We have achieved quite a lot in terms of the LPG business: B Ashok, Chairman, IOC"The oil and gas business is highly volatile and our belief from Indian Oil is that, I mean if you have an integrated company, naturally it...
Merged PSU energy giant to have global edge: B Ashok, IOC ChairmanIn 2005, an official panel had advised against the merger of the state run oil cos, saying a dominant entity may not be good for competitio...
Cashless transactions at IOC pumps doubled: Chairman B AshokCashless is happening smoothly. We are conscious of the fact (the financial implication) but we have all options open.
IOC plans to double refining capacity by 2030IOC will expand its refining capacity to 104.55 million tonnes by 2022 from the current 80.7 million tonnes with an investment of about Rs ...
IOC shares spurt 10% on strong Q3 resultsNet profit in October-December period of this fiscal came in at Rs 3,056.86 crore against a net loss of Rs 2,636.80 crore, IOC Chairman B A...
Automation of fuel pumps to ensure transparency: Ashok, IOC ChairmanAshok said consumers will enormously be benefited with the introduction of hundred per cent automation at its petrol pumps.
Volatility in global crude prices impacting us from quarter to quarter: B Ashok, IOC"In terms of physical performance, our refinery throughputs have improved substantially"
Sound performance and inventory gains helped Indian Oil Corp: B AshokIOC had inventory gains during the first quarter of around Rs 3,000 crores. The fundamentals of business will have been good on the ground.
IOC net profit jumps 2.5 fold to Rs 6,436 croreIndian Oil Corp, the nation's biggest oil firm, reported more than doubling of June quarter net profit to Rs 6,436 crore on higher refining...
Government sends executives, engineers of state energy companies like IOC to quake-hit NepalNepal gets all its petro products from India under a govt-to-govt dispensation. Indian Oil supplies more than a million tonne of various fu...
No proposal to merge with IOCL as of now: Chennai Petroleum Corporation LtdIOC Chairman said that among various options being examined for improving the performance of CPCL, merger with IOCL was also being evaluate...
Indian Oil Corporation's Paradip Refinery to be commissioned from March 2015India's largest refiner and oil marketing company Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery wil...
IOC plans to automate 7,500 retail outlets in 2014-15Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today inaugurated the automation facility simultaneously.
Petrol price to be cut by Rs 1.89-2.38/litre from August 15Oil minister Dharmendra Pradhan on Wednesday tweeted about the change in pump prices "in the range of Rs 1.89-2.38" per litre.
Petrol price likely to be cut on Independence DayFor diesel, government had in Jan 2013 decided to eliminate the subsidy in stages through monthly increases in prices by up to 50 paise per...
PMO seeks Dharmendra Pradhan views on appointment of B Ashok as IOCAshok's appointment file was pending in the PMO since last month and last week PMO wrote to Pradhan seeking his comments.
Indian Oil Corporation's chairman appointment delayedThe current incumbent R S Butola retires at month-end and his successor in B Ashok was selected by government head-hunters PESB in October ...