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companies name

Indian Oil Corporation (IndianOil)

Indian Oil Corporation Limited (IOCL), commonly known as IndianOil is a government-owned oil and gas company headquartered in New Delhi. It is a Maharatna PSU under the Ministry of Petroleum and Natural Gas (MoPNG). IndianOil is the largest commercial oil company in the country. It is ranked 1st in Fortune India 500 list for the year 2016 and 117th in Fortune Global 500 list of world's largest companies in the year 2019. It is India's largest downstream oil company, with a workforce of more than 33,000 employees, a turnover of Rs 506,428 crore and a net profit of Rs 21,346 crore in 2017–18.

IndianOil's business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals.

Indian Oil Corporation (IndianOil) News

Indian Oil becomes India's 1st PSU to receive 'Global Healthy Workplace Award'

Indian Oil Corporation Limited (IOCL) has emerged as the first Indian PSU to win the Global Healthy Workplace Award 2021 in the 'Large Scale Industry’ category ....

Indian Oil acquires 4.93 percent stake in Indian Gas Exchange (IGX)

Indian Oil Corporation (IOC) has joined Indian Energy Exchange’s (IEX) Indian Gas Exchange (IGX) as a strategic investor after acquiring 4.93 percent stake....

CGD bidding 11th Round: Indian Oil bags 33% market potential, to invest Rs 7,000 cr

Indian Oil is planning to invest over Rs 7,000 crore in city gas distribution (CGD) Projects as it has secured nearly 33 percent of the demand potential in the recently concluded 11th round of CGD bidding PNGRB....

As SERVO turns 50, Indian Oil launches SERVO Futura NXT 0W-16 lubricant

Indian Oil launches SERVO Futura NXT 0W-16, high-performance gas engine oil for new generation cars, to mark golden jubilee of India’s homegrown No 1 lubricant brand....

CSR: Indian Oil fuels National TB elimination program in UP & Punjab

Under the Indian Oil’s CSR program key objective will be to screen and test the entire population of UP and Punjab under the National TB elimination Program (NTEP)....

DS Nanaware assumes charge as Director (Pipelines) of Indian Oil

DS Nanaware has assumed charge as Director (Pipelines) of Indian Oil Corporation Limited (IOCL) with effect from December 28....

DS Nanaware appointed as Director (Pipelines) of Indian Oil

The Appointments Committee of the Cabinet (ACC) has approved the appointment of DS Nanaware to the post of Director (Pipelines) of Indian Oil....

High-level committee begins inquiry into Indian Oil’s Haldia Refinery fire incident

A high-level committee from Delhi has arrived at Indian Oil Corporation’s (IOC) Haldia Refinery to enquire into the cause of the fire incident, said Indian Oil....

IOC Board okays investment plan to set up new crude oil pipeline from Mundra to Panipat

The Board of Directors of Indian Oil Corporation (IOC) has approved a Rs 9,028-crore investment proposal for a new crude oil pipeline from Mundra to Panipat....

3 dead, 44 injured in fire incident at Indian Oil’s Haldia Refinery

Three people have died and 44 have sustained burn injuries in a fire reported at Indian Oil Corporation’s (IOC) Haldia Refinery....

IOC gets approval from Board to acquire 4.93% stake in Indian Gas Exchange (IGX)

Indian Oil Corporation (IOC) has received a nod from its Board of Directors for the acquisition of 4.93 percent stake in Indian Gas Exchange (IGX)....

Anant Kumar Singh (IPS) gets additional charge as CVO of Oil India

Anant Kumar Singh (IPS), who is currently serving as Chief Vigilance Officer (CVO) of Indian Oil, has been given additional charge as CVO of Oil India Limited (OIL)....

Oil PSUs spent Rs 5,582.34 crore under CSR, Rameswar Teli tells House

Public Sector Undertakings (PSUs) that come under the Ministry of Petroleum & Natural Gas (MoPNG) have spent Rs 5,582.34 crore under CSR during the last three years....

Indian Oil's Chairman SM Vaidya is new President of World LPG Association

Indian Oil Corporation Limited’s (IOCL) Chairman SM Vaidya has been appointed as Chairman of the World LPG Association....

Indian Oil warns against fake dealership certificate; says beware of this fraud

Indian Oil Corporation of India (IOCL) on Monday asked people not to fall prey to fraudsters issuing fake dealership certificates....

IOC, HPCL, BPCL to benchmark standards, rate retail outlets after strict evaluation

Indian Oil, BPCL and HPCL have announced the launch of the Model Retail Outlet Scheme and a Digital Customer Feedback Programme, called Darpan@petrolpump....

Indian Oil announces the appointment of 6 Independent Directors on its Board

The Board of Directors of India Oil have approved the appointments of six Independent Directors on its Board with effect from November 24, 2021....

Indian Oil gets 'Rashtriya Khel Protsahan Puruskar' for encouraging sports

Indian Oil has been given 'Rashtriya Khel Protsahan Purskar' for the year 2021, for encouragement to sports through corporate social responsibility (CSR)....

Indian Oil signs MoU with NTPC for generation, storage of RE for captive use

Indian Oil and NTPC Limited have signed an MoU to collaborate in the field of renewable energy (RE) and mutually explore opportunities for the supply of low carbon/RE RTC captive power....

Indian Oil to install EV charging facilities at 10,000 fuel stations

Maharatna PSU Indian Oil's proposed EV Charging Network at 10,000 Fuel Stations will facilitate an uninterrupted driving experience for EV users and boost the country's EV manufacturing ecosystem....

Indian Oil rolls out green fuel ‘XtraGreen’ at 126 fuel stations

Indian Oil has rolled out the cleaner and greener diesel XtraGreen to 126 fuel stations across 63 cities in the country and also launched IndianOil's fuel gift card, One4U....

Indian Oil to set up India’s first mega-scale Maleic Anhydride Plant at Panipat

The Board of Directors of Indian Oil have greenlighted the setting up of India’s first mega-scale Maleic Anhydride Plant to manufacture value-added chemical products at its Panipat Refinery and Petroleum Complex (PRPC)....

Indian Oil posts 51% jump in net profit in H1 FY22, declares interim dividend of Rs 5

Indian Oil Corporation (IOC) has reported a 51 percent increase in net profit in H1 of FY22 (April-September period) at Rs 12,301 crore....

PESB picks Sujoy Choudhury as IOC's Director (Planning & Business Development)

The Public Enterprises Selection Board (PESB) has recommended Sujoy Choudhury for the post of Director (Planning & Business Development) of Indian Oil Corporation (IOC)....

V Satish Kumar takes over as Director (Marketing) of Indian Oil

V Satish Kumar has taken charge as Director (Marketing) of Indian Oil Corporation Limited (IOCL) on Thursday....

Who are frontrunners for IOC’s Director (Planning and Business Development) post?

Sources have said that the last lap of the race for IOC's Director (Planning and Business Development) is going to be a neck-to-neck contest between all the shortlisted candidates....

Satish Kumar Vaduguri appointed as Director (Marketing) of Indian Oil

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Satish Kumar Vadugurias Director (Marketing) of Indian Oil Corporation Limited....

PSU, private oil refiners may come together to seek cheaper crude oil import deals

India is considering forming a group of PSU and private oil refiners to seek better crude oil import deals, Petroleum Secretary Tarun Kapoor has said....

Who could be Indian Oil Corp’s (IOC) next Director (Planning & Business Development)?

The PESB has shortlisted eight candidates for the post of Indian Oil Corp’s (IOC) Director (Planning and Business Development), a document accessed by PSU Watch shows....

Sukla Mistry is going to be Indian Oil's (IOC) first woman Director (Refineries)

In an interview held on Wednesday, the PESB panel has recommended the name of Sukla Mistry for the post of Director (Refineries) of Indian Oil Corporation (IOC)....

Who will be Indian Oil Corp’s (IOC) next Director (Refineries)?

There are three candidates out of a total of eight who are said to be frontrunners for Indian Oil Corporation’s Director (Refineries) post, said sources....

Indian Oil CSR: Sports coaching program extended to 17 prisons in 10 states

Indian Oil has launched 2nd phase of CSR initiative 'Parivartan' under which the sports coaching program has been extended to 17 prisons in ten states across India and over 1,000 inmates to undergo sports coaching....

Ethanol blending: Govt doubles incentive on sugar diverted for ethanol production

To encourage sugar mills to divert excess sugar for the production of ethanol, the government has announced the doubling of incentive on sugar sacrificed for producing ethanol....

DS Nanaware set to be Director (Pipelines) of India Oil

DS Nanaware, who is currently serving as Executive Director of Indian Oil, has been selected for the post of Director (Pipelines) of the company....

Oil India organises study visit of school students to Oil Well

Around 80 students from Oil India Higher Secondary School, Duliajan visited the site on Monday and showed keen interest in the process of production of hydrocarbon....

19 people injured in furnace blow-up at Indian Oil’s Barauni Refinery

Nineteen people have sustained injuries during an incident of a furnace blow-up that took place at Indian Oil’s Barauni Refinery in Bihar at around 10.30 am....

Indian Oil and Google Pay partner to make fuel refills rewarding

Indian Oil and Google Pay have announced a collaboration to make fueling more rewarding for Indian Oil and Google Pay customers....

India looks to produce Hydrogen from coal, forms task force to oversee programme

Keen on creating a Hydrogen-based economy to meet the twin goals of energy security and energy transition, India is now looking to produce Brown Hydrogen from coal....

Indian Oil launches SERVO Greenmile and SERVO Raftaar lubricants

To help reduce emissions, improve performance and provide longer drain potential Indian Oil has launched SERVO Greenmile and SERVO Raftaar lubricants specifically designed for BS-VI vehicles....

Arvind Kumar assumes charge as CPCL MD

Indian Oil group company, Chennai Petroleum Corporation Ltd (CPCL) announced that the company's Executive Director (Refineries) Arvind Kumar assumed charge as CPCL MD on Friday....

ACC clears appointment of Arvind Kumar as MD of CPCL

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Arvind Kumar as Managing Director (MD) of Chennai Petroleum Corporation Limited (CPCL)....

Naveen Patnaik lays foundation stone for SDI’s permanent campus & ICT-IOC Bhubaneswar’s campus

Indian Oil had earlier pledged Rs 255 crore and now contributed Rs 80 crore more for Skill Development Institute’s (SDI) permanent campus and ICT-IOC Bhubaneswar’s upcoming campus....

Indian Oil & CRIS sign agreement for digital integration to monitor rake movement

Indian Oil has signed an agreement with the Centre for Railway Information System (CRIS) for digital integration with end-to-end visibility of petroleum products and LPG rakes....

Indian Oil launches 'Parivartan' initiative to give sports coaching to prison inmates

Indian Oil has launched a unique initiative ‘Parivartan,’ under which sports coaching will be given to the prison inmates at select prisons across the country....

Indian Oil is looking to hire 480 candidates for apprenticeship; click for details

Indian Oil has released a job notification for the recruitment of Technical & Non-Technical Trade Apprentice. Eligible and interested candidates can apply for the job before August 28....

PM launches Ujjwala 2.0 in UP's Mahoba, dedicates 9 TPD CBG plant to nation

On the occasion of World Bio-Fuel Day, a number of important initiatives in the energy sector were launched and unveiled as PM Narendra Modi launched Ujjwala 2.0 in Mahoba, Uttar Pradesh....

Indian Oil launches app-based doorstep diesel delivery

Indian Oil has tied up with app-based doorstep diesel delivery services provider Humsafar India and Okara Fuelogics and has started providing such services in Mumbai and adjoining areas....

Indian Oil extends 'missed call for new LPG connection' pan India

Indian Oil has extended its missed call facility for availing new LPG connection PAN India; existing customers can book LPG refill by giving a missed call from registered phone number....

PM Modi to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh

Similar to the launch of Ujjwala 1.0 in 2016 ahead of the Uttar Pradesh election from Balia (UP), PM Modi is going to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh on August 10....

India’s refining capacity: OMCs to invest Rs 2 lakh cr by 2025 on expansion

Public sector oil marketing companies (OMCs) have plans to invest Rs 2 lakh crore on expanding India’s oil refining capacity by around 20 percent by 2025....

Satish Kumar Vaduguri set to be next Director (Marketing) of Indian Oil

Satish Kumar Vaduguri, who is currently serving as Executive Director of Indian Oil, has been recommended for the post of Director (Marketing) of the company....

OIL announces 115 vacancies for Contractual Asst & others roles; details here

Oil India Limited (OIL) has announced 155 vacancies for the engagement of Contractual Assistant in various trades. Eligible candidates can apply for the job before August 13....

Odisha govt approves ethanol plants, RE projects & other projects worth Rs 2,084 cr

At a meeting, State Level Single Window Clearance Authority of the government of Odisha has approved seven industrial projects, including three grain-based ethanol plants, worth Rs 2,083.88 crore....

Indian Oil Petronas Pvt Ltd to venture into gas transportation, fuel retailing biz: SM Vaidya

Indian Oil Petronas Pvt Ltd (IPPL) is now set to enter into natural gas transportation and fuel retailing business as Indian Oil’s Board of Directors has approved a diversification plan....

Indian Oil Q1 results: Net profit falls 32% q-o-q due to dip in fuel demand, other income

In Q1 of FY22 (2021-22), during which India witnessed a second wave of COVID-19 infections, Indian Oil reported a 32% decline in net profit q-o-q at Rs 5,941 crore....

Indian Oil to build India's first green hydrogen plant at Mathura refinery

Indian Oil on Friday announced that it will build the nation's first 'Green Hydrogen' plant at its Mathura refinery in Uttar Pradesh....

Now pay for fuel through ICICI Bank FASTag at Indian Oil fuel stations

Indian Oil and ICICI Bank have joined hands to provide enhanced contact-less and cashless fuelling experience at Indian Oil forecourts....

COVID-19: Indian Oil’s Northern Regional Office employs AI-Powered Entry Station

Indian Oil’s Northern Regional Office has employed an AI-Powered Safe Entry Station for COVID19 Screening for all its employees towards their safety from the pandemic ....

Indian Oil board accords Stage-I approval for India's first-ever Styrene project

Indian Oil on Wednesday said that it has accorded 'Stage-1' approval for implementation of India's first-ever Styrene Monomer Project at an estimated cost of Rs 4,495 crore ....

Petrol prices touch Rs 102.58/litre in Mumbai, Rs 104.59/litre in Bhopal

As another hike was rolled out by oil marketing companies (OMCs) on Monday, petrol prices reached Rs 102.58 per litre and diesel touched Rs 94.70 per litre in Mumbai ....

LPG Cylinder Portability: Now choose the LPG cylinder distributor you want

Ministry of Petroleum & Natural Gas soon going to allow LPG Cylinder Booking Portability in India. In a first, the scheme will be run as a pilot project in select cities ....

COVID-19: Indian Oil Northern Regional runs mission vaccination at workplace

Indian Oil is taking mission vaccination forward against COVID-19 to safeguard frontline workforce for ensuring uninterrupted fuel supplies to all the citizens ....

Indian Oil signs MoU with Gujarat govt for setting up various projects

As part of MoU signed between Indian Oil and Govt of Gujarat Indian Oil’s Gujarat Refinery will be implementing India’s first Hydrogen Dispensing Facility as a clean fuel initiative ....

PM launches E-100 project in Pune to set up network for production, distribution of ethanol

Prime Minister Narendra Modi has launched an ambitious ethanol E-100 pilot project in Pune on Saturday to mark the World Environment Day ....

Govt advances ethanol blending target; OMCs to sell 20% blended petrol from April 2023

Advancing the target for achieving 20 percent ethanol blending by two years, the govt has said that all oil companies will sell ethanol-blended petrol starting April 1, 2023 ....

SATAT scheme: Oil, gas PSUs sign cooperation pact to develop CBG marketing network

State-run oil and gas majorshave signed a cooperation agreement on Tuesday to develop a strong marketing network for selling CBG under the SATAT scheme ....

Fuel prices: Petrol in Mumbai costs twice as much as in New York

Breaching the Rs 100-a-litre mark for the first time ever, petrol prices in Mumbai are among the costliest in the country and twice as much as in New York, said a report ....

Cyclone Yaas: Here is Oil & Gas industry's action plan to mitigate the impact

Oil & Gas industry is gearing up to mitigate the impact of cyclone Yaas which is now likely to make landfall at north Odisha - West Bengal coast between Paradip and Sagar Island on Wednesday evening ....

Delivered: Liquid medical oxygen from Singapore sourced by Indian Oil unloaded in Vizag

Indian Oil unloaded a consignment of 11 ISO tanks filled with liquid medical oxygen (LMO), carried from Singapore by INS Jalashwa, an Indian Navy vessel at Vishakhapatnam Port on May 23 ....

Indian Oil begins first-ever factory-fill supply of XP100 to FIAT India

FIAT has technically approved XP100, India’s first 100 Octane petrol from Indian Oil, as the fuel for first-fill application for all models of petrol cars and will be the substitute the imported grade of petrol ....

Indian Oil operating its refineries at 84%, down from 96.1% in April: CMD

Indian Oil Corporation (IOC) is operating its refineries at 84 percent of their capacity as on May 17, IOC CMD SM Vaidya said ....

IOC Results 2021: Indian Oil posts highest-ever net profit of Rs 21,836 cr in FY21

In a year marred by the COVID-19 pandemic, Indian Oil Corporation (IOC) has posted its highest-ever net profit of Rs 21,836 crore ....

Covid-19: Indian Oil diverts its high-purity oxygen to the hospitals

Indian Oil has diverted the high-purity oxygen used in its mono ethylene glycol (MEG) Unit to produce medical-grade liquid oxygen at the Panipat Refinery & Petrochemical Complex to the hospitals ....

Rising PSUs: Oil & Gas PSUs setting up 100 PSA medical Oxygen generation plants

Oil and Gas Public Sector Undertakings (PSUs) are setting up about 100 PSA medical Oxygen generation plants in public health facilities across the country using theirs CSR funds ....

Oil & Gas PSUs will spend about Rs 100 cr for redevelopment of Badrinath Dham

Oil & Gas PSUs namely Indian Oil, BPCL, HPCL, ONGC & GAIL have signed MoUs with Shri Badrinath Utthan Charitable Trust for the construction and redevelopment of Shri Badrinath Dham as a spiritual smart hill town ....

Indian Oil renews 'Karma Yogi Swasthya Bima Yojana'; know here what it is

Indian Oil has renewed 'Karma Yogi Swasthya Bima Yojana'; the medical insurance policy for its frontline works and continued to provide ex-gratia assistance to the family of deceased launched at the beginning of the pandemic     ....

PNGRB extends bid submission date for JNPT-Navi Mumbai ATF pipeline for 2nd time

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai Airport for a second time ....

Pradhan flags off 1st supply of UCO-based biodiesel from Indian Oil’s Tikrikalan Terminal

Pradhan appreciated the proactive role played by OMCs in this direction and shared that 30 LOIs have already been issued for UCO-based biodiesel ....

COVID: In India, PSUs are leading the charge against #OxygenShortage from the front

As India faces an acute shortage of oxygen in fighting the 2nd wave of COVID-19 infections, PSUs are leading the charge from the front to address the crisis ....

COVID: IOC to convert 29 of its LNG tankers into Oxygen carriers within a week

Indian Oil Corporation (IOC) is converting 29 LNG tankers in its fleet into medical-grade Oxygen carriers in order to address the issue of last-mile delivery of Oxygen ....

COVID-19: IOC, BPCL refineries divert oxygen, gear up to ramp up supplies to hospitals

State-run fuel retailers have maximised the production of Oxygen by reducing their own demand and are planning to ramp up supplies further for COVID-19 hospitals ....

COVID-19: Govt summons oil PSUs into service, asks them to set up oxygen plants in hospitals

The government has summoned its oil PSUs into service and has asked them to set up medical oxygen plants in hospitals across 93 locations in India ....

ONGC misses capex target; OIL, IOC, HPCL, BPCL exceed budgeted spending for FY21

ONGC missed its capex target for FY21 by one-fifth, while other downstream oil and gas companies, IOC, HPCL and BPCL exceeded the targeted spending ....

COVID-19: Indian Oil supplies oxygen to hospitals in Delhi, Haryana and Punjab free of cost

Indian Oil has begun the supply of 150 metric tonnes (MT) of Oxygen to various hospitals in Delhi, Haryana and Punjab for COVID-19 patients free of cost ....

Oil & gas PSUs to set up 7-8 Green Hydrogen pilot plants by 2021-end: Petroleum Secretary

The Petroleum Ministry has asked its oil and gas PSUs to set up seven to eight Green Hydrogen pilot plants by the end of 2021, said Secretary Tarun Kapoor ....

PNGRB invites EoI for capacity booking in Palwal-Jewar Airport ATF pipeline

The PNGRB has invited EoIs from entities for capacity booking in the 2.5-MTPA Palwal-Jewar Airport common carrier ATF pipeline ....

Indian refiners IOC, HPCL, BPCL to cut crude oil import from Saudi by 36%

In the backdrop of an escalation in tension between India & Saudi Arabia, refiners IOC, HPCL and BPCL have decided to cut crude oil import from Saudi by 36% ....

Cost of LPG cylinder will be reduced by Rs 10 per cylinder from April 1: OMCs

The state-run oil marketing companies (OMCs) will reduce the price of domestic LPG cylinder by Rs 10 per cylinder from April 1 ....

Indian Oil invites job applications for Director (Pipelines); apply before May 17

Indian Oil has posted a job vacancy for the post of Director (Pipelines). Eligible and interested candidates can apply for the job before May 17 ....

BHEL to set up Sulphur Recovery Unit at Paradip Refinery

BHEL has bagged an order valued at over Rs 400 crore for setting up a 525 TPD Sulphur Recovery Unit at Indian Oil’s Paradip Refinery ....

SAIL Chief Soma Mondal is new Chairman of SCOPE & IREDA CMD PK Das is Vice Chairman

SAIL Chairperson Soma Mondal has been elected as new Chairman of SCOPE, while IREDA CMD PK Das has been elected as Vice Chairman in SCOPE's Biennial Elections 2021-23 ....

President visits Indian Oil Foundation Trust Interpretation Centre at Konark

The President of India Ram Nath Kovind on Monday visited the Indian Oil Foundation (IOF) Trust Interpretation Centre at Konark ....

Indian Oil and Israel’s Phinergy form JV to boost India’s e-mobility aspirations

Indian Oil has entered into a collaboration with Israel’s Phinergy for manufacturing Aluminum-Air systems, developing fuel cells & indigenous hydrogen storage solutions ....

PSU Dividends: Indian Oil, GAIL and PFC declare second interim dividend for FY21

Indian Oil, GAIL and PFC has declared the second interim dividend of Rs 3 per share, Rs 2.5 per share and Rs 8 per share respectively for the Financial Year 2020-21 ....

Indian Oil extends its cold chain equipment to help India’s COVID vaccination drive

Indian Oil has leveraged its expertise and reach to bolster India's COVID-19 vaccination programme by supplementing the available cold chain equipment (CCE) infrastructure in the four states ....

India’s overall LPG coverage crosses 99%, say OMCs

The penetration of LPG in India has improved from 55 percent in 2014 to more than 99 percent as on March 10, said state-run Indian Oil and BPCL ....

PSU asset monetisation will create paradigm shift in infra augmentation: Sitharaman

Finance Minister Nirmala Sitharaman said that the PSU asset monetisation plan is aimed at creating a paradigm shift in infrastructure augmentation and maintenance ....

Indian Oil & IDCO jointly to set up Paradip Plastic Park in Odisha

Indian Oil and Odisha Industrial Infrastructure Development Corporation (IDCO) have signed an agreement and an MoU to develop Paradip Plastic Park in Odisha ....

Indian Oil awards consultancy for Panipat Refinery expansion project to EIL

Indian Oil Corporation (IOC) has awarded the consultancy and management contract for the Panipat Refinery Expansion project to EIL ....

PNGRB extends bid submission deadline for JNPT-Navi Mumbai ATF pipeline

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai International Airport ....

After 3-day hiatus, petrol, diesel prices rise again. Here are the new rates

After a three-day hiatus, petrol and diesel prices in the country again scaled unprecedented heights on Saturday as retail prices rose by 24 paise for petrol and 15 paise for diesel ....

IOC Board okays Rs 33,000-cr Panipat Refinery expansion; project to be completed by Sep ’24

The Board of Directors of Indian Oil Corporation (IOC) has accorded its approval to Panipat Refinery expansion plan, said Indian Oil ....

Pradhan seeking 175 acres of land for Haldia Refinery expansion; writes to fellow ministers

Dharmendra Pradhan has written a letter to Union Minister DV Sadanand Gowda and Mansukh Mandaviya seeking their personal intervention in leasing out 175 acres of land for undertaking expansion work for Indian Oil’s Haldia refinery ....

LPG cylinder prices hiked by Rs 25, one cylinder to cost Rs 794 in Delhi

In a price notification, state-run oil marketing companies (OMCs) have conveyed that cooking gas LPG price has been hiked by Rs 25 per cylinder across categories ....

PM inaugurates oil & gas projects and Engineering Colleges in Assam

PM has dedicated INDMAX Unit at Indian Oil’s Bongaigaon Refinery, Oil India Limited's Secondary Tank Farm at Madhuban, Dibrugarh and a Gas Compressor Station at Hebeda Village, Makum, Tinsukia remotely from Dhemaji in Assam on Monday ....

Indian Oil & Norway's Greenstat to set up Centre of Excellence on Hydrogen

Indian Oil and Greenstat Hydrogen have signed a “Statement of Intent” for setting up a Centre of Excellence on Hydrogen ....

The image showing 'Indian Oil sold to Adani Gas' is fake

PSU Watch on its WhatsApp group has received an image with readers' query on whether Indian Oil has been or is being sold to Adani? We verified the claim and found it fake ....

Petrol crosses Rs 100-mark; PM says our govt is sensitive to the concerns of the middle class

While dedicating and laying the foundation of key projects of the oil and gas sector in Tamil Nadu PM Modi said his government is sensitive towards concerns of the middle class. The petrol prices have crossed Rs 100 per litre mark touching historic high the same day ....

Arup Sinha assumes charge as ED, Regional Services of Indian Oil (Northern Region)

Arup Sinha has taken over as the Executive Director (Regional Services) for Indian Oil, Northern Region which comprises the states of Delhi, Haryana, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, UT of J&K, Ladakh and Chandigarh ....

Gas pipeline, BS-VI refinery among key energy projects that PM will inauguarate in TN on Feb 17

PM Modi will inaugurate IOC's Ramanathapuram–Thoothukudi natural gas pipeline, gasoline desulfurisation unit at CPCL and will lay the foundation stone of a BS-VI refinery at Nagapattinam in Tamil Nadu on Feb 17 ....

Indian Oil invites job applications for Director (Refineries); click to know more

Indian Oil has posted a job vacancy for the engagement of Director (Refineries). Eligible and interested candidates can apply for the job before April 5 ....

PM inaugurates Dobhi–Durgapur gas pipeline, LPG import terminal in West Bengal

Prime Minister Narendra Modi dedicated to the nation an LPG import terminal and 348-km Dobhi–Durgapur Natural Gas Pipeline section, which is part of the Pradhan Mantri Urja Ganga project ....

Indian Oil may look at InvIT model for monetisation of pipelines: Director Finance

Indian Oil’s Director (Finance) Sandeep Kumar Gupta has said that the company may look at the InvIT model for the monetisation of its pipelines ....

Govt to set up independent operator for common carrier gas pipelines, add 100 districts to CGD network

The government has announced its plan to set up an independent gas transport system operator for common carrier capacity in all-natural gas pipelines ....

Indian Oil board approves setting up of new 9 MTPA greenfield refinery in Tamil Nadu

The Board of Directors of state-run Indian Oil Corporation (IOC) has approved the setting up of a new refinery in Nagapattinam in Tamil Nadu ....

FY21: Indian Oil posts over two-fold rise in profit in Q3 & April-Dec period on inventory gains

Due to higher inventory gain and higher petrochemical margin during Q3, Indian Oil has posted an over two-fold rise in net profit ....

Indian Oil raises Rs 1,290 crore in debt

Indian Oil Corporation Ltd (IOC) said that it has raised Rs 1,290.20 crore in debt to refinance existing borrowings and meet business expenses ....

Indian Oil & NDMC sign MoU for development of waste to energy plants in Narela

Commissioning of this landmark project will help in generating energy in various forms and in reducing dependence on crude imports as well as in achieving other national objectives, says Dharmendra Pradhan ....

IOC submits EoI for developing 2.5 MTPA common carrier ATF pipeline for Jewar airport

IOC has submitted an EoI to the PNGRB for laying, building and operating a 36-Km-long common carrier ATF pipeline from Palwal to Jewar International Airport ....

PCRA launches month long 'Saksham', click to know the details

Apart from launching a month-long campaign 'Saksham', a memorandum of understanding (MoU) has also been signed between PCRA and EESL for the promotion of an energy-efficient PNG stove ....

Indian Oil Aviation fuels the historic Air India all women pilots flight

Flown by four women pilots, Air India's longest direct route flight from San Francisco to Bengaluru Bengaluru, was fuelled by Indian Oil Aviation fuels ....

Indian Oil celebrates ‘Customer’s Day’ on Jan 9

Indian Oil reiterates its commitment to provide better energy solutions to the rapidly evolving customer requirements ....

Pradhan with Odisha CM launches Bindu Sagar Lake cleaning project

Chief Minister of Odisha Naveen Patnaik and Petroleum Minister Dharmendra Pradhan jointly have launched Bindu Sagar Lake cleaning project at Bhubaneswar ....

Indian Oil teams up with SBI to launch a power-packed co-branded RuPay debit card

The SBI Indian Oil Debit Card has been launched across India; customers from anywhere in India, can get the card by visiting the SBI’s home branch ....

Govt mulling proposal to develop free market for domestic crude oil

The Centre is considering a proposal to abandon the current practice of allocating domestic crude oil to refineries, which would help develop a free market for crude oil ....

PNGRB releases draft technical, safety standards for oil refineries, gas processing plants

PNGRB has released draft technical standards and safety specifications for refineries and gas processing plants, and has sought comments from stakeholders within 30 days ....

Pradhan flags off critical equipment for Indian Oil’s MEG project in Paradip

Indian Oil's Mono Ethylene Glycol (MEG) project in Paradip will play a crucial role in the development of Odisha ....

Indian Oil provides complete energy solution to the 40th Indian Scientific Expedition to Antarctica

Indian Oil has supplied Jet A1 fuel, lubes and marine gas oil (MGO) as a bouquet offering for the prestigious 40th Indian Scientific Expedition to Antarctica (ISEA) ....

Pradhan launches missed call facility for Indian Oil LPG consumers

Now, Indian Oil's LPG customers can use single missed call number 8454955555 for refill booking for all India and for new connection in Bhubaneswar city ....

IOC deploys new tech that will allow it to remotely monitor gas turbine data from across India

This technology of proactive predictive analytics based automated anomaly detection has been jointly developed by experts from General Electric, BHEL and Indian Oil ....

Indian Oil invites bids to procure 15 hydrogen fuel buses for Delhi-NCR

In order to facilitate hydrogen supply for refuelling these buses, Indian Oil is also setting up demo units for different pathways to produce hydrogen ....

Pradhan inaugurates Indian Oil’s Lubricant Blending Plant at Kolkata

Minister for Petroleum and Natural Gas Dharmendra Pradhan has inaugurated Indian Oil Corporation’s (IOC) new Lube Blending Plant at Kolkata ....

Indian Oil's Chairman gets honorary fellowship from CEPM

This honour to Indian Oil’s Chairman Shrikant Madhav Vaidya is in recognition of his significant contributions in balancing the smooth supply of products, eco-friendly business operations and healthy refining margins ....

IOC wins Swachhta Pakhwada award, while HPCL bags Swacchata hi Sewa award from MoPNG

IOC was given the Swachhta Pakhwada award, while HPCL was felicitated with the Swacchata hi Sewa award by the Ministry of Petroleum and Natural Gas ....

Indian Oil launches 5 kg LPG cylinder 'Chhotu' in New Delhi

Keeping in mind the needs of specific segments including migrant labour with no current address proof, young professionals, and households with limited LPG consumption, Indian Oil had launched this 5 kg cylinder Chhotu ....

IOC refinery throughput rises to 100% in Nov as fuel demand inches closer to pre-covid levels

The crude oil throughput of IOC refineries rose to 100 percent in November, as consumption of all petroleum products has almost reached pre-Covid levels ....

IOC hopeful about bringing down cost of green Hydrogen to Rs 150/Kg: Director R&D

IOC, which is India’s largest producer of Hydrogen, is hopeful about bringing down the cost of green Hydrogen to around Rs 150/Kg, said Indian Oil Director (R&D) ....

Indian Oil, Lanza Tech ready to scale up tech to produce biofuels from CO2

Indian Oil, the Department of Biotechnology and Lanza Tech have developed a carbon recycling technology and are ready to take it to demonstration level in the next 18 months ....

ADB to work with oil PSUs, Ministry of Petroleum for advanced biofuel development

Asian Development Bank (ADB) on Monday said it has approved a USD 2.5 million (about Rs 18 crore) for development of advanced bioethanol, bio-compressed natural gas, and biodiesel plants ....

These PSUs made it to Fortune 500 list 2020 of Indian companies

Indian Oil has been ranked no 2 in the Fortune 500 list 2020 of Indian companies followed by Oil & Natural Gas Corporation (ONGC), State Bank of India (SBI), and BPCL (Bharat Petroleum) in the top ten list ....

This Indian Oil petrol will cost you Rs 160 per litre

Indian Oil has launched India’s first 100 Octane petrol 'XP100' at Rs160 per litre which company claims to be the world’s best premium grade petrol meant for high-end bikes & cars ....

Dharmendra Pradhan launches Indian Oil's 'XP100', click to know what it is

Indian Oil has launched India’s first 100 Octane petrol "XP100" World’s best premium grade petrol for high-end bikes & cars ....

Hydrogen has the potential to empower the energy transition in India: Dr VK Saraswat

Dr VK Saraswat, Member, NITI Aayog, said that Hydrogen has the potential to be a powerful enabler of the energy transition ....

CVO Appointments: Govt appoints new CVOs in these four PSUs

The Appointments Committee of the Cabinet (ACC) has approved the appointments of new Chief Vigilance Officers (CVOs) in these four PSUs namely:- Indian Oil, RVNL Limited, NEEPCO and ITI Limited ....

Indian Oil launches world-class BS-VI diesel engine oils for trucks

Indian Oil has introduced SERVOPride NXT series of lubricants – a range of premium BS-VI diesel engine oils for next-gen mobility ....

Indian Oil successfully tests ‘zero-emission electric mobility’ technology

Zero-emission electric mobility is a concept that allows electric vehicles (EV) to charge using solar power thereby ensuring zero emissions ....

India to see Rs 2 lakh cr investment in 5,000 CBG plants by 2023-24: Pradhan

India will see an investment of Rs 2 lakh crore in setting up 5,000 compressed bio-gas (CBG) plants by 2023-24, said Dharmendra Pradhan ....

Govt releases new policy, mandates oil & gas PSUs to ensure 50-20% local content in procurement

The government has mandated oil and gas PSUs to ensure 50-20 percent local content (LC) in the procurements made by them ....

Indian Oil says #TreeCheers for a green festive season

Under this unique initiative of Indian Oil, saplings were planted for all new vehicles refueling at Indian Oil petrol pump across the country ....

Indian Oil commissions aviation fuel station at Darbhanga

Indian Oil Aviation Service has commissioned its 120th aviation fuel station at Darbhanga city in Central Bihar ....

Oil PSUs have spent only a third of their capex in H1 of FY21: Ministry data

State-run OMCs have spent nearly a third of their capex target for the current financial year, with ONGC Videsh being the fastest and Indian Oil being the slowest ....

Indian Oil inks MoU with IISc-Bangalore for hydrogen generation from biomass gasification

The biomass gasification technology will provide a cleaner energy option for India and address the challenge of waste biomass disposal, thus improving the ambient air quality ....

IOC refineries operating at 93%; fuel demand likely to reach pre-COVID level in 2 months: CMD

Indian Oil’s refineries are operating at 93% capacity and will be ramped up gradually as the fuel demand reaches pre-COVID levels in a couple of months, said IOC CMD ....

Indian Oil net profit rises 11 times to Rs 6,227 cr in Q2, revenue slips 13%

During the September quarter (Q2) of FY2020-21, Indian Oil has reported an increase of nearly 11 times in net profit at Rs 6,227 crore as compared to Rs 563 crore in the corresponding quarter of FY 2019-20 ....

Indian Oil launches common Indane refill booking number across India

In another initiative for ease of booking by customers, Indian Oil has launched a common number for all-India LPG refill booking – through SMS and IVRS ....

India starts first-ever trial run of H-CNG buses in Delhi

Pradhan inaugurated Indian Oil's compact reformer plant and launched the much-awaited pilot trial run of Delhi's buses on Hydrogen-blended CNG (H-CNG) at the Rajghat Bus Depot-I of DTC ....

Pradhan to inaugurate H-CNG Plant and launch trial run of hydrogen-run CNG buses

Union Petroleum Minister Dharmendra Pradhan will formally launch the much-awaited trial run of city buses in the capital city on Hydrogen-blended CNG (H-CNG) green fuel on October 20 ....

Aatmanirbhar Bharat: Govt launches a common portal for Oil PSUs

This portal will provide opportunities to new entrepreneurs and existing manufacturers to invest and expand their manufacturing base strengthening 'Aatmanirbhar Bharat' ....

Downward revisions & stability in fuel prices benefit common man: Indian Oil

In a statement Indian Oil said that the poorest sections of society have been benefited by the substantial reduction in the price of kerosene distributed through the PDS ....

Indian Oil is looking for Director (Planning & Business Development); apply before Dec 16

Indian Oil Corporation Limited has invited job applications for the engagement of the Director (Planning & Business Development). Eligible candidates can apply for the job before December 16 ....

Indian Oil commissions 50 KW on-grid rooftop solar power plant at its NR Office

The Northern Regional Office of Indian Oil Corp. Ltd. (IOCL) has commissioned 50 KW on-grid rooftop solar power plant in its office premises ....

Data shows oil PSUs have spent only 25% of FY21 capex until August

Most state-run oil PSUs have spent nearly 25 percent of their capex for FY21 in the period between April and August, government data shows ....

Indian Oil reviewing refinery expansion plan, looking to petchem to boost margins: Chairman

Indian Oil is reviewing its refinery expansion plans and is also looking to leverage its growing petrochemical operations to boost profit margins, said SM Vaidya ....

OMCs delivered 13 crore LPG refills under Ujjwala in April-August period: Pradhan

State-run OMCs have delivered 13 crore LPG refills under Ujjwala Yojana in the period between April and August this year, said Dharmendra Pradhan ....

Indian Oil, HPCL, BPCL see revenue decline by 40% in April-June

A stagnant economy during the COVID-19 lockdown & the historical drop in crude oil prices dented the revenues of IOC, BPCL, HPCL by around 40% year-on-year ....

COVID pandemic cut India’s crude oil import bill by 63% in April-July: Pradhan

In the backdrop of the historical drop in global crude oil prices, India’s crude oil import has fell by 63% in the first four months of the current financial year, said Dharmendra Pradhan ....

PM Modi inaugurates LPG bottling plants in Bihar and LPG pipeline connecting Durgapur to Banka

Speaking on the occasion Prime Minister Narendra Modi said that the PM package given for Bihar included 10 major projects related to petroleum & gas and about Rs 21,000 crore was to be spent on these projects ....

Govt sets ball rolling on asset monetisation; these PSUs are on the list: Sources

If word from the corridors is to be believed, the government seems to have set the ball rolling on asset monetisation in the PSU sector ....

ONGC, IOC, BPCL, HPCL, GAIL to join ISA as corporate members, contribute to corpus fund: Pradhan

Pradhan said that ONGC, IOCL, BPCL, HPCL and GAIL will be joining ISA’s Coalition for Sustainable Climate Action as corporate partners and will contribute to the corpus fund ....

Indian Oil looks to solarise its fuel retail outlets, invites EoI for vendor empanelment

IOC has invited EoI for empanelment of vendors or lump-sum turnkey contractors for solarising its retail outlets under Punjab state office ....

Indian Oil to invest Rs 1,268 crore for CNC unit at Paradip Refinery

Indian Oil on Tuesday said that it will invest Rs 1,268 crore to install a Grassroot Needle Coker (CNC) unit at Paradip Refinery in Odissa ....

Indian Oil implementing 2,814 projects which will create 217.7 lakh man-days of work in FY21

With over 2,800 projects, Indian Oil set to generate 217.7 lakh man-days of employment in the current financial year (FY2020-21) ....

2 months after retirement, Indian Oil ex-CMD Sanjeev Singh joins RIL without ‘cooling off’

Former Indian Oil Chairman and Managing Director Sanjeev Singh has joined RIL as Group President and member of the O2C business leadership team ....

Oil & gas PSUs have begun 8,363 projects worth Rs 5.88 lakh crore

Oil & Gas industry has kick-started economic activities/projects, numbering 8,363 with an anticipated cost of Rs 5.88 lakh crore ....

IOC Paradip Refinery to remain shut for 22 days for maintenance work

The Paradip oil refinery of IOC in Odisha’s Jagatsinghpur district will remain shut for 22 days from July 25 for maintenance work ....

Projects worth Rs 1.04 lakh crore currently under implementation: Indian Oil

Since April 20 until July 8, Indian Oil has resumed work on a total of 386 projects and has generated 13.3 lakh man-days of work until June 30 ....

H Shankar Rao appointed as Director (Technical) of CPCL

H Shankar Rao, who is currently working as General Manager in Indian Oil Corp Ltd., has been appointed as Director (Technical) of CPCL ....

Shrikant Madhav Vaidya takes over as Chairman of Indian Oil on July 1

Shrikant Madhav Vaidya, who was serving as Director (Refineries), has taken over as Chairman of Indian Oil Corporation Limited (IOCL) on Wednesday ....

IOC, NTPC & SDMC to develop waste-to-energy facilities at Okhla landfill site

After the implementation of this MoU, the capacity of the waste-to-energy plant will be enhanced to achieve 100% processing of municipal waste, said SDMC Commisioner ....

IOC Middle East subsidiary inks JV pact for LPG business in Bangladesh

IOC Middle East FZE and RR Holdings Ltd, Ras Al Khaimah, UAE, have signed a pact for the formation of a 50:50 JVC for LPG business in Bangladesh ....

Pradhan lays foundation stone of Indian Oil’s 2nd R&D centre in Faridabad

Dharmendra Pradhan, along with the Haryana CM, laid the foundation stone of Indian Oil’s second R&D Campus at IMT in Faridabad ....

This Indian Oil retail outlet in Chandigarh now has a battery swapping facility

Dharmendra Pradhan and Punjab Governor inaugurated a battery swapping station for EVs at one of Indian Oil Corporation’s retail outlets in Chandigarh ....

Indian Oil Product Applications & Development Centre inaugurated at Paradip

Indian Oil Corporation’s Product Applications & Development Centre (PADC) at its Paradip Refinery was inaugurated on June 25 ....

Indian Oil refineries likely to start operating at 100% capacity by July-end

Indian Oil’s refineries are likely to start operating at 100 percent capacity by July-end, Director (Refineries) of Indian Oil SM Vaidya said ....

Indian Oil posts net loss of Rs 5,185 cr in Q4 of FY20 due to inventory losses

Indian Oil reported a net loss of Rs 5,185 crore in Q4 of FY2019-20 on the back of a decline in crude oil prices which resulted in inventory losses ....

CSR Watch: Indian Oil gives ears & voice to children, read here

IndianOil with the help of ALIMCO is sponsoring cochlear implants surgeries of 14 children in Delhi-NCR, under its CSR initiative ....

Dharmendra Pradhan & Tamil Nadu CM inaugurate compressed bio-gas plant and CBG stations

A compressed bio-gas (CBG) plant has been inaugurated by Chief Minister of Tamil Nadu Edappadi K Palaniswami and Union Minister for Petroleum and Natural Gas Dharmendra Pradhan, at Namakkal, Tamil Nadu, on Tuesday ....

India planning to double its refining capacity to 450-500 MT by 2030: Pradhan

Dharmendra Pradhan said that the government plans to double India’s crude oil refining capacity to 450-500 MT in the next 10 years ....

IndianOil refineries throughput crosses 80% as products demand increases

The crude oil throughput of Indian Oil refineries has crossed 80%, with consumption of all petroleum products almost doubling in the month of May ....

IndianOil is looking to hire Director (Pipelines); click to know

IndianOil has released a job notification through the PESB portal for the engagement of Director (Pipelines). Eligible candidates can apply before July 31 ....

Fitch: Higher risk to standalone profiles of OMCs in FY21

Standalone credit profiles of India’s OMCs (oil marketing companies) are at greater risk of downward revision due to Coronavirus, said Fitch Ratings ....

Indian Oil raises refinery operations to 60% as fuel demand picks up

Indian Oil has re-started several process units at its refineries and has increased crude oil processing that had been scaled down due to the lockdown ....

Disinvestment: Is Indian Oil going to buy Numaligarh Refinery Ltd?

There could be some changes in the government’s disinvestment plan for Numaligarh Refinery and the ball may finally land in Indian Oil’s court, sources have said ....

IOCL presses ‘restart’ on 64 projects worth Rs 21,375 cr

IOCL has commenced resumption of stalled activities on 64 select projects which entail an investment of about Rs 21,375 crore ....

Here’s how IndianOil is keeping its game face on during COVID-19 lockdown

In the backdrop of the COVID-19 lockdown, IndianOil has put in place a comprehensive strategy to ensure the health and safety of all its stakeholders ....

#IndiaFightsCorona: IOC, ONGC, MOIL staff contribute salary to PM CARES fund

While state-run IOC and ONGC employees contributed two-days’ salary to the PM CARES fund, MOIL Limited staff contributed a day’s salary to the same ....

Dr NM Kothari is new Govt. Nominee Director of IndianOil

Dr Navneet Mohan Kothari (IAS) has been appointed as Government Nominee Director on the Board of Indian Oil Corporation Limited (IndianOil) ....

Indian Oil interim dividend will swell govt wallet by Rs 2,060 cr

State-owned Indian Oil has declared an interim dividend of Rs 4.25 per share, which will swell the government’s wallet by Rs 2,060 crore ....

ALIMCO, IndianOil to distribute aids & appliances

IndianOil has signed an MoU with ALIMCO for the distribution of aids and appliances among the needy persons under its CSR initiative ....

IOC invests Rs 3,000 cr on Haldia refinery to meet BS-VI norms

State-run IOC has invested around Rs 3,000 crore on upgrading its refinery at Haldia in West Bengal to meet BS-VI emission norms ....

30% transactions at state-run OMCs are cashless: Pradhan

Almost 30 percent of the total payments at state-run oil retailers are cashless, Petroleum Minister Dharmendra Pradhan said after a meeting with oil PSUs ....

IOC ex-boss joins Reliance Industries ahead of BPCL sale

In the backdrop of the oil marketing industry eagerly waiting for the government to invite EoI for BPCL sale, former IOC Chairman Sarthak Behuria has joined Reliance Industries ....

Indian Oil ranked among world’s top 500 strongest & most valuable brands

Indian Oil Corp Ltd is the only Indian brand in the oil and gas sector to feature in the world’s most valuable & strongest brands ....

These refineries of IOCL got awarded by MoP&NG

Indian Oil Corporation Limited's (IOCL) Paradip and Guwahati refineries have been given prestigious awards for refining excellence and energy efficiency, respectively ....

IOCL inks pact with Cummins Technologies

Indian Oil Corporation Limited (IOCL) has signed an agreement with Cummins Technologies for bulk dispensing of Indian Oil’s Diesel Exhaust Fluid ....

BPCL sale: IOC to take call on bidding after govt spells out rules

IOC will take a call on whether to throw its hat in the ring for BPCL or not after the government releases the rulebook ....

IOCL bags coveted 'Sportstar ACES Honour'

Indian Oil Corporation Limited (IOCL) has been awarded the best PSU for the promotion of sports at the annual 'Sportstar ACES Award ceremony' held in Mumbai recently ....

Indian Navy & Indian Oil develop High Flash High Speed Diesel fuel

The new fuel high flash high speed diesel that has been developed by Indian Navy and Indian Oil together is better in quality with reduced carbon footprints ....

IOC & OIL collaborate on CO2-assisted Enhanced Oil Recovery project

IOCL and OIL have signed an MoU for carbon capture, utilisation and storage in CO2 assisted Enhanced Oil Recovery (EOR) project in Assam ....

January 8 strike gets bigger as 19 trade unions at IOC serve notice

A total of 19 trade unions at IOC have served strike notices for January 8 to protest against the state-run refiner’s asset monetisation plan ....

IOCL should aim to offer complete energy solutions to the nation: SM Vaidya

While addressing to IOCians, SM Vaidya emphasis on ensuring pan-India availability of BS-VI grade auto fuels by April this year ....

EXCLUSIVE: Video confirms Indian Oil looking at asset monetisation of pipelines

A new video accessed by PSU Watch shows that Indian Oil could indeed be looking at asset monetisation, but the management says otherwise ....

IOCL commissions 119th Aviation Fuel Station at Agatti Island

Indian Oil Aviation Service is a leading aviation fuel solution provider in India and the most preferred supplier of jet fuel to major international and domestic airlines ....

Kandla port fire accident has nothing to do with Indian Oil

One person has been burnt to death in a fire that erupted after a blast took place in a warehouse of chemical storage tanks near Kandla port ....

Disinvestment: Govt planning to hive off Indian Oil transmission business?

The list of oil marketing PSUs that the government is planning to take up for disinvestment to raise a corpus of Rs 1.05 lakh crore seems to have a new entrant — Indian Oil ....

IOCL signs licence agreement with Serbian company for its 'INDMAX' technology

Indian Oil Corporation Limited's (IOCL) INDMAX refining technology licenced to Naftna Industrija Srbije (NIS), a Serbian oil and gas company, through a global bid ....

These Maharatna PSUs don’t have a single woman director on board

While two Maharatna PSUs do not have even one woman director on board, only six others have women directors in key managerial roles ....

Reliance Industries topples IOC to take 1st spot on Fortune India 500 list

Reliance Industries has toppled IOC from the spot it occupied for a decade and has become India’s largest company on the Fortune India 500 list ....

Indian Oil supports government school under its CSR

Indian Oil Corporation Limited (refineries headquarters) has given over 60 ceiling fans to the government school of Lajpat Nagar, ahead of summer ....

IOCL's Chairman inaugurates 'Security Week'

IOCL is observing 'Security Week,' at all its locations across the country, which is based on a theme ‘Security for Business Continuity’ ....

SM Vaidya set to be new Chairman of Indian Oil

SM Vaidya, who is currently serving as Director (Refineries), has been recommended for the post of new Chairman of Indian Oil Corporation Limited (IOCL) ....

IndianOil bags FIPI’s ‘Sustainably Growing Corporate of the Year’ award

IndianOil bagged Federation of Indian Petroleum Industry (FIPI) award for excellence in sustainability performance and benefits extended to society and the environment ....

Numaligarh Refinery will now be taken over by Indian Oil or OIL

As the disinvestment plan for Numaligarh Refinery is scrapped, the transfer of management control is likely to go to either Indian Oil or OIL ....

Here’s how BPCL, HPCL disinvestment will usher tough times for Indian Oil

The fuel retail sector in India is poised to undergo a major facelift as the government prepares to put BPCL and HPCL up for disinvestment/privatisation ....

What is special about Indian Oil’s winter-grade diesel?

Indian Oil’s winter-grade diesel is capable of withstanding extremely low temperatures during the winter months ....

Indian Oil mulls picking up Centre’s stake in BPCL

Indian Oil is considering picking up the government’s stake in BPCL because of concerns that privatisation of BPCL could put its market share at risk ....

Indian Oil gets green nod for its ethanol plant in Haryana

Indian Oil has got a clearance from the Environment Ministry for setting up a Rs 766-crore 2G ethanol plant in Haryana’s Panipat district ....

Indian Oil Corp’s net profit drops by 83% y-o-y in Q2

Indian Oil Corporation’s net profit for Q2 dropped by 83 percent to settle at Rs 564 crore as compared to Rs 3,247 crore in the corresponding quarter of FY 18-19 ....

OMCs again threaten to cut ATF supply to Air India

A month after state-run OMCs snapped air turbine fuel supply to Air India, they have issued a fresh warning, threatening to cut supply from Oct 18 ....

SM Vaidya takes over as Director (Refineries) of Indian Oil

SM Vaidya has taken over as Director (Refineries) of Indian Oil, prior to this he was serving as Executive Director (Operations) at refineries headquarters ....

IOCL jobs: IOCL is looking to hire junior engineers

IOCL has invited job applications from experienced and non-experienced candidates for the post of junior engineers (JE); eligible candidates can apply before October 30 ....

Indian Oil invites EoI for plastic waste procurement

Indian Oil invited EOIs for procurement of plastic waste and announced initiatives towards making the environment plastic-free ....

PSPB Delhi International Half Marathon, Petro Run-2019 held

Sprinter Hima Das and badminton's chief national coach Pullela Gopichand flagged off the PSPB International Half Marathon 'Petro Run' in the presence of senior officials of Indian Oil and PSPB ....

LPG supply situation in India comfortable, say OMCs

OMCs dismissed reports that claimed they were planning on rationing LPG cylinders in the wake of a scarcity in LPG supply ....

Indian Oil and HDFC bank launch co-branded fuel credit card

Indian Oil and HDFC jointly launched a co-branded fuel credit card for the users from non-metro cities & towns in an event held at Chandigarh ....

IndianOil launches awareness campaign for LPG cylinders

IndianOil awareness campaign for pre-delivery-check for LPG cylinders was flagged off by DTC's MD Manoj Kumar (IAS) in the presence of senior officials of the organisation in New Delhi ....

Pradhan inaugurates Indian Oil’s Biomethanation Plant

Dharmendra Pradhan inaugurated Indian Oil’s 5MTPD Biomethanation plant in Faridabad and flagged off the first vehicle loaded with compressed Biogas ....

India looks to Russia for supply of crude oil

India is looking to Russia for supply of crude oil and the plan was taken up for discussion when Dharmendra Pradhan met Rosneft CEO ....

Indian Oil refineries HQs launch #EarthWorthFighting4

Indian Oil's ED (HR) VK Shukla has launched a campaign #EarthWorthFighting4 to create awareness towards making environment plastic-free ....

IOC starts test-study of indoor solar cooking system at Leh

IOC has commenced a pilot test-study of an indoor solar cooking system at Leh, Ladakh to combine utility and use of renewable energy ....

Indian Oil to open a second R&D facility in Faridabad

Indian Oil is planning to open a second R&D facility adjacent to an existing facility in Faridabad at a cost of Rs 2,282 crores ....

IOC, BPCL, HPCL resume fuel supply to Air India

Public sector oil companies resumed fuel supply to Air India on Saturday evening after talks mediated by the government ....

Indian Oil's Day celebration at Refineries HQ

SM Vaidya, Executive Director (Operations), IndianOil, led the '60th IndianOil Day' celebrations at the Refineries Headquarter in New Delhi ....

Indian Oil to set up 1 GW EV battery plant

Indian Oil Corporation is planning to foray into energy storage and batteries for electric vehicles EVs to diversify its product portfolio ....

Indian Oil plans to invest Rs 2 trillion in 5-7 years: Chairman

Indian Oil Chairman Sanjiv Singh said that the investment of Rs 2 trillion will be directed towards meeting the energy needs of diverse user groups ....

Air India owes Rs 4,500 cr to IOC, BPCL, HPCL

The delay forced IOC, BPCL and HPCL to cut jet fuel supply to Air India at six airports — Kochi, Pune, Patna, Ranchi, Vizag and Mohali ....

IOC planning Rs 2-lakh-cr expansion in next 5-7 years

The investment/expansion plan is aimed at evolving IOC into a future-ready corporate that provides comprehensive energy solutions to diverse user groups, said the Chairman ....

Sandeep Kumar gets ACC clearance as Director(Fin) IOCL

PESB had cleared Sandeep Kumar Gupta's appointment as Director (Finance) at Indian Oil on July 25, 2019 and on August 1, 2019, Cabinet committee for appointments gave his appointment a green signal ....

OMCs cancelled 40 retail dealerships in 5 years over fuel adulteration

OMCs have a system of monitoring and surveillance at retail outlets that involves surprise inspections at the retail outlet ....

These two PSUs have now joined India’s ambitious Rs 9,000-cr LPG pipeline project

IOC, BPCL, and HPCL have signed an agreement on June 3 for the formation of a joint venture company for implementation and operation of LPG pipeline ....

India’s oil import from Iran goes down by more than half in April

India is scheduled to get two very large crude oil consignments carrying tanker arrival data — one at Paradip in Odisha and Kochi in Kerala ....

Know what IOC is doing to keep Odisha, West Bengal afloat during Cyclone Fani

The oil PSU also said that its operations continue to be largely normal across the two eastern states and it continues to supply fuel ....

Indian Oil is first oil and gas PSU to achieve this milestone! What is it?

Indian Oil Corporation Ltd (IOCL) achieved a milestone of becoming first Oil & Gas PSU to cross the milestone of filing 1,000 patents ....

With this step, IOCL is not only going to fight climate change but also boost oil output

The oil marketing company has signed an agreement to supply carbon dioxide emitted from its refineries to oil producers like ONGC and OIL ....

EC asks OMCs to put petrol pump allotment on hold for now

The OMCs had approached the EC around mid-March and had said that they wanted to at least give letter of intents to 31,800 successful bidders in April & May ....

Refiners put Iran oil orders for May on hold as India awaits word from US

In the next seven to 10 days, India is hoping to get some clarity on the extension and the amount of oil that can be purchased if it gets an extension ....

IOC restores fuel supply to debt-laden Jet Airways

IOC has resumed fuel supply to debt-laden airline Jet Airways that it had suspended earlier in the day after the airline had failed to clear past dues ....

BS-VI grade fuel now being supplied to 12 NCR districts and Agra, says IOC

BS-VI grade fuel: Petrol and diesel containing 10 parts per million or ppm is now being supplied in Alwar, Bharatpur, Karauli and Dholpur in Rajasthan and Meerut, Muzaffarnagar, Ghaziabad, among others ....

Different Strokes: In Puthuvype no vote for candidates supporting LPG terminal

The work on Indian Oil Corporation LPG terminal project is on halt since February 2017 after the islanders launched an indefinite protest ....

IOCL & BPCL sign agreement with Abu Dhabi for Oil & Gas Exploration

The consortium comprising India’s leading Oil and Gas Fortune 500 companies will hold a 100 percent stake in the exploration phase investing ....

Did you apply for mega petrol pump dealership offer? You’ll have to wait

IOC, HPCL and BPCL have already finalised the winners for close to a third of the advertised locations following draw of lots and examination of bids ....

Norwegian fund’s 'green drive' may impact Indian energy sector

Norway's sovereign wealth fund’s decision comes amid climate change concerns and uncertainty in global oil markets, resulting in many countries shifting their focus to renewable energy  ....

Jet fuel price hike lands already battered airlines in choppy waters

Airlines in India are facing rising prices in global operations caused by longer flight durations and disruptions in schedules since they have had to re-route their flights after Pakistan closed its airspace ....

In 2019, Diesel Up By Rs 4.08 per Ltr and Petrol by Rs 2.82 per Ltr So far

After 12 hikes in past 13 days, the country's largest oil refiner – Indian Oil Corp – released data showing that fuel prices in metro cities including New Delhi and Mumbai were kept unchanged on Wednesday  ....

Do you buy Indane gas? Your Aadhar number might have been compromised, thanks to a security lapse

Part of the website, which is only supposed to be accessible with valid username and password, was indexed in Google ....

An unusual appointment at IOC: Director of Finance picked again for the same post

The appointment was made 18 days after a vacancy had been floated seeking applications for the post on February 1 and long before the closing of the submission date ....

Disinvestment countdown: Govt has mopped up Rs 53,500 cr out of its Rs 80,000 cr target

That means that the Centre will have to raise Rs 26, 442 crores to meet the divestment target it set for itself for this fiscal. The government has set a disinvestment target at Rs 90,000 crore for the next fiscal year ....

IOC’s Q3 earnings have taken analysts by surprise

IOC reported a standalone net profit of Rs 716.82 crore for the quarter that ended December 31, surprising analysts, who anticipated a Rs 900-crore loss ....

Adani set to acquire controlling stake in GSPC after IOC backs out

Adani already holds 25 percent stake in the state-run company and is set to get the controlling stake as the Gujarat government has been searching for a third partner ....

State-run energy companies will pour Rs 80 crore to make Tripura ODF state

ONGC, Indian Oil Corp, Oil India Ltd and Gas Authority of India Ltd are the other companies to provide the finance assistance for making the state Open Defecation Free ....

IOC to invest Rs 16,641 crore in Tamil Nadu over next five years

The state refiner’s investment is set to create direct employment for 9,200 people and provide work for at least 10,600 indirectly ....

IOC will shut half of Panipat refinery from mid-February

Refiner in northern Haryana will close a 150,000 bpd crude unit. A coker, hydrocracker, diesel hydrotreater and a sulfur recovery unit will also be shut ....

Govt could close formalities of just two sick PSUs since 2014

Indian Oil —CREDA Biofuels and CREDA-HPCL Biofuels are the ones have been liquidated while loss-making companies like HMT Watches, Indian Drugs Pharmaceuticals Ltd. (IDPL) and Tungabhadra Steel Products and Hindustan Photo Films, are still waiting to be closed ....

10% EWS quota will lead to well paying jobs for upper caste in Central PSUs

Public Sector Undertakings have proven to be the best employers in India, with an average salary of Rs 14.45 lakh per annum ....

OMCs move to cushion retail fuel prices ahead of General Elections

Gross marketing margins, the difference between retail selling prices and refinery transfer prices after deducting dealer commission and taxes, reached record heights ....

Vedanta restores crude supply to IOC after govt intervenes

The government assigns locally-produced crude to refiners depending on their location, transport logistics and processing capability  ....

OMCs have stopped absorbing the govt-mandated Re 1 cut on every litre of petrol/diesel

This essentially means that all the benefit incurred from the drop in crude oil prices is not being transferred to consumers ....

Public sector survey 2017-18 is out and here are the top and worst performers

IOC, ONGC and NTPC were the top three most profitable public sector companies in 2017-18, while BSNL, Air India and MTNL recorded the highest plunge in balance sheets ....

IOC likely to drop plan to buy 50% stake in Mundra LNG terminal

The expenditure made towards the port and port-led development is another stumbling block for IOC acquiring a stake in the LNG terminal ....

Indian Oil’s CSR 'CARE' for Divyangjan

Indian OiI's Panipat Refinery and Petrochemical Complex (PRPC) has distributed various types of equipment to Divyangjans in Bal Bhavan, Panipat ....

IOC, HPCL, BPCL to set up 60 LPG bottling plants under PPP mode

Indian Oil will have 21 plants while Bharat Petroleum will have 20 and Hindustan Petroleum would have 19 such private bottling plants’ service, IOC Chairman said ....

Jet fuel prices slashed to lowest in 7 months, courtesy IOC

The jet fuel price for domestic airlines in Delhi was cut to Rs 68,050.97 a kilolitre, marking an 11 percent fall from a month earlier ....

AIPDA sulking over govt’s bumper drive to give away 56,000 petrol pumps

The petrol pump sale bonanza was announced at a time when the government has been shutting down petrol pumps and replacing them with alternative fuel stations ....

In a first, OMCs reduce paperwork, take application process online to fuel mega petrol pump expansion plan

In order to make the application process simpler, the OMCs are doing away with the rigmarole of submitting voluminous documents by applicants ....

Centre to ease rules for setting up petrol pumps to attract private players

An expert committee has been set up to recommend ways to loosen the noose on fuel retailing licensing rules for setting up petrol pumps ....

PSUs look to invest in more oil and gas projects in Russia

PSUs have already pumped in $15 billion in Russia, which is India’s largest investment destination in the oil and gas sector ....

Petrol woes continue, prices cross Rs 90-mark in Mumbai

The rise in prices has been attributed to a depreciating rupee and the rising prices of crude oil ....

India’s first compressed bio-gas plant to be functional soon

The government has announced that the nation’s first compressed bio-gas (CBG) plant will become operational within the current quarter of the fiscal ....