens to Rs 3,719 crore in Q1
    New Delhi   11-Aug-2011
    • IndianOil on Wednesday reported less than expected losses for 2011-12 April-June quarter. IOC posted a loss of Rs 3,719 crore for the first quarter of the current financial year against Rs 3,388 crore in the same quarter previous year.
  • IndianOil posts net loss of Rs. 3,719 cr
    New Delhi   11-Aug-2011
    • IndianOil on August 10, 2011 reported net loss of Rs. 3,719 crore for the first quarter due to unmet losses of Rs. 673 crore from the government. The net loss is up by 10 per cent over last year’s corresponding loss of Rs. 3,388 crore.
  • IOC Q1 loss rises 9% to Rs 3,719 cr
    New Delhi   11-Aug-2011
    • Despite higher refining margins in the first quarter of this fiscal, state-owned IndianOil reported a 9 per cent rise in net losses at Rs 3,718.7 crore, mainly on account of selling diesel, LPG and kerosene below cost.
  • IndianOil registers a net loss of Rs. 3,719 crore
    New Delhi   11-Aug-2011
    • IndianOil (IOC) has posted a wider loss for the three months ended 30 June mainly because of selling petroleum products below the market price and on higher interest payments.
  • Pradyut inaugurates power sharing system at Digboi
    Guwahati   05-Aug-2011
    • Pradyut Bordoloi, Minister of Power, Industries and Commerce inaugurated the system of IndianOil (AOD) power supply to APDCL at Digboi on the afternoon of July 28 at a function organised jointly by the Oil Corporation division and APDCL authorities at the premises of the 33 KV sub-station of Balijan, Digboi.
  • 'Forensic report on kerosene oil blast contradictory'
    Guwahati   07-Aug-2011
    • Forensic test report of kerosene oil samples, collected in Bongaigaon district after the blast incident has not matched with the report prepared by IndianOil, Dhaligaon, confirmed the Bongaigaon ADC Binod Kumar Deka.
  • IndianOil sponsors Himalayan Bike Rally
    New Delhi   09-Aug-2011
    • R.P.N. Singh, Minister of State for Petroleum and Natural Gas and Corporate Affairs, flagged off the 'Peaks of Friendship' motorbike expedition to Ladakh, sponsored by IndianOil, in the presence R.S. Butola, Chairman, IndianOil
  • CPCL- Director (Technical) appointed
    Kolkata   06-Aug-2011
    • Mr.T.S.Ramachandran (56) has been appointed as the Director (Technical) of Chennai Petroleum Corporation Limited (CPCL) by the Government of India. He assumed charge on 26.07.2011.
  • IndianOil
    Ahmedabad   05-Aug-2011
    • Induction Training Program at IndianOil's WRPL Gauridad. Trainee officers seen with Anish Aggarwal ED (WRPL) along with other officials on inauguration.
  • IndianOil retains Business Superbrand status
    Kolkata   05-Aug-2011
    • IndianOil, the country's only corporate house to find a place in the top 100 of the Fortune `Global 500' listing, has been accorded the prestigious `Business Superbrand' status by the Superbrands Council of India.
  • IndianOil scholarships
    New Delhi   08-Aug-2011
    • IndianOil is offering 2,600 scholarships for students of 10+/ ITI, Engineering, MBBS & MBA courses on merit cum means basis. 2,000 sholarships are being offered for 10+/ITI studies and 600 scholarships are being offered for professional courses.
  • IndianOil honour
    Kolkata   05-Aug-2011
    • IndianOil has been accorded the prestigious 'Business Superbrand' status by the Superbrands Council of India.
  • Motorbike expedition to Ladakh
    New Delhi   05-Aug-2011
    • RPN Singh, Minister of State for Petroleum & Natural Gas and Corporate Affairs, flags off the “Peaks of Friendship” Motorbike Expedition to Ladakh, sponsored by IndianOil, in presence of R.S Butola, Chairman, IndianOil, and Sudhir Bhalla, Director, HR, IndianOil.
  • IOC scrip
    New Delhi   05-Aug-2011
    • After a phase of sideways movement, the counter witnessed fresh round of build up of long positions on Thursday. The short term indicators have come in buy mode.
  • IOC says to make small Iran oil payment soon
    New Delhi   05-Aug-2011
    • IndianOil (IOC) will make a payment to Iran for oil soon, the state-run refiner’s chairman RS Butola said on Thursday, after a new mechanism was set up to end a seven-month impasse triggered by US pressure. We will shortly make a small payment ...
  • IndianOil: Barrelling ahead
    New Delhi   04-Aug-2011
    • It is well known that rising crude oil prices hurt the profitability of oil marketing companies. But few know better than R.S. Butola, Chairman and Managing Director of IndianOil or IOC, how a company can minimise this impact and emerge a winner.
  • Govt blames IOC, to file criminal case
    Guwahati   02-Aug-2011
    • The Assam Government has blamed the IndianOil for the kerosene explosions in different parts of the State, particularly in the districts of Dhubri and Bongaigaon. Meanwhile, the volume of kerosene allotted to the State is only around half the requirement, which resulted in black marketing of the item.
  • Assam to sue IOC for kerosene blasts
    New Delhi   04-Aug-2011
    • The Assam government is planning legal action against IndianOil for allegedly supplying a variety of kerosene that caused stove and lantern blasts in which 10 persons died since July 22.
  • Govt blames IOC, to file criminal case
    Guwahati   02-Aug-2011
    • The Assam Government has blamed the IndianOil (IOC) for the kerosene explosions in different parts of the State, particularly in the districts of Dhubri and Bongaigaon. Meanwhile, the volume of kerosene allotted to the State is only around half the requirement, which resulted in black marketing of the item.
  • IndianOil officials win awards
    Guwahati   31-Jul-2011
    • Three officials from IndianOil's Guwahati Refinery - A Longkumer (Instrumentation Manager), DM Surana (Senior Process Engineer) and Mridul Sinha (F&S Officer) - were honoured with awards for their achievements in the 'Best Managers' Competition of North East, organised by Guwahati Management Association, at a function held at Hotel Landmark on Thursday.
  • TOLIC meeting held at Bongaigaon Refinery
    Guwahati   30-Jul-2011
    • The 23rd meeting of the Town Official Language Implementation Committee (TOLIC), Bongaigaon was held at Bongaigaon Refinery recently, according to a press release. Chairman of the TOLIC, Bongaigaon, A Saran, Executive Director, IndianOil - Bongaigaon Refinery presided over the meeting.
  • IOC to automate retail outlets
    New Delhi   02-Aug-2011
    • IndianOil launched a major initiative to automate its retail outlets operations. The initiative is aimed at not only to modernize retails distribution system but also to ensure right quality and quantity at all the stages of distribution.
  • Lady IOC officer found murdered
    Kolkata   30-Jul-2011
    • An IndianOil (IOC) officer in her mid-fifties was found murdered in her Haldia quarters last night with her head partially smashed.
  • Woman officer killed in Haldia IOC quarters
    Kolkata   30-Jul-2011
    • An administrative officer of the hospital at IndianOil’s Haldia refinery was found murdered inside her flat on Thursday night. A sniffer dog brought in after the discovery of the decomposed body led investigators straight to the opposite flat. The neighbour, also an IOC employee, is now being questioned.
  • IndianOil bags South-East CEO Conclave Awards
    Chennai   29-Jul-2011
    • IndianOil has bagged the top award at the 3rd South-East CEO Conclave & Awards 2011 at Chennai on 27th July in the category of Liquid Storage Company of the Year (Bunker). The award is in recognition of the Corporation’s efforts, innovations & excellence in improving product and service offerings as a major player in marine fuels.
  • International bonds (IndianOil): Raises USD 500 million
    New Delhi   29-Jul-2011
    • IndianOil has raised $500 million through international bonds. The deal was finalised through the book building route for which IndianOil received an overwhelming response from investors around the world.
  • IOC raises $500 million despite US debt jitters
    Mumbai   28-Jul-2011
    • IndianOil (IOC) found a window of opportunity early on Tuesday morning to successfully price a $500 million 10-year bond, in spite of weak financial markets. The deal was the company's debut 10-year international bond.
  • Asian Achievers Award-2011
    New Delhi   29-Jul-2011
    • Dr Ajit Pathak, National President of PRSI and DGM (Corp. Communications), IndianOil, received the Asian Achievers Award 2011 for his contribution to Public Relations and Mass Communications. Dr Pathak was later presented the award by IndianOil’s Director (Refineries), B N Bankapur.
  • Appointment (IndianOil)
    New Delhi   29-Jul-2011
    • Suneel Sethi has taken over as Executive Director (Human Resources) at IndianOil's Pipelines Division Head Office, Noida.
  • IOC workshop on CSR
    New Delhi   29-Jul-2011
    • IndianOil held a first-of-its kind 'Workshop on Corporate Social Responsibility' for a comprehensive discussion on the DPE guidelines on CSR and its implementation. The workshop was inaugurated by Suneel Sethi, ED (HR), Pipelines HO.
  • IOC bond draws $2bn bid
    New Delhi   28-Jul-2011
    • In spite of weak financial markets, flagship refiner-marketer IndianOil Corporation’s debut 10-year overseas bond offering of $500 million drew bids worth four times the float size from more than 200 investors.
  • Chennai Petroleum Corp sees jump in sales
    New Delhi   28-Jul-2011
    • Chennai Petroleum Corporation, an arm of IndianOil, has reported a net sales of Rs. 9,895.28 crore for quarter ended June 30, 2011 as against Rs. 6,327.65 crore for the quarter ended on June 30, 2010.
  • International bond issue by IndianOil oversubscribed
    New Delhi   27-Jul-2011
    • IndianOil has raised $500 million through international bonds. The deal was finalised through the book building route for which IndianOil received an overwhelming response from investors across the globe. The issue was oversubscribed by about four times and IndianOil received offers to the tune of about $2 Billion.
  • IOC raises $500m via bonds
    New Delhi   27-Jul-2011
    • IndianOil (IOC) has raised $500 million via dollar bond issue. The issue was over subscribed nearly four times.
  • Dr Ajit Pathak elected to IPRA Governing Body
    Kolkata   24-Jul-2011
    • Dr Ajit Pathak, National President of the Public Relations Society of India (PRSI) and Dy. General Manger [Corporate Communications], IndianOil, has been elected to the International Public Relations Association (IPRA) Governing body.
  • IOC's Pipelines Division gets new ED (HR)
    New Delhi   26-Jul-2011
    • Suneel Sethi has taken over as Executive Director (Human Resources) at IndianOil's Pipeline Division Head Office, Noida. He brings with him a vast experience of more than three decades in Human Resource Development Management and Corporate Affairs.
  • IndianOil Chairman on CSR
    New Delhi   25-Jul-2011
    • “Corporate Social Responsibility in IndianOil is at the very core of our business as a responsible corporate citizen. For over five decades now, it has become an integral part of our philosophy.
  • Russian major enters into LNG deal with IOC
    Bhopal   22-Jul-2011
    • Russias natural gas monopoly ‘Gazprom’ has entered into a mega commercial deal with IndianOil (IOCL) to deliver 2.5 million tonnes of LNG over the next 25 years, according to media reports.
  • IndianOil pioneers launch of multi function domestic pressure regulators
    Mumbai   22-Jul-2011
    • IndianOil pioneered the launch of multi function domestic pressure regulator (MFR) in Navi Mumbai. The event took place at M/s. Atharva Indane, Vashi (IndianOil’s LPG Distributor) in Navi Mumbai. The first MFR was handed over to Sanjiv Ghosh, (the first customer) by S.K. Awasthi,
  • Gazprom in LNG deal with IOC
    New Delhi   22-Jul-2011
    • Russia's natural gas monopoly Gazprom has entered into a mega commercial deal with IOC to deliver 2.5 million tonnes of liquefied natural gas (LNG) over the next 25 years, according to media reports. Under the deal signed in London,
  • IndianOil
    New Delhi   21-Jul-2011
    • KK Jha, Director (Pipelines), IndianOil, inaugurated the Materials Managers’ Conference and released the Materials Manual of Pipelines Division at Pipelines Division HO, Noida. BV Jankiram, ED (Operations), R. Shankar, ED (Finance), VK Khurana, GM (In Charge-Projects), AK Tyagi, GM (Materials) and senior officials participated in the programme.
  • Director (R&D) on Addressing the World's Future Energy Needs
    New Delhi   19-Jul-2011
    • The major challenge is to improve the energy efficiency or reduce the carbon footprint while meeting the energy needs of transport sector and electricity generation. Meeting the energy demand of India and China with exponential economic growth during the past few years has not only put pressure on global energy supply chain but has also led to sharp increases in oil and gas prices.
  • IndianOil pioneers launch of MFR in Navi Mumbai
    Mumbai   18-Jul-2011
    • IndianOil pioneered the launch of mufti function domestic pressure regulator (MFR) in Navi Mumbai. The event took place at M/s. Atharva Indane, Vashi (IndianOil's LPG Distributor) in Navi Mumbai. The first MFR was handed over to Mr Sanjiv Ghosh, (the first customer) by Mr. S.K.Awasthi
  • Material managers meet
    New Delhi   19-Jul-2011
    • K.K. Jha, Director (Pipelines), IndianOil, inaugurated the materials managers’ conference and released the ‘materials manual’ of the pipelines division at its head office in Noida. B.V. Jankiram, ED (Operations); R. Shankar, ED (Finance); V.K. Khurana, GM (In Charge projects); A.K. Tyagi, GM (Materials) and senior officials participated in the programme.
  • Rising in rank
    New Delhi   18-Jul-2011
    • IndianOil has made a steep climb in the Fortune Global 500 ranking. The Indian refining major ranked 125th in the last year’s list but has now moved up to the 98th position. That is remarkable considering the company still has to bear the burden of petroleum subsidy.
  • IOC pioneers launch of MFR
    Mumbai   16-Jul-2011
    • S K Awasthi, Deputy General Manager and In-charge LPG business at Maharashtra & Goa, IndianOil handing over the first 'Multi Function Domestic Pressure Regulator' ( MFR) to a customer Sanjiv Ghosh in the presence of senior officials from IndianOil's Maharashtra State Office & Mumbai Area Office. The MFR has certain unique features, which make it safe, user friendly as well as a boon to LPG users.
  • IndianOil
    New Delhi   15-Jul-2011
    • Dr Ajit Pathak, National President of the Public Relations Society of India and DGM (Corporate Communications), IndianOil, has been elected to the International Public Relations Association Governing body.
  • Dr Ajit Pathak elected to IPRA governing body
    New Delhi   15-Jul-2011
    • Dr Ajit Pathak, National President of the Public Relations Society of India (PRSI) and Dy. General Manger (Corporate Communications), IndianOil, has been elected to the International Public Relations Association (IPRA) Governing body. He will represent Asia & Oceania at the leading international public
  • IOC ranks 98 in Fortune Global 500 listing
    New Delhi   15-Jul-2011
    • IndianOil continued to lead the set of Indian companies in the prestigious Fortune Global 500 listing of the world's largest companies by sales for the year 2011 with an overall ranking of 98. With revenue of $ 68,837 million and profits of $ 1,719 million, IndianOil this year is one of the 100 largest companies across the globe.
  • IndianOil: Attains 98th rank
    New Delhi   15-Jul-2011
    • IndianOil has attained the 98th rank in the top 100 Fortune Global 500 listing of the world’s largest companies by sales for the year 2011. The company improved its overall ranking by 27 from last year’s 125th position.
  • IndianOil bags award
    Mumbai   14-Jul-2011
    • IndianOil has been conferred the Reader's Digest ‘Trusted Brand 2011 Gold Award’ under the Petrol Station category for the fifth year in a row. The award was received on behalf of IndianOil by N Srikumar, ED (Corporate communications & Branding) at a function in Mumbai.
  • Ajit Pathak elected to IPRA board
    New Delhi   14-Jul-2011
    • Dr Ajit Pathak, National President of the Public Relations Society of India (PRSI) and Deputy General Manger, Corporate Communications, Indian Oil Corporation, has been elected to the International Public Relations Association (IPRA) Governing body.
  • IndianOil bags ‘Trusted Brand 2011’ Award
    New Delhi   14-Jul-2011
    • IndianOil has been conferred the coveted Reader's Digest `Trusted Brand 2011' Gold Award under the Petrol Station category for the fifth year in a row. N Srikumar, ED (Corporate Communications & Branding), received the award on behalf of IndianOil.
  • IndianOil bags ' Trusted Brand' award
    Mumbai   13-Jul-2011
    • N Srikumar, ED (Corporate communications & Branding), receiving the coveted Reader's Digest ' Trusted Brand 2011 Gold Award' on behalf of IndianOil at a function organised by the Reader's Digest group at Mumbai. IndianOil has been conferred the award under the Petrol Station category for the fifth year in a row.
  • Eight Indian firms in ‘Fortune’ 500 list
    New Delhi   12-Jul-2011
    • Eight Indian firms have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with IndianOil finding a place in the top 100 and Reliance Industries Ltd (RIL) in 134th spot.
  • 8 Indian cos among Fortune 500
    New Delhi   12-Jul-2011
    • Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with IndianOil finding a place in the top 100 and Reliance Industries in the 134th spot.
  • 8 Indian cos in Fortune 500 global list
    New Delhi   12-Jul-2011
    • Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with IndianOil finding a place in the top 100 and Reliance Industries in the 134th spot.
  • 8 Indian cos on Fortune list
    New Delhi   12-Jul-2011
    • Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with IndianOil finding a place in the top 100 and Reliance Industries in 134th spot.
  • IOC tops eight Indian firms in Fortune 500
    New Delhi   12-Jul-2011
    • Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with IndianOil finding a place in the top 100 and Reliance Industries in 134th spot.
  • OMCs get Rs 7,000 cr to cover Q4 losses
    New Delhi   07-Jul-2011
    • Oil marketing companies (OMCs) have received a cash subsidy of about Rs 7,000 crore to cover losses incurred in the last quarter of 2010-11. These firms will get another Rs 13,000 crore in two tranches on July 12 and July 19.
  • New Executive Director of IOC
    Chennai   01-Jul-2011
    • V.K. Jaychandran on Thursday took over as Executive Director, Tamil Nadu State office of the IndianOil.
  • IndianOil R&D... Forging New Frontiers
    New Delhi   01-Jul-2011
    • Depleting fossil fuels reserves, increasing energy needs and changing environment are the key drivers of innovation in the energy sector today.
  • Golden Peacock Award
    New Delhi   01-Jul-2011
    • Northern Region Pipelines (NRPL) has won the Golden Peacock Award - 2011 for Occupational Health and Safety. K K Jha, Director (Pipelines), IndianOil receives the award from P Chidambaram, Union Minister for Home.
  • Silver jubilee of Assam Oil School of Nursing
    Guwahati   26-Jun-2011
    • Established in June, 1986 as an ancillary institution of the 84 year old prestigious Assam Oil Hospital by the Assam Oil Division of IOC Ltd at Digboi with recognition from the Indian Nursing Council for offering a three and a half year long diploma course in General Nursing and Midwifery (GNM),
  • Ashwani Sharma new ED Panipat Refinery
    New Delhi   29-Jun-2011
    • Ashwani Sharma has taken over as Executive Director of IndianOil Panipat Complex. The Complex is the largest Petroleum and Petrochemical institution of the country which runs Refinery, PX-PTA Plant and it recently commissioned Naphtha Cracker. Sharma is a graduate in Chemical Engineering from Panjab University, Chandigarh.
  • Northern Region Pipelines wins Golden Peacock Award
    Mumbai   28-Jun-2011
    • K. K. Jha, IndianOil's Director (Pipelines) receives the 'Golden Peacock Award 2011' for Occupational Health and Safety won by Northern Region Pipelines Limited (NRPL), from the hands of Union Minister for Home, P. Chidambaram, at an award ceremony held at New Delhi on Friday.
  • IndianOil
    New Delhi   29-Jun-2011
    • K.K. Jha, Director, Northern Region Pipelines of IndianOil receives the Golden Peacock Award – 2011 for occupational health and safety from P. Chidambaram, Union Minister for Home, at an award ceremony in New Delhi.
  • IOC donates ambulance
    New Delhi   28-Jun-2011
    • In discharging its CSR activities, the IndianOil's Northern Regional office donated an ambulance to Bharat Sevasharm Sangha (BSS) under its Community Development Programme.
  • Oil PSUs still to lose Rs. 121,700 cr in FY'12
    New Delhi   26-Jun-2011
    • Despite one of the steepest hike in fuel prices, state-run oil firms will still end the fiscal will a whooping Rs. 121,700 crore revenue loss on selling diesel, domestic LPG and kerosene at government rates.
  • A. Sharma is new executive director of IndianOil Panipat
    New Delhi   24-Jun-2011
    • Ashwani Sharma has taken over as executive director of IndianOil Panipat Complex on June 17, 2011. IndianOil Panipat Complex is the largest Petroleum and Petrochemical institution of the country which runs refinery, PX-PTA plant and recently commissioned Naphtha Cracker.
  • IndianOil donates ambulance
    New Delhi   24-Jun-2011
    • A.K. Girdhar, GM IndianOil (RS) NR handed over the keys of the ambulance to Swami Atmajnanananda, Secretary, Delhi Branch, Bharat Sevasharm Sangha in the presence of J.S. Kaushal,
  • IOC appoints banks for bond sale
    New Delhi   23-Jun-2011
    • IndianOil appointed Citigroup, Royal Bank of Scotland Group and BNP Paribas to manage a $500 million sale of bonds overseas, IndianOil finance director PK Goyal said on Wednesday.
  • IOC holds back advance tax payment in first quarter
    New Delhi   21-Jun-2011
    • A delay in revision of product prices and a staggered and ad hoc subsidy mechanism has prompted IndianOil, the country’s biggest oil marketing and refining company, to hold back its advance tax payment for the ongoing quarter.
  • IOC celebration
    Kolkata   17-Jun-2011
    • Bongaigaon Refinery IndianOil observed World Environment Day with great enthusiasm. A host of activities were carried out to highlight the theme for the year, Forests: Nature at Your Service.
  • Mobile Ambient Air Monitoring Unit of CPCL launched
    New Delhi   14-Jun-2011
    • Chennai Petroleum Corporation Limited (CPCL) launched a mobile ambient air monitoring unit. Minister for Backward Classes and Environment, Government of Tamil Nadu T.K.M, Chinnayya launched the state-of-the art ambient air quality monitoring van.
  • LPG refill through SMS
    New Delhi   14-Jun-2011
    • LPG users of IndianOil, which distributes gas under 'Indane' brand, can now book their refills through Interactive Voice Response System (IVRS) or SMS.
  • LPG booking thru SMS
    New Delhi   14-Jun-2011
    • LPG users of IndianOil, which distributes gas under ‘lndane’ brand, can now book their refills through Interactive Voice Response System (IVRS) or SMS and need not call the ever busy phone number of cooking gas distributors.
  • IndianOil: World Environment Day
    New Delhi   10-Jun-2011
    • IndianOil Director (Refineries) B N Bankapur releases a poster on the occasion of World Environment Day at the Refineries headquarters in New Delhi. B P Baliga, Executive Director (Health, Safety & Environment) and A S Basu, Executive Director (Operations), were also present at the event.
  • Safety training for pump attendants
    New Delhi   10-Jun-2011
    • IndianOil organized a safety workshop for the pump attendants in Kichha, U.S. Nagar, in association with Fire Department, Rudrapur. A team led by N.S. Kunwar, Fire Officer, Rudrapur, conducted the workshop. Hand-on training was imparted at the IOC retail outlet at Kichha
  • IOC plans to get into oil exploration, sets up SPV
    New Delhi   10-Jun-2011
    • IndianOil (IOC) plans to get into exploration by setting up a special purpose vehicle (SPV) for the upstream business. IOC targets more revenue from gas and petrochemical business that will give some comfort from increasing under-recovery on fuel sales.
  • IndianOil Chairman
    New Delhi   10-Jun-2011
    • We must grow into upstream. We have to first build up expertise in the exploration and we are looking at it at present.
  • 'We will be happy if diesel is deregulated': IndianOil Chairman
    New Delhi   10-Jun-2011
    • State-owned IndianOil (IOC) – a Fortune 500 company – dominates the Indian market with a 49.6 per cent market share. The company, however, is not going through the best of times. About a year ago, its expectations were raised with the government deciding to decontrol petrol prices, assuring that diesel would follow.
  • IOC (AOD) organizes ‘Earth Walk’ at Digboi
    Guwahati   04-Jun-2011
    • Synchronizing with the World Environment Day to be observed across the globe on June 5, the Assam Oil Division of the IndianOil (IOC (AOD)), Digboi together with others from the various strata of the society recently conducted an ‘Earth Walk’ in the township at Digboi.
  • Borrowings of OMCs cross Rs 1 lakh cr
    New Delhi   09-Jun-2011
    • The government indecisiveness on petroleum price rise, coupled with late release of cash subsidy, has sent the borrowings of three government-controlled oil marketing companies to an all-time high of around Rs 118,000 crore.
  • IOC may receive remaining Rs. 11,000-crore compensation
    New Delhi   09-Jun-2011
    • State-run IndianOil expects to receive Rs. 11,000 crore remaining cash compensation from the government by June-end for incurring revenue losses on selling diesel, kerosene and cooking gas at controlled rates in 2010-11.
  • Lanka IOC back in black
    New Delhi   08-Jun-2011
    • A combination of diversification into niche markets and right pricing of petrol and diesel has ensured that Lanka IOC, a subsidiary of IndianOil, is back to making profits in the financial year 2010-11. Lanka IOC last made profits in 2007-08.
  • IOC looks for foreign players to develop LNG terminal
    New Delhi   08-Jun-2011
    • Without waiting for assured long-term supply of liquefied natural gas, IndianOil has decided to go ahead with its Ennore Liquefied natural gas (LNG) terminal project. The company has begun discussions with foreign players besides Petronet LNG Ltd (PLL) for jointly developing the Rs 4,500-crore terminal.
  • Airtel tops consumer complaints list
    New Delhi   07-Jun-2011
    • India’s largest mobile service provider Bharti Airtel has earned the dubious distinction of being the company that faces the largest number of consumer complaints, according to the latest government data.
  • IndianOil Director (Finance): Mr. Meticulous
    New Delhi   07-Jun-2011
    • Until a few years back, whenever press conferences of the IndianOil Corporation chairman got over, a person with a smile beneath his spectacles and some files in his hands would help out journalists with figures they always sought — the revenue loss on sale of petroleum products.
  • IndianOil: A green journey
    Mumbai   05-Jun-2011
    • IndianOil, a Maharatna company, is India’s biggest refiner, the nation’s largest commercial enterprise and India’s highest ranked Fortune ‘Global 500’ company. But behind its size, numbers and scale is a little known tale of a corporation taking early steps to build eco-sustainability within its business plans.
  • Obituary: PK Choudhury
    Guwahati   02-Jun-2011
    • Pankaj Kumar Choudhury of Uzanbazar here passed away on June 1, 2011 after protracted illness at Kokilaben Dhirubhai Ambani Hospital, Mumbai. He was 65.
  • He tried to expose oil mafia: family
    New Delhi   05-Jun-2011
    • Days after a young engineer from Jharkhand was found dead at an oil refinery in Haryana, his family members have claimed he was murdered because he tried to blow the lid off an oil mafia.
  • IndianOil gets new ED
    New Delhi   03-Jun-2011
    • Gautam Datta took over as the Executive Director (Regional Services) at Eastern regional office of IndianOil (Marketing division) in Kolkata, West Bengal.
  • IndianOil
    New Delhi   03-Jun-2011
    • Rohit Mohan, Manager-Retail Sales, Dehradun division, presenting a SERVO pack to N.S. Kunwar, Fire Officer, Rudrapur in the presence of Rachit Agarwal, AM-RS, Haldwani, Tarun Kumar, Dy Mgr-RS, Rudrapur and Raj Papneja, IndianOil, Kichha, U.S. Nagar.
  • IndianOil gets ISO certificate
    New Delhi   03-Jun-2011
    • The Information Systems Data Centre of IndianOil’s Pipelines Head Office, Noida, recently received the globally recognised ISO 27001 certificate.
  • IOC implementing new project at Bongaigaon
    Guwahati   31-May-2011
    • Bongaigaon Refinery and Petrochemicals Limited’s (BRPL) MS quality improvement and diesel hydrotreater project is among three new ventures being implemented by IndianOil (IOC) at a cost of over Rs 45,000 crore, Chairman-cum-Managing Director, RS Butola said in New Delhi on May 30, 2011.
  • IndianOil
    Hyderabad   31-May-2011
    • IndianOil Chairman R. S. Butola speaks to media during the announcement of the company’s financial results for 2010-11 in New Delhi on Monday.
  • Clamour for petrol price increase
    Kolkata   31-May-2011
    • State-owned oil firms are considering a hike in petrol prices, just a fortnight after raising them by as much as Rs 5 a litre to bridge losses from selling the fuel below cost.
  • IOC Q4 net down 29 pc
    Mumbai   31-May-2011
    • State-owned IndianOil (IOC) posted 29.7 per cent drop in net profit for the fourth quarter ended March 31 because of rise in losses arising from selling fuel at government controlled rates.
  • IOC Q4 net down 29%
    Mumbai   31-May-2011
    • IndianOil (IOC) on Monday posted 29.7% drop in net profit for the fourth quarter ended March 31 due to rise in losses arising from selling fuel at government-controlled rates.
  • Oil marketing firms’ net suffers on selling fuel below cost
    New Delhi   31-May-2011
    • IndianOil (IOC), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) would have together posted an additional net profit of Rs.5,246 crore for the year ended 31 March had they not absorbed a notional cumulative loss of Rs.6,894 crore on selling fuel below cost.
  • IOC and ONGC Q4 net profit plunges on subsidy load
    New Delhi   31-May-2011
    • Public sector oil giants IndianOil (IOC) and ONGC on Monday both announced a decline in net profit for the fourth quarter ended March 31 as the subsidy burden on kerosene, LPG and diesel, which the two companies share with the government, went up.
  • With 30% lower Q4 profit, IOC mulls Rs 1.35/ltr petrol price hike
    New Delhi   31-May-2011
    • Consumers could brace for another hike in the price of petrol by about Rs 1.35 a litre. State-owned fuel marketer IndianOil (IOC) is weighing the price elasticity of petrol to decide whether to go for another hike to reduce its losses from selling the fuel below cost.
  • Under-recoveries drag IndianOil profit
    New Delhi   31-May-2011
    • Badly hit by the subsidy burden caused by huge under-recoveries in sale of petroleum products, IndianOil (IOC) on Monday posted a 29.7 per cent drop in net profit for the fourth quarter ended March 31, 2011.
  • IOC may raise petrol prices by Rs 1.35/l
    New Delhi   31-May-2011
    • IndianOil (IOC), country's biggest refiner, may raise petrol rates again by Rs 1.35 per litre as the fuel is still being sold below market rates, chairman RS Butola said after announcing that the company's net profit in the last fiscal year fell 27% because of low state-set fuel prices.
  • IOC Q4 net down 29%
    New Delhi   31-May-2011
    • State-owned IndianOil (IOC) on May 30, 2011 posted 29.7 per cent drop in net profit for the fourth quarter ended 31 March because of rise in losses arising from selling fuel at government controlled rates.
  • IOC may hike petrol prices
    New Delhi   31-May-2011
    • State owned IndianOil, the nation’s largest fuel retailer, said on May 30, 2011, it may hike petrol price next month as the steep hike of Rs. 5 per litre of May 15 was not enough to cover for the cost of crude oil.
  • IOC sees 30% drop in net on higher subsidy
    New Delhi   31-May-2011
    • IndianOil (IOC) reported 29.77 per cent dip in its fourth quarter of 2010-11 profit at Rs 3,905.16 crore against Rs 5,556.77 crore in the same period previous year. In the complete financial year 2010-11, IOC's net profit came down to Rs 7,445.48 crore from Rs 10,220.55 crore in the previous year.
  • IOC net dips 30% on subsidised fuel
    New Delhi   31-May-2011
    • Selling auto and cooking fuel at a Government controlled price has led to IndianOil reporting a 30 per cent drop in its net profit for the fourth quarter of FY 2011.
  • Under-recoveries maul IOC Q4 net
    New Delhi   31-May-2011
    • India's largest fuel marketing company IndianOil (IOC) on Monday posted a 29.7% year-on-year decline in net profit at Rs 3,905.2 crore for the fourth quarter ended March against Rs 5,556.8 crore a year ago.
  • IOC seals six petrol pumps in Barak Valley
    Guwahati   24-May-2011
    • The IndianOil (IOC) has sealed six petrol pumps across Barak Valley for adulteration. These petrol pumps include Saradacharan Dey at Lala in Hailakandi district, Tribeni in Silchar, Shymala Das and three others.
  • Lilly likely to be CPCL's new Director-Finance
    New Delhi   26-May-2011
    • Ms D. Lilly, Executive Director-Pricing & Taxation of IndianOil, is tipped to take over as Director-Finance of Chennai Petroleum Corporation Ltd, which is a subsidiary of IndianOil.
  • IOC to automate retail outlets
    Chennai   24-May-2011
    • IndianOil Company will automate its retail outlets in the country to serve its customers with delight, said its Chairman R.S. Butola on Monday.
  • Mr. Butola’s quote
    New Delhi   25-May-2011
    • "Our next journey in retail operations is the automation of our fuel outlets. We have taken up a programme of automation in the outlets selling over 200 kilo litres
  • CPCL posts Rs 511 cr net
    New Delhi   25-May-2011
    • Chennai Petroelum Corporation, a group company of IOC, has reported better performance for the fiscal 2010-11 and has completed slew of projects during the fiscal year.
  • IndianOil looks for third partner
    New Delhi   25-May-2011
    • Public sector IndianOil is scouting for a third partner for the proposed LNG terminal at nearby Ennore with a project cost of Rs 4,320 crore, a top official said in Chennai on May 24.
  • ONGC beat IOC to enter Aga Khan final
    Mumbai   21-May-2011
    • Riding on the brilliance of Akashdeep Singh, who netted a hat-trick, Oil and Natural Gas Corporation (ONGC), Delhi tamed IndianOil 5-2 to sail into the final of the Aga Khan hockey tournament.
  • CPCL logs Rs 511-cr profit; to pay Rs 12/ share
    New Delhi   25-May-2011
    • Chennai Petroleum Corporation Ltd has reported a net profit of Rs 511.52 crore for 2010-11. The board of directors has recommended a dividend of Rs 12 a share (120 per cent).
  • Volatility in LNG halts IOC plans
    New Delhi   25-May-2011
    • PSU oil major IndianOil (IOC) has said it is keen on executing the proposed LNG (liquefied natural gas) terminal project at Ennore near Chennai. But the volatile and abnormal situation in LNG market is holding it back from quick implementation of the same.
  • IOC to automate fuel filling in retail outlets
    New Delhi   25-May-2011
    • PSU major IndianOil is all set to automate fuel filling operations in all its retail outlets in a bid to improve fuel delivery services as well as the perception about its retail outlets. The company has about 19,000 fuel filling retail outlets across the country.
  • Cylinder makers colluded to rig IOC tender, finds CCI probe
    New Delhi   25-May-2011
    • State-run IndianOil (IOC) which seeks billions of dollars every year as oil subsidy, seems to be a victim of not only price controls, but also of unscrupulous elements which systematically rigged competitive bids invited by the fuel retailer.
  • CPCL's net profit declines
    New Delhi   25-May-2011
    • Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, could report a sustained improvement in its performance in the year ended March 31, 2011, with the highest ever crude throughput, record production of motor spirit (petrol) and a significant increase in gross refining margin.
  • IOC opens bulk storage facility for lube base stocks
    New Delhi   24-May-2011
    • Mr R.S. Butola, Chairman, IndianOil, inaugurated a lube oil bulk storage facility on May 23, 2011 at Chennai, built at a cost of Rs 23.36 crore. The terminal will make it easier for the company to supply base stocks to its customers.
  • IOC on Avanashi road picketed
    Coimbatore   19-May-2011
    • Nearly 50 activists of the Democratic Youth Federation of India (DYFI) picketed the office of the IndianOil on Avanashi Road protesting against the hike in petrol prices. Petrol price was hiked by Rs 5 on Saturday night.
  • Haldia Refinery bags PetroFed award
    New Delhi   20-May-2011
    • Haldia Refinery bagged the prestigious PetroFed Oil & Gas Industry Award in the category Project Management (above Rs. 2000 crore) Company of the Year for 2010-11. S Jaipal Reddy, Minister of Petroleum & Natural Gas, Govt. of India
  • IOC advances
    New Delhi   19-May-2011
    • Deepak Thakur's hat-trick helped IndianOil defeat Karnataka XI 4-3 in a quarterfinal match of the DCB Aga Khan hockey tournament at Mumbai on Wednesday.
  • IndianOil sweeps PetroFed Awards
    New Delhi   19-May-2011
    • IndianOil's Panipat and Haldia Refineries have been conferred `Project Management Company of the Year 2010' award by Petroleum Federation of India (PetroFed).
  • Tragedy averted, cylinder fire contained
    Jammu   15-May-2011
    • A possible tragedy was averted with the timely intervention of police and truck crew members of IndianOil in Satwari area on May 14, 2011.
  • IOC puts polypropylene unit back on track
    New Delhi   18-May-2011
    • Having made its entry last year into the polymer business, dominated by competitor Reliance Industries, IndianOil now plans to invest Rs. 4,500 crore in a polypropylene project at its Paradip refinery. RIL is currently the country’s biggest polypropylene maker.
  • IndianOil wins PetroFed Awards
    New Delhi   18-May-2011
    • IndianOil's Panipat and Haldia Refineries have been conferred “Project Management Company of the Year 2010” award by Petroleum Federation of India (PetroFed).
  • IndianOil sweeps PetroFed Awards
    New Delhi   18-May-2011
    • IndianOil's Panipat and Haldia Refineries have been conferred “Project Management Company of the Year 2010” award by Petroleum Federation of India (PetroFed).
  • IOC to hive off upstream business
    Kolkata   16-May-2011
    • With petrol prices up nearly 9% and diesel rates poised to rise, state-run IndianOil is planning to revitalise its upstream business and hive it off into a subsidiary as India’s biggest refiner and fuel retailer turns to its growth strategy after struggling with low state-set fuel prices for months.
  • IndianOil bags Petrofed Awards
    New Delhi   17-May-2011
    • IndianOil's Panipat and Haldia Refineries have been conferred "Project Management Company of the Year 2010" award by the Petroleum Federation of India (PetroFed).
  • Hike diesel, gas prices else we keep borrowing Rs 8k cr a month: Butola
    New Delhi   17-May-2011
    • Soaring crude oil prices and government control on fuel prices have severely strained the finances of state-run oil marketing companies, including IndianOil, or IOC. The company needs a net profit of about Rs 15,000 crore a year to fund its capital expenditure.
  • IOC JV to rope in PE investors, but avoids Rajat Gupta's NSR
    New Delhi   16-May-2011
    • IOT Infrastructure & Energy Services Ltd, a joint venture of IndianOil which is raising Rs 400 crore from private equity (PE) players for expansion, has decided to ignore a bid by New Silk Route (NSR), according to three independent sources in the know.
  • IOC plans to scale up E&P business
    New Delhi   16-May-2011
    • With petrol prices up nearly 9% and diesel rates poised to rise, state-run IndianOil is preparing plans to revitalise its upstream business and hive it off into a subsidiary,
  • IndianOil sweeps PetroFed Awards
    Mumbai   13-May-2011
    • Union Minister of Petroleum & Natural Gas Jaipal Reddy presenting awards to IndianOil teams led by IndianOil Chairman R S Butola, Director ( Refineries) B N Bankapur
  • Accolades for IndianOil
    New Delhi   13-May-2011
    • IndianOil's Panipat and Haldia Refineries have been conferred "Project Management Company of the Year 2010" award by PetroFed.
  • IOC loses petrol, diesel market share
    New Delhi   12-May-2011
    • In an alarming development, state-owned IndianOil (IOC) has lost a sizeable share of the market for diesel and petrol sales to its public sector rivals. The private sector does not have much of a share in the market
  • IOC losing market share to HPCL, BPCL
    New Delhi   12-May-2011
    • Flagship refiner-marketer IndianOil has lost a substantial share of the fuel retail market to the other two state-run players who are stepping on gas with increased focus on quality of fuels and service.
  • Petrofed awards presented
    New Delhi   12-May-2011
    • The PetroFed Oil & Gas Industry Awards 2009 and 2010 for excellence in performance in various categories were presented by the Union Minister of Petroleum & Natural Gas S Jaipal Reddy here on May 10, 2011.
  • IOC - FY11 results on May 30, 2011
    New Delhi   10-May-2011
    • IndianOil has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2011, inter alia, to consider and approve the audited financial results of the Company on standalone basis alongwith annual audited consolidated financial results for the year ended March 31, 2011.
  • IndianOil's Mathura Refinery gets ISO 14064
    Mumbai   09-May-2011
    • In a notable first for an Indian Refinery, IndianOil’s Mathura Refinery has achieved the international benchmark of ISO 14064 - Greenhouse Gases Verification Statement.
  • Goyal takes over as IndianOil Finance Director
    Mumbai   07-May-2011
    • Praveen Kumar Goyal has been elevated to Director (Finance) of IndianOil from Executive Director (International Trade, Information Systems and Optimisation). Goyal has over three decades of experience in IndianOil and has handled the entire gamut of activities in the Finance function.
  • Green refiner
    New Delhi   09-May-2011
    • IOC's Mathura refinery has become the country's first refinery to have a certified mechanism to quantify, report and remove its direct and indirect greenhouse emissions on a regular basis.
  • IndianOil gets new Finance Director
    Guwahati   06-May-2011
    • Praveen Kumar Goyal has taken over as the Director (Finance) of IndianOil. Prior to being included in the Board of Directors, Goyal was Executive Director (International Trade, Information Systems
  • IndianOil new director
    Kolkata   06-May-2011
    • Praveen Kumar Goyal has taken over as director (finance) of IndianOil. Prior to his elevation to the board of directors, he was executive director (international trade, information systems and optimisation) at IndianOil's corporate office.
  • Butola is Petrofed Chairman
    New Delhi   07-May-2011
    • The Governing Council of the 62 member apex hydrocarbon industry association, Petroleum Federation of India unanimously elected IndianOil chairman RS Butola as its chairman on Friday for the term of the existing Governing Council ending in October, 2012.
  • IndianOil achievement
    New Delhi   06-May-2011
    • IndianOil's Mathura refinery has achieved the international benchmark of ISO 14064 Greenhouse Gases Verification Statement. The certification deals with the quantification and reporting of direct and indirect greenhouse gas emissions and removals at the organisational level.
  • IndianOil new director
    Kolkata   05-May-2011
    • Praveen Kumar Goyal has taken over as director (finance) of IndianOil. Prior to his elevation to the board of directors, he was executive director (international trade, information systems and optimisation) at IndianOil's corporate office.
  • New appointment: IndianOil
    New Delhi   06-May-2011
    • Praveen Kumar Goyal has taken over as Director (Finance) of IndianOil. Prior to his elevation to the Board of Directors, he was Executive Director (International Trade, Information Systems and Optimization) at IndianOil's Corporate Office.
  • Goyal named IOC director
    Hyderabad   04-May-2011
    • Praveen Kumar Goyal has taken over as director (finance) of IOC. Prior to his elevation to the board of directors, he was executive director (international trade, information systems and optimisation) at IOC.
  • Mathura Refinery brings laurels to IOC
    New Delhi   05-May-2011
    • In a notable first for an Indian Refinery, IndianOil’s Mathura Refinery has achieved the international benchmark of ISO 14064 - Greenhouse Gases Verification Statement.
  • Mathura refinery gets ISO eco tag
    New Delhi   05-May-2011
    • IndianOil's Mathura refinery has achieved the international benchmark of ISO 14064 – Greenhouse Gases Verification Statement.
  • Life a daily dose of stink
    Chandigarh   03-May-2011
    • The devastating fire at the IOC depot on the outskirts of Jaipur in 2009 is a spectre that residents of two colonies in Jalandhar are reminded of every day as they squeeze past long queues of fuel trucks parked along their only exit.
  • IOC finance director
    New Delhi   04-May-2011
    • Praveen Kumar Goyal has taken over as Director (Finance) of IndianOil, the nation's largest oil firm.
  • Goyal named IOC director
    New Delhi   04-May-2011
    • Praveen Kumar Goyal has taken over as director (finance) of IOC. Prior to his elevation to the board of directors, he was executive director (international trade, information systems and optimisation) at IOC.
  • Chairman, IndianOil addresses the employees of WRPL, Gauridad
    Ahmedabad   29-Apr-2011
    • In an open house session at IndianOil’s WRPL Learning Centre, Chairman R S Butola addressed the employees conveying his vision for the future of IndianOil and addressed the queries of employees on various issues related to the Industry and IndianOil in general.
  • Refining Gujarat’s black gold
    Ahmedabad   28-Apr-2011
    • Gujarat Refinery, IndianOil’s (IOC) largest refinery in the country, is a living example of the close ties India shared with Russia after Independence. Russian and Indian engineers jointly prepared a project report for setting up the refinery in October 1961
  • IOC plans entry into merchant power
    Mumbai   26-Apr-2011
    • State-owned IndianOil (IOC) plans to foray into merchant power business while consolidating his leadership position in fuel retailing and oil refining business, its new Chairman R S Butola said on Monday.
  • Goyal to take charge as new IOC Finance Head
    Mumbai   26-Apr-2011
    • PK Goyal, executive director, corporate finance, IndianOil, is poised to be the new director of finance of the state-run oil company from May 1, 2011, after the retirement of SV Narashimhan at the end of this month.
  • IOC plans new Rs 40k cr plant
    New Delhi   27-Apr-2011
    • India’s largest crude oil refining firm, IndianOil (IOC) is planning an investment of Rs 40,000 crore to set up a world-class greenfield refinery-cum-petrochemical complex on the western coast with a capacity to process 18 to 20 million tonnes of crude oil per annum.
  • IndianOil to augment LNG trading business 4-5 times
    New Delhi   27-Apr-2011
    • Sensing opportunity in the country's falling natural gas output, state-owned refiner IndianOil (IOC) has decided to step up its LNG trading business four to five times in the next few years from the present 2.25 million tonne a year.
  • IOC to set up merchant power plants
    New Delhi   26-Apr-2011
    • As a strategic diversification planned to capture fat margins in power trading, the state-run IndianOil (IOC) is planning to enter the merchant power business, its chairman and managing director RS Butola has said. IOC,
  • IOC may hike petrol prices
    New Delhi   26-Apr-2011
    • State-owned IndianOil (IOC) on Monday hinted at an imminent hike in petrol prices, whose rates have not been revised since January this year. “We would increase the rate at the earliest,” said IOC chairman, Mr Ranbir Singh Butola.
  • IOC eyes merchant power biz
    New Delhi   26-Apr-2011
    • Flagship refiner-marketer IndianOil is betting on merchant power business as a way to generate additional income that would help bridge part of losses on fuel sales.
  • Goyal to be IOC Finance Director
    New Delhi   26-Apr-2011
    • IndianOil's executive director, corporate finance, PK Goyal is poised to be its new director for finance from May 1 after the retirement of SV Narashimhan at the end of this month.
  • Another round of petrol price hike on cards
    New Delhi   26-Apr-2011
    • The public sector oil companies expect the government’s green signal on raising petrol prices to come through as soon as the poll process in the assembly elections of West Bengal, Tamil Nadu, Kerala and Assam draws to a close.
  • IOC mulls foray into merchant power
    New Delhi   26-Apr-2011
    • IndianOil Company, the country’s biggest oil marketer, is exploring a foray into merchant power and setting up a coastal refinery to cater to demand abroad.
  • IOC to enter power biz, expand Panipat refinery
    New Delhi   26-Apr-2011
    • IndianOil (IOC) mulls foray into power trading business. The government-owned enterprise also has plans to expand its refinery at Panipat and may set up another coastal refinery after completion of the Paradeep refinery.
  • IOC may raise petrol prices soon
    New Delhi   26-Apr-2011
    • IndianOil on Monday hinted at an imminent hike in petrol prices, whose rates have not been revised since January in view of elections in states like West Bengal.
  • IndianOil
    New Delhi   26-Apr-2011
    • Our debt was nearly Rs 53,000 cr as on March 31, 2011. We are borrowing Rs 5,000 - 6,000 cr every month. Our aim is to increase foreign currency debt.
  • 'Outstanding Technocrat Award' for IOC director
    New Delhi   26-Apr-2011
    • The Kanara Chamber of Commerce and Industry (KCCI) has conferred the "Best Technocrat Award" to B.N.Bankapur, Director, Refineries. Bankapur was felicitated for his outstanding contribution to the petroleum industry and in particular IOC.
  • This regulator can tell when you will run out of gas
    Ahmedabad   24-Apr-2011
    • For the benefit of domestic LPG users, the IndianOil (IOC) has launched a multi function regulator for domestic LPG cylinders. The regulator has features like child lock mechanism, 100% excess flow shut off, auto leak detection and gas level indicator, for safe use of LPG cylinder.
  • IOC may raise petrol prices soon
    New Delhi   26-Apr-2011
    • State-owned IndianOil, the country’s largest oil firm, on Monday hinted at an imminent hike in petrol prices, whose rates have not been revised since January in view of elections in states like West Bengal.
  • IOC plans to enter thermal power generation, trading
    New Delhi   26-Apr-2011
    • In line with its ambition to turn a complete energy company, India’s largest oil refiner and marketer IndianOil (IOC) is planning a major foray into thermal power generation and power trading.
  • IndianOil plans to raise petrol prices
    New Delhi   26-Apr-2011
    • State-run IndianOil (IOC) plans to raise petrol prices at the “earliest possible opportunity“, its chairman said on Monday, as current Indian petrol prices are based on global prices at $100 a barrel (Rs. 4,450).
  • Indane LPG Bottling Plant conducts mock drill
    Jammu   22-Apr-2011
    • Indane LPG Bottling Plant conducted a mock "Emergency Response Drill" at their LPG Bottling Plant, Bari Brahmana. In the mock drill various Government departments participated.
  • IOC is losing Rs. 297 cr daily
    Mumbai   21-Apr-2011
    • State-owned IndianOil (IOC) is losing Rs 297 crore per day on selling diesel, domestic LPG and kerosene at government-controlled rates, a company official said.
  • IOC plans Durgapur pipeline
    Kolkata   15-Apr-2011
    • State-owned IndianOil proposes to lay a pipeline for LPG from Paradip to Durgapur at a cost of Rs 900 crore to meet the growing demand for cooking gas in the eastern region.
  • SCOPE Meritorious Awards
    New Delhi   15-Apr-2011
    • Pratibha Devisingh Patil, President of India, conferred R.S Butola, Chairman, IndianOil and Sudhir Bhalla, Director (HR) with the SCOPE Meritorious Award 2009-10
  • Award (IndianOil): SCOPE Meritorious Award
    New Delhi   15-Apr-2011
    • RS Butola, Chairman, IndianOil, and Sudhir Bhalla, Director (HR), receive the 'SCOPE Meritorious Award 2009-10 for Best Practices in Human Resource Management' from President Pratibha Devisingh Patil. Praful Patel, Minister of HI & PE, was also present.
  • Petroleum Minister visits IndianOil
    New Delhi   14-Apr-2011
    • S Jaipal Reddy, Union Minister of Petroleum & Natural Gas, visited IndianOil’s Corporate Office and addressed its senior executives in the presence of Petroleum Secretary S Sundareshan;
  • President gives SCOPE awards
    New Delhi   14-Apr-2011
    • President Pratibha Devisingh Patil recently awarded SCOPE Meritorious Awards for 2009-10 to IOC, BHEL and NMDC, among others, for specialising in various fields.
  • A proud moment
    New Delhi   13-Apr-2011
    • Nation's pride: Winners of SCOPE Meritorious Awards with President Pratibha Patil, Union Heavy Industries & Public Enterprises Minister Praful Patel and his deputy A. Sai Prathap in New Delhi on Monday.
  • IndianOil refineries achieve new record
    Mumbai   11-Apr-2011
    • IndianOil Refineries have garnered a new record of crude throughput of 53 Million Metric Tonnes and achieving capacity utilisation of 102 percent, which is better that the world average.
  • ‘Accord high priority to developing human skills'
    New Delhi   12-Apr-2011
    • Central public sector enterprises (CPSEs) “should accord high priority to developing human skills in the area of management and innovation and focus on investing in the next generation of technology and in creating more capacities as well as product development and process improvement,”
  • Union petroleum minister visits IndianOil
    New Delhi   12-Apr-2011
    • S Jaipal Reddy, Union Minister of Petroleum & Natural Gas, visited IndianOil's Corporate Office and addressed its senior executives in the presence of Petroleum Secretary, S Sundareshan, IndianOil Chairman, R S Butola and senior officials from the Ministry of Petroleum and Natural Gas.
  • Guwahati Refinery extends aid to unemployed youths
    Guwahati   05-Apr-2011
    • Twenty two youths of Kuruwa in Darrang district were recently awarded certificates of proficiency in mobile repairing at a meeting presided over by SR Payeng, Deputy Director, Micro, Small & Medium Enterprises (MSME) Development Institute, Guwahati, in presence of MSME authorities, Guwahati Refinery personnel, members of NGO Clean Care Society and general public.
  • IOC events
    Kolkata   07-Apr-2011
    • SC Das, CMD of Assam Power Distribution Co. Ltd (APDCL) and S Ghosh, ED, AOD inked an agreement, recently, for sale and purchase of 5 MW of surplus electrical power from Digboi Refinery to the Digboi sub station of APDCL
  • A Panda joins as new Executive Director of IOCL
    Guwahati   03-Apr-2011
    • A Panda has joined as the new Executive Director of IndianOil (IOCL) (Assam Oil Division). Panda took over the charge from S Ghosh who superannuated on March 31.
  • IndianOil
    New Delhi   07-Apr-2011
    • The Pipelines Division of IndianOil assisted in restoration of vision of 400 rural people through ICARE Charitable Eye Hospital, Noida. A.K. Rauniar, Executive Director (HR), S. Mukherjee, General Manager (A&W/CC) and senior officials of IndianOil present at a function held in Noida.
  • IOCL refineries register record performance
    New Delhi   07-Apr-2011
    • IndianOil Refineries have garnered a new record of crude throughput of 53 Million Metric Tonnes and achieving capacity utilisation of 102 percent which is better that the world average.
  • IndianOil
    New Delhi   05-Apr-2011
    • The Pipelines Division of IndianOil assisted in restoration of vision of 400 rural people through ICARE Charitable Eye Hospital, Noida. A.K. Rauniar, Executive Director (HR), S. Mukherjee, General Manager (A&W/CC) and senior officials of IndianOil present at a function held in Noida.
  • New ED
    Guwahati   02-Apr-2011
    • Ambaris Panda assumed charge as the new Executive Director (ED) of IOC (AOD) at Digboi. He succeeds S Ghosh, who retired from service on Thursday. An M. Tech from IIT Kharagpur, Panda has served all IOC refineries in India in different capacities.
  • IOC registers record crude oil processing
    New Delhi   05-Apr-2011
    • IndianOil refineries have garnered a new record of crude throughput of 53 million metric tonnes and achieving capacity utilization of 102 percent which is better than the world average.
  • IndianOil's HR Conclave-2011
    Mumbai   04-Apr-2011
    • K.K. Jha, Director (Pipelines), IndianOil inaugurated the HR Conclave-2011 at Pipelines Division, Noida in the presence of Sudhir Bhalla, Director (HR), A.K Rauniar, Executive Director (HR),
  • IndianOil new ED
    Kolkata   01-Apr-2011
    • Subhankar Ganguli has taken over as the executive director of Haldia Refinery, IndianOil's flagship refinery in eastern India. Prior to taking over as executive director of Haldia Refinery,
  • IOCL gets interim relief from coercive action by NMC
    Nagpur   31-Mar-2011
    • The Nagpur Bench of the Bombay High Court issued notice to respondents - City Municipal Commissioner, Nagpur and the State urban Development Secretary, Mumbai – to show cause in two weeks as to why a petition filed by IndianOil challenging Octroi rules be not entertained.
  • IOC to shut kerosene unit from mid-April
    New Delhi   01-Apr-2011
    • IndianOil plans to shut a kerosene unit at its Haldia refinery for maintenance from mid-April, a company source said here, prompting the firm to float a rare jet fuel tender. The firm plans to shut the kerosene hydro-desulphurisation unit at its 150,000 barrels per day coastal plant for a month from mid-April, the source said on condition of anonymity.
  • New ED at Haldia Refinery
    New Delhi   01-Apr-2011
    • Subhankar Ganguli has taken over as the Executive Director of Haldia Refinery, IndianOil’s flagship Refinery in eastern India. Prior to taking over as Executive Director of Haldia Refinery, he served as General Manager (Technical Services) at Haldia Refinery.
  • Tension at IndianOil refinery project site
    Kolkata/Bhubaneswar   31-Mar-2011
    • Tension prevailed at the site of the oil refinery project of IndianOil (IOCL) in Paradip as labourers clashed with the CISF (Central Industrial Security Force) personnel.
  • IndianOil organises HR Conclave
    New Delhi   31-Mar-2011
    • KK Jha, Director (Pipelines), IndianOil inaugurated the HR Conclave-2011 at Pipelines Division, Noida.
  • IOC refinery
    Kolkata   29-Mar-2011
    • S. Ganguli has taken over as the executive director of IOC’s Haldia refinery.
  • IndianOil organises conclave
    New Delhi   29-Mar-2011
    • K.K. Jha, Director (Pipelines), IndianOil inaugurated the HR Conclave-2011 at Pipelines Division, Noida in the presence of Sudhir Bhalla, Director (HR), A.K. Rauniar, Executive Director (HR), IndianOil and P. Senthil Kumar, Director (HR& Admn) Cain India.
  • IOC organizes HR Conclave
    New Delhi   29-Mar-2011
    • K.K. Jha, Director (Pipelines), IndianOil, inaugurated the HR Conclave-2011 at Pipelines Division, Noida, in the presence of Sudhir Bhalla
  • In the limelight
    New Delhi   28-Mar-2011
    • RS Butola has come a long way from being managing director of OVL, a subsidiary of ONGC, to chairman of IndianOil, India's largest refining and marketing company.
  • Stock watch: IndianOil
    New Delhi   28-Mar-2011
    • <b>Business & background:</b> The government-owned IndianOil is the largest refining and oil marketing company in India.
  • IndianOil new head
    Kolkata   25-Mar-2011
    • Pranab Kumar Das took over as the head of IndianOil in Orissa on March 21. Das, a mechanical engineer, has served IndianOil for 27 years since he joined IndianOil in 1984 as officer in Haldia Installation.
  • New IndianOil chief in Orissa takes charge
    Chennai   25-Mar-2011
    • Pranab Kumar Das took over as the head of IndianOil in Orissa on March 21. Das, a mechanical engineer, has served IndianOil for 27 years since he joined IndianOil in 1984 as officer in Haldia Installation.
  • Assam Oil on verge of losing unique identity
    Guwahati   24-Mar-2011
    • After its merger with IndianOil (IOC), Assam Oil Company had lost its earlier status and today it is on the verge of losing its unique identity which can be traced back to the late nineteenth century when oil was discovered on the banks of the Dehing river in 1867.
  • Fernas to complete IOCL pipeline work by July 2012
    Bhubaneswar   25-Mar-2011
    • The Indian subsidiary of Turkey-based Fernas Construction Company Inc has bagged a Rs.300 crore pipeline project crore from the IndianOil (IOCL) in Orissa and hopes to complete it by July 2012, company officials said Friday.
  • New head of IndianOil in Orissa
    New Delhi   25-Mar-2011
    • Pranab Kumar Das took over as the head of IndianOil in Orissa. A Mechanical Engineer, he has served IndianOil for 27 years since he joined IndianOil in 1984 as officer in Haldia Installation.
  • New head for IndianOil in Orissa
    New Delhi   25-Mar-2011
    • Mr Pranab Kumar Das has taken over as head of IndianOil in Orissa, according to a company release. Prior to this, Mr Das was Deputy General Manager (Supply & Distribution), IndianOil Marketing, Mumbai. He joined IndianOil in 1984 as an officer in the company's Haldia installation in Bengal, the release added.
  • Mr. Sinha's appointment
    New Delhi   25-Mar-2011
    • A.M.K. Sinha has joined the board of IndianOil (IOC), as director (planning and business development).
  • Libyan crisis to affect crude prices globally
    New Delhi   24-Mar-2011
    • B.N. Bankapur, director, refineries, at IndianOil (IOC), in an interview spoke on the Libyan situation and its impact on oil marketing companies. Edited excerpts:
  • A.M.K Sinha takes over as IndianOil’s Director
    Mumbai   23-Mar-2011
    • AMK Sinha has joined the board of IndianOil as Director (Planning & Business Development).Earlier, Sinha was Executive Director (Corporate Planning & Economic Studies) at IndianOil’s Corporate Office and laid the strategic framework for IndianOil’s foray into alternative energy.
  • New Director
    Guwahati   22-Mar-2011
    • AMK Sinha has joined the Board of IndianOil as Director (Planning & Business Development).
  • Indian refiners delay shutdowns
    New Delhi   22-Mar-2011
    • Indian state refiners have dropped shutdown plans for April in a sign of the widening impact of Japan's crisis on global oil markets, and calls for Reliance to be allowed to sell domestically from its export-focused plant revive.
  • IOC, HPCL, BPCL defer refinery shutdown
    New Delhi   21-Mar-2011
    • Three leading oil companies IndianOil (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) have deferred from shutting down some of their refineries to meet local fuel demand.
  • IOC losing Rs. 238 cr a day on fuel sales
    Mumbai   18-Mar-2011
    • State-owned IndianOil (IOC) is losing Rs. 238 crore per day on selling diesel, domestic LPG and kerosene at government-controlled rates. "We are losing Rs. 156 crore per day only on diesel sales," a company official said on Thursday, requesting anonymity.
  • Industry level workshop held at WRPL Rajkot
    Ahmedabad   18-Mar-2011
    • The Pipeline Division of IndianOil in coordination with WRPL recently hosted an industry level workshop on "Preparedness & Emergency Repairs of Hydrocarbon Pipelines" at Rajkot
  • IndianOil new officials
    Kolkata   18-Mar-2011
    • AMK Sinha has joined the board of IndianOil as director (planning & business development). Prior to his elevation as director (P&BD), Sinha was executive director (corporate planning & economic studies) at IndianOil’s corporate office and laid the strategic framework for IndianOil’s foray into alternative energy.
  • Remembering Manjunath
    New Delhi   21-Mar-2011
    • Six years ago, Manjunath Shanmugam, an IndianOil official, was killed by the oil adulteration mafia while trying to seal an illicit gas station in Lakhimpur Kheri in Uttar Pradesh. The incident sent shock waves through the public and the civic administration
  • New Director on Board
    Mumbai   18-Mar-2011
    • A.M.K Sinha has joined the Board of IndianOil as Director (Planning & Business Development). Prior to his elevation as Director (P&BD), Sinha was ED (Corporate Planning & Economic Studies) at IndianOil’s Corporate Office.
  • IndianOil’s new official
    Kolkata   18-Mar-2011
    • AMK Sinha has joined the board of IndianOil as director (planning & business development). Prior to his elevation as director (P&BD), Sinha was executive director (corporate planning & economic studies) at IndianOil’s corporate office and laid the strategic framework for IndianOil’s foray into alternative energy.
  • McDonald's signs deal with IOC to expand reach
    New Delhi   18-Mar-2011
    • McDonald's India on Thursday said it has joined hands with the IndianOil (IOC) to increase its presence in petrol stations in the western and the southern regions and aims to more than double its sales from these areas by 2014.
  • Honour for GM
    New Delhi   18-Mar-2011
    • D K Choudhury, General Manager, Paradip Refinery Project, IndianOil, being honoured by Pyarimohan Mohapatra at MSME International Trade Fair organised by NSIC at the Bhubaneswar Exhibition Ground.
  • IOC appointments
    New Delhi   18-Mar-2011
    • Mr. Indrajit Bose has taken over as head of IndianOil in West Bengal and Mr. Paritosh Dey has taken over as head of IndianOil in the North-East.
  • SCOPE declares Meritorious Awards for 2009-10
    New Delhi   18-Mar-2011
    • SCOPE on Thursday announced meritorious awards 2009-10 to SAIL, IOC, BHEL, HPCL for specialising in various fields. SCOPE Award for environmental excellence and sustainable Development was declared for SAIL, in the category of corporate governance BHEL and HPCL was adjudged for corporate social responsibility.
  • MoU (IndianOil)
    New Delhi   18-Mar-2011
    • IndianOil Chairman R S Butola and Ministry of Petroleum and Natural Gas Secretary S Sundareshan sign an annual MoU for the year 2011-12.
  • IndianOil signs annual MoU with Government of India
    New Delhi   18-Mar-2011
    • IndianOil (IOC) has signed the annual MoU with the Government of India for the year 2011-12. The document was signed by S. Sundareshan, Secretary, Ministry of Petroleum and Natural Gas, and R.S. Butola, Chairman, IOC.
  • AMK Sinha joins IOC as Director
    New Delhi   18-Mar-2011
    • AMK Sinha has joined the Board of IndianOil as Director (Planning & Business Development). Prior to this, Sinha was Executive Director (Corporate Planning & Economic Studies) at IndianOil's Corporate Office and laid the strategic framework for IndianOil's foray into alternative energy.
  • IOC appoints AMK Sinha as Director
    New Delhi   17-Mar-2011
    • AMK Sinha has joined the Board of IndianOil as Director (Planning & Business Development). Prior to his elevation as Director (P&BD), he was Executive Director (Corporate Planning & Economic Studies) at IndianOil's Corporate Office and laid the strategic framework for IndianOil's foray into alternative energy.
  • IndianOil signs annual MoU with Government
    New Delhi   17-Mar-2011
    • IndianOil has signed the annual MoU with the Government of India for the year 2011-12. The MoU document was signed by S Sundareshan, Secretary, Ministry of Petroleum and Natural Gas, and RS Butola, Chairman, IndianOil.
  • IOC to shut units at Panipat for repairs
    New Delhi   17-Mar-2011
    • State-run IndianOil (IOC) plans to shut for repairs some of its secondary units and a naphtha cracker plant at northern Panipat refinery in the next fiscal, a source said on Tuesday.
  • Indane refill booking in Delhi
    New Delhi   17-Mar-2011
    • Indane gas refill bookings in Delhi will now be made only through the new automated unified system. The system, in force from March 15 midnight, is designed to make refill booking faster, simpler and more efficient,
  • IOC makes booking for LPG refills easier
    New Delhi   16-Mar-2011
    • IndianOil has launched a newly enhanced Automated Unified System (AUS) of refill booking for the convenience of Indane LPG cooking gas customers in Delhi.
  • RS Butola takes over as Chairman, IndianOil
    Mumbai   14-Mar-2011
    • Mr. R.S.Butola has taken over as Chairman of IndianOil, India's flagship Oil & Gas major. Before joining IndianOil, Mr. Butola was the MD of ONGC Videsh Ltd. (OVL).
  • IOC inks research pact with govt
    New Delhi   15-Mar-2011
    • IndianOil has signed a memorandum of understanding with the government on sustainable development, corporate governance and research & development
  • IndianOil signs annual MoU with Government
    New Delhi   15-Mar-2011
    • IndianOil has signed the annual MoU with the Government for the year 2011-12. The MoU document was signed on Monday by S Sundareshan, Secretary, Ministry of Petroleum and Natural Gas, and RS Butola.
  • IndianOil gets new chairman
    Kolkata   11-Mar-2011
    • RS Butola has taken over as chairman of IndianOil. Before joining IndianOil, Butola was the MD of ONGC Videsh Ltd (OVL). Under his stewardship, OVL built a formidable E&P portfolio comprising both discovered and producing assets in over 15 countries.
  • Common booking helpline from Indane soon
    Chennai   10-Mar-2011
    • Households in Chennai using the Indane brand cooking gas will soon get a common booking number – 8124024365 – to place orders with their distributors for refill cylinders.
  • International Women's Day at Gujarat Refinery
    Ahmedabad   11-Mar-2011
    • IndianOil's Gujarat Refinery celebrated IWD-2011 with a special talk delivered by eminent women of Vadodara city and a fire and safety training programme for women workforce.
  • Event (IndianOil): Open Bridge Tournament
    New Delhi   11-Mar-2011
    • An Open Bridge Tournament was recently organised by the Pipelines Division Head office, Noida. Director (Pipelines) K K Jha, ED (HR) A K Rauniar, DGM (Project-Civil) U K Pal and others were present at the event.
  • IndianOil organises Gold Circle Meet at Almora
    New Delhi   11-Mar-2011
    • IndianOil Gold Circle Meet was organised in Almora to share and discuss the business scenario and strategy with the dealers who are members of the elite group IndianOil Gold Circle Panel.
  • IOC Gold Circle Meet
    New Delhi   11-Mar-2011
    • IndianOil Gold Circle Meet was organized in Almora to share and discuss the business scenario and strategy with the dealers who are members of the elite group - IndianOil Gold Circle Panel.
  • IndianOil gets new chairman
    Kolkata   10-Mar-2011
    • RS Butola has taken over as chairman of IndianOil. Before joining IndianOil, Butola was the MD of ONGC Videsh Ltd (OVL). Under his stewardship, OVL built a formidable E&P portfolio comprising both discovered and producing assets in over 15 countries.
  • IOC chairman
    Kolkata   05-Mar-2011
    • R.S. Butola has taken over as the chairman of IndianOil. Before joining IOC, Butola was the managing director of ONGC Videsh Ltd.
  • IndianOil Chairman at Refineries HQs
    New Delhi   04-Mar-2011
    • RS Butola, who took over as Chairman of IndianOil, recently visited Refineries Headquarters to interact with the IndianOil employees.
  • Chairman (IndianOil)
    New Delhi   04-Mar-2011
    • R S Butola has taken over as Chairman of IndianOil. Before joining IndianOil, Butola was MD of ONGC Videsh Ltd. (OVL).
  • New appointments
    New Delhi   04-Mar-2011
    • R.S. Butola has taken over as Chairman of IndianOil. Before joining IndianOil, Butola was the MD of ONGC Videsh Ltd. (OVL).
  • SAIL, IOC among 25 PSUs not in line with Sebi norms
    New Delhi   02-Mar-2011
    • As many as 25 PSUs, including blue-chip companies like IndianOil, SAIL, ONGC and Bhel, are not compliant with market regulator Sebi’s norms on the representation of independent directors on their boards, Parliament was informed on Tuesday.
  • Losing Rs 200 crore a day, IOC says there is need to raise petrol prices
    New Delhi   02-Mar-2011
    • IndianOil on Tuesday said there was a need to raise petrol prices. But a decision on raising the price of petrol, on which retailers have pricing freedom, is yet to be taken. The oil marketing company said it was losing more than Rs 200 crore a day on selling cooking gas and auto fuel below cost.
  • IOC gets new boss; GAIL, ONGC key execs
    New Delhi   02-Mar-2011
    • After a year under caretaker heads, IndianOil got a full-time boss. OVL MD Ranbir Singh Butola took over the reins of India's biggest oil refiner-marketer on Monday.
  • Butola take over as IOC chief
    Mumbai   01-Mar-2011
    • R S Butola has taken over as the Chairman of IndianOil. Earlier, Butola was the CMD of ONGC Videsh Ltd. Under his leadership, OVL built a formidable E& P portfolio comprising both discovered and producing assets in over 15 countries.
  • RS Butola takes over as Chairman of IOC
    New Delhi   02-Mar-2011
    • RS Butola has taken over as Chairman of IOC. He was MD of OVL prior to this post. In a career spanning about three decades out of which two decades is in the hydrocarbon industry
  • R.S. Butola is new IOC Chairman
    New Delhi   02-Mar-2011
    • Mr R.S. Butola has taken over as the new Chairman of IndianOil. Mr Butola was previously the Managing Director of ONGC Videsh Ltd and during his tenure, the company set up an exploration and production portfolio with assets in over 15 countries.
  • RS Butola takes over as Chairman, IndianOil
    New Delhi   02-Mar-2011
    • Mr. R.S.Butola has taken over as Chairman of IndianOil, India’s flagship oil & gas major. Before joining IndianOil, Mr. Butola was the MD of ONGC Videsh Ltd. (OVL).
  • IndianOil's Ennore project gets state nod
    Chennai   27-Feb-2011
    • State-owned IndianOil's proposal to set up a 5 million tonne liquefied natural gas (LNG) terminal at Ennore received go-ahead from the Tamil Nadu government.
  • Butola takes over as IndianOil head
    New Delhi   01-Mar-2011
    • R.S. Butola, former managing director of ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural gas Corp., took over as the chairman of IndianOil (IOC), India's largest oil refining and marketing company, on Monday.
  • Policy victim
    New Delhi   28-Feb-2011
    • IndianOil seems to be at the receiving end of the government's policy ad hocism.
  • Butola gets approval to head IOC
    New Delhi   22-Feb-2011
    • Ending weeks of uncertainty, oil minister S Jaipal Reddy has cleared the appointment of ONGC Videsh's managing director Ranbir Singh Butola as the chairman of IndianOil (IOC).
  • IOC's Naphtha plant at Panipat
    New Delhi   21-Feb-2011
    • India's largest naphtha cracker plant at IndianOil's (IOC's) Panipat complex was dedicated to the nation by petroleum and natural gas minister S Jaipal Reddy. The cracker complex will provide impetus to IOC's foray into petrochemicals.
  • IOC to upgrade Haldia unit
    Kolkata   18-Feb-2011
    • IndianOil (IOC) is set to pump in Rs 4,000 crore to upgrade its refinery in Haldia.
  • IndianOil's Naphtha cracker plant inaugurated
    New Delhi   18-Feb-2011
    • Union Minister of Petroleum and Natural Gas S Jaipal Reddy dedicates to the nation India's largest naphtha cracker plant at IndianOil's Panipat Complex in presence of Haryana CM Bhupinder Singh Hooda
  • IOC losing Rs 237 cr a day
    New Delhi   18-Feb-2011
    • IndianOil (IOC) is losing a record Rs 237 crore per day on selling auto and cooking fuel below cost as government continues to bar it from raising rates in line with spurt in raw material cost.
  • APDCL to buy power from Digboi Refinery
    Guwahati   16-Feb-2011
    • SC Das, CMD of Assam Power Distribution Co Ltd (APDCL) and S Ghosh, ED, AOD inked a significant agreement for sale and purchase of 5 MW of surplus electrical power from Digboi Refinery to the Digboi substation of APDCL
  • Nation's largest Naptha cracker plant dedicated
    New Delhi   18-Feb-2011
    • India's largest Naphtha Cracker plant at IndianOil's Panipat complex was dedicated to the nation by S. Jaipal Reddy, Union Minister of Petroleum and Natural Gas, in the presence of Bhupinder Singh Hooda, Chief Minister of Haryana; Kumari Selja, Union Minister of Housing and Urban Poverty Alleviation and Culture; R.P.N. Singh, Minister of State
  • Oilcos Losing Rs. 430 cr per day on Subsidised Fuel
    New Delhi   18-Feb-2011
    • State-owned IndianOil (IOC) is losing a record Rs. 237 crore per day on selling auto and cooking fuel below cost as government continues to bar it from raising rates in line with spurt in raw material cost.
  • IOC Chairman Seeks Complete Duty Roll-Back
    New Delhi   18-Feb-2011
    • IOC on sought a full rollback of duty on crude to keep petroleum prices under check. Asked about his expectations from the Union Budget for 2011-12, IOC chairman S V Narasimhan said he was looking forward to a duty rationalisation on crude.
  • IOC borrowings up Rs 5,000 cr this quarter
    New Delhi   18-Feb-2011
    • The current uptrend in crude prices and the yawning under-recovery in diesel, LPG and kerosene, have pushed the borrowings of IndianOil by Rs 5,000 crore so far in this quarter.
  • State-run oil marketing companies hold prices
    New Delhi   18-Feb-2011
    • State-owned oil marketing companies (OMCs) such as IndianOil (IOC) aren’t immediately raising prices of petroleum products, despite expanding losses, in the expectation that the Union government will announce tax cuts in the coming budget.
  • TOLIC meeting held at Bongaigaon Refinery
    Guwahati   13-Feb-2011
    • The 22nd meeting of the Town Official Language Implementation Committee (TOLIC), Bongaigaon was held at the IOCL, Bongaigaon Refinery recently.
  • Auto fuel prices hike not now, says Jaipal Reddy
    New Delhi   16-Feb-2011
    • Customers of auto fuels can get some respite, with the fuel prices likely to remain at the same levels for the moment. The Petroleum Minister, Mr S. Jaipal Reddy, said on Tuesday, “Since prices are going up we can't decrease petrol prices. But we are also not going to increase price of any commodity at the moment.”
  • Naphtha cracker plant at IOC’s complex inaugurated
    New Delhi   16-Feb-2011
    • Customers of auto fuels can get some respite, with the fuel prices likely to remain at the same levels for the moment. The Petroleum Minister, Mr S. Jaipal Reddy, said on Tuesday, “Since prices are going up we can't decrease petrol prices. But we are also not going to increase price of any commodity at the moment.”
  • Jet fuel prices hiked by massive 4%
    New Delhi   16-Feb-2011
    • State-run oil firms on Tuesday raised jet fuel price by a massive 4%, the ninth straight increase in rates since October.
  • IOC share sale delayed to next fiscal
    New Delhi   16-Feb-2011
    • A share sale in state-run refiner IndianOil (IOC) is likely in the next fiscal year, the country's Oil Secretary S Sundareshan said, a delay of at least a few months from an earlier slated January launch on unfavourable market conditions.
  • Panipat naphtha cracker inaugurated
    New Delhi   16-Feb-2011
    • Petroleum and natural gas minister S Jaipal Reddy on Tuesday dedicated to the nation the Rs 14,000-crore naphtha cracker plant at Panipat.
  • Oil firms look for higher provision in Budget 2011- 12
    New Delhi   14-Feb-2011
    • Struggling under mounting losses and subsidy bills, the public sector oil companies want the finance minister to make a realistic provision in the Budget for subsidies on petroleum products so that the government’s share of the compensation comes through in time for preparing their financial results.
  • Ajay, Aditi win PSPB titles
    Pune   12-Feb-2011
    • Ajay Jairam of IndianOil and national champion Aditi Mutatkar of Bharat Petroleum Corporation Ltd (BPCL) emerged as winners in the men’s and women’s singles respectively in the PSPB badminton championship at PYC Hindu Gymkhana on Friday.
  • IOOA meets Petroleum Minister
    New Delhi   11-Feb-2011
    • A five member delegation of Indian Oil Officer's Association (IOOA) led by its President Mukul Kumar met Jaipal Reddy, Minister of Petroleum and Natural Gas, to greet him on assuming charge of Petroleum Ministry.
  • Govt gives nod to PFC’s FPO, says no to IOC
    New Delhi   11-Feb-2011
    • The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the follow- on public offering (FPO) of the Power Finance Corp (PFC), which is expected to raise around Rs. 5,732 crore at the current market price of the stock. However, IndianOil’s (IOC) FPO has been put on hold.
  • IOC puts overseas, FPO plans on hold
    New Delhi   11-Feb-2011
    • IndianOil (IOC) has put its overseas investment plans in refining and marketing of petroleum products on hold after suffering a decline in net profit for the nine months ended December.
  • IOC profit jumps over two-fold to Rs 1,634 cr
    New Delhi   11-Feb-2011
    • IndianOil on Thursday reported a two-fold jump in net profit at Rs 1,634 crore for the quarter ended December 31. Net profit was up 134.7 per cent to Rs 1,634.76 crore from Rs 696.59 crore in the same period a year ago.
  • Refining margins push IOC net profit by 135%
    New Delhi   11-Feb-2011
    • State-owned IndianOil (IOC) on Thursday reported a 135% jump in net profit in the December quarter of this financial year to Rs 1,635 crore, mainly due to higher refining margins and the absence of any mark to market losses from financial instruments.
  • IOC records over two-fold jump in Q3 profit
    New Delhi   11-Feb-2011
    • IndianOil (IOC) has reported a more than two-fold jump in its net profit to Rs 1,634.76 crore for the third quarter of the current fiscal against Rs 696.59 crore in the corresponding quarter last fiscal.
  • Lanka IOC hikes diesel prices
    New Delhi   09-Feb-2011
    • After its series of appeals and requests to the Sri Lankan Government went unheeded, Lanka IOC (LIOC), an overseas venture of the IndianOil, unilaterally raised diesel prices over the past weekend by LKR 5 per litre. The only other retailer, Ceylon Petroleum Corporation, has not revised prices so far.
  • S. V. Narasimhan conferred with CFO Award by ICAI
    New Delhi   07-Feb-2011
    • S V Narasimhan, Director (Finance), IndianOil, has been conferred with the Corporate CA Achiever – CFO (Public Sector category) award by the prestigious Institute of Chartered Accountants of India.
  • IOC Q3 results
    New Delhi   07-Feb-2011
    • State-run IndianOil will announce its Q3 results on Thursday. IOC had deferred announcing results on January 25 in the hope of getting a compensation package from the Centre for losses incurred on diesel.
  • Safety award for Haldia refinery
    New Delhi   05-Feb-2011
    • Haldia refinery of IndianOil has been conferred with the ‘Golden Peacock Award for Occupational Health & Safety’ for the year 2010 in recognition of its performance in the field of occupational health and safety, according to a company release issued on Wednesday.
  • IOC plans $5 billion refinery in Turkey
    Mumbai   05-Feb-2011
    • IndianOil (IOC) is interested in building a $5 billion refinery in Turkey and is currently carrying out feasibility work on the project, minister of state for trade Jyotiraditya Scindia said on Friday.
  • IOC head rules out petrol price rise
    New Delhi   04-Feb-2011
    • State-run IndianOil (IOC) has no current plans to raise petrol prices again, Chairman S.V. Narasimhan said on Wednesday, even though global crude prices are hovering near 28-month highs.
  • New Ad-hoc chairman at IOC
    New Delhi   04-Feb-2011
    • Subsequent to the superannuation of B.M. Bansal, Chairman of IndianOil, S.V. Narasimhan, Director (Finance), IndianOil, has been entrusted with the company's additional charge of the post of Chairman, on ad-hoc basis for a period of three months.
  • S. V. Narasimhan conferred with CFO Award by ICAI
    New Delhi   04-Feb-2011
    • S.V. Narasimhan, Director (Finance), IndianOil, has been conferred with the Corporate CA Achiever CFO (Public Sector category) award by the prestigious Institute of Chartered Accountants of India.
  • Reliance beats IOC bonds as govt fights inflation
    New Delhi   03-Feb-2011
    • Reliance Industries is providing bondholders with bigger returns than state-controlled IndianOil as the government fights the fastest inflation rate in at least six years.
  • IOC loses Rs 189 cr a day due to under-recoveries
    New Delhi   03-Feb-2011
    • Government-owned IndianOil (IOC) on Wednesday said it is losing Rs 189 crore per day on selling auto and cooking fuel below cost as global crude oil prices shot up to $102 per barrel.
  • Govt appoints Narasimhan as interim head of IOC
    New Delhi   01-Feb-2011
    • The Government on Monday named SV Narasimhan as interim head of IndianOil (IOC).The interim appointments have been made as Oil Minister S Jaipal Reddy is yet to approve files pertaining to the appointment of fulltime chairmen of the two companies.
  • Govt to pay Rs 8k-cr subsidy to oil firms
    New Delhi   01-Feb-2011
    • The government has decided to pay Rs 8,000 crore to state-run fuel retailers to compensate them for selling diesel, cooking gas and kerosene below market rates.
  • IndianOil Director (Finance) conferred with CFO Award by ICAI
    New Delhi   01-Feb-2011
    • IndianOil Director (Finance) SV Narasimhan has been conferred with the Corporate CA Achiever - CFO (Public Sector category) award by the prestigious Institute of Chartered Accountants of India. Narasimhan receive the award from ICAI President Amarjit Chopra during the Corporate Conclave and ICAI Awards 2010.
  • Govt dilly-dally leads to substitute chiefs at ONGC, IOC
    Mumbai   31-Jan-2011
    • India's most profitable company, ONGC, will function without a full-time chairman from Tuesday, while the top-ranker in turnover, IndianOil is bracing for its second successive make-shift chief executive as political changes along with allegations of corruption and forgery have dogged top appointments of state energy firms for months.
  • ONGC, IOC set to be headless from today
    Mumbai   31-Jan-2011
    • Two of India’s biggest state-run companies may find themselves headless after office hours on Monday as succession plans have been delayed by the change of guard at the oil ministry.
  • IOC wins case over domain name
    Mumbai   31-Jan-2011
    • State-run IndianOil (IOC) has won its legal battle over ownership rights to the internet domain name indianoil.org, which was misappropriated by a US-based businessman.
  • IOC wins battle over web domain name
    New Delhi   31-Jan-2011
    • State-run IndianOil (IOC) has won its legal battle over ownership rights to the Internet domain name, <indianoil.Org>, which was misappropriated by a US-based businessman.
  • Defending champs BPCL hold IOCL
    Bangalore   27-Jan-2011
    • Defending champions Bharat Petroleum Corporation Limited survived by the skin of their teeth to eke out a nail-biting 1-1 draw against IndianOil in the Ozone Group State Super Division League hockey championship here on Thursday.
  • IOC, HPCL expect subsidy, defer quarterly results
    New Delhi   26-Jan-2011
    • IndianOil and Hindustan Petroleum Corporation have decided to postpone their third quarter results, anticipating a subsidy announcement that will help them post better numbers, against market expectations of a big loss.
  • Stepping on the gas
    New Delhi   27-Jan-2011
    • With the rise in petrol prices, the country’s largest oil marketing company is helpfully suggesting that consumers shift to autogas, which is 35 to 40 per cent cheaper.
  • IOC’s $500m loan to partly fund Orissa plant
    New Delhi   26-Jan-2011
    • Country’s largest oil marketing company IndianOil (IOC) has sourced $500 million bullet loan to partly fund its upcoming refinery in Orissa. “This is a bullet-term loan for five years. IOC has received funds in last week of December,” said an official privy to the development.
  • Abducted IOC official freed
    Mumbai   25-Jan-2011
    • Senior IndianOil official KI Singh, who was kidnapped by militants on Friday, has been freed by his captors at Tingri in Manipur's Imphal West district on Sunday. The Naga People's Support Group had abducted Singh for a Rs. 1 crore ransom.
  • Kidnapped IOC manager released unharmed
    New Delhi   25-Jan-2011
    • K. Ibobi, senior manager of the IndianOil in Manipur kidnapped by armed extremists on Friday night, was released unharmed on Sunday, police officials confirmed on Monday morning.
  • IOC manager freed, officials’ protest ends
    New Delhi   25-Jan-2011
    • Senior division retail sales manager of IOC in Imphal, KI Singh, who was abducted by suspected armed cadre of the People’s Support Group (PSG) on January 21 night, has been freed safely.
  • IOC’s Paradip refinery to get ready by March ’12
    Kolkata   24-Jan-2011
    • The first phase of the much-delayed IndianOil’s (IOC) Paradip Oil Refinery (POR) project in Orissa will be completed by March 2012, according to IOC chairman Brijmohan Bansal. Out of an estimated project cost of Rs 29,777 crore for producing 15 million metric tonnes per annum, 38% work has been completed with an investment of Rs 5,030 crore.
  • IOCL win big again
    Bangalore   21-Jan-2011
    • IndianOil scored a comfortable 5-0 victory over Army Green in the Ozone Group State Super Division hockey league championship here on Friday.
  • Defecating in the open under IOC’s ‘watchful eye’
    Chennai   22-Jan-2011
    • Closed Circuit Television (CCTV) cameras installed atop the IndianOil terminal in Athappagoundan Pudur village on the outskirts of Coimbatore have inadvertently put the Dalit women folk in an embarrassing catch 22 situation.
  • Oil stations in Manipur shut after kidnapping incidents
    New Delhi   24-Jan-2011
    • All oil stations have been closed down and the distribution of cooking gas has been suspended in Manipur following the kidnapping of a senior manager of the IndianOil (IOC), two drivers and a cleaner for ransom.
  • Oil conservation celebrations
    New Delhi   21-Jan-2011
    • IndianOil Director (Refineries) B N Bankapur (fourth from left) flags-off the oil conservation celebrations. He released OilCon Poster and administered the pledge to all the employees.
  • IOC fire contained, depot destroyed
    Lucknow   19-Jan-2011
    • A fire broke out at a lubricant-filling depot of state-run IndianOil (IOC) on the outskirts of Mumbai in the wee hours of Tuesday but was contained within hours.
  • IOC fire contained, destroys depot
    Jammu   19-Jan-2011
    • A fire broke out at a lubricant-filling depot of state-run IndianOil (IOC) on the outskirts of Mumbai in the wee hours of Tuesday but was contained within hours.
  • Director, BHEL visits IOCL R&D
    New Delhi   21-Jan-2011
    • O.P. Bhutani, Director (Engg., R&D), Bharat Heavy Electricals Limited, made a visit to the R&D Centre recently. He was accorded a warm welcome by Dr. R.K. Malhotra, Director (R&D).
  • IOC-LanzaTech pact
    New Delhi   21-Jan-2011
    • IndianOil, and LanzaTech, a leading clean energy technology company, recently signed a Memorandum of Understanding (MOU) for collaboration in a technology demonstration that will enable IOC to produce fuel grade ethanol.
  • ISRL sets up SBR rubber plant in Panipat
    New Delhi   21-Jan-2011
    • IndianOil (IOC) CMD (business development) B.M. Bansal inaugurated the groundbreaking ceremony of the Indian Synthetic Rubber Ltd (ISRL) and its product application development centre at the Panipat complex recently.
  • IOC fire to hit ICICI Lombard, GIC
    New Delhi   20-Jan-2011
    • Private insurer ICICI Lombard, along with national reinsurer General Insurance Corporation of India (GIC), is likely to take a hit over the fire that broke on Monday night at the IndianOil’s (IOC’s) oil storage depot in Taloja at Navi Mumbai.
  • Fire in IOC Depot, no casualty
    Lucknow   19-Jan-2011
    • A major fire broke out at the IndianOil depot at Taloja in Navi Mumbai early on Tuesday, destroying around 40,000 litres of lubricant oil.
  • Fire destroys 40,000 litres oil at depot
    Jaipur   19-Jan-2011
    • A major fire broke out at the IndianOil depot at Taloja in Navi Mumbai early on Tuesday, destroying around 40,000 litres of lubricant oil.
  • IOC loss fear
    Kolkata   19-Jan-2011
    • IndianOil indicated that it would report a net loss in the third quarter unless the government compensated it for revenue loss because of selling auto and cooking fuel below cost. “The third quarter of the fiscal will see net loss if compensation is not there,” IOC chairman B.M. Bansal told reporters.
  • IndianOil to increase Koyali refinery capacity
    Vadodara   20-Jan-2011
    • The IndianOil (IOCL) is all set to turn its Koyali refinery near Vadodara into a major refining hub by making it a virtual coastal refinery, IOCL Chairman Brij Mohan Bansal told The Indian Express on Wednesday.
  • Fire burns down IOC depot in Navi Mumbai
    New Delhi   19-Jan-2011
    • A fire broke out at IndianOil’s (IOC) lubricant-filling depot on the outskirts of Mumbai in the wee hours of Tuesday but was brought under control after a six- hour fire fighting operation by the company.
  • Big fire at Mumbai IOC depot
    New Delhi   19-Jan-2011
    • In one of the biggest infernos at the Taloja MIDC in Navi Mumbai, a massive fire engulfed an IndianOil (IOC) depot late on Monday night. The depot stored large quantities of lubricant oil.
  • Fire at IOC depot, no casualties
    New Delhi   19-Jan-2011
    • A major fire broke out at the IndianOil (IOC) depot at Taloja in Navi Mumbai on Tuesday, destroying around 40,000 litres of lubricant oil.
  • Major fire at IOC plant in Navi Mumbai
    New Delhi   19-Jan-2011
    • A major fire broke out at the IndianOil's lube blending plant in Navi Mumbai in the early hours of Tuesday. Fire fighters battled it for over six hours before dousing it by 7.30 a.m., according to an IOC press release.
  • IOC lubricant-filling depot catches fire
    New Delhi   19-Jan-2011
    • A fire broke out at a lubricant-filling depot of state-run IndianOil (IOC) at Taloja outside Mumbai in the early hours of Tuesday, but was contained within hours.
  • Major fire in Navi Mumbai IOC depot
    New Delhi   19-Jan-2011
    • A major fire broke out at the IndianOil storage depot in Taloja at Navi Mumbai on Monday night. It took fire officials more than six hours to bring the blaze under control.
  • 40,000 litre lubricants gutted in Mumbai fire
    New Delhi   19-Jan-2011
    • A major fire broke out around 1.30 am on Tuesday at the IndianOil’s plant at Taloja in Navi Mumbai. It destroyed more than 40,000 litres of lubricants before it was put out. There were no casualties.
  • Fire at IOC depot in Navi Mumbai
    New Delhi   19-Jan-2011
    • A fire rages at an IndianOil installation at Taloja industrial area near Navi Mumbai early on Tuesday. The fire was contained within a few hours and no casualties were reported, but thousands of drums containing around 40.000 litres of lubricant oil were destroyed.
  • IOC says results to take hit without compensation
    New Delhi   19-Jan-2011
    • State-run IndianOil (IOC) said it will report net loss in the third quarter ending 31 December, unless the government compensates it for revenue loss due to selling auto and cooking fuel below cost.
  • Govt compensation vital to boost profit: IOC chief
    New Delhi   19-Jan-2011
    • IndianOil (IOC) on Tuesday said it would report loss in the third quarter ended December 31, 2010, unless the government compensated it for the revenue loss due to selling diesel, kerosene and cooking fuel below cost.
  • Crude impact: IOC borrowings up 28% at Rs. 54k cr
    New Delhi   19-Jan-2011
    • India's biggest refiner-marketer IndianOil has sold government bonds worth Rs 2,464 crore at a discount of 12% and has seen its borrowings go up about 28% to Rs 54,000 crore in the seven months since June as it struggles to keep refinery fires burning in the face of mounting losses on fuel sales.
  • IOC signs MoU with LanzaTech
    New Delhi   19-Jan-2011
    • IndianOil (IOC) on Tuesday said it has signed an agreement with LanzaTech for production of fuel grade ethanol.
  • IOC signs MoU with LanzaTech
    New Delhi   19-Jan-2011
    • State-owned IndianOil (IOC) on Tuesday said it has signed an agreement with LanzaTech, a leading clean energy technology company, for production of fuel grade ethanol.
  • IOC signs pact with LanzaTech for ethanol
    New Delhi   19-Jan-2011
    • State-owned IndianOil (IOC) on Tuesday said it has signed an agreement with LanzaTech, a leading clean energy technology company, for production of fuel grade ethanol.
  • IOC says will hike petrol prices if crude costs rise
    New Delhi   19-Jan-2011
    • IndianOil is trying to resist political pressures that threaten its profitability in the name of consumer interest. Its chairman and managing director B M Bansal says absorbing or delaying a hike in the price of decontrolled fuel like petrol is not desirable.
  • IOC fire contained, destroys depot
    New Delhi   19-Jan-2011
    • A fire broke out at a lubricant-filling depot of state-run IndianOil (IOC) on the outskirts of Mumbai in the wee hours of Tuesday but was contained within hours. “No one was injured in the fire,” IOC chairman Mr BM Bansal said at a Press conference in New Delhi.
  • Fire at IOC Taloja plant; no casualties
    New Delhi   19-Jan-2011
    • A fire which broke out at the IndianOil's lube blending plant at Taloja in Navi Mumbai in the late hours of Monday night, was completely put out by 7.30 a.m. with no casualties or injuries. This was stated by the IOC Chairman, Mr B.M. Bansal, here on Tuesday.
  • IndianOil launches new magazine
    Kolkata   16-Jan-2011
    • State minister for fire and emergency services, Mr Pratim Chatterjee, delivered some practical tips to save natural oil and gas.
  • IndianOil share sale to be delayed
    New Delhi   18-Jan-2011
    • State-run IndianOil’s share sale will be delayed to the next financial year beginning on April 1, Oil Secretary S Sundareshan said on Monday.
  • IOC issue deferred, SAIL pulls up bankers
    New Delhi   18-Jan-2011
    • The government might find it tough to meet its divestment target of Rs 40,000 crore for the current fiscal, with oil secretary S Sundaresan saying on Monday the much-awaited follow-on public offer (FPO) of state-owned Indian Oil Corporation (IOC) will be delayed to the next financial year.
  • Still losing Rs 1.22 a litre on petrol: IOC
    New Delhi   18-Jan-2011
    • Consumers, who have put up with a 22% increase in petrol price so far this fiscal, could be in store for further price increase unless the global crude price softens or the government steps in with tax cuts.
  • IOC favours Rs. 3.72 hike in Delhi petrol
    New Delhi   18-Jan-2011
    • State-owned IndianOil, the nation's largest fuel retailer, said it is losing Rs. 1.22 per litre on petrol despite last week's Rs. 2.50 a litre hike in prices, as crude oil rules at two-year high levels.
  • Rising global trend warranted hike: IOC
    New Delhi   18-Jan-2011
    • IndianOil (IOC) has said the current increase in the retail selling price of petrol was warranted and it has softened the impact on the consumer by not passing on the full extent of the rise in global oil prices.
  • IOC chief on petrol price increase
    New Delhi   18-Jan-2011
    • Based on current price levels in the international oil market, the desired increase in the retail selling price of petrol in New Delhi should have been Rs.3.72/Lt, claimed B.M. Bansal, chairman of Indian Oil Corporation Ltd.
  • Liquid black gold escalates Digboi to world map
    Guwahati   15-Jan-2011
    • More than a century ago, a prominent chapter in world history was being inserted in a remote corner of Assam amidst the dense and malaria-infested jungles by a band of intrepid pioneers searching for black gold.
  • IndianOil, BPCL enter DY Patil T20 final
    Mumbai   16-Jan-2011
    • Defending champion IndianOil and BPCL got past ONGC and hosts D Patil A respectively in low scoring encounters to enter the final of the Rs 12 lakh prize money Dr D Patil T20 Cricket Tournament at the D Patil Stadium, Nerul on Saturday.
  • Rally held for awareness on oil conservation
    Bangalore   17-Jan-2011
    • The Petroleum Conservation Research Association along with the volunteers of National Service Scheme (NSS) had organised, ‘Save Oil, Cycle Rally & Walkathon’ as a part of its Oil and Gas Conservation Fortnight, at Kanteerava Stadium here on Sunday.
  • IOCL and NPCIL sign JV agreement
    Chennai   15-Jan-2011
    • IndianOil and Nuclear Power Corporation of India Ltd (NPCIL) have entered into a joint venture agreement for setting up nuclear power plants across the country.
  • Fuel hike lesser than desired retail rate: IOC
    New Delhi   17-Jan-2011
    • A day after raising petrol price by Rs 2.50 per litre, IndianOil (IOC) on Sunday said the increase was less than the Rs 3.72 a litre which was needed to make domestic rates in line with rise in cost.
  • We need a bigger petrol hike: IOC
    New Delhi   17-Jan-2011
    • Facing criticism for increasing the retail price of petrol, government-owned IndianOil said the desired increase was actually Rs 3.72 a litre but it chose to “soften the impact on customer” by increasing the price by only Rs 2.50 a litre.
  • AI put brakes on WSH ambitions of its players
    Bangalore   14-Jan-2011
    • In what could be a major roadblock to conduct of the much-hyped World Series Hockey (WSH), some of the major public sector employers in the sport haven't given the green signal for their players to participate in the cash-rich tournament.
  • IOC not hit by Iran crude payments row
    New Delhi   14-Jan-2011
    • Indian Oil Corp has so far been unaffected by an oil payments row with Iran but could turn to the spot market if there is any disruption to imports, chairman B M Bansal said on Thursday.
  • B.M. Bansal inaugurates India Synthetic Rubber Ltd
    New Delhi   14-Jan-2011
    • IndianOil Chairman and Director (Business Development), B.M. Bansal inaugurated the ground breaking ceremony of the Indian Synthetic Rubber Ltd and the Product Application Development Centre at the Panipat Complex recently.
  • IOC formally inks pacts with Nuclear Power Corp
    New Delhi   14-Jan-2011
    • After announcing their joint venture in late 2009, IndianOil on Thursday formally entered into an agreement with the Nuclear Power Corporation to set up power plants across the country.
  • IOC official gets bail
    Jaipur   12-Jan-2011
    • The Rajasthan High Court on Wednesday directed that the manager (operations) of the IndianOil, Ashok Kumar, be released on bail if he furnishes two surities of Rs 1 lakh each.
  • Technology that makes a difference to the Planet
    New Delhi   13-Jan-2011
    • Over the last decade, the hunt for oil has taken us deeper and deeper into the sea. With the crude oil price hovering in the mid USD 90s we can expect renewed efforts by E&P companies in exploration.
  • IOC sets sights on second refinery on western coast
    Mumbai   12-Jan-2011
    • Undeterred by spiralling crude prices and mounting pressure of revenue losses on sale of sensitive petroleum fuels, India's largest oil retailer, IndianOil (IOC), continues to scout for new avenues to meet the country's rising demand.
  • Chairman inaugurates PADC at Panipat
    New Delhi   11-Jan-2011
    • IndianOil Chairman and Director (Business Development), BM Bansal ceremoniously inaugurated the ground breaking ceremony of the Indian Synthetic Rubber Ltd. and the Product Application Development Centre at the Panipat Complex on January 7, 2011.
  • PADC inaugurated by Chairman
    New Delhi   11-Jan-2011
    • IndianOil Chairman and Director (Business Development), B.M. Bansal ceremoniously inaugurated the ground breaking ceremony of the Indian Synthetic Rubber Ltd. and the Product Application Development Centre at the Panipat Complex.
  • Erratic IOCL score nervy win over MEG
    Bangalore   10-Jan-2011
    • IndianOil withstood a tenacious fightback from Madras Engineering Group to eke out a 6-5 victory in the Ozone Group State Super Division League championship here on Monday.
  • PADC inaugurated at IOC
    New Delhi   11-Jan-2011
    • B.M. Bansal, Chairman, IndianOil, recently inaugurated the ground breaking ceremony of the Indian Synthetic Rubber Ltd. and the 'Product Application Development Centre' (PADC) at the Panipat Complex.
  • IOC announces winners of lucky draw
    Jammu   08-Jan-2011
    • The IndianOil in association with M/s Digitus Electronics has announced the name of winners of lucky draw entitled "New Year Bonanza" as a part of Christmas and New Year celebration in a function, here.
  • Oil pipeline leak kills fishes
    New Delhi   09-Jan-2011
    • A crack in a pipeline of the IndianOil has caused the death of hundreds of fishes in nearby water bodies, about 1.5 km from company's storage point at Paradip.
  • IG summoned for probe slackness in IOC fire case
    Jaipur   07-Jan-2011
    • The chief judicial magistrate (Jaipur city) has summoned inspector general of police N Morris Babu for alleged slackness in investigating the fire at the IndianOil (IOC) terminal-cum-depot at sitapura in October 2009.
  • Paradip oil spills into Kaudia river
    New Delhi   08-Jan-2011
    • Hundreds of acres of prawn gheries and river creeks were affected due to leakage of crude oil from the Halidia-Paradip pipeline of the IndianOil (IOCL) near Sandhkud under Kujanga tehsil in Jagatsinghpur district.
  • Panipat refinery to get a rubber plant
    New Delhi   08-Jan-2011
    • Adding yet another dimension to Panipat petro-chemical hub, IndianOil (IOC) today performed the ground-breaking ceremony of the first state-of-art Styrene Butadiene Rubber (SBR) plant on the refinery premises. IOC Chairman and Director (business development) Mr. BM Bansal performed the brief ritual.
  • IOC felicitates dealers
    Lucknow   06-Jan-2011
    • Members of Gold Circle 2010-11 were felicitated by BS Canth, general manager, IndianOil at a function organised here on Wednesday.
  • IOCL, ONGC set up semifinal clash
    Ahmedabad   06-Jan-2011
    • IOCL and ONGC posted identical 2-0 wins on Wednesday in their Petroleum Sports Promotion Board inter-unit hockey tournament matches at the KSHA and set up a mouth-watering semfinal clash on Thursday.
  • IOC losing Rs. 151 cr per day on diesel sales
    New Delhi   07-Jan-2011
    • State-owned IndianOil (IOC) is losing Rs. 151 crore per day in revenue on selling diesel, domestic liquefied petroleum gas (LPG) and kerosene below their imported cost, a company official said on Thursday.
  • Raghunath stars in IOCL victory
    Bangalore   05-Jan-2011
    • VR Raghunath’s double strike in the first-half was enough to ensure IndianOil a comfortable 2-0 victory over Engineers India Limited in the 29th PSPB Inter-Unit hockey tournament at the KSHA stadium here on Wednesday.
  • Sandesh powers GAIL
    Bangalore   05-Jan-2011
    • Sandesh Yadav’s hat-trick powered Gas Authority of India Limited to a splendid 4-1 win over Chennai Petroleum Corporation Limited in the 29th PSPB inter-unit hockey tournament here at the KSHA stadium on Tuesday.
  • Guwahati Refinery foundation day
    Guwahati   04-Jan-2011
    • The 49th foundation day of Guwahati Refinery was observed on Saturday.The day’s proceedings began with a floral tribute to the bust of late Hem Baruah, litterateur and parliamentarian by refinery employees and officials, a press release said.
  • Drive against illegal LPG cylinders to be launched
    Rajkot   03-Jan-2011
    • In order to find a way out of the severe shortage of LPG cylinders, the Rajkot collector has ordered the administration to start recovering cylinders from those customers who are keeping them despite getting piped gas from the Gujarat State Petroleum Corporation (GSPC).
  • Gang of 4 tries to rob petrol station, fires at employee
    Chennai   04-Jan-2011
    • The police are on the lookout for four youths who allegedly attempted to rob a retail fuel outlet in Irungattukottai and shot at an employee there on Sunday night. The employee, 28 years old, who suffered bullet injury on his hip, was admitted to a private hospital, is said to be out of danger.
  • IOC scheme to woo customers
    Patna   04-Jan-2011
    • IndianOil (IOC) has launched a scheme under which its Bihar and Jharkhand customers, on purchase of petrol or diesel worth Rs 500, can SMS their cash memo number to register them-selves for a lucky draw at three different levels.
  • Fuelling speculation
    New Delhi   04-Jan-2011
    • Sarthak Behuria, former chairman of Navaratna PSU IndianOil, is an avid golf and bridge player. But clearly the cards were stacked against him at IOC, as the government denied extending his tenure as chairman in Feburary 2010 until superannuation in 2012.
  • IndianOil's Haldia Refinery bags Safety Award
    Mumbai   03-Jan-2011
    • IndianOil’s Haldia Refinery has bagged the 'Safety Innovation Award’ for the year 2010 for achieving excellence in safely measures by the Safety and Quality Forum of the Institution of Engineers (India). Rakesh Mehta, Chief Secretary-Government of NCT of Delhi presented the award to A K Roy, Executive Director of Haldia Refinery in New Delhi during the Inaugural Function of the Safety Convention-2010 organised by the Delhi State Centre of Institute of Engineers.
  • Star studded IOCL look to retain crown
    Bangalore   02-Jan-2011
    • India’s elite hockey players, including India captain Rajpal Singh, will be in action when the Petroleum Sports Promotion Board Inter-unit hockey tournament kicks off at the Karnataka State Hockey Association stadium from Monday.
  • Safety Innovation Award
    New Delhi   31-Dec-2010
    • IndianOil’s Haldia Refinery has bagged the ‘Safety Innovation Award' for the year 2010 for achieving excellence in safety measures by the Safety and Quality Forum of the Institution of Engineers (India).
  • IndianOil wins veterans team event at 30th PSPB Inter Unit Tennis
    Kolkata   29-Dec-2010
    • Former National player Tejbir Singh Bhandari helped IndianOil scrape past hosts Bharat Petroleum 2-1 to lift the Men's Veterans event at the 30th Petroleum Sports Promotion Board's Inter Unit Tennis Tournament being organised by Bharat Petroleum at Deccan Gymkhana tennis courts in Pune.
  • Challenge of completing projects on time
    New Delhi   30-Dec-2010
    • With the liberalisation of the economy and the special status of ‘Navratna' and now ‘Maharatna,' and consequently greater freedom to the PSUs (public sector undertakings) in chartering their own growth plans.
  • IOC's Haldia Refinery bags Safety Award
    New Delhi   31-Dec-2010
    • IndianOil's Haldia Refinery has bagged the 'Safety Innovation Award' for the year 2010 for achieving excellence in safety measures by the Safety and Quality Forum of the Institution of Engineers (India). Rakesh Mehta, Chief Secretary, Government of NCT of Delhi, presented the award to A.K. Roy, Executive Director of Haldia Refinery, in New Delhi.
  • SAIL FPO in Jan, ONGC in March, IOC deferred
    New Delhi   30-Dec-2010
    • Drawing a roadmap for disinvestment during the last quarter of this financial year, the government said it would dilute its stake in SAIL in January, followed by Power Finance Corporation (PFC) and oil major ONGC in March.
  • IOC to go ahead with Rs 55,000-cr expansion
    New Delhi   30-Dec-2010
    • The country’s largest refiner, IndianOil (IOC), has decided to go ahead with its massive Rs 55,000 crore refining capacity expansion programme irrespective of the current adverse business conditions where the company’s under recovery from sale of fuel below cost has risen sharply on a rising global crude oil price and uncertainty persists over deregulation of diesel prices.
  • National Energy Conservation Award 2010 for Barauni and Digboi Refineries
    Guwahati   26-Dec-2010
    • The Power Ministry of India awarded the Barauni and Digboi Refineries of IndianOil with the prestigious National Energy Conservation ‘Certificate of Merit’ Awards-2010 during a programme organized on the occasion of National Energy Conservation Day in New Delhi recently.
  • Damned if they do
    New Delhi   27-Dec-2010
    • Oil marketing companies in India are beginning to pile up massive losses yet again as the price of crude touches $90 a barrel. Under-recoveries, as they are called in government parlance, have grown to the point where deregulation of the oil sector has started looking as the only way out.
  • IndianOil presents ambulance to Deepsikha Cancer Care Foundation
    Guwahati   26-Dec-2010
    • A Pandian, general manager of IndianOil, North East along with Debasish Sharma, Deputy Resident Commissioner, Assam Bhawan, Mumbai and chairman of Deepsikha Cancer Care Foundation flagged off an ambulance for the service of people in rural areas of Assam on December 23 at IndianOil's Sarpara LPG bottling plant near Mirza, a press release said.
  • Former IOC chief to join Jet board
    New Delhi   28-Dec-2010
    • Former chairman of IndianOil (IOC) Sarthak Behuria would be appointed as an independent director on the board of directors of Jet Airways. He completed a five-year term as IOC head in February-end.
  • IOCL donates 10 computers to Bishnah school
    Jammu   23-Dec-2010
    • IndianOil donated 10 computers and one water cooler to Dati Todi Memorial Convent High School, Ratnal (Bishnah) in a gala function held at the school today.
  • Searching For Scale
    New Delhi   27-Dec-2010
    • The second floor of the block that houses the engineering department at Maruti Suzuki's campus in Gurgaon is a giant sprawl of workstations. If the young, diligent occupants of the endless rows of computer terminals, clad in the company's light-green livery, wore headsets with a microphone, the setting would be remarkably similar to that of call centres that dot the suburb.
  • Qatar’s Tasweeq, IOC ink LPG supply contract
    New Delhi   24-Dec-2010
    • Qatar International Petroleum Marketing Company (Tasweeq) has signed a contract for long-term supply of LPG to IndianOil. The contract was signed at IOCL's headquarters in New Delhi between IOC Chairman Brij Mohan Bansal and Tasweeq Acting CEO Saad Al-Kuwari on December 15. However, the details were only revealed yesterday.
  • No let-up in shortage of cooking gas
    Patna   26-Dec-2010
    • With cooking gas shortage persisting for quite some time in the state capital, consumers are facing a tough time. Even though food and consumer protection minister Shyam Rajak directed the oil marketing companies twice in the past three weeks to streamline supplies expeditiously, there are no signs of improvement in the situation.
  • Branded fuel sales skid 30%
    New Delhi   27-Dec-2010
    • Brand-conscious automobile owners are becoming price-sensitive, too. The sale of branded petrol and diesel, priced at a premium to regular fuel, has dipped by 30-40 per cent, in the wake of branded fuel prices having risen by 16 per cent since April.
  • IOC unveils Rs 3,000 cr hydrocraker unit in Bengal
    New Delhi   27-Dec-2010
    • IndianOil (IOC) on Saturday unveiled a Rs 3,000 crore hydrocracker unit in Haldia in the eastern state of West Bengal. The Maharatna company also upgraded its refinery in Haldia by adding additional capacity of 1.5 million tonnes per annum (mtpa).
  • IndianOil's hydrocracker unit at Haldia on stream
    New Delhi   26-Dec-2010
    • The Oil Ministry on Saturday sought to soothe the frayed nerves of oil marketing companies in view of the huge under-recoveries suffered by them by saying that they need not fear from suffering losses.
  • No decision on IOC issue yet, says oil secy
    New Delhi   26-Dec-2010
    • The central government on Saturday said it had not taken any decision on the timing of the proposed public issue of the country's largest oil marketing company, IndianOil (IOC), even as decks had been cleared for the disinvestment of Oil and Natural Gas Corporation (ONGC).
  • IndianOil to decide timing of public issue only in FY '12
    Haldia   26-Dec-2010
    • State-run IndianOil’s proposed public issue will not come this year and its launch time will be decided by the government in the next financial year, a senior oil ministry official said. “It is not necessary that the offer will have to hit the stock market this financial (year),” petroleum secretary S Sundareshan said here on Sunday.
  • Petrol crisis hits IOCL pumps
    Mumbai   24-Dec-2010
    • Even after the hike in petrol prices, the fuel woes of the city's consumers don't seem to have ended. Around 40 to 50 IndianOil (IOCL) petrol pumps in the city are not getting their supply of petrol.
  • Mock drill held at Sabarmati IOC depot
    Ahmedabad   23-Dec-2010
    • The IndianOil depot at Sabarmati D Cabin resounded with wails of alarms as security personnel stopped a car at the gate on Wednesday evening.
  • Increase capacity of Bongaigaon Refinery: BJP
    Guwahati   19-Dec-2010
    • Bharatiya Janata Party (BJP) State general secretary Prodyut Bora today demanded that the refining capacity of the Bongaigaon Refinery of the IndianOil (IOCL) be increased to 5 million metric tonnes per annum (MMTPA), from the existing capacity of 2.35 MMTPA.
  • IOC losing Rs.118-cr revenue daily
    New Delhi   22-Dec-2010
    • State-owned IndianOil (IOC) is losing Rs. 118 crore a day in revenue on selling diesel, domestic LPG and kerosene below their imported cost, a company official said on Tuesday.
  • Manipur CM's plea to Centre
    New Delhi   19-Dec-2010
    • Lamenting that the Centre has not fulfilled the long-pending demand of the State to enhance its fuel storage capacity, the Manipur Chief Minister, Mr O. Ibobi Singh, today said had the delay taken place in States such as West Bengal or Maharashtra the situation could have turned violent.
  • Expansion of Bongaigaon Refinery capacity sought
    New Delhi   20-Dec-2010
    • Assam's Bharatiya Janata Party general secretary Prodyut Bora on Sunday demanded that the refining capacity of the Bongaigaon Refinery of the IndianOil (IOCL) be increased to five million metric tonnes per annum (MMTPA) from the existing capacity of 2.35 MMTPA.
  • No date yet for IOC selloff, says Sundareshan
    New Delhi   17-Dec-2010
    • The government has not yet fixed any timeline for the public offering of IndianOil (IOC), even as the share sale of Oil and Natural Gas Corp (ONGC) is likely by March 2011,
  • Nanotechnology for green vehicles
    New Delhi   17-Dec-2010
    • With automotive manufacturers striving to match stricter emission norms set by regulatory authorities, they have begun considering nanotechnology as a necessity.
  • No final call on IOC FPO yet
    New Delhi   17-Dec-2010
    • The government on Thursday said it is yet to take a final decision on the followon public offer (FPO) of the country’s largest oil marketer, IndianOil (IOC).
  • Gas leak spreads panic in Mangalagiri
    Hyderabad   15-Dec-2010
    • Residents of Srilakshminarasimha colony in the temple town of Mangalagiri ran out of their homes on Tuesday afternoon when liquefied petroleum gas (LPG) leaked from an overturned oil tanker. Panic gripped the entire Mangalagiri town for over three hours till the rescue teams capped the leaking gas.
  • Tata to deliver lecture at IIMA
    Ahmedabad   15-Dec-2010
    • As part of the golden jubilee celebration year celebrations, the Indian Institute of Management, Ahmedabad has organised an international conference on Strategic Management Forum. The conference which begins on Wednesday will continue till December 17
  • Jet fuel prices hiked by 3.6%
    New Delhi   16-Dec-2010
    • State-owned oil firms on Wednesday hiked jet fuel prices by a huge 3.6% to Rs 46,876.58 per kl, making it the fifth straight increase in rates since October when international crude oil prices started climbing.
  • IOC hikes petrol price
    New Delhi   16-Dec-2010
    • State-owned IndianOil (IOC) has increased petrol price in the range of Rs 2.96 to Rs 3.21 a litre with effect from Thursday and Hindustan Petroleum Corporation is expected to follow suit.
  • AI, IndianOil in final
    Kolkata   15-Dec-2010
    • Defending champion IndianOil will take on Air India in the final of Beighton Cup hockey tournament here on Wednesday.
  • Digboi discusses prospects of hydrocarbon industry
    Guwahati   12-Dec-2010
    • The Petrotech Society and IOCL (AOD) jointly organised a seminar on, 'Hydrocarbon Industry Growth: Prospects and Challenges in North East' at Digboi on December 8 and 9 last.
  • IndianOil tops Fortune India 500 list
    Guwahati   10-Dec-2010
    • Four State-run enterprises led by IndianOil figure among top five companies in terms of revenue on Fortune magazine’s first India list of 500 largest corporations released on Thursday.
  • IOC, BHEL, SAIL do not have independent directors: CAG
    Bhopal   10-Dec-2010
    • As many as 17 listed PSUs, including blue chip entities like IndianOil, BHEL and SAIL do not have the requisite number of independent directors, an important tool of corporate governance, says a CAG report tabled in Parliament today.
  • IOC’s offer in an oil slick
    New Delhi   14-Dec-2010
    • The Union government has deferred, for now, the follow-on public offering (FPO) of IndianOil (IOC), a state-owned oil marketing company (OMC). There is speculation that the FPO may be revived sometime next year.
  • Cylinders seized
    Chennai   12-Dec-2010
    • A total of 117 domestic cylinders that were misused by commercial establishments here were seized in a raid conducted by IndianOil on Saturday. A team of 15 officials raided over 300 commercial establishments, including tea shops and eateries. 51 cylinders were seized from Villivakkam and Ayanavaram, a release said.
  • IndianOil and Air India among semifinalists
    Kolkata   13-Dec-2010
    • IndianOil and Punjab sports from group 'A' and Air India and South Central Railway from group 'B' made it to the semifinals of the Coal India 115th Beighton Cup hockey tournament at the SAI, Eastern Centre, here on Sunday.
  • IOC offer won’t come this fiscal
    New Delhi   13-Dec-2010
    • The Union government has shelved the follow-on public offering (FPO) of shares in state-owned IndianOil (IOC), the country’s biggest oil refiner and marketeer, this fiscal because of a surge in the price of crude oil to the highest level in two years.
  • IOC puts AI on `cash and carry mode'
    New Delhi   11-Dec-2010
    • The IOC has put national carrier Air India on "cash and carry" mode which means that the cash-strapped airline will have to make daily payments for aviation turbine fuel in order to ensure uninterrupted flight operations.
  • IOC tops Fortune India 500
    New Delhi   10-Dec-2010
    • IndianOil has topped the list of top 500 Indian companies compiled by business magazine Fortune, followed by Mukesh Ambani-led Reliance Industries at the second place.
  • IndianOil tops Fortune India list
    New Delhi   09-Dec-2010
    • The first-ever list of Fortune 500 companies in India has ranked state-owned IndianOil at No. 1 in terms of revenue, followed by Mukesh Ambani-led Reliance Industries Ltd and State Bank of India.
  • IOC follow-on offer may be re-examined
    New Delhi   09-Dec-2010
    • The volatility in global crude oil prices may compel the Government to re-examine IndianOil (IOC) follow-on public offer slated for this fiscal.
  • Man killed for Rs 150
    New Delhi   08-Dec-2010
    • The city is on a short fuse and Delhi residents found this the hard way on Saturday. A 32-year-old man was brutally killed for just Rs 150 at an IndianOil petrol pump in Janakpuri in west Delhi on Saturday morning.
  • IndianOil again launches sales promotion scheme
    Jammu   03-Dec-2010
    • To be a part of Christmas and New Year celebrations, IndianOil in association with M/s. Digitus Electronics has once again launched a sales promotional scheme titled New Year Bonanza on purchase of petrol as well as diesel at their selected ROs in the State.
  • Going all out
    New Delhi   06-Dec-2010
    • Public sector oil marketing company Indian Oil Corporation (IOC) is planning to augment its refining capacity to 80.7 million tonnes per annum (mtpa) by 2012. “We are the market leaders in refining in the country with a 36 per cent market share,” says B.N. Bankapur, director, refineries, IOC.
  • Air India soar high, again
    New Delhi   05-Dec-2010
    • Defending champions Air India successfully made it two in a row at the 21st Lal Bahadur Shastri hockey tournament, beating arch-rivals ONGC 4-2 in the final on Saturday. Brinder Lakra scored two goals for the winning side, while Len Aiyappa converted a penalty corner and Yuvraj Walkmiki put the game beyond contention.
  • Air India, ONGC to clash
    New Delhi   04-Dec-2010
    • Air India has dominated most domestic tournaments for a while now, and on Friday they proved why. Despite being patchy in most games, Air India booked a place in the final of the Lal Bahadur Shastri hockey tournament with a 2-1 win over Bharat Petroleum in the semifinals with captain Sameer Dad underlining what the national team lost out on when he was prematurely ignored at selection meetings.
  • Erring umpire hands IOC semi-final spot at Shastri hockey
    New Delhi   03-Dec-2010
    • The IndianOil and Army XI went into their last league match, both requiring a win to enter the semifinal of the Lal Bahadur Shastri hockey tournament on Thursday. Army XI were at an advantage, since a draw was enough to see them through—thanks to superior goal difference.
  • IOC loses Rs. 38k-cr a year on fuel sales
    New Delhi   02-Dec-2010
    • State owned IndianOil (IOC) is losing Rs. 105 crore a day in revenues on selling of auto and cooking fuel below imported costs, a company official said today.
  • Govt flags off IOC, ONGC public issues
    New Delhi   02-Dec-2010
    • The government has given the green signal to the blue chip oil companies, ONGC and IndianOil (IOC), to go ahead with follow-on public offers (FPOs).
  • IOCL Panipat projects bag awards
    Mumbai   30-Nov-2010
    • Panipat Naphtha Cracker Project of IndianOil, Panipat, Haryana was given the national level NSCI Safety Award in the construction sector for the Year-2009.
  • Oil firms hike ATF prices by 1.4%
    New Delhi   01-Dec-2010
    • State-owned oil firms on Tuesday hiked jet fuel prices by 1.4 per cent, the fourth increase in rates in two months.
  • <i><b>SERVO</b></i> received the Master Brand Award – 2010
    New Delhi   29-Nov-2010
    • IndianOil’s brand of lubricants was conferred with Master Brand award by the CMO Asia in a ceremony and a citation held at Taj Lands End, Mumbai recently. The Master Brand trophy was received by Amitava Chatterjee, ED (Lubes), IndianOil.
  • <i><b>SERVO</b></i> bags Master Brand Award
    Mumbai   27-Nov-2010
    • <i><b>SERVO</b></i>, IndianOil’s brand of lubricants was conferred with the Master Brand award and a citation by CMO Asia in a ceremony held at Taj Lands End, Mumbai recently.
  • IndianOil organizes workshop on Excellence in HR
    Chennai   23-Nov-2010
    • Sponsored by Maha Ratna, IndianOil (IOC), National Institute of Personnel Management (NIPM) organised a workshop on 'Excellence in HR' with the aim to promote quality of human resources in the Indian industries.
  • IOCL at Auto Exhibition
    Chennai   23-Nov-2010
    • IndianOil - Southern Region participated in the 4th edition of Auto Serve 2010 on 'Productivity and Efficiency in Automotive Services, Components and Spare Parts' organised in the city recently.
  • IOC, ONGC to appoint pros on board
    New Delhi   26-Nov-2010
    • India’s largest explorer, Oil & Natural Gas Corp (ONGC), and the top fuel retailer, IndianOil (IOC), will appoint lawyers, chartered accounts, IIT professors and prominent IT professionals as independent directors
  • Indane directs LPG distributors to work all days
    Chandigarh   24-Nov-2010
    • Faced with a big backlog in supply of LPG cylinders in Punjab, IndianOil, which supplies cylinders under the brand name Indane, has asked its distributors across the state to remain open even on Sundays and holidays to clear the backlog.
  • Rs 4500 crore spent on IOCL Paradip refinery so far
    Kolkata / Bhubaneswar   25-Nov-2010
    • IndianOil (IOCL) has so far invested Rs 4500 crore on its proposed 15 million tonne per annum (mtpa) grassroot refinery cum petrochemical complex to be set up five km south of Paradip.
  • Army XI, IndianOil in last four
    New Delhi   24-Nov-2010
    • Army XI and IndianOil made it to the semifinals of the Nehru hockey tournament here on Tuesday. In their concluding league Pool ‘A' encounters at the Major Dhyan Chand National Stadium, Army XI beat Indian Air Force 2-0 while Indian Oil eliminated South Central Railway (SCR) 7-1.
  • Mr. B M Bansal in House Journal of Petrotech Society
    New Delhi   23-Nov-2010
    • With the current edition of the International Oil and Gas Conference and Exhibition – Petrotech, we will have taken one more step in the integration of our Nation's Oil and Gas industry with the global industry.
  • IndianOil bags 13 prestigious ABCI Awards
    Mumbai   22-Nov-2010
    • Continuing its winning streak at the Association of Business Communicators of India (ABCI), the Corporate Communications Group of IndianOil swept a record 13 Awards at a glittering Annual Awards function held recently at Mumbai.
  • IOC announces winners of ‘Diwali Dhamaka Offer’
    Jammu   19-Nov-2010
    • IndianOil (IOC) today announced the winners of its "Diwali Dhamaka Offer" scheme and handed them over the prizes. The sales promotional scheme was launched in the month of October, which lasted till Diwali.
  • IndianOil: Margin spike
    New Delhi   23-Nov-2010
    • IndianOil’s (IOC) performance improved during the September quarter as its gross refining margins (GRMs) increased to $6.6 a barrel from $3.6 a barrel in the first quarter. During the period, Singapore-Dubai GRMs were up $0.50 to $4.2 a barrel.
  • IndianOil bags 13 ABCI Awards
    Mumbai   20-Nov-2010
    • Corporate Communications Group of IndianOil swept a record 13 Awards at the ABCI Annual Awards function held recently at Mumbai.
  • Big win for IndianOil
    New Delhi   21-Nov-2010
    • IndianOil started its league phase on a bright note with a 7-0 win over Indian Air Force in a Pool ‘A' match of the 47th Nehru hockey tournament at the Major Dhyan Chand National Stadium here on Saturday.
  • IOC, Punj Lloyd, Reliance Power close to winning solar projects
    New Delhi   21-Nov-2010
    • IndianOil, Punj Lloyd, Mahindra Solar, and Reliance Power's Rajasthan SunTechnique, are among the companies that are one step closer to winning projects under the first phase of the National Solar Mission for developing 620 MW of solar projects.
  • IOC clears joint venture with NPCIL
    New Delhi   22-Nov-2010
    • The IndianOil has informed that its Board has accorded approval in September 2010 for equity participation through Joint Venture in Rajasthan Atomic Power Project of Nuclear Power Corporation of India Limited. This was stated by the Minister for Petroleum & Natural Gas Murli Deora in the Rajya Sabha.
  • IOC Disinvestment: A chance to deregulate
    New Delhi   22-Nov-2010
    • Disinvestment in IndianOil (IOC), scheduled for the fourth quarter, is a golden opportunity for the government to act on its promise to deregulate the retail pricing of diesel. If the government squanders the chance, deregulation would become more difficult post-issue.
  • Share sale could act as next catalyst
    New Delhi   22-Nov-2010
    • The government's decision to sell shares of state-owned IndianOil (IOC) in early CY11 should speed up the process of providing more clarity to the subsidy system that takes a big bite out of the company's profits.
  • Govt proposes exemption of duty on crude imports
    New Delhi   22-Nov-2010
    • The finance ministry has proposed to exempt crude imports made under advance authorisation scheme from levy of national calamity contingency duty (NCC D). At present the levy is being charged as surcharge over and above the customs duty and works out to Rs 51 per metric tonne.
  • Default swaps improve faster for SBI than BRICs
    New Delhi   19-Nov-2010
    • The risk of default by the State Bank of India (SBI) is falling more than similar BRIC nation benchmarks as the company, a proxy for the government in the global bond market, sells debt in Europe for the first time in five years.
  • IndianOil awarded
    Mumbai   19-Nov-2010
    • Continuing its winning streak at the Association of Business Communicators of India (ABCI), the Corporate Communications Group of IndianOil swept a record 13 Awards at a glittering Annual Awards function held recently at Mumbai.
  • IOC follow-on issue by January-end
    New Delhi   20-Nov-2010
    • State-owned IndianOil on Friday said it expects to launch its follow-on public offer (FPO) in the third or fourth week of January.
  • IOC to pick up 26 % in NPCIL's Kota project
    New Delhi   20-Nov-2010
    • IndianOil (IOC) on Friday said it would make an investment of about Rs.900 crore to pick up a 26 per cent stake in Nuclear Power Corporation of India's (NPCIL) 1,400-MWe atomic power project at Kota in Rajasthan, giving shape to its nuclear venture.
  • World Diabetes Day observed at Digboi
    Digboi   15-Nov-2010
    • The Medical Department of IOCL (AOD), Lions Club of Digboi and the Digboi branch of Indian Medical Association jointly observed the World Diabetes Day on Sunday at the Golden Jubilee Complex Auditorium here.
  • Remembrance Day observed
    Digboi   15-Nov-2010
    • The Remembrance Day 2010 was also observed on Sunday morning on the hallowed ground of Digboi War Cemetery in the presence of a large and distinguished gathering. Brig Asit Mistry was the chief guest.
  • Maharatna status
    New Delhi   19-Nov-2010
    • IndianOil was formally conferred the Maharatna status. The Maharatna certificate was presented by Union Minister for Heavy Industries & Public Enterprises Vilasrao Deshmukh to Chairman, IndianOil, B M Bansal in the presence of Minister of State for Heavy Industries & Public Enterprises Arun Yadav.
  • VA Tech Wabag deal with IOC
    New Delhi   19-Nov-2010
    • Water treatment player VA Tech Wabag Ltd on Thursday said it has signed a contract with IndianOil (IOCL) to set up an effluent treatment plant at Rs. 250 crore.
  • IOC to invest Rs. 961 cr in nuclear project
    New Delhi   19-Nov-2010
    • IndianOil (IOC) will invest Rs. 961 crore in a nuclear power plant being built jointly with Nuclear Power Corp. of India Ltd, petroleum minister Murli Deora said.
  • IndianOil celebrates Quality Week
    Kolkata   17-Nov-2010
    • World Quality Day is being celebrated on 2nd Thursday of November across the World as a part of increasing general awareness towards the various quality standards and its importance.
  • Citu stops work at coal-bed methane gas project
    Kolkata   17-Nov-2010
    • CPM’s labour wing Citu has stopped production at India’s first coal-bed methane (CBM) gas project at Asansol, leading to disruption of supply to 30 industries including ISP, Kulti, DSP of Sail and CNG autorickshaws since the last two days.
  • Koyali plant to turn Virtual Coastal Refinery
    Vododara   17-Nov-2010
    • The IndianOil has drawn up an ambitious plan to convert its refinery at Koyali near Vadodara as the country’s first Virtual Coastal Refinery (VCR) by connecting it to Kandla port through a pipeline.
  • IOC selloff plan gets off ground, 6 merchant bankers appointed
    New Delhi   18-Nov-2010
    • State-run IndianOil has appointed six merchant bankers for its proposed public issue, setting the ball rolling for India’s biggest-ever equity offering – the over Rs. 19,000-crore issue that will meet half of India’s disinvestments target in the current fiscal.
  • NHRC comes to the rescue of IOC employee's son
    New Delhi   17-Nov-2010
    • The National Human Rights Commission has come to the rescue of a minor son of an IndianOil employee at Haldia in West Bengal who has been missing from the company's hospital since 2004.
  • Jet fuel prices hiked by 5.5%
    New Delhi   17-Nov-2010
    • State-owned oil firms on Tuesday hiked jet fuel by 5.5% in sync with rise in global rates. Aviation turbine fuel rates in Delhi were hiked by Rs 2,327.54 to Rs 44,603.54 per kl, an official of IndianOil said. Tuesday's increase is the third hike in rates since October when international crude oil prices started firming up.
  • ONGC, IOC get ‘maharatna tag’
    New Delhi   17-Nov-2010
    • The government has empowered boards of state-run Oil & Natural Gas Corp (ONGC) and IndianOil (IOC) to invest up to Rs. 5,000 crore in a project without its approval on Tuesday by certifying them as ‘maharatna’ companies.
  • Hybrid CEO
    New Delhi   16-Nov-2010
    • Ranbir Singh Butola is probably the most recognisable Indian face at the bidding rounds for oil & gas blocks abroad. As managing director of ONGC Videsh Ltd (OVL), the job requires him to focus entirely on overseas acquisitions — something that not only means travelling extensively, but also manoeuvring the diplomatic maze.
  • IndianOil celebrates quality week
    New Delhi   16-Nov-2010
    • As a part of the quality week celebration, various workshops, events, programs are being organised by IndianOil.
  • Demand to shift pump gains momentum
    Yavatmal   16-Nov-2010
    • On Saturday, there was a sudden fire in Central Petrol pump of IndianOil in the vicinity of ST bus stand. One of the machines was gutted in the fire. Though it was brought under control in half-an-hour by the city fire tenders and a large-scale disaster was averted, but panic spread in the area.
  • IOC (Accumulate)
    New Delhi   16-Nov-2010
    • IOCL reported results which were above our estimates at EBIDTA and PAT Level, primarily due to inventory gain and issuance of oil bonds/Cash receivables during the quarter.
  • IOC net up 17-fold
    New Delhi   14-Nov-2010
    • State-owned IndianOil (IOC) today reported a 17-fold jump in net profit for the quarter ended September 30 on back of higher refinery margins and government subsidy support. Net profit in July-September stood at Rs 5,293.95 crore
  • Govt bailout helps IndianOil log Rs 5,294-cr profit in Q2
    New Delhi   14-Nov-2010
    • The compensation received from the Government for revenue loss incurred on account of selling petroleum products below market price has helped IndianOil increase net profit sharply for the second quarter of this fiscal.
  • IndianOil disinvestment may be delayed till March 2011
    Mumbai   15-Nov-2010
    • IndianOil disinvestment is likely to get delayed to March — and ONGC share sale pushed ahead of it — as the finance ministry is not releasing the promised Rs 13,000 crore to the oil marketing companies (OMCs) in the supplementary budget to be presented next week.
  • Petrol pump fire raises security concerns
    Nagpur   15-Nov-2010
    • The fire that broke out at a petrol pump near the ST bus stand here on Saturday afternoon has once again raised a question mark over the clear lack of compliance to safety norms at the fuel stations.
  • IndianOil observes Quality Week
    Kolkata   12-Nov-2010
    • World Quality Day is being celebrated on second Thursday of November across the world as a part of increasing general awareness towards the various quality standards and its importance. This year November 11, 2010 is being observed as World Quality Day and week starting November 8, 2010 is being observed as Quality Week.
  • IOC restarts Panipat naphtha cracker
    New Delhi   12-Nov-2010
    • The biggest state-managed refiner in India, IndianOil (IOC) will be operating its Panipat refinery at 300,000 barrels per day, within a period of 10 days, said Mr. BN Bankapur, the head of refineries at IOC.
  • IOC says shortage of cylinders to last for few days
    Chennai   12-Nov-2010
    • IndianOil on Thursday announced that it would take at least a few days to supply LPG cylinders to households because of "certain unavoidable operational and logistical constraints" mainly due to the heavy damage caused by cyclone Jal to roads leading to the LPG bottling plants.
  • Honours for sportspersons
    New Delhi   12-Nov-2010
    • IndianOil's sportstars who won medals at the CWG in Delhi, were felicitated and given cash prizes in the presence of Murli Deora, Union Minister for Petroleum & Natural Gas, Jitin Prasada, MoS for P&NG, S Sundareshan, Secretary, MoP&NG, Mr. B M Bansal, Chairman, IndianOil and R S Sharma, CMD, ONGC and President, PSPB. The CWG gold medal winners each were given a trophy and a cheque of Rs. 10 lakh.
  • IOC becomes No 1 refiner; beats RIL
    New Delhi   12-Nov-2010
    • Government-owned IndianOil (IOC) has surpassed Reliance Industries to regain its position as nation's biggest refiner after it completed expansion of its Panipat unit.
  • IOC beats Reliance to become nation's No.1 refiner
    New Delhi   12-Nov-2010
    • State-owned IndianOil (IOC) has surpassed Reliance Industries to regain its position as nation's biggest refiner after it completed expansion of its Panipat unit. "We have this week completed expansion of our Panipat refinery (in Haryana) to 15 million tonnes (from 12 million tonnes)," IOC director (Refineries) B N Bankapur said today.
  • Diesel pricing not linked to firms' stake sale: Montek
    New Delhi   12-Nov-2010
    • Plans to sell stake in India's top state-run energy firms are not linked to freeing up of diesel pricing, planning Commission deputy chairman Montek singh Ahluwalia said on Thursday. The government plans to sell stakes in IOC and ONGC ONGC in the last quarter of this fiscal year ending in March, a source directly involved in the stake sale programme, said.
  • Angry protests over LPG scarcity
    New Delhi   12-Nov-2010
    • The city and other smaller towns in the district are facing an acute shortage of cooking gas as well as drinking water. There are 21 cooking gas agencies in the city catering to over two lakh consumers. However, with the onset of winter, the waiting period for a cylinder has gone up to three weeks.
  • Mutual funds buy auto stocks, IOC & ONGC
    Mumbai   11-Nov-2010
    • Domestic mutual funds on Wednesday bought shares of Tata Motors, Mahindra & Mahindra, Hero Honda Motors, Maruti Suzuki, IndianOil, and Oil & Natural Gas Corp, among others, dealers said. A few were said to have sold shares of Bharti Airtel, Reliance Communications and Idea Cellular.
  • Sudhir Bhalla takes charge as Director (HR), IndianOil
    Mumbai   11-Nov-2010
    • Sudhir Bhalla has taken over as director (HR) of IndianOil. Prior to his elevation to the Board of directors, he was Executive Director (HR) of IndianOil's Refineries Division. He has over three decades of experience in HR at IndianOil and has handled the entire gamut of activities in the HR function.
  • PSPB Sportspersons felicitated for CWG honours
    New Delhi   11-Nov-2010
    • IndianOil’s sportstars who won medals at the Commonwealth Games (CWG) in Delhi, were felicitated and given cash prizes in the presence of Murli Deora, Union Minister for Petroleum & Natural Gas, Jitin Prasada, Minister of State for Petroleum & Natural Gas, S Sundareshan, Secretary, MoP&NG, BM Bansal, Chairman, IndianOil and RS Sharma, CMD, ONGC and President, Petroleum Sports Promotion Board (PSPB).
  • Singh team tees off best
    Dibrugarh   09-Nov-2010
    • PGTI member Ranjit Singh’s team, comprising amateurs J. Rakshit, R. Michael and Ritamoni Hazarika, won the Pro-Am event of the IndianOil <i><b>Xtra</b></i>Premium Masters Golf tournament at Digboi Golf Links with a ceremonial tee-off by S. Ghosh, the executive director of IndianOil.
  • IOC replies to Borbil incident
    Digboi   04-Nov-2010
    • “Effective Pollution control and Safety Management has always been on top priority in the history of the Oldest Oil Refinery of Digboi” stated Tarun Chandra Sharma the Chief Administrative Manager of IndianOil Digboi during an interaction with the media-persons held at the IOC (AOD) Administrative Complex here this evening.
  • IndianOil sells fuel oil cargoes
    New Delhi   09-Nov-2010
    • IndianOil sold three 180 centistoke (cst) fuel oil cargoes totalling 65,000 tonne for November loading after an absence of more than six months, traders said on Monday. Two cargoes, one for November 16-18 and another for November 22-24 lifting from Haldia, were sold to Mitsui at a discount of $12.00-$18.00 a tonne to Singapore spot quotes on a free-on-board (FOB) basis.
  • Refinery staff pledge to uphold work ethics
    Guwahati   06-Nov-2010
    • In line with observance all over the country, Vigilance Awareness period took off at Guwahati Refinery ceremoniously on October 25, a press release said.
  • IndianOil's WRPL Gauridad bids adieu to retiring officers
    Ahmedabad   05-Nov-2010
    • On 29th October, 2010, WRPL Gauridad bade farewell to Ved Bhushan, ES, and P C Makwana, HEO, on their retirement from IndianOil. Yogesh Chandra, GM (HR), presided over the function wherein gold coins and service certificates were handed over to them.
  • ONGC, GAIL among cos invited to bid under Solar Mission phase-I
    New Delhi   09-Nov-2010
    • ONGC, GAIL (India), SAIL, and IndianOil are among the companies which have been invited by NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC, to submit bids for developing solar projects under the first phase of the National Solar Mission.
  • IndianOil observes quality week
    Bhopal   08-Nov-2010
    • With an objective to create customer awareness for quality of petroleum products and their related services, IndianOil is observing "Quality Week" 2010 from November 8 to 12 November 2010.
  • Award hike for golf meet
    Dibrugarh   08-Nov-2010
    • The Aircel Professional Golf Tour of India is organising the Indian Oil Xtra Premium Masters Golf with an increase in cash prizes at the Digboi Golf Links from November 10 to 13.
  • Bongaigaon Refinery bags `Shreshtha Suraksha Puraskar'
    New Delhi   09-Nov-2010
    • Bongaigaon Refinery of IndianOil received the `Shreshtha Suraksha Puraskar' for manufacturing sector by NSIC recently. A certificate and a silver trophy were awarded to Bongaigaon Refinery in recognition for developing and implementing highly effective safety management systems and procedures and achieving outstanding performance in OSH for the assessment period of three years (2006-2008).
  • IOC hikes petrol prices by 32 paise per litre
    New Delhi   09-Nov-2010
    • State-owned IndianOil (IOC), the nation’s largest-fuel retailer, on Monday hiked petrol prices by Rs 0.32 a litre with effect from Monday midnight in line with rise in cost of crude.
  • New Director (HR) for IndianOil
    Mumbai   05-Nov-2010
    • Sudhir Bhalla has taken over as Director (HR) of IndianOil. Acknowledged widely for his 'People First, Business Follows' approach of mentoring people for leadership positions, he has driven several innovative schemes that have helped in preparing IndianOil for the next level.
  • R&D spend pays off
    New Delhi   08-Nov-2010
    • R&D spend by India’s PSUs grew slower last year compared to the year earlier. As a percentage of net sales, R&D expenditure of 26 major public sector undertakings showed a marginal improvement in the last three years. In 2009-10, the R& D to net sales ratio of these PSUs was 0.29, up from 0.19 in ’07-08.
  • ONGC beats China’s CNOOC to be Asia’s No. 1 oil and gas firm
    New Delhi   04-Nov-2010
    • Public Sector upstream giant ONGC has moved up eight steps to the 18th rank in the overall listing of global energy companies in Platts “ Top 250 Global Energy Company Ranking 2010”. Platts, a reputed energy research agency, carries out global rankings of Top 250 listed energy companies every year. These rankings were released in Singapore on Wednesday.
  • IndianOil gets new Director (HR)
    Mumbai   03-Nov-2010
    • Sudhir Bhalla has taken over as Director (HR) of IndianOil. Prior to his elevation to the Board of Directors, he was ED (HR) of IndianOil’s Refineries Division. With over three decades of experience, Bhalla has handled the entire gamut of activities in the HR function.
  • Slow decision to hurt IOC offer
    New Delhi   03-Nov-2010
    • The share sale of IndianOil, the next big-ticket disinvestment on the horizon, may be hurt by the government’s decision to free diesel prices gradually and not all at once, Planning Commission deputy chairman Dr Montek Singh Ahluwalia said on Tuesday.
  • Low fee won’t be enough to bag Rs 20k-cr IOC selloff account
    New Delhi   03-Nov-2010
    • Quoting rock-bottom charges will not guarantee banks the coveted mandate to handle the Rs 20,000 crore share sale of IndianOil, with the government deciding to pick up the winner based on factors such as the size of issues it has managed earlier.
  • HC issues notice to IOC over fire plea
    New Delhi   03-Nov-2010
    • The Rajasthan High Court issued notices to IndianOil, Petroleum Ministry and state authorities on a plea questioning the circumstances of death of two IOC engineers in a depot fire last year and the alleged delay in payment of ex-gratia to their families.
  • Vigilance Awareness period 2010 celebrated at IOC
    Lucknow   03-Nov-2010
    • The Vigilance awareness period began at IndianOil, at its UP state office at Lucknow on last Monday and ended on November 1. It was inaugurated by General Manager, BS Canth. The theme of the period was Generation of Awareness and Publicity against Corruption.
  • IOC’s plea dismissed
    New Delhi   03-Nov-2010
    • In a set back to state-owned IndianOil, the SC has upheld the Customs, Excise & Gold (Control) Appellate Tribunal's order that denied duty concession to its product-superior kerosene.
  • Sudhir Bhalla takes over as IOCL Director (HR)
    New Delhi   03-Nov-2010
    • Sudhir Bhalla has taken over as Director (HR) of IndianOil (IOCL). Prior to his elevation to the Board of Directors; he was ED (HR) of IndianOil's Refineries Division. He has over three decades of experience in HR at IndianOil and has handled the entire gamut of activities in the HR function.
  • Director (Finance), IndianOil releases Vigilance Newsletter
    New Delhi   02-Nov-2010
    • S.V. Narasimhan, IndianOil's Director (Finance), released the vigilance newsletter 'Vigil' on the occasion of the inauguration of the Vigilance Awareness Period at New Delhi. Also present on the occasion were R.K. Malhotra, Director (R&D); D.K. Samantaray, CVO, and Sudhir Bhalla, Executive Director (HR).
  • Top 5 picks of the day, reading the charts
    New Delhi   02-Nov-2010
    • The counter is showing signs of revival after a continuous downtrend. The technical oscillator RSI is giving a positive signal towards a rally. If the stock holds above its 50-DMA of Rs. 421, then we see a level of Rs. 460.
  • Chennai Petro to add 9 mt refining capacity
    New Delhi   02-Nov-2010
    • State-run refiner Chennai Petroleum Corp plans to add 9 million tonne of refining capacity at a cost Rs 9,000-10,000 crore ($2.04 billion to $2.26 billion), managing director K Balachandran said on Monday.
  • IOC kicks off process of follow-on offer
    New Delhi   02-Nov-2010
    • IndianOil on Monday formally kicked off the process of launching its follow-on public offer and invited bids from merchant bankers to manage its share sale programme, estimated to raise Rs 19,000 crore.
  • IOC: Creating energy for India
    New Delhi   31-Oct-2010
    • IndianOil (IOC) is India's flagship national oil company with business interests straddling the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas, and petrochemicals.
  • SBI ATM in IOC Noonmati complex
    Guwahati   28-Oct-2010
    • GC Daga, director (marketing), IndianOil on Tuesday inaugurated an ATM facility at the IndianOil retail outlet located at Noonmati in the presence of a large gathering of IndianOil people, dealers and general public.
  • Decomposed body recovered from IOCL pond
    Guwahati   26-Oct-2010
    • An unidentified decomposed body of a middle aged man was found floating in a pond, located in the heart of IndianOil (IOCL), AOD’s centenary park, yesterday. The police recovered the body and sent it for post mortem. A case was registered at Digboi police station. Investigation is on.
  • IOC set to sail into profit on FPO eve
    New Delhi   01-Nov-2010
    • IndianOil (IOC) is expected to announce a net profit of around Rs. 2,500 crore for the first half of the current financial year (April-September) with the finance ministry agreeing to release an additional Rs. 3,000 crore to the oil marketing companies as the government’s share of the fuel subsidy bill.
  • Irate oil tankers refuse to offload fuels at IOC depot
    Imphal   30-Oct-2010
    • Adding another problem to the persisting scarcity of petrol and diesel, oil tanker drivers today refused to offload fuel at the depot of the IndianOil at Chingmeirong to register a protest against the attitude of the depot manager towards the drivers.
  • ATF prices to be hiked by Rs. 299/kl in Delhi today
    New Delhi   01-Nov-2010
    • State-owned oil firms on Sunday hiked jet fuel prices marginally, in sync with a rise in global rates. Aviation turbine fuel (ATF) rates were hiked by Rs 299 per kilo-litre to Rs 42,235 per kl in Delhi, with effect from midnight tonight, said an official of IndianOil, the nation's largest fuel retailer.
  • Simpler subsidy maths to jazz up ONGC,IOC floats
    New Delhi   30-Oct-2010
    • India’s largest share sale—IndianOil’s (IOC) 19,000-crore issue—as well as Oil & Natural Gas Corp’s (ONGC) offering next year will get a shot in the arm as the government is preparing to make its ad hoc subsidy-sharing scheme more systematic and transparent, making the blue-chip energy firms more attractive for institutional investors.
  • The Private-PSU Slugfest
    New Delhi   29-Oct-2010
    • Mukesh Ambani-owned Reliance Industries (RIL) has for the first time toppled IndianOil (IOC), the long-time leader, to top the BW Real 500 ranking.
  • Year Of Super Chargers
    New Delhi   29-Oct-2010
    • We told you so. Last year, we had predicted that IndianOil’s (IOC) days at the top of BW Real 500 were numbered as runner up Reliance Industries (RIL) was fast catching up. Sure enough, this year, for the first time ever, a private sector firm has topped the list, as India’s largest private sector player consolidated the merger with Reliance Petroleum and revenues from the gas fields began pouring in.
  • Appointment (IndianOil)
    New Delhi   29-Oct-2010
    • Sudhir Bhalla has taken over as Director (HR) of IndianOil. Prior to his elevation to the Board of Directors, he was ED (HR) of IndianOil's Refineries Division. Bhalla has over three decades of experience in HR at IndianOil.
  • IndianOil FPO in Jan-Mar, says oil secy
    New Delhi   28-Oct-2010
    • The government plans to sell more of its stake in state-owned IndianOil and via follow-on public offers in January-March, petroleum and natural gas secretary S Sundareshan said.
  • Oil spray for pest control
    New Delhi   28-Oct-2010
    • The IndianOil has developed a biodegradable oil spray for pest control. The oil is effective in a variety of crops including cotton, pulses, grains, mustard, groundnut, sugarcane, potato, tea, grapes, mango and apple.
  • OVL, IOC, OIL to ink deal on Iran gas field
    New Delhi   27-Oct-2010
    • ONGC Videsh and its partners, IndianOil and Oil India, are likely to soon sign a contract to develop Farzad B gas field off the coast of Iran at an estimated investment of over $5 billion.
  • After RPG division, Goenka sons get separate HR heads
    New Delhi   26-Oct-2010
    • Barely two months after RPG group chairman & patriarch Rama Prasad Goenka segregated the ownership of various group companies between sons Harsh and Sanjiv, the Goenkas have decided to bifurcate the group HR leadership function by appointing separate HR heads for the businesses each son now owns and controls.
  • Fuel pipeline
    New Delhi   26-Oct-2010
    • The latest attempt made by Nepal Oil Corporation (NOC) to revive over a decade-old project to transport petroleum products to landlocked Nepal from India through a 41- kilometer pipeline is something encouraging.
  • NOC pushes to finalize pipeline project by 2010
    Kathmandu   25-Oct-2010
    • Nepal Oil Corporation (NOC) has geared up steps to finalize technicalities for the construction of the much touted 41-kilometer cross-border petroleum pipeline between Amlekhgunj and Raxaul by the end of this year.
  • Oil spill on Goa airport runway
    New Delhi   25-Oct-2010
    • A tanker carrying 6,000 litres of highly inflammable aviation turbine fuel turned turtle on the Goa airport runway, forcing its partial closure and affecting operations.
  • Air India, IndianOil enter final
    New Delhi   22-Oct-2010
    • Continuing their winning spree star studded Air India, Mumbai today thrashed the hopes of rivals ONGC, Delhi 2-1 in the first semi-finals of the 27th Indian Oil Servo Surjit Hockey tournament being held at Olympian Surjit Hockey stadium, Burlton Park Jalandhar.
  • IOC bags CAIRD Award
    New Delhi   22-Oct-2010
    • In recognition of its technological prowess and ability to deploy it for mass benefit, IndianOil's farmer friendly Agrospray Oil has won the prestigious CSIR award for Science & Technology innovations for Rural Development (CAIRD).
  • IOC - Q2 results postponed on Nov 13, 2010
    New Delhi   21-Oct-2010
    • With reference to the earlier announcement dated October 14, 2010 regarding Q2 results on Oct 29, 2010, IndianOil has now informed BSE that the meeting of the Board of Directors of the Company scheduled to be held on October 29, 2010
  • PM gives away Bhatnagar Prizes to 20 scientists
    New Delhi   20-Oct-2010
    • Prime Minister Manmohan Singh today gave away the coveted Shanti Swarup Bhatnagar Prize for 2009 and 2010 to 20 scientists for their achievement in the field of science and technology. For the first time in the 53-year-old history of the Prize, three awards were bagged by women scientists for the year 2010.
  • IndianOil weighing Gujarat refinery expansion
    Mumbai   20-Oct-2010
    • In order to meet the increasing domestic demand, IndianOil is considering expanding its Koyali refinery in Gujarat. The company has started a feasibility study for the increased capacity and will take a decision in the next three to four months.
  • Govt to kick off New Year with public offers of 3 navratnas
    New Delhi   20-Oct-2010
    • The government has reviewed its share sale line-up and the New Year will kick off with public offers by three blue chip navratna companies including Steel Authority of India Ltd (SAIL), IndianOil (IOC) and ONGC Ltd, although plans to divest stake in state owned MMTC Ltd and Rashtriya Ispat Nigam Ltd has been pushed to next fiscal.
  • IOC share sale process in few weeks
    New Delhi   20-Oct-2010
    • The Centre will start the process for appointing bankers for a share sale in IndianOil within a few weeks, Divestment Secretary Sumit Bose said on Tuesday. The government is targeting IOC share sale in coming March quarter.
  • IndianOil tweaks Paradip plan
    New Delhi   19-Oct-2010
    • Rising local demand for fuel has forced IndianOil (IOC) to shelve plans to export refined products from its Paradip refinery, which is being built at a cost of Rs 29,777 crore.
  • IOC's Gujarat refinery to process Cairn crude from November
    Mumbai   20-Oct-2010
    • IndianOil's Koyali Refinery at Gujarat will begin processing Cairn India's Mangala crude from November once the delayed coker unit is commissioned. The 3.7 million tonne (mt) a year delayed coker unit will help the refinery process any type of crude, including heavy crude.
  • IOC to commission Paradip refinery by 2012
    New Delhi   20-Oct-2010
    • Government-owned IndianOil (IOC) on Tuesday said its Rs 29,777-crore Paradip refinery in Orissa will be commissioned by March 2012 and will cater to domestic market rather than exports as previous thought, due to rise in fuel demand at home.
  • IOC, SAIL, ONGC stake sale in Jan-March: Bose
    New Delhi   19-Oct-2010
    • Confident that there's enough liquidity in the market to absorb one big public issue a month, the Indian government is planning to sell shares of three large public sector companies--IndianOil (IOC), Steel Authority of India Ltd (SAIL) and Oil and Natural Gas Corp. Ltd (ONGC)--between January and March, disinvestment secretary Sumit Bose said.
  • IndianOil may hit street in Jan with Rs 19,000-crore offer
    New Delhi   19-Oct-2010
    • State-run IndianOil (IOC) will start shortlisting merchant bankers next week for its public issue that is likely to raise about Rs 19,000 crore, making it the largest-ever equity offer in the country, three government officials and a company executive said.
  • Petrol deregulation helps halve OMCs' losses in Q2
    New Delhi   18-Oct-2010
    • Petrol price deregulation in June and a moderate fall in crude oil price since the beginning of the fiscal have helped fuel retailers IOC, HPCL and BPCL to reduce their losses from selling products below cost in the second quarter of this fiscal by nearly half, compared with the first quarter.
  • IOC raises petrol price by 72 paise a litre
    New delhi   16-Oct-2010
    • IndianOil (IOC), the nation's largest fuel retailer, today hiked petrol prices by 72 paise a litre effective midnight tonight. IOC sources said after the hike, petrol in Delhi would cost Rs 52.55 a litre, and the rate in other cities would vary depending on local taxes and levies.
  • IOC hunts for land to expand
    Vadodara   16-Oct-2010
    • The IndianOil's Gujarat Refinery has started a hunt for land for its expansion plans aimed at increasing production at its Koyali plant. The refining major is looking for land belonging to individuals and some Public Sector Undertakings in the close vicinity.
  • IOC losing Rs 75 cr a day on fuel sales
    New Delhi   16-Oct-2010
    • IndianOil's under-recovery on retail fuel sale is likely to be Rs 67 billion in Jul-Sep, chairman Mr. B M Bansal said on Friday.
  • IndianOil bags Award
    Mumbai   14-Oct-2010
    • IOCL has been conferred the prestigious 'Oil & Gas Manufacturing Supply Chain Excellence Award' for the third year in a row for its high degree of professionalism in maintaining the oil supply line through all possible modes across the length and breadth of the country.
  • IOC Don’s feat hailed
    Mumbai   14-Oct-2010
    • It was a day of ‘double delight’ for IndianOil (IOC). First, they got rescued from a disastrous 24-5 in their Times Shield opener against Akbar Travels by the blades of Ravikant Shukla (175) and skipper Wasim Jaffer (120) at the Police Gymkhana.
  • Govt plans to divest 10% in IOC, 5% in ONGC
    New Delhi   14-Oct-2010
    • The government is set to divest 10 per cent of its stake in IndianOil (IOC), and 5 per cent in Oil and Natural Gas Corporation (ONGC) next year, a senior official said today.
  • Chairman, IndianOil, in an exclusive interview with Purple Beret magazine
    New Delhi   13-Oct-2010
    • IndianOil is the largest commercial enterprise in India. It is India’s flagship national oil company with diverse business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas, and petrochemicals.
  • IOC may acquire 49% in NPCIL JV
    New Delhi   12-Oct-2010
    • IndianOil may acquire up to 49% stake in its proposed joint venture with Nuclear Power Corporation of India (NPCIL) as against the 26% holding announced earlier, says a senior NPCIL official.
  • Community kitchen inaugurated at Silchar
    Silchar   10-Oct-2010
    • This is for the first time that such kitchens have been commissioned in the Barak valley, where people can buy LPG on hourly basis of its use. Users will not have to bring their own oven, as it is being provided free of cost with LPG.
  • Supply Chain Excellence Award
    Mumbai   09-Oct-2010
    • IndianOil bagged the 'Oil & Gas Manufacturing Supply Chain Excellence Award' for the third year in a row for its high degree of professionalism. M Nene, Executive Director (Supplies), PK Das, DGM (Supply & Distribution), and R Nigam, CM (S&D), of IndianOil's Marketing HO, Mumbai, received the award at the function held in Mumbai recently.
  • MIAL strikes major land agreement with oil firms
    Mumbai   08-Oct-2010
    • In a huge boost to airport modernisation, Mumbai International Airport Limited (MIAL) has succeeded in unlocking land valued around Rs 275-crore to Rs 300-crore in and around airports' premises.
  • Article by IndianOil Chairman: "Green equilibrium - creating a low carbon economy
    New Delhi   08-Oct-2010
    • Where there is consumption, there is likely to be some waste. From a purely business perspective, no one would like waste. Businesses spend time and money to ensure that operations are efficient with the most optimum consumption of material resources and time. Therefore, building a low carbon global economy would be a natural progression for us.
  • IOC plans $2.5-billion share sale
    Ahmedabad   07-Oct-2010
    • IndianOil, the nation’s second-biggest refiner, plans to sell $2.5 billion of stock to lower debt and fund new plants, chairman Brij Mohan Bansal said. “We are in the process of appointing the lead managers and bankers,” Bansal said in an interview in New York. Government approval of the plan is expected soon and the company plans to sell shares in January, he said.
  • Oil marketing PSUs sign MoU with MIAL
    Mumbai   07-Oct-2010
    • The three oil marketing PSUs, IndianOil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, currently providing aviation fuelling services at the Mumbai airport, have joined hands with Mumbai International Airport Pvt. Ltd.
  • Quote from Chairman
    New Delhi   07-Oct-2010
    • We are in the process of appointing the lead managers and bankers. IndianOil is building a refinery in Orissa state with an annual processing capacity of 15 million tons. We plan to spend $10 billion on expansion.
  • IndianOil’s Refining capacity to be 80.70 MMT by 2012
    New Delhi   06-Oct-2010
    • India's leading fortune 500 Company IndianOil will raise its refining capacity to 80.70 by 2012. The company is further building up refining capacity by establishing a new refinery and capacity expansions.
  • IOC-CPCL merger still hangs fire
    New Delhi   06-Oct-2010
    • Five years after the government of India and the oil ministry had cleared the plans to merge standalone refineries with public sector oil market companies (OMCs), the proposed merger of the Chennai Petroleum Corporation Ltd (CPCL) and the IndianOil (IOC) has been hanging fire as National Iranian Oil Company (NIOC), which is a significant minority stakeholder in the company, has been refusing to bite the share swap bate offered by IOC in return for NIOC's stake in CPCL.
  • Jaipur fire brings insurance windfall for IOC
    Mumbai   05-Oct-2010
    • IndianOil, has settled an insurance claim of Rs 177 crore (Rs 17.7 million) with ICICI Lombard for the devastating fire at the Indian Oil depot in Jaipur in October last year.
  • National Safety Awards to Bongaigaon Refinery
    Guwahati   30-Sep-2010
    • Bongaigaon Refinery of IndianOil has been awarded two prestigious ‘National Safety Awards’ instituted by the Ministry of Labour and Employment, Government of India.
  • IndianOil bags Supply Chain Excellence Award for the third year in a row
    Mumbai   05-Oct-2010
    • India’s flagship petroleum major, IndianOil, has been conferred the prestigious 'Oil & Gas Manufacturing Supply Chain Excellence Award' for the third year in a row for its high degree of professionalism in maintaining the oil supply line through all possible modes across the length and breadth of the country 24x7, all 365 days.
  • Panipat Refinery gets Rajbhasha Award
    New Delhi   05-Oct-2010
    • Town Official Language Implementation Committee (TOLIC) under the aegis of Panipat Refinery has been awarded Indira Gandhi Rajbhasha Shield for the year 2008-09.
  • New scheme for LPG supply in city
    Jaipur   02-Oct-2010
    • LPG users in Jaipur and Jodhpur have a reason to be happy. An exclusive customer service initiative, 'Preferred time LPG delivery' will be launched for Indane customers in the two cities from October 4.
  • IndianOil bags Supply Chain Excellence Award
    Mumbai   04-Oct-2010
    • IndianOil has been conferred the 'Oil & Gas Manufacturing Supply Chain Excellence Award' for the third year in a row for its high degree of professionalism in maintaining the oil supply line through all possible modes across the length and breadth of the country 24x7, all 365 days.
  • No takers for LPG preferred time delivery scheme
    Bangalore   30-Sep-2010
    • The Preferred Time Delivery Scheme for LPG (domestic) cylinders was seen as a boon to working families, when it was launched by the public sector oil companies two-and-a-half months ago. If the statistics are to be considered, there are hardly any takers for the scheme in Bangalore.
  • MIAL, oilcos pact for integrated fuel facility
    New Delhi   01-Oct-2010
    • Mumbai International Airport (MIAL) has signed an MoU with three public sector oil companies to form a joint venture (JV) for the purpose of setting up an integrated aviation fuelling facility at Chhatrapati Shivaji International Airport (CSIA).
  • IndianOil’s Refineries bags Safety Awards
    Mumbai   30-Sep-2010
    • IndianOil’s Director (Refineries) B N Bankarjur (third from right) and Sudhlr Bhalla, ED (HR), Ref HQ with JP Guharay, ED, Mathura Refinery, G Bhanumurthy, ED, Guwahati Refinery and H. C Viswakarma, ED (Officiating), Bongaigaon Refinery after receiving the National Safety Awards from Union Minister of Labour & Employment Mallikarjun Kharge in New Delhi.
  • Steel maker PSL bags Rs. 565-cr order
    New Delhi   30-Sep-2010
    • Steel pipe manufacturer PSL today said it has won contracts worth Rs 565 crore including an order from IOC for supply of pipes to Paradip-Raipur-Ranchi project.
  • Hindi Week observed at Guwahati Refinery
    Guwahati   26-Sep-2010
    • To enhance the usage of Hindi as official language as part of Rajbhasha implementation, week long celebration of Hindi Week by Guwahati Refinery from September 14 to 22 was successfully concluded with a colourful manner on September 23 at Guwahati Refinery Training Centre, stated a press release.
  • Technology with ecology: IndianOil
    New Delhi   29-Sep-2010
    • Petroleum refining and environmental management - nothing could be more paradoxical, but recent trends defy this outlook whereby environmental protection has become one of the significant concerns of the petroleum industry in India
  • Deregulation of diesel
    New Delhi   28-Sep-2010
    • “We are definitely getting (a) positive response from ministry.
  • Kuwait keen to buy shares in IndianOil
    New Delhi   28-Sep-2010
    • Oil-rich Kuwait is keen on buying a stake in IndianOil (IOC) if the government decides to sell its shareholding through a strategic divestment, oil minister Sheikh Ahmad Al-Abdullah Al-Sabah said on Monday.
  • IndianOil’s 18th Art Exhibition
    New Delhi   27-Sep-2010
    • The 18th IndianOil Art Exhibition titled ‘Artists of Tomorrow’ showcasing the works of promising artists (painters, sculptors, potters, etc.) as well as established veterans was inaugurated by B.M. Bansal, Chairman, at the Corporation’s Marketing HO in Bandra, Mumbai.
  • Nine awarded Shanti Swarup Bhatnagar Prize
    New Delhi   27-Sep-2010
    • The prestigious Shanti Swarup Bhatnagar Prize 2010 that was announced on Sunday as part of the celebration of the foundation day of the Council of Scientific and Industrial Research, saw nine awardees, among which three are women who have won it for the first time.
  • Oil PSUS to the rescue of ailing Prasar Bharati
    New Delhi   25-Sep-2010
    • With advertisers hard to come by, oil PSUs have been roped in to bailout public broadcaster Doordarshan- the official telecaster of the 12-day Commonwealth Games.
  • Aban Offshore wants a play in Ennore LNG project
    New Delhi   25-Sep-2010
    • Aban Offshore, which once wanted to put up an LNG terminal project at Karaikal, Tamil Nadu, but later gave up the idea, now wants a play in IndianOil's Ennore LNG project.
  • CWG: Oil PSUs promise ads to Prasar Bharti
    New Delhi   25-Sep-2010
    • With advertisers hard to come by, oil PSUs have been roped in to bailout public broadcaster Doordarshan - the official telecaster of the 12-day Commonwealth Games.
  • IOC seeks govt nod for Rs. 11K cr reimbursement
    New Delhi   25-Sep-2010
    • IndianOil is banking on an “ in- principle” clearance from the finance ministry for the reimbursement of Rs. 11,000 crore due from the government to clean up its books and show a profit for the first half of the current financial year ( April- September).
  • National Award (IndianOil)
    New Delhi   24-Sep-2010
    • IndianOil's Director (Refineries) B N Bankapur (2nd from right) receives the National Award for Prevention of Pollution from Minister of Environment and Forests Jairam Ramesh at a function held on the occasion of the International Day for Preservation of Ozone Layer in New Delhi.
  • IndianOil holds 51st AGM
    New Delhi   24-Sep-2010
    • “IndianOil's projected investments of over Rs 47,000 crore in new and additional refining capacities, enhanced pipeline network and marketing touch points will ensure that the nation will always have secure and reliable energy resources for development,“
  • IndianOil in danger of losing invincible aura
    New Delhi   24-Sep-2010
    • It is still a force to reckon with in terms of refining capacity and market share. Yet, for the first time in its many decades of dominance, IndianOil seems to be losing its aura of invincibility.
  • IndianOil to set up Rs 90-crore LPG terminal at Paradeep
    Kolkata/Bhubaneswar   23-Sep-2010
    • IndianOil (IOCL), the country's largest oil marketing company, plans to invest Rs 90 crore in setting up of an LPG (Liquefied Petroleum Gas) terminal and a bottling plant at the site of its proposed refinery cum petrochemical complex, five km south of Paradeep.
  • IOC eyes mega revenue from petrochem biz
    New Delhi   23-Sep-2010
    • IndianOIL (IOC) expects to double its revenue from its petrochemicals business to Rs 6,000 crore in the current fiscal and then push it up to Rs 15,000 crore next year, as the company has identified this value- added segment “as a prime driver of future growth”.
  • IOC bets big on petrochem business
    New Delhi   23-Sep-2010
    • IndianOil (IOC) on Wednesday announced that its turnover from the petrochemical business was expected to more than double to Rs.15, 000 crore next fiscal.
  • IndianOil launches ‘PROPEL’ petrochemical products
    New Delhi   23-Sep-2010
    • IndianOil, the leader in the downstream petroleum business, launched it’s ‘PROPEL’ range of petrochemical products here on Wednesday, after successfully completing its world scale petrochemical projects in record time.
  • Oil PSU floats on track
    Kolkata   22-Sep-2010
    • The divestment in state- owned energy majors IndianOil and Oil and Natural Gas Corporation and logistics firm Shipping Corporation of India are likely to come up before the cabinet this week.
  • Decontrol to fuel competition between petrol companies
    New Delhi   21-Sep-2010
    • Decontrol of petrol pricing may finally help the consumer to be king, with retail outlets heading for a price battle. The consumer will now be able to choose from the dominant players, based on the best rate.
  • IndianOil’s ‘Artists of Tomorrow’ opened
    Mumbai   22-Sep-2010
    • The 18th IndianOil Art Exhibition ‘Artists of Tomorrow’ showcasing the works of promising artists was inaugurated by Chairman B M Bansal at the IOC’s office at Bandra. The exhibition will be open for public till Saturday from 11 am to 7 pm at IndianOil Bhavan
  • IOC: All pumped up
    New Delhi   22-Sep-2010
    • After the Empowered Group of Ministers (EGoM) decided to decontrol petrol prices in June, IndianOil (IOC) has been taking baby steps in the direction of free pricing. Recently, it increased prices by 27 paise a litre.
  • IOC expects Centre help for losses
    New Delhi   22-Sep-2010
    • IndianOil, expects to receive government compensation for the April-September, due to on revenue losses incurred on sale of automobile and cooking fuels at subsidised rates in the next 15-20 days, said the chairman and MD, Mr B.M. Bansal, on Tuesday.
  • IOC expects subsidy letter in 15-20 days
    Mumbai   22-Sep-2010
    • State-owned oil retailer IndianOil (IOC), which raised petrol prices by 28 paise per litre effective Tuesday, will review the prices after 15-20 days, BM Bansal, chairman and director - planning & business development, said after the company’s 51st annual general meeting.
  • IOC earmarks $1 billion for overseas buys
    New Delhi   22-Sep-2010
    • India’s largest state-run oil marketing company, IndianOil (IOC), is earmarking $1 billion (Rs 4,570 crore) for overseas acquisitions in the exploration and production sector, which could include shale gas assets in the US.
  • Govt to be main beneficiary of the soaring market
    New Delhi   22-Sep-2010
    • The government will reap the maximum benefit out of the present bull-run in capital markets. In all probability, it would mop up over Rs 60,000 crore through equity sale in half a dozen bluechip oil, power and metal PSUs.
  • IOC to put Rs 961 cr in nuclear plant JV
    Mumbai   22-Sep-2010
    • State-run IndianOil will invest Rs 961 crore in India's first joint venture nuclear power plant for a 26 per cent stake, chairman BM Bansal said.
  • IOC to invest Rs. 47,000 cr this yr
    Mumbai   21-Sep-2010
    • State-run IndianOil (IOC) will invest Rs 47,000 crore in 2010-11 in creating more refining capacity, pipeline network, marketing infrastructure and raising quality, said B M Bansal, chairman, said at its 51st annual general meeting here today.
  • National Award for IndianOil’s Refinery
    New Delhi   21-Sep-2010
    • IndianOil’s Director (Refineries) B N Bankapur (2nd from right) receives the National Award for Prevention of Pollution from Minister of Environment and Forests, Jairam Ramesh at a function
  • IOC refinery wins national award
    New Delhi   21-Sep-2010
    • IndianOil's Bongaigaon Refinery won the "National Award for Prevention of Pollution" from the Ministry of Environment and Forests.
  • IOC hikes oil price by 27 p/litre
    New Delhi   21-Sep-2010
    • State-owned IndianOil from Monday raised petrol price by Rs 0.27 a litre effective midnight tonight, while other public sector firms are likely to follow suit in the next couple of days.
  • Deregulate diesel before FPOs: IOC
    New Delhi   21-Sep-2010
    • State-owned IndianOil (IOC) wants diesel prices to be freed from government control before its twin follow-on public offers (FPOs), chairman B.M. Bansal said on Monday.
  • Stream sharing aids margins
    New Delhi   20-Sep-2010
    • IndianOil’s (IOC) fuel retailing may still be a loss-making business because of the continuing under-recovery on diesel sales. However, margins in its refining operations remain robust despite adverse market conditions. This is because of the out-of-the-box approach adopted by the company to manage its operating costs.
  • LPG most polluting? Experts disagree
    New Delhi   20-Sep-2010
    • A government claim that the source of the Capital’s deadliest pollutant Particulate Matter 2.5 is liquid petroleum gas (LPG) in homes and not vehicles has miffed experts who term it as an attempt to give the transport sector a clean chit for air pollution.
  • Top Mumbai cos pay 5% more advance tax in Q2
    New Delhi   19-Sep-2010
    • Advance tax payments made by the top Mumbai-based companies have shown a marginal increase of five per cent for the September quarter. This, observers say, reflects a sense of uncertainty in economic growth. Mumbai circle accounts for nearly 45 per cent of annual corporate tax collections.
  • BHEL secures major orders
    New Delhi   18-Sep-2010
    • Breaking the myth that the company was piggy bank ridding on the back of orders from public sector undertakings (PSUs), Bharat Heavy Electricals Ltd. (BHEL) on Friday said it had secured 90 per cent of the Rs.59,037-crore orders from clients in the private sector.
  • IndianOil bags India Pride Award
    New Delhi   17-Sep-2010
    • IndianOil was chosen as the Best Service Brand in the India Pride awards. The award was presented by the Union Finance Minister, Pranab Mukherjee to IndianOil Chairman B.M. Bansal.
  • India Pride award presented
    New Delhi   17-Sep-2010
    • In recognition of its customer-centric approach, IndianOil was chosen as the 'Best Service Brand' in the India Pride Awards 2010 organised by a national daily.
  • India Pride Award to IndianOil
    New Delhi   17-Sep-2010
    • Union Finance Minister Pranab Mukherjee presents the India Pride Award to IndianOil Chairman B M Bansal. IndianOil was chosen as the Best Service Brand.
  • IOC awarded
    Kolkata   16-Sep-2010
    • In a recognition of its customer-centric approach, IndianOil was chosen as the Best Service Brand in the tightly-contested India Pride awards.
  • Best Service Brand Award to IndianOil
    Mumbai   16-Sep-2010
    • B.M. Bansal, CMD, IOCL, receiving the Gold Award in the Best Service Brand in PSU's category from Pranab Mukherjee, Finance Minister.
  • IOC set to revive expansion plans on issue proceeds
    New Delhi   16-Sep-2010
    • IndianOil (IOC), the country’s biggest oil marketing company, plans to use the public offer funds for expansions of its petrochemical and LNG business that were put on hold due to fund crunch.
  • IndianOil chosen as the Best Service Brand
    New Delhi   16-Sep-2010
    • In recognition of its customer-centric approach, IndianOil was chosen as the Best Service Brand in the tightly-contested India Pride awards.
  • Oil spill contamination way above permissible limit: TERI
    Mumbai   15-Sep-2010
    • The extent of oil contamination along Mumbai’s coast caused by the recent oil spill is far above permissible limits, according to the first development report on the oil spill conducted by The Energy and Resources Institute (TERI).
  • Achieving the next level of growth: Special Feature
    New Delhi   14-Sep-2010
    • If India's flagship national oil company could speak, it would perhaps introduce itself as "My name is Indian Oil Corporation Limited, I am over 50, my business interests straddle the entire hydrocarbon value chain and I am aspiring to be the Energy of India..."
  • Almost all state oil cos may tell job aspirants to take entry GATE
    New Delhi   14-Sep-2010
    • Taking cue from IndianOil, other public sector oil companies, barring Oil and Natural Gas Corporation (ONGC), are looking at hiring engineers for entry-level positions on the basis of the Graduate Aptitude Test in Engineering (GATE) scores.
  • Free LPG to the BPL families
    New Delhi   14-Sep-2010
    • Jitin Prasada, Minister of State for Petroleum and Natural Gas (MOP&NG) distributed LPG connections and handed over the related documents and equipments to families living below the poverty line, at a function
  • Indian Oil Day at Noida
    New Delhi   14-Sep-2010
    • IndianOil Day was observed at the head office of pipelines division in Noida.
  • IndianOil steps up operations at Leh
    Leh   13-Sep-2010
    • Operations at IndianOil's LPG bottling plant, situated about 10 km from Leh town on the Leh-Kargil highway, are being maintained against all possible odds
  • Getting LPG- cylinder is no easy task?
    Lucknow   08-Sep-2010
    • A,Jmost a week ago, Amita Ranjan, a homemaker from Aligaig, booked a cylinder with a gas agency 1 lowever, she has still not received the some, which is causing her much trouble in managing things at her place.
  • IndianOil Day observed in Digboi
    Kolkata   11-Sep-2010
    • IndianOil Day is observed every year on September 1, across all IndianOil units in the country. This was the day in 1964 when two companies, i.e. Indian Refineries Limited and IndianOil were merged to form IndianOil, which is today one of the leading energy companies not only in the country, but across the
  • Govt mulls mandatory 2% investment in CSR
    New Delhi   11-Sep-2010
    • The government is considering to make it mandatory for all companies to invest 2% of their net profit in corporate social responsibility (CSR).
  • US, EU sanctions on Iran put oil PSUs' Farsi gas field plan in a limbo
    New Delhi   10-Sep-2010
    • Recently imposed stringent US and EU sanctions against Iran have jeopardised the $8-billion plan of three Indian state-run oil companies to jointly develop the Farsi gas field, as their consortium is finding it difficult to access technology and funding to execute the project.
  • IOC prevails over India Cements in final
    New Delhi   09-Sep-2010
    • IndianOil pulled off an exciting three-run win over India Cements in the final of the Airtel Rajsingh Dungarpur Corporate Trophy at the ACA-VDCA stadium here on Wednesday. IOC made 268 for six in 50 overs and bowled out India Cements for 265.
  • Bongaigaon Refinery celebrates IndianOil Day
    Guwahati   04-Sep-2010
    • Along with the rest of the IndianOil fraternity, Bongaigaon Refinery of IndianOil celebrated the IndianOil Day on 1 September, 2010 with zeal and enthusiasm. A host of activities were carried out to mark the occasion.
  • Equity sale will slash debt: IOC
    New Delhi   07-Sep-2010
    • The IndianOil has indicated that the government’s plan to dilute 10 per cent stake will help the company reduce debt and execute the planned Rs 50,000 crore worth of projects without much of hassle over the next five years.
  • IOC shuts half of Panipat refinery
    New Delhi   07-Sep-2010
    • IndianOil shut a 120,000 barrel per day crude unit at its Panipat refinery late on Sunday for 45 days to boost capacity 25 per cent, its head of refineries BN Bankapur said.
  • IndianOil keen to set up petrochem complex in Oman
    New Delhi   07-Sep-2010
    • The public sector IndianOil (IOC) has expressed interest to explore the feasibility of setting up a petrochemical complex in Oman, Government sources said. Such a gas processing/gas-based petrochemical complex of IOC would be based on rich gas available in Oman, they said.
  • IOC to rope in partner for LNG project
    New Delhi   07-Sep-2010
    • IndianOil plans to rope in a strategic investor for the liquefied natural gas terminal that it proposes to put up north of Chennai.
  • IOC against frequent changes in petrol price
    New Delhi   07-Sep-2010
    • IndianOil (IOC) would not like the petrol price to be changed frequently unless there are major fluctuations in crude prices, according to its Chairman B.M. Bansal.
  • IndianOil refining capacity to rise
    Mumbai   06-Sep-2010
    • IndianOil will raise its refining capacity to 80.70 MMT by 2012. The company is further building up refining capacity by establishing a new refinery and capacity expansions.
  • Assam Oil Division marks IndianOil Day
    Guwahati   02-Sep-2010
    • All the employees of the Assam Oil Division, Digboi, were administered the IndianOil Pledge today on the occasion of IndianOil Day.
  • IndianOil Day celebrated
    New Delhi   04-Sep-2010
    • IndianOil Day was celebrated with gusto across India. Held in the capital, the celebrations were led by Chairman, IndianOil, B.M. Bansal and functional directors in the presence of Minister of State of Petroleum and Natural Gas, Jitin Prasada; Secretary, Ministry of Petroleum and Natural Gas, S. Sundareshan.
  • IOC qualifies despite losing thriller
    New Delhi   04-Sep-2010
    • IndianOil (IOC) qualified for the semifinals of the Airtel Rajsingh Dungarpur Corporate Trophy despite losing a thriller to Bharat Petroleum Corporation Limited (BPCL) here at the M.A. Chidambaram Stadium on Friday.
  • IOC refining capacity to be 80.70 MMT by 2012
    New Delhi   04-Sep-2010
    • IndianOil will raise its refining capacity to 80.70 by 2012. The company is further building up refining capacity by establishing a new refinery and capacity expansions.
  • Dip in crude prices pares oil PSUs’ loss
    New Delhi   04-Sep-2010
    • With crude oil prices in the international markets coming down in the last fortnight to around $ 72- a- barrel, the projected under- recoveries of the public sector oil companies for this financial year have been scaled down to ` 50,000 crore.
  • IOC embarks on expansion plan
    New Delhi   04-Sep-2010
    • IndianOil has embarked on a major expansion plan to raise its refining capacity to 80.70 million tonnes by 2012, Director (Refineries) B. N. Banakpur said here on Friday.
  • Health camp for tank truck crew held
    Patna   02-Sep-2010
    • As many as 200 tank truck crew comprising drivers and helpers had their health check-up at a camp organised jointly by Indian Red Cross Society ( Patna) and IndianOil (marketing division), Sipara (Patna) on Wednesday.
  • Rahane powers IOC to victory
    New Delhi   02-Sep-2010
    • Ajinkya Rahane (105) powered IndianOil (IOC) to a six-wicket win over Tata Sports Club in a Group 'B' match of the Airtel Rajsingh Dungarpur Corporate Trophy tournament here on Wednesday.
  • Centre to select new chiefs for ONGC, BPCL and IOC
    New Delhi   03-Sep-2010
    • The government will soon set in motion the process for selecting new chairmen and managing directors for Oil and Natural Gas Corporation (ONGC) and IndianOil (IOC), whose heads are scheduled to retire early next year.
  • Petrochemical hub coming up in Panipat
    New Delhi   03-Sep-2010
    • The Haryana Government is developing a petrochemical hub in Panipat for the downstream industries of the Panipat Refinery to generate large scale employment opportunities, Chief Secretary Urvashi Gulati said here.
  • IOC to raise capacity to 80.70 MT
    New Delhi   03-Sep-2010
    • State-owned IndianOil will raise its refining capacity to 80.70 million tonnes by 2012, director (refineries) BN Banakpur said on Thursday.
  • IOC gets tourism discounts
    Chennai   02-Sep-2010
    • The Tamil Nadu Tourism Development Corporation's (TTDC) largesse in extending special concession on its tours and hotel tariff for senior citizens and women is now being extended to cover IndianOil's (IOC) xtrareward cardholders.
  • Murli Deora agrees to 10% divestment of IndianOil, 5% of ONGC
    New Delhi   01-Sep-2010
    • Bowing to the national need, the Petroleum Ministry has agreed to Finance Ministry’s proposal to include IndianOil and Oil & Natural Gas Corp in the list of public sector undertakings (PSUs) slated for disinvestment this financial year.
  • Workshop on Totalizer Sealing by IOC
    Jammu   27-Aug-2010
    • A workshop on Totalizer Sealing was organized by IndianOil, Jammu in association with Legal Metrology Department, Jammu here today.
  • Stock buzz
    New Delhi   30-Aug-2010
    • IOCL has a low return on its assets due to government regulations. In case the government implements its plans to give subsidy directly to the users, the oil marketing companies will not be required to subsidise the fuels.
  • Auto LPG demand up but space constraint an issue
    New Delhi   30-Aug-2010
    • The national oil companies are caught in a Catch- 22 situation over the marketing of auto LPG in big cities as demand for the green fuel is growing but they do not have enough space to set up fuelling facilities.
  • Firms waiting in the wings
    New Delhi   28-Aug-2010
    • With Indian lawmakers passing the Civil Liability for Nuclear Damage Bill last week, the country's nuclear power sector is likely to take off.
  • Navy sailors and students volunteer for spill clean-up II
    Mumbai   29-Aug-2010
    • The second phase of clean-up operations post oil spill at Navy Nagar, INS Kunjali was successfully conducted on Saturday by The Energy and Resource Institute (Teri) along with the active co-operation of IndianOil (IOCL), the Indian Navy and officials from Maharashtra Pollution Control Board (MPCB).
  • Gas agency told to restore supply
    Ludhiana   27-Aug-2010
    • In a major relief to Gurdwara Singh Sabha situated in New Model Town in the city, the District Consumer Forum has directed the IndianOil (IOC) and Kehar Gas Services
  • Petro ministry programme at hospitals runs into trouble
    Lucknow   28-Aug-2010
    • Five months after the state government did not allow Congress president Sonia Gandhi to inaugurate a bridge in her constituency Rae Bareli, the launch of a "Common LPG Kitchen" scheme of the Union Petroleum Ministry in two city hospitals has run into controversy.
  • Companies spent 20% more on employees last quarter
    New Delhi   30-Aug-2010
    • Public Sector undertakings saw a significant rise in their staff spend in the first quarter this year. Their employee expenditure grew 20.6% during April-June 2010 against a 12.2% dip during April-June 2009.
  • Oil tanker owners suspend strike partially
    New Delhi   27-Aug-2010
    • Even as people in the winter capital and its suburbs queued up at various filling stations, the Jammu and Kashmir Oil Tanker Owners Association partially suspended its strike resuming the supply across Jammu city after holding a meeting with Divisional Commissioner Pawan Kotwal today.
  • IOCL starts Bioremediation of Mumbai oil spill
    Mumbai   26-Aug-2010
    • IndianOil offered its services to Maharashtra government for cleanup the oil spill that occurred on August 7, 2010 at the coast of Mumbai due to collision between two vessels MSC Chitra and Khalija.
  • MTC starts groundwork for rolling out CNG buses
    Chennai   26-Aug-2010
    • The Metropolitan Transport Corporation (MTC) seems to have taken a determined step forward to convert all its diesel-operated buses into compressed natural gas (CNG)-run vehicles to reduce their emission-levels and operational cost.
  • IOC’s DHDT project delayed
    Kolkata   25-Aug-2010
    • For IndianOil (IOC), things seem to be going the other way at its diesel hydrotreatment project (DHDT) in the Bongaigaon refinery.
  • Algeria invites Indian cos for gas pipeline project
    Guwahati   23-Aug-2010
    • Oil-rich Algeria, the second largest country in Africa, has invited Indian companies to participate in a $10-billion project to build an ambitious trans-Saharan gas pipeline originating from Nigeria via neigbouring Niger.
  • Biennial conference of IOC (AOD) Labour Union concludes
    Guwahati   20-Aug-2010
    • The biennial general conference-cum-general election of INTUC, affiliated by Assam Oil Company Labour Union (AOCLU) of Digboi, for the session 2010-2012 concluded this morning at the AOC Labour Union auditorium at Charali Bazar in Digboi.
  • AIMA-IndianOil Award conferred
    New Delhi   24-Aug-2010
    • The first in the series of the AIMA-IndianOil Awards, instituted jointly by IndianOil and AIMA to recognize and award the best motivational practice was presented in the capital recently.
  • OMC stocks rise on fuel price hike reports
    New Delhi   24-Aug-2010
    • The shares of the three state-run oil marketing companies — IndianOil (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) — rose on the back of the Rs 14,000 crore subsidy payout to them for the June 2010 quarter.
  • IOC Panipat refinery to expand cap
    New Delhi   24-Aug-2010
    • IndianOil (IOC), India's largest state-owned oil refining cum-marketing company, will expand capacity of its Panipat refinery to 15 million
  • IndianOil, Oil India in talks with Essar to buy 20% each in Myanmar gas block
    New Delhi   24-Aug-2010
    • State-owned oil companies IndianOil and Oil India are in talks with the Mumbai-based Essar Group to pick up 20% each in a gas block in Myanmar that is estimated to have even bigger reserves than Reliance Industries’ KG-D6 fields as they seek to gain access to oil & gas assets across the world.
  • The whistleblowers
    New Delhi   23-Aug-2010
    • The Union Cabinet's recent decision to legalise protection to those who help unearth instances of corruption, hopefully, will go a long way in cleansing our governing system.
  • Reservation for Indian lines to carry crude likely
    Mumbai   21-Aug-2010
    • The shipping ministry is likely to give some reservation to Indian shipping lines to carry crude for public sector oil companies. It would also enable Indian ship owners acquire more vessels.
  • Common LPG kitchen facility at Adabari
    Guwahati   22-Aug-2010
    • A common LPG kitchen was inaugurated at Ananda Nagar in the Adabari area of the city by AC Sarma, Deputy General Manager (LPG), IndianOil.
  • Car has engine problems? Blame it on adulterated fuel
    Hyderabad   23-Aug-2010
    • Automobile users in the city are battling a serious problem these days - adulteration of fuel. With an increased number of petrol pumps in Hyderabad dispensing 'unfit' oil, consumers complain that vehicles are now faced
  • Permanent subsidy-sharing formula unlikely before ONGC, IOC selloff
    New Delhi   23-Aug-2010
    • The government is expected to take a call by November on how much subsidy it would give to oil firms this fiscal — well ahead of its proposed share sales in ONGC and IOC — but a permanent formula to share the burden of selling cheap fuel is unlikely to be adopted any time soon.
  • Bacterial cocktail to eat up oil slick on the west coast
    New Delhi   23-Aug-2010
    • A massive operation to clean up the oil pollution on the west coast caused by the collision of two shipping vessels began on last Friday. Scientists from IndianOil (IOC) are using a cocktail of microbes that eat up oil content in soil to clean up the mess.
  • Risk-managing oil prices
    New Delhi   21-Aug-2010
    • Managing oil prices without subsidies is no job for the faint hearted. President Obama recently renewed his failed budget pledge of last year to remove $36 billion tax breaks given to oil companies, in face of widespread protest by the industry. In Europe the subsidies to energy producers as free issue of sellable carbon permits are in addition to several other tax breaks given for North Sea exploration and downstream refining industries.
  • PSUs back out of CWG commitments
    New Delhi   20-Aug-2010
    • Government-owned oil and gas companies, the most favoured milch cows for funding public events, have decided to refrain from sponsoring the Common wealth Games despite incentives given by the Ministry of Heavy Industries & Public Enterprise to public sector units to use CSR funds and earn performance-related pay (PRP).
  • ONGC, IOC may face US sanctions
    New Delhi   20-Aug-2010
    • The US had named 41 companies, including state-owned Oil and Natural Gas Corporation Ltd and IndianOil, that might attract sanctions for investment in Iran's energy sector, Minister of State for Petroleum Jitin Prasada
  • Diesel pilferage racket busted in U.P.
    New Delhi   20-Aug-2010
    • The Special Task Force of Uttar Pradesh Police on Thursday busted a flourishing racket in pilferage of diesel meant for the Engine Oil Loco shed at Kasganj in Kanshi Ram Nagar district.
  • No hike, for now
    Mumbai   19-Aug-2010
    • A week of Opposition-led products in parliament over price rise was enough for the UPA government to change its back.
  • IndianOil steps up operations at Leh
    New Delhi   19-Aug-2010
    • In the aftermath of the cloud-burst that has devastated the town of Leh and its surrounding villages, bringing untold misery to the local residents as well as tourists
  • Essar, IOC bid for Shell outlets, BPCL in talks
    New Delhi   19-Aug-2010
    • Essar Oil and state-run IndianOil (IOC) have bid for around five and 10 of Shell India’s retail outlets, respectively. Bharat Petroleum Corporation Ltd (BPCL) is negotiating to bid for nine outlets.
  • IndianOil unveils dream petrochem plan
    Hyderabad   17-Aug-2010
    • Strongly driven by the highest ever sales of petroleum products and boosted by an increasing contribution from its petrochemicals and gas businesses, the nation’s largest corporate
  • IOC exercise affected
    Kolkata   14-Aug-2010
    • The IndianOil's advance winter stocking exercise of petroleum products aimed at maintaining steady supplies to the security forces deployed at high altitude areas of Jammu & Kashmir
  • IndianOil steps up operations at Leh
    New Delhi   17-Aug-2010
    • In the aftermath of the cloud-burst that devastated the town of Leh and its surrounding villages, bringing untold misery to the local residents as well as tourists, the IndianOil team stationed in the region is working with the Defence and civilian authorities in the rescue and relief operations from the midnight on August 5, 2010.
  • IndianOil giving LPG cylinder on credit-basis in Leh
    Jammu   13-Aug-2010
    • Even as defence and civilian authorities are working round the clock on relief measures in Leh following the cloudburst, PSU IndianOil is doing its bit by providing cooking gas on credit-basis to affected persons.
  • Ships collision was a ‘freak accident’, says Jairam Ramesh
    Mumbai   15-Aug-2010
    • The state environment department, along with the Maharashtra Pollution Control Board (MPCB), have sought legal consultation to claim damages from the two shipping companies whose vessels collided, causing an oil spill off the Mumbai coast, Union Environment minister Jairam Ramesh said at a media briefing in the city Saturday.
  • Let truth prevail
    Bangalore   13-Aug-2010
    • The union cabinet’s decision to enact a law to protect whistleblowers from adverse consequences of their actions is welcome, though it is long delayed. It is likely to be introduced in the current session of parliament as Public Interest Disclosure (Protection of Informers) bill, and passed, as no party can openly oppose its intent or provisions.
  • IOC to add 50 low-cost retail outlets in rural AP
    Hyderabad   11-Aug-2010
    • IndianOil (IOC) will set up 50 more low-cost retail outlets in the rural areas of Andhra Pradesh during the current year under the Kisan Seva Kendra scheme, according to Mr . S.V. Narasimhan, Director (Finance).
  • IndianOil-TERI bio-remedy to contain oil spill
    Mumbai   13-Aug-2010
    • The IndianOil's Research and Development Centre and The Energy and Resources Institute (TERI) have jointly developed an indigenous bio- remediation technology for speedy and effective disposal of oil sludge and spills and have offered this bio- remediation technology for containing the oil spillage off Mumbai coast.
  • 24 PSUs short of Independent directors
    New Delhi   13-Aug-2010
    • Twenty four of the totals 47 listed Central Public Sector Enterprise (CPSEs) did not have required number of independent directors, as on March 31, 2010, the Lok Sabha was informed on Thursday.
  • IOC steps up operations at Leh
    New Delhi   13-Aug-2010
    • In the aftermath of the cloud-burst, the IOC is the only petroleum company to have established its infrastructure in this inhospitable terrain and operating since the 1970s.
  • OVL revising $5-bn Iran bid
    New Delhi   13-Aug-2010
    • ONGC Videsh Ltd and its partners, IndianOil and Oil India, will this month submit a revised plan for producing natural gas from a massive discovery off the coast of Iran, after Tehran insisted on changes in the original $5 billion investment plan.
  • IndianOil gives LPG on credit
    New Delhi   13-Aug-2010
    • Even as defence and civilian authorities are working round the clock on relief measures in Leh
  • IOC to spend Rs 2,000 cr on alternative energy
    New Delhi   12-Aug-2010
    • Country’s largest oil-marketing company, IndianOil (IOC), will spend Rs 2,000 crore in next five years to develop power projects based on alternative sources of energy like tides, solar, nuclear and wind.
  • Hyderabad: Choose time for LPG refills
    New Delhi   12-Aug-2010
    • IndianOil (IOC) Wednesday launched India's "preferred time LPG delivery" facility for 11 lakh customers in Hyderabad and Secunderabad.
  • After spill, red tape & rough sea
    Kolkata   11-Aug-2010
    • Microbiologist Banwari Lal is waiting to help clean up the oil spill threatening the marine environment and the shores of Mumbai with a cocktail of oil-eating bacteria — but he has no invitation yet.
  • Digboi has a rosy future
    New Delhi   11-Aug-2010
    • The Digboi Refinery, commissioned in 1901, is India's oldest operating refinery and one of the oldest operating refineries in the world. Can you please tell us about the modernisation plans for the refinery?
  • SC to hear Manjunath murder case
    New Delhi   11-Aug-2010
    • The legal battle to punish the killers of IndianOil sales manager S. Manjunath has reached the Supreme Court with three of the six convicts challenging the December 11, 2009 verdict of the Allahabad HC holding them guilty of his murder.
  • Oil majors' stake sale likely to fetch Rs 24,000 cr
    New Delhi   11-Aug-2010
    • If ONGC and IndianOil's stake sale come through this fiscal, the Government would have raised about Rs 24,000 crore in less than 12 months by offloading equity in companies under the Ministry of Petroleum and Natural Gas.
  • Rajasthan to pick up stake in Barmer refinery
    New Delhi   11-Aug-2010
    • In what could give a new lease of life to the project, the Rajasthan Government has agreed to pick up 26 per cent stake in the proposed Barmer refinery to be set up by Oil and Natural Gas Corporation (ONGC).
  • 21-day gap for LPG booking goes
    Chennai   11-Aug-2010
    • Oil marketing companies have instructed their cooking gas distributors not to insist on a minimum period for booking the refill cylinder or on maintaining a three-week gap between two deliveries.
  • Oil theft scam busted
    Ahmedabad   11-Aug-2010
    • State director general of police's vigilance squad officials busted an oil theft scam and nabbed five persons from near IndianOil depot at Chandkheda on Tuesday morning.
  • HC tells police to hold chargesheet in IOC fire case
    Jaipur   07-Aug-2010
    • The Rajasthan high court has directed the city police to holdback filing a chargesheet against the accused officials who were arrested for allegedly being responsible for the inferno at the IndianOil (IOC) terminal in Sitapura last year.
  • 25 drivers, cleaners beaten up; 16 vehicles damaged
    Jammu   06-Aug-2010
    • While the oil tanker operators continued to suspend supplies of diesel and petrol to Kashmir valley on the third consecutive day, the operators union today announced its decision to snap supplies to Ladakh region
  • PSUs out of 25% public float norm
    New Delhi   10-Aug-2010
    • The finance ministry has exempted state-owned firms from the recent rule that requires listed companies to achieve at least 25% public holding within three years after some of them said they will not participate in disinvestment if the rule was forced on them. Public sector firms will now have to maintain a minimum public float of only 10%, the finance ministry said in a notification on Monday.
  • IOC to buy gas from RIL
    New Delhi   10-Aug-2010
    • The IndianOil will soon be buying natural gas from Reliance Industries (RIL) to replace costlier fuels at the Panipat refinery to increase its profits.
  • Soumya gets final IM norm, makes city proud
    Pune   07-Aug-2010
    • Women’s Grand Master Soumya Swaminathan of Pune completed her final International Master norm on July 27 at the International open tournament at Balaguer in Spain.
  • LPG delivery at your convenience
    Hyderabad   07-Aug-2010
    • IndianOil (IOC) has launched preferred time for delivery of cooking gas cylinders in the twin cities. According to N Srikumar, executive director IOC, over 11 lakh households being served through a network of 45 distributors would benefit from the new service.
  • NOC strike due to Barauni factor
    Kathmandu   08-Aug-2010
    • The staff of the oil-monopoly claimed that temperature variation between IndianOil’s (IOC) Barauni depot and Nepal Oil Corporation’s (NOC) Amlekhgunj depot has caused reduction in fuel quantity, leading to losses running into millions of rupees.
  • Malhotra is new IndianOil R&D head
    New Delhi   07-Aug-2010
    • Dr RK Malhotra took over as the new Director (Research & Development), IndianOil, on Friday. Prior to his elevation to the Board, Malhotra was Executive Director of IndianOil's Research and Development
  • Diabetes camp at IOC Gujarat Refinery
    Ahmedabad   06-Aug-2010
    • A diabetic awareness cum health check up camp was organised at Refinery Township Hospital. 96 persons were checked for diabetic status.
  • Ministry okays Rs 1,54,512-crore investment proposal in 3 PCPIRs
    Mumbai   06-Aug-2010
    • In a major boost for investment in the petrochemical sector, the Ministry of Chemicals and Fertilisers has approved a proposal of investments worth Rs 1,54,512 crore in three regions under its flagship petroleum chemicals and petrochemicals investment regions (PCPIR) policy.
  • Oil PSUs may up petrol prices August-end
    Mumbai   07-Aug-2010
    • State-owned fuel retailers IndianOil, Bharat Petroleum Corp Ltd, and Hindustan Petroleum Corp Ltd are likely to raise petrol prices by “at least” Re 1 per litre towards the end of August due to the northward movement of global crude prices, industry sources said.
  • OMCs, GSPC may form pipeline joint venture
    Mumbai   07-Aug-2010
    • The state-owned oil marketing companies (OMCs) — IndianOil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) — have joined hands with Gujarat State Petroleum Corp (GSPC) to form a joint venture (JV) for trunk gas pipelines.
  • Translucent LPG cylinders to be introduced
    New Delhi   06-Aug-2010
    • The public sector oil marketing companies - IndianOil, Hindustan Petroleum and Bharat Petroleum - will invite expressions of interest from global players to set up manufacturing facilities
  • CVC asked to pay fine to whistleblower
    New Delhi   06-Aug-2010
    • The Delhi High Court on Thursday asked the Central Vigilance Commission (CVC) to pay a fine of Rs.52,000 to a whistleblower, a former employee of the IndianOil (IOC) who had filed a complaint with the Commission accusing a general manager and others officers of the Corporation of indulging in corrupt practices way back in 1999.
  • Now, oil firms take a hit in Valley unrest
    Jammu   05-Aug-2010
    • After the railways, ongoing violence in Kashmir appears to have hit the oil companies. In view of the disturbance in the Valley, there has been no offloading of tankers at the depots of IndianOil
  • IOC plans to export polypropylene to Pak
    New Delhi   06-Aug-2010
    • Having commenced commercial production of polymer recently, the state-owned IndianOil (IOC) has mooted a proposal to export the product to Pakistan, which at present is being produced at its Panipat plant.
  • IOC Sale
    New Delhi   05-Aug-2010
    • IndianOil today claimed to have achieved the highest ever sales in terms of volumes in POL (Petroleum oil lubricant), gas and petrochemicals
  • Treasury share sales by big companies likely
    New Delhi   05-Aug-2010
    • Large companies that have treasury shares in their kitty may sell them in the market before they move into the accounting regime based on International Financial Reporting Standards (IFRS).
  • Oilmin slams Pawar push for ethanol mix
    New Delhi   05-Aug-2010
    • The Petroleum ministry will be approaching the government to defer the move, spearheaded by food and agriculture minister Sharad Pawar, to force the oil firms to blend ethanol, priced at 27 per litre, with petrol.
  • IOC to set up LNG terminal, power plant in Chennai
    Chennai   04-Aug-2010
    • State-owned IndianOil on Wednesday said it will set up an LNG re-gasification terminal and a gas-based power plant at suburban Ennore at an investment of Rs 8,000 crore in joint venture with Tamil Nadu Industrial Development Corporation (TIDCO).
  • IOC contributes Rs 1,012 cr to Bihar exchequer
    Patna   05-Aug-2010
    • Oil major IndianOil (IOC) has contributed Rs 1,012 crore to the government exchequer in Bihar during 2009-10 as compared to Rs 948 crore during the corresponding period previous year.
  • IOCL, distributor told to pay Rs. 5-lakh relief
    Bangalore   03-Aug-2010
    • Seventeen years after the death of a woman and injury to her daughter caused by a fire from a defective cooking gas cylinder, the National Consumer Disputes Redressal Commission has awarded compensation of Rs. 5 lakh and directed IndianOil (IOCL) and its distributor in Chamarajpet to jointly pay the sum in a month's time.
  • ‘Anytime LPG will create more problems’
    Guwahati   31-Jul-2010
    • The concept of anytime LPG mooted by Petroleum Ministry, according to Biplab Kumar Goswami, general secretary of Grahak Suraksha Samiti (GSS) will create more problems than solve it.
  • Rs 14,000 cr subsidies to oil cos
    New Delhi   04-Aug-2010
    • The government will give Rs 14,000 crore in cash to IndianOil, Bharat Petroleum and Hindustan Petroleum to make up for the losses incurred on selling fuel below cost in the first quarter of 2010-11 fiscal.
  • IndianOil retired officers’ meet held
    Guwahati   02-Aug-2010
    • The eighteenth annual conference of IndianOil Retired Officers' Welfare Association, Guwahati chapter was held recently at the Guwahati Refinery guesthouse.
  • ATF prices go up by 2.7%
    New Delhi   01-Aug-2010
    • State-owned oil firms on Saturday raised jet fuel, or ATF, prices by 2.7% after lowering the rates at the last fortnightly revision on July 16.
  • Emergency response drill at IOCL's black oil terminal
    Vadodara   29-Jul-2010
    • IndianOil (IOCL) conducted an emergency response drill (ERD) on Friday to check response of various agencies in situation of a disaster. The emergency response drill was conducted at IOCL's Vadodara black oil terminal near Asoj on Savli road at 3 pm.
  • Rs 3,360 cr: Vadodara I-T dept's target for 2010-11
    Vadodara   29-Jul-2010
    • The Vadodara circle of income tax (I-T) department has set a target of earning Rs 3,360 crore for the financial year 2010-11 from the region an amount which is 12 per cent more than last year's revenue.
  • ‘Petrol price hike not yet’
    New Delhi   31-Jul-2010
    • State-owned oil firms have no immediate plans to revise petrol prices as international prices have not fluctuated significantly, chairman of IndianOil B M Bansal told reporters on Friday.
  • IOC new cylinders
    Kolkata   29-Jul-2010
    • IndianOil introduced 5 kg commercial LPG Indane cylinders and ‘Preferred Time Delivery’ facility of domestic Indane LPG cylinders recently. The 5 kg cylinders and ‘Preferred Time Delivery’ facility was launched by Debasis Sen, executive director (West Bengal), IndianOil.
  • Chennai Petro sees 55-cr loss
    New Delhi   29-Jul-2010
    • Chennai Petroleum Corp on Wednesday reported a net loss of 55.31 crore in the quarter ended June 30 on lower refining margins. The Chennai-based firm had, in the April-June quarter of the previous fiscal, reported a net profit of 304.72 crore, according to the company’s filing to the stock exchanges.
  • Now, have LPG cylinders delivered at your convenience
    Chennai   29-Jul-2010
    • Liquified Petroleum Gas (LPG) customers of IndianOil (IOC) and Hindustan Petroleum Corporation (HP) in the city and suburbs can now get delivery of gas cylinders at their preferred date and time including on Sundays.
  • HC seeks counter to PIL against petrol pump
    Patna   28-Jul-2010
    • The Patna high court on Wednesday directed IndianOil and Gasolene Petrol Pump, Boring Road-Patna to file counter affidavits to a PIL seeking closure of the petrol pump, where an oil tanker was gutted in a fire, or its relocation to another place.
  • ONGC, IOC keen on early divestment
    New Delhi   28-Jul-2010
    • TWO state run oil firms – ONGC and IndianOil - are keen to tap the market in this fiscal after the centre set the ball rolling on fuel price decontrol. “The matter (IOC, ONGC divestment) will be considered in the course of the year,” oil secretary S Sundareshan said on Tuesday.
  • Oil secy talks of IOC, ONGC issue; disinvestment dept contradicts
    New Delhi   28-Jul-2010
    • The follow on public offers (FPO) of IndianOil (IOC) and Oil & Natural Gas Corp of India (ONGC) would be considered, but there is no certainty that a decision will be arrived at this fiscal itself, the government indicated on Tuesday.
  • IndianOil Aviation Service leading the way
    New Delhi   27-Jul-2010
    • IndianOil Aviation Service, a leading aviation fuel solutions provider and the preferred supplier of jet fuel to major international and domestic airlines, was the first to refuel the first Indian Airlines flight IC-895 from integrated T3 in Delhi.
  • PNG set to ease cooking gas woes in the city
    Lucknow   27-Jul-2010
    • Chairman Green Gas Limited - a joint venture of GAIL and IndianOil - BM Bansal on Monday claimed that the eagerly awaited project of supplying piped natural gas (PNG) would start very soon. He was in the city to inaugurate the District Regulatory Station for PNG.
  • Oil companies post huge losses in first quarter
    New Delhi   26-Jul-2010
    • PUBLIC sector oil marketing companies have reported huge losses due to higher under-recoveries on petrol, diesel, LPG and kerosene during the quarter ended June 2010.
  • ONGC, OIL likely to foot cooking fuel subsidy bill
    Mumbai   26-Jul-2010
    • The two government-owned oil producers, Oil and Natural Gas Corp (ONGC) and Oil India (OIL), will continue to share the petroleum-related under-recoveries even after petrol and diesel prices are fully freed up, IndianOil (IOC) said.
  • Dependence on Centre to stunt growth
    New Delhi   26-Jul-2010
    • The investor frenzy engulfing the three oil marketing companies (OMCs) as the government announced partial price decontrol in the last week of June is likely to prove short-lived as two of the three oil majors posted heavy losses for June quarter.
  • Common lines
    New Delhi   26-Jul-2010
    • IndianOil (IOC) has stepped into gas transportation by commissioning its Dadri-Panipat R-LNG pipeline project.
  • Toppo nets winner for ONGC in Murugappa Gold Cup hockey
    Chennai   25-Jul-2010
    • Oil and Natural Gas Corporation (ONGC) emerged first time champions in the 86th All-India MCC-Murugappa Gold Cup hockey tournament on Sunday when they overcame fancied IndianOil 2-1 in the final.
  • PCPIR land acquisition on fast track
    Kolkata   26-Jul-2010
    • The land acquisition process for PCPIR (Petroleum, Chemicals and Petrochemicals Investment Region) hub proposed to be set up at Paradip is on the fast track with the state owned Industrial Infrastructure
  • New look regulator for gas cylinders from IOC
    Madurai   26-Jul-2010
    • A new look regulator for the LPG gas cylinder at home will soon make its way in to the kitchen, if you are a consumer of Indane gas of the IndianOil (IOC). Designed with several safety features, the IOC has launched a Multi-Function Regulator (MFR) to fit in to the existing cylinders.
  • IOC posts net loss of Rs. 3,388 cr
    New Delhi   25-Jul-2010
    • IndianOil (IOC) on Saturday reported a net loss of Rs. 3,388.39 crore in the first quarter ended June 30, 2010, on account of selling fuel below cost.
  • IOC, BPCL, HPCL face Rs 13,400 crore rev losses
    Mumbai   24-Jul-2010
    • State-owned fuel retailers IndianOil (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) may be forced to absorb Rs13,381 crore of revenue losses on fuel sales during April-June as the government is unlikely to pay any compensation now, oil ministry and industry sources said.
  • ONGC, PNB and IOC in last four
    New Delhi   23-Jul-2010
    • Configuring the semifinalists to take the stage on Saturday proved an interesting exercise on Thursday in the MCC-Murugappa Gold Cup hockey tournament at the Mayor Radhakrishan Stadium. As phase one concluded, the last four teams were identified.
  • Growing Upstream - IndianOil’s Transformation into an Integrated Energy Company
    New Delhi   22-Jul-2010
    • In an exclusive interaction with People Matters, B.M. Bansal, Chairman, IOC and V.C. Agrawal, Director – HR and Director-in-charge (IBP Division) IOC, discuss the market-oriented and organizational challenges faced and overcome by the PSU since it set forth to becoming an integrated energy player a decade ago
  • PSU oil majors eye BP's stake in Vietnam gas project
    New Delhi   22-Jul-2010
    • With BP Plc likely to exit its hydrocarbon business in Vietnam, Indian public sector companies — ONGC, GAIL (India), IndianOil, and Oil India — have combined forces to acquire the British firm's stake in Nam Con Son gas project.
  • CCI for probe into OMC cartel charges
    New Delhi   22-Jul-2010
    • The Competition Commission of India has ordered an investigation into the alleged ‘anti-competitive agreement’ entered into by leading oil marketing companies like IndianOil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation over supply of aviation turbine fuel (ATF) to the national carrier Air India.
  • IOC ‘blocks' 250 domestic LPG connections
    Tamil Nadu   22-Jul-2010
    • Following intensive raids conducted to detect misuse of domestic LPG cylinders, the IndianOil (IOC) has suspended 250 domestic connections in Madurai city alone during the past few weeks.
  • IOC proves too good for India juniors
    New Delhi   21-Jul-2010
    • Persistent rain precluded precision passing but that did not prevent the India Juniors sparkle in spells under grey clouds against the formidable IOC in the MCC-Murugappa Gold Cup hockey tournament on Tuesday.
  • IOC retired officers' AGM on July 24
    Guwahati   20-Jul-2010
    • The 18th annual general meeting of the Indian Oil Retired Officers’ Welfare Association, Guwahati will be held on July 24 at the Guwahati Refinery guesthouse from 10am, according to a press release
  • IOCL advance into Murugappa Gold Cup hockey semis
    New Delhi   20-Jul-2010
    • IndianOil (IOCL) eased to a 3-0 win against Hockey India Juniors to advance to the semi-finals of the 86th All-India MCC-Murugappa Gold Cup hockey tournament here Tuesday.
  • IOC mulls another refinery on west coast
    Mumbai   21-Jul-2010
    • IndianOil (IOC) is weighing the option of setting up another greenfield refinery to meet the rising demand of petroleum and petrochemical products.
  • Murli Deora to lead high-level delegation to Vietnam
    New Delhi   20-Jul-2010
    • Union Petroleum and Natural Gas Minister Murli Deora will lead a high-level delegation to Vietnam on Wednesday as part of the efforts to enhance the reach of Indian petroleum companies.
  • Oilmin keen on early selection of IOC chairman
    New Delhi   20-Jul-2010
    • The government is keen on early interviews for the top job at IndianOil as it does not want the nation's largest oil firm to continue without a fulltime chairman for long. Official sources said the oil ministry wants the Public Enterprise Selection Board, the government's headhunter, to hold interviews for IOC top boss ahead of those to select chairman and managing director for Oil and Natural Gas Corporation (ONGC).
  • LPG agency demanded at Kalaigaon
    Guwahati   16-Jul-2010
    • People of Kalaigaon areas have been facing great difficulties to procure LPG cylinder for the last few decades. More than 5000 consumers of Kalaigaon areas have had nightmares while collecting gas cylinders due to non-availability of a LPG distributor at Kalaigaon.
  • Tata, IOC in global list of cos with human rights policy
    New Delhi   18-Jul-2010
    • Having a stated human rights policy is no longer a matter of choice, but a business imperative for an increasing number of companies around the world. And in the Indian context, it’s just right that two of the country’s largest and respected companies—the Tata Group and IndianOil—have made it to the list of 270 companies worldwide to have adopted a human rights policy statement, according to a report released at a recent UN business summit in the US.
  • IndianOil Aviation Services a world class infrastructure
    New Delhi   16-Jul-2010
    • IndianOil Aviation Service, a leading aviation fuel solutions provider in India and the most preferred supplier of Jet fuel to major international and domestic airlines is proud to have been the first to refuel the first Indian Airlines flight IC-895 from the new integrated terminal T3 in Delhi. This flight is operating from New Delhi to Dubai.
  • 'Adulterating fuel outlets will soon be out of biz'
    Mumbai   16-Jul-2010
    • A day after the details of the new de-regularised petrol pricing regime are worked out, B M Bansal, chairman of the largest company shares his outlook on the opportunities and threats opened by the entry of private players into fuel retailing.
  • Man arrested for selling 15 acres of beach to IOC
    Chennai   16-Jul-2010
    • The Tiruvallur police on Thursday arrested a multimillionaire for selling 15 acres of beach to the IndianOil. Devados Reddy, whom police say has properties worth over Rs 500 crore, struck a deal with IOC which was looking for land to set up an LPG bottling plant. He signed an MoU selling 166 acre of land to the company.
  • IndianOil to invest in Africa in $1b push
    New Delhi   16-Jul-2010
    • INDIAN Oil Corp, the country’s secondbiggest refiner, plans to acquire oilfields in Africa as part of a $1 billion overseas investment plan, its chairman said.
  • IOC set to enter gas pipeline business
    New Delhi   16-Jul-2010
    • Cash-short oil marketing companies (OMCs) of the government are now looking at newer ways of revenue generation, with IndianOil deciding to join the race for the trunk gas pipeline business. This segment of business has so far been dominated by a purely gas marketing and transportation company, GAIL India, and Reliance Industries Ltd, now the biggest producer of natural gas in the country.
  • Panel orders IOC, agency to pay man Rs5 lakh
    Mumbai   15-Jul-2010
    • National Consumer Disputes Redressal Commission (NCDRC) has directed IndianOil (IOC) and a Bangalore-based gas distribution agency to jointly pay a compensation of Rs5 lakh to a man for deficient service.
  • Oil cos to review petrol prices every month
    New Delhi   15-Jul-2010
    • The public sector oil companies – IndianOil, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation – will review petrol prices on a monthly basis. And changes in price, if any, will be through mutual consensus and remain at a uniform rate for the PSU companies.
  • IOC to invest Rs 3,600 crore in Rajasthan Atomic Power
    New Delhi   14-Jul-2010
    • IndianOil has lined up Rs 3,600 crore for seventh and eighth units of the Rs 12,000-crore Rajasthan Atomic Power Project (RAPP) in Rawatbhata. This investment is part of IOC’s agreement with Nuclear Power Corporation (NPC) for the construction of heavy water pressurised water reactor. The oil company is picking up around 30% equity in this 1400 mw atomic power plant.
  • Major air carriers still to clear massive fuel bills
    Mumbai   13-Jul-2010
    • State-owned National Aviation Company of India Limited (Nacil), Jet Airways and Kingfisher Airlines owe over Rs 2,200 crore as payment for jet fuel, to the state-run oil marketing companies.
  • June 22 blaze: WR, IOC face heat
    Ahmedabad   10-Jul-2010
    • Close on the heels of top IndianOil (IOC) officials being indicted by a probe panel for the Jaipur inferno, a special committee appointed by the Vadodara district collector to probe the June 22 blaze in the city has blamed the IOC and WR (Vadodara division) for negligence in dumping petroleum waste.
  • IOC, RIL among 8 Indian cos in Fortune 500 list
    New Delhi   12-Jul-2010
    • Eight Indian companies, including oil major IndianOil and Mukesh Ambani-led Reliance Industries, have made the cut in the list of the world's 500 largest companies compiled by Fortune. The league of 500 elite companies for 2010 is topped by US retailer Wal-Mart Stores, followed by oil giant Royal Dutch Shell and another oil major, Exxon Mobil, in that order.
  • IndianOil inks MoC with IIT
    New Delhi   09-Jul-2010
    • IndianOil-R&D Centre, in association with Bhabha Atomic Research Centre (BARC), Mumbai has jointly developed inine inspection line inspection tools for corrosion inspection of long distance high pressure across country oil pipelines.
  • IndianOil's transformation
    New Delhi   09-Jul-2010
    • IndianOil is transforming from a 'technology driven' company to a 'technology driver' on the global energy R&D platform, said Anand Kumar, IndianOil's director (Research and development), while interacting with Indian Oil officials on the eve of his superannuation in New Delhi.
  • ‘IOC will not revise petrol prices too frequently’
    Mumbai   09-Jul-2010
    • IndianOil chairman BM Bansal on Thursday said the company would not like to revise retail prices of petrol too frequently unless there is a major change in the prices of international crude oil. “In case crude oil (price) does not rise much, we will not like to revise prices too frequently,” Bansal said on the sidelines of an industry event.
  • 'To keep improving quality and infra, we need profits'
    Mumbai   09-Jul-2010
    • The public services versus profitability debate in the context of oil prices has for long seen politicians opposing any fuel price rise but IndianOil, the biggest player in petroleum retailing, sees no harm in making profits to sustain growth for the company and secure national energy needs.
  • Centre's nod for LPG terminal
    Kochi   08-Jul-2010
    • The Union Ministry for Environment and Forests on Wednesday granted environment clearance for the LPG Import Terminal proposed by the IndianOil (IOC) at Puthuvype. The proposed plant with a storage capacity of 15,400 tonnes gives a fresh hope to the state which is facing a shortage of liquid petroleum gas (LPG).
  • Armed with $2 billion, Oil India on the Prowl
    Mumbai   07-Jul-2010
    • Armed with cash ammunition of $2 billion, Oil India Ltd., the country’s second largest state-owned hydrocarbons explorer, is on the prowl with partner IndianOil (IOC) to acquire small and medium-sized producing assets or even companies that can be value accretive.
  • Bail for 8 IOC officials
    New Delhi   08-Jul-2010
    • District and Sessions Judge K. S. Bhatnagar on Wednesday granted bail to eight of the nine IndianOil officials arrested and sent to judicial custody earlier this month in connection with the devastating fire at the IOC fuel depot at Sanganer last October in which 11 persons were killed.
  • IOC fire: From basic checks to systems, guidelines ignored
    Jaipur   04-Jul-2010
    • The IndianOil (IOC) depot blaze in October, which claimed 11 lives, injured more than a 100 and led to the loss of close to 10 crore litres of fuel, might have been averted had basic safety norms set by the Oil Industry Safety Directorate (OISD) and IOC itself been followed.
  • IOC plans Rs 700-cr power play
    New Delhi   07-Jul-2010
    • State-run IndianOil (IOC) plans to set up solar power panels and power plants at its over 18,100 retail outlets across the country at a cost of Rs 500 crore.
  • IOCL wins the Reader's Digest Trusted Brand Gold Award
    Mumbai   07-Jul-2010
    • IndianOil bagged the coveted award of Reader's Digest Trusted Brand Gold Award – 2010 under the Petrol Station category for the fourth year in a row. Winning this award for the 4th successive year is a testimony to the high degree of trust reposed by our customers in the products & services we offer from our retail outlets.
  • Acquisition of oil, gas assets overseas vital for energy security: IOC
    New Delhi   06-Jul-2010
    • With the country's dependence on oil imports set to go up further as the demand increases, oil and gas companies need to strategically acquire equity in oil and gas assets abroad to augment supplies, according to Mr B.M. Bansal, Chairman and Director (Planning & Business development) IndianOil.
  • IOC eyes rural market to expand its retail network
    New Delhi   06-Jul-2010
    • FORESEEING increased competition from private fuel retailers after the deregulation of petrol prices, IndianOil (IOC) plans to adopt a vertical growth plan to expand its retail network. This will be part of its plan to maintain market leadership position in fuel retailing segment.
  • IOC pipeline leaks in Sirohi
    Jaipur   05-Jul-2010
    • Several hundred litres of crude oil was spread in half a kilometer area in Swaroopganj when Indian Oil Corporation (IOC) pipeline got damaged allegedly due to a pilferage bid in Bujela village under Rohida police station of Sirohi on Sunday.
  • IndianOil eyes Rs 100 cr solar power plant in green thrust
    New Delhi   05-Jul-2010
    • Flagship refiner-marketer IndianOil Corporation is setting up a grid-linked solar power plant worth about Rs 100 crore at Barmer in Rajasthan, even as the state-run firm sharpens focus on non-conventional energy sources in an attempt to supplement fossil fuels earnings with carbon credits and move towards a green future.
  • Petroleum pipeline dedicated to nation
    Bangalore   03-Jul-2010
    • Karnataka Governor H.R. Bhardwaj on Friday dedicated to the nation the Chennai-Bangalore petroleum products pipeline constructed by the Indian Oil Corporation Ltd., (IOCL) for uninterrupted supply of petroleum products to the southern Karnataka region.
  • Jaipur police arrests nine IOC officials
    Mumbai   03-Jul-2010
    • The Jaipur police has arrested nine Indian Oil Corporation (IOC) officials in the IOC depot fire incident. “We have arrested nine officials of the IOC for criminal negligence,” said Jaipur inspector-general of police, B. L. Soni.
  • No rollback of fuel prices, says Deora
    New Delhi   03-Jul-2010
    • The Union Petroleum Minister, Mr. Murli Deora, on Friday said that there will be no immediate roll back of fuel prices even though there has been a decline in international crude oil prices.
  • Visa rules eased for IOC Paradip refinery
    New Delhi   02-Jul-2010
    • State-run IndianOil’s (IOC) new refinery at Paradip, Orissa, is back on schedule after the ministry of external affairs (MEA) eased its visa restriction for the project.
  • Oil marketing cos on a roll as FIIs stock up
    Mumbai   01-Jul-2010
    • Shares of oil marketing companies resumed their uptrend on Wednesday, after having paused for a breather in the previous session. Dealers said fresh purchases by foreign funds triggered the action in these stocks.
  • IOC, IFCI, IDFC accumulate fresh long positions
    Mumbai   01-Jul-2010
    • Turnover remained healthy at Rs 80,424 crore in the F&O segment on Wednesday. The Nifty futures closed at 5316.25 but saw its premium reduced to just four points against the Nifty spot, which closed at 5312.5.
  • ICRA upgrades rating on IOC bonds
    Mumbai   30-Jun-2010
    • ICRA has upgraded the long-term rating on outstanding Rs 4,589 crore long-term bonds programme of IndianOil (IOC) from LAA+ and ‘positive outlook’ to LAAA.
  • IOCL asked to clean up mess in 15 days
    Ahmedabad   26-Jun-2010
    • The Gujarat Pollution Control Board (GPCB) has issued a notice to the IndianOil (IOCL) in connection with the fire that erupted in the backyard of Gujarat Refinery (GR) four days ago. GPCB officials said that IOCL authorities have been asked to clean up and restore the area where fire broke out.
  • Oil stocks continue to rally
    Mumbai   29-Jun-2010
    • Stocks of oil companies continued to rally on Monday as investors felt that revenues and profits of these companies, mainly the PSUs, will rise on the back of government’s decision last week to free petrol prices and hike prices of diesel, kerosene and LPG.
  • “Market to get competitive”, says Mr. Bansal
    New Delhi   28-Jun-2010
    • Brij Mohan Bansal, Chairman and Director (Business Development) of country’s largest oil marketing company (OMC) IndianOil (IOC), shares his views after government’s decision to de-control petrol prices in a short interaction with Financial Chronicle
  • IOC losing Rs 115 cr a day on fuel sales
    New Delhi   24-Jun-2010
    • State-run IndianOil, the country's biggest oil retailer, is incurring a daily revenue loss of Rs 115 crore on fuel sales in the domestic market, its chairman told reporters on Wednesday.
  • IOC to get Cairn crude
    Mumbai   24-Jun-2010
    • IndianOil will start processing crude oil produced from Cairn India Ltd’s Rajasthan block at its Panipat refinery in Haryana early next month, a senior official at the state-owned refiner said.
  • IOC, BPCL log 39% jump in ATF sales
    Mumbai   22-Jun-2010
    • JET fuel sellers such as Bharat Petroleum and IndianOil are into big business these days. Their sales of aviation turbine fuel have grown over 39 per cent thanks to rise growth in air traffic.
  • MIC Electronics signs MOC with IOCL
    New Delhi   21-Jun-2010
    • Hyderabad based company, MIC Electronics Limited announced its Memorandum of Collaboration with IndianOil in a function held in Delhi last evening.
  • Industrial info exchange forum
    New Delhi   20-Jun-2010
    • The international provider of quality and safety solutions for a wide range of industries around the world, Intertek, launched its first industrial information exchange forum for India here last week.
  • IOC, HPCL in pact with RIL for KG gas
    New Delhi   17-Jun-2010
    • State-owned IndianOil (IOC) and Hindustan Petroleum Corp (HPCL) have signed contracts with Reliance Industries to buy natural gas to replace costlier liquid fuel at their refineries.
  • IOC to build gas storage terminal
    Mumbai   16-Jun-2010
    • IndianOil along with the government of Tamil Nadu will invest Rs 10,000 crore to set up a gas storage terminal near the Ennore port with an installed capacity of five million tonnes per annum.
  • IOC naphtha for Haldia Petro
    Kolkata   14-Jun-2010
    • Haldia Petrochemicals Ltd may source naphtha from IndianOil’s Paradip refinery, which is expected to commence production in another two years.
  • Thinking out-of-the-box for energy security
    Mumbai   15-Jun-2010
    • India will have to focus on alternative sources of energy to sustain a high growth rate, said a panel of experts at the Energy Summit organised by hindustantimes.com and CII on Friday.
  • Sparkling bright
    New Delhi   14-Jun-2010
    • AT A time when the government is actively considering a decision on deregulating fuel prices, investors should consider taking exposure to the industry. And what better stock to invest in than the industry leader, Indian Oil (IOC), particularly when it is attractively valued compared to its peers.
  • Durgapur gas pipeline move
    Kolkata   10-Jun-2010
    • State-owned IndianOil (IOC) plans to set up an LPG pipeline from Paradip to Durgapur at a cost of Rs 700 crore.
  • Panel seeks investment in sustainable energy
    New Delhi   11-Jun-2010
    • In its march towards becoming one of world’s largest economic superpowers, India will have to intensely look at alternate sources of energy for a sustainable growth pattern, a panel of experts in the field of energy said on Thursday.
  • Greentech Safety Award 2010
    New Delhi   11-Jun-2010
    • Bongaigaon Refinery of IndianOil has received the Greentech Safety Award 2010 in Gold Category from the Greentech Foundation for its outstanding achievement in safety management.
  • Not upset, oil hike call can't be made in haste: IOC chairman
    New Delhi   10-Jun-2010
    • India’s largest fuel retailer, IndianOil (IOC), managed a net profit of Rs 10,220 crore (Rs 2,949) in its golden jubilee year 2009-10 despite absorbing a loss of over Rs 3,000 crore from selling subsidised fuel. The same year, it also moved up 11 places to 105 in the Fortune Global 500 list.
  • The petrochemicals growth challenge
    New Delhi   09-Jun-2010
    • The availability of new hydrocarbon resources in India has spurred the demand for petrochemicals in the country and spawned an industry that is based largely on captive and low-cost feedstock. There is no denying that opportunities in the petrochemicals business must be capitalised upon for growth.
  • IndianOil project on track
    Kolkata   31-May-2010
    • IndianOil is reviving its Rs 22,300-crore petrochemical project at Paradip following interest from Kuwait Petroleum Corporation in picking up a stake.
  • IOC, NPCIL to join hands for nuclear projects
    Mumbai   02-Jun-2010
    • Country’s largest oil marketing company IndianOil (IOC) will participate in greenfield nuclear projects being planned by Nuclear Power Corporation of India (NP­CIL). Boards of both PSUs have given in-principle approval to IOC’s participation in the projects.
  • IndianOil emerges the best
    New Delhi   01-Jun-2010
    • IndianOil was awarded the winner's trophy in the All India Public Sector Sports Promotion Board (AIPSSPB) Annual General Meeting and awards function held in Srinagar.
  • Oil PSUs back on investment radar
    Mumbai   31-May-2010
    • After almost four years in the woods, stock markets are looking at public sector oil companies with interest again. This has been due to a combination of stability in crude oil price coupled with hopes of reform in auto-fuel prices.
  • IOC net zooms 247% on refining margins
    New Delhi   29-May-2010
    • INDIA'S largest fuel retailer IndianOil (IOC) has reported a 247% jump in its net profit at Rs 10,220 crore for 2009-10 despite absorbing Rs 3,159 crore revenue loss on account of selling cooking fuel below cost.
  • IOC profit rises 246% in 2009-10
    New Delhi   29-May-2010
    • IndianOil, the nation's largest oil firm, on Friday reported a 246% jump in net profit for 2009-10 fiscal and said it is considering reviving projects it had put on backburner due to cash crunch earlier.
  • IOC net rises to Rs. 10,220 cr
    New Delhi   29-May-2010
    • IndianOil on Friday reported more than three-fold increase in its net profit in 2009-10, even though the oil marketing company is losing Rs.105 crore in revenues everyday on selling fuel below cost.
  • IOC posts 246% jump in profit
    New Delhi   29-May-2010
    • IndianOil posted a 246 per cent jump in net profit for 2009-10 fiscal due to good sale of petroleum products .The Company’s net profit was at Rs 10,220.55 crore and turnover Rs 2,71,074 crore in 2009-10 fiscal.
  • IOC hopes for fuel pricing reforms
    New Delhi   27-May-2010
    • STATE-RUN IndianOil expects the government to soon reform the country's fuel pricing system and has a budget of $1 billion to acquire oil and gas assets abroad, its chairman said on Wednesday.
  • Network of gas pipelines in South India by 2012
    New Delhi   25-May-2010
    • By the year 2012, South India will have a network of pipelines carrying natural gas and petroleum products, the Union Petroleum Secretary, Mr S. Sundareshan, said today.
  • IOC airlifts fuel for Manipur
    Kolkata   23-May-2010
    • IndianOil (IOC) has resorted to airlifting of petrol, diesel and kerosene to Imphal (Manipur) from here to tide over the acute fuel crisis in the landlocked state due to indefinite blockade at the arterial National Highway 39.
  • Awareness programme organized
    New Delhi   21-May-2010
    • An awareness programme on self-help group was organized by Digboi Unnayan Samity at India Club, Digboi recently.
  • Maharatna status for four PSUs
    New Delhi   21-May-2010
    • Government has approved the maharatna status for NTPC, IOC, ONGC and SAIL but only the power major can enjoy the autonomy that goes with the coveted status for the PSUs. "The competent authority has approved the grant of maharatna status IOC, NTPC, ONGC and SAIL," the department of public enterprises said in an inter-ministerial communication.
  • PSU oil giants join big deal in Venezuela
    New Delhi   20-May-2010
    • The three public sector oil companies IndianOil (IOC), Oil India Ltd (OIL), and ONGC Videsh Ltd (OVL) along with their consortium partners have inked a joint venture agreement for the $20 billion Carabobo-1 project in Venezuela. The other two partners in the consortium are Spanish major Repsol and Malaysian Petronas.
  • Chennai Petro back in black
    New Delhi   19-May-2010
    • Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, has rallied back to profitability with a net profit of Rs, 603.22 crore in the year ended March 31,2010, against a loss of Rs. 397.28 crore in the previous year.
  • ONGC, IOC doing biz with Iran
    New Delhi   15-May-2010
    • New Delhi: Indian oil firms, including flagship explorer ONGC and refiner-marketer IndianOil, are playing it cool over a recent US Government Accountability Office report that named them among 41 companies worldwide who may attract sanctions for investing in Iran's energy sector and seeing it as one more instance of Washington's effort to arm-twist companies away from Tehran.
  • IndianOil's R&D centre wins Technology Day Award
    New Delhi   14-May-2010
    • IndianOil's R&D centre won the prestigious Technology Day Award 2010 for commercialisation of indigenous technology of multifunctional additives. The award consists of a trophy and a cash award of Rs. 10 lakh that was given away by the chief guest, Former President of India Dr. A.P.J Abdul Kalam.
  • JV for oil project in Venezuela
    New Delhi   14-May-2010
    • Murli Deora, minister for petroleum and natural gas, along with S. Sundareshan, petroleum secretary and chairman of IndianOil and Oil India Limited, MD, ONGC Videsh Limited and other senior officials participated in the signing ceremony presided over by Hugo Chavez Frias
  • IOC to buy gas from RIL to save cost
    New Delhi   13-May-2010
    • STATE-OWNED IndianOil (IOC) will buy 1.6 million cubic metres of natural gas a day from Reliance Industries Ltd (RIL) to replace costlier liquid fuel at its refineries.
  • Digboi chapter of Aurobindo Society
    Guwahati   06-May-2010
    • The golden jubilee celebration of the Digboi chapter of Shri Aurobindo Society got under way in a solemn atmosphere on the evening of May 2 last in the auditorium of India Club.
  • Can we handle the muck?
    New Delhi   11-May-2010
    • MURPHY'S LAW - "anything that can go wrong, will go wrong" – seems to be the operative rule in the Gulf of Mexico oil spill - Time Magazine said in its latest cover story.
  • IOC poses a polymer challenge to RIL
    New Delhi   10-May-2010
    • Public sector refiner IndianOil (IOC) is coming up as a strong competitor to India’s largest petrochemical producer, Reliance Industries Ltd (RIL), especially in polymers. IOC is working on a strategy to add more value to naphtha produced from its refineries instead of dumping the liquid fuel in the market.
  • Chennai Petro looks to hedge on MCX
    New Delhi   10-May-2010
    • Chennai Petroleum Corporation (CPCL), an IOC group company, will shortly begin hedging on MCX joining companies such as IOC, Tata Petrodyne and SpiceJet which hedge themselves partly against crude oil price risk and volatility by taking exposure to crude oil futures traded on the commodity bourse.
  • IOC set to open first gas pipeline by end of month
    New Delhi   10-May-2010
    • IndianOil (IOC) will commission its first natural gas pipeline by month-end. The 132-km-and 30-inch diameter pipeline from Dadri in Uttar Pradesh will supply gas to IOC's Panipat refinery.
  • IndianOil starts despatch of polymers
    New Delhi   07-May-2010
    • In the wave of a flag, BM Bansal, Chairman, IndianOil, signalled what could well emerge as a major game changer in the Indian domestic petrochemical business. The despatch of the first truck carrying a consignment of a Poly Propylene grade from the gates of IndianOil's state-of-the-art Petrochemicals Complex at Panipat, will be followed by the roll out of a countrywide marketing blitz that is expected to ride on the company's formidable distribution channels spread across India.
  • India, Venezuela keen on expanding ties
    New Delhi   06-May-2010
    • India and Venezuela have agreed to explore all possibilities for expanding the areas of cooperation between the two countries in the wake of the growing cooperation in hydrocarbon sector.
  • India acquires Russian oil co, says Prasada
    New Delhi   05-May-2010
    • India has acquired a Russian oil company and bought equity stake in an oil field project in Venezuela through consortium route, the Rajya Sabha was informed on Tuesday.
  • Maharatna status for IOC, ONGC soon
    New Delhi   05-May-2010
    • The government on Tuesday said it is in the process of granting the Maharatna status to four state-run firms ONGC, SAIL NTPC and IOC. The tag will allow them to take investment decisions of up to Rs 5,000 crore, independent of the government.
  • IndianOil commences polymer dispatch
    New Delhi   04-May-2010
    • B.M. Bansal, chairman, IndianOil, flagged off the dispatch of the first truck carrying a consignment of a poly propylene grade from the gates of IndianOil's Petrochemicals Complex at Panipat.
  • IndianOil joins TN to revive Ennore LNG project
    New Delhi   04-May-2010
    • Public sector IndianOil and the Tamil Nadu Industrial Development Corporation Ltd (TIDCO) are to jointly set up an Rs 10,000-crore LNG (Liquefied Natural Gas) terminal and power plant near Chennai.
  • IOC to raise Panipat capacity by 25%
    New Delhi   02-May-2010
    • IndianOil, the country’s biggest of marketing company, will expand capacity of its Panipat refinery by 25 per cent to 15 million tonnes (mt) from October. This will be done at a cost of Rs 1,000 crore. At present, IOC has a refining capacity of 51.2 mt. After the expansion, this will rise to around 54 mt.
  • Digboi Rongali Bihu samity organizes marathon race
    Digboi   28-Apr-2010
    • The Digboi Rongali Bihu Utsav Palan Samity, 2010, organized an “All Assam prize money mini marathon race” recently as a part of its 56th year of celebration of Rongali Bihu at Digboi. The programme was organized in view of promoting a sense of fraternity among all and spread the noble message of peace and harmony in the society.
  • Nuclear Power Corpn to team up with IOC, Nalco
    New Delhi   30-Apr-2010
    • After its recent agreement to form a joint venture with NTPC to set up nuclear power plants, Nuclear Power Corporation of India (NPCIL) is now in the process of concluding similar agreements with the country's biggest oil retailer Indian Oil Corporation (IOC) and aluminium major National Aluminium Company (Nalco) in the next few months.
  • Luit Utsav at Bongaigaon Refinery
    Bongaigaon   27-Apr-2010
    • Bongaigaon Refinery (BGR) of IndianOil organized the 2nd Indian Oil Luit Utsav on April 23 and 24. B M Bansal, Chairman, IOCL inaugurated the Utsav.
  • IOC to market bio-lubricant next year
    Mumbai   22-Apr-2010
    • Indian Oil Corporation (IOC), the nation’s biggest oil marketer and refiner, will launch its first biodegradable lubricant next year. The company is conducting trial runs on the lubricant and would soon evolve a marketing and branding strategy for the product.
  • The Alternative Seeker
    New Delhi   01-May-2010
    • FOSSIL FUELS ARE THE BIGGEST culprits when it comes to climate change. So, if anything, oil companies would have to be in the vanguard in improving their production processes and making their fuels energy efficient. Indeed, that's what many are doing today.
  • IndianOil commissions hydrocracker unit
    New Delhi   20-Apr-2010
    • To enhance the distillate yield of the refinery and improve the bottom-line, besides producing EURO-IV grade diesel and superior quality products, IndianOil's Haldia Refinery has commissioned the prestigious Once-Through Hydrocracker Unit (OHCU) Project.
  • Four PSUs pitch for Maharatna status
    New Delhi   11-Apr-2010
    • Four major public sector undertaking (PSU) companies IndianOil (IOC), NTPC, Steel Authority of India Limited (SAIL) and Oil and Natural Gas Corporation (ONGC) are aiming for the 'Maharatna' status paving way for their financial and boardroom freedom.
  • Guwahati Refinery intensifies health programmes
    Guwahati   06-Apr-2010
    • The Medical department of IOCL Guwahati Refinery has initiated several programmes aiming at preservation of health and prevention of diseases among the employees of IOCL and their dependants, and also the population residing in greater Guwahati and the surrounding villages.
  • IndianOil's synthetic rubber plant at Panipat
    New Delhi   06-Apr-2010
    • IndianOil Corporation Ltd, has entered into a joint venture with TSRC Corporation, Taiwan, and Marubeni Corporation, Japan, to set up a Rs.900 crore 120,000 tons per annum Styrene Butadiene Rubber (SBR) unit at Panipat.
  • IOC starts $3.2-billion Panipat unit
    Mumbai   02-Apr-2010
    • IndianOil Corporation (IOC) started a $3.2-billion naphtha cracker in Panipat, Haryana to meet demand from plastic makers.
  • Honeywell arm, IOC team up
    New Delhi   04-Apr-2010
    • UOP LLC, a wholly owned subsidiary of Honeywell International Inc. has entered into a memorandum of understanding with Indian Oil Corporation Ltd (IOC) to work together on bio fuels projects in India.
  • IndianOil looks to sovereign fund for aggressive foreign forays
    New Delhi   01-Apr-2010
    • IndianOil, the country’s largest oil marketing company, is diversifying into new businesses in the upstream sector. At the same time, IOC is facing tremendous liquidity pressure due to rising under-recoveries and lack of clarity in getting compensation from the government. Mr. Brij Mohan Bansal, Chairman, IndianOil, spoke to Siddhartha P. Saikia at the twelfth International Energy Forum in Cancun, Mexico, about the navratna company’s roadmap to emerge as an integrated energy company.
  • L&T bags Rs 1,400 crore IndianOil order
    New Delhi   30-Mar-2010
    • Larsen & Toubro has bagged a Rs 1,400-crore order from IndianOil for supply of a 4.17 million tonnes a year FCC (fluidised catalytic cracker) reactor regenerator project for IndianOil's fuel refinery at Paradip, Orissa.
  • Ruchi Soya in pact with IndianOil
    New Delhi   26-Mar-2010
    • Leading soya producer ‘Ruchi Soya Industries Ltd’ and public sector oil major IndianOil have signed a limited liability partnership (LLP) agreement to undertake jatropha plantation in Uttar Pradesh for manufacturing biofuel.
  • IndianOil bags ABCI award
    Mumbai   24-Mar-2010
    • The Corporate Communications (CC) team of IndianOil team did it again. The group continued its winning streak at the 49th Association of Business Communicators of India (ABCI) Annual Award Function. Winning FIVE prestigious awards in various categories by IndianOil's "CC" teams all over India was distinct in a glittering function graced by the presence of His Excellency, Sankaranarayanan, and Hon’ble Governor of Maharashtra along with several other dignitaries including Dr. S. Gokarna, Dy. Gover
  • CPCL-Cauvery Basin Refinery receives TPM Excellence Award from JIPM
    New Delhi   25-Mar-2010
    • Cauvery Basin Refinery (CBR) of Chennai Petroleum Corporation Limited (CPCL) located at Nagapattinam, Tamilnadu has received the coveted "Award for Total Plant Maintenance (TPM) Excellence Award" from Japan Institute of Plant Maintenance (JIPM).
  • IndianOil-OIL India
    Kolkata   24-Mar-2010
    • State-owned IndianOil and Oil Intlia Ltd today confirmed making an ‘approach’ to takeover the West Asia-focused oil firm Gulfsands Petroleum Pick for an undisclosed cash amount. OIL and IndianOil confirmed that they have jointly made an “approach regarding a possible all-cash offer for Gulfsands," the two firms said in a joint statement to the London Stock Exchange. Sources said the OIL-IndianOil combine did not make a formal bid, but had approached a major shareholder in Gulfsands offering arou
  • IndianOil plans to enter Petrochemical business
    New Delhi   22-Mar-2010
    • IndianOil plans to enter the petrochemicals business in June through its polymer products and expects to notch up a market share of 21 per cent in this new initiative.
  • IndianOil
    New Delhi   19-Mar-2010
    • The customer and sustainable development are in sharp focus in the annual MoU between IndianOil and the government of India for the year 2010-11.
  • NTPC, IndianOil plans JV for biodiesel lubes
    Kolkata   19-Mar-2010
    • India’s largest energy firms NTPC and IndianOil will together explore the possibility of producing biodiesel and manufacturing specialised lubricants for power plains.
  • IndianOil begins LPG plant revamp exercise
    Kolkata   19-Mar-2010
    • IndianOil has undertaken a major revamping exercise of its LPG bottling plants in the region. North East India is likely to become LPG surplus by April this year.
  • Preparations for Indian Oil Femina Car Rally in full swing
    Patna   16-Mar-2010
    • Preparations are in full swing for the ‘6th IndianOil Femina Car Rally’ to be organised by Lions Club of Patna Femina. The rally will be flagged off from IndianOil Gasoline Petrol Pump on Boring Road here on March 21 and terminate at Sambodhi Retreat, around 10 km away from Bodh Gaya.
  • IndianOil's Haldia unit to boost margins
    New Delhi   18-Mar-2010
    • IndianOil's Haldia refinery expects to earn higher operational margins with the commissioning of the Rs 2,869-crore hydro cracker unit as well as the Rs 1,180-crore Haldia-Paradip pipeline.
  • IndianOil Officers Association demands action to improve the financial health
    Mumbai   16-Mar-2010
    • IndianOil Officers Association (IOOA) has expressed its concern to improve the health of Oil Sector PSUs. Mr. Mukul Kumar, President of IndianOil Officers Association along with core group members met the Minister for Heavy Industries and DPE, Mr. Vilasrao Deshmukh and discussed with him issues related to the energy security of the nation and deteriorating financial health of PSU Oil Marketing Companies.
  • Bhel to build IndianOil's captive power plant
    New Delhi   16-Mar-2010
    • Public sector power equipment manufacturer Bhel has won a Rs 3,348- crore turnkey contract from IndianOil for setting up a captive power plant at its upcoming Paradip refinery in Orissa.
  • IndianOil signs pact for 2010-11
    New Delhi   16-Mar-2010
    • IndianOil has said that customer satisfaction and sustainable development are the focus areas for 2010-11.
  • IndianOil to Look Abroad, Diversify, to Cut Losses
    New Delhi   10-Mar-2010
    • State-run IndianOil, India's largest listed company by sales, plans to buy oil and gas assets overseas, expand its petrochemical business and build a liquefied natural gas terminal, to help it reduce exposure to selling discounted fuel to domestic consumers, its new chairman said.
  • IndianOil completes Haldia expansion
    New Delhi   09-Mar-2010
    • IndianOil has completed the Rs 3,700-crore capacity augmentation and product quality improvement projects at Haldia refinery.
  • Production week at IndianOil Vadodara
    Ahmedabad   07-Mar-2010
    • Mr. Anil Kukreja, DCM (RC), CRI, kicked off the celebrations of Productivity week at IndianOil Marketing Installation, Vadodara.
  • Flower show at Gujarat Refinery
    Ahmedabad   07-Mar-2010
    • Gujarat Refinery Officers Wives Club (GROW) organised the ‘31st Annual Flower Show’ featuring 200 flora varieties.
  • IndianOil retain title
    Mumbai   06-Mar-2010
    • IndianOil led by Wasim Jaffer retained the hold on KG Mahindra Memorial Trophy, fourth time in a row; when they defeated DY Patil Group by eight wickets in the 50-overs final at the MIG ground, Bandra here on Friday.
  • Guwahati Refinery officials awarded
    New Delhi   04-Mar-2010
    • Apurba Sarma and Bhubendra Nath Deka, both senior engineering assistants of P&U Department of Guwahati Refinery, were awarded with the Certificate of Appreciation of the Shram Veer Award 2008 at a function organised recently to commemorate the Assam Productivity Council's golden jubilee year.
  • NTPC, L&T keen to partner IndianOil
    New Delhi   04-Mar-2010
    • NTPC and EPC firm Larsen and Toubro are among the companies that have shown keen interest in partnering IndianOil in its $750-million LNG import terminal at Ennore near Chennai, newly appointed IndianOil Chairman Mr. B. M. Bansal said here on Wednesday.
  • IndianOil forced to review investment plans
    New Delhi   04-Mar-2010
    • <b>Mounting under-recoveries force the OMC to take up projects only with small investment requirement</b> Feeling the strain on its finances due to mounting under-recoveries from below the cost sale of key petroleum products like petrol, diesel, domestic and PDS kerosene, the country's largest refining and marketing company IndianOil has been forced to review its future investment plans.
  • IndianOil rejigs expansion plan as losses mount
    New Delhi   04-Mar-2010
    • IndianOil is revisiting its expansion plans due to the government’s delay in taking a decision on compensating it for losses incurred on selling products below the market cost. The company has now decided to go ahead with projects that have a higher internal rate of return (IRR) and go slow on those which are unlikely to generate much revenue.
  • B. M. Bansal takes charge as IndianOil chairman
    New Delhi   03-Mar-2010
    • Mr. Brij Mohan Bansal , Director (Planning & Business Development), IndianOil, on Tuesday took over the additional charge as Chairman of the flagship refiner-marketer. He takes over from Mr. Sarthak Behuria, who completed his five-year term on February 28.
  • Govt offers 10% in IndianOil plant to Saudi Aramco
    New Delhi   26-Feb-2010
    • The government has offered a 10% stake in the upcoming Paradip Refinery of state-run IndianOil to Saudi Aramco for around $650 million (around Rs 3,000 crore); a government official told reporters on Thursday.
  • Widening its operational reach
    New Delhi   25-Feb-2010
    • India’s largest public sector petroleum refiner IndianOil is diversifying fast to become an integrated energy company.
  • IndianOil organises HR Conclave
    Kolkata   24-Feb-2010
    • A one-day Human Resource Conclave-2010 was organised by Pipelines Division of IndianOil in Noida on February 20, 2010. The Conference was inaugurated by Mr. K.K. Jha, Director (Pipelines).
  • Poster (IndianOil) Productivity week
    New Delhi   19-Feb-2010
    • Mr. B. N. Bankapur, Director (Refineries), released a poster to mark the inauguration of 'Productivity Week’ in the presence of Mr. D. K. Samataray, CVO, Mr. Sudhir Bhalla, ED (HR), Refineries Headquarters and Mr. H. V. Singh, ED (I/C Projects-PDRP), Refineries Headquarters.
  • Maharatna tag for IndianOil in 90 days
    New Delhi   19-Feb-2010
    • NIES such as IndianOil, NTPC, ONGC and Sail are likely to get "maharatna" status within 60-90 days, public enterprises department secretary, Mr. Bhaskar Chatterjee said in Kolkata.
  • Rajasthan, IndianOil in talks for refinery
    New Delhi   17-Feb-2010
    • The Rajasthan Chief Minister, Mr. Ashok Gehlot, has held high-level talks with officials of the IndianOil over the possibility of a refinery project at Banner.
  • IndianOil's organizes ‘Gold Circle Panel Meet’ for dealers
    New Delhi   16-Feb-2010
    • IndianOil recently organized the ‘Gold Circle Panel Meet’ of its dealers, in Almora, Uttarakhand. The meet was attended by the 29 dealers from UP (west) and Uttrakhand, who had been selected for the elite panel based on their best overall performance in year 2008-09.
  • NTPC, IndianOil sign research MoU
    New Delhi   11-Feb-2010
    • NTPC Limited and IndianOil have recently signed an MoU for collaborative research in the areas of mutual interest in New Delhi.
  • IndianOil signs MoU with IITK
    New Delhi   10-Feb-2010
    • Commemorating the Golden Jubilee milestone, IndianOil took another special celebratory endeavour with a MoU signed with IIT Kanpur, recently for creating a Professional Chair of Petroleum Technology at the Institute.
  • IndianOil to test green diesel
    New Delhi   08-Feb-2010
    • Government-owned marketing major, IndianOil, proposes to process Jatropha Oil along with crude to get green diesel. The process has been scaled at IndianOil's research centre.
  • Research on bio jet fuel set to take off soon
    New Delhi   06-Feb-2010
    • <b>Part of Indo-Canada co-operation programme: India will soon start research on production of biofuels for the aviation industry.</b> The project's framework is expected to be ready in the 18 months. Trial production of bio jet fuel will begin in three years. Seven kilolitres will be produced on a pilot basis at the end of three years from about 21 tonnes of Jatropha. If successful, there could be a commercial production.
  • Oil and gas conservation fortnight concludes at Guwahati
    Guwahati   04-Feb-2010
    • This year's 'Oil and Gas Conservation Fortnight (OGCF)', kick started on January 15. The inaugural function held on January 16 was graced by Mr. Shyam Mewara, IAS, Principal Secretary, Department of Foqd and Civil Supplies, Government of Assam and Dr. Amarjyoti Choudhury, Professor, Tezpur University in the presence of Mr. G. Bahnumyurthy, Executive Director, Team from NEISO and GSPL, Dealers and Distributors, Media and a large turnout of school children.
  • IndianOil to commission Rs 3,700-cr projects at Haldia Refinery soon
    New Delhi   04-Feb-2010
    • IndianOil will be completing the commissioning of a range of projects worth approximately Rs 3,700 crore next week at its Haldia refinery. The projects, aimed at product quality improvement and capacity augmentation, would also increase the refinery's capacity to produce Euro-IV grade auto-fuel.
  • Top Leadership of IOOA meets new Petroleum Secretary
    New Delhi   04-Feb-2010
    • The top leadership of the Indian Oil Officers Association (IOOA) met the new Petroleum Secretary Mr. S. Sundareshan and extended all support from the association in achieving the energy security and economic growth of the Nation.
  • IndianOil’s Orissa Refinery to shape up in 12
    New Delhi   04-Feb-2010
    • The first phase of IndianOil’s Paradip oil refinery project will be completed by March, 2012, says company said Chairman, Mr. Sarthak Behuria, here on Wednesday.
  • Refinery adds another plume to its beret
    New Delhi   03-Feb-2010
    • Guwahati Refinery became IndianOil’s third refinery and the first from the North-east to qualify for the Total Productive Maintenance (TPM) Excellence Award, a Guwahati Refinery press release said.
  • SERVO lubricants now in Qatar
    Mumbai   01-Feb-2010
    • India's leading lubricants brand, SERVO, was formally launched in the highly competitive Qatar market at a glittering function held at Doha recently. With this, IndianOil's flagship brand lubricants are now available in 17 international markets.
  • IndianOil fears Rs. 12,000 crore loss in '09-10
    New Delhi   31-Jan-2010
    • IndianOil has said that if the government does not increase the subsidy amount given to it for losses incurred on sale of cooking fuels, the company will end the year with a revenue loss of Rs 12,000 crore.
  • IndianOil capital expenditure set at Rs 14,500 crore for 2010-11
    New Delhi   21-Jan-2010
    • The country’s largest oil marketing company, IndianOil has lined up capital expenses of Rs.14,500 crore for the next financial year. In addition, IOC proposes to float a public issue after government implements a clear policy on fuel pricing after a high-level committee headed by Dr. Kirit S. Parikh submits its report this month.
  • IndianOil clinch DY Patil title
    Mumbai   18-Jan-2010
    • IndianOil scored an impressive win over Canara Bank in the finals of the 12.5 lakhs prize money “Dr. DY Patil Twenty20” cricket tournament played at Dr. DY Patil Stadium, Nerul.
  • IndianOil looking to expand global footprint
    New Delhi   19-Jan-2010
    • Country's largest Oil Marketing Company (OMC), IndianOil, with a market value of over Rs 50,000 crore, proposes to give a fillip to its research and development (R&D) initiatives to expand its global footprint, diversify into new businesses and generate extra revenue.
  • 'We plan to acquire mid-size E&P companies'
    New Delhi   16-Jan-2010
    • IndianOil has come a long way in its 50 years of existence. So far, it has been primarily known as a petroleum company. But IndianOil is now gearing to become an energy company by foraying into new sources of energy, such as wind and nuclear.
  • IndianOil organizes Science Congress
    New Delhi   15-Jan-2010
    • Vaigyanik Sanghpshti’ a one-day science congress in Hindi was held at Indian Habitat Centre, New Delhi recently. Based on the theme Petroleum Udyog Vision 2030, the congress was attended by eminent scientists from all across the country.
  • IndianOil plans for Haldia refinery
    New Delhi   13-Jan-2010
    • IndianOil will raise capacity of Haldia refinery by 25 per cent to 7.5 million tonnes in one month, Director (Refineries) Mr. B. N. Bankapur, said on Tuesday.
  • IndianOil to supply clean fuel to 13 cities
    New Delhi   12-Jan-2010
    • IndianOil, the country's largest refiner, and other state-run refiners will supply Euro -IV grade petrol and diesel in 13 big cities from April 1, 2010, but supply of the cleaner fuel to rest of the country may be delayed by three to six months.
  • Director R&D, IndianOil gets 'Bihar ICON & Change Agent Award'
    New Delhi   12-Jan-2010
    • Mr. Anand Kumar, Director R&D, IndianOil, was recently awarded the 'Bihar ICON & Change Agent Award'. The Deputy CM of Bihar, Mr. Sushil Modi, gave away the award to Mr. Kumar at a function held recently in Patna, Bihar.
  • Honour for Namrup oil depot
    New Delhi   06-Jan-2010
    • <b>Namrup:</b> Namrup Transport Services, commonly known as Namrup Petrol Depot, the oldest outlet operating services in greater Namrup area which houses three major gas-based industries, tea gardens, stone quarries, etc., has received the third party certified retail outlet (TPC RO) certificate from IndianOil after the satisfactory inspection and audit reports by SGS (Society General de Survelliance), Geneva, an internationally reputed external agency.
  • Indian Oil hikes auto LPG price by 7.6% for 2nd time since Dec
    New Delhi   06-Jan-2010
    • The country's largest oil marketing company, IndianOil has hiked the price of Auto Gas, the LPG marketed for use in automobiles, for the third month in a row. The price of auto LPG used in automobiles as an alternative to diesel and petrol has been raised 7.67 per cent to Rs 31.30, beginning January 1.
  • IndianOil wants 50,000 acres for biofuel cultivation in UP
    New Delhi   05-Jan-2010
    • <b>New government policy on biofuels may consider financial incentives</b> IndianOil, the country’s biggest oil marketing company, is looking to acquire 50,000 hectares of wasteland in Uttar Pradesh for plantation of non-edible oilseeds, such as Jatropha and Karanjia, that are used for biodiesel production.
  • IndianOil revisits Ennore project for LNG terminal, power unit
    New Delhi   04-Jan-2010
    • IndianOil has decided to commission a detailed feasibility report (DFR) on a 2.5-million tonne a year liquefied natural gas (LNG) import terminal at Ennore, on the outskirts of Chennai. The company is also exploring the possibility of setting up a power plant with the terminal.
  • Underground LPG for customer convenience
    New Delhi   02-Jan-2010
    • IndianOil has taken the initiative to set up underground tanks in residential and commercial complexes to store LPG for convenience of the customers.
  • New leadership at IOOA
    New Delhi   01-Jan-2010
    • New team of the apex body of IndianOil Officers Association has taken over.
  • PHBPL gets 'Rajiv Gandhi National Quality Award'
    New Delhi   25-Dec-2009
    • The Paradip Haldia-Barauni Crude Oil Pipeline (PHBPL) received the prestigious 'Rajiv Gandhi National Quality Award - 2008 instituted by the Bureau of Indian Standards in the category of large scale service industry recently.
  • Panipat Refinery wins Energy Conservation award
    New Delhi   22-Dec-2009
    • The Haryana State Level Committee has conferred upon Panipat Refinery the first prize for excellence in Energy Conservation in H.T consumer’s category for the year 2008-09.
  • IndianOil Refineries win NEC Awards
    Mumbai   21-Dec-2009
    • IndianOil's Barauni, Digboi and Panipat Refineries have won the prestigious National Energy Conservation Awards 2009. Barauni Refinery won the first prize in the Refinery category while both Digboi Refinery and Panipat Refinery won the second prize.
  • 2 PRSI awards for lndianOil’s Haldia Refinery
    New Delhi   19-Dec-2009
    • IndianOil's Haldia Refinery bagged two awards from the 'Public Relations Society of India (PRSI), the apex body of Public Relations professionals in India, for outstanding demonstration of talent and creativity in corporate communications.
  • IndianOil wins ‘Beighton Cup’
    New Delhi   16-Dec-2009
    • Mumbai based IndianOil won the I14th ‘Beighton Cup’ 9-8 via sudden death against South Central Railway in Kolkata on Tuesday.
  • Oil PSUs on cleaner fuel
    New Delhi   16-Dec-2009
    • IndianOil and other state-run refiners are seeking a three-month extension in deadline for supply of cleaner Euro-Ill and Euro-IV grade petrol and diesel to July 2010.
  • IndianOil refineries win National Energy Conservation Awards 2009
    New Delhi   16-Dec-2009
    • Indian Oil's Barauni, Digboi and Panipat Refineries have won the prestigious National Energy Conservation Awards 2009. Barauni Refinery won the First Prize in the Refinery category while both Digboi Refinery and Panipat Refinery won the second Prize.
  • IndianOil honors retail outlet dealers
    New Delhi   15-Dec-2009
    • IndianOil recently honoured the 25 best retail outlet dealers based in Uttrakhand for their achievement in high volume product sales and customer satisfaction at a dealer conference held in Rudrapur. Mr. Indrajit Bose, GM, UPSO-II, Noida honored these 25 RO dealers for their overall best performance in the presence of Mr . Y.K. Gupta, DGM (Retail sales), UPSO-II, Mr. Subhajit Ghosh, Chief Manager (Retail Sales) UPSO-II, Mr. Ashvani Dua, Divisional Manager, Dehradun; besides other officials of
  • IndianOil takes BOOT route for Paradip
    New Delhi   10-Dec-2009
    • What was till now a popular model in the road sector has now become a strategy for cash-strapped IndianOil to save on capital investment. The company has managed to bring down the cost of its Rs. 29,777-crore Paradip refinery by Rs. 5,000 crore, by taking recourse to the build-own-operate-transfer (BOOT) model.
  • IndianOil set to choose among 3 oil fields, spend $1 bn
    New Delhi   10-Dec-2009
    • The country's largest oil refining and marketing firm, IndianOil, which has been scouting for an oil property for the last several years, said it is all set to acquire a mid-sized oil producing properly in the next six months with an investment of upto $ 1 billion (Rs 4,600 crore).
  • IndianOil's decision on Ennore LNG terminal
    Kolkata   08-Dec-2009
    • State-run IndianOil will decide on the fate of its $750-million (Rs 3,500 crore) liquefied natural gas (LNG) import terminal at Ennore on the outskirts of Chennai in the next two-three months, IndianOil, Director (Business Development) Mr. B. M. Bansal said on Monday.
  • IndianOil scouts overseas for LNG
    New Delhi   08-Dec-2009
    • In what signifies the Indian industry’s gradual shift from liquid fuels toward natural gas, IndianOil is scouting overseas markets for sourcing 2.5 million tonne per annum (mmtpa) of LNG and also seriously considering reviving its $750 million Ennore LNG re-gasification terminal project, which was put on hold in 2007 after huge gas discoveries were reported in the Krishna-Godavari (KG) basin.
  • IndianOil's revenue May slip by Rs. 28.000 Crore
    New Delhi   08-Dec-2009
    • IndianOil, the country's largest petroleum marketing company, expects revenue loss of Rs. 27,000-28,000 crore for selling fuels below cost price by the end of their current financial year, in March 2010.
  • IndianOil launches - fuel gift card
    Kolkatta   03-Dec-2009
    • State-owned oil marketing major IndianOil on Wednesday launched a fuel gift card which facilitates paperless gifting of fuel and lubricants.
  • The Straight Talker
    New Delhi   12-Dec-2009
    • On a muggy May afternoon in the capital in 2008, when IndianOil Corporation chief Sarthak Behuria thundered words that painted an image of a country without oil, it wasn't just an expression of a quarter of pain. It was an outpouring of years of anguish.
  • IndianOil, Adani in Gas distribution JV
    New Delhi   30-Nov-2009
    • IndianOil and Adani Energy Ltd are forming a new joint venture company for setting up city gas distribution (CGD) projects in various cities, including Chandigarh, Allahabad and Ghaziabad.
  • IndianOil begins 'Check and Fill’ campaign
    New Delhi   27-Nov-2009
    • IndianOil recently launched a three month nationwide 'Check and Fill' campaign at all the retail outlets for giving assurance to the customers about right quantity and quantity of fuel.
  • IndianOil launches campaign
    New Delhi   24-Nov-2009
    • Recently, IndianOil launched a three-month nationwide 'Check and Fill' campaign at all the retail outlets for giving assurance to the customers about right quantity and quantity of fuel.
  • IndianOil to recruit engineers based on GATE scores
    New Delhi   24-Nov-2009
    • IndianOil plans to recruit fresh engineering graduates based on their GATE score instead of depending on a written test conducted by it. The PSU oil sector major, will shortlist candidates for interviews based on their GATE score beginning 2010, according to a company official.
  • IndianOil chairman inaugurates retail outlet
    New Delhi   23-Nov-2009
    • <b>Digboi:</b> In a bid to modernize and to upgrade retail outlets as a part of the commitment of IndianOil towards the Northeast, the M/s Makum Motors, Digboi, which is the oldest IndianOil retail outlet in Upper Assam was formally inaugurated recently, IndianOil Mr. Sarthak Behuria inaugurated the retail outlet.
  • IndianOil retired officers conference concludes
    Guwahati   17-Nov-2009
    • The 17th annual conference of IndianOil Retired Officers' Welfare Association, Guwahati, was held recently at the Guwahati Refinery guesthouse under the president ship of DN Bordoloi.
  • Bongaigaon Refinery bags OGCF-2009 Award
    Kolkatta   18-Nov-2009
    • The Bongaigaon Refinery of IndianOil has been awarded the second prize of Oil & Gas Conservation Award 2009 in Group-2 category (Refineries having steam consumption upto 0.50 MT/MT of crude processed).
  • IndianOil - India’s largest commercial enterprise
    New Delhi   16-Nov-2009
    • India's flagship national oil company and downstream petroleum major, IndianOil is the country's largest commercial enterprise, with a sales turnover of Rs. 2,85,337 crore - the highest-ever for an Indian company - and a net profit of Rs. 2,950 crore for the year 2008-09. IndianOil is also the highest ranked Indian company in the prestigious <i>Fortune</i> 'Global 500' listing, having moved up 11 places to the 105th position in 2009.
  • IndianOil storm into final
    New Delhi   13-Nov-2009
    • A star-studded IndianOil entered the final of the 26th IndianOil ‘Servo Surjit Hockey Tournament’ by beating Border Security Force, Jalandhar, 5-4 via a tiebreaker at the Olympian Surjit Hockey Stadium on Thursday.
  • IndianOil filling station dealer felicitated
    New Delhi   13-Nov-2009
    • ‘Manglore Highway Filling Station’ of Magalore, District Haridwar, has been awarded with a third party certificate for its high performance standards in customer services.
  • 'IndianOil must pump in Rs 40k cr a year to grow'
    New Delhi   13-Nov-2009
    • IndianOil the country’s biggest company by sales, will have to invest Rs 40,000 crore annually to maintain growth. For that, it needs to generate annual profit of Rs 10,000 crore, says a senior official of the public sector oil marketing company (OMC) which has heavy under-recoveries on retail sale of key petroleum products in the domestic market due to the regulated pricing regime.
  • IndianOil enter semis
    New Delhi   11-Nov-2009
    • A star-studded IndianOil, Mumbai, entered the semifinals of the “26th IndianOil Servo Surjit Hockey tournament” defeating RCF, Kapurthala, 2-1 at the Olympian Surjit Hockey Stadium on Tuesday.
  • IndianOil maintains petroleum supplies in Rajasthan
    New Delhi   11-Nov-2009
    • Post a major fire that broke out at IndianOil's Sanganer Terminal at Jaipur, the Supplies & Distribution team of IndianOil's Marketing Division has since drawn up an elaborate re-alignment plan for supplies of petroleum products to Jaipur and its neighborhood from its other depots and terminals in the state.
  • Current under-recovery is about Rs. 75 crore a day
    New Delhi   11-Nov-2009
    • Chairman and managing director of IndianOil Mr. Sarthak Behuria said in an interview that it was difficult to compute numbers at his firm due to a combination of inventory gains and slightly lower gross refining margins.
  • IndianOil to double R&D funds
    New Delhi   06-Nov-2009
    • State-run IndianOil has proposed to double its investments on research and development in order to develop new technologies, a top company official said on Thursday.
  • Vigilance Awareness Week observed at IndianOil
    New Delhi   06-Nov-2009
    • The vigilance awareness week was observed at all Indian oil offices, installations, and locations under the guidance of the central vigilance commission to sensitize and spread awareness to uphold the corporate value of trust and ensure total commitment to corporate ethics.
  • 'Haldia Refinery bags Safety Innovation Award 2009
    New Delhi   06-Nov-2009
    • In a recognition to its innovative safety culture, IndainOil’s Haldia Refinery was conferred the ‘Safety Innovation Award-2009’ for achieving excellence in innovating safety measures by the Safety and Quality Forum of The Institution of Engineers (India).
  • IndianOil launches vigilance software
    New Delhi   06-Nov-2009
    • India's leading commercial organization - IndianOil, which has been pursuing implementation of preventive vigilance through leveraging technology has launched a new Vigilance Software making the vigilance function more professional and leading to a more effective vigilance administration.
  • IndianOiI chief rues uncertainty of investment return
    New Delhi   06-Nov-2009
    • <b>Indian refiners world class in operations, but still relying on foreign technology</b> The Chairman and Managing Director of IndianOil, Mr. Sarthak Behuria, on Thursday rued that the "much needed investment in the oil refining industry is not attaining its required level" because of "uncertainty of (investment returns".
  • The League of Champions
    New Delhi   28-Oct-2009
    • <b>The race for the top position in the BW 500 ranking is getting close and intense</b> India's biggest company, public sector oil refiner and marketer IndianOil, is struggling to hold on to its coveted appellation, with Reliance Industries (RIL) breathing down its neck.
  • IndianOil - CPCL agreement
    New Delhi   27-Oct-2009
    • IndianOil's pipelines division has signed an agreement with Chennai Petroleum Corporation Ltd. (CPCL) for engineering, procurement and construction management (EPCM) consultancy services for crude oil tankages and onshore crude transfer cross-country pipeline for Single Point Mooring (SPM) system project of CPCL.
  • IndianOil to offer consultancy to Chennai Petroleum
    New Delhi   26-Oct-2009
    • OIL refining and petroleum products marketing company IndianOil will provide engineering, procurement and construction management (EPCM) consultancy services for crude oil storage tanks and onshore crude transfer to Chennai Petroleum Corporation (CPCL).
  • Mukesh Kumar triumphs at Digboi golf
    New Delhi   26-Oct-2009
    • Mukesh Kumar romped home with a seven-stroke margin on the final day of the IndianOil Xtra Premium Masters Golf tournament to defend his title in the quaint surroundings of the Digboi Golf Links, here Sunday.
  • Prestigious Award for Bongaigaon Refinery
    New Delhi   22-Oct-2009
    • The Bongaigaon Refinery, IndianOil has been awarded the prestigious "Greentech Environment Excellence Award, 2009 under Platinum Category" for Environment Management.
  • ONGC GAIL IndianOil bag OISD Awards for 2008-09
    New Delhi   22-Oct-2009
    • Murli Deora, Minister of Petroleum & Natural Gas and Jitin Prasada, Minister of State for Petroleum & Natural Gas presented the “Oil Industry Safety Awards” for the year 2008-09 to the Chief Executives of winning Oil & Gas organizations in a ceremony organised by Oil Industry Safety Directorate (OISD) in New Delhi.
  • IndianOil 's 1:1 bonus issue gets approval
    New Delhi   21-Oct-2009
    • After a gap of six years, flagship refiner-marketer IndianOil on Tuesday said it would reward its shareholders by giving one free share for every scrip held. The state-run company told the Bombay Stock Exchange that its stakeholders had approved the 1:1 bonus issue by way of postal ballot.
  • Bongaigaon Refinery bags award
    Kolkata   19-Oct-2009
    • The Bongaigaon Refinery of IndianOil has been awarded the "Greentech Environment Excellence Award, 2009 under platinum Category" for its performance in Environment Management.
  • Oil industry awards
    New Delhi   21-Oct-2009
    • The Union Minister for Petroleum and Gas, Mr. Murli Deora, and the Minister of State, Mr. Jitin Prasada, presenting the oil industry safety award to the IndianOil Chairman, Mr. Sarthak Behuria, and his team in the Capital on Tuesday.
  • IndianOil, SAIL chiefs bag govt awards
    New Delhi   16-Oct-2009
    • PM Manmohan Singh on Thursday conferred IndianOil Chairman Mr. Sarthak Behuria and Mr. S. K. Roongta, Head of steelmaker SAIL, the Scope Awards for contribution to the growth of public sector and its management in their respective categories.
  • Chairman receives MOU Award from PM
    New Delhi   16-Oct-2009
    • IndianOil’s Chairman Mr. Sarthak Behuria (L) receives MOU award from the PM Manmohan Singh as Vilasrao Deshmukh (M) looks on.
  • IndianOil, Priya gold in pact
    New Delhi   16-Oct-2009
    • <b>Chandigarh:</b> Biscuit maker Priyagold will be selling its products at 3,000 petrol stations of the IndianOil in Punjab, Himachal Pradesh and J&K. The company has signed a memorandum of understanding with IndianOil in this regard.
  • PSUs bag India Pride Awards
    New Delhi   16-Oct-2009
    • IndianOil was awarded the 'Chairman Award for Global Impact by an Indian PSU' by a premier publication recently. The award, comprising a trophy and a certificate was presented to B.M.
  • What's your quiz quotient?
    New Delhi   14-Oct-2009
    • What's the difference between a copy and replica? Where in Delhi have some 800 Mongo-has been buried? Questions as these were enough for school kids of the Capital to ask for more at the Times NIE fundamental quiz 2009-10 held at Sir Port Auditorium on Monday As Anshul, Prateek and Roshan of New Era Public School, Mayapuri incidentally the winners of the Rodin's trophy put it, "It's the best moment of our lives. It's great to compete with such fantastic teams."
  • IndianOil bags pipeline project of CPCL
    New Delhi   13-Oct-2009
    • IndianOil's Pipelines Division has bagged an onshore pipeline project for EPCM consultancy services. The project involves crude oil tankage and onshore crude transfer cross-country pipeline for Single Point Mooring (SPM) system project of Chennai Petroleum Corporation Ltd. (CPCL).
  • Surya Food to sell biscuits at IndanOil outlets
    New Delhi   12-Oct-2009
    • Biscuit maker Surya Food and Agro has entered into an agreement with the IndianOil to distribute its products through the state-run oil marketing firm's various outlets. The agreement is for a period of one year initially and will be renewed.
  • IndianOil fends off Railways' challenge
    New Delhi   07-Oct-2009
    • IndianOil had to ward off a formidable challenge from Indian Railways before it sealed its place in the semifinals of the MCC-Murugappa Gold Cup hockey tournament at the Mayor Radha Krishnan Stadium on Tuesday. The 1-0 verdict, thanks to Rupinder Singh's effort two minutes before the final whistle, saved the day for IndianOil.
  • IndianOil allies with companies to promote solar lamps
    New Delhi   05-Oct-2009
    • Government-owned crude oil refinery IndianOil is working towards utilising its extensive network, especially in remote areas, to promote solar lamps in the countryside. Besides providing livelihood opportunities, the effort would ensure better illumination and smoke-fee indoor environment. The efforts are in line with UPA's mandate of achieving energy security.
  • IndianOil (R&D) stands by the environment
    New Delhi   05-Oct-2009
    • Speaking on the occasion of the Bamboo Plantation Drive launch on the International Ozone Day, Mr. Anand Kumar, Director (R&D), IndianOil said that "From cradle to grave the bamboo abides with us and it is pertinent that we as residents of planet Earth should be able to revive the green and clean environment."
  • IndianOil opens first auto-gas station in Dehradun
    New Delhi   03-Oct-2009
    • IndianOil, celebrating its Golden Jubilee Year, has always been committed to provide clean and green fuel to the motorists in the country. Vehicular exhaust and emission is one of the major causes of damaging environment in the towns/ cities.
  • National Safety Awards Presented to lndianOil's Bongaigaon Refinery
    New Delhi   28-Sep-2009
    • Bongaigaon Refinery of IndianOil was selected for two 'National Safety Awards' instituted by the Ministry of Labour & Employment, Government of India. Bongaigaon Refinery was declared as the 'Winners' under both Scheme-I and Scheme-II for achieving the 'Lowest Average Frequency Rate' and 'Lost Time Accident Free Year for the performance year 2007.
  • IndianOil plans to set up Rs 1,400 a LPG pipeline
    New Delhi   28-Sep-2009
    • Country's biggest refiner, IndianOil, is planning an Rs 1,400 crore LPG pipeline from Paradip to Haldia, which will be further extended to Durgapur. At present, the team involved is preparing the feasibility report.
  • Director (Finance), IndianOil, addresses Pipeline Division’s Finance fraternity
    Ahmedabad   25-Sep-2009
    • IndianOil's Western Region Pipeline had recently hosted a 'Conference of Finance functionaries' from Regional and Divisional Headquarters at Rajkot. Mr. S. V. Narasimhan, Director (Finance) who visited Gauridad on 15th September, 2009 reviewed the agenda points of Finance conference held on the previous day.
  • Indian Oil seeks autonomy to fix retail fuel prices
    New Delhi   26-Sep-2009
    • IndianOil, the nation's largest oil company, has asked the government for freedom to fix retail fuel prices and snore autonomy in carrying out day to day affairs of the company. IndianOil, in the Annual performance memorandum it signs with the Petroleum Ministry, stated that the Navratna oil; companies should be granted freedom to fix retail selling price of petrol, diesel, domestic, LPG and kerosene.
  • IndianOil lines up four pipeline projects
    New Delhi   25-Sep-2009
    • Having commissioned Paradip-Haldia crude oil pipeline recently, government-owned oil refiner IndianOil will commission four new pipelines from mid-December. The new pipelines will add about 600 km to the existing domestic pipeline network of 10,329 km of the company.
  • Bacteria dose for Paradip oil spill
    New Delhi   25-Sep-2009
    • IndianOil is rusfting a team armed with oil-eating natural bacteria to tackle the oil spillage at Paradip from the ship Black Rose that sank near the port on September 9. Mr. Anand Kumar, Director (R&D) said IndianOil has developed special bacteria at its R&D centre in Faridabad, which feed on oil and reduce it to eco-friendly natural soil.
  • Golden Jubilee IndianOil Idol contest showcases music talent of IndianOil people
    Kolkata   23-Sep-2009
    • IndianOil's Grand Golden Jubilee Celebrations brought to fore the immense musical talent of IndianOil family members. The mega IndianOil Idol Finale at New Delhi saw twelve-year-old Ms. Nandini Sharma from Assam Oil Division and fourteen old Masters Karan Kanani from Gujarat Refinery lift the IndianOil Idol Trophy and cash award.
  • IndianOil-Adani wins CNG rights for Ghaziabad
    New Delhi   23-Sep-2009
    • IndianOil, and Adani Energy Ltd consortium has won the rights to retail compressed natural gas, or CNG, to automobiles, and piped gas to industries in Ghaziabad by quoting zero pipeline tariff for the entire 25 years of the licence duration.
  • Bongaigaon Refinery gets National Safety Awards
    New Delhi   22-Sep-2009
    • Bongaigaon Refinery of IndianOil, bagged two 'National Safety Awards' from the ministry of labour and employment at a function held in Vigyan Bhawan, New Delhi.
  • IndianOil raises capex plan by over a fifth
    New Delhi   20-Sep-2009
    • <b>The firm will spend Rs 53,000 crore in 11th Plan period</b> The capital expenditure of IndianOil, the country's largest oil marketing company, has been revised upwards by 22 per cent to Rs 53,000 crores for the Eleventh Plan Period (2007-12). The original outlay was Rs 43,400 crores. While most of this is due to higher project costs, an investment of about Rs 1,400 crores has been earmarked for new projects.
  • Bongaigaon Refinery distributes food items among lepers
    Guwahati   16-Sep-2009
    • IndianOil’s Bongaigaon Refinery (BGR) has always showed sympathy towards the inmates of Santipara Leprosy Home and Hospital. When special occasions are celebrated, Bongaigaon Refinery always remembers to share its joy with the suffering people.
  • IndianOil golden jubilee quiz
    New Delhi   18-Sep-2009
    • The team from refineries headquarters lifted the IndianOil Quiz trophy. Charu Sharma conducted the quiz, organized as part of the golden jubilee celebrations of IndianOil.
  • IndianOil targets 15% revenue from petrochemical in 3 yrs
    New Delhi   15-Sep-2009
    • IndianOil is currently implementing projects worth Rs 60,000-crore, which includes capacity expansion of refineries and building of petrochemical plants. The nation's largest PSU refiner, with investments of over Rs 20,000-crore in petrochemicals, also expects the sector to contribute 15 % revenues in the next three years.
  • IndianOil to issue 1:1 bonus shares
    New Delhi   15-Sep-2009
    • <b>Mumbai:</b> IndianOil's board has recommended issue of bonus shares in the ratio of one share of Rs 10 for one equity share of Rs 10 held. Consequent, to the issue, IndianOil's paid-up equity capital would increase to Rs 2,427.95 crore from Rs 1,213.98 crore.
  • IndianOil Day celebrations at Bongaigaon Refinery
    Guwahati   06-Sep-2009
    • IndianOil Day was celebrated at Bongaigaon Refinery recently with zeal and enthusiasm. His Excellency Ranjit Shekhar Mooshahary, Honourable Governor of Meghalaya graced the occasion as the chief guest. The programme commenced with playing of BGR song and IndianOil song Followed by presentation of a welcome song by a group of employees.
  • Cultural prog on IndianOil golden jubilee
    Guwahati   05-Sep-2009
    • On the occasion of IndianOil's golden jubilee programme, a cultural programme was held at Golden Jubilee auditorium. The programme was inagurated by Mr. Subroto Ghosh, Executive Director of IndianOil’s AOD by lighting the ceremonial lamp.
  • IndianOil Idol contest
    New Delhi   08-Sep-2009
    • IndianOil's grand golden jubilee celebrations brought to fore the immense musical talent of IndianOil family members. The mega IndianOil -Idol finale at New Delhi saw 12-year-old Nandini Sharma from Assam Oil Division and 14-year-old Karan Kanani from Gujarat Refinery lift the IndianOil Idol Trophy and cash award.
  • Pandey releases special edition on IndianOil's Golden Journey
    Jammu   06-Sep-2009
    • To commemorate the 50 glorious years a special edition Golden Jubliee publication - capturing the chronicle of IndianOil - the historical hues, memories, triumphs and milestones of the long and eventful journey of IndianOil while specifically focusing on the IndianOil Refineries - was realised by Secretary, MoP& MG, Mr. R. S. Pandey at the special function in New Delhi marking the incorporation of Indian Refineries Limited in 1958.
  • Chennai Petroleum plans to invest Rs l, 000 cr in FY10
    New Delhi   08-Sep-2009
    • A subsidiary of the state-owned IndianOil, Chennai Petroleum Corp. Ltd will invest Rs1OOO crore in the fiscal year 2010 to expand its refinery's annual production capacity by 1 million tones (mt) and revamp its fuel production facility, a top company official said.
  • Assisted delivery
    New Delhi   07-Sep-2009
    • IndianOil had a press conference to announce the launch of its SMS facility for booking LPG cylinders. Petroleum Minister Mr. Murli Deora was quickly registered as a consumer to demonstrate how the service worked and he sent an SMS ordering a refill. Immediately, his cell phone buzzed and an automated SMS reply said, "your refill has been delivered".
  • Achievements of DPS, Digboi
    Guwahati   04-Sep-2009
    • All work and no play make Jack a dull boy the students of the Delhi Public School (DPS), Digboi, take said saying to heart. Not only they have taken part in extra-curricular activities wholeheartedly but also they have excelled in many fields. For instance, the schools troops emerged winners in the march past in the Independence Day celebration held at Digboi parade ground.
  • IndianOil open to new tie-ups for coal power project
    New Delhi   05-Sep-2009
    • With the joint venture with Tata Power for a 1,000 MW project not taking off as planned, IndianOil is open to joining hands with other private sector companies for putting up coal-based power projects.
  • IndianOil open quiz held
    Guwahati   01-Sep-2009
    • Quiz, master Barry O'Brian enthralled the audience with his quizzing skill and witty one-liners at IndianOil Brain Jam Open Quiz 2009, held at Pragjyoti' Cultural Complex,, Machhkhowa on Sunday evening.
  • IndianOil Day
    Guwahati   02-Sep-2009
    • IndianOil Day marking the foundation of IndianOil was observed in Guwahati Refinery on September 1 at the refinery plant canteen amidst a large gathering of refinery employees.
  • IndianOil to form venture with NPCIL
    New Delhi   03-Sep-2009
    • IndianOil plans to sign a memorandum of understanding with Nuclear Power Corporation of India (NPCIL) for venturing into nuclear power generation business. Mr. B. M. Bansal, Director (Planning and Business Development), told Business Line "IndianOil board has given an in-principle approval to go into nuclear power generation. We hope to sign a MoU with NPCIL this month."
  • IndianOil enters nuclear power
    New Delhi   02-Sep-2009
    • Aided by the Indo-US nuclear deal, public sector giants are eyeing new fortunes in nuclear power. IndianOil has joined the fray with a plan to enter nuclear power generation.
  • IndianOil to open 1,362 outlets
    New Delhi   28-Aug-2009
    • IndianOil proposes to open 1,362 retail outlets in rural areas across Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir. Over 600 of these new retail outlets will also have Kisan Sewa Kendras on the premises.
  • IndianOil honours its regional customers
    New Delhi   28-Aug-2009
    • In the event of the ongoing golden jubilee celebrations, IndianOil's Punjab state office organized a felicitation function In Chandigarh for its bulk customers based in the states of Punjab, Jammu & Kashmir, Himachal Pradesh and Union Territory Chandigarh.
  • Green Ride
    New Delhi   27-Aug-2009
    • <b>Tapping a new source </b> The Minister for New and Renewable Energy, Dr Farooq Abdullah, drives a three-wheeler at the "World Hydrogen Technology Convention 2009 in New Delhi on Wednesday".
  • IndianOil celebrates 50 yrs in the service of nation
    New Delhi   27-Aug-2009
    • IndianOil, driven by the sprit of customer service and patriotism is celebrating its Golden Jubilee Year. As part of its celebrations, IndianOil while renewing its pledge for excellence in customer service is conducting various customer related programs throughout the country for strengthening bonds with its stakeholders.
  • Hydrogen-CNG mix to fuel Games vehicles
    New Delhi   27-Aug-2009
    • IndianOil has initiated talks with automobile companies, including Tata Motors Ashok Leyland, Mahindra & Mahindra and Eicher Motors, with the objective of putting on Delhi's roads buses, cars and three-wheelers that can run on a fuel mix of hydrogen and compressed natural gas (CNG) during the Commonwealth Games.
  • IndianOil brings in hydrogen blends
    New Delhi   25-Aug-2009
    • IndianOil has taken the first baby step for the country in the goal towards using hydrogen as an alternative fuel for running vehicles.
  • IndianOil donates special footballs
    Mumbai   22-Aug-2009
    • IndianOil extended its helping hand in organising an Exhibition Football Match for the Blind, which was played between Blind Relief Association (BRA), Delhi and National Blind Youth Association (NBYA) teams.
  • IndianOil completes 50 years
    New Delhi   22-Aug-2009
    • India's flagship national oil company and downstream ' petroleum major, IndianOil is celebrating its Golden Jubilee in 2009. IndianOil is India's largest commercial enterprise with a sales turnover of Rs. 2,85,337 crore and also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, with a ranking of 105 in 2009.
  • Golden jubilee celebrations- Guwahati
    Guwahati   15-Aug-2009
    • <b>Refinery organises sports meet at adopted village</b> Carrying its rural community service forward during Indian Oil's golden jubilee celebrations, Guwahati Refinery organized a four-day rural sports meet at Gumoria Pathar village on August 8, 2009.
  • IndianOil scrip surges 3%
    New Delhi   17-Aug-2009
    • Shares of IndianOil surged over 3 per cent on Friday to Rs 567 on plans of increasing its auto LPG outlets The stock touched a high of Rs 576 and a low of Rs 551 during the day.
  • IndianOil to boost auto LPG outlets
    New Delhi   17-Aug-2009
    • State-run IndianOil is planning to take the number of its Auto LPG outlets to 300 by the year-end. The company has over 230 auto LPG dispensing stations across 124 cities.
  • IndianOil-Adani wins CNG rights
    New Delhi   11-Aug-2009
    • The IndianOil and Adani Energy combine has bagged rights to retail CNG to automobiles and piped gas to industries in Chandigarh and Allahabad by quoting zero pipeline tariff.
  • BPCL, IndianOil launch b2b initiative
    Mumbai   11-Aug-2009
    • Mr. P. K. Sinha, Additional Secretary and Financial Advisor -Ministry of Petroleum and Natural Gas, has launched the business-to-business initiative of Bharat Petroleum Corporation Ltd and IndianOil at a function held at the Kochi Refinery.
  • IndianOil-Adani quotes zero tariff win CNG rights
    New Delhi   11-Aug-2009
    • IndianOil and Adani Energy - combine has bagged rights to retail CNG to automobiles and piped gas to industries in Chandigarh and Allahabad by quoting a zero pipeline tariff.
  • IndianOil's Paradip refinery work from December
    New Delhi   05-Aug-2009
    • The civil construction of the 15 million tonne per annum refinery of the IndianOil at Paradip is expected to start by December this year. Detail engineering, procurement of long lead items and material requisition preparation for other items have already started at the site.
  • IndianOil donates ambulance to Pranab Kanya Sangha
    Kolkata   03-Aug-2009
    • IndianOil donated an ambulance to the Howrah branch of ‘Pranab Kanya Sangha’ on 22nd July, 2009. The ambulance will ensure speedy medical care for the members of the old age home for women and a hostel for destitute children that are run by the institute.
  • KV principals conference
    Guwahati,   02-Aug-2009
    • A three-day Principals' Conference 2009 of Kendriya Vidyalaya Schools, Guwahati region hosted by Kendriya Vidyalaya IndianOil, Noonmati was organised at Training Centre - Sector II, IndianOil, and Noonmati recently.
  • Hyundai Motor ties-up with IndianOil
    New Delhi   31-Jul-2009
    • Hyundai Motor India Ltd., the country's largest passenger Car exporter and the second largest automobile manufacturer tied-up with IndianOil to jointly launch an innovative promotional campaign targeting the existing and potential customers.
  • IndianOil profit jumps to Rs 3,683 crore
    New Delhi   31-Jul-2009
    • IndianOil on thursday posted its highest-ever April-June quarter profit at Rs 3,683 crore, as against Rs 415 crore during the same quarter last year. The surge in profit is mainly on account of a sharp fall in crude oil prices and onetime gains.
  • IndianOil-OIL eye LSE-listed co
    New Delhi   29-Jul-2009
    • Flagship refiner-marketer IndianOil and northeast explorer Oil India have jointly initiated talks for a possible acquisition of independent explorer Bermuda-incorporated Gulf Keystone Petroleum Ltd which has operations In Iraq's Kurdistan and Algeria. IndianOil and Oil India executives declined to comment. Sources said the talks were at a preliminary stage but insiders said the contours of valuation indicated that the acquisition could cost over $2 billion if the deal worked out.
  • Chennai Petro Q1 net declines 57%
    Mumbai   28-Jul-2009
    • Chennai Petroleum Corporation (CPCL), a group company of IndianOil, has reported a net profit of Rs 304.7 crore in the first quarter ended June 30, 2009 down by 56.7%, against Rs 703.2 crore during the same period last year. Net sales also dropped 49.7% to Rs 5,660.3 crore (Rs 11,253.2 crore).
  • Hyundai, IndianOil pact
    New Delhi   28-Jul-2009
    • Hyundai Motor India Ltd has tied up with IndianOil to jointly launch an innovative promotional campaign targeting the existing and potential customers.
  • IndianOil celebrates its Golden Jubilee in 2009
    New Delhi   24-Jul-2009
    • IndianOil, celebrating its Golden Jubilee in 2009. Starting as a fledgling company on June 30th, 1959, IndianOil has since grown rapidly to emerge as the leader in the downstream petroleum refining and marketing sectors. Inaugurating the Golden Jubilee Celebrations at IndianOil Bhavan, Mr. G. C. Daga, Director Marketing, IndianOil said, "Fifty years back the baton of setting up an indigenous oil industry was handed over to us.
  • IndianOil run unites people of Vadodara
    Mumbai   23-Jul-2009
    • An overwhelming response by people to IndianOil's Vadodara Green Run - Race against Pollution, created a fun loving celebratory environment at Kamati Baugh reflecting the festive spirits of IndianOil's Golden Jubilee celebrations.
  • Pure gold: IndianOil celebrates its 50 years as a true milestone company in India
    New Delhi   26-Jul-2009
    • New caller tunes for all employees of IndianOil have been introduced for three months (July to September), amongst a host of other celebrations, to mark the company's Golden Jubilee celebrations. "It is a big achievement for any company to cross 50 years, and we have begun celebrating this milestone in all our spheres of activity," says Mr. Sarthak Behuria, CMD, IndianOil.
  • 'Rabindra Jayanthi' observed at Digboi
    New Delhi   20-Jul-2009
    • <b>Digboi:</b> The India Club of Digboi organised the birth anniversary of Rabindra Nath Tagore, the greatest among the post-Renaissance poets of India stretching up to the contemporary times, belatedly with a two-day programme on July 11th and July 12th, 2009.
  • IndianOil celebrates its golden jubilee
    New Delhi   21-Jul-2009
    • As part of the golden jubilee celebrations, IndianOil Northern Region organized a cultural evening ‘Hasya Kavi Sammefan’ at Siri Fort Auditorium. Ten eminent poets enthralled the audience with their rendition.
  • The Energy of India turns 50
    New Delhi   17-Jul-2009
    • IndianOil, India's highest ranked Fortune 500 Company and the largest commercial enterprise in the country is celebrating its Golden Jubilee in 2009.
  • NHPC, IndianOil to hit market soon with public offers
    New Delhi   17-Jul-2009
    • Initial public offers of state-owned enterprises, NHPC and IndianOil, to hit market soon. The IPO of state-owned NHPC to raise Rs 1,680 crore is likely to see light of the day on August 7. "If everything goes well the IPO is likely in the first week of August, tentatively Au-gust7,"NHPCchairmanand managing director SK Garg told re porters here.
  • IndianOil seeks more autonomy
    New Delhi   18-Jul-2009
    • IndianOil, the nation's largest state-run oil firm, has asked the government for freedom to fix retail fuel prices and more autonomy in carrying out day-to-day affairs of the company.
  • IndianOil wins ‘Most Trusted Brand’ award
    New Delhi   17-Jul-2009
    • IndianOil, celebrating its 50th golden jubilee this year, has been adjudged the 'Most Trusted Brand' in the petrol station category in India in a survey by the Reader's Digest, in collaboration with Nielsen Media Research.
  • IndianOil celebrates golden jubilee
    New Delhi   16-Jul-2009
    • IndianOil is celebrating its Golden Jubilee in 2009. Starting as a fledgling company on June 30th, 1959, IndianOil has since grown rapidly to emerge as the leader in the downstream petroleum refining and marketing sectors.
  • 50 Golden Years in the Service of the Nation
    Kolkata   15-Jul-2009
    • India's flagship national oil company and downstream petroleum major, IndianOil is celebrating its Golden Jubilee during 30th June - 1st September 2009. Established as an oil marketing entity on 30th June 1959, Indian Oil Company Ltd. was renamed Indian Oil Corporation Ltd. on 1st September 1964 following the merger of Indian Refineries Ltd. (established in August 1958) with it.
  • Golden jubilee celebrations of IndianOil
    New Delhi   10-Jul-2009
    • Continuing with the celebrations of IndianOil golden jubilee after the kick-off on June 30, IndianOil's units at Guwahati namely, Guwahati Refinery, North East Integrated State Office (NEISO), Guwahati-Siliguri Pipeline (GSPL) office came together to organise a mega cultural evening on Friday and an IndianOil Golden Jubilee Run on Sunday in Guwahati.
  • IndianOil celebrates Golden Jubilee
    Mumbai   11-Jul-2009
    • IndianOil is celebrating its Golden Jubilee in 2009. Starting as a fledgling company on June 30th, 1959, IndianOil has since grown rapidly to emerge as the leader in the downstream petroleum refining and marketing sectors.
  • IndianOil’s Golden Jubilee Celebrations in Pipelines Division
    New Delhi   10-Jul-2009
    • Golden Jubilee celebrations of IndianOil were commenced at its Pipelines Division Head Office, Noida with much fanfare on June 30, 2009. Mr. P.K. Chakraborti, Director (Pipelines) joined with Mr. K.K. Jha, ED (Projects), Mr. T. Vasudevan, ED (Finance) and Mr. A.K. Rauniar, ED (HR) lighted the traditional lamp to inaugurate the celebrations.
  • IndianOil- RIL in Fortune 500
    New Delhi   09-Jul-2009
    • Seven Indian companies, including oil major IndianOil and Mukesh Ambani-led Reliance Industries, have made the cut in the list of worlds 500 largest companies compiled by Fortune.
  • IndianOil celebrates its Golden Jubilee at Vigyan Bhawan
    New Delhi   09-Jul-2009
    • The Golden Jubilee Celebrations of IndianOil took off with a glittering function at Vigyan Bhawan, New Delhi. Honble President of India Smt. Pratibha Devisingh Patil was the Chief Guest of the function.
  • 50 Golden Years in the Service of the Nation
    New Delhi   08-Jul-2009
    • Indian flagship national oil company and downstream petroleum major, IndianOil is celebrating its Golden Jubilee during 30th June-1st September 2009.
  • Digboi rejoices over IndianOil's 50th anniversary
    New Delhi   07-Jul-2009
    • The thrilling yet stately and dignified inaugural function held on the morning of July 2 last in the Golden Jubilee Complex with Subroto Ghosh, Executive Director of Assam Oil Division of IndianOil, at Digboi, on the centre stage gave a perfect expression to the excitement and expectations of the entire family of Assam Oil employees and officers and the civil population of the township as well.
  • IndianOil moves up 11 places in Fortune list
    New Delhi   09-Jul-2009
    • In its Golden Jubilee Year (1959-2009), IndianOil has moved up 11 places, in the just-released Fortune 'Global 500' list of world's largest companies by sales for the year 2009. Placed at 105, IndianOil leads the pack of seven Indian companies appearing in the list that is based on the performance in of the year 2008.
  • Golden jubilee celebrations of IndianOil begin at Bongaigaon Refinery
    New Delhi   04-Jul-2009
    • Along with the rest of the IndianOil fraternity, Bongaigaon Refinery (BGR) kicked off the golden jubilee celebrations of IndianOil on Tuesday with enthusiasm. Eminent educationist and vice chancellor of Tezpur University Prof Mihir Kanti Chaudhuri graced the inaugural function as the chief guest.
  • Chennai Petro plans Rs 7,000-cr expansion
    New Delhi   06-Jul-2009
    • Chennai Petroleum Corporation Ltd, (CPCL), a subsidiary of IndianOil, is planning to invest over Rs. 7,000 crore in the next five years on its expansion plan and on connectivity projects. It is also planning to acquire 400 acres at the outskirts of Chennai as part of its refinery expansion.
  • IndianOil-Kolkatta celebrates Golden Jubilee
    Mumbai   04-Jul-2009
    • <b>Kolkata:</b> IndianOil is celebrating Golden Jubilee during June 30 and September 1. In eastern region, the festivities were launched at a ceremony held at IndianOil Bhavan, Kolkata.
  • IndianOil to celebrate golden jubilee year
    Guwahati   06-Jul-2009
    • <b>Dibrugarh:</b> The Digboi unit of IndianOil, which is the headquarters of IndianOil Assam Oil Division and the oldest oil refinery in India, has come up with a two-month long agenda to celebrate the golden jubilee year of the corporation.
  • IndianOil celebrates Golden Jubilee
    Kolkata   04-Jul-2009
    • IndianOil is celebrating Golden Jubilee during June 30 and September 1. In eastern region, the festivities were launched at a ceremony held at IndianOil Bhavan, Kolkata. Established as an oil marketing entity on June 30, 1959, Indian Oil Company Ltd was renamed IndianOil Corporation Ltd on September 1, 1964 following the merger of Indian Refineries Ltd (established in August 1958) with it. - Our Bureau
  • IndianOil Golden Jubilee Run
    Guwahati   02-Jul-2009
    • The IndianOil Golden Jubilee Run will be held on July 5 (Sunday) in the city from Nehru Stadium to Chandmari AEI field. The run will see the participation of IndianOil employees, eminent sportspersons, dignitaries, celebrities and school children. The event will be flagged off by Asom DGP GM Shrivastava from Nehru Stadium at 7.30 am. This was stated in a press release.
  • IndianOil celebrates its Golden Jubilee
    New Delhi   03-Jul-2009
    • IndianOil completes 50 years of service to the nation and on the occasion of Golden Jubilee celebration a function was held at IndianOil retail outlet at Satwari, here today.
  • Golden jubilee celebration of IndianOil
    New Delhi   03-Jul-2009
    • <b>Oil giants should not forget social responsibilities</b> The new Governor of Bihar Debananda Konwar inaugurated the golden jubilee celebrations of the Indian Oil at Barauni Oil Refinery here on Tuesday He also addressed a colourful function organized on the premises of the plant as the chief guest. The Executive Director of the BOR, Mr. S. K. Garg and the District Magistrate, Mr. Jitendra Srivastava welcomed the gathering.
  • Indian Oil marching ahead
    Guwahati   02-Jul-2009
    • After India's independence on August 15,1947, the Government of India decided to develop public sector enterprises like coal, steel, petroleum etc as a result of which the oil refining entity - Indian Refineries limited and oil marketing entity - Indian Oil Company were established on August 22,1958 and june 20,1959 respectively. Subsequently on September 1, 1964, Indian Oil Company was renamed as Indian Oil Corporation Limited after its merger with Indian Refineries Limited.
  • IndianOil Golden jubilee begins
    New Delhi   01-Jul-2009
    • <b>President releases commemorative stamp to mark the occasion</b> President Pratibha Patil on Tuesday kicked off Golden Jubilee celebrations of IndianOil at New Delhi, with a pledge from the company to invest Rs. 60,000 crore in raising its refining capacity to 80 million tonnes by 2011-12 from 60.20 million tonnes.
  • AOD ready for IndianOil's golden jubilee
    New Delhi   29-Jun-2009
    • <b>Celebrations to kick off in State from July 2</b> The Assam Oil Division of IndianOil is all set to celebrate the mega event of the golden year of its umbrella organisation with a mix of cultural, literary, games and sports, music, art, quiz elocution and community utility programme spread over a period of two months.
  • IndianOil (AOD) Hospital holds free health check-up camp
    Guwahati, Digboi   30-Jun-2009
    • A free health check-up and treatment camp was organised at Lakhipathar public auditorium, some 7 km away from Digboi by IndianOil (AOD) Hospital on June 20 under the community development programme.
  • IndianOil setting up refinery at Paradip
    New Delhi   29-Jun-2009
    • IndianOil is further, augmenting its refining capacity by setting up a 15 MMTPA refinery at Paradip at a cost of about Rs. 29,777 crore.
  • Bongaigaon Refinery of IndianOil bags ‘Indira Gandhi Paryavaran Puraskar’
    Guwahati   13-Jun-2009
    • <b>Bongaigaon:</b> In recognition of its outstanding environment performance, Bongaigaon Refinery of IndianOil has been awarded the prestigious ‘Indira Gandhi Paryayaran Puraskar’ under the Organization Category for the performance year 2006, in recognition of its achievement in management and , recycling of waste water, lowest fuel consumption and hydrocarbon loss among all refineries in the country, preserving the ecological balance and creating environmental awareness, statcdapress release.
  • Delay in power line likely to affect IndianOil Paradeep refinery
    Kolkata   12-Jun-2009
    • <b>Bhubaneswar:</b> The construction work for the 220 KV line from Paradeep Grid sub-station of the Orissa Power Transmission Corporation limited (OPTCL) to the proposed petroleum refinery premises of the IndianOil is yet to start.
  • Oil-IndianOil combine to start drilling in Libyan blocks
    New Delhi   13-Jun-2009
    • The consortium of OIL India Ltd and IndianOil will launch a four-well drilling campaign in five onshore blocks in Libya in September-October the consortium owns 100 per cent interest in all the blocks with OIL as the operator.
  • World Environment Day observed at IndianOil
    New Delhi   12-Jun-2009
    • Three energy conservation projects have been registered under Clean Development Mechanism (CDM) in the Indian Oil refineries by UNFCCC with a total CER of 28500 MT/Year. Three more CDM projects are in the process of validation.
  • IndianOil wins 'Reader's Digest Gold Award'
    New Delhi   08-Jun-2009
    • IndianOil, celebrating its 50th Golden Jubilee during 2009, has been adjudged the 'Most Trusted Brand1 in the Petrol Station Category hi India in a survey by Reader's Digest, in collaboration with the reputed research house, Nielsen Media Research.
  • IndianOil-R&D Bags Its 4th Golden Peacock Innovative Award
    New Delhi   08-Jun-2009
    • Proving its power of possibilities and determination, IndianOil's Team R&D, bagged the 'Golden Peacock Innovative Product Award recently for development of new generation oils for agricultural spray to control pests.
  • IndianOil -The Fulfiller
    New Delhi   08-Jun-2009
    • Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in 1964 with the merger of Indian, Refineries Ltd. It is the 18th largest petroleum company in the world.
  • IndianOil wins Reader's Digest Gold for Trusted Petrol Station Brand
    New Delhi   04-Jun-2009
    • IndianOil, celebrating its 50th Golden Jubilee during 2009, has been adjudged the 'Most Tested Brand1 in the Petrol Station Category in India in a survey by Reader's Digest, in collaboration with the reputed research house, Nielsen Media Research.
  • IndianOil bags its 4th Golden Peacock Innovative Award
    New Delhi   04-Jun-2009
    • Proving its power, of possibilities and determination, IndianOil's Team R&D, bagged the 'Golden Peacock Innovative Product Award recently for development of new generation oils for agricultural spray to control pests.
  • IndianOil to buy oil from Cairn at discount
    Guwahati   31-May-2009
    • IndianOil yesterday said it will buy 0.2 million tonnes of crude oil from Cairn India’s Rajasthan oilfields this year at 11-12 per cent discount to Nigerian Bonny Light crude oil price. “We have reached an agreement on pricing with Cairn,” IndianOil Director (Refineries) Mr. B.N. Bankapur said.
  • IndianOil FY09 net slides, Q4 buoyed by bonds
    New Delhi   30-May-2009
    • The country's largest refiner, IndianOil, on Friday reported a net profit of Rs 6,622.96 crore in the fourth quarter ended March 31, 2009, while it had a net loss of Rs 414.27 crore in the corresponding period a year earlier. Sales for the period stood at Rs 60,599.80 crore, against Rs 71,792.82 crore, down 16%.
  • IndianOil plans to expand operations in Sri Lanka
    New Delhi   27-May-2009
    • State-owned IndianOil plans to expand its presence in Sri Lanka where government forces last week declared victory over Tamil rebels led by the Liberation Tigers of Tamil Eelam (LTTE), marking the end of a decades-old war.
  • Largest syndicated Re-term loan in Indian debt market
    Mumbai   15-May-2009
    • A consortium of 21 lenders, led by the State Bank of India, has committed a rupee term loan of Rs 14,900 crore to IndianOil for its 15 MMTPA grassroots refinery projected at Paradip, Orissa. This transaction, the largest syndicated rupee-term loans arranged in the Indian debt markets for a single project, comes at a time when both global and domestic economies have started witnessing signs of revival.
  • Water supply unit foundation laid
    Guwahati   15-May-2009
    • <i>Digboi:</i> Mr. Subrata Ghosh, Executive Director, IndianOil (AOD), laid the foundation stone of Digboi College Water Treatment and Supply Unit at a function on Monday attended by his senior colleagues and the college fraternity.
  • IndianOil enters wind power sector
    New Delhi   30-Apr-2009
    • IndianOil, the nation's largest oil refining and marketing company, has forayed into the wind power scoot commissioning its first windfarm at Kandla in Gujarat.
  • IndianOil, Air India in Gold Cup-semis
    Mumbai   27-Apr-2009
    • With all the international players away at the national camp in Bhopal, the 47th Gold Cup was always going to be shorn of star value. On the brighter side the once prestigious tournament provided ample opportunity for youngsters to display their mettle. But some how, this has hardly materialised and it’s the same old players who have dominated proceedings through out the past 12 days.
  • IndianOil bags awards for best performances
    New Delhi   27-Apr-2009
    • IndianOil bagged five PetroFed (Petroleum Federation of India) awards for best performance during 2007-08 in the individual, group and corporate category.
  • ‘MERI’ organized
    New Delhi   22-Apr-2009
    • ‘MERI’ recently organized its annual Fest La Kermesse '09, a Management and IT Festival the event was sponsored by IndianOil.
  • 3rd IndianOil Cricket Tournament
    Mumbai   20-Apr-2009
    • Gujarat Refinery after hosting the IndianOil Cricket Tournament for last two years successfully, inaugurated the 3rd Indian Oil Cricket Tournament by the hands of Mr. B.N. Bankapur, Director (Refineries).
  • Executive Director of IndianOil's Western Region
    Mumbai   20-Apr-2009
    • Mr. Sunil Kumar Sinha has taken over as Executive Director, of IndianOil’s Western Region Pipeline, at Rajkot recently. Mr. Sinha, a Mechanical Engineer from BIT, Mesra is having vast experience in operations as well as project activities In Pipelines Division of IndianOil.
  • IndianOil cos to make profit: says Pandey
    New Delhi   17-Apr-2009
    • Indian Oil Corporation, the nation's largest marketer, and state-owned rivals will make a profit in the year ended March after oil prices declined from a record, a government official has said.
  • IndianOil First cross-country LPG pipeline inaugurated
    New Delhi   16-Apr-2009
    • Yet another glorious chapter was added to the golden history of IndianOil. Mr. Sarthak Behuria, chairman, inaugurated IndianOil’s first cross-country Liquefied Petroleum Gas (LPG) pipeline in North India running between Panipat and Jalandhar.
  • First Executive Director of Bongaigaon Refinery
    New Delhi   15-Apr-2009
    • Subsequent to the amalgamation of Bongaigaon Refinery & Petrochemicals Limited (BRPL) with the IndianOil, effective from March 25, 2009, Mr. Anshumali Saran, Director (Operations) of erstwhile BRPL, has taken over charge as the Executive Director of Bongaigaon Refinery, IndianOil.
  • IndianOil seeks more diesels
    New Delhi   14-Apr-2009
    • IndianOil is seeking by tender 80,000 tonnes of 500-ppm diesel for delivery in mid-May, after buying 120,000 tonnes for the first half of May, traders said on Monday.
  • IndianOil Refineries create record in Operations
    New Delhi   10-Apr-2009
    • IndianOil refineries achieved a record crude throughput of 49.16 MMT during the year 2008-09, registering a growth of 3.7 per cent in crude processing over the previous fiscal. This was disclosed by Director (Refineries) Mr. B.N. Bankapur.
  • ONGC in talks with RIL, IndianOil for oilfield in Venezuela
    New Delhi   10-Apr-2009
    • Oil and Natural Gas Corporation (ONGC), Reliance Industries (RIL) and IndianOil, the nation's biggest companies, are stitching together an alliance to bid for developing a vast oilfield in Venezuela at a cost of $16-18 billion.
  • IndianOil pipeline commissioned
    New Delhi   09-Apr-2009
    • IndianOil has commissioned the 3&0-km-long pipeline linking Paradip with Haldia and Barauni Refineries of IndianOil, installation of a Single Point Mooring (SPM) system in the offshore waters of Paradip and a crude oil tank farm consisting of 15 crude oil storage tanks.
  • IndianOil's refining margins slip
    New Delhi   09-Apr-2009
    • It’s a double whammy for the country's largest oil marketing company, IndianOil. The oil major has not only had to deal with slim marketing margins thanks to populist measures like fuel price cut twice in two months, but also to very low refining margins.
  • IndianOil news
    New Delhi   08-Apr-2009
    • IndianOil refineries achieved a record crude throughput of 49.16 MMT during the year 2008-09, registering a growth of 3.7 % in crude processing over the previous fiscal.
  • IndianOil- Workplace locations: 610 Business units: 40 Unique roles: 1,100
    New Delhi   18-Apr-2009
    • It is fairly common for top-ranking officials at IndianOil, India's largest company, to leave and join other companies and earn a far greater salary. But the funny thing is that all of them do so only after retiring, almost never when they are with IndianOil. It boasts of an attrition of less than 1%.
  • IndianOil Refineries create records in Operations
    New Delhi   02-Apr-2009
    • The refineries division of IndianOil achieved a record crude throughput of -19.16 MMT during the year 2008-09, register-in a growth of 3.7 per cent in crude processing over the previous fiscal.
  • IndianOil’s record date for BRPL merger
    Mumbai   29-Mar-2009
    • State-run refiner IndianOil said it has fixed April 28 as the record date for the transfer of shares for merger of Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself.
  • Storming ahead in troubled waters
    New Delhi   31-Mar-2009
    • The India growth story so far and even henceforth rests on the fortunes of several corporations. IndianOil is definitely one of them. The sheer magnitude of operations and its reach make it a critical element in India's growth prospects.
  • Merger times
    New Delhi   30-Mar-2009
    • The long pending merger between India's largest oil marketing company IndianOil and its Assam based subsidiary Bongaigaon Refinery and Petrochemicals (BRPL) consummated on 25 March 2009 after the Ministry of Corporate Affairs, which oversees the mergers between public sector companies, tendered its consent.
  • IndianOil in last four
    New Delhi   30-Mar-2009
    • Anand Rajan bagged three wickets as IndianOil defeated Hindustan Petroleum Corporation Ltd. (HPCL) by seven wickets to reach the semifinals of the 29th PSPB inter-unit cricket tournament at the St. Stephen's College ground here on Sunday.
  • IndianOil plans to commission projects worth Rs 30,000 crore next fiscal
    New Delhi   28-Mar-2009
    • IndianOil has set a target of commissioning projects worth Rs 30,000 crore during the next fiscal. The company has set itself a challenging agenda in the memorandum of understanding (MoU) signed with the Government for the financial year 2009-10, a statement issued by IndianOil said.
  • IndianOil-BRPL merger on April 28
    New Delhi   28-Mar-2009
    • <b>Mumbai:</b> State-run refiner IndianOil on Friday said it has fixed April 28 as die record date for the transfer of shares for merger of Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself.
  • IndianOil thrash GAIL
    New Delhi   28-Mar-2009
    • Superb bowling by Anand Rajan (4/8) and Murtuza Hussain (4/7) helped last year's champion IndianOil beat GAIL by 10 wickets in the league match of the 29th PSPB inter-unit cricket tournament at Ferozeshah Kotla ground.
  • BRPL to merge with IndianOil
    Mumbai   26-Mar-2009
    • The government has approved merger of Bongaigaon Refinery & Petrochemicals Ltd {BRPL) with IndianOil, the country's largest public sector fuel retailer in terms of turnover.
  • IndianOil increases market share in branded fuel segment
    New Delhi   26-Mar-2009
    • In a year when sales of brand-led auto fuel are on a sharp decline, IndianOil, the market leader, has been able to augment its market share in all the three categories-petrol, diesel and auto LPG.
  • Govt nominates IndianOil, MRPL to lift Cairn crude
    New Delhi   25-Mar-2009
    • IndianOil and Mangalore Refinery & Petrochemicals Ltd (MRPL) are among the public sector refiners who have been nominated by the Government to lift Cairn India's Rajasthan crude.
  • IndianOil may fuel jets at Delhi airport
    New Delhi   23-Mar-2009
    • State-owned oil marketing company IndianOil may bag the contract for providing aircraft fuelling facility at Delhi Airport, the country’s second busiest airport. IndianOil is reported to have made the lowest bid in a tender floated by airport operator Delhi International Airport (DIAL) for building and operating the facility.
  • PW to evaluate Reliances fuel business for IndianOil
    New Delhi   23-Mar-2009
    • IndianOil, one of the contenders for buying a stake in the fuel retail business of Reliance Industries Ltd, has mandated Price Waterhouse (PW) to carry out the valuation of Reliance's 1,432 petrol pumps.
  • OVL seeks IndianOil as partner
    New Delhi   21-Mar-2009
    • ONGC's overseas Investment arm, ONGC Videsh, has sought refiner-marketer IndianOil’s partnership in its acquisition of exploration and production assets in three projects of Venezuela's Carabobo area in the Orinoco basin, sources told TOI on Wednesday.
  • BPCL, IndianOil enter PSPB hockey final
    Mumbai   19-Mar-2009
    • Hosts Bharat Petroleum will clash with holders IndianOil in the 27lh Petroleum Sports Promotion Board's inter-unit hockey tournament final in Pune.
  • IndianOil eyes overseas funds for Paradip project
    New Delhi   19-Mar-2009
    • IndianOil plans to raise almost Rs 15,000 crore from the domestic and external markets to part finance its grassroots refinery complex at Paradip, Orissa. The company's board at a recent meeting has approved a final investment of Rs 29,777 crore for the project.
  • IndianOil Femina Car Rally on March 22
    Patna   10-Mar-2009
    • The Lions Club of Patna Femina will organise its fifth car rally 'IndianOil Femina Car Rally 2009' between Patna and Nalanda on March 22. The car rally will be flagged off from Gasoline Service Station (IndianOil Petrol Pump, near R Block Railway Crossing) and will terminate at Prachin Bharat Nalanda Multi Media Museum Campus, Nalanda.
  • IndianOil to raise Haldia refinery capacity
    New Delhi   11-Mar-2009
    • IndianOil will shut a crude unit at its 120,000 barrels per day (bpd) Haldia refinery for about two months from mid-October to raise the refinery's capacity by 25 per-cent a company official said on Tuesday.
  • Lighting up rural homes
    New Delhi   04-Mar-2009
    • Over 1.6 billion people in the world lack access to electricity even today. As per the Ministry of Power, 4.9 lakh out of the six lakh villages in the country were electrified as on March 31, 2008.
  • IndianOil make it three in a row
    Mumbai   28-Feb-2009
    • IndianOil retained their hold on the K C Mahindra Memorial Shield, by completing a hat trick of wins, as they defeated Air-India by 14 runs in the 50-overs final at the MCA's BKC ground, Bandra on Friday.
  • Bonds to the rescue: IndianOil hopes to end fiscal in profit
    New Delhi   25-Feb-2009
    • State-run Indian Oil, the nation’s largest oil refiner, expects to end the current fiscal year with a profit despite an anticipated inventory loss and higher interest burden, said the chairman Mr. S. Behuria on Wednesday.
  • Productivity Week at IndianOil
    New Delhi   17-Feb-2009
    • Productivity Week is being observed by the IndianOil across the country from February 12-18 to create awareness about productivity in the fast changing economic world order.
  • Fuel supply to Kingfisher on cash & carry basis: IndianOil
    New Delhi   13-Feb-2009
    • Contradicting Kingfisher Airlines' chief Vijay Mallya's recent statement that his airline is not getting ATF supply on a 'cash-and-carry-basis,1 state-run oil firm, IndianOil on Thursday said the company is currently getting its supply on cash-and-carry basis.
  • Indian Oil bats for LPG usage
    New Delhi   13-Feb-2009
    • IndianOil, world's second largest marketer of LPG, said it would aggressively promote LPG in domestic and automobile usage as it is environmentally cleaner and affordable. India's annual LPG ' consumption of n million tonnes will grow by 500 MT per year, IOC chairman S Behuria said.
  • Indian Oil 'A' dethrones ONGC'A'
    New Delhi   12-Feb-2009
    • Following a three-way tie, IndianOil ‘A’ claimed the team honours in the Petroleum inter-unit chess tournament on a superior tiebreak score over defending champion Oil and Natural Gas Corporation ‘A’ and Bharat Petroleum at the Vishwa Yuvak Kendra here on Wednesday.
  • Leading from the front
    New Delhi   08-Feb-2009
    • In the good times, they faced the brunt of perception. They were the rusty government cogs which always paled in comparison to the shining wheels of the private sector. But with the global financial markets in choppy waters, public sector undertakings (PSUs) are being called upon to lead the way.
  • Awareness march conducted by IndianOil Western Pipelines
    Ahmedabad   06-Feb-2009
    • With a view to increase awareness among the people about the need to conserve petroleum products, a foot march was conducted by the employees of IndianOil’s western region pipelines, recently in Rajkot KG Gupta, executive director flagged off the mardi which was undertaken as a part of oil and gas conservation fortnight Active participation by the employees and their families was witnessed in this march which concluded at the Race, Course Ground.
  • Petrochemical Hub at Panipat
    New Delhi   02-Feb-2009
    • An MOU has been signed between HSIIDC and IndianOil to set up Petrochemical hub for downstream industries in Panipat. The project would be developed in two/phases over an area of 4,000 acres. Around 900 acres of land has been acquired to launch the first phase.
  • IndianOil to prune retail plans this fiscal
    New Delhi   02-Feb-2009
    • IndianOil, the country's largest oil-marketing company, has turned extremely cautious over setting up more petrol pumps and is likely to further prune its plans for the current financial year.
  • IndianOil Q3 net jumps 41 pc to Rs 2,958.59 cr
    New Delhi   31-Jan-2009
    • IndianOil, the country's largest oil firm, today, reported a 41.5 per cent rise' in its third quarter net profit on the back of large quantities of bonds it received from the Government on sale of fuel below the cost.
  • IndianOil rewards ‘Khanvel Kissan Seva Kendra’
    Mumbai   28-Jan-2009
    • IndianOil is constructing a petrol pump for the benefit of ‘Khanvel Kissan Seva Kendra’ apart from donating other utilities such as seed, fertilizers, etc for farmers of Mandoni, Dudhni. Khaavel, Ambofi. The region is well known thanks to the activities of the Seva kendra.
  • IndianOil to expand Sri Lanka operations using India surplus
    New Delhi   23-Jan-2009
    • State-owned IndianOil plans to make the best of its surplus refining capacity at home to sell more fuel in Sri Lanka. Its subsidiary, Lanka IOC Plc, will open 300 outlets over five years at a cost of 6 billion Sri Lankan rupees (Rs259.74 crore), FOR. Suresh Kumar, managing directory of Lanka IOC told Mint during Petrotech 2009, held earlier this month in New Delhi.
  • IndianOil men in final
    New Delhi   22-Jan-2009
    • IndianOi blanked Oil India Limited 3-0 to enter the men's team final of the 29th Petroleum Sports Promotion Board (PSPB) inter-unit badminton championships on Wednesday at the PYC Hindu Gymkhana.
  • IndianOil raises prices of aviation turbine fuel
    New Delhi   16-Jan-2009
    • IndianOil increased prices of aviation turbine fuel, commonly known as jet fuel, with effect from Thursday. The price in Mumbai was increased by Rs l068.87 to Rs 32,447.65 a kl, the refiner said on its website.
  • IndianOil borrowings drop 19% from Sept peak
    New Delhi   14-Jan-2009
    • The borrowings of the country's largest public sector oil marketing company IndianOil has come down by 19.4% from its peak in September due to falling crude oil prices and lower demand for petroleum products.
  • IndianOil readies $l Billion war chest
    New Delhi   14-Jan-2009
    • IndianOil has readied a war chest of $1 billion to acquire oil-producing assets in South East Asia and African regions. The move is aimed at reducing the company's dependence on imported crude oil.
  • IndianOil hydrogen-CNG fuel station in Delhi
    New Delhi   12-Jan-2009
    • IndianOil is all set to open its first hydrogen-CNG dispensing station in the National Capital next week. The company plans to mix hydrogen and CNG in the ratio of 20:80 per cent.
  • Oil sector execs opt for 'safer' government jobs
    New Delhi   07-Jan-2009
    • India's two biggest oil companies - IndianOil, the country's largest crude oil refiner, and Oil and Natural Gas Corporation (ONGC), the largest oil producer - have together employed over 80 officials who have quit private sector oil companies for "safer" jobs in the government-owned firms over the last couple of months.
  • IndianOil plans 2009 'Year of Commissioning'
    New Delhi   05-Jan-2009
    • IndianOil would be completing and commissioning a number of key projects at its various refineries during the New Year according to Mr. B N Bankapur, Director (Refineries), IndianOil.
  • IndianOil plans to set up hydrogen station
    New Delhi   03-Jan-2009
    • State run IndianOil plans to set up the country's "second hydrogen fuel-dispensing station in the vicinity of the Commonwealth Games Village, before 2010 for catering to more than 100 government vehicles to be used for demonstrating the usefulness of the fuel.
  • IndianOil pipeline starts, landing a blow on Haldia port
    Mumbai   02-Jan-2009
    • The Haldia port is expected to lose 4-6 million tonne of crude cargo in the immediate future following the commissioning of IndianOil Paradip-Haldia pipeline. The Rs 14,200-crore pipeline will carry crude to IndianOil's Haldia refinery through single point mooring system. This helps to transfer crude oil from offshore vessels to onshore facilities.
  • IndianOil to commission major projects this year
    New Delhi   03-Jan-2009
    • IndianOil has said that during the year 2009 the company plans to commission major refinery projects. Disclosing this, Mr. B.N. Bankapur, Director (Refineries), IndianOil, said, the projects include expansion of the Panipat Refinery, a naphtha cracker complex adjacent to die Panipat Refinery, and hydro cracker project at Haldia.
  • RBI buys oil bonds from IndianOil
    New Delhi   02-Jan-2009
    • '"The Reserve Bank of India to-1 day bought 00 bonds worth 30 crore from IndianOil under its special market operations, a company executive said. RBI bought 6.35 per cent 2024 oil bonds from IndianOil at Rs 100.98 or 6.2519 per cent yield.
  • IndianOil commissions Paradip-Haldia crude oil pipeline
    New Delhi   02-Jan-2009
    • IndianOil has commissioned its 330-km-long crude oil pipeline from Paradip to Haldia recently, a top company official said today. "Paradip-Haldia oil pipeline with a capacity to transport 11 million tonnes of crude oil annually has been installed recently at Paradip," the official said.
  • IndianOil completes Paradip SPM, pipeline project
    New Delhi   28-Dec-2008
    • The New Year is going to bring cheer to IndianOil. Crude oil is expected to start flowing in the Rs 1,178-crore single-point mooring facility at Paradip in Orissa and the 330-km-long pipeline up to Haldia in West Bengal beginning December 28, according to sources.
  • IndianOil’s pipeline network nears 10 K Ian
    Mumbai   27-Dec-2008
    • IndianOil, the state-owned oil marketing company will cross a pipeline network of 10,000 km before the end of calendar 2008. The company has a pipeline network of 9,700 km now and is about to operationalise its 330-km Paradip-Haldia pipeline.
  • IndianOil launches festive season offer
    Jammu   26-Dec-2008
    • On the occasion of Christmas, the IndianOil today announced the launch of its festive season offer. The offer is available at selective outlets of IndianOil in the city of temples.
  • Panipat Petrochemical hub to boost polymer industry
    New Delhi   24-Dec-2008
    • The upcoming petrochemical hub in Panipat is set to drive the growth of the petrochemical industry in north India. The 5,000 acre project, to be jointly set up by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) and IndianOil, will give a thrust to the downstream industries especially polymer based in the northern states.
  • IndianOil Hydrogen pump set-to fuel cars
    New Delhi   23-Dec-2008
    • IndianOil, the country's largest oil marketing company by sales, will open the country's first hydrogen fuel-dispensing station in New Delhi next month. The new-age pump will be set up in Dwarka.
  • IndianOil - Adani Energy JV may pick 50 % shares in LNG terminal
    New Delhi   18-Dec-2008
    • A joint venture of state refiner IndianOil and Adani Energy is likely to take 50 per cent stake in a Rs 4,000 crore liquefied natural gas (LNG) import terminal planned by Gujarat State Petroleum Corporation (GSPC) at Mundra in Gujarat.
  • Tata Power, IndianOil in pact
    New Delhi   18-Dec-2008
    • Tata Power Company Ltd has signed a joint venture agreement with IndianOil for establishing a coal-based power plant in Orissa.
  • Advantages of reticulated LPG supply system highlighted
    Guwahati   17-Dec-2008
    • Distribution of cooking fuel through Reticulated LPG System offers considerable benefits for consumers, awareness of which is still limited in Assam. A seminar to spread knowledge about the technology and its advantages was organised in the city by LPG Group, IndianOil.
  • IndianOil plans to buy sugar mill, set up ethanol unit in Brazil
    New Delhi   16-Dec-2008
    • Public sector oil marketing company, IndianOil, is planning to buy a sugar mill and set up a refinery in Brazil to produce ethanol, the government said on Monday. "Indian oil firms view investments in Brazil for ethanol production as highly strategic," deputy agriculture minister, Akhilesh Prasad Singh, told Parliament in a written reply to a question.
  • IndianOil, Tata Power in joint venture plan
    Ahemdabad   15-Dec-2008
    • Flagship refiner-marketer IndianOil and private major Tata Power are close to signing a JV deal to set up a 500mw power plant in Orissa where the state-run firm is setting up a 15 million tonne (mt) refinery complex at an investment of a little under Rs 30,000 crore.
  • ONGC, OIL to jointly plan E&P. marketing
    New Delhi   13-Dec-2008
    • State-owned oil companies, Oil & Natural Gas Corp {ONGC) and IndianOil, have decided to join hands to cooperate in fuel marketing and exploration and production (E&P) activities.
  • Auto LPG price
    New Delhi   11-Dec-2008
    • IndianOil , the country's largest oil marketing company, has reduced prices of liquefied natural gas used in automobiles by 10 percent, following reduction in prices of petrol and diesel last week.
  • IndianOil's Rs 45k-cr plans stay put despite recession
    Kolkata   10-Dec-2008
    • The recent recession and the volatile crude prices have failed to make any dent on oil marketing major IndianOil Rs 45,000 crore investment plans. "IndianOil is proceeding with its investment plans till 2011-12 without any major deviation.
  • IndianOil to automate 80 more fuel outlets
    New Delhi   10-Dec-2008
    • With a view to ensure good quality and exact quantity of fuel to its consumers, IndianOil plans to automate 80 more high selling fuel pumps in three States of Punjab, Himachal Pradesh and Jammu and Kashmir - within one year.
  • IndianOil-BRPL merger may be approved soon
    New Delhi   08-Dec-2008
    • After IBP it is now the turn of the Assam-based Bongaigaon Refinery & Petrochemicals Ltd (BRPL) to be merged with parent company IndianOil. According to senior officials of both the companies, the Department of Company Affairs has concluded all the proceedings in this regard and the approval is expected in December-January.
  • Indianoil Western Region Pipelines Contributes towards school's development
    Ahmedabad   05-Dec-2008
    • Under the corporation's community development programme, K C Gupta, Executive Director of IndianOil's Western Region Pipelines handed over a plasma TV and multimedia projector to Pariksh'rt Lai Majmudar Kanya Vidyalaya, Viramgam, in the presence of P K Bansal, Deputy General Manager, and other senior officers of IndianOil's Viramgam installation.
  • Indian Oil commission’s first LPG pipeline
    New Delhi   06-Dec-2008
    • IndianOil has completed the commissioning of its first cross-country liquefied petroleum gas (LPG) pipeline in North India, between Panipat and Jalandhar.
  • IndianOil outplays ONGC
    New Delhi   03-Dec-2008
    • IndianOil outclassed Oil and Natural Gas Corporation (ONGQ), by 5-1 after leading 2-0 at halftime in the semifinals of the 19th Lal Bahadur Shastri hockey tournament at the Nehru Stadium here on Tuesday.
  • Indian Oil pull off a dramatic victory
    New Delhi   30-Nov-2008
    • The 19th Lal Bahadur Shastri hockey tournament witnessed one of the most exciting and star-packed game on Saturday, but sadly, still failed to attract much crowds. IndianOil came back from a three-goal deficit to beat Air India 4-3 in their group league match here on Saturday.
  • IndianOil cuts oil price
    Hyderabad   27-Nov-2008
    • Country's largest oil marketing company IndiaOil has cut prices of its branded petrol by Re 1 per litre and branded diesel by 25 paisa per litre. Mr G. C. Daga, IndianOil Director, Marketing, confirmed to this paper that the company has cut prices of its branded products. He said new prices are applicable from Wednesday across the country. HPCL and BPCL are also expected to cut prices of its branded products.
  • IndianOil to build 15 million metric tonne-refinery
    Mumbai   27-Nov-2008
    • IndianOil has plans to build a 15 million metric tonne-refinery and chemicals project at Paradip in Orissa. Mr Sarthak Behuria, Chairman, said, "We may invest as much as Rs 50,000 crore in the project."
  • IndiaOil to turn cash positive in Dec
    New Delhi   27-Nov-2008
    • Thanks to profits generated on sale of diesel and petrol, after a long time, IndianOil expects to turn cash positive in December. The monthly borrowings -so far made to meet the working capital requirements -have dropped from Rs 7,000 crore during the July-September quarter to approximately Rs 1,500 crore in November.
  • SBI is official banker, IndianOil partner for Volvo Race
    New Delhi   24-Nov-2008
    • As Kochi Port is all set to receive the world's fastest racing yachts, State Bank of India and Indian Oil Corporation have joined the Volvo Ocean Race India stopover team as official banker and partner respectively.
  • IndianOil and GAIL buck downturn to add IK jobs
    New Delhi   24-Nov-2008
    • While new jobs would be hard to find in the automotive and airline sectors due to the current slowdown, companies in the hydrocarbon sector such as IndianOil and gas utility GAIL India Ltd are robustly pushing ahead with their hiring plans.
  • IndianOil seeks FMC nod to hedge margins, products
    New Delhi   14-Nov-2008
    • State-run IndianOil has asked the Forward Markets Commission (FMC) to allow the company to hedge its refinery margins and end products such as petrol and diesel. The country's largest refiner is also holding talks with the Multi-Commodity Exchange (MCX) to provide it with a platform to hedge refinery margins and end products.
  • IndianOil to enter non-fuel retail
    New Delhi   10-Nov-2008
    • IndianOil has decided to take the plunge into the non-fuel retail segment in partnership with some established player in the business such as the Aditya Birla group or Pantaloon.
  • Centre weighs maha navratna tag for top PSUs
    New Delhi   27-Oct-2008
    • Blue chip public sector companies such as Gail, NTPC, ONGC, Bhel, SAIL and Indian Oil may get a super status. With the slot of navratnas getting crowded, the government is considering to classify some of them as 'maha navratna' companies based on their performance.
  • Bongaigaon Refinery slips into the red
    New Delhi   22-Oct-2008
    • Bongaigaon Refinery and Petrochemicals, a subsidiary of IndianOil, reported a loss of Rs 81.15 crore during the quarter ended September 2008. The Assam-based company had reported Rs 113.23 crore profit in the quarter ended September 2007.
  • IndianOil will survive liquidity crisis
    Mumbai   21-Oct-2008
    • IndianOil is confident of surviving the liquidity crisis this year but may not be as lucky if the issue flares up again next fiscal, chairman Sarthak Behuria said.
  • IndianOil perks up on falling oil prices
    New Delhi   18-Oct-2008
    • IndianOil dosed up 4.27 per cent at Rs 405.15 a share as a sharp fall in crude oil prices is likely to help reduce under recoveries. On October 16, the US crude for November 2008 delivery settled $4.69 lower at $69.85 a barrel, its 15-month low. It rose by $3.12 to $72.97 today.
  • IndianOil likely to benefit from foreign currency movements
    New Delhi   17-Oct-2008
    • At a time when all eyes are fixed on the sharp depreciation of the rupee vis-a-vis dollar and its possible negative impact on the foreign exchange loan exposure of the Indian corporate sector, IndianOil (and the two other oil marketing companies) is rejoicing at the 'natural' risk cover it enjoys due to dollar-denominated product pricing.
  • IndianOil offers to meet SAARC region's fuel demand
    New Delhi   16-Oct-2008
    • IndianOil has offered to meet all of the fuel deficit in SAARC region by expanding some its existing refineries. SAARC nations, including Bangladesh, Pakistan, Sri Lanka and Nepal are projected to have a fuel deficit of 17.05 million tonnes by 2015.
  • IndianOil commissions fuel pipeline to BIA
    Bengaluru   15-Oct-2008
    • IndianOil on Tuesday commissioned its 36-km long Aviation Turbine Fuel (ATF) pipeline, which runs from its bulk storage terminal at Devanagonthi, to the Bengaluru International Airport near Devanahalli.
  • IndianOil issues Nigerian crude swap tender
    New Delhi   14-Oct-2008
    • IndianOil has issued the annual Nigerian crude swap tender for 2009, a trade source said on Monday. The tender will close on October 13 with bids remaining valid until October 16.
  • IndianOil join BPCL at top
    Bengaluru   11-Oct-2008
    • IndianOil thrashed Fortis 3-0 in their seventh game to join defending champions BPCL at the top of the table in the KSHA Super Division hockey league at the SAI South Centre on Friday.
  • Three-day quiz fest from Oct 11
    Guwahati   08-Oct-2008
    • Trivia Bytes Creations in association with Guwahati Refinery and Numaligarh Refinery Limited is organising a IQuations 2008- The Quiz Festival on October 11, 12 and 13 at the IOCL CD auditorium (near Refinery Hospital and Vandana Cinema), Guwahati.
  • IndianOil offers to meet petroleum demands of all SAARC nations
    New Delhi   08-Oct-2008
    • The country’s largest oil refining and marketing company-IndianOil - has offered to meet the entire demand of petroleum products emerging out of the SAARC region by ramping the capacity of its existing refineries in India. The region comprises of nations like Nepal, Bhutan, Maldives, Bangladesh, Pakistan, Sri Lanka and Afghanistan.
  • Essar Oil signs pact with IndianOil
    New Delhi   08-Oct-2008
    • Essar Oil signed a Product Sale, Purchase and Infrastructure Sharing MoU with IndianOil, having earlier signed similar pacts with the other two PSU oil companies, HPCL and BPCL.
  • IndianOil-OIL arm to scout for oil assets in CIS, African countries
    New Delhi   05-Oct-2008
    • IndianOil Overseas Ltd, the Mauritius-based special entity jointly floated by IndianOil and Oil India Ltd (OIL) for acquiring oil and gas acreages overseas, may look at prospects in CIS and African countries. Oil India has appointed global consultant and advisory firm Deloitte to work out the suitable fiscal mechanism for the target countries, sources told Business Line.
  • IndianOil to shell out Rs 300 crore more for every dollar rise
    New Delhi   04-Oct-2008
    • IndianOil on Friday said it is forced to foot Rs 300 crore more for crude oil imports for every one-dollar depreciation in the rupee. 'The impact till now is Rs 1,200 crore, IOC chairman Sarthak Behuria said adding the company's crude oil import bill this fiscal is likely to be at $38-40 billion dollar against $34 billion dollar in the last year, as crude prices have risen.
  • IndianOil import bill may go up by 17.6%
    New Delhi   04-Oct-2008
    • Fluctuating crude oil prices and currency (rupee) depreciation continue to put financial pressure on public sector oil refinery-cum-marketing company IndianOil (IOC). The company's crude oil import bill this fiscal is likely to rise 17.6 per cent.
  • Gujarat Refinery and Disha Charitable Trust Unit for a society cause
    Ahmedabad   03-Oct-2008
    • Disha Charitable Trust, an NGO working with different abled children undertook a Community Based Rehabilitation program during 2007-08 in the city of Baroda, its various slums and adjoining rural pockets 'such as (Undera, Koyali, Bajwa etc "Indian Oil's.
  • Sarthak Behuria elected as President of World LPGas Association
    Mumbai   03-Oct-2008
    • Sarthak Behuria, Chairman. IndianOil, has been elected as the President of the World LPGas Association (WLPGA), at 2008 World LPGas Forum in Seoul, South Korea. Besides the President and MD, the Board of WLPGA comprises four VPs representing Asia, Europe, America and also France, where the Association is-headquartered.
  • United India bags IndianOil's mega policy
    New Delhi   02-Oct-2008
    • Public sector United India Insurance Company Ltd (UIIL) bagged the prestigious IndianOil mega risk cover at a premium of Rs 36 crore. Sources said the cover comprised three components - asset cover, business interruption and terrorism risk. Risk covers above Rs 10,000 crore are treated as mega policies, under current guidelines of the Insurance Regulatory and Development Authority.
  • IndianOil says oil import costs may climb 70% this year
    New Delhi   01-Oct-2008
    • The nation's biggest refiner, IndianOil, said its oil import costs might climb as much as 70% to $45 billion this year, adding to increased borrowings and revenue losses from selling fuel below cost.
  • IndianOil awaits Turkish response to project proposals
    New Delhi   27-Sep-2008
    • It has been two years since it had proposed the multi-billion dollar investment in refining and cross-country oil pipeline sector in Turkey, and IndianOil is clueless about the fate of its proposals.Contrary to the company's expectation, even the visit of the Turkish President, Mr Mahmoud Ahmadinejad, to Delhi, earlier this year, failed to bring about any change in the ground realities.
  • Sarthak Behuria appointed WLPGAS Chief
    Mumbai   26-Sep-2008
    • Sarthak Behuria, Chairman, IndianOil, has been elected as the President of the World LPGas Association (WLPGA). This rare honour came to Behuria when the Board of Directors of WLPGA met in Seoul in South Korea on the eve of the 2008 World LPGas Forum. Behuria's election as the President is indeed an achievement that comes close on the heels of the end of his term as the First Vice President of WLPGA representing the voice of the LPG industry in Asia.
  • Sarthak Behuria elected as President of World LPG as Association
    Mumbai   26-Sep-2008
    • Sarthak Behuria, Chairman, IndianOil, has been elected as the President of the World LPG as Association (WLPGA). This rare honour came to Behuria when, the Board of Directors of WLPGA met in Seoul in South Korea today on the eve of the 2008 World LPGas Forum. Behuria's election as the President is indeed an achievement that comes close on the heels of the end of his term as the First Vice President of WLPGA representing the voice of the LPG industry in Asia.
  • IndianOil gives Scholarships
    New Delhi   25-Sep-2008
    • Extending its rich history of corporate social responsibility programme, Indian Oil Corporation Ltd., India's largest commercial enterprise, has announced 450 academic scholarships for meritorious students all over India for the academic year 2008-09. It is also offering sports scholarships to nurture the talent of budding sports-persons.
  • IndianOil to speed up work on oil pipeline to Nepal
    New Delhi   24-Sep-2008
    • An IndianOil pipeline project, which is expected to reduce oil transportation cost to Nepal by as much as 60%, has gained momentum with the visit of Pushpa Kamal Dahal, the Himalayan nation's prime minister, to India last week.
  • Behuria elected World LPG Association president
    New Delhi   24-Sep-2008
    • Sarthak Behuria, Chairman, IndianOil, has been elected as the president of the World LPG Association (WLPGA). This rare honour came to Behuria when the board of directors of WLPGA met in, Seoul in South Korea on Monday on the eve of the 2008 World LPG gas Forum. An alumnus of St Stephen's College, Delhi, and IIM, Ahmedabad, Behuria has almost four decades of experience in the petroleum Industry, according to IndianOil Press release.
  • National Safety Award for IndianOil
    New Delhi   23-Sep-2008
    • Minister of state for shipping, road transport & highways, K H Muniappa, presents the National Safety Award to executive director, IndianOil (Mathura refinery), J P Guharay
  • IndianOil, Air-India set up title clash
    Mumbai   22-Sep-2008
    • IndianOil and Air-India registered comfortable wins, to set up a mouth-watering title clash, in the 8th AH India Gum Tegh Bahadur Gold Cup Hockey Tournament at the MHA-Mahindra Stadium on Sunday. IndianOil will get an opportunity to avenge their recent Murugappa Gold Cup defeat against Air-India as they defeated Punjab National Bank in semis. IndianOil rallied to an exciting 3-1 win after trailing by a fifth minute goal.
  • SCOPE chief favours disinvestments, with caution
    New Delhi   22-Sep-2008
    • Sarthak Behuria, Chairman, Standing Conference of Public Enterprises (SCOPE) and Chairman, IndianOil while addressing the 35th AGM of the apex body said SCOPE favours disinvestment of Government's equity in public sector enterprises through Initial Public Offers (IPOs) without diluting the basic character of public sector enterprises (PSEs).
  • IndianOil Stations double up as collection centres for Bihar flood relief
    Mumbai   19-Sep-2008
    • In an effort to provide succor to the flood affected people in Bihar, IndianOil jointly in association with the Times Foundation, Goonj, Dial 1298 for Ambulance and TNT all under the guidance of Dr (Mrs) Indu Shahani, Sheriff of Mumbai, has set up collection kiosks at ten petrol stations in Greater Mumbai areas.
  • IndianOil to raise refining capacity, says Behuria
    New Delhi   20-Sep-2008
    • The country's biggest refiner, IndianOil, plans to Increase oil-processing capacity to 80 million tonnes (mt) a year by 2012 from 60.2mt now, chairman Sarthak Behuria said in Mumbai on Friday. IndianOil is investing in expanding its refining capacity and retail network to meet rising demand in the country. Meanwhile, the refiner made a currency loss of Rs l,500 crore in the first six months of FY09 after the rupee depreciated, Behuria said.
  • IndianOil to set up Naphtha unit
    New Delhi   20-Sep-2008
    • IndianOil with its long term plans to convert Panipat Refinery Complex into a central hub of its operations, has decided to set up naphtha cracker and downstream polymer unit (naphtha cracker complex) at Panipat. IndianOil is also planning to consolidate its position by making naphtha unit an integrated refinery-cum-petrochemicals complex. The total estimated capital required to establish the unit is Rs 14,439 crore and is scheduled for commissioning by November 2009.
  • IndianOil refinery bags 2 safety awards
    New Delhi   20-Sep-2008
    • State-run refiner IndianOil on Friday said its refinery at Mathura has wont won national awards for its record on safety. IndianOil bagged the title of Vishwakarma Rashtriya Puraskar and National Safety Awards instituted by the Ministry of Labour and Employment for the year 2006,an company release said.
  • IndianOil to invest Rs 7,000 cr for capex
    New Delhi   20-Sep-2008
    • State-run IndianOil today said it would be investing Rs 7,000 crore in this financial year as part of its capital expenditure. "We are investing Rs 7,000 crore as capital expenditure in this financial year," the IndianOil Chairman, Mr Sarthak Behuria, told shareholders at the company's AGM here.
  • IndianOil installing Cracker & downstream polymer
    New Delhi   19-Sep-2008
    • IndianOil is installing Cracker & downstream polymer units at Panipat. The Naphtha Cracker Complex is being implemented at an estimated capital investment of Rs. 14,439 crore and is scheduled for commissioning by November 2009.
  • 'Naphtha cracker complex to emerge as Petrochem hub'
    New Delhi   18-Sep-2008
    • An energy self-sufficient India can alter the economic, political and manufacturing landscape of the region. Countries leading petro-giant IndianOil have drawn up a major expansion plan for its Panipat refinery to increase its capacity from 12 million tonnes to 15 million tones per annum by November 2009 at an estimated cost of around Rs 14,000 crore.
  • 'Merger with IndianOil vital for BRPL'
    New Delhi   18-Sep-2008
    • The amalgamation of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with IndianOil will be in the best interest of the investors, the employees of the two organizations and, capping it all, the people of Assam as it will ensure long-term survival of the refinery in the current global competitive environment, according to Mr Sarthak Behuria, Chairman of BRPL (also the Chairman of IndianOil).
  • India doesn't plan to cut fuel prices as oil drops
    New Delhi   17-Sep-2008
    • India will consider cutting fuel prices only if the average cost of the crude oil it imports falls to $67 (Rs 3,112) per barrel, oil minister Murli Deora said on Tuesday. US light crude for October delivery tumbled by as much as 4% to a seven-month low on Tuesday to about $92.5 a barrel. The average price of Indian crude oil imports was about $91 on Monday.
  • IndianOil Western Region pipeline, celebrates 30th anniversary at Vadinar
    Ahmedabad   13-Sep-2008
    • It is a matter of great pride that I by carrying crude oil to our refineries and facilitating the availability of petroleum products in the high-demand centres of Northwestern India, WRPL has been the prime contributor to IndianOil's status as the market leader in our country," said Sarthak Behuria, Chairman, IndianOil, while commending the efforts of the IndianOil team at Western region Pipelines at the 30th anniversary celebrations held at the Vadinar terminal of IndianOil on 5th September, 20
  • IndianOil to upgrade refineries to cut import bill
    Mumbai   13-Sep-2008
    • IndianOil would upgrade its refineries equipping them to process high sulphur crude oil to cut its import bill. "Currently our refineries process 50 per cent of high sulphur crude and we want to take this percentage up to 76 per cent by 2012 through upgrading our refineries," IndianOil Director (Refineries) B N Bankapur said.
  • Expansion plans for IndianOil's Panipat refinery
    New Delhi   15-Sep-2008
    • Counties leading petro-giant IndianOil has drawn up a major expansion plan for its Panipat refinery to increase its capacity from 12 million tonnes to 15 million tones per annum by November 2009 at an estimated cost of around Rs. 14,000 crore.
  • IndianOil's under-recoveries halve as crude price falls
    New Delhi   13-Sep-2008
    • The fall in crude prices has caused cheers as well as concerns for IndianOil. On the brighter side, the company's under-recoveries have nearly halved from Rs 420 crore a day in July, when India's basket crude was priced at 132.43 on an average, to Rs 220 crore a day in the first fortnight of September.
  • IndianOil can take up to 2 MT crude from Cairn
    New Delhi   13-Sep-2008
    • State-run IndianOil said it can take about two million tonne of crude from Cairn India's Rajasthan oilfield, but wants discount of up to $18 per barrel. IndianOil's Pani-pat refinery can take 0.6 million tonne of Rajasthan crude, while its Gujarat refinery can take 0.8 million tonne, company director (refineries) B N Bankapur told reporters here.
  • IndianOil to pump in Rs 14,439 cr for naphtha cracker complex
    New Delhi   13-Sep-2008
    • IndianOil naphtha cracker complex along with the PX-PTA units is coming up at the Panipat refinery at a cost of Rs 14,439 crore. With the commissioning of the complex, the company's exports of naphtha will stand reduced to 1 MT.
  • Mathura refinery seeks govt’s green signal for expansion
    New Delhi   13-Sep-2008
    • IndianOil is planning to raise its Mathura refinery capacity to 11 million tonnes (MT) from 8 MT currently. "We have approached the environment and forest ministry for clearance to expand our Mathura refinery," company director (refineries) B N Bankapur said.
  • IndianOil derails Railways; I0B also qualifies
    New Delhi   12-Sep-2008
    • IndianOil was confronted with several tense moments before breezing into the last four pulling along the local league champion, Indian Overseas Bank, in the MCC-Murugappa Gold Cup hockey tournament at the Mayor Radhakrishnan Stadium on Thursday.
  • IndianOil raises bonds worth Rs 1,500 crore
    New Delhi   10-Sep-2008
    • IndianOil, which recently hit the corporate bond market after a gap of three years, has raised Rs 1,500 crore from the issue, five times more than its initial plan.
  • 45th IndianOil Day celebrated
    Bhopal   03-Sep-2008
    • The employees of IndianOil Bhopal celebrated the 45th IndianOil Day the other day. Mr. SK Diwan, General Manager and State Level Coordinator (Oil Industry, MP) have inaugurated the function with lighting the traditional lamp and cake cutting.
  • Declining crude augurs well: Behuria
    New Delhi   09-Sep-2008
    • As global crude oil prices decline, refining margins that provide national oil companies such as IndianOil some respite in the face of mounting under-recoveries on sales of petrol, diesel, kerosene and liquefied petroleum gas also drop, IndianOil Chairman Sarthak Behuria said here on Monday.
  • IndianOil outplays Karnataka; Railways beats Mumbai
    New Delhi   08-Sep-2008
    • It was an enjoyable fare for the goodly holiday crowd in the MCC-Murugappa Gold Cup hockey tournament at the Mayor Radhakrishnan Stadium on Sunday. There was a cornucopia of goals and plenty of action, sometimes exhilarating the phase when goalkeeper Bharath Chetri brought off a string of acrobatic saves from the penalty corners struck by Raghunath.
  • Banks allowed to lend more to IndianOil’s Paradip project
    New Delhi   05-Sep-2008
    • The Reserve Bank of India (RBI) has allowed banks to lend more to state-owned refiner IndianOil’s Paradip project over and above the prescribed limit for them. The move is significant against the backdrop of some large banks such as SBI and Bank of Baroda exceeding their exposure to IndianOil as of March 2008.
  • IndianOil awarded Business Super brand status
    New Delhi   05-Sep-2008
    • IndianOil has been conferred the 'Business Superbrand 2008' status by the Superbrands Council of India. The coveted 'Business Superbrand' award was presented by the Chief Guest, Mr. L. K. Advani, former Deputy Prime Minister and Leader of the Opposition, to Mr. N. Srikumar, Executive Director (Corporate Communications, Branding and Planning), IndianOil, in the presence of Mr. Anmol Dar, Chairman, Superbrands Council of India, at an impressive function held recently. This is the second consecutiv
  • IndianOil to invest Rs 700 cr for NE retail outlets
    Kolkata   03-Sep-2008
    • IndianOil has rolled out a plan for optimum utilisation of space in retail outlets. The oil major will pump in Rs 600-700 crore in the North East to give a facelift to the outlets and Kisan Seva Kendras over the next couple of years.
  • India Inc's Brand Sheet
    New Delhi   02-Sep-2008
    • A reading of this year's Brand Finance India's Top 50 (Company) Brands list with last year's throws up some important lessons for Indian businesses. With 11 debutants in the Top 50 list edging out some of the erstwhile corporate biggies, the message for India Inc., is quite clear-that history and financial heft alone won't guarantee a strong brand-a prerequisite to business success in an environment where tangible differentiators in land, capital et al are fast becoming parity.
  • IndianOil may import diesel in 2009 to meet demand
    New Delhi   02-Sep-2008
    • Flagship refiner IndianOil is likely to import up to 0.7 million tonne of diesel in the January-March period of 2009 to meet rising domestic demand, even as the government is unlikely to relax the 2010 deadline for introduction of Euro-IV motor fuels. "We do not need to import diesel till December," IndianOil director (finance) S V Narasimhan said on the sidelines of IndianOil Foundation Day function here.
  • Fire at Noida's IndianOil building, 4 injured
    New Delhi   31-Aug-2008
    • Four maintenance staff was seriously injured when they leapt from the fourth floor of Noida’s IndianOil office building in Sector 1, to evade a raging fire on Saturday evening.
  • IndianOil enters bond market for Rs 300 cr
    Mumbai   28-Aug-2008
    • After a gap of six years, IndianOil is tapping the bond market to raise term money at a fixed rate of 11 % for ten years and 11.15% for three years. Sources said IndianOil had last raised money from the bond market in 2002.
  • Chaturvedi panel and oil sector reforms
    New Delhi   26-Aug-2008
    • Volatility in supply and prices of imported crude oil and capping of the retail selling prices of the four major products - petrol, diesel, domestic LPG and PDS kerosene - has led to a severe squeeze in the liquidity of the oil marketing companies in the country.
  • Indian Oil JV eyes Mumbai, Delhi airports for fuel deals
    Kolkata   19-Aug-2008
    • IndianOil Sky tanking (IOSL), a consortium of IndianOil, Indian Oil tanking and Germany's Sky tanking, is eyeing Delhi, Mumbai airport modernisation projects for expansion of aviation fuel storage systems.
  • IndianOil may post net loss of Rs 5,800 crore in FY09
    New Delhi   20-Aug-2008
    • IndianOil is likely to end the current financial year with a net loss of Rs 5,800 crore because of widening losses on fuel sales, while Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) may each see losses of Rs 7,000 crore and Rs 5,500 crore, respectively.
  • Indian Oil fuels the spirit of sport
    New Delhi   18-Aug-2008
    • Petroleum Minister Murli, Deora flagged off a motorbike expedition to Marsimik La via Leh last week. Sponsored by IndianOil, the expedition has been organised by the Bikers for Integration & Conservation of Environment (BICE).
  • IndianOil plans CDM projects worth Rs 24 cr at Haldia refinery
    New Delhi   16-Aug-2008
    • IndianOil is planning a host of projects at Haldia refinery to reduce refinery flare, vent air emission and steam consumption as a measure to protect the environment, generate carbon credits and promote the captive use of waste energy.
  • IndianOil wins three OISD Awards
    New Delhi   14-Aug-2008
    • IndianOil walked away with a haul of Oil Industry Safety Directorate (OISD) Awards for 2007-08, at a function presided over by M. S. Srinivasan, former Secretary, Ministry of Petroleum & Natural Gas recently at Chennai.
  • IndianOil ratings
    New Delhi   12-Aug-2008
    • Indiabulls has retained "hold" rating for IndianOil on, August 8. Although crude oil prices have eased off from the record $147 per barrel levels, it believed that supply-side constraints would continue; thus, prices should remain firm in the near-term. "As the company is facing a liquidity crunch and is bearing a significant amount of under-recoveries, we reiterate our Hold rating on die stock," it said.
  • IndianOil 's Auto gas to drive new Indica LPG
    New Delhi   12-Aug-2008
    • IndianOil and Tata Motors jointly launched the 'Go Green. Save More' campaign to coincide with the introduction of the newly designed Indica LPG model in the capital on Monday.
  • IndianOil imports from Middle East up 11%
    Mumbai   08-Aug-2008
    • India's crude oil imports from the volatile Middle East region increased 11 per cent to 89 73 million Ions in 2007-08 with Saudi Arabia being the single largest supplier to Asia's third largest oil consumer.
  • IndianOil gets nod to use Paradip refinery credit
    New Delhi   08-Aug-2008
    • The Reserve Bank of India (RBI) has allowed IndianOil to use its proposed 15-million tonne Paradip refinery's Rs 20,000-crore credit line for meeting its working capital requirement, IndianOil Finance Director S V Narasimhan said on Thursday.
  • Mayaram Surjan Foundation Award for IndianOil publications
    Mumbai   07-Aug-2008
    • Five publications of IndianOil), IndianOil News and IndianOil Samachar (Corporate house-journals in English and Hindi respectively) Prema (Dealer News), IndianOilWest (Bi-monthly and Biltnguidl house journal of IndianOil Western region) and Tarang (House Journal of Guwahati Refinery) were awarded fecenlly by Mayaram Surjan foundation, Raipur. At a function held in Raipufon August 2, 2008, Chhattisgarh CM Dr Raman Singh presented the award to IndianOil officials.
  • IndianOil plans to import 1.2 m tonnes of diesel
    New Delhi   03-Aug-2008
    • IndianOil is planning to go in for import of up to 1.2 million tonnes of diesel this fiscal due to “unprecedented rise” in domestic consumption that has seen a growth of 18-20 per cent.
  • IndianOil in dire need of cash
    Kolkata   31-Jul-2008
    • IndianOil, the country's largest company with an annual income of over Rs 2,56,164 crore, is facing a major cash crunch. "These are difficult times. We are faced with a huge working capital shortage," IndianOil chairman Sarthak Behuria said today after the company reported a 71 per cent plunge in net profit in the first quarter at Rs 415.13 crore.
  • IndianOil 's net profit dips 71 pc in Q1 of FY 09
    Mumbai   31-Jul-2008
    • IndianOil nation's largest fuel retailer, today reported a 71 per cent dip In its net profit in the first quarter as good refinery margins was not loss on fuel sales. Net profit In April - June Quarter plummeted to Rs 415.13 crore" from Rs 1,468.41 crore in (he year-ago period, IndianOil Chairman Sarthak Behuria told reporters here.
  • IndianOil to diversify into wind power generation
    Mumbai   31-Jul-2008
    • IndianOil will diversify into wind power generation on the lines of Oil & Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation (BPCL).The proposed project would cost Rs 131.66crore.
  • IndianOil may import 1mt of diesel
    Mumbai   31-Jul-2008
    • IndianOil may have to import up to one million tonne of diesel after September this year through March 2009 to meet the rising demand for the fuel, company chairman Sarthak Behuria said Wednesday. "Demand for diesel is growing at 18-20 % this year. Earlier, we had a stable demand growth of about 10-12%.
  • Moody's downgrade may hit IndianOil loan plans
    New Delhi   01-Aug-2008
    • Credit rating agency Moody's today downgraded IndianOil ratings, which will make it difficult for the refiner to rise loans abroad. Moody's brought the company's ratings to Baa3 from Baa2 due to the "material decreases in IndianOil 's profitability as a result of continued regulatory restrictions in India," Moody's said in a statement.
  • IndianOil net profit plummets 71% to Rs 415 crore
    New Delhi   31-Jul-2008
    • IndianOil largest fuel retailer, on Wednesday reported a 71% dip in its net profit in the first quarter as good refinery margins was not good enough to makeup for the revenue loss on fuel sales. Net profit in April-June quarter plummeted to Rs 415.13 crore from Rs 1,468.41 crore in the year-ago period, IndianOil chairman Sarthak Behuria told reporters here.
  • IndianOil net profit down 71%
    New Delhi   31-Jul-2008
    • IndianOil, nation's largest fuel retailer, on Wednesday reported a 71 per cent dip in its net profit in the first quarter as good refinery margins was not good enough to make up for the revenue loss on fuel sales.
  • IndianOil net at Rs 415 crore
    New Delhi   31-Jul-2008
    • IndianOil has registered a profit of Rs 415 crore for the first quarter of the financial year, which ended on June 2008 as compared to Rs 1,468 crore for the same quarter of the previous year. IndianOil's gross turnover has moved up from Rs 58,205 crore to Rs 80,735 crore recording a hike of 387%.
  • IndianOil net dips 71 %
    New Delhi   31-Jul-2008
    • Citing huge losses in the shape of Rs. 330 per cylinder subsidy as the major reason, IndianOil on Wednesday acknowledged that it had "imposed restrictions" on the release of new LPG connections in both urban and rural areas leading to return of the "waiting list" phenomenon for lakhs of consumers.
  • IndianOil Ql net plummets 71% on subsidies burden
    New Delhi   31-Jul-2008
    • Battered by the government's policy of keeping fuel prices artificially low in spite of runaway crude costs, flagship refiner-retailer IndianOil on Wednesday saw its first quarter profit plummet 71 % from the previous corresponding period. Despite an all-time high rate of earning from refining operations, profit in the April-June 2008 period sank to Rs 415.13 crore from Rs 1,468.41 crore in the year-ago period.
  • IndianOil Refineries win OGCF Awards - 2008
    New Delhi   31-Jul-2008
    • IndianOil's Mathura, Gujarat and Barauni Refineries have won the prestigious Oil and Gas Conservation Fortnight (OGCF) Awards -2008. IndianOil's Director (Refineries) Mr. B N Bankapur, accompanied by Mr. J P Guharay, ED (Mathura Refinery), Mr. A. S. Basu, ED (Gujarat Refinery) and Mr. B P Das, DGM, Production (Barauni Refinery) received the awards from Petroleum Secretary Mr. M. S. Srinivasan recently in New Delhi, in the presence of Dr. K. S. Balaraman, ED, CHT and other luminaries from the Hyd
  • IndianOil retd officers' annual meet
    Guwahati   29-Jul-2008
    • The-16th annual general meeting of IndianOil Retired Officers' Welfare Association, Guwahati will be held on August 9 at the Guwahati Refinery guesthouse from 10 am.
  • IndianOil's Rs761-cr maiden SBR project at Panipat
    New Delhi   30-Jul-2008
    • IndianOil will soon set up a maiden styrene butadiene rubber (SBR) project at Panipat with an investment of Rs 761 crore. IndianOil plans to hold a stake of 48% and rope in two partners by offering 32% and 20% stake each. The JV will set up a 120 TMPTA emulsion SBR project at Panipat.
  • Tatas, IndianOil join hands for 1,000-mw project in Orissa
    New Delhi   29-Jul-2008
    • Tata Power Company and IndianOil have decided to float a new company for jointly developing a 1,000 mw coal-based mega power project at Paradip in Orissa. The board of IndianOil is meeting on July 30 to approve a joint venture agreement with TPC for setting up of this captive power project. The shareholding pattern of the JV would be 74.26 for TPC and IndianOil, respectively.
  • Now, IndianOil to diversify into wind power generation
    Mumbai   29-Jul-2008
    • IndianOil will diversify into wind power generation on the lines of Oil & Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation (BPCL). The proposed project will cost Rs 131.66 crore.
  • IndianOil diesel sales to Karnataka rise 45%
    New Delhi   28-Jul-2008
    • IndianOil, Karnataka has said that it had kept pace with the increased demand for diesel in the State by transshipping 9,500 kilo litres during the year to Bengaluru alone, registering an increase of 80 per cent over the previous year's aver- age sales during July. For the entire State the supplies have risen by 45 per cent over the same period last year.
  • Oil prices to stabilise at $110 a barrel
    New Delhi   25-Jul-2008
    • Global crude prices are unlikely to drop below $100 a barrel in the near term but may stabilise around $110-115. This, notwithstanding a three per cent drop in the price this week to about $124 on Wednesday, the lowest since June 4. The $110-115 range will continue till at least the end of the year, Indian Oil Corporation chairman Sarthak Behuria (video on www.mydigitalfc.com) told Financial Chronicle.
  • IndianOil explores Turkey, Bangladesh
    New Delhi   25-Jul-2008
    • IndianOil, which has put its overseas retail expansion plan on hold, will make an exception in Turkey, where its partner, Calik Energy, has a licence to open petrol pumps. But it will first conduct a feasibility study. In Bangladesh, it will not sell auto fuels but may market lubricants as it has done in Dubai. City gas distribution in is also a live option for IndianOil in Bangladesh.
  • In search of energy security
    New Delhi   25-Jul-2008
    • Crude oil prices have moved up from about $70 to $145 a barrel in less than a year. The oil supply chain is currently fully stretched, global oil prices are at an all-time high and geopolitical tensions continue to plague the oil producing regions.
  • Reliance, IndianOil, Sail in race for CTL blocks
    Kolkata   24-Jul-2008
    • Reliance Industries, Reliance Infrastructure, Reliance Power, Tata-Sasol, Essar Oil, Jindal Steel fr Power, Adani Power, Gail, IndianOil and Sail are among the 21 corporate biggies that intend to acquire coat blocks offered by the Centre for setting up coal-to-liquid (CTL) projects, Currently, three coal blocks are on offer and corporates which manage to acquire them will have to invest $6-8 billion {Rs 24,000 crore to Rs 32,000 crore) in each block for a 3.5 million tonne oil and oil products
  • IndianOil to go ahead with Orissa refinery
    New Delhi   22-Jul-2008
    • Company expects to complete construction at Paradeep before March 31, 2012. IndianOil Corporation plans to go ahead with its 15 million tonne refinery project at Paradeep in Orissa at a cost of about Rs 30,000 crore.
  • Govt may issue Rs 14,500-cr bonds to oil cos
    New Delhi   19-Jul-2008
    • The Government is likely to issue around Rs 14,500 crore oil bonds to state-run oil marketing companies during August-September, a senior Finance Ministry official said on Friday.
  • IndianOil gets WPC Excellence Award
    New Delhi   17-Jul-2008
    • In a significant development that recognises the competence of Indian research in the global arena, IndianOil beat the likes of Chevron, USA, and Saudi Aramco, Saudi Arabia, to win the coveted World Petroleum Congress (WPC) Excellence Award 2008 in the technical development category.
  • IndianOil wins WPC Excellence Award for technical development
    New Delhi   16-Jul-2008
    • IndianOil wins WPC Excellence Award significant development that recognizes the competence of Indian research in the global arena, IndianOil beat the likes of Chevron, USA, and Saudi Aramco, Saudi Arabia, to win the coveted World Petroleum Congress (WPC) Excellence Award 2008 in the technical development category.
  • IndianOil to weed out fake cylinder consumers
    Patna   13-Jul-2008
    • In a bid to check the pilferage of gas cylinders, oil companies are creating a database of their customers through special software being supplied to distributors in Patna.
  • IndianOil beats biggies to global technology award at ‘oil Olympics’
    New Delhi   11-Jul-2008
    • India has finally found its place on the global oil map. The 19th World Petroleum Congress, billed as the ‘Olympics of oil’, chose flagship refiner-marketer IndianOil for its Technical Excellence Award to recognise the Indian research and development prowess.
  • Max New York Life ties up with IndianOil for product sale in rural areas
    New Delhi   11-Jul-2008
    • After entering into an agreement with Indian Railways as part of brand promotion exercise, Max New York Life Insurance on Thursday tied-up with IndianOil for selling insurance product in rural market through IndianOil's 2000 Kisan Seva Kendras across the country.
  • 7 Indian cos in Fortune list
    New Delhi   10-Jul-2008
    • Mukesh Ambani-led Reliance Industries (RIL) has emerged as the top Indian private company on the latest Fortune 500 Global list, where the country's presence has grown to seven firms with a debut by Tata Steel.
  • Venezuela seeks stake in IndianOil's Paradip refinery
    New Delhi   03-Jul-2008
    • Venezuela's national oil company PDVSA is in talks with IndianOil for taking up to 49% stake in a 15 million tonne refinery the flagship Indian refiner-marketer is building in Orissa's Paradip at an investment of a little under Rs 30,000 crore.
  • The skills paradox
    New Delhi   02-Jul-2008
    • A buoyant economy, exciting opportunities and a burgeoning industry on the one hand and unemployment concerns on the other. This is the paradox of modern-day India.
  • LPG cylinder booking through SMS
    Guwahati   27-Jun-2008
    • LPG (Indian) group of North-cast integrated State office of IndianOil has come up with a number of customer service initiatives for catering better service to Indian customers like LPG refill booking through SMS, so that booking could be made by customers at the time convenient for them.
  • LPG imports may dip after 2010: IndianOil
    New Delhi   25-Jun-2008
    • India's liquefied petroleum gas (LPG) imports may dip after 2010 because of refinery expansions, said an official from IndianOil, the nation's biggest refiner.
  • Liquidity position of oil marketing cos improves
    New Delhi   24-Jun-2008
    • The Reserve Bank of India's decision to allow the oil marketing companies to trade in oil bonds via special market operations and offer much needed foreign exchange has reportedly brought a reasonable change in the liquidity position of public sector oil marketing trio — IndianOil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd.
  • 'We are not here to do free business'
    New Delhi   22-Jun-2008
    • Mr Behuria is one of the most visible faces of corporate India, particularly now with crude oil scaling new heights. In the last couple of years, Mr Behuria has been battling on many fronts with the government’s continuous postponement of a price hike in fuel products. The marginal price hike earlier this month, does not really help IOC as Mr Behuria will explain.
  • ONGC, IndianOil, Gail keen to buy ADB stake in Petronet
    New Delhi   19-Jun-2008
    • IndianOil, Oil and Natural Gas Corp and Gail India have expressed interest in buying out Asian Development Bank's 5.2 per cent stake in Petronet LNG. . In response to ADB's offer to exit the nation's largest liquefied natural gas importing company, three out of the four state-run promoters of Petronet expressed interest in buying ADB's entire equity, industry sources said.
  • IndianOil mops up $1.4 b via bond sale to RBI
    New Delhi   19-Jun-2008
    • IndianOil has so far mopped up around $1.4 billion by selling bonds to Reserve Bank of India under the special market operation, the IndianOil Director-Finance, Mr S.V. Narasimhan, said.
  • Oil cos sell bonds to RBI at premium
    New Delhi   17-Jun-2008
    • The cash-crunch situation of the country's oil marketing companies have eased over the last 10 days as they are selling their oil bonds to the Reserve Bank of India (RBI) at a premium. Previously these bonds were being sold at a discount, primarily to life Insurance Corporation of India, as there were very few buyers of the bonds.
  • Chemical engineering department of Gujarat state team up with IndianOil in building capabilities for hydrocarbon sector
    Ahemdabad   14-Jun-2008
    • In an effort to enhance and strengthen industry Academia Interface, the Petroleum Federation of India in association with Lovraj Kumar Memorial Trust organised a three-day workshop at IndianOil's Gujarat Refinery from 28th -30th May on "Simulation and Modeling in Process Industry". The group of 25 participants was Professors from renowned engineering colleges like while the faculties were Industry experts from IndianOil Refineries and Honeywell Automation.
  • IndianOil-led group to put $3 bn in Iran block
    New Delhi   14-Jun-2008
    • Three state-owned oil companies ONGC Videsh, X IndianOil and Oil India (OIL) - together expect to spend $3 billion if they get the right to develop the Farsi block in Iran.
  • IndianOil plans mini liquefaction plants to exploit gas from marginal fields
    New Delhi   13-Jun-2008
    • IndianOil is looking at various business options, including setting up mini liquefaction plants to source gas from the marginal fields of the country. The company is currently studying all the three options: transporting through cascade, pipelines and liquefaction plants for taking gas from these fields to the market.
  • IndianOil to reduce discount on diesel sales
    New Delhi   12-Jun-2008
    • IndianOil, the nation's biggest refiner, is reducing discounts on diesel sales to industries and bulk clients to narrow losses from selling fuels below cost to retail buyers. "We've cut discounts for many of our bulk buyers and efforts are on for the remaining," Executive Director SK Gupta said. "Crude oil-import costs have reached the sky and we're fighting for survival." The refiner is renegotiating annual contracts for more than 7.5 million metric tonnes of diesel sales to bulk buyers.
  • IndianOil seeks tax holiday for Panipat refinery
    New Delhi   10-Jun-2008
    • State-run IndianOil has made a strong pitch for a tax holiday by notifying the Panipat refinery additional expansion project under section 80 IB of the Income tax Act IndianOil's plea to the Centre comes dose on die heels of the Centre notifying the Paradip refinery for sops, under die same section of the Income Tax Act, Sources told FE that IndianOil is implementing the Panipat refinery additional expansion project, with an investment of Rs l, 107crore.The project is designed to meet die
  • Snapshots
    New Delhi   08-Jun-2008
    • IndianOil Director (Refineries) B N Bankapur releases a poster on the occasion of World Environment Day at the Refineries Headquarters at New Delhi.
  • IndianOil, Oil India acquire stake in Reliance’s East Timor block
    New Delhi   08-Jun-2008
    • IndianOil, OIL have made a financial commitment of $27 million Cos will now approach East Timor Govt for approval IndianOil , along with Oil India Ltd (OIL), has reached an understanding with Reliance Industries Ltd (RIL) to acquire stake in the latter’s offshore oil block in East Timor.
  • IndianOil needs Doc pills to stay healthy
    Kolkata   05-Jun-2008
    • IndianOil may register losses in the first quarter of 2008-09 if the Manmohan Singh government does not come up with a package comprising a mix of oil bonds, duty restructuring and a price hike. This is necessary since recently announced packages do not address long-term liquidity issues of the oil behemoth in terms of under recovery.
  • Time to look at the way we live
    New Delhi   05-Jun-2008
    • Changing climate is redefining our world for all times to come, and for the worse. Across the world, public concern over exposure to extreme climate risks is mounting. And this concern is increasing with every flood, every storm, every heat wave and unprecedented climatic conditions such as the recent cyclonic ravage in Myanmar and episodes of drought, flooding and extreme temperature the world over. Not only that, the number of affected and vulnerable people is on the rise.
  • IndianOil in talks with ITC for merchandise supplies
    New Delhi   03-Jun-2008
    • IndianOil is in initial phase of discussions with FMCG and hospitality sector major ITC Ltd for merchandise supplies from the latter’s Choupal Sagar stores for its 2,050 kisan seva kendra (KSK) outlets across the country, an industry source said.
  • Practising austerity
    Kolkata   30-May-2008
    • The venue chosen by the state-owned IndianOil for announcing its latest quarterly result should have alerted everyone that there was trouble ahead, like most oil PSUs, IndianOil also holds its press conferences in well-appointed five star hotels.
  • Lanka IndianOil registers $21.77 mn net profit
    New Delhi   31-May-2008
    • Lanka IndianOil, the Lankan arm of IndianOil, has announced a net profit of $21.77 million for 2007-08, a turnaround from the losses of $6.38 million registered in the previous fiscal year.
  • BRPL may improve capacity utilization after merger with IndianOil
    New Delhi   31-May-2008
    • Bongaigaon Refinery and Petrochemicals Ltd (BRPL) may go for higher capacity utilization by using imported crude following merger with parent IndianOil. Proposals for capacity escalation may also be considered. The merger proposal is already approved by the shareholders of both the companies and is now awaiting clearance from the Union Government.
  • IndianOil: Profit spill
    New Delhi   30-May-2008
    • Only a rise in the retail prices of petrol, diesel and LPG can bail out India's biggest oil refiner and marketer Rs 2,44,969 crore IndianOil. Or else the government needs to lower import duties and other levies. As it is, higher interest costs and losses from selling products at lower than their cost prices, has resulted in a net loss of Rs 414 crore in the March 2008 quarter, compared with a net profit of Rs 1,503 crore, a year earlier. IndianOil had last declared a quarterly loss in the Decemb
  • IndianOil shelves petrochemicals project
    Mumbai   29-May-2008
    • IndianOil, the nation's biggest refiner has decided to shelve its plans to build a petrochemicals plant at Paradeep in Orissa as of now, owing to doubling of the projected cost, the company's chairman and managing director Sarthak Behuria said on Wednesday.
  • IndianOil unit feels the heat
    New Delhi   29-May-2008
    • The oil crisis and the spiralling cost of steel have almost doubled the cost of IndianOil Paradip refinery-cum-petrochemical project.
  • IndianOil to start rationing fuel supplies
    Mumbai   29-May-2008
    • Baulking at the prospect of higher petrol and diesel prices? Be prepared for long queues atpetrolpumps. IndianOil, after announcing a 7.1% dip in its net profit in 2007-08 on Wednesday, said it has decided to start restricting supplies of petrol and diesel to pumps.
  • IndianOil refinery to cost more
    Mumbai   29-May-2008
    • IndianOil planned refinery and petrochemical project in Orissa will now cost up to Rs 45,000 crore ($10.5 billion), up from the earlier estimate of Rs 26,000 crore, a senior official said on Wednesday "Now refinery alone will cost Rs 30,000 crore and together with the petrochemical project it is expected to be Rs 40,000 -45,000 crore," B N Bankapur, the company's director of refineries, told reporters. Q4 loss.
  • IndianOil registers Rs 414 cr loss in Q4, faces cash crunch
    Ahemdabad   29-May-2008
    • Flagship refiner-marketer IndianOil Corporation on Wednesday said it will limit motor fuels sales to what it can produce at its refineries domestically since it has no money to import petrol or diesel. The statement from company chairman Sarthak Behuria came after the state-owned company posted a Rs 414.27 crore loss in the quarter ended March 31 against a profit of Rs 1,502.69 crore in the previous corresponding period.
  • IndianOil may sell off ONGC, Gail stakes to offset cash crunch
    New Delhi   29-May-2008
    • IndianOil is likely to sell a part of its investments in state-owned ONGC and Gail India to raise further funds and tide over an acute and worsening liquidity crunch. India's biggest refiner and marketer holds 16.45 crore shares, or 7.69%, in ONGC, valued at Rs 14,438 crore. It also holds another2.04 crore shares, or 2.41%, of Gail India valued at Rs 816 crore.
  • IndianOil may tank up via asset sale
    New Delhi   29-May-2008
    • INDIA'S biggest refiner and marketer IndianOil is likely to sell a part of its investments in state-run ONGC and GAIL India to raise funds and tide over an acute and worsening liquidity crunch, a senior official said.
  • Libya signs accord with Sonatrach, Oil India, IndianOil
    New Delhi   27-May-2008
    • Libya, holder of Africa's largest oil reserves, said it signed a final agreement granting exploration and production rights to Algeria's state oil company Sonatrach, IndianOil and Oil India Ltd.
  • IndianOil pledges assets
    New Delhi   26-May-2008
    • The SBI may have reversed its order of nut giving loans for tractor and other agriculture instruments to farmers. But the commercial banks have unanimously decided not to give any credit facility to IndianOil, one of the largest public sector companies under the ministry of petroleum and natural gas.
  • Pass The Sugar, Please
    New Delhi   23-May-2008
    • It's been a spectacular fall from grace. Biofuel-not too long ago dubbed as the big green hope, an eco-friendly alternative to carbon-emitting fossil fuels-has been put through the blender.
  • Opportunity equals achievement
    New Delhi   23-May-2008
    • India's oil refining and marketing major-IndianOil is a diversified, transnational, integrated energy company. With a sales turnover of Rs 2, 20,779 crore ($51 billion) and profits of Rs 7,499 crore ($1.73 billion) for fiscal 2006, IndianOil is India's largest commercial enterprise. IndianOil is also the highest ranked Indian company in the Fortune 'Global 500' listing, having moved up 18 places to the 135th position this year based on its fiscal 2006 performance. IndianOil is the 20th largest p
  • Top 20 companies pay Rs 18,000cr dividend
    New Delhi   22-May-2008
    • Since early January, when BSE sensex hit a record high of over 21K mark, investors' wealth has eroded by over Rs 17 lakh crore as the benchmark index plunged about 19 % from those lofty levels. However, investors in a slew of leading companies have reasons to remain happy since they have received handsome dividends.
  • IndianOil braces for asset mortgage
    New Delhi   22-May-2008
    • IndianOil Corporation has sought shareholders' permission to mortgage its assets, if needed, for raising loans to keep the company going. The only Indian entry in the Fortune 500 list till a few years back, had stood guarantee for multilateral loans the Centre took to overcome the 1991 liquidity crisis.
  • IndianOil seeks nod to raise borrowing limit to Rs 80,000 cr
    New Delhi   22-May-2008
    • IndianOil has sought shareholders approval for increasing its borrowing limits, both domestic and foreign, to Rs 80,000 crore for meeting its working capital requirement and capital expenditure programme. Continued volatility in global crude prices leading to sustained increase in revenue loss due to selling petroleum products below the cost price has increased the company's fund requirements substantially.
  • Soon, IndianOil pumps will refuel your Airtel phone too
    New Delhi   21-May-2008
    • India's latest mobile operator Bharti Airtel has forged an exclusive alliance with the country's flagship oil company IndianOil that will enable the telco to access 18,000 retail outlets and 5,500 Indane cooking gas distributors of the oil giant.
  • Oil marketing companies incur huge loss
    Guwahati   17-May-2008
    • Oil marketing companies would have to bear losses to the tune of Rs 16,700 crore,-even after the Centre issues oil bonds to cover 50 per cent of their under- recoveries in 2007-08, IndianOil Chairman S Behuria said today.
  • PSU oilcos' under-recoveries may cross Rs 2 lakh cr in FY09
    New Delhi   16-May-2008
    • For the aggrieved oil marketing companies, losses from selling fuel below cost could shoot by over two and a half times in 2008-09 at current crude prices, and could affect their borrowing capacity in the next three months, a top industry player said.
  • Losses hurt growth plans: IndianOil
    New Delhi   16-May-2008
    • Higher crude oil prices and subsidized sale of petroleum products will limit borrowing capacity of the PSU oil companies adversely affecting their expansion plans, said IndianOil chairman’s Mr S. Behuria.
  • CPCL net nearly doubles
    New Delhi   16-May-2008
    • Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, has nearly doubled its net profit to Rs. 1,122.95 crore in the year ended March 31, 2008 from Rs. 565.27 crore in the previous year. The turnover at Rs. 32,889.32 crore against Rs. 29,349 crore was the highest ever achieved by the company, according to S. Behuria, Chairman of the company.
  • IndianOil rethinks on Greenfield refinery plan in TN
    New Delhi   16-May-2008
    • IndianOil 15-million tonne Greenfield refinery at Ennore near Chennai would have been the single largest investment that the state of Tamil Nadu might see. At today's costs, the project would cost $ 12 billion (Rs 40,000 crore).
  • Current year will be a nightmare: IndianOil chief
    New Delhi   16-May-2008
    • The Chairman and Managing Director of IndianOil, Mr Sarthak Behuria, has said that the current year would be a "nightmare" in terms of under-recoveries, and said that no oil company would be able to bear the losses unless the Government took some measures.
  • IndianOil may raise premium fuels prices
    New Delhi   14-May-2008
    • State-run refinery-cum-marketing company Bharat Petroleum is considering increasing prices of premium quality auto fuels to partly help cut down rising revenue loss due to spurt in crude oil prices, a senior company official said.
  • IndianOil steps up campaign to promote branded fuel
    New Delhi   12-May-2008
    • Notwithstanding the everyday oil-price shock, branded auto fuels are seeing a steady growth in demand. With consumers willing to pay more for premium petrol and diesel, public sector IndianOil is going ahead full steam to promote its branded fuel.
  • Govt to replace 4 independent directors in IndianOil
    New Delhi   11-May-2008
    • In a rare move, the Union government has decided to replace four independent directors of IndianOil at one go. According to sources close to the development, four fresh names have been sent by the petroleum ministry to the Prime Minister office (PMO) for its approval.
  • IndianOil eyes overseas buys
    New Delhi   07-May-2008
    • The Government today said IndianOil is eyeing acquisition of additional oil assets overseas jointly with state-run Oil India Ltd. "IndianOil, along with Oil India, is scouting for developed/producing properties a broad through asset/company acquisition," the Minister of State for Petroleum and Natural Gas, Mr Dinsha Patel, informed Rajya Sabha in a written reply today.
  • IndianOil move to deter LPG diversion
    New Delhi   05-May-2008
    • Beware if you have multiple connections and use cooking gas cylinders to run a vehicle or a geyser. For these, you are supposed to use costlier commercial cylinders.
  • IndianOil registers growth
    New Delhi   02-May-2008
    • IndianOil Director (Marketing), GC Daga, said IndianOil, sold 58.3 million tones of petroleum products during 2007-08, registering a growth of 8.7% in volumes as compared to the previous year. Indian Oil’s market share increased by 1.1% to touch 48.9 % in the oil industry.
  • IndianOil records 8.9% retail growth
    New Delhi   02-May-2008
    • The economy may be showing signs of a slowdown but diesel consumption, considered one of the indicators of growth, is surging on the back of rising demand from the housing construction industry and increased use of private generators.
  • IndianOil sells oil bonds worth Rs 2,277 crore
    New Delhi   02-May-2008
    • Indian Oil Corporation has sold Rs 2,277 crore of oil bonds from its portfolio for meeting its resource requirements. Bankers said that the sell-off included the 7.33 per cent maturing in 2009, the 8.13 per cent maturing in 2021, 8.20 per cent maturing in 2024 and the 8.40 per cent maturing in 2026. IndianOil affected the sale of the securities through a clutch of investment bankers that included AK Capital, Darashaw & Company and ICICI Securities.
  • IndianOil registers 8.7% volume growth
    New Delhi   01-May-2008
    • IndianOil sold 58.3 million tones of petroleum products during 2007-08, registering a growth of 8.7 per cent in volumes as compared to the previous year. IndianOil's market share has increased by 1.1 per cent to touch 48.9 per cent in the oil industry. Exports during the year touched 3.3 million tones recording 8.5 per cent growth over last year.
  • IndianOil places order of naphtha worth Rs 1,490 cr
    New Delhi   01-May-2008
    • The state-run IndianOil would import 411.6 tmt of naphtha from Emirates National Oil Company for supply to Zuari Industries Ltd (ZIL) at Goa and Mangalore Chemicals and Fertilizers Ltd (MCFL) at Mangalore at an estimated cost of Rs 1,490.35 crore.
  • Corpn Bank ATMs at IndianOil outlets
    New Delhi   30-Apr-2008
    • Corporation Bank and IndianOil have signed memoranda of understanding which will pave the way for setting up of Corporation Bank's ATM at select IndianOil retail outlets across the country, and for extension of financial assistance through loans by the bank to IndianOil dealers for setting up of kisan seva kendras.
  • IndianOil chief at energy forum meet
    New Delhi   29-Apr-2008
    • Sarthak Behuria, CMD of IndianOil, addresses the participants at the International Energy Business Forum held in Rome recently.
  • IndianOil plans Rs 80k-cr war chest
    New Delhi   29-Apr-2008
    • IndianOil is preparing a war chest of Rs 80,000 crore to fund a major acquisition in the exploration & production (E&P) sector. The country's largest oil refining & marketing company will ask its board to approve a doubling of its borrowing limits on Tuesday.
  • International forum on energy
    New Delhi   28-Apr-2008
    • The global oil industry has played an admirable role in ensuring uninterrupted supplies despite facing technological and ecological challenges, over the decades, IndianOil Chairman Sarthak Behuria, chairman said, while addressing the participants at the International Energy Business Forum held in conjunction with the International Energy Forum (IEF) in Rome.
  • IndianOil records 8.7% volume growth in FYO8
    New Delhi   25-Apr-2008
    • Speaking to the media in Mumbai, GC Daga, Director (Marketing), IndianOil said India's energy major, IndianOil, sold 58.3 million tones of petroleum products during 2007-08, registering a growth of 8.7% in volumes as compared to the previous year. IndianOil’s market share increased by 1.1% to touch 48.9% in the oil industry.
  • IndianOil mines private sector for associates in oil sands
    New Delhi   25-Apr-2008
    • Stale-owned IndianOil has dropped plans to go it alone, and is in talks with Indian private sector companies for jointly acquiring stakes in oil sand blocks in Canada. The change in strategy is because the company wants to mitigate its risks, as it is strapped for investible resources, having to absorb growing losses due to subsidy sharing on the sale of petroleum products.
  • The man in the hot seat
    New Delhi   23-Apr-2008
    • Being the finance head of a government-owned oil company that is also on the Fortune 500 list would normally be a cushy job. If the company lords over half the oil retail business in an economy, where consumption is growing without too much regard for carbon footprints, the situation would seem even more comfortable.
  • IndianOil wants to market aviation fuel in Sri Lanka
    Guwahati   19-Apr-2008
    • Having stabilised operations to retail transport fuels in Sri Lanka, the Lanka Indian Oil Corp, a subsidiary of India's state-run oil company, will ask for Colombo's permission to market aviation fuel.
  • OIL-IndianOil sign pact for oil & gas exploration
    Mumbai   18-Apr-2008
    • IndianOil - Oil India combine and Gujarat State Petroleum Corp have signed agreements for exploring oil and gas in five blocks in Yemen. OIL - IndianOil combine along with its foreign collaborators Medco Energy and Kuwait Energy Company signed contracts for Blocks 82 and 83 while GSPC and its partners Jubilant Enpro and Alkor Petro signed pacts for Blocks 19,28 and 57, an official statement said here.
  • IndianOil revamping ailing explosives biz of IBP
    New Delhi   19-Apr-2008
    • IndianOil is making steady progress in restructuring the ailing explosives manufacturing business of the merged IBP. Having decided to wind up the cartridge explosive manufacturing facility at Korba in Madhya Pradesh, the downstream energy major has now struck a five-year agreement with Coal India Ltd (CIL) to supply bulk explosives.
  • IndianOil may follow RIL to Venezuela
    Mumbai   18-Apr-2008
    • India is looking upon Venezuela as a white knight as its state-owned refiner-marketers grapple with raging oil prices. The oil ministry has asked market leader IndianOil Corporation to tap the Andean country for cheaper crude that will yield higher margins and help reduce overall losses accruing from selling motor and kitchen fuels at government-capped prices.
  • Lanka IOC to double lubricant production
    Bhopal   17-Apr-2008
    • Colombo, Apr 18 The Sri Lanka subsidiary of the Indian Oil Corporation has urged upon the Lankan government to revise petroleum prices upwards in view of the global crude oil prices veering towards 110 dollars a barrel.
  • IndianOil starts integration of marketing unit in NE
    Kolkata   17-Apr-2008
    • IndianOil has unbeaten integration and rationalization of the parallel setups fits marketing division and Assam oil division (AOD) in the northeastern states from this it month onwards.
  • Oilmin asks IndianOil to tap Venezuela for crude
    New Delhi   17-Apr-2008
    • India is looking upon Venezuela as a white knight as its state-owned refiner-marketers grapple with raging oil prices. The oil ministry has asked IndianOil to tap the Andean country for cheaper crude that will yield higher margins and help reduce overall losses accruing from selling motor and kitchen fuels at government-capped prices.
  • Indian oil cos ink pacts for 5 blocks in Yemen
    New Delhi   17-Apr-2008
    • Indian oil companies have signed agreements for five hydrocarbon exploration blocks, in Yemen on April 13. According to an official statement, the agreements signed would be sent for ratification to the Yemen Parliament and would - eventually be sent to the President of Yemen to obtain his signature.
  • ONGC, IndianOil capex plans
    Mumbai   15-Apr-2008
    • The Oil & Natural Gas Corporation (ONGC) plans to spend Rs 18,000 crore in the current fiscal year that began April 1, towards the capital expenditure, the company's chairman and managing director R S Sharma said. Meanwhile, Indian Oil Corporation will spend Rs 7,500 crore in 2008-09, Chairman Sarthak Behuria said. Both the companies didn't give details.
  • IndianOil in Yemen
    Mumbai   15-Apr-2008
    • Yemen has signed oil production sharing agreements with 10 oil companies in seven exploration areas in a bid to raise its oil output to 500,000 barrels per day (bpd) by 2010 from 317,000 bpd at the end of 2007. Among the firms that have signed deals include IndianOil, Austria's OMV, Norway's DNO and independent oil firm Kuwait Energy Company.
  • LPG safety awareness programme held
    Jammu   14-Apr-2008
    • A LPG safety awareness programme was organized in Thakur Anant Singh College of Education, Sainik Colony, in collaboration with Jammu area office of IndianOil, here today.
  • BRPL also likely to be merged with IndianOil
    Guwahati   12-Apr-2008
    • Close on the heels of developments, which would mark the death knell for Assam Oil Division's marketing operations, there are now apprehensions that the Bongaigaon Refinery's identity and operations are also under serious threat.
  • IndianOil to process 46.5 million tonne of crude
    New Delhi   15-Apr-2008
    • IndianOil, the country's biggest refiner, expects to process 46.5 million tonnes of crude in the current financial year, marginally down from the last year as it plans maintenance shutdowns at some of its refineries, its director of finance said on Monday.
  • OMV, IndianOil to explore oil, gas in Yemen
    New Delhi   15-Apr-2008
    • OMV AG and IndianOil were among companies that won access to explore oil, and gas in Yemen, the country’s Ministry of Oil and Minerals said in an emailed statement released on Monday. Norway's DNO International ASA and, Kuwait Energy Co also won production-sharing contracts to explore in the country's offshore areas, the statement said.
  • IndianOil loses Rs 320 cr a day on petro products sale
    New Delhi   15-Apr-2008
    • IndianOil is losing Rs 320 crore a day on sales of petroleum products due to continued volatility in international crude prices and no change in retail selling prices of the petroleum products in tandem.
  • Soaring prices may hit oil firms' expansion plans
    New Delhi   15-Apr-2008
    • Huge retail losses due to soaring global crude oil prices are likely to hit the expansion plans of domestic oil marketing companies. "If we continue to incur these kinds of under-recoveries for another year, our project funding will get impacted," said IndianOil Chairman and Managing Director Sarthak Behuria.
  • IndianOil - Bringing Energy to Life
    New Delhi   14-Apr-2008
    • Indian Oil, presently India's largest commercial enterprise IndianOil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 18 places to the 135th position in 2007. It is also the 20th largest petroleum company in the world Platt’s "Top Global Energy Companies" for 2007 ranks IndianOil as 5th in Refining and Marketing worldwide and 8th overall in Asia.
  • IndianOil may buy LNG from Exxon
    New Delhi   14-Apr-2008
    • IndianOil is in talks with Exxon Mobil to buy 2.5 million tonnes of liquefied natural gas (LNG). IndianOil seeks to buy the LNG on long-term contracts from Exxon's Papua New Guinea project. Exxon holds 41.1% in the $10-billion venture. IndianOil is learnt to be negotiating a price of $6 per mmbtu, when the international LNG price is hovering over $ 10 per mmbtu. India recently brought LNG from the spot market at price of $19 per mmbtu.
  • IndianOil takes LNG to companies
    New Delhi   13-Apr-2008
    • IndianOil has started transporting LNG (Liquefied Natural Gas) to the doorsteps of the companies, literally. LNG is currently transported via a web of pipeline network.
  • IndianOil plans refinery, petrochem units in Central Asia
    New Delhi   12-Apr-2008
    • IndianOil has informed the petroleum ministry that it is looking into the possibility offsetting refinery-cum-petrochemical complexes in Turkmenistan and Kazakhstan. IOC is setting up a similar facility in Turkey with its partner Calik Energy and is currently engaged in discussions with some other international oil and gas majors for jointly developing the project as a consortium.
  • IndianOil reaches a new high
    New Delhi   10-Apr-2008
    • IndianOil refineries have achieved a new record of crude processing during the year 2007-08. IndianOil refineries scaled throughput of 47.4mmt, registering a growth of 7.7 per cent in crude processing over the last year.
  • IndianOil to spend Rs 800 crore for rural retail
    New Delhi   07-Apr-2008
    • IndianOil, the largest domestic oil marketing company in the country, is planning to invest Rs 800 crore during the financial year 2009 to expand and modernise its petrol stations, according to a top company executive. The company's petrol pump stations at the end of the financial year 2008 stand at 17,600 and it plans to add 1,195 new outlets in the financial year 2009.
  • Record performance by IndianOil refineries
    Mumbai   05-Apr-2008
    • IndianOil refineries have achieved a new record of crude processing during the year 2007-08. IndianOil refineries scaled throughput of 47.4 MMT registering a growth of 7.7 % in crude processing over the last year.
  • Forbes Ranks RIL 193rd, ONGC 198th, SBI 219th And Indian Oil 303rd
    Mumbai   04-Apr-2008
    • After billionaire businessmen, it is the turn of companies from India to shine on Forbes radar with as many as 48 firms making it to a list of the world's biggest companies compiled by the US magazine. Led by India's most valued firm Reliance Industries and PSU major ONGC, all these 48 Indian firms named in the 'Global 2000 List' have a billion-dollar size in terms of market value.
  • 48 Indian firms in Forbes' Global list
    New Delhi   04-Apr-2008
    • After billionaire businessmen, it is the turn of companies from India to shine on Forbes radar with as many as 48 firms making it to a list of the world's biggest companies compiled by the US magazine.
  • Drive towards green and renewable fuels
    New Delhi   03-Apr-2008
    • As a step towards ensuring the energy security and sustained economic growth of the nation, IndianOil, in its growth-oriented Memorandum of Understanding (MoU) with the Government of India for the year 2008-09, has focused its efforts on ushering in cleaner and sustainable energy resources.
  • IndianOil, AWWA organise awareness campaign
    Jammu   02-Apr-2008
    • IndianOil's Indane unit of J&K, organised LPG safety awareness programme in collaboration with the Army Wives Welfare Association (AWWA) at Nagrota Military station near here.
  • IndianOil wins title
    New Delhi   01-Apr-2008
    • IndianOil (IndianOil beat Bharat Petroleum Corporation Limited (BPCL) to win the BPCL-sponsored 28th Petroleum Sports Promotion Board inter-unit cricket tournament here on Monday.
  • Panipat-Jalandhar LPG pipeline by Dec
    New Delhi   01-Apr-2008
    • The first liquefied petroleum gas {LPG) pipeline in North India will be commissioned by the end of this year. IndianOil, which is laying the 275-km pipeline for the supply of LPG from its Panipat refinery to Jalandhar, hopes to complete the project by December.
  • IndianOil Femina Car Rally on April 6
    Patna   01-Apr-2008
    • Lions Club Patna Femina will organise its fourth 'IndianOil Femina Car Rally,' from Patna to Bodh Gaya, on April 6. Addressing a Press conference here on Saturday, club president Madhu Chhanda Ganguli said around 40 teams were expected to participate in the rally. "The participation of women is a must in the rally.
  • IndianOil to focus on cleaner fuels in 2008-09
    New Delhi   01-Apr-2008
    • State refiner IndianOil today signed a MoU with the government, setting out targets for 2008-09 that focuses on cleaner and sustainable energy resources. The MoU was signed by Petroleum Secretary M S Srinivasan and IndianOil Chairman Sarthak Behuria, the company said here.
  • OMCs debt may swell to Rs 70,000cr
    New Delhi   31-Mar-2008
    • A liquidity crunch has gripped public sector oil marketing companies IndianOil, HPCL and BPCL. Borrowings of the navratnas are likely to be around Rs 70,000 crore in the current fiscal as they find it hard to monetise oil bonds issued by the government against their under-recoveries.
  • IndianOil plans to enter ethanol production
    New Delhi   31-Mar-2008
    • IndianOil is studying various options for becoming an ethanol producer from being just a buyer. The company would be looking at both organic and inorganic prospects for expanding its business in the bio-fuel category.
  • IndianOil mulls crude supply thru pipeline from Paradip
    New Delhi   30-Mar-2008
    • IndianOil is mulling transportation of crude through pipeline from the upcoming SPM at Paradip in Orissa to solve the age-old crude availability constraints in Assam, and expand capacities of Guwahati refinery and Bongai gaon Refinery and Petrochemical Ltd. The latter is a subsidiary and is proposed to be merged with IndianOil.
  • IndianOil, BPCL in final
    Mumbai   28-Mar-2008
    • IndianOil boasting of several internationals in their ranks brooked little opposition from ONGC 'A' as they romped to 5-0 win in the semifinal of the PSPB inter-unit hockey tournament, played at the BHA-Mahindra Stadium, Churchgate on Thursday In Friday's final, IndianOil will take on Bharat Petroleum, who defeated ONGC 'B' 3-1 in the second semifinal.
  • IndianOil Paradip refinery to be over by 2012
    Kolkata   28-Mar-2008
    • IndianOil Paradip oil refinery will be completed by 2011-12, said IndianOil chairman Sarthak Behuria. He was talking to reporters on Wednesday saying: "Construction work of the $ 10-billion project was going on at a satisfactory pace and it would take another 3 5 lo 40 months to be completed, "If the law and order is okay, the plant would be commissioned in due time.
  • IndianOil holds nerve to win in Shootout
    New Delhi   29-Mar-2008
    • IndianOil beat Bharat Petroleum Corporation Limited 7-5 in a penalty shootout in the final of 26th Inter Unit Petroleum Sports Promotion Board hockey tournament played at the BHA-Mahindra Stadium here on Friday after trailing 0-2 at one stage.
  • IndianOil in talks with RIL, GAIL for JV
    New Delhi   28-Mar-2008
    • State-run IndianOil is in talks with Oil and Natural Gas Corporation (ONGC), Reliance Industries (RIL) and GAIL (India) to form 3 joint ventures for city gas distribution. Through its first joint venture, Green Gas (GGL), the company along with GAIL is operating in Lucknow and Agra.
  • IndianOil’s Paradip Oil Refinery project
    New Delhi   28-Mar-2008
    • IndianOil's Paradip Oil Refinery project in Orissa will be completed by 2011-12, said the IndianOil's Chairperson, Mr Sarthak Behuria on Wednesday evening. Mr Behuria in an informal talk with the reporters said construction work of the $10 billion-project was going on at a satisfactory pace and it would take another 35 to 40 in on the to be completed. "If the law and order situation remains okay, the plant would be commissioned in due time," Mr Behuria said.
  • IndianOil goes green on energy security
    New Delhi   28-Mar-2008
    • For Sarthak Behuria, Chairman of state-owned flagship refiner-marketer IndianOil, energy security goes beyond merely ensuring uninterrupted supplies at affordable costs to making sure that consumers conserve energy and when they need it, use fuels efficiently to reduce impact on environment.
  • IndianOil expects to save Rs 1 crore every day on transportation
    New Delhi   26-Mar-2008
    • India's largest oil refiner, IndianOil, expects to save Rs 1 crore every day, largely on transport costs, once its proposed 15 million tonnes per annum (mtpa) refinery and petrochemicals complex at Paradip in Orissa starts operations in 2011.
  • New general manager for IndianOil
    Chennai   21-Mar-2008
    • D.S.L. Prasad has assumed charge as General Manager (Regional Services), Southern Region, IndianOil. According to a press release, Mr. Prasad will also function as the regional level coordinator for the oil industry, southern region, representing the public sector oil companies in the states and union territories, including Lakshadweep.
  • IndianOil buys 2m bbls crude
    Mumbai   21-Mar-2008
    • IndianOil has bought by tenders 2 million barrels of Escravos crude and 500,000 barrels of Ras Gharib for May arrival, sources said on Thursday. IndianOil bought a Very Large Crude Carrier (VLCC), of the Nigerian grade Escravos at dated plus $3 to $4 a barrel and purchased Egyptian heavy crude Ras Gharib at $12 a barrel discount to Dubai, a trade source said.
  • IndianOil chief inaugurates LPG treating unit at Begusarai
    Patna   20-Mar-2008
    • The chairman of the IndianOil, Sarthak Behuria along with director refineries, B N Bankapur, director marketing, G C Daga and other senior officers, concluded two-day inspection of the Barauni oil refinery here on Tuesday. Besides inspections of the plant, the chairman IndianOil also inaugurated the LPG treating unit and a community hall during his two-day stay here.
  • India's Top PSUs 2008
    New Delhi   22-Mar-2008
    • 123 companies aggregate a total income of Rs 13,038 bn in FY07. These companies showed a 15.29 pc year-on-year in terms of total revenue during FY07, The oil & gas sector accounted for major chunk of the total income (43 pc) followed by banking and insurance (15 PC each). IndianOil, LIC, BPCL, HPCL and ONGC emerged as the top companies in terms of revenue.
  • IndianOil bags corporate of the year award
    New Delhi   22-Mar-2008
    • Petroleum minister Murli Deora on Friday gave away the PetroFed awards. While GAIL (India) was adjudged the oil and gas transportation company of the year for 2006-07, IndianOil bagged the oil and gas corporate of the year award.
  • Gopichand enjoys role reversal
    New Delhi   22-Mar-2008
    • How a national coach feels when he faces an opponent, he commands during practice. "Its funny", says Indian badminton coach Pullela Gopichand, who led the IndianOil team in the 29th Petroleum Sports Promotion Board (PSPB) badminton tournament in New Delhi.
  • IndianOil March refining margin seen at record
    New Delhi   21-Mar-2008
    • March may prove to be a watershed month for the refining operations of IndianOil. Having witnessed sharp decline in refining margins in January and February, IndianOil is now headed to touch the $11 a barrel margin in March, enough to lift the GRM (gross refining margin) for the quarter to $9 a barrel.
  • IndianOil piped LPG now in Northeast
    Kolkata   17-Mar-2008
    • The Indian Oil Corporation today launched its first reticulated LPG supply system, which is also known as 'piped LPG' and has gained popularity in other parts of the country, in North East. In a reticulated system, the distribution of LPG to the customers is done through a pipeline network with metering facility.
  • IndianOil in two finals
    New Delhi   18-Mar-2008
    • IndianOil made it to both the men's and women's final in the 29th Petroleum Sports Promotion Board (PSPB) badminton tournament at the Siri Fort Sports Complex here on Monday.
  • IndianOil meet ONGC in team final
    New Delhi   18-Mar-2008
    • Arvind Bhat shook his head in disgust, mumbled to himself and cursed his awry luck. Overcome with a sense of déjà vu, Bhat wondered, yet again, how he had managed to be in a situation not unfamiliar to him.
  • IndianOil's new SBU to tap global opportunities
    New Delhi   18-Mar-2008
    • IndianOil, the country's energy major, has set up a separate strategic business unit (SBU) to market its petrochemical products and capture a major portion of the global market. According to sources dose to the development, "The SBU has five exclusive sub-groups, classified product wise (Linear Alkyl Benzene (LAB), PTA, polymers) and function-wise (logistics and exports)."
  • IndianOil begins reticulated system of LPG distribution in Assam
    New Delhi   17-Mar-2008
    • With the real estate sea or of Assam particularly in Guwahati witnessing a boom, the IndianOil (Assam oil division) has started reticulated system of LPG distribution in Assam. The Assam government is also planning to initiate suitable amendments in building bylaws for making a popular reticulated; system.
  • PSUpicks – NRPL Sangrur gets safety award
    New Delhi   10-Mar-2008
    • NRPL, Sangrur, is first ever pipeline terminal of IndianOil to receive the Punjab State Safety Award for best safety practices in place. The first pipeline terminal of IndianOil was commissioned in Punjab 25 years ago. IFFCO MD conferred DSc Indian Farmers' Fertiliser Cooperative Limited (IFFCO) managing director U.S. Awasthi was conferred the Doctor of Science (DSc) by Vikram University, Ujjain.
  • IndianOil, Maruti Ink deal for lubricants
    New Delhi   14-Mar-2008
    • Public sector firm IndianOil has signed an agreement with the country's leading car manufacturer, Maruti Suzuki India for marketing its lubricants under the letter's genuine parts trademark.
  • IndianOil to invest over Rs 500 cr in R&D
    New Delhi   14-Mar-2008
    • IndianOil is investing close to Rs 500 Crore during the five-year period 2007-12 to maintain its leadership position in downstream R&D of the hydrocarbon sector, according to IndianOil Chairman, Mr Sarthak Behuria. Speaking at the 6th International Symposium on Fuels & Lubricants (ISFL-2008) hosted by IndianOil's R&D Centre here, Mr Behuria said that IndianOil, has till date invested close to Rs 1,000 crore in setting up world-class facilities at its R&D Centre located at Faridabad.
  • IndianOil eyes Rs 18k cr profit from petrochem
    New Delhi   14-Mar-2008
    • IndianOil, India's flagship energy major has projected a turnover of Rs 18,000 crore from its petrochemicals business by the year 2011-12. According to company sources, the company is planning to become a leading petrochemicals player in the country within a short period of time." These initiatives are designed to project IndianOil among the top three petrochemical players in South East Asia in the long term headed.
  • Matter of interest for India Inc
    New Delhi   13-Mar-2008
    • Sustaining the current growth momentum was the theme as leading CEOs raised issues of concern and offered recommendations at ET’s session with the FM. JK Paper MD Harshpati Singhania raised the issue of relatively high interest rates and a possible negative impact on reinvestment by the manufacturing sector.
  • IndianOil keen on buying ADB stake in Petronet
    New Delhi   13-Mar-2008
    • State-owned oil refining and marketing firm, IndianOil, has expressed interest in buying out Asian Development Bank's (ADB) 5.2% stake in Petronet LNG Ltd, company chairman Sarthak Behuria said.
  • FM, corporazzi trade ideas and PSU chiefs steal show
    New Delhi   13-Mar-2008
    • If the March morning dictated anything to the gathering, it was optimism. It was as bright and sunny outside as in the Taj Mahal Hotel’s Diwan-e-Aam as India’s corporate khaas discussed the needs of the aam aadmi with the man who made it a mantra for Budget 2008.
  • Govt to issue Rs 9,297-cr oil bonds
    New Delhi   13-Mar-2008
    • The government has decided to issue oil bonds worth Rs 9,297 crore to PSU oil marketing companies (OMCs), IndianOil, BPCL and HPCL, to partly compensate them for selling domestic LPG and PDS kerosene below cost during the October-December quarter.
  • IndianOil to invest Rs 500 cr in R&D
    New Delhi   13-Mar-2008
    • Indian Oil Corporation will invest about Rs 500 crore in downstream research and development during the 11th Five-Year Plan ending 2012 to maintain its leadership position, company Chairman, Mr Sarthak Behuria, said today.
  • IndianOil may wind up Korba facility
    New Delhi   13-Mar-2008
    • IndianOil may wind up the explosives-cartridge manufacturing facility of the merged IBP in 2008. The facility is located at Korba in Chhattisgarh. According to sources, there is no such immediate plan for winding up the bulk explosives business and IndianOil is working out a fresh supply agreement with Coal India Ltd.
  • IndianOil keen on ADB stake in Petronet
    New Delhi   13-Mar-2008
    • After GAIL, IndianOil has expressed interest in buying out Asian Development Bank's 5.2 per cent stake in Petronet LNG Ltd, company Chairman Sarthak Behuria said here. However, if the state-run promoters of Petronet are not allowed to raise stake in the company for fear of it becoming a public sector unit, Behuria suggested selling ADB's shareholding to the public.
  • IndianOil may double diesel imports in '08-09
    New Delhi   11-Mar-2008
    • State-run IndianOil may double its diesel imports to one million tonnes in the next financial year if domestic demand continues to grow strongly, its director of refineries said on Monday.
  • Budget to hurt IndianOil Paradip plan
    New Delhi   11-Mar-2008
    • Flagship refiner-marketer IndianOil Corporation is worried over the withdrawal of tax holiday to new refineries announced in the Budget, a move that will reduce the profitability of its new refinery being planned at Paradip in Orissa with an estimated investment of Rs 24,000 crore.
  • Tax holiday withdrawal to hit IndianOil
    New Delhi   11-Mar-2008
    • IndianOil on Monday said the move to withdraw tax holiday to new refineries would result in lowering of profitability of its Rs 24,000-croreParadip refinery in Orissa. "The rate of return on capital invested in the 15-million-tonne-a-year refinery cum petrochemical plant will be lower by 1.5-2%,” IndianOil Chairman Sarthak Behuria said.
  • Plan to invest surplus only after PetroMin nod
    New Delhi   10-Mar-2008
    • Fortune 500 firm IndianOil's proposed strategy to invest its surplus funds is restricted to only big equity-linked mutual fund schemes of minimum Rs 500 crore. Investments in equity-linked MFs would be limited to Rs 500 crore in a fiscal and Rs 2,000 crore has been proposed as an overall ceiling for such investments at any point of time.
  • IndianOil's pipeline terminal bags award
    New Delhi   07-Mar-2008
    • IndianOil Corporation's pipeline terminal in Sangrur has been adjudged as the best in the northern region and awarded the Punjab government's safety award.
  • Govt employees efficiency levels up by 40 pc
    New Delhi   07-Mar-2008
    • The pressures of liberalization and integration of Indian economy with those of global, economics have inspired nearly 58 per cent of Government employees to raise their efficiency and productivity levels by 35-40 per cent and shed their lethargy which was so rampant and visible during closed economics days, according to latest findings undertaken by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
  • PSUs queue up at B-schools
    New Delhi   06-Mar-2008
    • Over the last five years, India's elite B-schools have made headlines with monotonous regularity about record breaking salaries and better-than-ever job offers during campus placements. The mad rush to sign up some of the best managerial talent could just be getting worse with the entry of a pack of talent hungry giants — the Indian public sector undertakings (PSUs). And students are showing stronger-than-ever inclination to listen to them.
  • IndianOil Chairman inaugurates art exhibition
    New Delhi   02-Mar-2008
    • Sarthak Behuria (2-L), Chairman of IndianOil at the 17th Indian Oil Corporation art exhibition at Indian Oil Bhawan in Bandra East. Behuria inaugurated the exhibition. Pic by Srikant Sahu
  • Shareholders okay IndianOil-BRPL merger
    Mumbai   29-Feb-2008
    • IndianOil on Wednesday said the shareholders have approved the merger of its subsidiary Bongaigaon Refinery and Petrochemicals with itself. Shareholders, secured creditors, approved the scheme of amalgamation of merger of BRPL with IndianOil and unsecured creditors during their respective meetings held on February 22.
  • Lanka IndianOil posts Q4 profit
    New Delhi   28-Feb-2008
    • Lanka IndianOil, the Sri Lankan unit of IndianOil, posted a profit for the fourth straight quarter on higher revenue. Net income in the fiscal third quarter was Rs 28.2 crore, compared with a loss of Rs 32.7 crore a year earlier, the Colombo-based company said in a release faxed by the Colombo Stock Exchange. Sales rose to Rs 1,150 crore from Rs 810 crore in the three months ended December 31, 2006.
  • IndianOil gets nod for BRPL merger
    New Delhi   28-Feb-2008
    • The country's largest oil firm, IndianOil, on Wednesday said the share holders have approved the merger of its subsidiary Bongaigaon Refinery and Petrochemicals with itself.
  • IndianOil refinery in Orissa
    Mumbai   27-Feb-2008
    • State-owned refiner IndianOil will set up a 15-million tonne per annum capacity refinery and petrochemical complex at Paradip in Orissa, state petroleum minister Dinsha Patel said here on Tuesday. He was replying to a question in the Rajya Sabha, the upper house of the Indian parliament. "IndianOil expects to complete the project by October 2011," Patel said.
  • IndianOil rally past Al to enter final
    New Delhi   27-Feb-2008
    • The second semi-final between Indian Oil and Indian Airlines was sans the expected flair but was played at a breathtaking pace, a feature that has been lacking in the Ranjit Singh hockey tournament thus far.
  • IndianOil eyes tie-up with S Africa co
    New Delhi   26-Feb-2008
    • Flagship refiner IndianOil Corporation has evinced interest in joining projects to synthesize automotive oil from coal being pursued by South African oil firm Sasol, particularly the one in India in joint venture with the Tata group. The state-owned company has expressed its wish to the external affairs ministry for flagging it to Pretoria during Pranab Mukherjee’s visit to that country.
  • Volatility in crude may hit IndianOil refining margins
    New Delhi   26-Feb-2008
    • Having recorded a reasonably high refining margin throughout the year, IndianOil is expecting a drop in gross refining margin (GRM) in the fourth quarter due to sudden volatilities in crude and product prices. The company, however, hopes to post a GRM of close to $9 a barrel for the entire fiscal.
  • IndianOil edge past Air India
    New Delhi   25-Feb-2008
    • IndianOil beat Air India, Mumbai (4-2) while Air India (North) defeated Namdhari XI 5-3 in the Maharaja Ranjit Singh Hockey Tournament at Shlvaji Stadium here on Sunday.
  • IndianOil hosts aviation meet
    New Delhi   25-Feb-2008
    • IndianOil hosted the 16th International Aviation Conference at Jodhpur. Delegates from over 35 countries attended.
  • Oil retailers want PFs to invest more in their bonds
    New Delhi   25-Feb-2008
    • Public-sector oil retailers IndianOil, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd -want provident/gratuity and super annotation funds to invest more in special oil bonds. They contend that the yields from oil bonds are better than those from plain Government securities for such investors.
  • IndianOil in talks to buy stakes in Canada's oil sand blocks
    New Delhi   25-Feb-2008
    • In an attempt to secure oil supplies for its refineries and strengthen India's energy security, the state-owned IndianOil is looking to acquire stakes in oil sand blocks in Canada and is talking to Shell Canada Ltd and BP for the same.
  • IndianOil defeat PSB
    New Delhi   22-Feb-2008
    • IndianOil pipped Punjab and Sind Bank 2-1 in a Group I encounter, while Air India (Mumbai) outstroke 'Army XI 5-4 via sudden death in the Maharaja Ranjit Singh Hockey Tournament here today. Hamza Mustafa scored in the 50th minute to put IndianOil in the lead.
  • IndianOil inks agreement with Maruti
    New Delhi   22-Feb-2008
    • IndianOil, the flagship oil marketing company, signed an agreement with Maruti Suzuki India Limited (MSIL) for marketing of Maruti Genuine Oil (MGO) through out the country.
  • IndianOil: Easier bookings
    New Delhi   21-Feb-2008
    • IndianOil has been the pioneer in customer service and in yet another endeavor to further improve customer service, it has launched refill booking through Internet, SMS and IVRS Mr S.S. Bapat, General Manager, IndianOil, Delhi & Haryana State Office inaugurated and launched for the first time in the country, the integrated Indane Refill Booking System through the Internet /SMS/Integrated Voice Recording System (IVRS) for all the Indane Distributors in Delhi.
  • Now LPG on SMS, Internet
    New Delhi   19-Feb-2008
    • In an attempt to eliminate middlemen and make the booking system customer-friendly, IndianOil on Monday announced the launch of booking for Liquefied Petroleum Gas (LPG) through Internet, SMS and Interactive Voice Response System The service was initially launched in Delhi. It would be extended to other parts of the country in phases. It is understood that even Bharat Gas and Hindustan Petroleum Corporation Limited will follow suit soon.
  • IndianOil to invest in oil quality control
    New Delhi   18-Feb-2008
    • IndianOil will invest Rs 9,000 crore to improve the quality of petrol and diesel in its refineries, a company press release said. According to the Auto Fuel Policy, petrol and diesel quality for 13 major cities will be on a par with Euro-IV norms from April 1, 2010, and the rest of the country will switch over to Euro-III quality.
  • IndianOil looking for partners for expansion
    New Delhi   18-Feb-2008
    • Turning aggressive on acquiring oil and gas blocks under the seventh round of the New Exploration Licensing Policy (NELP), State-run IndianOil is on the lookout for international players, especially from the U.S.
  • IndianOil observes Productivity Week
    Mumbai   18-Feb-2008
    • In his message on the occasion of the 'Productivity Week' being observed during 12 to 18 February 2008 across IndianOil Refineries and offices, B N Bankapur, Director (Refineries) stated that "In order to achieve a higher economic growth rate, the corporate sector needs to look at sustainable development challenges not only as a component of corporate social responsibility, but also as a business opportunity At IndianOil this philosophy is well practiced and can be seen in action at all refineri
  • 'Barauni refinery achieved record turnover'
    New Delhi   18-Feb-2008
    • The Barauni unit of IndianOil witnessed an excellent all-round performance, setting up several milestones and an all-time record in turnover, profit, product sale through pipeline network in 2006-07.
  • Indane users can now order LPG online or SMS
    New Delhi   15-Feb-2008
    • For the convenience of consumers, IndianOil has launched booking of refill LPG cylinders on the Internet, mobile and landline phones. 7b book on the Internet, log on to <a href= http://www.tomogas.com/iocl class=normallink>www.tomogas.com </a>IndianOil and follow the instructions. Through this system, a customer can also lodge complaints.
  • Productivity Week gets under way at IndianOil’s Guwahati Refinery
    Guwahati   13-Feb-2008
    • Like previous years, the Productivity Week is being observed at Guwahati Refinery from February 12 to 18 along with rest of the country with this year's theme 'Productivity for Sustainable Development'. The week started with hoisting of the flag by the Executive Director, Guwahati Refinery G Bhanumurthy at a function organised in the lawn of the Administrative Building.
  • Petro price hike just a drop in ocean for PSUs
    New Delhi   15-Feb-2008
    • The Increase in retail price of petrol and diesel by Rs.2 and Re. 1 per litre would reduce the revenue loss (under recovery) of public sector oil marketing companies by Rs. 840 crore in the remaining six weeks of the current financial year. Inspite of the price increase, the under recovery on petrol is Rs. 7.25 per litre, Rs. 9 for a litre of diesel, Rs. 19.89 in kerosene and Rs. 331 for a 14.2 kilogram cylinder.
  • IndianOil to take marine fuel biz global
    New Delhi   15-Feb-2008
    • IndianOil, the largest commercial enterprise in the country, is now going global with the launch of its marine service products in Dubai, likely by the year-end. According to a senior IndianOil official, "In order to tap the global marine oil market, the company has decided to launch its product in the Gulf region." At present, IndianOil is the only oil company in India that produces marine lubricants for the shipping industry.
  • IndianOil to invest Rs 3,500 cr in pipeline projects by 2012
    New Delhi   13-Feb-2008
    • IndianOil will invest Rs 3,500 crore to lay 2,080 km of crude oil and petroleum product pipeline by 2011-12, K.K. Jha, executive director - projects, said today. Of the 2,080-km pipeline, 730 km will be for crude oil and the balance 1350 km for moving petroleum products.
  • IndianOil inks agreement with Maruti Suzuki
    New Delhi   13-Feb-2008
    • IndianOil has signed an agreement with Maruti Suzuki India Limited (MSIL) for marketing of Maruti Genuine Oil (MGO) through out the country. The agreement was signed by Amitav Chatterjee, Executive Director (Lubes), IndianOil and CK Dave, Executive Director (SPD), Maruti Suzuki India Limited (MSIL) in the presence of SS Bapat, General Manager, Delhi State Office, IndianOil, RS Kapoor, Deputy General Manager, Spares Parts Division, MSIL and other Officials from both IndianOil and MSIL.
  • IndianOil lines up Rs 9,000 crore
    New Delhi   12-Feb-2008
    • Government-run IndianOil will invest Rs 9,000 crore to improve quality of petrol and diesel produced at its refineries, a company Press release said here. As per the Auto Fuel Policy, petrol and diesel quality for 13 major cities will be at par with Euro-IV norms from 1 April 2010, and rest of the country will switch over to Euro-Ill quality.
  • Fuel quality: IndianOil to invest Rs 9,000 crore
    New Delhi   12-Feb-2008
    • IndianOil plans to invest Rs 9,000 crore on quality improvement projects to improve the quality of petrol and diesel produced at its refineries. "While the company is meeting the present requirements of fuel quality for better environment, IndianOil is gearing up to respond to the future needs as well," Mr B.N. Bankapur, Director Refineries, IndianOil, said.
  • IndianOil plans to invest Rs 9k crore
    New Delhi   12-Feb-2008
    • Government-run IndianOil will invest Rs 9,000 crore to improve quality of petrol and diesel produced at its refineries, a company press release said here. As per the Auto Fuel Policy, petrol and diesel quality for 13 major cities will be at par with Euro-IV norms from April 1, 2010, and rest of the country will switch over to Euro-Ill quality.
  • SCOPE awards for meritorious officials
    New Delhi   11-Feb-2008
    • Heavy Industries minister Santosh Mohan Dev presented the "SCOPE Meritorious Awards in Specialized Fields for 2005-06". National Hydroelectric Power Corporation chairman received the awards and managing director S.K. Garg for social responsibility;<font:color=brown> IndianOil chairman S. Behuria and director (HR) VC</font>.
  • IndianOil signs agreement with Siti Energy
    Mumbai   09-Feb-2008
    • IndianOil has signed an agreement with Siti Energy Limited (SEL) for supply and retailing of CNG through IndianOil Petrol Stations in Moradabad, Uttar Pradesh. The agreement was signed in NOIDA by Amresh Kapoor, Deputy General Manager, Retail Sales, IndianOil and A K Gupta, CEO, Siti Energy Ltd. in the presence of A K Girdhar, General Manager, UP State Office, NOIDA and other Officials from IndianOil and SEL.
  • Oil cos dominate campus hiring at NIT Calicut
    New Delhi   09-Feb-2008
    • Public sector oil companies dominated the placements from the NTT Calicut this year with fat pay packages as the IT majors preferred to stay away. With as many as 90 companies visiting the campus for recruitment the students were found to opt more for core engineering jobs.
  • IndianOil charts big retail push in 2008-09
    Mumbai   07-Feb-2008
    • IndianOil has earmarked a marketing spend of at least Rs2,000 crore during 2008-09, of which Rs 1400 crore has been earmarked for retail initiatives. The balance will be allotted for creating/upgrading bottling plants, storage terminals, aviation fuelling stations and pipelines.
  • IndianOil to give facelift to BSRTC
    Patna   06-Feb-2008
    • The Bihar State Road Transport Corporation (BSRTC) depots are all set to get a facelift, courtesy IndianOil. The IndianOil has offered to provide all modern amenities at the BSRTC depots.
  • IndianOil's borrowings increase to Rs 29,908 crore
    New Delhi   07-Feb-2008
    • The borrowings of the IndianOil have zoomed to Rs 29,908 crore (provisional) as on December 31,2007 from Rs 27,963 crore as on September 30,2007 and are at higher levels consistently on sustained under-recoveries. The foreign currency borrowing level has also increased from $2885 million in September $2961 million in December and is currently at around $2908 million.
  • IndianOil may seek board's nod for Rs 5,000-cr Haldia paraxylene plant
    New Delhi   07-Feb-2008
    • IndianOil may seek board approval for the Rs 5,000-crore paraxylene unit at the Haldia refinery in March. Haldia will be IndianOil's fourth such facility. Paraxylene, a petrochemical product, will find ready use as a feedstock in the neighboring MCC PTA India Corporation Pvt. Ltd a subsidiary of Tokyo-based Mitsubishi Chemical Corporation for producing purified terephthalic acid (PTA).
  • Budget wish list
    New Delhi   06-Feb-2008
    • Sarthak Behuria, Chairman, IndianOil "The Customs duty on crude oil should be brought down to zero. There should be an excise duty reduction for pipeline projects akin to what the government gave for refineries last year"
  • IndianOil signs pact for supply of CNG
    New Delhi   05-Feb-2008
    • IndianOil Corporation signed an agreement with Siti Energy Limited for supply and retailing of CNG through IndianOil petrol stations in Moradabad, Uttar Pradesh. The pact was signed in Noida, by Amresh Kapoor, deputy GM (Retail Sales), IndianOil, and A K Gupta, CEO of Siti Energy, in the presence other officials.
  • Deep Industries signs pact with IndianOil
    New Delhi   05-Feb-2008
    • Deep Industries, an air and gas compression company today said it has reached an understanding with the IndianOil for exploration and marketing of gas.
  • Global energy meet: GAIL, IndianOil chiefs to lead Indian charge
    New Delhi   05-Feb-2008
    • A galaxy of oilmen from state owned entities would bat to secure for India a crease at the global energy arena during the International Petroleum Week, Europe's top jamboree for the hydrocarbons industry starting February 18 in London.
  • IndianOil to hit the road, supply l mtpa LNG at doorstep
    New Delhi   04-Feb-2008
    • For the first time in India, IndianOil, the country's largest refiner plans to transport one million tonne per annum (mtpa) of liquefied natural gas (LNG) in cryogenic containers by road to its customers as it seeks to expand its customer base.
  • SCOPE chief Behuria opposes SEBI listing agreement
    New Delhi   04-Feb-2008
    • Standing Conference of Public Enterprises (SCOPE) has questioned the listing agreement of Securities & Exchange Board of India (SEBI). SCOPE chairman Sarthak Behuria argues that it is not necessary for a company's board to have 50% of members as independent directors as mandated under clause 49 of the listing agreement.
  • IndianOil set to raise capex by 80% to Rs 8,500 cr
    New Delhi   03-Feb-2008
    • IndianOil is set to increase its capital expenditure by almost 80 per cent to Rs 8,500 crore in 2008-09. The investments will increase further to Rs 10,000 crore in 2009-10. The company's capex for the current fiscal was Rs 4,500 crore.
  • 'Include oil bonds for investment in PF trust': Chairman, IndianOil
    New Delhi   03-Feb-2008
    • Following the reluctance on the part of State Bank of India, the fund manager of Employee Provident Fund Organisation (EPFO), public sector oil marketing companies (OMCs) have demanded inclusion of oil bonds for investment in provident fund trust.
  • IndianOil's painting contest on oil conservation
    Patna   01-Feb-2008
    • Students from various schools participated in a painting competition at a function 'Oil and Gas Conservation Fortnight-2008' organised jointly by IndianOil, Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL). The programme, which had started on January 15, concluded on Thursday Students of 12 schools of the state capital participated in the contest.
  • IndianOil may get lower stake in Turkey refinery
    New Delhi   01-Feb-2008
    • The country's largest oil refiner, IndianOil, that was looking to acquire a 51% stake in a refinery coming up in Turkey, will now have to be content with a lesser stake because more firms from other nations are interested in the project, which could serve as a gateway to lucrative markets in Europe.
  • IndianOil among 12 Indian firms join $l bn profit club
    New Delhi   01-Feb-2008
    • Riding on a resurgent economy and a stronger rupee, ranks of billion dollar Indian companies those which have a net profit of over $1 billion are set to swell, if the third quarter numbers are anything to go by.
  • LPG imports may rise 11% next year: IndianOil
    New Delhi   01-Feb-2008
    • India, Asia's third largest oil consumer, may increase the import of liquefied petroleum gas (LPG) by 11% next year, the nation's biggest refiner said. India may import 3 million tones (mt) of the fuel, mostly used for cooking, in the year beginning April 1, compared with 2.7mt in the year ending 31 March, said Sarthak Behuria, Chairman of IndianOil. Cooking gas imports may rise because of higher local demand and inadequate supplies from Indian refiners, Behuria told reporters in New Delhi on Th
  • Strong refinery margins lift IndianOil net 16.7%
    New Delhi   01-Feb-2008
    • Strong refinery margins have helped state-owned IndianOil report a 16.7 per cent growth in net profit for the third quarter of the current fiscal. The PSU refining and retailing major has posted a net profit of Rs 2,091 crore for the quarter ended December 2007 (Rs 1,792 crore during the same quarter in the previous year). IndianOil's gross turnover for the third quarter was up 13 per cent to Rs 64,726 crore (Rs 57,365 crore).
  • IndianOil, Essar Oil's crude pipeline link at Vadinar may fructify
    New Delhi   31-Jan-2008
    • The long-delayed interconnection of crude pipeline between IndianOil and Essar Oil Limited (EOL) at Vadinar in Gujarat is likely to take shape soon. With interconnection, the concerned companies can rely on the other's pipeline for oil transport in case of an emergency.
  • IndianOil will bid in Algeria with Sonatrach, OIL
    Mumbai   29-Jan-2008
    • The country's largest petroleum retailer IndianOil would be tying up with Sonatrach and Oil India Ltd (OIL) for bidding for oil and gas blocks in Algeria. Sonatrach operates the largest oil field in Algeria Hassi Messaoud, and is owned by the Algerian government.
  • Oil PSUs want SBI to invest PF money in bonds
    New Delhi   30-Jan-2008
    • Public sector oil marketing companies IndianOil, HPCL and BPCL have asked the government to issue necessary clarifications to the provident gratuity and superannuation funds to participate in the liquidation of the special oil bonds.
  • IndianOil, Tata Power to form JV
    New Delhi   29-Jan-2008
    • In what might be the first such partnership in the country, India's largest oil-refinery, the state-owned IndianOil, and Tata Power Co. Ltd will soon form a joint venture (JV) to set up a l.000 MW power project at Mirthapur in Orissa. "While Tata Power will have a majority stake of 74%, the balance will be held by us. The project will have an initial capacity of 500MW, which will be later ramped up to 1,000 MW.
  • IndianOil, HP and BP likely to get Rs 9,080 crore bonds
    New Delhi   29-Jan-2008
    • State-run IndianOil, Hindustan Petroleum and Bharat Petroleum are likely to get bonds worth Rs 9,080 crore bonds as part compensation for selling fuel below cost during the third quarter ended December 31, 2007.
  • IndianOil plans automation of retail outlets
    New Delhi   26-Jan-2008
    • IndianOil has embarked on an ambitious project of complete automation of its retail outlets in Punjab, Himachal Pradesh and Jammu and Kashmir. This will completely revolutionize the services provided by these retail outlets in the region. Top officials in the IndianOil informed TNS here today that by the end of this fiscal they would have 111 completely automated retail outlets. "We plan to have 200 such retail outlets in the region by the end of next financial year.
  • IndianOil man on US NGO board
    New Delhi   28-Jan-2008
    • B.N. Bankapur, Director (Refineries), IndianOil has been selected to the prestigious Manufacturing Committee of National Petrochemicals and Refiners Association (NPRA), USA as its member. NPRA is a well known non-government international organisation with well spread membership of more than 450 firms covering all US refiners and petrochemical manufacturers, as well as major companies of other countries. IndianOil is also a member of NPRA.
  • IndianOil’s Director (Refineries) nominated
    New Delhi   25-Jan-2008
    • IndianOil Director (Refineries) B N Bankapur has been selected to the prestigious Manufacturing Committee of National Petrochemicals and Refiners Association (NPRA), USA as its member.
  • IndianOil to keep track of tankers via GPS
    New Delhi   25-Jan-2008
    • In an effort to check pilferage of oil from its oil tankers, IndianOil has embarked on an ambitious project to install ground positioning system (GPS) to track the route taken by its tankers. Highly placed sources in the IndianOil informed The Tribune that the project is now being implemented in all state offices of the company.
  • IndianOil’s Director (R) selected as member by NPRA
    New Delhi   24-Jan-2008
    • Mr. B N Bankapur, Director (Refineries), IndianOil has been selected by the Manufacturing Committee of National Petrochemicals and Refiners Association (NPRA), USA as its member.- NPRA is a well known non government international organization with well spread membership of more than 450 companies covering all US Refiners and Petrochemical manufacturers as well as major companies of other countries. IndianOil is also a member of NPRA. The induction of Mr. Bankapur to this forum is yet another fea
  • IndianOil to set up LPG import facility at Kochi port
    New Delhi   23-Jan-2008
    • IndianOil, to meet the growing demand for domestic LPG, is setting up an LPG import facility at the land allotted to it by Cochin Port Trust. The facility, to be set up at an investment of Rs 170 crore, will be at the 15 acres of land allotted by the Port Trust at Puthuvypeen near here.
  • IndianOil pact with Tll
    New Delhi   22-Jan-2008
    • National oil major, IndianOil has entered into a memorandum of understanding with Transparency International India (TII) for implementing an integrity pact programme to enhance transparency in its business transactions, contracts and procurement processes.
  • IndianOil, Oil India joins hands with Algerian co for exploration in Libya
    New Delhi   22-Jan-2008
    • Two petroleum PSUs, IndianOil and Oil India Ltd, have joined hands with Sonatrach, the national oil company of Algeria, for prospecting for oil in a Libyan onshore block, it is learnt. The Algerian company will own 50 per cent interest, while the rest will be equally held by the two Indian companies, sources say.
  • Rahane architect of IndianOil’s title wins
    Mumbai   18-Jan-2008
    • IndianOil were the most consistent and most deserving, so it was no wonder when they overpowered Bharat Sanchar Nigam by 32 runs to bag the Air India Cup, the symbol of supremacy in the All India Public Sector cricket tournament, hosted by Air India at Police Gymkhana ground, Marine lines, on Thursday.
  • IndianOil plans Rs 2,000-crore paraxyline plant
    New Delhi   18-Jan-2008
    • IndianOil will set up a Rs 2,000-crore paraxyline plant near its Gujarat refinery. “The IndianOil board has approved setting up the plant to meet growing demands for petrochemical products,” the refinery’s executive director U K Basu said. The refinery is also setting up a Rs 5,700-crore project to boost production of LPG and high speed diesel.
  • IndianOil CMD in Auto Expo
    New Delhi   17-Jan-2008
    • Sarthak Behuria, chairman, IndianOil, at the Auto Expo at Pragati Maidan in the capital on Monday. IndianOil is Investing Rs 5,300 crore to improve the quality of diesel to make it more eco-friendly.
  • IndianOil awarded retailer of the year
    New Delhi   17-Jan-2008
    • IndianOil, the flagship corporate of the Indian Nation and India's highest-ranking commercial enterprise in the Global Fortune 500 listing, has been presented the 'Most Admired Retailer of the Year' Award in the category of Rural Retailing by the India Retail Forum (IRF), which is one of the most substantive intellectual and information exchange platforms for retail business in the Indian sub-continent.
  • No scarcity of LPG cylinders: IndianOil
    Guwahati   15-Jan-2008
    • The IndianOil (Assam Oil Division) has requested the LPG Consumers not to go for pain buying and to wait for regular home delivery instead of queuing up in front of the distributors.
  • Kwality kiosks at IndianOil stations
    New Delhi   16-Jan-2008
    • IndianOil and Hindustan Unilever Ltd (HUL) had signed a MoU for setting tip Kwality Walls kiosks at select IndianOil petrol stations across the country.
  • IndianOil set to gain from fuel price hike in Lanka
    New Delhi   15-Jan-2008
    • Monday's hike in the administered prices of petrol and diesel in Sri Lanka is bad news for the already overburdened consumer, but good news for the cash-strapped petroleum companies, including the Indian-owned Lanka IndianOil.
  • IndianOil may get Rs 195 cr from Nepal soon
    Kolkata   14-Jan-2008
    • IndianOil, the sole supplier of hydrocarbon to Nepal Oil Corporation (NOG), is likely to receive Rs 195 crore from Nepal soon as a pan payment against its receivables of over Rs 300 crore from NOC.
  • IndianOil, OIL to tie up for overseas exploration
    Mumbai   12-Jan-2008
    • State-owned oil and gas majors, Oil India Limited (OIL) and IndianOil, are tying up to float a new joint venture company for investing in exploration and production projects abroad.
  • IndianOil Western Region pipeline ushers in New Year with gaiety
    Ahmedabad   11-Jan-2008
    • The employees of IndianOil's Western Region Pipeline, Gauridad, ushered in the New Year 2008, wherein K G Gupta, Executive Director (Western Region Pipeline), inaugurated a web based e-library, a software for library management for enabling employees to access and download books available in WRPL library at Gauridad from anywhere in IndianOil through its Intranet.
  • IndianOil plans record spending on petrol pumps
    New Delhi   11-Jan-2008
    • India's biggest refiner, IndianOil, will increase spending on petrol pumps and distribution networks by 33% to a record next fiscal year to supply fuel in the world's second fastest growing auto market.
  • YK Modi eyes joint venture with IndianOil for city gas
    New Delhi   11-Jan-2008
    • YK ModiI-Promoted Great Eastern Energy Corporation Ltd is eyeing a joint venture with IndianOil for setting up pipelines for gas distribution for industrial and domestic use in West Bengal. The company also expects to invest Rs 4,000 crore over the next five to seven years in its project.
  • IndianOil-OIL to take 25 pc stakes in Reliance's East Timor block
    New Delhi   10-Jan-2008
    • State-Run firms Indian Oil Corp and Oil India Ltd will together take 25 per cent stake in Reliance Industries Ltd's East Timor oil and gas block. Reliance Industries, which holds 100 per cent stake in the offshore block, is getting the state-run firms to share exploration risk.
  • IndianOil in parleys with foreign companies
    New Delhi   09-Jan-2008
    • The IndianOil on Tuesday said it is in talks with four-five overseas players to bid for some deep-water blocks that are on offer under the seventh auction round of New Exploration licensing Policy.
  • IndianOil ready for hub survey
    Kolkata   06-Jan-2008
    • The IndianOil is ready to start a preliminary feasibility study for the petroleum, chemicals and petrochemicals investment region at Nayachar as soon as the government gives the company a letter identifying the island as its chosen site.
  • IndianOil plans solo run in oil hunt
    New Delhi   07-Jan-2008
    • IndianOil, the nation's biggest refiner, may bid alone for some small oil and gas blocks and is in talks with foreign players for bigger blocks in the seventh round of auction announced by the government.
  • IndianOil needs Rs 9 a litre hike in petrol prices to offset losses
    New Delhi   06-Jan-2008
    • IndianOil will need a petrol price hike of Rs 8-9 per litre to partly offset the under-recovery of Rs 120 crore per day caused by the gap between the controlled retail prices and the high international prices of crude petroleum. IndianOil Chairman Sarthak Behuria, when asked about the ideal price for retail petrol to offset the under-recovery said, "Rs 8-9 is the under-recovery in petrol, so that can be the ideal increase."
  • IndianOil raises prices of branded fuel
    New Delhi   05-Jan-2008
    • Customers of branded fuel - XtraPremium petrol and XtraMile diesel - from the IndianOil stable will now have to pay slightly more. With effect from midnight of January 3, IndianOil has raised the prices of its premium quality petrol by 20 paise per litre and diesel by 10 paise, which are at a minimum level.
  • Soaring crude: IndianOil may sell Rs 2,000-cr bonds
    New Delhi   04-Jan-2008
    • The soaring crude cores may compel IndianOil to sell oil bonds to offset revenue losses incurred due to retailing fuel below the cost price. IndianOil may have to sell bonds worth Rs 2,000 crore this month, IndianOil's Director-Finance, Mr S.V. Narasimhan, said.
  • Kerosene pipeline 300 meters away safe, says IndianOil
    Kolkata   02-Jan-2008
    • Leaping flames from an abandoned Asansol coal mine have endangered villages and an Indian Oil Corporation pipeline only 300 metres away. Firefighters doused the blaze, possibly caused by methane trapped in layers of coal underground, late in the afternoon but the earth continued to belch out thick smoke.
  • IndianOil, Bharat Petroleum & HPCL to pick up 10% in OIL
    New Delhi   03-Jan-2008
    • Public sector oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum will pick up a 10% stake in oil exploration company Oil India Limited (OIL) at the same price as retail investors subscribing to the company's IPO. The shares will be locked in for one year, in accordance with SEBI guidelines for pre-IPO placement.
  • Comfortable profit outlook for IndianOil
    New Delhi   01-Jan-2008
    • But for a huge marketing loss, especially in December, the third quarter might have ended well for IndianOil. According to sources, the gross refining margin stands at approximately $9.5 a barrel during October-December period.
  • IndianOil reels under daily losses of Rs 148 crore
    Kolkata   29-Dec-2007
    • IndianOil is suffering daily losses of Rs 148 crore on account of under recovery from its main product lines petrol diesel LPG and kerosene. The country's largest oil marketing company has said it may have to review its capital expenditure plan, in case the government dithers on price revision.
  • IndianOil may review capex plan
    Guwahati   29-Dec-2007
    • Public sector Indian Oil Corporation today said it may have to review its capital expenditure plan if fuel prices are not revised quickly.
  • Oil majors to buy into RIL's East Timor block
    New Delhi   01-Jan-2008
    • IndianOil and Oil India Ltd (OIL) plan to pick up 12.5 per cent equity in Mukesh Ambani-promoted Reliance Industries Ltd’s oil and gas block in East Timor.
  • LIOC pact
    New Delhi   30-Dec-2007
    • Sri Lankan arm of the IndianOil has entered into an agreement with the financial services group the Lanka ORIX Leasing Co (LOLC) under which the latter will open service centres at LIOC's filling stations.
  • IndianOil to review capex plan if fuel prices not revised
    New Delhi   29-Dec-2007
    • Public sector IndianOil on Friday said it might have to review its capital expenditure plan if fuel prices are not revised quickly. IOC is incurring a loss of Rs 148 crore per day due to under-recoveries in prices of petrol, diesel, IK} and kerosene. If prices are not revised, the capital expenditure plan may get affected and we have to review it," IndianOil chairman and managing director Sarthak Behuria said after the company's first board meeting.
  • IndianOil to decide on explosives business next fiscal
    New Delhi   29-Dec-2007
    • IndianOil will take a call on the fate of its loss-making explosive business in the next fiscal. The business was acquired through merger of IBP in 2007 this year. "Explosives is a non-core activity for IndianOil . We will definitely take a call on this business, in the next fiscal," the IndianOil Chairman, Mr Sarthak Behuria, told newspersons here today. He was in the city in connection with IndianOil board meeting.
  • IndianOil plans cost cut to offset retail losses
    New Delhi   27-Dec-2007
    • IndianOil, the country's largest oil refiner and marketing company, is looking to cut operating costs in order to offset the daily loss of Rs 150 crore due to selling petroleum products at subsidized rates. "We are looking at various options for rationalizing costs, including inventory holding costs," said IndianOil Chairman Sarthak Behuria. He declined to give details on how costs would be rationalized.
  • GAIL, IndianOil, OVL mull tie up with Kuwait Petro
    New Delhi   27-Dec-2007
    • IndianOil and gas majors GAIL, IndianOil are all set to do business with Kuwait Petroleum Corporation (KPC). According to sources close to the development, Kuwait Foreign Petroleum Exploration Company (KUFPEC), the foreign exploration and production wing and a subsidiary of KPC, expressed its interest to jointly participate with IndianOil in the forthcoming NELP VII. Similarly, GAIL and OVL (a wholly-owned subsidiary of ONGC), are also looking at options for a joint participation with KUFPEC in
  • Lanka IndianOil gets new chairman
    New Delhi   26-Dec-2007
    • S Vnarasimhan has taken over as Chairman of Lanka Indian Oil Corporation Ltd (IOC) from Sarthak Behuria who relinquished office recently. A chartered accountant and a management expert by profession, Narasimhan has rich experience of working In the oil sector for over three decades, says a company statement. Narasimhan Joined IndianOil, India In 1975.
  • Govt bonds become a burden for oil firms
    New Delhi   26-Dec-2007
    • The Bonds issued by the government to compensate the public sector oil companies for selling petrol, diesel, LPG and kerosene at subsidized, prices are turning out to be a liability for them.
  • IndianOil - Ratings
    New Delhi   24-Dec-2007
    • IndianOil was formed in 1964 by the merger of Indian Refineries (1958) and Indian Oil Company (1959). IndianOil is India's largest company by sales and controls 10 of India's 19 refineries.
  • IndianOil to venture alone for small on land blocks in seventh round
    New Delhi   24-Dec-2007
    • IndianOil is gearing up to venture out alone in the domestic oil and gas exploration & production (E&P) activities. The company plans to aggressively bid as an operator for the new category of acreages — small blocks put on offer under the seventh New Exploration Licensing Policy (NELP) round.
  • IndianOil mulls petrochemical projects in Oman
    New Delhi   21-Dec-2007
    • State-run petroleum major IndianOil may invest over $5 billion to either set up a gas-based petrochemical complex in Oman or to form a JV with a local company in that country for an existing petrochem complex, according to sources.
  • IndianOil to add 53 LPG stations
    New Delhi   22-Dec-2007
    • IndianOil would add 53 more Automobile LPG Dispensing Station (ALDS) to its already existing 125 ALDS, across the country, before the end of the current fiscal, a top IndianOil official said today.
  • Cantt watch
    Lucknow   20-Dec-2007
    • The'22nd Army IndianOil Coordination meeting was held at Central Command HO. here in Cantonment on Wednesday. Maj Gen JS Sidhu, Major General, General Staff (MGGS), Central Command, who graced the occasion as the chief guest, addressed the Army officers and IndianOil officials.
  • IndianOil adopts aggressive strategy for overseas projects
    New Delhi   20-Dec-2007
    • IndianOil has adopted an aggressive strategy for its overseas projects. The company proposes to club upstream (oil and gas exploration) and downstream (refinery) activities together while exploring business opportunities abroad.
  • IndianOil, Repro top Times Shield prize list
    Mumbai   18-Dec-2007
    • IndianOil and Re-pro India lead the prize-winners list in the 2006-07 Times Cricket Shield. The prize distribution function will be held at the Nehru Centre on Tuesday British deputy high commissioner Vivki Treadell will preside over the function.
  • IndianOil ropes in CaIik Enerji
    New Delhi   19-Dec-2007
    • IndianOil the nation's biggest refiner, is in talks to acquire a fuel retailing company, in Turkey as it expands operations' in the country bordering Europe company in Turkey, a company official ,; "said but’ declined to identify the 'target company.
  • IndianOil sets aside $3 bn for overseas acquisition
    New Delhi   19-Dec-2007
    • IndianOil, the nation's biggest refiner, may spend as much as $3 billion to buy an overseas oil producer to meet rising demand in the world's second-fastest-growing major economy. The target would be a company that owned fields in Africa or countries that were part of the former Soviet Union, B M Bansal, and director for business development, IndianOil, said in an interview in New Delhi yesterday. The acquisition would be made jointly with Oil India, a state-run explorer, he said.
  • IndianOil-OIL win 3 oil blocks in Libya
    New Delhi   15-Dec-2007
    • The IndianOil-OIL India combine has won three onshore oil blocks in Libya, adding to the two blocks the consortium already had in the nation1 that holds Africa's largest oil reserves. IndianOil-OIL teamed up with Sonatrach of Algeria to win blocks 1, 2 and 3 in contract area 95/96 in the Ghadarnes Basin, industry sources said.
  • Ceyhan refinery: Turkish authority grants licence to IndianOil
    New Delhi   15-Dec-2007
    • The uncertainty over IndianOil's proposed 15-million-tonne greenfield refinery in Turkey seems to be over. According to sources, the Energy Market Regulatory Authority of Turkey has finally granted licence to IndianOil-Calik Holding joint venture last week for setting up the refinery at the port city of Ceyhan. IndianOil-Calik along with two other consortiums was previously offered provisional licence for setting up the $4.9-billion refinery.
  • IndianOil supplies air force with an automated refueled
    New Delhi   14-Dec-2007
    • Flagship refiner-marketer IndianOil Corporation has set up an automated refueling system that can tank up or empty out at a time three fuel-guzzling aircraft such as Russian transporter IL-76 being used by the Indian Air Force. The new facility has been set up at the Agra air force station and is the first such system in the air force.
  • SAIL, IndianOil win excellence award
    New Delhi   13-Dec-2007
    • Steel Authority of India (SAIL) has bagged the Gold Trophy of "SCOPE Award for Excellence and Outstanding Contribution to the Public Sector Management — Institutional Category" for the year 2006-07.
  • Punj Lloyd bags Rs 590-cr IndianOil order
    New Delhi   13-Dec-2007
    • Punj Lloyd Ltd has bagged a Rs 590-crore contract for building facilities associated with IndianOil Corporation's Residue Upgradation project 'at its Vadodara Refinery in Gujarat.
  • Egypt in talks with IndianOil for $9 bn refinery
    Mumbai   12-Dec-2007
    • Egypt is in talks with India's top state-run refiner IndianOil to jointly build a $9 billion refinery and petrochemical complex in the North African nation, its Oil Minister told Reuters on Tuesday.
  • Ramesh crowned king in Commonwealth chess
    Mumbai   11-Dec-2007
    • Grandmaster RB Ramesh won the Parsvnath Commonwealth Chess championship here on Monday. GM Surya Shekhar Ganguly had to be content with the second spot while the third place went to the new GM Abhijeet Gupta. Despite his splendid performance against International Master K Rathnakaran, Ganguly had to be content with the second spot due to an inferior tiebreak.
  • IndianOil stock climbs 4.47%, on bonus issue
    Kolkata   11-Dec-2007
    • IndianOil stock climbed 4.47% to Rs 617.05 on reports that the government has asked the Navratna Oil Company to consider a bonus issue in the immediate future. According to department of public enterprises (DPE) guidelines, public sector enterprises having reserves in excess of three times their paid-up capital should immediately consider issuance of bonus shares to shareholders.
  • RIL, Tata, IndianOil keen to run Bihar sugar mills
    New Delhi   09-Dec-2007
    • Corporate giants Reliance Industries, United Spirits, Tata Chemicals and state-run IndianOil are among the 35 companies that have evinced preliminary interest in taking over sick sugar mills in Bihar. These companies today took part in a pre-bid meeting organised here by the state government for giving 15 closed sugar mills it owns on lease to public or private players.
  • IndianOil may go for $9-b refinery JV in Egypt
    New Delhi   10-Dec-2007
    • IndianOil is embarking on an Egyptian safari. The company is planning a joint venture with Egyptian General Petroleum Corporation (EGPC) for building a refinery in the oil-rich country. As a bonus, IndianOil would get preferential treatment in allotment of oil and gas assets in that country. It is learnt from Egyptian officials that the proposed project could be the $9-billion refinery-cum-petro-chemical complex near Gamasa or Port Said.
  • IndianOil will set up bio-diesel oil refinery
    New Delhi   08-Dec-2007
    • IndianOil on Friday announced to set up a bio-diesel oil refinery in Orissa. Mr B.B. Choudhury, IndianOil, eastern zone chief, announced this at the Bankers' Committee meeting on rising of energy plantation and bio-diesel production here.
  • IndianOil nets Rs 111-cr savings IBP merger
    New Delhi   06-Dec-2007
    • The merger of IBP brings home an annual savings of Rs 111 crore in operations cost of the merged petroleum retailing business of IndianOil , beginning this year. However, beginning August 2007, IndianOil brought the entire petroleum retail business under its marketing division. IBP division is managing only the explosives and cryogenics business.
  • IndianOil may lead oilcos' Canadian oil sands foray
    New Delhi   04-Dec-2007
    • IndianOil companies are now eyeing Canada. Persisting with their policy of acquiring oil & gas assets abroad, domestic oilcos are now planning to form a consortium to jointly explore Canadian oil sands representing one-third of the known oil reserves in the world.
  • IndianOil to buy 5% of OIL from Centre
    New Delhi   03-Dec-2007
    • IndianOil said on Friday that it has received the board approval for acquiring a five per cent stake in Oil India Ltd (OIL) from, the government.
  • IndianOil in Shastri hockey final
    New Delhi   03-Dec-2007
    • Punjab National Bank pipped Indian Oil 1-0 to book a berth in the final of the 18th Lai Bahadur Shastri Hockey Tournament for men in New Delhi on Saturday Bikas Toppo scored a field goal in the 47th minute to script PNB's victory. On Sunday, Namdhari XI will take on Bharat Petroleum in the second semi-final.
  • IndianOil gets board nod to acquire 5% stake in OIL
    New Delhi   01-Dec-2007
    • State-run IndianOil on Friday said that it has received the board approval for acquiring a 5% stake in Oil India Ltd (OIL) from the government. In a filing to the Bombay Stock Exchange (BSE), IOC said it would acquire 1,07,00,220 equity shares totaling to 5% of OIL's paid up capital at a price equivalent to its initial public offer's (IPO) issue price. The IPO of OIL is slated for the first quarterof2008.
  • NHRD Network 11th National Conference in Kolkata
    New Delhi   30-Nov-2007
    • Awaiting Govt response: (From Left) Mr Y.C. Deveshwar, Chairman of ITC, Mr Aquil Busrair President National HRD Network, Mr B. Santhanam, Managing Director of Saint-Gobain Glass India, Mr Sarthak Behuria, Chairman of Indian Oil Corporation, and Mr Nandan Nilekani, Co-Chairman, Infosys Technologies, at the inaugural ceremony of "India's century - The challenges for Indian business leadership," a three-day NHRD Network 11th National Conference in Kolkata on Thursday.
  • IndianOil Plans 24X7 eateries
    New Delhi   28-Nov-2007
    • IndianOil plans to open eateries at its petrol-filling stations located near college hostels to grab a share of the late night snacks market."Hostel students, who normally study for long hours, crave for a late night snack and don't get a good eating place to go to. It is this space that we are eyeing," IndianOil director (business development) BM Bansal told MailL Today.
  • IndianOil shock SC Railway
    Patna   28-Nov-2007
    • IndianOil started their campaign in style by notching up a convincing 4-0 win over South Central Railway in the inaugural match of the 18th Lai Bahadur Shastri hockey tournament here on Tuesday In other league ties of the day, Bharat Petroleum and Army XI played out a 4-4 draw, Indian Airlines held Punjab National Bank 1-1. In the last match of the day, Air India beat a fighting Namdhari XI3-2. Joga Singh scored twice while Girish Pimpale scored once for Air India while Karanjit Singh scored a b
  • IndianOil’s Haldia expansion plan on despite land crunch
    New Delhi   30-Nov-2007
    • IndianOil is trying to fit the expansion of the Haldia refinery within the plants 500-acre property near the port town. It has managed to secure only 82 acres of the extra 210 acres, which it had sought to acquire.
  • IndianOil to pump Rs 5,000 cr into Haldia
    New Delhi   30-Nov-2007
    • State-owned Indian Oil Corp. Ltd will pump in Rs 5,000 crore to ramp up capacity of its Haldia Refinery for which most of the land has been acquired. "IndianOil will invest Rs 5,000 crore to increase the capacity of Haldia Refinery from the present 5 million tonnes (mt) to 7.5mt," company chairman S. Behuria said on Thursday.
  • IndianOil 'Servo Swarangal’ begins
    Chennai   24-Nov-2007
    • The IndianOil eight-day festival of music 'Servo Swarangal' was launched here on Friday. Speaking at the inaugural function, K.K. Acharya, Managing Director, Chennai Petroleum Corporation Limited, said IndianOil was a leader among public sector companies when it came to supporting culture and heritage.
  • Vigilance Awareness Week-2007 observed at Gujarat Refinery
    Ahmedabad   23-Nov-2007
    • The Vigilance Awareness Week 2007 was observed at Gujarat Refinery from 12th to 16th November. The week started with Pledge taking ceremony, awareness campaign at PDIL, Marketing Installation JRI, meeting with contractors and vendors and meeting with senior officials of Gujarat Refinery and Pipelines Division.
  • Wary of crude's $100 fling, IndianOil readies to step up hedging
    New Delhi   22-Nov-2007
    • SV Narasimhan is a worried man. Being the director (finance) of India's largest refining company IndianOil is not an easy job at the best of times. His company's crude oil import bill last year was close to Rs 90,000 crore, and with the commodity now about to cross the $ 100 per barrel-mark, the bill may cross Rs 1,00,000 crore. Apart from the loss IndianOil is making on petro-product sales, Mr Narasimhan's biggest dilemma is what his call should be in the oil futures market.
  • IndianOil reduces inventory to avoid liquidity crunch
    New Delhi   21-Nov-2007
    • IndianOil has decided to reduce its inventory levels from around 14-15 days to 10-11 days to lop off dose to Rs 750 core per day from its inventory cost. This move will help reduce the working capital requirement for the Indian refining and marketing giant. It is aimed at easing the liquidity crunch that has resulted from losses in retail petroleum product sales.
  • Vigilance Awareness Week at IndianOil
    New Delhi   21-Nov-2007
    • IndianOil is eyeing growth through development of its 1 core competencies along with new businesses and am I determined to strengthen itself to face the highly competitive hydrocarbon industry worldwide. Huge investments in existing and new businesses are being made to realize this dream, Sarthak Behuria, Chairman; IndianOil said this while addressing senior officials at the inaugural function of Vigilance Awareness Week at IndianOil's Corporate Office.
  • IndianOil plans to start trading on Nymex, manage risk better
    New Delhi   14-Nov-2007
    • With oil prices hovering around $100 (Rs 3,940) a barrel, India's state-owned companies are increasing their presence in the oil futures trade to hedge the risk on crude oil price fluctuations. While the largest of the three Indian state-owned refining companies, IndianOil, plans to start trading on the New York Mercantile Exchange (Nymex), the other two refiners Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL)—are working out a plan to expand their presence on the dome
  • IndianOil to begin refinery in Orissa next month
    Mumbai   12-Nov-2007
    • After several postponements and changes in the last seven years, IndianOil has informed the Orissa government that it would start construction of its 15 mtpa refinery-cum-petrochemical project at Paradip from next month. "IndianOil Chairman Sarthak Behuria has informed the state government that it is set to start construction of the project from December.'"
  • IndianOil, Chhattisgarh to set up biodiesel JV
    New Delhi   12-Nov-2007
    • After months of talks, state-owned oil major IndianOil plans a joint venture with the Chhattisgarh Renewable Energy Development Authority to raise jatropha crop and procure seeds to produce biodiesel in the state. The agreement is expected to be signed on 19 November between Sarthak Behuria, chairman of IndianOil, and Shailendra Kumar Shukla, head of the Raipur-based authority.
  • Fuelling High Ambition
    New Delhi   08-Nov-2007
    • IT is India’s single largest enterprise at Rs 1,59,984 crore ($36.6 billion). It is also the world’s 18th largest oil company and ranks 170 in the Fortune 500 listing. The next Indian company on the same list is Reliance Industries at 417. But, all this is nothing new for Indian Oil Corporation (IOC), which straddles the entire petroleum value-chain, be it exploration, refining, marketing, pipelines, petrochemicals, gas or global operations.
  • IndianOil wins 'Enertia Award 2007'
    Mumbai   07-Nov-2007
    • IndianOil was awarded the Enertia Award 2007 for Business Excellence and Financial Engineering for being “India’s largest Public Sector Undertaking. In a glittering ceremony held recently at YB Chavan Auditorium, Executive Director (Finance), Gautam Dutta, received the prestigious award on behalf of IndianOil for achieving a stupendous growth in the annual turnover from Rs-1,65,000 crore in 2005-06 to Rs.2,03,000 crates in 2006-07 making it India's largest company. The award was also (or the cor
  • IndianOil to increase crude import
    New Delhi   08-Nov-2007
    • State-run IndianOil plans to increase annual term crude oil imports from Nigeria by 50 per cent to three million tones and is seeking petrochemical and refinery ventures in the African nation and its neighboring countries. Nigeria has agreed to supply at the rate of 60,000 barrels of oil per day during December to February and will renew it thereafter, a company official said.
  • Mauritius invites IndianOil to take up LPG distribution
    New Delhi   08-Nov-2007
    • Mauritius has invited state-owned downstream oil major IndianOil to develop and engage itself in the liquefied petroleum gas marketing and distribution n the island-country. This emerged at a meeting here today between the Petroleum Minister, Mr Murli Deora, and Mr Rajeshwar Jeetah, Minister of Industry, Small & Medium Enterprises, Commerce & Cooperatives of Mauritius, on the occasion of the first India African Hydrocarbon Conference organised by the Ministry of Petroleum & Natural Gas, the Gov
  • IndianOil in talks for stake buys in Africa
    New Delhi   08-Nov-2007
    • IndianOil the country's largest crude oil refiner and marketer of petroleum products, is in talks with various African countries for buying stake in discovered oil and gas blocks. The Fortune 500 Company is also keen on buying into existing refineries and helping in their up gradation and maintenance.
  • IndianOil: Refining profits
    New Delhi   07-Nov-2007
    • Improved performance of its refinery division, subsidy sharing help the oil major tide over under-recoveries.IndianOil, unlike other oil marketing companies, was able to offset its under-recoveries on the sale of petroleum products in the September 2007 quarter via an improved performance of its refinery division.
  • Dabur in rural retail pact with IndianOil
    New Delhi   06-Nov-2007
    • Homegrown FMCG major Dabur has entered into an agreement with IndianOil to service rural market demand for consumer goods through the latter's chain of Kisan Seva Kendra (KSK). Under the agreement, IndianOil's over 1,600 KSK across the country would stock and sell Dabur's range of healthcare, oral care, personal wash, skin care and home care products, the company said.
  • IndianOil to initiate Paradip Port Complex work
    New Delhi   06-Nov-2007
    • Blue chip public sector oil major IndianOil will begin construction work on its 15-million-tonne refinery-cum-petrochemicals project at Paradip next month, according to IndianOil chairman Sarthak Behuria. Mr Behuria, who met chief minister Naveen Patnaik here on Monday, said that the Rs 26,000-crore project would be commissioned in 2010-11.
  • IndianOil to sell GEE CBM
    Kolkata   31-Oct-2007
    • Great Eastern Energy Corporation Limited (GEECL), which had set up India's first commercial CBM (coal bed methane) station, signed an agreement with IndianOil for supply and retailing of CNG (compressed natural gas) through IndianOil outlets in Asansol, Durgapur, Raniganj and other neighboring towns in West Bengal.
  • IndianOil to retail CNG in West Bengal
    New Delhi   01-Nov-2007
    • IndianOil has signed an agreement with Great Eastern Energy Corporation Ltd. (GEECL) for supply and retailing of CNG through IndianOil Petrol Stations in Asansol, Durgapur, Raniganj and other nearby cities of West Bengal.
  • Great Eastern Energy ties up with IndianOil
    New Delhi   01-Nov-2007
    • Great Eastern Energy Corporation Ltd (GEECL), a Y K Modi group company, on Tuesday entered into an agreement with IndianOil for marketing CNG through IndianOil retail outlets in Asansol-Durgapur region in Burdwan district of West Bengal. GEECL is an upstream energy company listed in the AIM segments of London Stock Exchange and is producing coal bed methane (CBM) on commercial scale from the Ranigunj block in the State.
  • IndianOil seeks increase in petrol, diesel, LPG &amp; kerosene prices
    New Delhi   31-Oct-2007
    • IndianOil on Tuesday sought an increase in the prices of petrol, diesel domestic LPG and PDS kerosene as spiraling global oil prices had put enormous burden and may result in a revenue loss of over Rs 8,500 crore this fiscal. The government had taken a decision of sharing the burden of rising international oil prices equally between the oil companies, government and the consumer.
  • Bonds, better margins seen pushing IndianOil net up in Q2
    Mumbai   30-Oct-2007
    • The country's crude oil basket may have touched a historic high of $84.78 a barrel, but IndianOil is still expected to declare a profit today with the government issuing a letter promising it oil bonds of about Rs 6,360 crore for the first half of this fiscal.The company has also recorded good refining margins at an average of $8.5 a barrel for the half year.
  • Coir Board ties up with IndianOil
    New Delhi   31-Oct-2007
    • The Coir Board is joining hands with IndianOil for promoting and marketing coir products through the letter's outlets. The Coir Board as par has drawn up the scheme to fast rategy to develop the domestic market for coir. Coir products will be sold from select IndianOil outlets in Kerala to begin with. It will be extended to over parts of die country in a phased manner. Customers will also be able to place orders at the IndianOil outlets.
  • IndianOil in Surjit hockey semis
    New Delhi   30-Oct-2007
    • IndianOil beat Punjab Police 4-1 in a Pool C game of the Surjit Hockey Tournament here to enter the semis. RCF (Kapurthala) and PSEB (Patiala) drew 2-2. In the junior category, PSB Academy beat Chandigarh Hockey Academy 1-0. PT1, Jalandhar
  • IndianOil whip SAI
    New Delhi   29-Oct-2007
    • The experienced IndianOil hockey team trounced Sports Authority of India (SAI), Delhi, 7-1 in a league match of the 24th IndianOil Surjit Hockey Tournament here today. All matches today were held during the day since the floodlights developed a technical fault yesterday.
  • IndianOil - OIL scout for local partner to bid in Libya
    New Delhi   27-Oct-2007
    • The consortium of State-owned IndianOil and Oil India Ltd (OIL) are scouting for a local partner to bid in the latest gas exploration auction round of Libya. The consortium that has qualified as financial investors needs a partner, who has qualified as an 'operator', in order to participate in the bidding round. The two State-owned companies are in talks with local companies.
  • IndianOil to Sponsor India-Pakistan Series
    New Delhi   24-Oct-2007
    • The high octane India- Pakistan ODI series will be title sponsored by India s largest energy major, Indian Oil Commenting on IndianOil's sponsorship, Mr GC Daga, IndiaOils Director Marketing said high profile India-Pakistan ODI series is reiteration of our close association with cricket for our frontline brands It is a means to connect to over a billion Indians who repeatedly voted with their hearts to make IndianOil the Most Trusted Brand1 by experiencing our brands in one form or the other To
  • IndianOil wins by an innings
    Mumbai   22-Oct-2007
    • There are various traits, which differentiate champion sides from the rest and the also-rans. But the most evident of all is the body language and the attitude they display.
  • Technical Seminar by Rolls Royce, UK at Indian Oil, Gauridad
    Ahmedabad   19-Oct-2007
    • A three-day 'Maintenance Workshop & Technical seminar on Alien Engine Maintenance' was organized by Western Region Pipelines, Gauridad from 10th to 12th October 2007, along with the experts from Ws Rolls-Royce, the manufacturer of Alien engines. K G Gupta, Executive Director (Western Region), inaugurated the seminar at the training center at Western Region Pipelines, Gauridad, P Bhattacharya DGM (Maintenance), Anish Aggarwal, DGM (Technical), J Pradhan, DGM (HR), R Agarwal, D
  • Excellent, again
    New Delhi   18-Oct-2007
    • Indian Oil widely acknowledged for its benevolent contribution in the nation's energy security and environment protection has now won the prestigious Infraline Energy Excellence Award. Sushil Kumar Shinde, Minister of Power presented the award to IndianOil Director BS Bankapur.
  • Technical Seminar by Rolls Royce, UK at IndianOil, Gauridad
    Mumbai   17-Oct-2007
    • A three-day 'Maintenance Workshop & Technical seminar on Allen Engine Maintenance' was organized by Western Region Pipelines, Gauridad from 10th to 12th October 2007 along with (he experts from M/s Rolls-Royce, the manufacturer of Allen engines. The importance of the seminar assumes from the fact that more than 70 Allen make engines with capacities varying1 from 2000 BHP to 3500 BHP are in operation in IndianOil (Pipelines Division) at different locations across the country as prime mover of pu
  • IndianOil bags excellence award
    New Delhi   17-Oct-2007
    • IndianOil has won the Infraline Energy Excellence Award for its valuable contribution in ensuring the nation's energy security and contributing immensely to community development and environment protection.
  • IndianOil plans to ramp up non-oil retail business
    Kolkata   12-Oct-2007
    • IndianOil, the country's largest oil marketing company (OMC), has, decided to step up its presence in the non-oil retail business. The company is slated to add another 1,000-odd rural marketing outlets or 'Kisan Seva Kendras' across the country by March 2008. It has a 1,400-strong network of rural outlets across the country.
  • IndianOil signs pact with Pragati Power
    Mumbai   10-Oct-2007
    • IndianOil has signed an agreement with Pragati Power Corporation Limited {PPCL) here for the supply of Re-gassified Liquefied Natural Gas (R-LNG) for its 1,500 MW power plant being set up at Bawana, Delhi. The agreement was ' signed by B.M.Bansal, Director (Planning & Business Development), -, IndianOil, and Vipin Kumar, Director (Technical), PPCL, in the presence of Sheila Dikshit, Chief Minister of Delhi; Dr. A.K.Walia, Minister for Power, Government of Delhi; R. Narayanaswami, Chief Secretar
  • Cabinet to decide on petrol prices next week
    Ahemdabad   09-Oct-2007
    • The Union' Cabinet meeting next week is likely to take a decision on various options to bail out loss making oil firms, a top petroleum ministry official said on Saturday Responding to a query on remarks by IndianOil chairman Sartak Behuria that the corporation was losing up to Rs 100 crore a day on selling fuel below cost, petroleum secretary M S Srinivasan said price revision was not the only option to compensate the losses.
  • IndianOil inks MoU for money transfer service
    New Delhi   09-Oct-2007
    • State-run Indian Oil Corporation has signed a memorandum of understanding (MoU) with the UAE Exchange and Financial Service Ltd to offer Money gram International money transfer service. This is a key strategic alliance as it supports Money Gram's network expansion plans in India and also enables Indian Oil to enrich its service to its customers, a press release issued by Money Gram said here on Monday.
  • BRPL gets best refinery award in steam-leak category while IndianOil's Panipat Refinery wins the 3rd prize
    Guwahati   06-Oct-2007
    • Bongaigaon Refinery and Petrochemicals Ltd. (BRPL) was declared the best refinery in the area of steam leaks during 2006-07 based on the survey carried out by the Centre for High Technology {CHT) at the initiative of the Ministry of Petroleum and Natural Gas. BRPL won the first prize in the area of steam leaks after a survey of 17 refineries was done by CHT. The second prize was won by RIL, Jamnagar while IndianOil's Panipat refinery was awarded the third prize.
  • HR chiefs to brainstorm on talent crunch
    New Delhi   02-Oct-2007
    • Top executives from major oil companies, both in the public and private sectors, will put their heads together at a conclave to figure out ways to attract, nurture and retain young talent who are increasingly opting for the cleaner environs of sectors such as IT, than the dirt and grime of oil industry. For the HR chiefs of state-owned firms, attracting and retaining talent against competition' from the private sector, will top the agenda.
  • IndianOil raises Rs 3,264 crore
    New Delhi   02-Oct-2007
    • State-run refiner IndianOil plans to raise Rs 3,264 crore through has all of oil bonds that started on Monday, a banker associated with the issue said. The sale will conclude on Wednesday, the banker added. These bonds were issued by the federal government to IndianOil to compensate for subsidizing retail fuel prices.
  • Oil industry safety awards for 5 cos
    New Delhi   01-Oct-2007
    • Recognizing the efforts of the oil and gas industry in enhancing safety performance, the 'Oil Industry Safety Awards 2006-07' were presented to five oil companies here.
  • IndianOil men, OIL India women emerge champions
    New Delhi   29-Sep-2007
    • IndianOil retained the men’s title defeating OIL India in the team competition of the PSCB inter-unit table tennis tournament at the JJ indoor stadium here on Thursday. In the final, which saw touches of National champion A. Sharath Kamal’s brilliance, IndianOil recorded a 3-1 win. Former National Subhajit Saha provided stiff resistance and took the contest to fifth game.
  • Hindi Divas observed at Guwahati Refinery
    Guwahati   28-Sep-2007
    • To enhance the usage of Hindi as official language as part of Rajbhasa implementation, Hindi Divas was observed at Guwahati Refinery with a week long programme from September 14 to 21 at 'the Training Center of the Refinery premise.
  • Double Jackpot
    New Delhi   27-Sep-2007
    • IndianOil has won two prestigious Awards for its Energy Conservation efforts from the Center for High Technology (CHT) under the Ministry of Petroleum and Natural Gas. Murli Deora, Union Minister of Petroleum & Natural Gas presented the awards to IndianOil director (Refineries) BN Bankapur at the CHT Refinery Technology Meet at Trivandrum. IndianOil's Mathura Refinery bagged the coveted Jawaharlal Nehru Centenary Award for energy conservation for the year 2006-07.
  • IndianOil to focus on rural areas for retail outlets
    Mumbai   27-Sep-2007
    • IndianOil - the country’s largest oil marketer - is planning to set up the bulk of its 1,600 new retail outlets planned during 2007-08 in rural areas.These outlets would have Kisan Seva Kendras (KSKs) or farmer service centres attached to them to sell various products and services to rural customers.“At least 1,000 rural outlets with KSKs would be set up during the year,” said IndianOil's marketing director GC Daga.
  • Top stars for Petroleum meet
    New Delhi   26-Sep-2007
    • Many National and international stars will be on view when IndianOil conducts the Petroleum Sports Control Board's (PSCB) annual inter-unit table tennis tournament at the JJ Stadium here from September 26 to 30.
  • IndianOil set to enhance refining capacity
    New Delhi   25-Sep-2007
    • IndianOil, the largest public sector petroleum company, plans to invest Rs 43,250 crore over the next five years. It is also set to enhance its refining capacity to 80 million tonnes per annum.Mr Sarthak Behuria, Chairman of IndianOil , addressing shareholders at the AGM on Monday, said that the company's pipelines network is also gearing up to strengthen the competitive advantage it provides to the marketing operations.
  • IndianOil plans Rs 43,250 cr cap ex in next five years
    New Delhi   25-Sep-2007
    • Petroleum major IndianOil is likely to invest Rs 43,250 crore over the next five-year period in its integration and diversification projects, besides refining and pipeline capacity augmentation, product quality upgradation and expansion of marketing infrastructure, S Behuria, chairman, IndianOil said here at the company's annual general meeting (AGM).
  • IndianOil gets energy awards
    New Delhi   24-Sep-2007
    • IndianOil has won two prestigious awards for its energy conservation efforts from the Centre for High Technology (CHT) of the Ministry of Petroleum and Natural Gas.
  • SIAM signs MoU with ministry, IndianOil on hydrogen fuel
    New Delhi   20-Sep-2007
    • The government will examine the feasibility of using a hydrogen-CNG blended fuel in light commercial vehicles (LCVs) as the country seeks to reduce dependence on crude oil imports. The ministry of new and renewable energy. Society of Indian Automobile Manufacturers (SIAM) and IndianOil on Wednesday signed a memorandum of understanding to test and promote the feasibility of hydrogen-CNG blended fuel in LCVs.
  • IndianOil, Dabur to tie up for rural marketing
    New Delhi   19-Sep-2007
    • Public sector oil marketer IndianOil is entering into an exclusive tie-up with New Delhi-based consumer products firm Dabur India Ltd for a rural retail business. The oil firm's 1000-strong chain of retail outlets spread across the country will stock a range of Dabur's Ayurvedic products, including over-the-counter medications and cosmetics.
  • IndianOil eyes Rs 2,000 cr from non-fuel retail
    New Delhi   19-Sep-2007
    • Oil behemoth IndianOil is eyeing an annual turnover of Rs 2,000 crore from non-fuel retail in five years. The company's non-fuel retail turnover is currently a mere Rs 4 crore, out of its total sales of Rs 2 lakh crore.
  • IndianOil plans big retail operations of non-fuels
    Kolkata   17-Sep-2007
    • Indianoil is going the Shell way. The oil marketing company is planning a massive retail operation in non-fuels under a new umbrella brand. In the first phase, the company will cover 2,000 petrol stations, of which 100 will become operational in the next six months.
  • IndianOil plans big retail ops of non-fuels
    New Delhi   15-Sep-2007
    • IndianOil is going the Shell way. The oil marketing company is planning a massive retail operation in non-fuels under a new umbrella brand. In the first phase, the company will cover 2,000 petrol stations, of which 100 will become operational in the next six months.
  • IndianOil, ONGC among top 50 energy firms
    New Delhi   15-Sep-2007
    • Reliance Industries, ONGC and IndianOil are among seven Indian companies that figure in the list of the world's 250 top performing energy firms.Reliance and ONGC rank 23 and 29 respectively in the annual ranking of Platts Top 250 Global Energy. ONGC has also been named as the third best performing energy company in Asia. IndianOil is ranked at 52.
  • Gangtok needs 50,000 Cylinders a month
    New Delhi   13-Sep-2007
    • Practically cut off from the rest of the world over the last fortnight, thanks to nature's wrath, Sikkim is facing an unprecedented shortage of fuel, especially LPG. IndianOil iis going to seek help from the army to airlift LPG stock from Siliguri to Gangtok.
  • IndianOil donation
    Guwahati   12-Sep-2007
    • The IndianOil as a part of its community development programme, donated Rs 10 lakh to the Assam State Branch of the Indian Council for Child Welfare (ICCW) at the Guwahati Refinery campus recently. IndianOil chairman Sarthak Behuria handed over trie cheque to the ICCW president and general secretary Amaiya Chaliha.
  • Co-branded credit card for SMEs
    New Delhi   12-Sep-2007
    • Citibank and IndianOil on Tuesday marked a decade of successful partnership with the launch of a new co-branded 'IndianOil Citi Business' credit card, which would be exclusively targeted at the small and medium businesses and professionals in the country.
  • IndianOil to limit petrol pumps
    New Delhi   12-Sep-2007
    • IndianOil has put brakes on its plans to set up petrol stations even as it follows the footsteps of Reliance and Bharti for a full-fledged foray into retail. "In past three years, IndianOil and other public sector oil marketing firms had set up large number of petrol pumps, the growth being 85 per cent.
  • IndianOil plans to increase non-fuel revenues
    Mumbai   07-Sep-2007
    • IndianOil has decided to increase its presence in non-fuel areas as selling petrol and diesel is no longer a profitable proposition, a top company official said. Speaking at the India Retail Forum here today, G C Daga, Director.
  • Slick show by IndianOil
    New Delhi   04-Sep-2007
    • Railways were bowled out for 99 in 33.2 over against IndianOil on the second day of the 77th All India Moinud-Dowla Gold Cup invitation cricket tournament at Railway Grounds here on Monday.
  • Indian Oil plans to sell bonds worth Rs 2,000 cr in October
    New Delhi   04-Sep-2007
    • IndianOil plans to sell between Rs 1,500 crore and Rs 2,000 crore worth oil bonds in October. The IndianOil 's Director Finance, Mr S.V. Narasimhan, said, "This month, we have no plans to sell any bonds. But in October, we plan to sell Rs 1,500-2,000 crore oil bonds."
  • ICICI Lombard bags IndianOil account
    Mumbai   30-Aug-2007
    • Continuing its aggressive expansionary movement, the largest domestic private sector general insurer, ICICI Lombard General Insurance has bagged Indian Oil's (a Fortune 500 company) insurance account for 2007-08. In a tough battle among the general insurance companies including the four general insurers, ICICI Lombard General Insurance was selected for its lowest-premium offer.
  • IndianOil plot project to deliver LNG at doorstep
    New Delhi   29-Aug-2007
    • IndianOil has commissioned pilot projects offering 'LNG at the doorstep' for use in captive power and industrial furnace applications. Liquefied natural gas (LNG), a cryogenic liquid fuel with high energy density, is the purest form of natural gas. The idea from IndianOil has been introduced with technology support from Chart Industries Inc, USA. It offers LNG to customers located away from natural gas pipelines at their doorstep, the company said.
  • IndianOil set to rope in Petronet for Ennore LNG project
    New Delhi   29-Aug-2007
    • IndianOil is set to bring in Petronet LNG Ltd (PLL) as partner for its proposed liquefied natural gas (LNG) import and re-gasification terminal at Ennore, Tamil Nadu. The company's board, which met on Monday, gave its nod to the proposal. Sources told Business Line that armed with the board's approval the company will now work out details of a memorandum of understanding (MoU).
  • IndianOil may buy overseas exploration company
    Mumbai   25-Aug-2007
    • IndianOil, the country's largest crude oil refiner and marketer of petroleum products, is looking to buy an overseas exploration company, with proven oil reserves, to feed its growing refinery capacity.
  • IndianOil to invest Rs. 1500 crore in expansion of crude & POL pipelines network
    New Delhi   26-Aug-2007
    • After having unveiled its plans to enter the city gas distribution projects in joint venture and also foray into non-core retail sector across the country, IndianOil has drawn up elaborate plans to pump in about Rs. 1,480 crore for expansion of its present network of pipelines carrying crude oil and petroleum products.
  • IndianOil seeks 30,000 hectares in Madhya Pradesh for jatropha
    New Delhi   27-Aug-2007
    • IndianOil has applied for 30,000 ha of non-forest wasteland in Madhya Pradesh for jatropha plantation and is also in the process of identifying land in neighbouring Chhattisgarh. " IndianOil is in the process of identifying suitable land dusters for developing jatropha plantation in Madhya Pradesh and Chhattisgarh," Minister of State for Petroleum and Natural Gas Dinsha Patel infonned the Lok Sabha in a written reply.
  • ENI, Kazakh firms possible partners for IndianOil Turkey unit
    New Delhi   23-Aug-2007
    • Indian state-run oil refiner IndianOil said on Wednesday that KazMunay Gas of Kazakhstan and Italy's ENI might be roped in as new equity partners for a proposed 3,00,000 bpd refinery in Turkey. In late May Turkey's energy watchdog approved a proposal by IndianOil and local firm Calik Energy to build the export-oriented refinery with a capacity of 3,00,000 barrels per day at the port city of Ceyhan.
  • IndianOil donates Ambulance to Aarey Bhaskar
    Mumbai   17-Aug-2007
    • IndianOil has privilege of presenting a cheque of Rs.5.02 lacs to an NGO called "Aarey Bhaskar" for buying a full-fledged ambulance. This cheque was handed over by Bapu Surve, President & Ramesh Dahanukar, and General Secretary of National Association of IndianOil Employees, to Gajanan Kirtikar, Honble Member. of Legislative Assembly and Chairman of "Aarey Bhaskar".
  • Assam Oil to celebrate silver jubilee
    Guwahati   17-Aug-2007
    • The Assam Oil Division of IndianOil has chalked out a two-day programme to celebrate the silver jubilee of commencement of LPG marketing operations in the North East.
  • Paradip project: IndianOil may start tendering process soon
    New Delhi   17-Aug-2007
    • IndianOil may start tendering the key process packages for the proposed 15-million-tonne Paradip refinery-cum-petro-chemical complex in December 2007 or January 2008. The projects are, however, likely to be awarded early in the next fiscal once the IndianOil board approves final investment in the project, expectedly in March 2008.
  • IndianOil seeks shipping alliances
    New Delhi   17-Aug-2007
    • Flagship refiner-marketer IndianOil Corporation is revamping its shipping architecture as part of its strategy to increase security of oil movement, freight optimization, control over supply chain and reduce outgo on ocean freight which makes up the single-largest cost element after crude.
  • IndianOil launches new scheme
    New Delhi   13-Aug-2007
    • To woo more customers, the IndianOil has bunched a special monsoon scheme in selected stations today, a company release said.
  • Turkey refinery: IndianOil may tie up with KMG, ENI
    New Delhi   11-Aug-2007
    • IndianOil may rope in KazMunayGas (KMG) of Kazakhstan and ENI of Italy as equity partners) in the proposed 15-million-tonne (mt) refinery in Turkey. According to preliminary estimates, the project will cost $4.9 billion or approximately Rs 20,000 crore.
  • IndianOil: Slick affair
    New Delhi   07-Aug-2007
    • Rising gross refining margins save the day for oil major IndianOil, like other marketing companies, was able to report an improved performance on a y-o-y basis in the June 2007 quarter, thanks to surging gross refining margins (GRMs). As a result, operating profit was Rs 1419 crore in Ql FY08 compared with an operating loss of Rs 1288 crore a year earlier, while income from operations expanded 9 per cent y-o-y to Rs 52862 crore in the last quarter.
  • Now, women making a mark in the oil industry
    New Delhi   03-Aug-2007
    • <i>IndianOil Employs 903 Women Executives, The Highest Number For A Public Sector Organisation</i> If you thought oil and women don't mix, at least not beyond the kitchen, you couldn't be more wrong. More and more women are fuelling their career aspirations by joining an industry which till now has been dominated by men and occupying top positions.
  • IndianOil to set up billion-dollar unit in TN
    New Delhi   31-Jul-2007
    • The country's largest oil refining and marketing major-IndianOil said on Monday that it plans to set up a multi-billion dollar export-oriented refinery unit at Ennore in Tamil Nadu.
  • IndianOil net rises 11% to Rs 1,468 cr
    New Delhi   31-Jul-2007
    • Gains from rupee appreciation and good refinery margins helped IndianOil register an 11 per cent rise in net profit for the first quarter of the current fiscal at Rs 1,468 crore against Rs 1,321.82 crore in the same quarter last year.
  • BHEL bags Indian Oil deal
    New Delhi   30-Jul-2007
    • Power equipment maker BHEL has secured a Ss 431-crore contract for setting up a co-generation power plant at Gujarat Refinery Complex of Indian Oil Corporation (IOC).
  • Indian Oil plans foray into bio-crop biz
    New Delhi   30-Jul-2007
    • IndianOil , a major fuel supplier in the country, proposes to get into agri-related activities, particularly bio-crops. IndianOil has taken steps to bring in suitable amendments in its memorandum of association that would enable the company to carry out business in bio-fuels and allied products.
  • IndianOil acquisition vehicle to be in Mauritius
    New Delhi   27-Jul-2007
    • The special entity to be jointly floated by Indian Oil Corporation (IOC) and Oil India Ltd (OIL) for acquiring oil and gas assets overseas is to be set up in Mauritius. The two State-owned companies are expecting to register the special purpose vehicle in next three months.
  • Agreement signed for marketing co-branded lubricants
    Mumbai   27-Jul-2007
    • An agreement was signed between Indian Oil Corporation Ltd and Man Force Trucks Pvt. Ltd., Pune for marketing co-branded' lubricants for all range of Force Man commercial vehicles at Pune.
  • IndianOil, IBP retail merger nearing completion
    New Delhi   27-Jul-2007
    • IndianOil will complete the merger of IBP's petroleum retail business with itself beginning August 1. With this, the IBP division will be left with only explosive and cryogenic vessel manufacturing business. IOC is also planning an immediate investment of Rs 150-200 crore in automating IBP outlets.
  • IndianOil to set up second paraxylene unit
    New Delhi   25-Jul-2007
    • An Rs 6,300 crore naphtha cracker complex is also under construction at the refinery in Haryana. Besides, IndianOil is also planning a around Rs 6,000 crore petrochemical complex at its upcoming 15 mtpa refinery at Paradip in Orissa.
  • Bio-fuels in IndianOil's refining biz
    New Delhi   25-Jul-2007
    • State-run IndianOil is changing its Articles of Association, the regulation that governs a company, to include bio-fuels as part of its oil refining and fuel marketing business. IndianOil has sought its share-holders approval through a postal ballot for amending the Memorandum of Association of the company by inserting a new clause.
  • GAIL, IndianOil firm up ties for city gas projects
    New Delhi   19-Jul-2007
    • GAIL (India) Ltd and IndianOil have firmed up their ties for a second joint venture for city gas distribution (CGD) project.According to sources, although an umbrella agreement between the two entities was inked earlier this year for floating their second joint venture for city gas distribution projects in West Bengal, a formal commitment was reached today.
  • "We'd rather face competition than continue in the current situation"
    New Delhi   17-Jul-2007
    • As international crude oil prices inch closer to the $80 a barrel mark, Indian oil-marketing companies are in an unenviable position. With retail losses mounting, it is time, once again, to start lobbying the ministry of petroleum for permission to hike petrol and diesel prices.
  • IndianOil to issue bonds worth Rs 2,800 cr
    New Delhi   14-Jul-2007
    • The IndianOil Corporation (IOC) today said it will issue oil the petroleum ministry seeking Rs 19,000 core worth of oil bonds to partly Compensate refiners, who are selling fuel below the cost. Currently, the total under-recovery on sale of petrol, diesel, domestic LPG and kerosene is expected to be above Rs 55,000 crore this fiscal, This is to offset this huge under-recoveries that the government is seeking issuance of the bonds.
  • CPCL's net rises on better margins
    New Delhi   13-Jul-2007
    • Thanks to a marked increase in gross refining margins, Chennai Petroleum Corporation has reported a 27 per cent increase in its net profit for the first quarter of the current year compared with the same quarter last year. The refiner's margin increased from $8.76 a barrel for the quarter, compared with $6.64 for the same period last year.
  • IndianOil eyes revenue of $300 billion by 2030
    New Delhi   13-Jul-2007
    • With private companies such as Reliance Petroleum Ltd expanding rapidly, IndianOil is setting far-reaching goals. "We had undertaken our last visioning exercise five years ago where we planned to have a target of $60 billion (Rs2.4 trillion) revenues by 2011-12," said Sarthak Behuria, IndianOil chairman in a recent interview. "We are well on our way to achieve that, but we need to revise our strategy in the context of changed circumstances and have set a new target of $300 bil
  • IndiaOil to seek franchises at 2,000 fuel outlets
    New Delhi   12-Jul-2007
    • Following in the footsteps of global oil marketing companies, IndianOil has decided to enter the retail business at some 2,000 of its 16,455 retail outlets. Each of these retail pumps, on an average, is around 10,000sq. ft in size. IndianOil had engaged retail consultancy Technopak Advisors to draw up a roadmap and has selected around 2,000 outlets to start the project. The consultant made detailed recommendations on what can be stocked at these outlets and the store format suitable at each of t
  • IndianOil advance in Fortune 500
    New Delhi   12-Jul-2007
    • Public sector monolith IndianOil and corporate giant Reliance Industries (RIL) advanced to the 135th and 269th places, respectively, in this year's Fortune Global 500 rankings, which was topped by US retailer Wal-Mart Stores. IndianOil moved up by 18 places to 135 to become the highest-ranked Indian company in terms of sales, while Reliance Industries climbed 75 notches to 269 to become the top-ranked private Indian entity in the list published annually by the CNN-Time Walmer group magazine, For
  • TOI, Radio Mirchi, IindianOil 'Clean Air' campaign ends
    Ahmedabad   10-Jul-2007
    • The three-week-long 'Clean Air' campaign organized jointly by Indian Oil Corporation, The Times of India and Radio Mirchi, concluded on Sunday when the last weekly lucky draw was held. The draw, held at Shree Siddhivinayak Petroleum in Bodakdev area, was attended by senior officials and IndianOil pump owners. IOC general manager, Gujarat state, Sharat Meshram selected the top five winners from among thousands of participating vehicle users of Ahmedabad city.
  • L&T secures Rs 542 cr order from IndianOil
    New Delhi   11-Jul-2007
    • Engineering major Larsen & Toubro (L&T) said it has secured an Rs542 crore order from Indian Oil Corp. Ltd (IOC) for construction related works. At its Panipat refinery. The order is for the Motor Spirit Quality (MSQ) up gradation unit located at IOC's refinery at Panipat in Haryana, its associated utilities and offside facilities to meet Euro IV norms, LST said in a filing to the Bombay Stock Exchange.
  • IndianOil seeks reliance gas for its refineries
    New Delhi   09-Jul-2007
    • IndianOil, the nation's largest oil firm, has sought 11-5 million standard cubic metres per day (mmscmd) of natural gas from Reliance Industries' KG-D6 block for consumption in its refineries. "We have approached RIL for supply of natural gas from the if KG basin find, basically for captive consumption in our own refineries," IOC chairman S. Behuria said in a letter to petroleum secretary M. S. Srinivasan.
  • IndianOil, OIL brace to bid for Devon assets
    Mumbai   07-Jul-2007
    • IndianOil and Oil India Ltd (OIL) are likely to bid for the oil and gas assets sale of the US-based Devon Energy The two Indian companies are examining data relating to Devon's assets in six countries-, in West Africa now.
  • IndianOil to launch drive for Xtra Premium oil
    Patna   28-Jun-2007
    • As part of consumer awareness scheme, aimed at popularising Xtra Premium fuel oil, the IndianOil on Wednesday launched 'Saada Yaa Xtra Premium' campaign at two-dozen petrol pumps falling under the jurisdiction of its divisional office. Launching the scheme at Ritwick's Petro Shoppcc, Saguna More, S K Chaudhary, senior divisional retail sales manager, said the purpose was to create an awareness among consumers on the benefits of Xtra Premium compared to normal petrol.
  • IndianOil may post higher gross refining margin
    New Delhi   28-Jun-2007
    • IndianOil is set to post a higher gross refining margin of over $10 a barrel during the first quarter of this fiscal. The company recorded an average margin of $9 a barrel during the corresponding period last year. While refining margin can only compensate part of the Rs 80-crore marketing loss a 'day of the company, IndianOil is better placed this year compared with the first quarter of the previous year when it was losing at the range of Rs 100 crore a day.
  • IndianOil seeks sweet crude
    New Delhi   12-Jun-2007
    • IndianOil has issued a tender to buy sweet crude for late-July to August loadings, a trader said on Monday.
  • IndianOil in talks to source natural gas from RIL
    New Delhi   14-Jun-2007
    • IndianOil is in talks with Reliance Industries Ltd (RIL) for sourcing 11.57 million metric standard cubic meter (mmscm) of gas from the latter's gas fields in the KG basin, for the captive consumption of its refineries.
  • BHEL bags Rs 430 cr from IndianOil
    New Delhi   14-Jun-2007
    • Bharat Heavy Electrical Ltd (BHEL) on Wednesday said that it had bagged orders worth Rs 430 crore from lndianOil to supply steam generators from IndianOil's Vadodara project.
  • Hindustan Dorr bags Rs 85 crore order
    Kolkata   16-Jun-2007
    • Hindustan Dorr Oliver, owned by IVRCL Group, has bagged order worth Rs 85 crore from IndianOil for the oil major's recycling plant at its refinery in Haldia.
  • IndianOil's single buoy to go on stream in November, 2007
    New Delhi   18-Jun-2007
    • The Single Buoy Mooring (SBM), set up by the IndianOil about 20 km off Paradip coast, will be commissioned in November adding another 15 million tone cargo capacity to the Paradip Port per year. Paradip Port Trust (PPT) Chairman K.
  • Foreign currency loans: IndianOil may save Rs 150 cr on interest
    Kolkata   19-Jun-2007
    • IndianOil may save close to Rs 150 crore on interest payment on foreign currency loans during the first quarter of this fiscal due to appreciation of rupee against dollar. The decider, however, will be played on June 29 the last working day of this quarter as the foreign exchange rate of that day will be used as benchmark for interest payments for the period. The rupee appreciated by 7.4 per cent on an average during the first two-and-a-half months of this fiscal. The average exchange rate in Ju
  • IndianOil plans to produce biodiesel
    New Delhi   26-Jun-2007
    • Flagship refiner-marketer IndianOil has initiated steps to begin commercial production of biodiesel. The state-owned company has sought about 30,000 hectares of land from the Madhya Pradesh government for Jatropha plantation. Jatropha seed has been identified as the main source of making biodiesel and the company is talking to other states such as Chhattisgarh and Rajasthan for land to start plantations.