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Indian Oil Corporation News

Oil pipelines proposed along rail tracks 07:07 Aug 31 2014 from Business Standard

State-owned Indian Oil Corporation has made this proposal to tide over the numerous hurdles oil companies face while laying pipeline...


IOC seeks government nod for laying pipeline along railway tracks 05:08 Aug 22 2014 from DNA India

In a move that can help the oil marketing companies rapidly establish necessary infrastructure for transport of crude, petroleum products and gas, Indian Oil Corporation (IOC) has proposed to the government to allow usage of railways land for laying ...


IOC standalone Jun '13 sales at Rs 110,466.61 crore 04:32 Aug 14 2013 from Moneycontrol

Indian Oil Corporation has reported a standalone sales turnover of Rs 110,466.61 crore and a net loss of Rs 3,093.23 crore for the quarter ended Jun '13. Other income for the quarter was Rs 492.39 crore.For the quarter ended Jun 2012 the standalone


No loss on petrol sales; govt to tweak fuel prices: IOC 07:06 Aug 13 2013 from Moneycontrol

There has been no loss on petrol sales currently and it is up to the government to tweak the prices of LPG, diesel and kerosene, PK Goyal, director-finance, Indian Oil Corporation (IOC) told CNBC-TV18 after the PSU declared quarterly earnings on


IOC Q1 net loss may decline to Rs 4,700 cr 01:16 Aug 13 2013 from Moneycontrol

Indian Oil Corporation (IOC) will declare its first quarter earnings today. Analysts on an average expect net loss of state-run oil retailer may drop to Rs 4,700 crore during the quarter from Rs 22,450 crore reported in a year ago period. Sales may


IOC divestment govt's call, but this not right time: Goyal 10:11 Aug 01 2013 from Moneycontrol

The Cabinet today cleared the proposal for sale of 10 per cent government stake in Indian Oil Corporation (IOC), which may fetch around Rs 3,750 crore to the exchequer at the current market price. Speaking to CNBC-TV18, PK Goyal, director-finance of


IOC hikes petrol prices by Rs 2/ltr effective midnight 06:50 Jun 15 2013 from Moneycontrol

State-owned Indian Oil Corporation (IOC) announced on Saturday evening that it has hiked petrol prices by Rs 2 per litre, effective midnight, reports CNBC-TV18.The hike, IOC added, follows the steep fall in the rupee and the rise in global


Will hike diesel prices at end of June: IOC 12:24 Jun 11 2013 from Moneycontrol

Indian Oil Corporation (IOC)may hike diesel prices by another 50 paise onlyat month-end after the government nod, said director of finance PK Goyal. Hefurther said as per the government directive, we have the flexibility of


IOC Q4 net beats analyst estimates on high susbsidy 09:03 May 31 2013 from Moneycontrol

State-owned Indian Oil Corporation's fourth quarter numbers beat analyst estimates, mainly on subsidy payment from the government. Increased subsidy of Rs 53,278.07 crore from the government to defray the cost of selling fuel below cost


Will lower crude price, higher GRMS boost IOC's Q4 nos? 10:25 May 30 2013 from Moneycontrol

Moneycontrol Bureau Indian Oil Corp (IOC) is expected to post over 7 percent year-on-year jump in March quarter profit to Rs 13600 crore on better refining margins and consistent diesel price hike since January. According to a CNBC-TV18 poll,