The capital expenditure of Indian Oil Corporation (IOC) is pegged at Rs 11,000 crore during 2013-14.
Tag: Indian Oil Corporation
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IOC develops new technology to produce bio-diesel
According to an official statement of Indian Oil Corp (IOC), the firm developed and commercialised a technology to produce bio-diesel from non-edible oil extracted from plants like Jatropha. The company expects to convert the non-edible oil into bio-diesel at its existing Diesel Hydrotreating (DHDT) units in a petroleum refinery
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No gas to homes with multiple unverified connections
Indian Oil Corporation (IOC) has stated that from June 1, households that have more than one unverified cooking gas connection under one roof will not get refills. The oil marketing companies – IOC, BPC and HPC – have been directed to stop supplies of LPG refills to households having multiple-connections for which no KYC (Know Your Customer) details have been received, with effect from June 1.
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Govt asks IOC to sell ATF at discount to Air India
Media reports indicate that some state-run oil marketing companies (OMCs) agreed to sell aviation turbine fuel (ATF) to the loss-making Air India at a concessional rate at the behest of the government. It is learnt that Indian Oil Corporation (IOC) agreed to sell fuel to Air India at a discount of 8 per cent. Some reports indicate that Air India will be charged Rs 5,300 lowe
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Govt asks IOC to sell ATF at discount to Air India
Media reports indicate that some state-run oil marketing companies (OMCs) agreed to sell aviation turbine fuel (ATF) to the loss-making Air India at a concessional rate at the behest of the government. It is learnt that Indian Oil Corporation (IOC) agreed to sell fuel to Air India at a discount of 8 per cent. Some reports indicate that Air India will be charged Rs 5,300 lowe
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Govt asks IOC to sell ATF at discount to Air India
Media reports indicate that some state-run oil marketing companies (OMCs) agreed to sell aviation turbine fuel (ATF) to the loss-making Air India at a concessional rate at the behest of the government. It is learnt that Indian Oil Corporation (IOC) agreed to sell fuel to Air India at a discount of 8 per cent. Some reports indicate that Air India will be charged Rs 5,300 lowe
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IOC issues Rs 17 bn worth bonds
According to a company statement, Indian Oil Corp (IOC) mopped up Rs 1,700 crore through issue of Secured Redeemable Non-Convertible Bonds instead of the original size of Rs 500 crore. It is learnt that banks, insurance companies, primarily dealers, mutual funds, financial institutions, among others, have
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IOC searches land for depot project
The Indian Oil Corporation (IOC) is learnt to have sent a team of officials to identify land for the proposed oil depot project in Una district of Himachal Pradesh. The company plans to set up the depot in Una district after the proposed depot project at Kadd village was shelved
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IOC refinery output exceeds target for 2012-13
Refinery output of Indian Oil Corp (IOC) exceeded the target for 2012-13 and its 10 refineries operated at 100.7 per cent of their installed capacity, the firm said in a statement. The refineries processed a total of 54.6 million tonne (mn t) of crude oil compared to the target of 54.25 mn t. Despite planned maintenance shut downs, the company achi
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IOC’s Rs 98 cr project faces roadblock
Indian Oil Corporation (IOC) faces protest from local farmers for its 114-km oil pipeline project being undertaken at a cost of Rs 98 crore from its refinery located at Narimanam to Tiruchy storage point. The pipeline laying project faces protest from farmers of Kakka Kottur, Sorakkudi, Moongilkudi and Omankulam
villages in Tiruvarur district because they fear loss of livelihood owing