Indian Oil Corporation

V Satish Kumar takes over as Indian Oil Corporation chairman

01 September 2024, 12:24 IST

V Satish Kumar takes over as Indian Oil Corporation chairman

01 September 2024, 12:24 IST

Vaidya steps down as IOC chairman after steering company to unprecedented heights

"A chemical engineer with over 37 years of experience, Vaidya has been a pivotal force in steering IndianOil to unprecedented heights," the company said in a statement.

31 August 2024, 16:44 IST

Vaidya steps down as IOC chairman after steering company to unprecedented heights

31 August 2024, 16:44 IST

GAIL chairman Sandeep Gupta wildcard for Indian Oil Corporation

The age eligibility cut off has been set at not more than 58 years for internal candidates and 57 years for outsiders with 60 years as the retirement age. But this was relaxable in the case of deserving candidates.

11 August 2024, 15:47 IST

GAIL chairman Sandeep Gupta wildcard for Indian Oil Corporation

11 August 2024, 15:47 IST

After bumper profits, government scraps Rs 30,000 crore capital support to oil corporations

Sitharaman had on February 1 last year, while presenting the annual Budget for the 2023-24 fiscal (April 2023 to March 2024), announced an equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to support the three state-owned firm's energy transition plans.

23 July 2024, 13:03 IST

After bumper profits, government scraps Rs 30,000 crore capital support to oil corporations

23 July 2024, 13:03 IST

IOC targets over 83 lakh crore revenue by 2047: Chairman

Indian Oil Corporation (IOC) posted a record net profit of Rs 39,619 crore ($4.7 billion) on a revenue of Rs 8.66 lakh crore ($104.6 billion) in the 2023-24 (April 2023 to March 2024) fiscal.

21 July 2024, 05:53 IST

IOC targets over 83 lakh crore revenue by 2047: Chairman

21 July 2024, 05:53 IST

In a first for an Indian firm, IOC to make fuel for Formula 1 cars

Vaidya said current norms provide for 40 per cent of the F1 fuel coming from non-fossil sources, such as alcohol, algae or waste keeping in the sustainability angle.

06 March 2024, 14:54 IST

In a first for an Indian firm, IOC to make fuel for Formula 1 cars

06 March 2024, 14:54 IST

SC allows plea to appoint arbitrators in dispute between IOC and ArcelorMittal

The IOC's claim was initially filed against bankrupt Essar Steel India, which was taken over by ArcelorMittal in December 2019 after it won approval from the Supreme Court.

12 February 2024, 11:00 IST

SC allows plea to appoint arbitrators in dispute between IOC and ArcelorMittal

12 February 2024, 11:00 IST

Oil companies likely to cut petrol, diesel prices by Rs 5-10 next month

The move is expected to soothe inflation and play a major role ahead of the 2024 Lok Sabha elections.

17 January 2024, 09:20 IST

Oil companies likely to cut petrol, diesel prices by Rs 5-10 next month

17 January 2024, 09:20 IST

With Russian oil imports falling, India turns to Saudi Arabia

Indian Oil Corp which was set to get the Sokol oil, had to withdraw from its inventory and buy from the Middle East to make up the shortfall,

02 January 2024, 13:05 IST

With Russian oil imports falling, India turns to Saudi Arabia

02 January 2024, 13:05 IST

No takers for rupee payment for oil imports

India's push for rupee to be used to pay for import of crude oil has not found any takers as suppliers have expressed concern on repatriation of funds and high transactional costs, the oil ministry told a parliamentary standing committee.

24 December 2023, 08:41 IST

No takers for rupee payment for oil imports

24 December 2023, 08:41 IST