News

This signing of binding term sheet follows soon after the signing of a Heads of Agreement on January 21 2024 at New Delhi by the two companies

Trafigura will supply 27 cargoes or 2.5 million tonne of LNG beginning the second half of 2025

Through the Carat operating system from Fiserv, Indian Oil has access to a cloud-based platform

To start with, the firm is setting up green hydrogen plants at its Panipat and Mathura refineries

The company will operate fuel stations at three locations within the airport premises

The company is the third best ranked among the Indian companies

The company is at present carrying out nearly a dozen projects, both greenfield and brownfield, across the region, entailing a total investment of Rs 2,612 crore

The signing of this B2B Framework Agreement marks the beginning of a new chapter in India - Nepal energy partnership

Its liquid pipelines throughput jumped from about 83.25 million tonnes in 2021-22 to the highest ever 94.7 million tonnes in 2022-23

The investment in the development of new retail outlets and upgradation of old ones for the fiscal 2022-23 is Rs 5.50 crore

This marks a significant step forward in promoting sustainable and accessible electric mobility solutions across the city

The company has incorporated the Joint Venture Company with NTPC Green Energy, named IndianOil NTPC Green Energy on June 2, 2023

The company fetched a competitive price of a 5-year unsecured NCD issue at an annual fixed coupon of 7.14%

This strategic collaboration aims to promote ‘Surya Nutan’, IOC’s innovative indoor solar cooking system

This association will add to each other’s strength and revolutionise the e-learning landscape

Indian Oil & Praj have been collaborating to facilitate India’s energy transition towards a greener future in the past as well

The company has invested Rs 169.11 crore in building the facility

The Board of Directors of the Company at its meeting held on July 7, 2023, has inter alia, approved the same

This new refinery, which will come up on about 1,300 acres of land in Nagapattinam, will produce petrol and diesel for BS-VI specifications and also polypropylene

It will also provide a surcharge waiver of 1% on fuel spends between Rs 200 to Rs 5000

IOC has sought land from Hindustan Fertilizer Corporation, whose factory is lying defunct, for developing the petrochemicals complex

The company has signed MoU to set up a world-class Petrochemical Complex at Paradip

The Lanka Indian Oil Corporation would invest in storage tanks and other equipment

The Pipelines Division of IndianOil completed 25 glorious years of excellence since its formation in 1998

Air Products will build, own, and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar

The proposed CDW unit will have an annual capacity of a 270-kilo tonne

The bottling units for ‘Munna’ will be launched in Tripura and North Guwahati soon

IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month

IOC has once again reaffirmed its role as a trailblazer in India’s energy transition, bringing India closer to a greener, cleaner aviation future

The company has signed a $7-9 billion deal with the UAE’s ADNOC Gas

The company is looking at an investment of about $280.1 million

The board of directors at its meeting held on March 14, 2023 has approved the same

The company has set a target of providing 1.50 crore connections across the country

This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country

The agreement aims to explore prospects in utilizing downstream business in ONGC and IOC

Total consolidated income of the company increased by 10.64% at Rs 231,926.82 crore for Q4FY23

The Board at its meeting held on October 13, 2023 has accorded approval for the same

The Board of the company at its meeting held on September 15, 2023, has approved the same

The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company

IOC will acquire 140 acres of Asan Kalan village, 57 acres of Khandra and 152 acres of Bal Jattan village

The first such offering has been started near Shimla

The company has signed a deal to import 1.2 million tonnes per annum of LNG from Adnoc-LNG for 14 years starting in 2026

This collaboration reaffirms IOC’s role as a trailblazer in India’s energy transition, bringing India closer to a greener, cleaner aviation future

Going forward NTPC Green Energy, a wholly owned subsidiary of NTPC, will form the JV Company for supply of RE-RTC power to Indian Oil

The board at its meeting held on December 20, 2024 has accorded approval for the same

The agreement aims to form a JV company to develop RE Power plants to meet Round the clock power requirement of new projects of IndianOil Refineries in India

The partnership is for the installation of over 75 charging stations in Punjab, Haryana and Uttar Pradesh

Jio will connect 7,200 IOC sites with SD-WAN managed service solution, zero-touch provisioning and 24x7 real-time monitoring

The Board of the company at its meeting held on March 21, 2023 has accorded ‘in-principle’ approval for the same

There is no impact on the operation and other activities of the company

Consolidated total income of the company decreased by 2.44% at Rs 228,160.31 crore for Q3FY24

These investments will help the company continue to meet the rising energy needs of a fast-expanding economy

The projects include ’grass-roots terminal’ at Asanur and Vallur, ’captive petroleum’ project

The target set is in line with India’s aim to reach net-zero emissions by 2070

The company intends to expand its refining capacity to 106.7 million tonnes per annum from 81.2 million tonnes

Total income of the company decreased marginally by 3.34% at Rs 220543.92 crore for Q3FY25

GH4India is formed for the purpose of development of Green Hydrogen and its derivatives production assets and associated renewable assets

Total consolidated income of the company decreased by 11.71% at Rs 226025.11 crore for Q1FY24

The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company

Total consolidated income of the company decreased by 3.13% at Rs 199339.05 crore for Q2FY25

The WOS-FC at Gift City, Gandhinagar would facilitate the various business opportunities

The Board of Indian Oil at its meeting held on September 29, 2023 has approved the same

This marks Indian Oil’s entry into the green hydrogen space with India’s largest-ever green hydrogen project to date

Total consolidated income of the company increased 16.64% at Rs 233876.46 crore for Q3FY23

This is the first-ever instance of India exporting this fuel, produced at IOC’s Vadodara refinery

Total consolidated income of the company increased by 35.42% to Rs 233800.98 crore for Q2FY23

Total consolidated income of the company decreased by 11.98% at Rs 205789.51 crore for Q2FY24