Keyword : IOC

Insurance major rescues Indian Oil from slipping on manic Monday

Disinvestment secretary Aradhana Johri said it was a very difficult day. “Still we are happy to have got the value despite huge volatility,” she said. She should be happy as the governm

NTPC, BEL disinvestment process begins with road shows abroad

The global roadshows at four locations to attract investments for its big-ticket stake sale in the country’s largest power producer NTPC and BEL began on Monday (Oct 5). The campaign that may

IOC to spend Rs 32,500 crore on oil exploration, production

Indian Oil Corporation is planning to spend about $5 billion (nearly Rs 32,500 crore) to expand its exploration and production business. More than half the amount is likely to be ear

IOC to offer bonus share

 State-owned Indian Oil Corporation (IOC) has announced bonus shares as its first-quarter net profit jumped 25 percent to Rs 8,268.98 crore. The board of directors has approved the b

Bonuses jump in FY17 as 5 PSUs dole out surplus

 Five public sector companies - Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation (IOC), Rural Electrification Corporation (RE

PSU employees to play larger role in disinvestment

 Market regulator Sebi has agreed to the government’s proposal to give employees of central public sector undertakings (PSUs) a larger role to play in the disinvestment process.

8 PSUs declare bonus shares

 Eight public sector undertaking (PSUs) companies have announced bonus shares for their shareholders thus far in the current calendar year 2016, reported Business Standard. Statistic

Supply LPG only to PSU oil firms, government tells producers

 Liquefied petroleum gas (LPG) producers like Reliance Industries have been asked by the government to supply cooking gas they produce only to state-run oil companies. Private retailers have b

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