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Chemicals >  Petrochemicals & Hydrocarbons > Indian Oil Corporation
Indian Oil Corporation
IndianOil controls 10 of India's 18 refineries with a current combined rated capacity of 49.30 million metric tonnes per annum (MMTPA) or 990 thousand barrels per day (bpd). These include subsidiaries Chennai Petroleum Corporation Ltd and Bongaigaon Petroleum Corporation Limited. It owns and operates the country's largest network of cross-country crude oil and product pipelines of 7,170 km, with a combined capacity of 52.75 MMTPA
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Corparate Office:
3079/3,
J B Tito Marg, Sadiq Nagar
New Delhi, DH, 110049
Phone : +91-11-26260000
/images/logos/local/th_indraprastha.jpgIndraprastha Gas Ltd
Indraprastha Gas Ltd. is a joint venture of GAIL (India) Limited, Bharat Petroleum Corporation Limited and the Government of the National Capital Territory of Delhi. IGL was incorporated to implement the Compressed Natural Gas (CNG) expansion programme and the Piped Natural Gas (PNG) project for varied applications in the domestic and commercial sectors
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/images/logos/local/th_ingenero.jpgIngenero
Ingenero provides remote monitoring and optimization for continuous process manufacturers, such as petroleum refineries and chemical producers. Its service allows clients in the US and Asia to increase yield, improve safety, and reduce emissions. Most services are provided from Ingenero's facility in India. Ingenero has established an alliance with United Oil Products (UOP), a major supplier of process technology, to jointly market the services of the two companies.
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/images/logos/local/th_kochirefineries.jpgKochi Refineries Ltd.
Kochi Refineries Limited (formerly known as Cochin Refineries Limited) is a petroleum refining company with Bharat Petroleum Corporation Limited (BPCL) as the majority shareholder...They took the road of quality and responsibility. And it paid rich dividends of goodwill and progress. It was thirty-five years back that KRL, formerly known as Cochin Refineries Ltd., started as a refinery with a capacity of 2.5 million metric tons per annum.In addition to producing petrol, the company also makes diesel, kerosene, liquefied petroleum gas (LPG), furnace oil, aviation turbine fuel, and bitumen.
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/images/logos/local/th_mahanagargas.jpgMahanagar Gas Limited (MGL)
Mahanagar Gas Limited (MGL), a pioneering initiative to bring clean, safe efficient and affordable Piped Natural Gas, direct to over 6,00,000 homes in Mumbai. Presently MGL has connected to more than 1,80,000 households in Mumbai.
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/images/logos/local/th_oilco_services.jpgOilco Services
Oilco Services (India) Limited was incorporated in 1999 and commenced its operational activities in the year 2000.Our organisational objective is to supply, install, commission and maintain all equipment that is used in a petroleum retailing station environment. In that, Oilco Services aims at becoming the largest service provider to the petroleum retailing companies in India.
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IOC, BPCL, HPCL gain up to 3% ahead of board meeting on interim dividend
Posted on 23rd March 2017
Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) were trading higher by up to 3% on BSE ahead of their board meetings today to consider the interim dividend.

“The board of directors of the company would consider declaration of second interim dividend for the financial year 2016-17 on March 23, 2017 and record date to be considered,” these companies have said in a separate regulatory filing. Read More


Indian oil companies to use higher cash flows to expand asset base: S&P
Posted on 21st March 2017
NEW DELHI: Indian oil and gas companies are likely use their improved cash flows from market-linked fuel prices to expand their asset base and enhance operational quality, S&P Global Ratings said today.

They are expected to step up investments in upgrading refineries to meet cleaner fuel standards, improve yields and create flexible refinery configurations in product pipeline and gas infrastructure capacities, it said. Read More


Idea Cellular seeks higher valuation at Rs 134/share as Vodafone merger talks enter last lap
Posted on 16th March 2017
Telecommunication major Idea Cellular has reportedly sought higher valuation for its equity at above Rs 134 per share in the proposed merger with Vodafone India, even as the negotiation between the two to unite their businesses are close to finalisation, CNBC TV18 reported on Thursday citing unidentified sources. The price sought by Idea is at about 19% premium to its Wednesday’s closing price of Rs 112.9.

Idea is reportedly insisting on valuing its equity at base price of Rs 134 per share for further negotiations, since it was the price at which it last issues shares in a qualified institutional placement in 2014, CNBC TV18 reported. Read More


Indian Oil Corp buys its first Hibernia crude from Canada’s Suncor
Posted on 16th March 2017
Indian Oil Corp became India’s first refiner to buy light sweet Hibernia crude from Canada’s largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia. A decision by the Organization of the Petroleum Exporting Countries (OPEC) to cut output strengthened Middle East benchmark Dubai against other regional markers, allowing oil from the Americas and Europe to be shipped to Asia at competitive prices. Production in North America, led by U.S. shale output, is increasing after supply cuts by OPEC and non-OPEC countries pushed oil prices to above $50 a barrel. Read More

Govt bails out ONGC, OIL of Rs 22,000 cr royalty liability
Posted on 28th February 2017
New Delhi, Feb 28 () The government has bailed out state-owned oil producers ONGC and Oil India from a potential liability of about Rs 22,000 crore in royalty dues to states like Gujarat and Assam.

The central government will pay two state-owned firms' outstanding liabilities of Rs 14,698 crore directly to the state governments, who will not insist on levy of Rs 7,223 crore interest on payments that were due from April 2008. Read More

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