News Release Archives


  • New Delhi   03-Dec-2023
    • In a momentous event held today, Ms. Sheetal Devi, the World No. 1 para-archer, was welcomed into the IndianOil family, making her the first para-athlete to join IndianOil sports fraternity. Mr. Shrikant Madhav Vaidya, Chairman, IndianOil, presented the tenure-based engagement letter to Ms. Sheetal Devi, celebrating her remarkable journey in the world of para-archery.

  • New Delhi   14-Aug-2023
    • Mr. Senthil Kumar N has joined the Board of Indian Oil Corporation Ltd. as Director (Pipelines). As the head of IndianOil’s cross-country pipelines network of nearly 18,500 kms, Mr. Senthil Kumar will be responsible for the massive and complex pipeline infrastructure of the Corporation that includes single point mooring systems, crude oil tank farms, city gas distribution networks and pipelines traversing though difficult terrain.

  • New Delhi   04-Apr-2022
    • In a bid to enable India’s decarbonization push, Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), India’s premier engineering & construction conglomerate, and ReNew Power (“ReNew”) (NASDAQ:RNW, RNWWW), India’s leading renewable energy company, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen sector in India.

  • New Delhi   12-Jan-2022
    • SERVO Futura NXT 0W-16, high-performance gas engine oil for new generation cars launched to mark golden jubilee of India’s homegrown No.1 lubricant brand

  • New Delhi   22-Dec-2021
    • The family members of the three (03) contract workers who unfortunately lost their lives during yesterday’s incident have been contacted for extending all possible support in this hour of grief.

  • New Delhi   21-Dec-2021
    • Haldia Refinery, 21.12.2021: Haldia Refinery is undertaking shutdown and maintenance of various major units. In the MSQ unit, during shutdown related works

  • New Delhi   17-Sep-2021
    • After the incident at the AVU-1 unit yesterday, operations at IndianOil’s Barauni Refinery continued smoothly today.

  • Mahoba, Uttar Pradesh   10-Aug-2021
    • The Prime Minister, Shri Narendra Modi launched Ujjwala 2.0 (Pradhan Mantri Ujjwala Yojana - PMUY) by handing over LPG connections at Mahoba Uttar Pradesh today via video conferencing. During the event, the Prime Minister interacted with beneficiaries of the Ujjwala.

  • New Delhi   30-Jul-2021
    • IndianOil reported Revenue from Operations of Rs 1,55,056 crores for the first quarter of Financial Year 2021-22 as compared to Rs 88,939 crores in corresponding quarter of Financial Year 2020-21.

  • New Delhi   05-Jun-2021
    • Prime Minister Shri Narendra Modi addressed the World Environment Day event, jointly organized by the Ministry of Petroleum & Natural Gas and the Ministry of Environment, Forest and Climate Change today through a video conference. During the event, the PM interacted with a farmer from Pune who shared his experience of organic farming and use of biofuel in agriculture.

  • New Delhi   19-May-2021
    • IndianOil reported Revenue from Operations of Rs 5,14,890 crores for the year April – March 2021 as compared to Rs 5,66,354 crores in corresponding Financial Year 2019-20. The Net Profit for the year ended 31st March 2021 is higher at Rs 21,836 crores as compared to Rs 1,313 crores during the previous year mainly on account of higher inventory gain and higher petrochemical margin during current year.

  • New Delhi   22-Mar-2021
    • Hon’ble President of India, Shri Ram Nath Kovind, today visited the IndianOil Foundation (IOF) Trust Interpretation Centre at Konark. Upon his arrival, the President was accorded a warm welcome by Hon’ble Union Minister, Petroleum & Natural Gas and Steel, Govt. of India and Trustee Chairman of IOF Shri Dharmendra Pradhan.

  • New Delhi   17-Mar-2021
    • In the presence of the Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan, and the Minister of Energy of Israel, Dr. Yuval Steinitz, Indian Oil Corporation Limited today entered into a collaboration with Phinergy, an Israeli start-up company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems, to form IOC Phinergy Private Limited.

  • New Delhi   16-Mar-2021
    • The 12th International Symposium on Fuels and Lubricants (ISFL-2021) is being inaugurated by Shri Dharmendra Pradhan, Cabinet Minister for Petroleum & Natural Gas and Steel in the Government of India, on Tuesday, 16th March 2021 at 11:00 hours at Hotel Shangri-La, New Delhi.

  • New Delhi   12-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.

  • New Delhi   10-Mar-2021
    • Driven by the vigorous thrust of the Government on making accessible the clean energy to all Indians, LPG has emerged as the preferred kitchen partner for almost every Indian. This is evident from the fact that the LPG penetration in India has improved from 55% in 2014 to more than 99% as on 10 March 2021.

  • New Delhi   09-Mar-2021
    • Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an Memorandum of Understanding (MOU) to develop Paradip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, Shri Naveen Patnaik, Chief Minister of Odisha and other dignitaries.

  • New Delhi   05-Mar-2021
    • Prime Minister Shri Narendra Modi delivered the keynote address at the CERAWeek 2021 through video conference. He was awarded the CERAWeek Global Energy and Environment Leadership Award. He said “It is with great humility that I accept the CERAWeek Global Energy and Environment Leadership Award.

  • New Delhi   26-Feb-2021
    • Minister of Petroleum and Natural Gas and Steel Shri Dharmendra Pradhan yesterday wrote a letter to Union Minister of Chemicals and Fertilizers Shri D V Sadanand Gowda and Union Minister of State for Ports, Shipping & Waterways (I/c) & Chemicals & Fertilizers Shri Mansukh Mandaviya seeking their personal intervention in leasing out 175 acres of land for undertaking expansion work for IndianOil’s Haldia refinery.

  • New Delhi   09-Dec-2020
    • IndianOil and LanzaTech (USA) jointly hosted a virtual global media meet on the theme "Circular Economy Vision – CO2 Valorization" to share details about the collaboration of two companies for a CO2 project and related vision of the future, where carbon turns from liability to a sustainable opportunity for all. Mr Tarun Kapoor, Secretary, Ministry of Petroleum & Natural Gas;

  • Mumbai   11-Nov-2020
    • In a bid to promote environment protection, Indian Oil Corporation has launched a unique initiative - #TreeCheers. Under this initiative, the Corporation will plant a sapling on behalf of patrons who refuel their new vehicles from IndianOil petrol pumps between the period 12th – 16th November 2020.

  • New Delhi   30-Oct-2020
    • IndianOil reported Revenue from Operations of Rs 2,04,686 crores for the first half of Financial Year 2020-21 as compared to Rs 2,82,514 crores in corresponding period of Financial Year 2019-20.

  • New Delhi   01-Oct-2020
    • Indian Oil Corporation Ltd. has reduced the Retail Selling Price (RSP) of Diesel by Rs 2.93/Litre and Petrol by Rs 0.97/Litre at Delhi during the month of September 2020. There was a corresponding reduction in other markets during this period.

  • New Delhi   31-Jul-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.

  • New Delhi   31-Jul-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.

  • New Delhi   27-Jul-2020
    • Indian Oil Corporation (IndianOil), India’s largest refiner and marketer of petroleum products, and Total, a multinational energy major with headquarters in Paris, France, today announced the formation of a 50:50 Joint Venture (JV) company that will manufacture and market high-quality bitumen derivatives and specialty products for the growing road-building industry in India.

  • New Delhi   23-Jun-2020
    • A compressed bio-gas (CBG) plant of IOT, a joint venture of Indian Oil Corporation with Oiltanking GmbH of Germany, at Namakkal in Tamil Nadu together with five CBG stations for automobiles were remotely inaugurated jointly by Shri Edappadi K. Palaniswami, Hon'ble Chief Minister of Tamil Nadu, and Shri Dharmendra Pradhan, Hon’ble Union Minister of Petroleum and Natural Gas & Steel, in the presence of Shri Sanjiv Singh, Chairman, IndianOil; and other senior officials here today.

  • New Delhi   09-Jun-2020

  • New Delhi   31-May-2020
    • The Retail Selling Price of LPG in Delhi market for the month of May 2020 was reduced from Rs. 744 to Rs. 581.50 per cylinder for all consumers in line with drop in International prices.

  • New Delhi   11-May-2020
    • With the demand for petroleum products gradually picking up, Indian Oil Corporation (IndianOil) has re-started several process units at its refineries that were down due to the lockdown. With throughputs gradually picking up pace, the refineries are currently operating at about 60% of their design capacities with plans to scale up to 80% of the design levels by the end of the month.

  • New Delhi   01-May-2020
    • As the world fights the Covid-19 pandemic, corporates are increasingly relying on digital technology in dealing with the new normal. For IndianOil too, digital technology has emerged as the fulcrum around which the entire organisation is functioning seamlessly to maintain the supply line of essential fuels, with minimal disruptions.

  • New 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.

  • New Delhi   09-Apr-2020
    • Indian Oil Corporation (IndianOil) is fully geared to meet additional demand for LPG coking gas in the country that may arise in the course of the ongoing COVID-19 crisis. The Corporation has tied up additional imports of the product for April and May (to the tune of about 50% over normal imports) to ensure uninterrupted availability of bulk LPG for its bottling plants.

  • New Delhi   08-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.

  • New Delhi   02-Apr-2020
    • As per their commitment to the nation, PSU Oil Marketing Companies (OMCs - IndianOil, BPCL and HPCL)have fully transitioned to BS-VI compliant petrol and diesel across the country with effect from 1st April 2020 even in the face of the constraints posed by the COVID-19 pandemic.

  • New Delhi   30-Jan-2020
    • : IndianOil reported Revenue from Operations of Rs. 4,27,331 crores for the first nine months of Financial Year 19-20 as compared to Rs. 4,61,451 crores in corresponding period of Financial Year 18-19.

  • New Delhi   13-Jan-2020
    • Vice Admiral G.S. Pabby, PVSM, AVSM, VSM, Chief of Materiel today launched the world-class High Flash High Speed Diesel (HFHSD- IN 512), developed by Indian Oil Corporation Ltd., in presence of Dr SSV Ramakumar, Director (R&D), IndianOil and Mr. S M Vaidya, Director (Refineries), IndianOil, senior Navy and IndianOil Officials.

  • New Delhi   13-Dec-2019
    • Mr. Sanjiv Singh, Chairman, IndianOil, inaugurated the Security week at IndianOil’s Corporate Office in New Delhi today, in the presence of Mr. G K Satish, Director(Planning & Business Development), Mr. Ranjan Kumar Mohapatra Director (HR), Mr. Gurmeet Singh, Director (Marketing), Mr. Akshay Kumar Singh, Director (Pipelines) and Mr. BK Ravi, Advisor Security.

  • New Delhi   11-Dec-2019
    • IndianOil bagged the Federation of Indian Petroleum Industry’s (FIPI) ‘Sustainably Growing Corporate of the Year’ award for excellence in sustainability performance and benefits extended to society and the environment, at a glittering awards ceremony held at New Delhi recently.

  • New Delhi   04-Nov-2019
    • Mumbai, November 4, 2019: In line with its commitment to quality of products & services while ensuring complete safety of its customers, IndianOil, the world’s largest packed LPG marketer, has launched a countrywide campaign to sensitise its channel partners and Indane LPG customers on the importance of conducting pre-delivery checks for a LPG cylinder every time a refill is supplied.

  • New Delhi   29-Oct-2019
    • IndianOil won the National CSR Aaward instituted by the Ministry of Corporate Affairs, Government of India, under Women and Child Development category for its Assam Oil School of Nursing project at Digboi.

  • Faridabad   18-Sep-2019
    • Mr. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, Government of India inaugurated IndianOil’s 5MTPD Biomethanation plant in the presence of Mr. Vipul Goel, Minister of Industries, Commerce, Environment and Industrial Training, Haryana Government, Mr. Sanjiv Singh, Chairman, IndianOil, Dr. SSV Ramakumar, Director (R&D), at Faridabad on September 15, 2019.

  • New Delhi   11-Sep-2019
    • In an effort to combine utility and use of renewable energy for scalable adoption and mass acceptance, Indian Oil Corporation (IndianOil) has commenced a pilot test-study of an indoor solar cooking system at Leh, Ladakh. The initiative was flagged off by Dr. SSV Ramakumar, Director (Research & Development), IndianOil.

  • Mumbai   23-Aug-2019
    • PSU Oil Marketing Companies (OMCs – IOC, BPC and HPC) have been constrained to suspend supply of jet fuel to Air India and Alliance Air flights at six airports from the evening of 22nd August 2019 due to mounting outstanding dues from the airline and their ramifications for their working capital requirements.

  • New Delhi   05-Aug-2019
    • Most humbly and with lot of gratitude I thank you all for the guidance and support provided all through these years and blessings and good wishes showered upon me which has enabled me to reach this milestone.

  • New Delhi   03-Aug-2019
    • Mr. Sandeep Kumar Gupta has taken over as Director (Finance) on the Board of Indian Oil Corporation (IndianOil) here today. Earlier, he was Executive Director (Corporate Finance) at IndianOil’s Corporate Office and was also functioning as the Chief Financial Officer and Chief Risk Officer in-charge of Corporate Accounts, Treasury, Investment Appraisal and Risk Management.

  • New Delhi   04-Jul-2019
    • Indian Oil Corporation (IndianOil) and Indraprastha Gas Ltd. (IGL) are setting a 4-tonnes-per-day compact reformer-based H-CNG station at Delhi Transport Corporation’s (DTC) Depot-1 at Rajghat. Field trials will be conducted on 50 DTC buses using the patented technology developed by IndianOil’s Research & Development Centre, to help reduce emissions and improve fuel economy of the buses.

  • New Delhi   30-Jun-2019
    • The price of Non-Subsidised LPG at Delhi will decrease by Rs.100.50/cylinder w.e.f. 1st July 2019 based on LPG Prices in international market and US$-rupee exchange rate.

  • Haldia Refinery, IndianOil   29-Jun-2019
    • A minor fire incident took place in the DYIP project construction site of IndianOil - Haldia Refinery in the late evening around 9:45 PM of 28th June.

  • New Delhi   26-Jun-2019
    • For another successive year, IndianOil has been voted as one of the Most Trusted Fuel and Lubricant Brands in the country by the consumers. IndianOil and its lubricant brand SERVO have been awarded the Reader’s Digest Trusted Brands (2019) title.

  • New Delhi   04-Jun-2019
    • Indian Oil Corporation Ltd. (IndianOil), India’s leading marketer of oil & gas, is joining hands with other oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), for laying the world’s longest LPG pipeline from Kandla (Gujarat) to Gorakhpur (UP).

  • New Delhi   31-May-2019
    • There is a marginal increase of Rs.1.23 per cylinder (from Rs.496.14 in May 2019 to Rs.497.37 in June 2019) in the effective price of Subsidized LPG cylinder in Delhi for domestic customers for the month of June 2019.

  • New Delhi   17-May-2019
    • IndianOil reported Revenue from Operations of ₹6,05,924 crores for the Financial Year 18-19 as compared to ₹5,06,428 crores in corresponding Financial Year 17-18.

  • New Delhi   03-May-2019
    • In the wake of the cyclone Fani making landfall in Odisha earlier today, IndianOil is fully geared up and ensuring uninterrupted fuel supply from its locations in Odisha and West Bengal on the East coast.

  • New Delhi   01-May-2019
    • As part of IndianOil Vidushi, a flagship CSR project, 46 of the 56 girls who underwent coaching at IndianOil Vidushi Centres in Bhubaneswar and Noida have cleared the JEE Mains examination, the results of which were announced on Tuesday.

  • Panipat   18-Mar-2019
    • On Saturday, 16th March, 2019, at about 18:30 Hrs, a fire broke out in the AVU-1 unit of Panipat Refinery during start-up of the unit. The fire & rescue team immediately rushed to the site and the fire was brought under control by 20:20 hrs.

  • New Delhi   28-Feb-2019
    • There is a marginal increase of Rs.2.08 per cylinder (from Rs.493.53 in February 2019 to Rs.495.61 in March 2019) in the effective price of Subsidized LPG cylinder in Delhi for domestic customers for the month of March 2019.

  • New Delhi   27-Feb-2019
    • Hon’ble Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Govt. of India, Shri Dharmendra Pradhan, awarded the 100th LOI to Compressed Biogas (CBG) producer under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative in New Delhi today.

  • New Delhi   18-Feb-2019
    • Prime Minister, Mr. Narendra Modi inaugurated and dedicated a bouquet of projects pertaining to development of Bihar at a public function at Ulao Airport, Begusarai in the presence of Governor of Bihar, Mr. Lalji Tandon. Addressing a gathering of over one lakh people on this historical occasion, the Prime Minister said that these projects will fuel the progress of the state of Bihar and eastern India.

  • New Delhi   30-Jan-2019
    • IndianOil reported Revenue from Operations of Rs.4,61,451 crores for the first nine months of FY 18-19 as compared to Rs.3,69,711 crores in corresponding period of FY 17-18.

  • New Delhi   20-Dec-2018
    • IndianOil observed Security Week based with the theme 'Safety First, Security Must' at its locations across the country from 13th to 19th December 2018.

  • New Delhi   08-Dec-2018
    • Public Sector Oil Marketing Companies (OMCs), viz. Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. & Hindustan Petroleum Corporation Limited, organised a roadshow today at Pune .......

  • New Delhi   30-Nov-2018
    • The price of Non-Subsidised LPG at Delhi will decrease by Rs.133.00 per cylinder w.e.f. 1st December’2018, due to fall in price of LPG in international market and strengthening of US$-rupee exchange rate.

  • New Delhi   29-Nov-2018
    • Considering continuous fall in international prices of Petrol and Diesel, Indian Oil Corporation (IndianOil) has been continuously reducing the prices of petrol and diesel in the domestic market for about one-and-a-half months now.

  • New Delhi   26-Nov-2018
    • For a fast-growing economy like ours, energy needs are growing manifold. PSU Oil Marketing Companies (OMCs – iocl, BPCL & HPCL) are undertaking Retail Outlet (Petrol Pump) network expansion in tandem with the growth in demand of Petrol and Diesel.

  • New Delhi   02-Nov-2018
    • IndianOil reported revenue from operationsof Rs.3,01,313crores for the first half of FY 18-19 as compared to Rs. 2,38,836crores in corresponding period of FY 17-18.The net profit for the half year ended 30th September 2018 is Rs. 10,078crores as compared to Rs. 8,245 crores during the corresponding period of the previous year mainly on account of inventory gains partly offset by exchange losses.

  • New Delhi   31-Oct-2018
    • There is a marginal increase of Rs.2.94 per cylinder (from Rs.502.40 in October 2018 to Rs.505.34 in November 2018) in the effective price of Subsidised LPG cylinder in Delhi for domestic customers for the month of November 2018.

  • New Delhi   30-Sep-2018
    • There is a marginal increase of Rs.2.89 per cylinder (from Rs.499.51 in September 2018 to Rs.502.40 in October 2018) in the effective price of Subsidised LPG cylinder in Delhi for domestic customers for the month of October 2018.

  • New Delhi   24-Sep-2018
    • IndianOil, India's top-ranked Indian corporate in Fortune's ‘Global 500' ranking, has adopted cutting-edge technologies and collaborative R&D to produce green fuels and minimise emissions, besides pioneering a wide range of initiatives for making its operations ecologically benign and sustainable.

  • New Delhi   05-Sep-2018
    • In a glittering ceremony held at IndianOil Corporate Office at New Delhi, the IndianOil Board Members comprising Mr. Sanjiv Singh, Chairman, IndianOil, Ranjan Kumar Mohapatra, Director (HR), Mr. B V Rama Gopal, Director (Refineries) and Dr. SSV Ramakumar, Director (R&D) felicitated the IndianOil Sportstars who represented the Country and brought laurels to the Nation at the 18th Asian Games held at Jakarta & Palembang, Indonasia.

  • New Delhi   02-Sep-2018
    • In a move aimed at drawing investments into the State of Odisha and for forging equitable growth across the country, Shri Dharmendra Pradhan, Union Minister for Petroleum and Natural Gas, Skill Development & Entrepreneurship; inaugurated the first-of-its-kind Textiles and Plastics Investors Conclave here today in the presence of Shri Pradipsinh Jadeja, Minister of State for Home, Law & Justice, Energy and Parliamentary Affairs

  • New Delhi   14-Aug-2018
    • Mr. Akshay Kumar Singh has joined as Director (Pipelines) of Indian Oil Corporation (IndianOil), the country’s largest commercial enterprise and the top-ranked Indian corporate in Fortune’s ‘Global 500’ listing. Earlier, he was Executive Director in GAIL (India) Ltd.

  • New Delhi   11-Aug-2018
    • Indian Oil Corporation (IndianOil) today reported its financial performance for the quarter ended 30th June 2018. The Company has voluntarily adopted quarterly publishing of Consolidated Financial Statement starting from the first quarter of FY 2018-19.

  • New Delhi   10-Aug-2018
    • “World Biofuel Day 2018” event was organized in New Delhi today, with the Prime Minister Sh Narendra Modi addressing a diverse gathering, consisting of farmers, scientists, entrepreneurs, students, government officials, and legislators.

  • New Delhi   03-Aug-2018
    • Ms. Sumitra Mahajan, Speaker, Lok Sabha, on August 3, 2018, handed over Five croreth LPG connection under Pradhan Mantri Ujjwala Yojana (PMUY) to Ms. Takrdiran of Delhi, in the Parliament House.

  • New Delhi   31-Jul-2018
    • There is a marginal increase of Rs.1.76 per cylinder (from Rs. 496.26 in July 2018 to Rs. 498.02 in August 2018) in the effective price of Subsidised LPG cylinder in Delhi for domestic customers for the month of Aug 2018.

  • New Delhi   30-Jun-2018
    • There is a marginal increase of Rs.2.71 per cylinder (from Rs.493.55 in June 2018 to Rs.496.26 in July 2018) in the effective price of Subsidized LPG cylinder in Delhi for domestic customers for the month of July 2018. The increase is mainly on account of GST on revised price of Domestic Non-Subsidized LPG.

  • New Delhi   30-May-2018
    • There was a technical glitch in posting the selling prices of petrol and diesel on our website today. The selling prices of petrol and diesel w.e.f 30th May 2018 have been rectified on our website. Today, there is a minor reduction in fuel prices.

  • New Delhi   21-May-2018
    • Indian Oil Corporation Ltd, the country’s largest commercial enterprise and the top-ranked Indian corporate in Fortune’s ‘Global 500’ listing,

  • New Delhi   11-May-2018
    • IOT Infrastructure & Energy Services Ltd. in its Annual Board Meeting approved the audited financials for FY 2018, highlighting a much anticipated turnaround for the company that withstood strong headwinds in the Energy & Infrastructure sector, to post a consolidated PAT of around Rs. 100 Crore.

  • New Delhi   08-May-2018
    • The IndianOil medal winners at the Gold Coast Common Wealth Games-2018 were given a rousing reception at IndianOil's Corporate Office in the august presence of Chairman, Mr. Sanjiv Singh..

  • New Delhi   28-Apr-2018
    • On April 28, 2018, at around 05:00 Hrs, fire broke in one of the CRU feed naphtha tanks (Tank no. 251, storage capacity 3000 KL) located inside Barauni Refinery. Immediately after the incident, the emergency response and disaster management team became active

  • New Delhi   28-Apr-2018
    • IndianOil signed an agreement with Mitsubishi Chemical Corporation, Japan for sourcing technology & associated services for Acrylic Acid Unit at Dumad, Gujarat. The agreement was signed by Mr. A. N. Jha, ED (Petrochemical-Projects), Business Development, Corporate Office and Mr. Masaya Nomamoto, GM, C3 Derivatives Department

  • New Delhi   24-Apr-2018
    • “I am proud of IndianOil’s R&D Centre at Faridabad” commented Shri Vipul Goyal minister of Industries and Commerce, Industrial Training and Environment, Haryana Government while interacting with Dr. SSV Ramakumar Director (R&D) and a distinguished gathering comprising of mayor of Faridabad

  • New Delhi   16-Apr-2018
    • Mr Sanjiv Singh Chairman, IndianOil inaugurated the 11th edition of International Symposium on Fuels and Lubricants (ISFL) at Surajkund, Delhi NCR on April 15, 2018

  • New Delhi   06-Mar-2018
    • Mr. Anish Aggarwal, Director (Pipelines), IndianOil dedicated to the nation three number of multi product pipelines which have been re-routed along the railway corridor between IndianOil's Foreshore Terminal ..

  • New Delhi   27-Feb-2018
    • At a glittering function held at Mumbai on 26th February 2018 the Times of India Sports Awards TOISA -2018 were conferred on some of the most outstanding sports performers in India.

  • New Delhi   24-Jan-2018
    • A fire broke out inside the catalyst building (pumping area) of the Polyethylene Swing Unit of Panipat Naphtha Cracker complex at about 12:30 hrs. on Monday, 22nd January, 2018, which was quickly brought under control through the immediate coordinated efforts of fire & safety crew, CISF and emergency services personnel.

  • 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...

  • New Delhi   13-Dec-2017
    • IndianOil commenced countrywide observance of Security Week 2017 at its Corporate Office in New Delhi today with the theme “Respect All, Suspect All, Inspect All” and by felicitating select Territorial Army (TA) personnel in the Company for their outstanding contributions in times of natural calamities and national emergencies.

  • New Delhi   12-Dec-2017
    • A minor incident of fire took place in the FCC-Indmax Unit of IndianOil’s Paradip Refinery in Odisha at around 11.15 AM today, that is, 12th December, 2017. The fire was put out immediately

  • New Delhi   11-Dec-2017
    • Indane refill booking through social media pages of Facebook and Twitter was launched today in the Marketing Head Office by Director (Marketing) in the presence of Mr. Gurmeet Singh, ED (LPG), Mr. Alok Khanna, ED I/C IS CO and officials from the LPG and IS groups.

  • Ranchi   29-Nov-2017
    • Mr. Raghubar Das, CM, Jharkhand inaugurated the Khunti Terminal of Indian Oil Corporation Ltd. at Khunti in Ranchi. Mr. Neel Kanth Singh Munda, Minister, Jharkhand and Mr. Karia Munda, M.P., Khunti also graced the occasion

  • New Delhi   05-Sep-2017
    • Six central oil & gas PSUs, viz., IndianOil, ONGC, BPCL, HPCL, GAIL and OIL, under the administrative control of the Ministry of Petroleum & Natural Gas, have contributed Rs. 15 crore to the Flood Relief Fund of the Chief Minister of Bihar ..

  • New Delhi   04-Aug-2017
    • The IndianOil Board, in its meeting on 3rd August 2017, gave Stage-I approval for expansion of the Corporation’s Gujarat Refinery from the existing 13.7 to 18 Million Metric Tonnes Per Annum (MMTPA) of crude oil processing capacity at an estimated cost of Rs. 15,034 crore. The project to augment the Refinery's capacity by 4.3 MMTPA will help meet the growing demand for products in the region.

  • New Delhi   03-Aug-2017
    • • The Dealers’ margin for Petrol and Diesel has been revised w.e.f. 1.8.2017. The increase in dealers’ margin is in slabs with respect to volume and the category of the dealer (A & B site retail outlets, or petrol pumps).

  • New Delhi   22-Jul-2017
    • Mr. Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas (Independent Charge), inaugurated the BS-VI Emission Testing Facilities at IndianOil’s R&D Centre in Faridabad today. Mr. KD Tripathi, Secretary, MoPNG; Mr. Sanjiv Singh, Chairman, IndianOil; Dr. SSV Ramakumar, Director (R&D), IndianOil, and other senior officials accompanied the Minister on his visit to the various research facilities on the R&D Centre campus.

  • New Delhi   15-Jun-2017
    • Indian Oil Corporation Ltd. (IOC) has implemented daily revision of Retail Selling Prices of Petrol and Diesel on a pilot basis in Chandigarh, Jamshedpur, Puducherry District, Udaipur and Visakhapatnam..

  • Mumbai   15-Jun-2017
    • With fuel prices set to be revised on a daily basis from 06.00 am daily effective June 16, Indian Oil Corporation Ltd. has successfully tested all the protocol systems related to dealers and customers to ensure successful roll out of dynamic pricing structure from tomorrow.

  • New Delhi   01-Jun-2017
    • <i>Hindustan Urvarak & Rasayan Ltd.</i> (HURL) has been incorporated as a joint venture company of three Maharatna companies, namely IndianOil, Coal India Ltd. and NTPC, together with FCIL & HFCL, for revival of the fertiliser plants located at Gorakhpur

  • New Delhi   24-Apr-2017
    • IndianOil R&D bagged an award for “Best innovation in Refineries” under Team category for the performance improvement of FCC Unit of Gujarat Refinery through innovative hardware design.

  • New Delhi   19-Apr-2017
    • On 16.04.2017 , Indian Oil Corporation Limited entered into an MoU with Numaligarh Refinery Limited and Paradip Port Trust in a glittering ceremony at Bhubaneswar in presence of Shri Nitin Gadkari, Honourable Minister for Road Transport, Highways & Shipping, Shri Dharmendra Pradhan, Honourable Minister of State (I/C) for Petroleum and Natural Gas..

  • New Delhi   11-Apr-2017
    • Mr. B Ashok, Chairman, IndianOil, has been conferred the SCOPE Special Commendation Award for Excellence and Outstanding Contribution to Public Sector Management - Individual Leadership Category 1 (Maharatna & Navratna PSEs) 2014-15.

  • New Delhi   27-Mar-2017
    • A Memorandum of Understanding for supply of POL products was signed here today between Indian Oil Corporation Limited (IndianOil) and Nepal Oil Corporation (NOC) in the presence of Mr. Dharmendra Pradhan, Hon'ble Minister of State (Independent Change), Ministry of Petroleum and Natural Gas, Government of India, and Mr. Deepak Bohara, Hon'ble Minister for Supplies, Government of Nepal, along with senior officials from MoP&NG, India; Ministry of Supplies of Nepal; IndianOil and NOC.

  • New Delhi   06-Feb-2017
    • In October 2016, for the first time in nearly 16 years, six-time National Table Tennis Champion A. Sharath Kamal competed in the qualifying rounds of a domestic tournament. All National newspapers spread one headline: “Sharath Starts from Scratch”.

  • New Delhi   18-Nov-2016
    • The Public Sector Oil Companies namely Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, in association with State Bank of India, have come forward to ease out some of the challenges being faced by the common public regarding availability of currencies for day to day transactions post demonetization of Rs. 500 and Rs. 1000 denomination currency notes.

  • New Delhi   15-Nov-2016
    • Mr. Dharmendra Pradhan, Hon´ble Union Minister of State (Independent Charge) for Petroleum and Natural Gas, today inaugurated the first CNG (compressed natural gas) station of Punjab at an IndianOil petrol pump in Sector 56, Mohali; the first CNG station of Chandigarh at an IndianOil petrol pump in Sector 44; and also lit the first PNG (piped natural gas) connection at EWS Society of Sector 46, Chandigarh

  • New Delhi   15-Nov-2016
    • The Pradhan Mantri Ujjawala Yojana (PMUY) was launched today at Village: Kairon, Tarntaran, Punjab by Shri Dharmendra Pradhan, Hon’ble Minister of State (Independent Charge), Ministry of Petroleum and Natural Gas, Government of India in the presence of Sardar Sukhbir Singh Badal, Hon’ble Dy. Chief Minister of Punjab.

  • New Delhi   09-Nov-2016
    • Hon’ble Minister for State (I/C) for Petroleum & Natural Gas held a press conference on the occasion of more than 1 Cr. connections released under the ambitious scheme of Hon’ble Prime Minister, Shri Narendra Modi to provide deposit free LPG connections in the name of women of BPL families in the country under “Pradhan Mantri Ujjwala Yojana”.

  • New Delhi   05-Nov-2016
    • All India LPG Distributors Federation is the parent body representing majority of LPG Distributors of Public Sector Oil Companies in the country.

  • New Delhi   03-Nov-2016
    • IndianOil has topped BT500 list of India's Most Valuable Companies by total income. Published annually by BusinessToday magazine, this prestigious listing is yet another recognition of IndianOil’s status as The Energy of India.

  • New Delhi   03-Nov-2016
    • Mr. KV Chowdary, the Central Vigilance Commissioner inaugurated the Vigilance Awareness Week 2016 in IndianOil, in presence of Mr. B. Ashok, Chairman, Ms. CK Deshmukh CVO, functional Directors, Advisor Security and other senior officials of the Corporation. The function was webcast live all over IndianOil locations.

  • New Delhi   24-Oct-2016
    • Heralding the arrival of ‘Urja Ganga’ in the city of Varanasi, Hon’ble Prime Minister Shri Narendra Modi today laid the foundation stone of the City Gas Distribution (CGD) project in a function here in presence of Hon’ble Governor, Uttar Pradesh Shri Ram Naik, Hon’ble Union Minister of State (Independent Charge) for Petroleum and Natural Gas, Shri Dharmendra Pradhan, Hon’ble Union Minister of State (Independent Charge) for Communications and Minister of State for Railways Shri Manoj Sinha

  • New Delhi   24-Oct-2016
    • For sometime now there has been a great deal of buzz about India’s move to a gas-based economy. And on Monday, 24th Oct. 2016, this perhaps takes the first step with Prime Minister laying the foundation stone for Rs 1000 crore City Gas Distribution network for Varanasi.

  • New Delhi   10-Oct-2016
    • LPG connections were distributed under Pradhan Mantri Ujjwala Yojana (PMUY) today at Panipat by Shri Manohar Lal, Hon'ble Chief Minister, Haryana in the presence of Shri Dharmendra Pradhan, Hon’ble Minister of State (Independent Charge), Ministry of Petroleum and Natural Gas, Government of India.

  • New Delhi   07-Oct-2016
    • IndianOil Corporation, India’s flagship national oil major,has launched a start-up scheme <sup>(IndS_UP)</sup> with a revolving corpus fund of Rs. 30 croreto promote promising start-ups and nurture an eco-system conducive for innovations in the domestic hydrocarbons sector.

  • New Delhi   28-Sep-2016
    • Pradhan Mantri Ujjwala Yojana (PMUY) was launched today in the state of Jammu & Kashmir at Srinagar by Hon’ble Chief Minister of J&K, Mohtarma Mehbooba Mufti alongwith Minister of State (I/C) - Petroleum & Natural Gas, Sh. Dharmendra Pradhan in the presence of Minister of State-PMO GOI, Dr. Jitendra Singh; Dy. Chief Minister of J&K, Dr. Nirmal Singh; Minister for FCS & CA J&K, Jenab Chowdhary Zulfikar Ali; MP-Rajya Sabha, Jenab Nazir Ahmed Fiaz and MP-Rajya Sabha, Jenab Mir Mohammed.

  • New Delhi   26-Sep-2016
    • The U.S. Trade and Development Agency and India’s largest commercial organisation IndianOil will jointly work to explore cleaner fuels. The U.S. Trade and Development Agency awarded a grant IndianOil to analyse options for optimizing its refining operations to produce cleaner fuels

  • New Delhi   21-Sep-2016
    • IndianOil has taken a big step forward to return the smiles to the faces of children and young adults who have been living in isolation with cleft lip and palate deformities. The medical condition of cleft lip is an unfortunate birth defect affecting maximum people in the North East. There are over 44000 afflicted persons in Assam.

  • New Delhi   14-Sep-2016
    • A healthy mix of shareholders from youngsters to veterans attended the IndianOil’s Annual General Meeting today in Mumbai. The annual report and the accounts were approved by the shareholders. The shareholders further approved the recommended issue of bonus shares in the proportion of 1:1. All proposals of the Board of Directors were approved with strong majorities.

  • New Delhi   09-Sep-2016
    • It was a historic moment for India and Bangladesh both when Sri Dipankar Ray, Executive Director, IndianOil AOD State Office flagged off the first convoy of tank trucks carrying petroleum goods for Tripura via Bangladesh today from Guwahati Terminal.

  • New Delhi   08-Sep-2016
    • In order to promote excellence and innovation in the Indian Refining Industry, the Ministry of Petroleum & Natural Gas recognized outstanding contributions. India is fast emerging as a ‘Refining Hub’, and improvements in technology, operations and innovations, will go a long way in strengthening the sector.

  • New Delhi   31-Aug-2016
    • The Retail Selling Prices of Petrol and Diesel have been reduced on four occasions in the last two months on the back of decreasing international oil prices. As a consequence, the prices in Delhi were reduced by Rs. 5.56/litre for Petrol and Rs. 4.92/litre for Diesel.

  • New Delhi   31-Aug-2016
    • India’s leading research organisation in areas of social and development research, Research & Development Initiative along with leading Public Sector oil companies – Bharat Petroleum Corporation, Indian Oil Corporation & Hindustan Petroleum Corporation have come together to organise the nation’s first International Conference on cooking gas. The two day conference, to be held in Odisha’s capital city, will be inaugurated by Jharkhand Governor Hon. Smt. Droupadi Murmu on September 1.

  • New Delhi   29-Aug-2016
    • IndianOil reported a net profit of Rs. 8,269 crore for the quarter ended 30th June, 2016 as compared to a profit of Rs. 6,591 crore in the corresponding quarter of 2015-16. The income from operations for the quarter ended 30th June, 2016 was Rs. 1,07,201 crore as compared to Rs. 1,13,743 crore in corresponding quarter of 2015-16 and despite better physicals, the decrease is purely because of fall in international prices in current period.

  • New Delhi   19-Aug-2016
    • The Ministry of Petroleum & Natural Gas through IndianOil’s Mathura Refinery today joined hands to set –up India’s largest Sewage Treatment Plant at Mathura that will purify sewage from Mathura and Vrindavan and the treated water will be used by the Refinery for its industrial use.

  • New Delhi   09-Aug-2016
    • IndianOil bagged the prestigious Petrofed awards in three categories. The Corporation was bestowed upon Petrofed award for ‘The Most Responsibly Growing Corporate of the Year'.

  • New Delhi   10-Aug-2016
    • PetroFed and EYE ON have released the results of their one-month long investor index and market survey on ‘India’s Hydrocarbon Sector’ at the AnnualPetroFed Awards ceremony held at New Delhi on Monday.

  • New Delhi   03-Aug-2016
    • 25.44 lakh LPG connections have been released to women of BPL families as on today under the Pradhan Mantri Ujjwala Yojana. The scheme which was launched by Honorable Prime Minister in Balia, Uttar Pradesh on 01st May, 2016 is currently under operation in 553 districts of 24 States.

  • New Delhi   01-Aug-2016
    • Hon'ble Minister of State (Independent Charge) for Petroleum & Natural Gas held a meeting with all District Nodal Officers (DNOs) of Eastern States and North Eastern States at Kolkata on 30.07.2016.

  • New Delhi   24-Jul-2016
    • Shri Dharmendra Pradhan, Hon'ble Minister of State (Independent Charge), Ministry of Petroleum & Natural Gas, Government of India, participated in the Golden Jubilee Celebrations of CPCL on July 23, 2016 at CPCL’s Manali Refinery. Hon'ble Minister unveiled the Golden Jubilee Stupa marking the celebrations.

  • New Delhi   07-Jul-2016
    • Samriddhi by Mahindra Agri is a flagship initiative of the USD 17.8 billion multinational Mahindra group aimed at providing agronomy advice and agro input products as well as best agricultural practices to the Farmer universe in India.

  • New Delhi   04-Jul-2016
    • IndianOil has emerged as one of the best employers in India in a study jointly conducted by The Economic Times & Great Place to Work Institute, covering 791 Indian companies and more than 1.5 lakh employees.

  • New Delhi   30-Jun-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 30<sup>th</sup> June / 1<sup>st</sup> July 2016

  • New Delhi   10-Jun-2016
    • Shri. Dharmendra Pradhan, Hon'ble Minister of State (Independent Charge) for Petroleum & Natural Gas, Government of India; inaugurated the second carousel at the Indane Bottling Plant at Muzaffarpur, Bihar in the gracious presence of Shri Ram Kripal Yadav, Hon'ble Minister of State for Drinking Water and Sanitation

  • New Delhi   03-Jun-2016
    • The Ministry of Petroleum and Natural Gas (MoPNG) is committed to provide clean fuel to all households in the country with key focus on rural and difficult areas. In this endeavor, strengthening supply chain of LPG distribution is one of the key initiatives of the Ministry.

  • New Delhi   31-May-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 31<sup>st</sup> May / 1<sup>st</sup> June 2016

  • Port Blair   28-May-2016
    • To commemorate the 133rd birth anniversary of ‘Swatantra Veer’ Shri Vinayak Damodar Savarkar, a specially designed Veer Savarkar Jyot was unveiled in the premises of the Cellular Jail in Port Blair today by Shri Amit Shah, National President, Bharatiya Janata Party

  • New Delhi   16-May-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 16th / 17th April 2016

  • New Delhi   05-May-2016
    • As large parts of Uttarakhand’s forests were engulfed by fire, the Air Force HQ and the State Government advised IndianOil to position refuellers at Srinagar (Uttarakhand) and Ghorakhal (Uttarakhand) immediately for refuelling IAF helicopters engaged in dousing the forest fire.

  • New Delhi   21-Apr-2016
    • There are rumours in the social media that IndianOil has given a warning to the following effect:

  • New Delhi   08-Apr-2016
    • This is with respect to news reports under circulation in the media that Indian Oil Corporation Ltd. is considering buying equity stake in the Cuddalore Refinery of Nagarjuna Oil Corporation.

  • New Delhi   04-Apr-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 4th / 5th April 2016

  • New Delhi   28-Mar-2016
    • Indian Refineries are gearing up to meet strict timeline of April,2020 set for supplying superior fuels for BS VI emission norms. India has been following fuel and emission norms in line with European standards, normally known as Euro norms.

  • New Delhi   08-Mar-2016
    • India’s downstream petroleum refining and marketing major Indian Oil Corporation’s 100th Aviation Fuel Station (AFS) at Rourkela in Sundergarh district of Odisha was inaugurated today by the Shri Dharmendra Pradhan, Hon’ble Minister of State (i/c), Ministry of Petroleum & Natural Gas, at a function held in Rourkela. Present on the occasion were Shri Jual Oram, Hon’ble Union Minster (Tribal Affairs);

  • New Delhi   16-Mar-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 16th March / 17th March, 2016

  • New Delhi   17-Feb-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 17th February / 18th February, 2016

  • New Delhi   05-Feb-2016
    • IndianOil organised the 5th edition of IndianOil Petrochemical Conclave held at Mumbai today which brought together luminaries from global and Indian petrochemical industry to deliberate on the theme “Petrochemicals Vision 2025 – Challenges and Opportunities.”

  • New Delhi   27-Jan-2016
    • Two frontline products of IndianOil – Indane and <b><i>SERVO</i></b> - have been conferred Superbrand status by M/s. Superbrands India Pvt. Ltd, a leading global consumer survey brand.

  • New Delhi   27-Jan-2016
    • An informative exhibition on country’s 23rd refinery and IndianOil’s 11th refinery at Paradip opened in the city today. The exhibition located on Janpath at Saheed Nagar Puja ground in the city, displays the extraordinary execution of the 15-MMTPA refinery project on the sea shore of Paradip.

  • New Delhi   22-Jan-2016
    • Adding value to its bouquet of product offerings and endeavoring to deliver improved and better products to consumers, a high productivity High Density Polyethylene (HDPE) injection moulding grade 080M60 was successfully introduced by IndianOil last year.

  • New Delhi   20-Jan-2016
    • In a major step towards mitigating environmental concern, Government of India (GoI) has decided that the country will be switching over to BS-VI norms of auto emissions and commensurate quality auto fuels (MS and HSD), directly from BS-IV norms w.e.f 1st April 2020.

  • New Delhi   15-Jan-2016
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 15th January / 16th January, 2016

  • New Delhi   15-Dec-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 15th December / 16th December, 2015

  • New Delhi   09-Dec-2015
    • Any Indane customer in need of LPG REFILL in and around the above specified area of operation can approach along with empty Indane cylinder and collect refill on payment by providing customer no. and name of the distributor from whom they normally get the refill.

  • New Delhi   05-Dec-2015
    • Customers are requested not to panic; there is NO fuel shortage in city. Due to heavy water logging many petrol pumps are not being operated due to safety and security reasons, as fuelling is an electrical operation.

  • New Delhi   03-Dec-2015
    • India’s largest commercial organization, IndianOil has entered into an agreement with StoreKing, the brand of LocalCube Commerce Pvt. Ltd for making available e-commerce shopping facility through its retail outlets in the small towns and villages of Karnataka State.

  • New Delhi   01-Dec-2015
    • In view of the growing interest in e-commerce websites by customers in smaller towns and rural areas, IndianOil has inked an agreement with M/s LocalCube Commerce Pvt Ltd, also known as StoreKing, that shall enable customers in Tier3& 4 towns to do their online shopping from IndianOil retail outlets.

  • New Delhi   01-Dec-2015
    • Sustainable development initiatives, including climate change mitigation activities, are implemented in IndianOil through short-term and long-term plans. The details of IndianOil’s sustainability / green initiatives towards adaptation and mitigation of impacts of climate change are detailed as under:

  • New Delhi   30-Nov-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 30th November / 1st December, 2015

  • New Delhi   23-Nov-2015
    • Paradip, 22.11 : Shri Dharmendra Pradhan, Honorable Minister of State(Independent charge) Petroleum & Natural Gas flagged-off the first dispatch of consignment of products from Paradip Refinery, IndianOil comprising High Speed Diesel(Diesel),

  • New Delhi   15-Nov-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th November / 16th November, 2015

  • New Delhi   03-Nov-2015
    • Downstream oil company, IndianOil has reported a standalone net profit of Rs. 6,107 crore on income from operations of Rs. 1,86,692 crore for the half year ended 30<sup>th</sup> September 2015 as compared to a net profit of Rs. 1,624 crore on income from operations of Rs. 2,36,621 crore during the corresponding period in the previous year.

  • New Delhi   31-Oct-2015
    • Indian Oil Corporation Ltd. has decided to decrease the Retail Selling Price of Petrol by Rs. 0.50/litre at Delhi (including State levies) with corresponding price revision in other States w.e.f. midnight of 31st October / 1st November, 2015. With this change, the price of Petrol in Delhi will become Rs. 60.70/litre.

  • New Delhi   27-Oct-2015
    • Mr. B. Ashok, Chairman, IndianOil, led the Vigilance Awareness Week celebrations across the Corporation at its Corporate Office, in the presence of IndianOil's functional Directors - Mr. Sanjiv Singh, Director (Refineries); Mr. D. Sen, Director (P&BD); Mr. Verghese Cherian, Director (HR); Mr. A.K. Sharma, Director (Finance)'Mr. Anish Aggarwal, Director (Pipelines); along with Mr. Anand Kumar, CVO, and other senior executives of IndianOil.

  • New Delhi   15-Oct-2015
    • In the run-up to full commissioning of the Paradip Refinery, the Diesel Hydrotreater (DHDT) Unit of Paradip Refinery was commissioned on October 13, 2015 by Shri B Ashok, Chairman, IndianOil,

  • New Delhi   15-Oct-2015
    • Indian Oil Corporation Ltd. has decided to increase the Retail Selling Price of Diesel by Rs. 0.95/litre at Delhi (including State levies)

  • 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.

  • 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

  • New Delhi   30-Sep-2015
    • Indian Oil Corporation Ltd. has decided to increase the Retail Selling Price of Diesel by Rs. 0.50/litre at Delhi (including State levies) with corresponding price revision in other States w.e.f. midnight of 30th September/ 1st October, 2015.

  • New Delhi   10-Sep-2015
    • IndianOil retained its position as the Most Valuable Indian Petroleum Brand in the recently unveiled WPP’s BrandZ Top 50 Most Valuable Indian Brands 2015.

  • New Delhi   31-Aug-2015
    • Mr. Dharmendra Pradhan, Hon’ble Minister of State (Independent Charge), Ministry of Petroleum & Natural Gas launched Sahaj – Online New LPG Connection in the presence of Mr. K D Tripathi, Secretary, IAS, MOP&NG, Mr. Ajay Prakash Sawhney, IAS, Additional Secretary, MOP&NG, Mr. Ashutosh Jindal, IAS Joint Secretary (Marketing), MOP&NG, Mr. B. Ashok, Chairman, IndianOil, Dignitaries of the Ministry and Oil Industry.

  • New Delhi   31-Aug-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st August / 1st September, 2015

  • New Delhi   14-Aug-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 14th August / 15th August, 2015

  • New Delhi   11-Aug-2015
    • Hon’ble Minister of State (I/c) for Petroleum and Natural Gas, Mr. Dharmendra Pradhan, launched the sale of blended Bio-diesel - B5 Diesel at IndianOil petrol pump at Vijayawada via a video conferencing facility from New Delhi in the presence of Mr. Kapil Dev Tripathi, Petroleum Secretary, Mr. Debashis Sen, Director (Petrochemicals and Business Development), IndianOil, and senior officials from ministry and oil industry.

  • Mumbai   07-Aug-2015
    • With more than 24,000 IndianOil retail outlets nationwide, chances are, there will be one close to you whether you are driving home from work or embarking on a road trip across the country

  • New Delhi   06-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.

  • New Delhi   31-Jul-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st July / 1st August, 2015

  • New Delhi   28-Jul-2015
    • Mumbai, July 21, 2015: The sustainable, cost-effective training movement called Project Chetna (“awakening” in Hindi) conceptualised by IndianOil for its retail outlet customer attendants has received the international recognition from the Association for Talent Development (ATD).

  • New Delhi   15-Jul-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th July / 16th July, 2015

  • New Delhi   10-Jul-2015
    • In what can be termed as playing its role in contributing to the national mission for a Clean India by ensuring separate toilet facilities for boys and girls in all government schools within the purview of Sarva Shiksha Abhiyan (SSA) and Rashtriya Madhyamik Shiksha Abhiyan (RMSA)

  • New Delhi   10-Jul-2015
    • The South Oil Jetty of Paradip Refinery was inaugurated by Shri Nitin Jairam Gadkari, Hon’ble Union Minister, Shipping, Road Transport & Highways on 10th July 2015 in the august presence of Shri Dharmendra Pradhan, Hon’ble Union Minister of State(Independent Charge), Petroleum & Natural Gas

  • New Delhi   30-Jun-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th June / 1st July, 2015

  • New Delhi   15-Jun-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th / 16th June, 2015:

  • New Delhi   29-May-2015
    • Indian Oil Corporation Ltd. (IndianOil), India’s leading Fortune 'Global 500' company and flagship national oil company in the downstream sector, delivered yet another year of sterling performance in 2014-15

  • New Delhi   15-May-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th / 16th May, 2015

  • New Delhi   30-Apr-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th April / 1st May, 2015

  • New Delhi   23-Apr-2015
    • An MoU on Skill Development in the Hydrocarbon Sector was signed by Mr. Dilip H. M. Chenoy, Managing Director & Chief Executive Officer, National Skill Development Corporation (NSDC) and Mr Rod Miller, Associate Vice President, Corporate Training Solutions, Southern Alberta Institute of Technology (SAIT), Calgary, Alberta, Canada

  • New Delhi   15-Apr-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th / 16th April, 2015

  • New Delhi   01-Apr-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 1st / 2nd April, 2015

  • New Delhi   19-Mar-2015
    • First IndianOil Gas Conclave 2015 was inaugurated by Mr. B. Ashok, Chairman, IndianOil on 18th March, 2015 at New Delhi in the presence of Mr. D. Sen, Director (P&BD), IndianOil and Mr. G. K. Satish ED I/c (Gas), IndianOil.

  • New Delhi   19-Mar-2015
    • Hon’ble Prime Minister Shri Narendra Modi will inaugurate Urja Sangam 2015, Energy Conclave at Vigyan Bhavan, New Delhi on 27th March,2015 where Ministers, CEOs, joint venture partners, industry leaders, academia, technology innovators, policy makers and thought leaders will converge on a single platform to deliberate the contemporary challenges and opportunities of shaping the energy security of India in a rapidly changing energy landscape and intensely integrated world.

  • New Delhi   28-Feb-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 28th February'15 / 1st March'15

  • New Delhi   15-Feb-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th / 16th February'2015

  • New Delhi   13-Feb-2015
    • Downstream Oil Company IOC has reported a standalone net loss of Rs. 1,012 crore for the nine months ended 31st December 2014 as compared to a net loss of Rs. 2,371 crore during the corresponding period in the previous year.

  • New Delhi   12-Feb-2015
    • IndianOil organised the 4th edition of the Petrochemical Conclave today at The Leela, Ambience Gurgaon Hotel & Residences, Gurgaon, which brought together luminaries from global and Indian petrochemicals industry to deliberate on the theme 'Petrochemical Beckons - Make in India'.

  • New Delhi   06-Feb-2015
    • In continuation of its commitment towards providing value added polymer grades to Indian polymer industry, IndianOil launched a high productivity HDPE grade, Propel HDPE 080M60, for injection moulding applications at a function held at Courtyard Marriott, Ahmedabad on February 5, 2015.

  • New Delhi   03-Feb-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 3rd / 4th February'15

  • New Delhi   02-Feb-2015
    • Mr. A. K. Sharma, IndianOil's Director (Finance) received the Best CFO Award from the Institute of Chartered Accountants of India (ICAI) in the category 'CA CFO – Public Sector' at an award ceremony held at Mumbai on February 1, 2015.

  • New Delhi   08-Jan-2015
    • Mr. Verghese Cherian has assumed charge as Director (Human Resources), Indian Oil Corporation Limited. Having completed his Masters in Social Work, he joined the Corporation in the year 1982 at IOC's Refineries Headquarters in Delhi.

  • New Delhi   16-Jan-2015
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 16th/ 17th January'15

  • New Delhi   15-Dec-2014
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 15th December / 16th December'14

  • New Delhi   30-Nov-2014
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th November'14 / 1st December'14

  • 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

  • New Delhi   31-Oct-2014
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st October'14/ 1st November'14

  • New Delhi   02-Oct-2014
    • In response to the Hon’ble Prime Minister’s call seeking the participation of all sections of society in realising Gandhiji’s dream of a clean India, Indian Oil Corporation (IndianOil) kicked off a major cleanliness drive in the vicinity of its Northern Regional Office (NRO) in Yusuf Sarai, New Delhi.

  • New Delhi   30-Sep-2014
    • Petrol prices were last revised w.e.f 31st August’14 when selling price was reduced by Rs 1.50/litre (excluding state levies) resulting in Retail Selling Price at Delhi going down by Rs 1.82/litre (including VAT).

  • New Delhi   25-Sep-2014
    • National Management Games (NMG), an annual inter-Corporate National Level Competition on Business Simulations conducted by All India Management Association (AIMA) was organized recently in Russia.

  • New Delhi   19-Sep-2014
    • Mr. Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum and Natural Gas handed over the Official Language shield to Indian Oil Corporation Limited at India Habitat Centre

  • New Delhi   17-Sep-2014
    • As part of its efforts to restore normalcy in petroleum supplies in the flood-affected areas of Kashmir Division

  • New Delhi   22-Jul-2014
    • Business Development Group of IndianOil organised recently a five-day training programme on ‘Operations of Product Terminals and Depots’ under the aegis of India - Africa Forum Summit – II, funded by Ministry of External Affairs (MEA), Government of India.

  • 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

  • New Delhi   30-Jun-2014
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th June /1st July’14

  • New Delhi   31-May-2014
    • Indian Oil Corporation Ltd. has decided to increase the retail selling price of Diesel (Retail) by Rs.0.50/litre (excluding state levies) w.e.f midnight of 31st May/1st Jun’14.

  • New Delhi   29-May-2014
    • Indian Oil Corporation Limited in the year 2013-14, has once again set standards in the downstream petroleum market with enhanced market and mindshare.

  • New Delhi   12-May-2014
    • Indian Oil Corporation Ltd. has decided to Increase the Price of Diesel (Retail) by Rs.1.09/litre (excluding state levies) w.e.f midnight of 12th / 13th May, 2014.

  • New Delhi   15-Apr-2014
    • Indian Oil Corporation Ltd. has decided to decrease the retail selling prices of Petrol by Rs 0.70/litre (excluding state levies) w.e.f midnight of 15th / 16th April '14.

  • New Delhi   11-Apr-2014
    • Indian Oil Corporation Ltd. the 88th ranked 'Fortune Global 500' company won the prestigious BML Munjal Awards for ‘Business Excellence through Learning and Development' for year 2014 for consistently used training, learning & development as a source of competitive advantage.

  • New Delhi   31-Mar-2014
    • Indian Oil Corporation Ltd. has decided to decrease the retail selling price of Petrol by Rs.0.75/litre (excluding state levies) w.e.f midnight of 31st Mar/1st Apr’14.

  • New Delhi   11-Mar-2014
    • Marking an important event in the development of technology for advanced biofuels in the country, the bio-energy research centre was dedicated to the nation by Prof. K VijayRaghavan, Secretary, Department of Biotechnology, in the presence of Mr. RS Butola, Chairman, IndianOil and Functional Directors at the sprawling Research & Development Centre of IndianOil located in Faridabad.

  • New Delhi   13-Feb-2014
    • IOC has reported a net loss of Rs 961 crore on Income from Operations of Rs 1,17,672 crore for the quarter ended 31.12.2013. During the corresponding period in the previous year, the Corporation reported a net profit of Rs 3,332 crore on Income from Operations of Rs 1,16,700 crore.

  • New Delhi   07-Feb-2014
    • The 3rd Annual Petrochemical Conclave was inaugurated today by Mr. Indrajit Pal, IAS, Secretary, Chemicals & Fertilizers in the august presence of Ms. Ranjana Kale, Economic Advisor, Mr. R.S Butola, Chairman, IndianOil, Mr. A.M.K Sinha, Director (P&BD) and Mr. Siddharth Mitra, ED, Petrochemicals at Gurgaon.

  • New Delhi   31-Jan-2014
    • Indian Oil Corporation Ltd. has decided to Increase the retail selling price of Diesel (Retail) by Rs.0.50/litre (excluding state levies) w.e.f midnight of 31st Jan/1st Feb’14.

  • New Delhi   31-Jan-2014
    • Indian Oil Corporation Ltd. has decided to Increase the retail selling price of Diesel (Retail) by Rs.0.50/litre (excluding state levies) w.e.f midnight of 31st Jan/1st Feb’14.

  • New Delhi   03-Jan-2014
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 03rd /04th Jan'14

  • New Delhi   20-Dec-2013
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 20th Dec./21st Dec’13

  • New Delhi   12-Dec-2013
    • R&D Centre and VITO, Belgium, have signed a Statement of Intent (SOI) for joint research into utilisation of CO2 as a renewable & sustainable feedstock for the production of fuels & chemicals.

  • New Delhi   12-Dec-2013
    • R&D Centre and VITO, Belgium, have signed a Statement of Intent (SOI) for joint research into utilisation of CO2 as a renewable & sustainable feedstock for the production of fuels & chemicals.

  • New Delhi   30-Nov-2013
    • Indian Oil Corporation Ltd. has decided to Increase the retail selling price of Diesel (Retail) by Rs.0.50/litre (excluding state levies) w.e.f midnight of 30th Nov./1st Dec’13

  • New Delhi   08-Nov-2013
    • IndianOil has reported a net profit of Rs. 1,684 crore on Income from Operations of Rs. 1,10,390 crore for the quarter ended 30.9.2013. During the corresponding period in the previous year, the Corporation reported a net profit of Rs. 9,611 crore on Income from Operations of Rs. 1,06,001 crore.

  • New Delhi   31-Oct-2013
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st Oct./1st Nov’13

  • New Delhi   30-Sep-2013
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 30th Sep/ 1st Oct'13

  • New Delhi   31-Aug-2013
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st Aug/1st Sept'13

  • New Delhi   31-Jul-2013
    • Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 31st July 13/ 1st Aug 13

  • New Delhi   29-Jul-2013
    • New Delhi, July 29, 2013: Indian Oil Corporation Limited, on 23rd July 2013, priced USD 500 million bonds for a tenor of ten years under Regulation S format. This was IndianOil's fourth international bond in last three and half years.

  • New Delhi   27-Jun-2013
    • In solidarity with the resilience of the people of Uttarakhand, 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. IndianOil has contributed Rs 2 Crores to the Chief Minister Relief Fund to support the rescue and rehabilitation process in the state.

  • New Delhi   30-May-2013
    • Indian Oil Corporation Limited (IndianOil), a Maharatna Company, is the nation's largest enterprise. At 83rd, it is also the highest ranked Indian company in the Fortune 'Global 500' list.

  • New Delhi   10-May-2013
    • In pursuant to GOI order dated 17th Jan'13, OMCs were authorised to increase the retail selling price of Diesel within a small range every month until further order.

  • New Delhi   30-Apr-2013
    • Indian Oil Corporation Ltd. has decided to reduce the retail selling prices of Petrol w.e.f midnight of 30th April'13/ 1st May'13 by Rs. 3.00/litre (including VAT) at Delhi.

  • New Delhi   15-Apr-2013
    • Indian Oil Corporation Ltd. has decided to reduce the retail selling prices of Petrol w.e.f midnight of 15th/16th April'13 by Rs. 1.00/litre (excluding VAT) and Rs. 1.20/ litre (including VAT).

  • New Delhi   01-Apr-2013
    • Indian Oil Corporation Ltd. has decided to reduce the retail selling prices of Petrol w.e.f midnight of 1st/ 2nd April'13 by Rs. 0.85/ litre (excluding VAT).

  • New Delhi   22-Mar-2013
    • Indian Oil Corporation Ltd. has decided to increase the Retail Selling Price of Diesel w.e.f midnight of 22nd /23rd March'13 by Rs.0.45 per litre (excluding VAT) in line with the flexibility given by the Government to OMCs to revise the Diesel prices.

  • New Delhi   18-Mar-2013
    • Indian Oil Corporation Ltd organized the second edition of its popular Petrochemical Conclave at Gurgaon, today. The Conclave, with the theme, “South Asia – The Land of Opportunities” was inaugurated by Shri Indrajit Pal IAS,

  • New Delhi   15-Mar-2013
    • Indian Oil Corporation Ltd. has decided to reduce the retail selling prices of Petrol w.e.f midnight of 15th/16th March'13 by Rs. 2.00/ litre (excluding VAT).

  • New Delhi   01-Mar-2013
    • Indian Oil Corporation Ltd. has decided to effect the changes in MS retail selling prices w.e.f midnight of 1st/2nd March’13 upwards by Rs.1.40 /litre (excluding VAT).

  • New Delhi   15-Feb-2013
    • Indian Oil Corporation Ltd. has decided to effect the following changes in MS and HSD retail selling prices w.e.f midnight of 15th/16th February'13

  • New Delhi   17-Jan-2013
    • It has been decided to increase the entitlement of subsidised domestic LPG cylinders till March 2013 from 3 to 5 cylinders. However, no refund shall be admissible on any LPG domestic cylinder already supplied at non subsidized price during the period 14.09.2012 till date. For FY 2013-14, the entitlement of subsidized domestic LPG cylinder shall increase from 6 to 9.

  • New Delhi   15-Nov-2012
    • It has been decided to revise the MS prices downward by Rs. 0.95 per litre (excluding State levies) w.e.f 16th Nov'12.

  • New Delhi   17-Oct-2012
    • IndianOil and Korea Gas Corporation(KOGAS) signed an MoU for joint participation in Exploration and Production of Gas and Oil at the global level and developing Natural Gas infrastructure projects and LNG sourcing.

  • New Delhi   08-Oct-2012
    • PETROTECH 2012, the 10th International Oil & Gas Conference & Exhibition is being organised by Indian Oil Corporation Limited under the aegis of the Ministry of Petroleum & Natural Gas, Government of India, during October 14-17, 2012, New Delhi, India.

  • New Delhi   08-Oct-2012
    • It has been decided to revise the MS prices downward by Rs. 0.56 per litre (excluding State levies in Delhi) w.e.f 9th Oct’12.

  • New Delhi   25-Jul-2012
    • Further to the press release issued on 24.7.12 informing about the revision, w.e.f. 24-25 Jul 2012, in the rates of ‘State Specific Cost (SSC)’ to cover the irrecoverable levies imposed by States on petroleum products, the full list of state-wise impact of revision in SSC excluding

  • New Delhi   25-Jul-2012
    • The Government of India vide its notification No.P-20029/18/2001-PP dated 16th January , 2003, notified “The Irrecoverable Taxes Compensation Scheme", 2002 to compensate the oil companies for irrecoverable state taxes to facilitate smooth transition from the administered pricing regime to the market determined pricing scheme.

  • New Delhi   23-Jul-2012
    • MS prices have been decontrolled by the Govt of India w.e.f 25.06.10 and since then the Oil Marketing Companies (OMCs) are free to fix the selling price of petrol. It has been decided by Indian Oil Corporation to increase MS prices by `0.70/litre (excluding state levies) w.e.f midnight of 23-24 July, 2012.

  • New Delhi   04-Jul-2012
    • IndianOil Corporation, the largest corporation of India, has built up the foreign currency loan portfolio of USD 7 billion. The portfolio of USD 7 billion consists of funds lent by banks situated in various countries across globe including USA, UK, Norway, Netherlands, Germany, France, Mauritius, South Africa, Middle East, Japan, Taiwan, Singapore, Australia etc.

  • New Delhi   28-Jun-2012
    • It has been decided to revise MS prices downwards by Rs. 2.46/litre (excluding state levies) w.e.f midnight of 28-29 June, 2012.

  • Bangalore   26-Jun-2012
    • To meet the growing needs of new-generation two-wheelers hitting the Indian market, IndianOil (IOC) has now launched a new engine oil SERVO 4T SYNTH with advanced synthetic chemistry, for use by two-wheelers. At a function held in Bangalore, IndianOil’s Director (Marketing), Mr. M Nene launched the cutting-edge engine oil, in the presence of customers from the automobile industry, OEM representatives, trade partners, besides resellers and stockists.

  • Mumbai   26-Jun-2012
    • IndianOil’s latest top-end offering, SERVO Futura Synth, a 100% synthetic premium lubricant for use in the cars, was launched here by IndianOil’s Director (Marketing), Mr. M Nene, in the presence of a large gathering of customers from the automobile industry, OEM representatives, trade partners, resellers and stockists.

  • New Delhi   03-Jun-2012
    • It is noted that a false impression is being created in some sections that the Oil Marketing Companies (OMCs) have recorded huge profits in 2011-12. On the contrary, the OMCs have been incurring huge losses.

  • New Delhi   02-Jun-2012
    • It has been decided to revise the MS prices downward by Rs.2.02 per litre (including State levies in Delhi). The decrease in other States will vary depending upon the rate of State VAT / Sales Tax.

  • New Delhi   28-May-2012
    • The audited financial results of the Corporation were taken on record at the meeting of the Board of Directors here today. The Turnover for the financial year 2011-12 rose by 24.7% to Rs 4,09,957 crore from Rs. 3,28,652 crore during 2010-11. The profit for the year 2011-12 is Rs. 3,955 crore as compared to the profit of Rs 7,445 crore during the previous financial year.

  • New Delhi   23-May-2012
    • Post deregulation of MS wef 25.06.10, Oil Marketing Companies (OMCs) are reviewing MS prices on fortnightly basis and have revised the prices on several occasions.

  • New Delhi   17-Apr-2012
    • The last price revision of Motor Spirit (MS) was effected by IndianOil on 1st Dec. 2011 when the Company reduced the price by Rs. 0.65 per litre on top of an earlier price reduction of Rs.1.85 per litre effected

  • New Delhi   30-Mar-2012
    • IndianOil has signed the annual Memorandum of Understanding (MoU) with the Government of India for the year 2012-13. The MoU document was signed today by Mr. GC Chaturvedi, Secretary, Ministry of Petroleum and Natural Gas, with Mr. R.S. Butola, Chairman, IndianOil, in the presence of Functional Directors on IndianOil’s Board.

  • New Delhi   21-Mar-2012
    • IndianOil, India’s flagship petroleum company has won the prestigious Hart Energy Award for its contributions towards a cleaner environment. Along with LyondellBasell,

  • New Delhi   01-Mar-2012
    • IndianOil, India’s largest commercial enterprise, has built up a foreign currency loan portfolio of USD 6 billion. This portfolio consists of about USD 2 billion of long term foreign currency funds and about USD 4 billion worth short term foreign currency funds lent to IndianOil by various banks across the world.

  • New Delhi   22-Feb-2012
    • IndianOil, India's largest commercial enterprise and the highest ranked Indian company in the Fortune ‘Global 500’listing, has bagged the coveted Corporate Sustainability Vision Award 2012. Instituted by the Indian Chamber of Commerce, this award recognises IndianOil’s excellent performance in the area of sustainable development.

  • New Delhi   13-Feb-2012
    • Indian Oil Corporation Ltd. (IndianOil) has registered a profit of Rs. 2,488 crore for the third quarter of the current financial year ended December 2011 as compared to a profit of Rs. 1,635 crore for the corresponding quarter of the previous year. The profit for the current quarter could be achieved mainly due to Government compensation of Rs. 8,237 crore for the previous quarters, approved and accounted for in this quarter.

  • New Delhi   01-Feb-2012
    • IndianOil has won the SCOPE excellence award for the year 2009-10 under the Institutional I (Maharatna & Navratna CPSEs) category. The award was presented by the Honourable Prime Minister of India, Dr. Manmohan Singh to Mr. RS Butola, Chairman,

  • Guwahati   11-Jan-2012
    • A fire broke out around 7.00 pm on January 10, 2012 at Guwahati Refinery after a blast in one of the tanks. The fire has been extinguished by the fire fighting team of the refinery.

  • New Delhi   30-Nov-2011
    • MS prices have been decontrolled by the Govt of India wef 25.06.10 and since then the Oil Marketing Companies (OMCs) are free to fix the selling price of petrol. OMCs are reviewing MS prices on fortnightly basis.

  • New Delhi   15-Nov-2011
    • The Motor Spirit (MS) prices were de-regulated by Government of India w.e.f. 25.06.2010. Since then, OMCs including IndianOil have the freedom to fix the MS prices.

  • New Delhi   04-Nov-2011
    • During current fiscal year, so far, MS domestic selling prices have been revised thrice including the revision w.e.f today i.e. 04.11.11, other two revisions happened w.e.f 15.05.11 & 16.09.11.

  • New Delhi   15-Sep-2011
    • Due to combination of unprecedented factors, IndianOil has been constrained to revise the price of MS (Petrol). The new prices will be effective from midnight today

  • New Delhi   27-Jul-2011
    • Indian Oil Corporation Ltd. (IndianOil), has raised USD 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.

  • New Delhi   30-May-2011
    • Indian Oil Corporation Ltd. (IndianOil), a Maharatna Company and the nation’s largest commercial enterprise as also its highest ranked Fortune ‘Global 500’ company, has reported an excellent performance for the year 2010-11.

  • New Delhi   14-May-2011
    • IndianOil revises petrol prices.Against a desir3ed price of Rs.10.50 per litre in petrol,IndianOil has effected a reduced price increase of only Rs.5.

  • New Delhi   03-May-2011
    • Mr. Praveen Kumar Goyal has taken over as Director (Finance) of Indian Oil Corporation Ltd. 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 Delhi   11-Apr-2011
    • At a glittering ceremony at the Vigyan Bhavan today, Her Excellency Smt. Prathiba Devisingh Patil, Hon'ble President of India today conferred the SCOPE Meritorious Award 2009-10 for Best Practices in Human Resource Management upon IndianOil.

  • New Delhi   16-Mar-2011
    • Mr. A.M.K Sinha has joined the Board of Indian Oil Corporation Ltd. (IndianOil) as Director (Planning & Business Development). Prior to his elevation as Director (P&BD), Mr. 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 Delhi   28-Feb-2011
    • Mr. R.S.Butola has taken over as Chairman of Indian Oil Corporation Ltd., India’s flagship oil & gas major. Before joining IndianOil, Mr. Butola was the MD of ONGC Videsh Ltd. (OVL).

  • New Delhi   31-Jan-2011
    • Subsequent to the superannuation of Mr.B.M.Bansal, Chairman of IndianOil, Mr. S.V.Narasimhan, Director(F), IndianOil has been entrusted with the additional charge of the post of Chairman, IndianOil , on ad-hoc basis for a period of three months, with effect from 01.02.2011 or till a regular incumbent is appointed, whichever event may occur earlier.

  • Kolkata   30-Jan-2011
    • Mr. 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.

  • New Delhi   16-Jan-2011
    • Based on current price levels in the international oil market, the desired increase in the retail selling prices (RSPs) of petrol in a market like New Delhi should have been Rs.3.72/Lt. However, IndianOil has chosen to soften the impact on the customer by increasing the price by Rs.2.50/Lt. only and not passing on the balance required increase of Rs.1.22/Lr.

  • New Delhi   14-Jan-2011
    • IndianOil, India’s flagship petroleum major and LanzaTech, a leading clean energy technology company today signed a Memorandum of Understanding (MOU) for collaboration in a technology demonstration that will enable IndianOil to produce fuel grade ethanol.

  • New Delhi   25-Nov-2010
    • SERVO– IndianOil’s brand of world-class lubricants - was conferred the Master Brand award by CMO Asia in a glittering ceremony recently held in Mumbai. The Master Brand trophy and citation was received by Mr. Amitava Chatterjee, ED (Lubes), IndianOil. This award is yet another recognition of the fact that SERVO continues to be the leading Indian brand among lubricants.

  • New Delhi   09-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 Mr. Murli Deora, Union Minister for Petroleum & Natural Gas, Mr. Jitin Prasada, Minister of State for Petroleum & Natural Gas, Mr. S Sundareshan, Secretary, MoP&NG, Mr. B. M. Bansal, Chairman, IndianOil and Mr. R S Sharma, CMD, ONGC and President, Petroleum Sports Promotion Board(PSPB).

  • New Delhi   27-Oct-2010
    • Mr. Sudhir Bhalla has taken over as Director (HR) of Indian Oil Corporation Ltd. Prior to his elevation to the Board of Directors, he was Executive Director (HR) of IndianOil's Refineries Division. Mr. Bhalla has over three decades of experience in HR at IndianOil and has handled the entire gamut of activities in the HR function.

  • New Delhi   21-Oct-2010
    • In a thumping 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).

  • New Delhi   30-Sep-2010
    • The three oil marketing PSUs, Indian Oil Corporation, 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. (MIAL) for the formation of a new joint venture company for setting up and operating an integrated fuelling facility.

  • Faridabad   05-Aug-2010
    • Dr. R.K Malhotra has taken over as Director (Research & Development), IndianOil today. Prior to his elevation to the Board, Dr. Malhotra was Executive Director of IndianOil’s world-class Research and Development Centre at Faridabad.

  • New Delhi   04-Aug-2010
    • IndianOil, India's largest commercial enterprise and the leading Indian company on the Fortune Global 500 listing, has signed an MoU with Tamil Nadu Industrial Development Corporation Ltd.

  • New Delhi   30-Jun-2010
    • Recognizing the positive move of the Government of India by granting autonomy to the PSU Oil Marketing Companies (OMCs) to revise petrol prices and possible autonomy in revising diesel prices in the near term, ICRA on 28th June’10 updraded the long term rating on outstanding long term debt programme of IndainOil from ‘LAA+’ to ‘LAAA’ (highest grade).

  • New Delhi   13-May-2010
    • Shri Murli Deora, Minister of Petroleum and Natural Gas, along with Shri S.Sundareshan, Secretary Petroleum; Shri B M Bansal, Chairman Indian Oil Corporation Limited; Chairman, Oil India Limited; Managing Director, ONGC Videsh Limited and other senior officials from the Ministry of Petroleum and Natural Gas

  • New Delhi   28-May-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 and its highest ranked Fortune ‘Global 500’ company, Indian Oil Corporation Ltd. (IndianOil) reported an excellent performance for the year 2009-10.

  • New Delhi   01-May-2010
    • Panipat, 1st May 2010: In the wave of a flag, Mr. B.M.Bansal, Chairman, IndianOil, signalled what could well emerge as a major game changer in the Indian domestic petrochemical business.

  • New Delhi   03-Apr-2010
    • In a tactical move aimed at producing high value petrochemicals in India, Indian Oil Corporation Ltd. (IndianOil) today entered into a joint venture with TSRC Corporation, Taiwan and Marubeni Corporation, Japan to set up of a state-of-the-art Styrene Butadiene Rubber (SBR) unit at Panipat

  • New Delhi   25-Mar-2010
    • As part of the petroleum sector’s endeavour to provide clean and green fuels to the nation and its people, transportation fuels (petrol & diesel) conforming to Bharat Stage-IV norms was formally launched in Delhi and the National Capital Region on March 24, 2010.

  • New Delhi   15-Mar-2010
    • Customer and Sustainable Development are in sharp focus in the annual MoU between Indian Oil Corporation Ltd. (IndianOil) and the Government of India for the year 2010-11. The document was signed here today by Mr. S Sundareshan, Secretary, Ministry of Petroleum and Natural Gas, and Mr. B M Bansal, Chairman, IndianOil.

  • New Delhi   01-Mar-2010
    • Mr. Brij Mohan Bansal, Director (Planning & Business Development) has taken charge as Chairman of Indian Oil Corporation Ltd, India’s largest commercial organization and the leading Fortune - 500 Company. He takes over the reins from Mr. Sarthak Behuria who completes his tenure on 28th February, 2010.

  • New Delhi   04-Nov-2009
    • IndianOil has signed a memorandum of understanding (MoU) with the Nuclear Power Corporation of India Ltd.(NPCIL), for investing in the vastly promising nuclear energy sector in the country.

  • New Delhi   30-Oct-2009
    • Indian Oil Corporation Ltd. (IOC) has registered a Profit after Tax of Rs.284 crore for the second quarter of the current financial year ended September 30, 2009 as compared to a loss of Rs. 7047 crore for the same quarter of the previous year. The unaudited financial results of the Corporation were taken on record at the meeting of the Board of Directors here today.

  • New Delhi   16-Oct-2009
    • IndianOil signed a Memorandum of Understanding (MoU) with PA LLC of Florida to collaborate on biodiesel production from micro-algae on October 16, 2009.

  • New Delhi   20-Oct-2009
    • New Delhi, October 20, 2009: Mr. Sarthak Behuria, Chairman, IndianOil, received four prestigious ‘Oil Industry Safety Directorate (OISD) Awards’ at a glittering function held at SCOPE Convention Centre, here today. Mr. Murli Deora, Hon’ble Union Minister of Petroleum & Natural Gas, presented the awards.

  • New Delhi   15-Oct-2009
    • Mr. Sarthak Behuria, Chairman, received on behalf of IndianOil, the 'MoU Excellence Award' 2007-08 from Honourable Prime Minister of India, Dr. Manmohan Singh, on October 15, 2009, at a glittering ceremony at Vigyan Bhawan.

  • New Delhi   04-Sep-2009
    • IndianOil has appointed Mr. K. K. Jha as Director(Pipelines) effective, September 1, 2009. He will be in-charge of IndianOil's network of 10329-km long 74.41 mmtpa capacity cross-country pipelines transporting crude oil and petroleum products across the country.

  • New Delhi   30-Jul-2009
    • Indian Oil Corporation Ltd. (IOC) has registered a Profit of Rs. 3,683 crore for the first quarter of the current financial year ended June 2009 as compared to Rs. 415 crore for the same quarter of the previous year. Higher profit during the quarter was mainly on account of inventory gains, foreign exchange gains and lower interest.

  • New Delhi   08-Jul-2009
    • In a befitting acknowledgement of its ever-improving performance, and a crowning glory in its Golden Jubilee Year (1959-2009), IndianOil has moved up 11 places, in the just-released <i>Fortune 'Global 500' </i>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.

  • New Delhi   29-May-2009
    • Battling odds in a challenging business environment, India's No.1 Fortune 'Global 500' company and flagship oil major, IndianOil notched up another year of sterling performance.

  • New Delhi   28-Mar-2009
    • As a step towards ensuring the energy security and sustained economic growth of the nation, IndianOil has set for itself a tough and challenging agenda in its growth-oriented Memorandum of Understanding (MoU) with the Government of India for the year 2009-10.

  • New Delhi   30-Jan-2009
    • <b>New Delhi, January 30:</b> Indian Oil Corporation Ltd. (IOC) has registered a Profit of Rs. 2,959 crore for the third quarter of the current financial year ended December 2008 as compared to a Profit of Rs. 2,091 crore for the same quarter of the previous year. The profit could be achieved due to the Government’s support by way of additional bonds, in spite of inventory losses and lower refining margins.

  • New Delhi   06-Jan-2009
    • New Delhi, Dec. 2: Thirteen overseas ministers, 273 exhibitors and about 4,000 speakers and delegates will converge in New Delhi for PETROTECH-2009, Asia's biggest biennial Oil & Gas Industry event, being organised by Indian Oil Corporation Ltd. under the aegis of the Ministry of Petroleum & Natural Gas during 11th–15th January 2009.

  • New Delhi   08-Dec-2008
    • A Memorandum of Understanding (MoU) was signed at Mumbai on 8th December 2008 between IndianOil and Adani Energy Ltd. (AEL) for setting up a joint venture enterprise for City Gas Distribution (CGD) business in select markets of Haryana, Punjab, Rajasthan and Uttar Pradesh.

  • Mumbai   20-Nov-2008
    • SERVO, one of Asia's largest lubricant brands, was formally launched in Oman by H.E. Mr.Anil Wadhwa, Indian Ambassador to Oman when he handed over the first package to SERVO customer - Al Omania Automobile Marketing LLC, at an exclusive function held in Muscat recently in the presence of Mr. Sarthak Behuria, Chairman, IndianOil; Mr. Deepak Punshi, DGM, Auto Parts Centre LLC; Mr. G.C.Daga, Director(Marketing), IndianOil; Mr. B.N.Bankapur, Director(Refineries), IndianOil; Mr. Amitava Chatterjee,

  • New Delhi   31-Oct-2008
    • IndianOil and GAIL (India) Ltd. today signed a Memorandum of Understanding (MoU) for cooperation in the area of Petrochemicals to collaborate for exploring the possibility of setting up of a cracker complex. including downstream derivatives, at Barauni.

  • New Delhi   23-Sep-2008
    • Mr. Sarthak Behuria, Chairman, IndianOil, has been elected as the President of the World LPGas Association (WLPGA). This rare honour came to Mr. Behuria when the Board of Directors of WLPGA met in Seoul in South Korea today on the eve of the 2008 World LPGas Forum.

  • New Delhi   22-Sep-2008
    • As a part of its 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 sportspersons.

  • New Delhi   21-Aug-2008
    • Indian Oil Corporation’s first ever Solar Mini Utility for charging solar lanterns was inaugurated by Mr B. M. Bansal, Director (Planning & Business Development), IndianOil, at its Kisan Seva Kendra (special format petrol/diesel station for rural areas) at Sathla, about 25 km from Meerut today.

  • New Delhi   30-Jul-2008
    • Indian Oil Corporation Ltd. (IOC) has registered a Profit of Rs. 415 crore for the first quarter of the current financial year ended June 2008 as compared to Rs. 1,468 crore for the same quarter of the previous year.

  • New Delhi   30-Jun-2008
    • In a significant development that recognises the competence of Indian research in the global arena, IndianOil today beat the likes of Chevron, USA, and Saudi Aramco, Saudi Arabia, to win the coveted WPC Excellence Award 2008 in the technical development category.

  • New Delhi   28-May-2008
    • India’s No.1 Fortune ‘Global 500’ company and downstream oil major, Indian Oil Corporation Ltd. (IndianOil), registered one more year of sustained all-round growth in 2007-08 despite a challenging business environment and turbulence in the market place.

  • New Delhi   23-Apr-2008
    • India's energy major, IndianOil, sold 58.3 million tonnes of petroleum products during 2007-08, registering a 8.7% growth in volumes as compared to the previous year. IndianOil's market share increased by 1.1% to touch 48.9% in the oil industry.

  • New Delhi   15-Apr-2008
    • IndianOil Chairman, Mr. Sarthak Behuria inaugurated IndianOil’s ‘LNG at Doorstep’ facility at the Pen unit of H&R Johnson in the presence of Mr. B.M.Bansal, Director(P&BD), IndianOil, Mr. G.C.Daga, Director(Marketing), IndianOil and other distinguished dignitaries here today.

  • New Delhi   07-Mar-2008
    • The Research & Development Centre of Indian Oil Corporation Limited is organising the 6th International Symposium on Fuels & Lubricants (ISFL-2008), the biggest biennial event of the downstream hydrocarbon industry in the country with the theme ‘Fuels and Lubricants: Evolving Trends for Sustainable Development’ during 10th-12th March 2008 at India Habitat Centre here.

  • New Delhi   31-Jan-2008
    • IndianOil has registered a net profit of Rs. 2,091 crore for the third quarter of the current financial year ended December 2007 as compared to a profit of Rs. 1,792 crore during the same quarter in the previous year. For the nine months ended December 2007, the corporation’s net profit was Rs. 7,377 crore as against Rs. 5,997 crore net profit for the same period of the previous year, registering a growth of 23%.

  • Mumbai   22-Jan-2008
    • India’s largest commercial organization, IndianOil’s Director(Finance) Mr. S. V. Narasimhan was presented the coveted “2008 IMA Excellence in Finance Award” amongst PSUs, at a glittering function in Mumbai last night. Dr. (Mrs.) Indu Shahani, Sheriff of Mumbai, presented the award to Mr. Narasimhan, for his stellar contribution in steering the financial fortunes of the flagship corporate of the country – IndianOil.

  • New Delhi   18-Jan-2008
    • India’s flagship national oil company, Indian Oil Corporation Ltd. (IndianOil), entered into a Memorandum of Understanding (MoU) with Transparency International India (TII) here today for implementing an Integrity Pact Programme focussed on enhancing transparency in its business transactions, contracts and procurement processes.

  • New Delhi   17-Jan-2008
    • With less than 365 days left for the curtains to go up on PETROTECH-2009, India’s flagship oil & gas industry event, Mr. Murli Deora, Union Minister of Petroleum & Natural Gas, today kicked off the preparations to make it truly world-class.

  • New Delhi   12-Dec-2007
    • Mr. Sarthak Behuria, Chairman of IndianOil Corporation Ltd. (IndianOil), has been chosen to receive the prestigious "SCOPE Award for Excellence and Outstanding Contribution to Public Sector Management – Individual Category" for the year 2006-07.

  • New Delhi   21-Nov-2007
    • Indian Oil Corporation Limited is the title sponsor of the IndianOil Cup – India-Pakistan Test series starting in New Delhi on 22nd November 2007. This is the fifth major cricket tournament that IndianOil has bagged for a title sponsorship after the IndianOil Asia Cup in 2004, IndianOil Cup Tri Nation Series in 2005, the prestigious ICC Champions Trophy in 2007 and the India-Pakistan ODI Series 2007, held recently.

  • New Delhi   30-Oct-2007
    • IndianOil has registered a profit of Rs. 3818 crore for the second quarter of the current financial year ended September 2007 as compared to Rs. 2884 crore for the same quarter in the previous year.

  • Mumbai   20-Oct-2007
    • The high octane India Pakistan ODI series will be title sponsored by India’s largest energy major, IndianOil. The India-Pakistan series starts in Guwahati on 5th November followed by matches at Mohali(8th), Kanpur(11th), Gwalior(15th) and Jaipur(18th).

  • New Delhi   13-Oct-2007
    • IndianOil's 158-km Lasariya-Chittaurgarh branch pipeline on the mainline Koyali-Sanganer petroleum product pipeline and the marketing terminal at Chittaurgarh was inaugurated by Mr Sarthak Behuria, Chairman, IndianOil here today. Mr G. C. Daga, Director (Marketing), and Mr P. K. Chakraborti, Director (Pipelines), were present for the occasion.

  • New Delhi   07-Sep-2007
    • New Delhi, Sept. 7: IndianOil has been conferred the prestigious SCOPE Meritorious Award for Best Practices in Human Resource Management for the year 2005-06. The glittering gold trophy and citation were presented by Mr.Sontosh Mohan Dev, Hon’ble Union Minister for Heavy Industries & Public Enterprises, to Mr. Sarthak Behuria, Chairman, IndianOil, and Mr. V C Agrawal, Director (HR), IndianOil, on Tuesday.

  • New Delhi   04-Oct-2007
    • <b> IndianOil’s Mathura Refinery and LPG Bottling Plants awarded for Best Performance </b> IndianOil, the largest commercial enterprise in the country and the highest ranked Indian corporate in the prestigious Fortune Global 500 list, bagged two awards from the Oil Industry Safety Directorate (OISD) of the Ministry of Petroleum and Natural Gas (MoP&NG).

  • New Delhi   21-Sep-2007
    • Indian Team cricketer & IndianOil’s tenure-based player Rohit Sharma made his first appearance at the crease yesterday (20th September 2007) in the Twenty20 World Cup in South Africa, a memorable and joyous event. He lifted a six off the last ball to complete his well-deserved half-century in style in the match against South Africa.

  • Mumbai   10-Sep-2007
    • 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 most substantive intellectual and information exchange platforms for retail business in the Indian sub-continent.

  • New Delhi   30-Aug-2007
    • Indian Oil Corporation’s (IndianOil) crude oil derivatives trading on the Multi-Commodity Exchange (MCX) of India was formally inaugurated by its Director (Finance), Shri S.V. Narasimhan, here on Thursday.

  • New Delhi   27-Aug-2007
    • Indian Oil Corporation Ltd. (IndianOil) has embarked upon a path-breaking technology innovation by commissioning pilot projects offering ‘LNG at the doorstep’ for use in captive power and industrial furnace applications. LNG (liquefied natural gas), a cryogenic liquid fuel with high energy density, is the purest form of natural gas.

  • New Delhi   01-Aug-2007
    • Mr. P.K. Chakraborti, 58, has taken over as Director (Pipelines) of Indian Oil Corporation Ltd. (IndianOil) today. Prior to his elevation to the Board level, he was Executive Director in the Corporate Office of IndianOil looking after business development activities of Refineries and Pipelines.

  • New Delhi   31-Jul-2007
    • Mr Anand Kumar has taken over as Director Research & Development) of Indian Oil Corporation Ltd today. Prior to his elevation to the Board, Mr Anand Kumar was Executive Director of IndianOil’s apex learning centre, the IndianOil Institute of Petroleum Management, (IiPM), Gurgaon.

  • New Delhi   30-Jul-2007
    • Indian Oil Corporation Ltd. (IndianOil) registered a net profit of Rs. 1468 crore during the first quarter of the current fiscal as per the unaudited financial results declared by the IndianOil Board today. Profit for the first quarter includes impact of Exchange Gain of Rs. 1134 crore as compared to Exchange Loss of Rs. 498 crore during April – June 2006. Further profit for April – June 2006 includes Rs. 3225 crore being profit on sale of 20% equity holding in ONGC Ltd. during April 2006.

  • New Delhi   13-Jul-2007
    • In a significant development aimed at further boosting IndianOil Group’s forays into tapping alternative sources of energy, Chennai Petroleum Corporation L td. (CPCL), an IndianOil subsidiary, has recently commissioned a windmill power project of 17.6 MW capacity at Palghat pass near Pollachi. With this project, CPCL has earned the distinction of being the first PSU to have its own windmill for captive power consumption.

  • New Delhi   09-Jul-2007
    • IndianOil has signed a Memorandum of Understanding with M/s Creative, for marketing India’s first fire retardant kitchen aprons through its countrywide network of Indane LPG Distributors. The MoU was signed recently by Mr. Mrinal Roy, Executive Director (LPG), IndianOil, and Ms. Priyanka Ganguly, Managing Partner, Creative, in the presence of senior officials from IndianOil and Creative.

  • New Delhi   12-Jul-2007
    • In a befitting acknowledgement of its ever-improving performance, IndianOil moved up 18 places in the just-released Fortune 'Global 500' list of world's largest companies by sales for the year 2007. Placed at 135, IndianOil leads the pack of six Indian companies figuring in the list that is based on performance in the fiscal year ended March 31, 2007.

  • New Delhi   28-May-2007
    • The financial year 2006-07 was highly rewarding for IndianOil, with gross turnover exceeding Rs. 2,00,000 crore, product sales reaching a new high, and both the refineries and pipelines network registering record throughputs, besides commissioning of key projects worth Rs. 10,000 crore.

  • New Delhi   03-Jun-2007
    • Indian Oil Corporation Limited (IndianOil) has executed documentation to issue long-term foreign currency bonds of US$ 300 million (over Rs.1200 crore) raised through a private placement of debt securities in the United States. The Note Purchase Agreement for this issue was signed by Mr. S.V. Narasimhan, Director (Finance), IndianOil, on May 31, 2007 at New York.