Indian Oil Corporation Limited (IOCL) through its wholly owned affiliate IndOil Montney Ltd, Canada have signed transaction agreements with Progress Energy Canada Ltd.

Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f midnight of 28th Feb/1st Mar’14.

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.

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.

IndianOil's R&D Centre has signed a Statement of Intent with Simon Fraser University (SFU), British Columbia Canada, for conducting collaborative research.

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.