Indian Oil Corporation (IOC) would lay pipeline from Rajpura in Punjab to Chandigarh to transport cooking gas to city homes. Besides Chandigarh, the pipeline would also be laid across Ambala in Haryana and the piped gas line will cater to Mohali, Panchkula, Baddi, Parwanoo and Nalagarh. The administration will facilitate in execution of the plan to ensure that general public does not face inconvenience during its
Tag: IOC
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IOC expects Paradip project to be over by October
M Vijaywargiya, Executive Director of Indian Oil Corporation's (IOC) Paradip refinery project informed reporters that 93.2 per cent work on the Rs 29,777-crore project has already done. He said the Rs 29,777-crore project is scheduled to be commissioned in Sepetmber-October this year. More than 500 engineers and officers of IOC are toiling round the clock at the project site, he said adding the refinery would be the most modern export-orientated processing unit and IOC'
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IOC to sign pact with Ennore Port for Rs 43 bn LNG project
Indian Oil Corporation (IOC), which has proposed to set up a Rs 4,320-crore liquefied natural gas (LNG) plant at Ennore would soon enter into an agreement with the Ennore Port to secure 132 acre of port land for the project. The project would enable supply piped gas in the southern region, which does not have adequate supply of piped gas
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Net profit of IOC rises 14.53% in March quarter
Net profit of Indian Oil Corporation (IOC) rose 14.53 per cent to Rs 14,513 crore during January-March 2013 compared to Rs 12,671 crore in the year-ago period. The rise in profit is attributed to the higher subsidy amount it received from the government for selling petroleum products below the market price
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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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Lack of infrastructure prevents IOC from investing in Canada
AMK Sinha, the director of planning and business development at Indian Oil Corp (IOC) informed reporters that lack of pipeline infrastructure in Canada is hindering the firm's investment plan in the country. Although the firm intends to invest in CanadaÂ’s energy sector to gain access to crude and natural gas exports, lack of infrastructure makes it very difficult, Sinh
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PSU OMCs seek permission to set up new outlets
Public sector oil marketing companies (OMCs) like Indian Oil Corp (IOC) want the government to allow them to invest on new fuel retail outlets without restriction. It may be recalled that the union government recently prohibited these firms, who are sitting on large pile of debt, from making investment in retail
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IOC to get land from Ennore Port for LNG terminal
Ennore Port (EPL) received approval of the union cabinet to lease land measuring 520,000 square metre to a joint venture led by state-owned Indian Oil Corp (IOC) for the 5 million tonne a year liquefied natural gas (LNG) terminal project. While IOC will hold majority stake in the joint venture, Tamil Nadu Industrial Development Corporation (TID
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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