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Oil India plans net zero by 2040, to invest $2 billion in projects - sources Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies' net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world's biggest emitters of greenhouse gases, aims for zero by 2070. State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, G...
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Source: Reuters
8/09/2023 3:56:19 PM
India makes first crude oil payment to UAE in Indian rupees India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday. Indian Oil Corp made payment to Abu Dhabi National Oil Company (ADNOC), according to a statement issued by Indian embassy in UAE. The transaction comes after one involving the sale of 25 kg gold from a UAE gold exporter to a bu...
India makes first crude oil payment to UAE in Indian rupees
India makes first crude oil payment to UAE in Indian rupees
Source: Reuters
15/08/2023 11:35:08 AM
Buy Indian Oil Corporation Ltd For Target Rs.120 - ICICI Direct A strong beginning to FY24E Indian Oil Corporation’s (IOCL) Q1FY24 EBITDA and PAT of INR 221.6bn and INR 137.5bn beat our estimates of INR 175bn and INR 103bn, respectively. The numbers were also well ahead of Q1FY23 EBITDA of INR 13.6bn and net loss of INR 19.9bn. Reported GRM of USD 8.3/bbl in Q1FY24 was down by USD 6.9/bbl QoQ and USD 23.5/bbl YoY (in-line), while refining throughput was at 18.8mt (down 1% YoY, in-line). Marketing strength drove the outperformance, with sharply hi...
Buy Indian Oil Corporation Ltd For Target Rs.120 - ICICI Direct
Buy Indian Oil Corporation Ltd For Target Rs.120 - ICICI Direct
Source: ICICI Direct
7/08/2023 4:03:24 PM
Indian Oil Corp swings to Q1 profit on higher marketing margins  Indian Oil Corp Ltd (IOC) reported a first-quarter profit on Friday, as the country's top refiner benefited from higher fuel sales and marketing margins. The state-owned company's net profit was 137.50 billion rupees ($1.67 billion) for the quarter ended June 30, compared with a loss of 19.93 billion rupees, a year earlier.
Indian Oil Corp swings to Q1 profit on higher marketing margins
Indian Oil Corp swings to Q1 profit on higher marketing margins
Source: Reuters
28/07/2023 2:40:52 PM
India state retailers` gasoil, gasoline sales declines in July Indian state fuel retailers' gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand. Daily sales of gasoil fell by 19.7% to about 2.96 million metric tons in July compared with June, the data showed. Fuel demand in the world's third-biggest oil importer and consumer typically drops during the four-month monsoon season that begins in June as parts of the country are hi...
India state retailers` gasoil, gasoline sales declines in July
India state retailers` gasoil, gasoline sales declines in July
Source: Accord Fintech
17/07/2023 11:06:18 AM
Indian Oil Corp to raise $2.7 billion through share sale  Indian Oil Corp (IOC) would raise up to 220 billion rupees ($2.66 billion) through a rights issue of shares, the state-owned refiner said on Friday. Last month, Reuters reported that the Indian government had kicked off its plan to fund energy transition projects of three big state refiners — IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) — in exchange for equity. IOC, the country's top refiner, has not specified which projects the ne...
Indian Oil Corp to raise $2.7 billion through share sale
Indian Oil Corp to raise $2.7 billion through share sale
Source: Reuters
7/07/2023 7:30:41 PM
Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana  Indian Oil Corp will set up an 80,000 tonnes sustainable aviation fuel plant with LanzaJet in Haryana, the refiner's chairman said on Wednesday. The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi. The refiner is also running a pilot project for green fuel in association with Praj Industries in the western state of Maharashtra, Vaidya added. ($1 = 82.1200 Indian rupees)
Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana
Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana
Source: Accord Fintech
14/06/2023 2:57:27 PM
Buy Indian Oil Corporation Ltd For Target Rs.325 - Yes Securities Ltd Higher operating expense drive a miss   Our view OINL’s 4QFY23, operating profit at Rs 23.5bn (+20% YoY; -18% QoQ), stood below estimates on higher than estimated operating expense (+389% QoQ), even as Revenue at Rs 56.5bn, stood in-line with estimates. Crude production stood at 0.80mmt (+7% YoY & -1% QoQ) the natural production stood at 8.7mmscmd (+11% YoY; -1% QoQ). The net-crude oil realization at USD 76.1/bbl stood mostly flat QoQ but 22% lower on YoY basis. The na...
Buy Indian Oil Corporation Ltd For Target Rs.325 - Yes Securities Ltd
Buy Indian Oil Corporation Ltd For Target Rs.325 - Yes Securities Ltd
Source: Yes Securities Ltd
13/06/2023 2:12:18 PM
Buy Indian Oil Corporation Ltd For Target Rs.120 - Yes Securities Ltd Our View IOCL’s 4QFY23 reported Ebitda at Rs 153.4bn (+30% YoY; +327% QoQ), stood above our and street estimates, primarily on stronger than estimated GRM at USD 15.3/bbl. However, adjusted (for inventory loss) core GRM as per our estimates stood at ~USD 19/bbl. The FY23 Ebitda as a result stood at Rs 226.5bn (-47.3% YoY), where strong refining margins of USD 19.5/bbl were offset by retailing loses in Petrol & Diesel, stemming from retail price freeze. During the quarter retail m...
Buy Indian Oil Corporation Ltd For Target Rs.120 - Yes Securities Ltd
Buy Indian Oil Corporation Ltd For Target Rs.120 - Yes Securities Ltd
Source: Yes Securities Ltd
27/05/2023 11:33:38 AM
Buy Indian Oil Corporation Ltd For Target Rs.105 - Motilal Oswal Financial Services * IOCL reported an EBITDA of INR143.5b (up 14% YoY), below our estimate of INR184b, led by weaker-than-expected marketing GM at INR3.3/lit. (v/s our estimate of INR4.5/lit). In the refining segment, throughput came in line with our estimate at 19.1mmt (up 5% YoY). * In the marketing segment, domestic sales volumes stood at 21.1mmt (our estimate of 20.5mmt v/s 21.1mmt in 3QFY22). Marketing GM stood at INR3.3/lit in 4QFY23. OMCs are estimated to be generating gross margins of INR9.1/INR11.6 ...
Buy Indian Oil Corporation Ltd For Target Rs.105 - Motilal Oswal Financial Services
Buy Indian Oil Corporation Ltd For Target Rs.105 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
17/05/2023 12:44:43 PM
Indian Oil Corporation gains on reporting 53% rise in Q4 consolidated net profit Indian Oil Corporation is currently trading at Rs. 87.80, up by 0.80 points or 0.92% from its previous closing of Rs. 87.00 on the BSE. The scrip opened at Rs. 87.80 and has touched a high and low of Rs. 88.61 and Rs. 87.50 respectively. So far 1854166 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.61 on 17-May-2023 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood...
Indian Oil Corporation gains on reporting 53% rise in Q4 consolidated net profit
Indian Oil Corporation gains on reporting 53% rise in Q4 consolidated net profit
Source: Accord Fintech
17/05/2023 12:08:14 PM
Indian Oil posts first profit increase in five quarters as crude prices cool Indian Oil Corp Ltd (IOC), the country's top refiner, reported its first rise in profit in five quarters on Tuesday, as cooling crude prices bolstered its refining margins, sending its shares to their highest in more than one year. The state-owned company's profit rose to 100.59 billion rupees ($1.23 billion) in the January-to-March quarter, from 60.22 billion rupees a year earlier. Analysts had, on average, expected profit to drop to 59.28 billion rupees, according to Refinitiv...
Indian Oil posts first profit increase in five quarters as crude prices cool
Indian Oil posts first profit increase in five quarters as crude prices cool
Source: Reuters
16/05/2023 3:06:13 PM
India`s Reliance sells diesel at cheaper rates than state retailers - dealers India's Reliance Industries Ltd, operator of the world's biggest refining complex, is selling diesel at a cheaper rate than state fuel retailers, several petrol pump dealers said on Tuesday, helping boost local sale of its fuel. The retail fuel joint venture of Reliance and BP is selling diesel at about 1 rupee a litre lower than that of state-run Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum, at least six dealers who operate fuel stations under the Jio-BP brand sa...
India`s Reliance sells diesel at cheaper rates than state retailers - dealers
India`s Reliance sells diesel at cheaper rates than state retailers - dealers
Source: Reuters
16/05/2023 3:02:32 PM
Indian Oil to recoup most dues from Go First through bank guarantees NEW DELHI - Indian Oil Corp will recoup $61.14 million of jet fuel sales to cash-strapped Go First by cashing in bank guarantees and is optimistic it will recover a further $6.11 million for unsecured sales made in the past few months, sources said. IOC, the country's largest fuel retailer, was the sole supplier of jet fuel to low-cost carrier Go First, which filed for bankruptcy protection on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about ha...
Indian Oil to recoup most dues from Go First through bank guarantees
Indian Oil to recoup most dues from Go First through bank guarantees
Source: Reuters
3/05/2023 7:55:23 PM
NPCIL-NTPC JV to build 4,200 MW of nuclear power project The Anushakti Vidhyut Nigam Limited, an atomic power joint venture between two power companies - Nuclear Power Corporation of India Ltd (NPCIL) and the NTPC Ltd - seems to be moving 13 years after the two signed an agreement but with a change. The two companies - NPCIL, a nuclear power major and NTPC, a thermal power major - amended their earlier joint venture agreement on Monday into a 50:50 partnership. As per the earlier agreement signed on 27.4.2010, the equity holding pattern in An...
NPCIL-NTPC JV to build 4,200 MW of nuclear power project
NPCIL-NTPC JV to build 4,200 MW of nuclear power project
Source: IANS
2/05/2023 2:09:51 PM
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation The Chief Executive Officer of Rosneft Oil Company, Igor Sechin, recently made an influential working trip to India, during which he met Indian government officials as well as executives from some of the country's largest oil and gas companies. During the trip, Rosneft Oil Company and Indian Oil Company signed a term agreement to substantially increase oil supplies as well diversify the grades to India. Igor Sechin, CEO of Rosneft Oil Company, and Shrikant Madhav Vaidya, Chairman of...
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation
Source: IANS
30/03/2023 9:26:06 AM
Russia`s Rosneft signs deal to boost oil supplies to India Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday. The deal was signed during a working trip to India by Rosneft CEO Igor Sechin, the company said. It did not reveal the details of the agreement. "The parties also discussed ways of expanding cooperation between Rosneft Oil Company and Indian companies in the e...
Russia`s Rosneft signs deal to boost oil supplies to India
Russia`s Rosneft signs deal to boost oil supplies to India
Source: Reuters
29/03/2023 4:25:30 PM
Tech Stars : Buy Indian Oil Corporation Ltd For Target Rs.87 - Religare Broking Indian Oil Corporation Limited TECHNICAL RATIONALE– IOC has been trading in a broader range of 65-85 levels for last one year, after the failed attempt to surpass the hurdle of previous swing high. It has formed a fresh base around the support zone of multiple moving averages and looks set to surpass the upper band of the range soon. Buy Indian Oil Corporation Limited CMP 80.40; Initiation Range 80-81; Stop Loss 77.5; Target 87   Lupin Limited TECHNICAL RATIONALE...
Tech Stars : Buy Indian Oil Corporation Ltd For Target Rs.87 - Religare Broking
Tech Stars : Buy Indian Oil Corporation Ltd For Target Rs.87 - Religare Broking
Source: Religare Broking Ltd
21/03/2023 11:00:55 AM
Stock Picks : Ultratech Cement Ltd and Indian Oil Corporation Ltd By ICICI Direct Ultratech Cement Ltd Buy Ultratech Cement Ltd @ 7245-7251 CMP 7289.95 Stop Loss7208.00 Target 7314.00   Indian Oil Corporation Ltd  Buy Indian Oil Corporation Ltd  @ 78.40-78.70 CMP 79.30 Stop Loss 77.70 Target 79.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registra...
Stock Picks : Ultratech Cement Ltd and Indian Oil Corporation Ltd By ICICI Direct
Stock Picks : Ultratech Cement Ltd and Indian Oil Corporation Ltd By ICICI Direct
Source: ICICI Direct
20/03/2023 10:57:29 AM
Indian Oil Corporation trades higher on the BSE Indian Oil Corporation is currently trading at Rs. 79.03, up by 0.33 points or 0.42% from its previous closing of Rs. 78.70 on the BSE. The scrip opened at Rs. 78.59 and has touched a high and low of Rs. 79.07 and Rs. 77.55 respectively. So far 386706 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood ...
Indian Oil Corporation trades higher on the BSE
Indian Oil Corporation trades higher on the BSE
Source: Accord Fintech
10/03/2023 12:20:58 PM
PM Narendra Modi wears jacket made of material recycled from plastic bottles  Prime Minister Narendra Modi on Wednesday wore a blue sleeveless jacket made of material recycled from plastic bottles. The Prime Minister was spotted wearing the jacket in the Parlaiment in the morning. The jacket was presented to the Prime Minister by Indian Oil Corporation Limited (IOCL) during India Energy Week in Bengaluru on Monday. The IOCL will recycle 100 million PET bottles annually to make fabric, in a push to decarbonise the economy. The process of making fabric ...
PM Narendra Modi wears jacket made of material recycled from plastic bottles
PM Narendra Modi wears jacket made of material recycled from plastic bottles
Source: IANS
8/02/2023 3:28:59 PM
Indian Oil to sign MOU with LanzaJet for sustainable aviation fuel BENGALURU - Indian Oil Corp will sign a memorandum of understanding with sustainable fuel tech provider LanzaJet to produce sustainable aviation fuel at its Panipat refinery in northern India, its chairman told Reuters on Monday. The company has a tie up with LanzaTech for converting waste gas to ethanol, and U.S.-based LanzaJet will be helping in upgrading ethanol to jet fuel. By 2030, 2% of aviation fuel will be sustainable aviation fuel, Chairman S. M. Vaidya told Reuters on the side...
Indian Oil to sign MOU with LanzaJet for sustainable aviation fuel
Indian Oil to sign MOU with LanzaJet for sustainable aviation fuel
Source: Reuters
6/02/2023 11:26:06 AM
Stock Picks : Indian Oil Corporation Ltd And Sun TV Network Ltd By ICICI Direct Indian Oil Corporation Ltd Buy Indian Oil Corporation Ltd @ 82.70-83.20 CMP 83.15 Stop Loss 81.90 Target 84.70   Sun TV Network Ltd. Buy Sun TV Network Ltd @ 474-476 CMP 83.15 Stop Loss 81.90 Target 467.30   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of...
Stock Picks : Indian Oil Corporation Ltd And Sun TV Network Ltd By ICICI Direct
Stock Picks : Indian Oil Corporation Ltd And Sun TV Network Ltd By ICICI Direct
Source: ICICI Direct
25/01/2023 10:36:59 AM
Weekly Tech Picks: UltraTech Cement Ltd, Indian Oil Corporation Ltd, NMDC Ltd, Nelcast Ltd By Axis Securities UltraTech Cement Ltd • The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias • The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments. • The stock has rebounded sharply from its earlier breakout zone of 6900 levels which remains a crucial support zone • The daily and weekly strength indicator RS...
Weekly Tech Picks: UltraTech Cement Ltd, Indian Oil Corporation Ltd, NMDC Ltd, Nelcast Ltd By Axis Securities
Weekly Tech Picks: UltraTech Cement Ltd, Indian Oil Corporation Ltd, NMDC Ltd, Nelcast Ltd By Axis Securities
Source: Axis Securities Ltd
16/01/2023 11:41:27 AM
Stock Picks : Maruti Suzuki Ltd And Indian Oil Corporation Ltd By ICICI Direct Maruti Suzuki Ltd Buy  Maruti Suzuki Ltd @ 8365-8376 CMP 8422.80 Stop Loss 8307.00 Target 8489.00   Indian Oil Corporation Ltd Buy Indian Oil Corporation Ltd @ 78.00-78.50 CMP 77.40 Stop Loss 8307.00 Target 79.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SE...
Stock Picks : Maruti Suzuki Ltd And Indian Oil Corporation Ltd By ICICI Direct
Stock Picks : Maruti Suzuki Ltd And Indian Oil Corporation Ltd By ICICI Direct
Source: ICICI Direct
5/01/2023 12:29:17 PM
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan` A CAG Audit observed that Indian Oil Corporation Limited (IOCL) incurred an overall additional cost of Rs 516.30 crore due to deviation of optimised logistics plan in case of transportation of MS/ HSD during the period 2014-15 to 2018-19 and Rs 132.55 crore in case of LPG during the period 2015-16 to 2018-19. The report said that Bharat Petroleum Corporation Limited reported lower expenditure compared to planned expenditure by Rs 43.69 crore due to variations from optimised logistics plan ...
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan`
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan`
Source: IANS
24/12/2022 10:35:27 AM
IOCL selects Reliance Jio managed network services for its retail outlets Jio has won Indian Oil Corporation Ltd (IOCL) order for providing SD-WAN (Software Defined Wide Area Network) solution that will power IOCL's retail automation and critical business processes, such as payment processing, daily price updates, Remote Desktop Protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24x7 support across 28 states and eight Union Territories. JioBusiness, the Enterprise arm of Reliance Jio Infocomm, will...
IOCL selects Reliance Jio managed network services for its retail outlets
IOCL selects Reliance Jio managed network services for its retail outlets
Source: IANS
22/12/2022 5:15:04 PM
Stock Picks - Buy Adani Ports and Special Economic Zone Ltd And Indian Oil Corporation Ltd Ltd By ICICI Direct Adani Ports and Special Economic Zone Ltd Buy Adani Ports and Special Economic Zone Ltd @ 880-884 CMP 892.85 Stop Loss 873.90 Target 894.80   Indian Oil Corporation Ltd Buy Indian Oil Corporation Ltd @ 77.40-78.00 CMP 77.95 Stop Loss 76.90 Target 79.20     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/...
Stock Picks - Buy Adani Ports and Special Economic Zone Ltd And Indian Oil Corporation Ltd Ltd By ICICI Direct
Stock Picks - Buy Adani Ports and Special Economic Zone Ltd And Indian Oil Corporation Ltd Ltd By ICICI Direct
Source: ICICI Direct Ltd
20/12/2022 10:22:00 AM
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari Addressing an event organised by the Society of Indian Automobile Manufacturers (SIAM), Union Road, Transport and Highways Minister Nitin Gadkari has said that the country needs to promote vehicles running on more than one fuel (flex-fuel vehicles) and e-vehicles to tide over the problems created by wide fluctuations in crude oil prices in the international market. The SIAM in New Delhi on Monday organised a technology demonstration conceptualised on adoption of ethanol and use of flex-fue...
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari
Source: IANS
13/12/2022 9:29:50 AM
Indian Oil Corporation inches up on planning to invest Rs 6 crore on upgradation of supply locations, aviation fuel station in Goa Indian Oil Corporation is currently trading at Rs. 77.05, up by 0.05 points or 0.06% from its previous closing of Rs. 77.00 on the BSE. The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 77.70 and Rs. 76.65 respectively. So far 766617 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood a...
Indian Oil Corporation inches up on planning to invest Rs 6 crore on upgradation of supply locations, aviation fuel station in Goa
Indian Oil Corporation inches up on planning to invest Rs 6 crore on upgradation of supply locations, aviation fuel station in Goa
Source: Accord Fintech
5/12/2022 12:30:40 PM
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities Adani Airport Holdings increases borrowing limit by Rs 2,500 crore The Adani Group has increased the borrowing limit of its airport arm — Adani Airport Holdings (AAHL) — from Rs 14,000 crore to Rs 16,500 crore to fund the expansion of its eight airports across the country AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It is also building Navi Mumbai airport, which is expected to start oper...
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Key Stock News: Adani Group, NTPC , Indian Oil Corporation , Policy Bazaar, Canara Bank, Ola Electric - ARETE Securities
Source: ARETE Securities Ltd
5/12/2022 9:39:30 AM
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end' The Central government is likely to seek stakeholders' comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. The committee, which the government had set up in September this year to review the gas pricing formula, to ensure fair prices to consumers, has recommended a cap of $4-$6.5 per mmBtu for gas produced from older fields by ONGC and Oil India, with cap rising ...
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
Source: IANS
3/12/2022 9:19:42 AM
Indian Oil Corporation surges on raising Rs 2500 crore through NCDs Indian Oil Corporation is currently trading at Rs. 74.95, up by 1.60 points or 2.18% from its previous closing of Rs. 73.35 on the BSE. The scrip opened at Rs. 73.40 and has touched a high and low of Rs. 75.60 and Rs. 73.40 respectively. So far 1409177 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood...
Indian Oil Corporation surges on raising Rs 2500 crore through NCDs
Indian Oil Corporation surges on raising Rs 2500 crore through NCDs
Source: Accord Fintech
28/11/2022 11:06:33 AM
India raises ethanol purchase prices for state-run fuel retailers India on Wednesday increased the rates at which state-run fuel retailers must buy sugarcane-based ethanol for blending by 3% to 6% effective from Dec. 1, as it tries to promote biofuel and cut imports of costly crude oil. The government said the higher prices would boost supplies of ethanol and help sugar companies to pay their dues to cane farmers. The new rates for ethanol derived from "C" heavy molasses will rise to 49.41 rupees per litre from 46.66 earlier. Rates for "...
India raises ethanol purchase prices for state-run fuel retailers
India raises ethanol purchase prices for state-run fuel retailers
Source: Reuters
2/11/2022 5:20:57 PM
Buy Indian Oil Corporation Ltd For Target Of Rs. 85 - Emkay Global Financial Services LPG subsidy restricts Q2 losses, GRMs better, valuations reasonable * IOCL reported Q2FY23 S/A adj. (ex-subsidy) EBITDA loss of Rs57.1bn vs. our loss est. of Rs86.8bn on better-than-expected GRMs. Adj. net loss stood at Rs82bn (vs. Rs107.9bn loss est). One-time LPG subsidy of Rs108bn led to reported net loss narrowing to Rs2.4bn. * Reported/core GRM was USD18.5/bbl each (vs. USD7.6/14.0 est.), implying surprisingly nil inventory loss. While marketing inventory loss is undisclosed, impli...
Buy Indian Oil Corporation Ltd For Target Of Rs. 85 - Emkay Global Financial Services
Buy Indian Oil Corporation Ltd For Target Of Rs. 85 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
1/11/2022 2:02:31 PM
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s A Rs 220 billion one time grant to the three oil marketing companies by the Centre would cover their losses on sales of domestic liquefied petroleum gas (LPG) they still incur losses on sale of petrol and diesel, said Moody's Investors Service on Monday. Last week, the Central government approved the grant to the Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) to cover losses on sales of domestic LPG ...
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s
Source: IANS
17/10/2022 1:42:42 PM
Indian Oil Corporation trades in green on getting approval for formation of WOS-FC Indian Oil Corporation is currently trading at Rs. 66.40, up by 0.45 points or 0.68% from its previous closing of Rs. 65.95 on the BSE. The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 66.50 and Rs. 65.50 respectively. So far 410895 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.50 on 09-Nov-2021 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood ...
Indian Oil Corporation trades in green on getting approval for formation of WOS-FC
Indian Oil Corporation trades in green on getting approval for formation of WOS-FC
Source: Accord Fintech
30/09/2022 11:12:23 AM
Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects Coal India Ltd (CIL) will be inking three major pacts on September 27 with BHEL, Indian Oil Corporation and GAIL India for setting up four surface coal gasification projects in the country. These pacts will help in facilitating setting up of coal-to-chemical projects through surface coal gasification route, official sources said. Through the surface coal gasification route, coal is converted into syngas that can be subsequently processed for downstream production of value added chemical...
Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects
Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects
Source: IANS
24/09/2022 9:05:23 AM
Indian Oil Corporation issues NCDs aggregating Rs 2500 cr Indian Oil Corporation has issued 25000, 7.14% Unsecured, Listed, Rated, Taxable, Redeemable, Non Convertible Debentures (Series - XXIV) of Rs.10,00,000 each aggregating to Rs. 2500 crore on Private Placement basis on 6 September 2022. 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, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary cours...
Indian Oil Corporation issues NCDs aggregating Rs 2500 cr
Indian Oil Corporation issues NCDs aggregating Rs 2500 cr
Source: Dion Global Services Ltd.
7/09/2022 2:58:29 PM
India`s top refiner to spend $25 billion for 2046 net-zero goal Indian Oil Corp, the country's top refiner, plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting on Thursday. India, one of the world's biggest greenhouse gas emitters, is aiming to reach net-zero emissions for the country by 2070. "The company is embarking on a decarbonisation journey that will be crucial not only for the company’s destiny but also for the planet...
India`s top refiner to spend $25 billion for 2046 net-zero goal
India`s top refiner to spend $25 billion for 2046 net-zero goal
Source: Reuters
25/08/2022 12:46:36 PM
Oil And Gas Sector Update: Record marketing losses offset record earnings reported by RIL and upstream players - ICICI Securities Q1FY23 review: Record marketing losses offset record earnings reported by RIL and upstream players Research Analysts:  Q1FY23 earnings for our oil & gas coverage universe saw a material hit from the sustained losses in fuel retailing by OMCs, which offsets an otherwise strong performance by RIL, upstream players and CGDs. Overall, operating earnings for the covered companies declined 5% YoY and net earnings slipped 28% YoY for the quarter (QoQ EBITDA decline of 26%, PAT dipped 48%...
Oil And Gas Sector Update: Record marketing losses offset record earnings reported by RIL and upstream players - ICICI Securities
Oil And Gas Sector Update: Record marketing losses offset record earnings reported by RIL and upstream players - ICICI Securities
Source: ICICI Securities Ltd
22/08/2022 9:54:40 AM
Buy Indian Oil Corporation Ltd For Target Of Rs. 115 - Yes Securities Earnings beat estimates on strong GRMs    Our View: IOCL’s 1QFY23 operating profit at Rs 17.6bn (?84% YoY; ?85% QoQ), stood ahead of our estimates primarily on stronger than estimated refining margins. IOCL’s GRM at USD 31.8/bbl, including an inventory gain of USD 6.5/bbl, stood ahead of our estimate of ~USD 24.5/bbl. However, the YoY & QoQ weakness in operating profitability was directionally in line with expectation, as deep losses in retailing of M...
Buy Indian Oil Corporation Ltd For Target Of Rs. 115 - Yes Securities
Buy Indian Oil Corporation Ltd For Target Of Rs. 115 - Yes Securities
Source: Yes Securities Ltd
1/08/2022 1:13:36 PM
Tullow Oil in talks with Indian groups over Kenyan project Executives from Tullow Oil held talks with India's ONGC Videsh Ltd in Nairobi this week as the London-based firm seeks a strategic investor for its onshore oil project in Kenya, the company said on Saturday. A senior official at Kenya's Ministry of Petroleum and Mines tweeted earlier this week that ministry officials had met the Indian High Commissioner to Kenya along with representatives of ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, and Indian Oil Corpor...
Tullow Oil in talks with Indian groups over Kenyan project
Tullow Oil in talks with Indian groups over Kenyan project
Source: Reuters
31/07/2022 9:55:37 AM
Indian Oil posts first loss in over 2 years as marketing margins fall Indian Oil Corp Ltd on Friday reported a quarterly net loss for the first time in more than two years, as the country's top refiner sold fuel at a discount in the domestic market while its costs jumped. Indian fuel retailers such as IOC, Hindustan Petroleum Corp and Bharat Petroleum Corp have not revised pump prices for months to insulate consumers from the global crude price surge, helping the government's efforts to mitigate the impact of inflation. State refiners have had to ...
Indian Oil posts first loss in over 2 years as marketing margins fall
Indian Oil posts first loss in over 2 years as marketing margins fall
Source: Reuters
29/07/2022 4:34:01 PM
NTPC surges on inking agreement with Indian Oil for formation of joint venture company NTPC is currently trading at Rs. 150.10, up by 0.25 points or 0.17% from its previous closing of Rs. 149.85 on the BSE. The scrip opened at Rs. 149.50 and has touched a high and low of Rs. 150.85 and Rs. 149.25 respectively. So far 259643 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.30 on 19-Apr-2022 and a 52 week low of Rs. 111.95 on 26-Aug-2021. Last one week high and low of the scrip stood at Rs. 151....
NTPC surges on inking agreement with Indian Oil for formation of joint venture company
NTPC surges on inking agreement with Indian Oil for formation of joint venture company
Source: Accord Fintech
19/07/2022 3:09:06 PM
Hold Indian Oil Corporation Ltd For Target Rs.85 - ICICI Direct Turns ex-bonus today… About the stock: Indian Oil Corporation (IOC) is India’s largest refining & marketing company with an installed refining capacity of ~70 MMT. * IOC operates 32062 retail outlets as of end of FY21 * Petrol and diesel together historically constitute ~52% of marketing sales   IOC turns ex-bonus today: * The company had made an announcement regarding bonus issue on May 17. Issue of bonus shares is in the ratio of 1:2 i.e. one new bonu...
Hold Indian Oil Corporation Ltd For Target Rs.85 - ICICI Direct
Hold Indian Oil Corporation Ltd For Target Rs.85 - ICICI Direct
Source: ICICI Direct
1/07/2022 11:47:04 AM
IOC climbs on getting nod for capacity expansion of Digboi Refinery in Assam Indian Oil Corporation is currently trading at Rs. 75.30, up by 2.10 points or 2.87% from its previous closing of Rs. 73.20 on the BSE. The scrip opened at Rs. 74.20 and has touched a high and low of Rs. 75.90 and Rs. 73.75 respectively. So far 1217817 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.55 on 09-Nov-2021 and a 52 week low of Rs. 67.77 on 20-Jun-2022. Last one week high and low of the scrip stood...
IOC climbs on getting nod for capacity expansion of Digboi Refinery in Assam
IOC climbs on getting nod for capacity expansion of Digboi Refinery in Assam
Source: Accord Fintech
30/06/2022 10:23:44 AM
Indian Oil Corporation gains on unveiling indoor solar cooking stove Indian Oil Corporation is currently trading at Rs. 106.90, up by 1.30 points or 1.23% from its previous closing of Rs. 105.60 on the BSE. The scrip opened at Rs. 105.65 and has touched a high and low of Rs. 107.20 and Rs. 105.15 respectively. So far 272009 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.75 on 09-Nov-2021 and a 52 week low of Rs. 101.60 on 20-Jun-2022. Last one week high and low of the scrip...
Indian Oil Corporation gains on unveiling indoor solar cooking stove
Indian Oil Corporation gains on unveiling indoor solar cooking stove
Source: Accord Fintech
23/06/2022 11:28:10 AM