Oct 19 (Reuters) - Artson Engineering Ltd ::SAYS GOT FAX OF ACCEPTANCE OF 958.9 MILLION RUPEES FROM INDIAN OIL CORPORATION LIMITED.ORDER FOR DETAILED ENGINEERING, SUPPLY, FABRICATION, INSTALLATION, TESTING AND COMMISSIONING OF STORAGE TANKS AT DHUMAD, GUJARAT.
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Aug 29 (Reuters) - Indian Oil Corpn Ltd's CMD Sanjiv Singh says::IN THE NEXT FEW YEARS PETCHEM WILL CONTRIBUTE 20 PERCENT TO PROFITS, GAS TO CONTRIBUTE 10 PERCENT.ENNORE LNG TERMINAL SHOULD BE RUNNING AT 5 MTPA CAPACITY IN TWO YEARS.HALDIA AND CHENNAI PETROLEUM CORP LTD WILL REDUCE ITS FUEL OIL PRODUCTION ONCE THEIR EXPANSION IS OVER.TO SET UP THREE BIOFUEL PLANTS OUT OF WHICH FIRST WILL COME IN 2 YEARS.STILL TAKING WHATEVER IRANIAN CRUDE VOLUME THAT HAS BEEN CONTRACTED FOR THIS YEAR.STILL NOT CLEAR HOW BANKING CHANNELS WILL DEAL WITH IRAN ISSUE.HAVE ALREADY TIED UP ALTERNATE OPTIONS IN CASE IRAN CRUDE PURCHASE HAS TO BE CUT.IRAN'S NATIONAL OIL CO'S SUBSIDIARY WILL CONTINUE TO HOLD ITS STAKE IN THE CPCL REFINERY.SIGNING OF STAKE IN ADANI'S MUNDRA LNG TERMINAL WILL TAKE TIME.IRAN'S NATIONAL OIL CO'S SUBSIDIARY HASN'T FINALISED YET ON WHETHER THEY WILL PARTICIPATE IN THE EXPANSION OF CPCL.
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July 27 (Reuters) - Indian Oil Corpn Ltd ::A MINOR FIRE INCIDENT TOOK PLACE IN THE VDU II UNIT OF LNDIANOIL'S HALDIA REFINERY ON THE EVENING OF 26TH JULY 2018.INCIDENT TOOK PLACE DUE TO AUTO-IGNITION OF LEAKED PRODUCT.REFINERY OPERATIONS AND PRODUCTION ARE NORMAL.
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July 27 (Reuters) - Indian Oil Corp Ltd ::SMALL FIRE AT INDIAN OIL CORP'S 150,000-BARRELS-PER-DAY HALDIA, WEST BENGAL REFINERY THURSDAY NIGHT; NO REPORTS OF INJURIES - SOURCES.THE FIRE CAUSED A SHUTDOWN OF A 40,000-BPD CRUDE UNIT AT THE REFINERY nD8N1QH022.
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May 22 (Reuters) - Indian Oil Corp Ltd Chairman Sanjiv Singh and A K Sharma, Director (Finance)::SAYS JAN-MARCH 2018 GRM AT $9.12/BBL VERSUS $8.95/BBL YEAR AGO.SAYS JAN-MARCH 2018 INVENTORY GAIN OF 34.42 BILLION RUPEES VERSUS 26.34 BILLION RUPEES YEAR AGO.SAYS NO DIRECTIVE FROM GOVERNMENT ON RETAIL FUEL PRICES.SAYS SO FAR, NO DIRECTIVE FROM GOVERNMENT ON IRAN SANCTION.SAYS OIL PRICES WOULD HAVE PROBABLY NOT BEEN SO HIGH HAD IRAN SANCTIONS NOT HAPPENED.SAYS CO WORKING ON ALTERNATIVE PLANS TO TIE UP SUPPLIES IN CASE IRANIAN OIL SUPPLIES ARE HIT DUE TO SANCTIONS.SAYS WILL BOOST OIL PURCHASES FROM TRADITIONAL SUPPLIERS IN CASE OF A CUT IN IRAN SUPPLIES DUE TO SANCTIONS.
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March 29 (Reuters) - Indian Oil Corp Ltd ::APPROVED AUGMENTATION OF KANDLA LPG IMPORT TERMINAL TO 2.5 MMTPA FROM 0.6 MMTPA AT ESTIMATED COST OF ABOUT 5.88 BILLION RUPEES .APPROVED LAYING OF CRUDE OIL PIPELINE IN HALDIA-BARAUNI SECTION, CONVERSON OF EXISTING PRODUCT, GAS PIPELINE FOR ABOUT 32.17 BILLION RUPEES.APPROVED AUGMENTATION OF MATHURA-TUNDLA PRODUCT PIPELINE AT ESTIMATED COST OF 6.86 BILLION RUPEES.APPROVED PROJECT FOR PRODUCTION OF 100 PERCENT BS-VI COMPLAINT MOTOR SPIRIT, HIGH DIESEL AT GUJARAT REFINERY FOR 33.80 BILLION RUPEES.APPROVED ACQUISITION OF MINORITY STAKE OF 4 PERCENT IN LANZATECH NEW ZEALAND LTD FOR $20 MILLION VIA ITS UNIT IOCL SINGAPORE.
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Jan 22 (Reuters) - Indian Oil Corpn Ltd ::SAYS TO CONSIDER ISSUE OF BONUS SHARES.
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Oct 27 (Reuters) - Indian Oil Corpn Ltd :Indian Oil Corp Ltd exec says no immediate plan to sign term deal for import of U.S. crude.Indian Oil Corp Ltd exec says co aims to start trading from Singapore office in 1-2 months.Indian Oil Corp Ltd exec says state oil cos jointly looking at buying stake in producing field in UAE.Indian Oil Corp Ltd exec says co aims to hold 13.5 mln tonnes/yr LNG import facilities in 5 yrs.Indian Oil Corp Ltd exec says co looking at signing long term LNG supply deals.
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Oct 27 (Reuters) - Indian Oil Corp Ltd :Indian Oil Corp Ltd exec says average gross refining margin for June-Sept period was $7.98 per barrel versus $4.32 per barrel last year.Indian Oil Corp Ltd exec says July-Sept period inventory gains at 10.56 billion rupees.Indian Oil Corp Ltd exec says co sees India's annual gasoline demand rising 9-10 percent, diesel over 3 percent in 2017/18.Indian Oil Corp Ltd exec says co may export 3-4 cargoes of diesel in 1-2 months.
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Oct 27 (Reuters) - Indian Oil Corp Ltd :Says Sept quarter net profit 36.96 billion rupees.Sept quarter revenue from operations 1.11 trln rupees versus 1 trln rupees last year.Average gross refining margin $6.08 per barrel for April-Sept period.Net profit in Sept quarter last year was 31.22 billion rupees.Consensus forecast for Sept quarter net profit was 63.45 billion rupees.
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