Keyword : IOCL

PSUs told to submit proposals regarding ports

The shipping ministry held a consultation meeting with various stake holders on ‘Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports’. The pol

Indian Oil commissions 40 ‘smart’ terminals to boost accuracy

In its bid to maximise accuracy at its supply points by leveraging technology, Indian Oil Corporation Ltd (IOCL), a Maharatna PSU, has commissioned 40 SMART terminals and will convert the remaini

Pradhan asks OMCs to expedite allotment of outlets to SC, ST candidates

After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) t

IndianOil to help Numaligarh Refinery to build a crude oil pipeline

IndianOil Corporation Limited  has signed an agreement with Numaligarh Refinery Limited (NRL) and Paradip Port Trust to help the NRL build a crude oil pipeline from Paradip Port (Odi

Oil minister meets Odisha CM over IOCL impasse

 In order to resolve a tax-dispute between Indian Oil Corporation Limited (IOCL) and government of Odisha, a meeting was held between minister of state (I/C) for petroleum & natural gas Dh

IOCL pays VAT of Rs 2,935 cr to Odisha

In the resolution of the issue of VAT deferment for Indian Oil Corporation’s (IOCL) Paradip refinery in Odisha, IOCL has made VAT payment of Rs 2,935 crore to Odisha government. The refinery

Oil PSUs create corpus of Rs 320 crore to support start-ups

 Ten public sector undertakings of ministry of petroleum and natural gas, including IOCL, ONGC, EIL, OIL, NRL, BPCL, HPCL, GAIL and MRPL, have created a corpus of Rs 320 crore to support start

Online draw for new LPG distributorship introduced

 Oil Marketing Companies (OMCs) – Indian oil corporation ltd (IOCL), Hindustan petroleum corporation limited (HPCL) and Bharat petroleum corporation limited (BPCL) have decided to open o

IOCL, IDCO ink pact to set up plastic park at Paradip

Minister for petroleum and natural gas, skill development & entrepreneurship Dharmendra Pradhan has lauded the state run Indian Oil Corporation and IDCO (Industrial Development Corporation of O

IOCL launches electric vehicle charging station in Nagpur

The Indian Oil Corporation Ltd (IOCL) in collaboration with Ola has launched the country’s first electric charging station at one of its petrol pumps in Nagpur. Nagpur, being t

IndianOil adopts 2018 as ‘Year of Trust`

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 t

IndianOil enters into technology tie-ups with Israeli firms

IndianOil Corporation (IndianOil) has inked agreements with Phinergy, an Israeli start-up company, and YEDA, a technology spinoff company from Weizmann Research Institute, Israel.  &

Two die in a fire incident at ICOL’s Naphtha cracker unit

Two people were killed in the fire that broke out at the Polyethylene Swing Unit of Panipat Naphtha Cracker Complex on January 22. As a precautionary measure, the swing unit is temporarily u

IOCL launches Octamax unit at Mathura refinery

Indian Oil Corporation has successfully commissioned Octamax Unit at its Mathura refinery by using state-of-the-art refining technologies developed by its own R&D centre.  

IOCL Q3 profit nearly doubles to Rs 7,883 cr

Indian Oil Corporation has posted close to two-fold jump in net profit of third quarter of the current fiscal. It clocked a profit of Rs 7,883 crore in Q3 of this fiscal, compared to Rs 3,995 crore

A well-oiled move

The acquisition of the government’s 51.11 percent stake in Hindustan Petroleum Corporation Limited (HPCL) by Oil and Natural Gas Corporation (ONGC) is a step ahead in the creation of an integ

JetPrivilege members to get rewarded at IOCL fuel outlets

The state-run oil marketing company, Indian Oil Corporation Limited (IOCL) has joined hands with Jet Privilege Private Limited (JPPL) to empower members to earn as well as redeem JPMiles whenever t

IOCL’s re-routed docklines dedicated to the nation

IndianOil has dedicated to the nation three multi product pipelines which have been re-routed along the railway corridor at a cost of about Rs 98 crore. The pipelines have been rerou

Indian consortium and Saudi Aramco sign MoU for Ratnagiri refinery

An Indian consortium of IOCL, BPCL and HPCL and Saudi Aramco inked a memorandum of understanding (MoU) to jointly develop and build an integrated refinery and petrochemicals complex, Ratnagiri Refi

IOCL posts Rs 21,346 crore net profit in 2017-18

IndianOil has clocked a net profit of Rs 21,346 crore for 2017-18 fiscal as compared to Rs 19,106 crore in the last fiscal. The reported revenue from operations for 2017-18 FY was Rs 5,06,428 crore

IOCL revises domestic subsidised LPG prices

Indian Oil has increased the price of cooking gas by Rs 2.71 per cylinder in the effective price of subsidised LPG cylinder in Delhi for domestic customers. The corporation said that the hike is ma

Five oil PSUs ink JV pact for north east gas grid

A joint venture agreement was signed amongst five petroleum and natural gas PSUs namely IOCL, ONGC, GAIL, OIL and NRL in Guwahati for executing the north-east natural gas pipeline grid project. It

Price of subsidised LPG gas up by Rs 1.76 per cylinder

Indian Oil Corporation has increased the price of LPG cooking gas by Rs 1.76 per cylinder, taking cost of a subsidised cylinder from Rs 496.26 in July to Rs 498.02 in August in Delhi for domestic c

Taiwanese keen to invest in a petrochemicals cracker plant in India

A Taiwanese delegation comprising government officials and senior level officers of CPC Corporation, Taiwan recently met petroleum minister Dharmendra Pradhan to discuss the CPC’s proposed in

Sumitra Mahajan hands over 5 croreth Ujjwala gas cylinder to beneficiary

Lok Sabha Speaker Sumitra Mahajan handed over 5 croreth LPG connection under Pradhan Mantri Ujjwala Yojana (PMUY) to Takrdiran of Delhi at the Parliament House. Mahajan lauded the c

Indian Oil announces Q1 2018-19 financial results

Indian Oil’s revenue from operations stood at Rs 1,49,747 crore in Q1 2018-19 fiscal as compared to Rs. 1,28,183 crore in the corresponding quarter of the previous fiscal. Prof

Online portal for carrier capacity booking on GAIL’s pipelines unveiled

To facilitate gas trading on hub or exchange traded platforms in India, minister for petroleum and natural gas Dharmendra Pradhan recently unveiled an online portal to enable easy, efficient and tr

Academic session for first batch at ICT - IOCL Bhubaneswar campus inaugurated

Petroleum minister Dharmendra Pradhan has inaugurated the academic session of the first batch of five-year integrated M Tech course in chemical engineering at the Institute of Chemical Technology (

Bihar Dy CM lays foundation stone of IOCL project

The foundation stone for ninth project of The IndianOil Foundation of Development of Infrastructure Facilities at Khajekhalan Ghat in Patna was recently laid by deputy CM of Bihar Sushil Kumar Modi

Rs 133 price cut for non-subsidised LPG cylinder

The price of non-subsidised LPG in Delhi has been slashed by Rs 133 per cylinder from December 1. IOCL has attributed fall in price of LPG in international market and strengthening of US Dollar-Ind

Oil marketing companies want to procure compressed bio gas

State-run oil marketing companies (OMCs), Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Limited recently organised a roadshow in Pune aware on p

LPG gas prices reduced by Rs 120.50 per cylinder

The government has reduced the price of non-subsidised LPG gas in Delhi by Rs 120.50 per cylinder from January 1, 2019.   The price reduction has been attributed to plumm

IOCL finalises term contract for import of US crude oil grades

IndianOil Corporation has finalised a term contract for import of up to three MMT (million metric tonnes) of crude oil of US origin grades to diversify term crude sources in 2019-20 fiscal. The e

Subsidised LPG cylinder cost goes up by Rs 2.08

IOCL has increased the price of LPG cylinder by Rs 2.08 per unit, taking cost of a subsidised LPG cooking gas cylinder from Rs 493.53 in February to Rs 495.61 in March 2019 in Delhi. &nbs



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