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Indian Oil Corpn Ltd (IOC.NS)

IOC.NS on National Stock Exchange of India

131.10INR
10:27am GMT
Change (% chg)

Rs1.80 (+1.39%)
Prev Close
Rs129.30
Open
Rs129.00
Day's High
Rs131.45
Day's Low
Rs128.30
Volume
5,912,967
Avg. Vol
13,123,679
52-wk High
Rs206.45
52-wk Low
Rs105.25

Latest Key Developments (Source: Significant Developments)

Indian Oil Corp Exec Says Dec-Qtr Gross Refining Margin At $1.15/BBL
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Indian Oil Corp chair Sanjiv Singh, head of finance A K Sharma::DEC QUARTER GROSS REFINING MARGIN AT $1.15/BBL.DEC QUARTER INVENTORY LOSSES AT 66.55 BILLION RUPEES.DEC QUARTER FOREX GAIN AT 20.84 BILLION RUPEES.AIMS TO COMMISSION ENNORE LNG TERMINAL NEXT MONTH.HOPES TO OPERATE 5 MTPA ENNORE LNG TERMINAL AT FULL CAPACITY IN 2 YEARS.SEES INDIA'S FY19 FUEL DEMAND RISING BY 4-5 PERCENT."WE WANT EXTENSION OF WAIVER" FROM US SANCTIONS AGAINST IRAN.OPEN TO BUY US OIL IN NEW TERM DEALS.CO DOES NOT BUY VENEZUELAN OIL.CO TALKING TO IRAN FOR RENEWAL OF ANNUAL TERM DEAL TO BUY OIL.CO SIGNED ANNUAL TERM DEAL WITH IRAQ TO BUY 18 MILLION TONNE OIL IN 2019 VERSUS 17.8 MILLION TONNE YEAR AGO.TO BUY 4-5 MILLION TONNE BASRA HEAVY IN 2019.CO TO SHORTLY RAISE $400 MILLION VIA 5YR FOREIGN DEBT.  Full Article

Indian Oil Corp Exec Says Co Expecting Normal Profit In March Qtr
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Indian Oil Corp head of finance A K Sharma::EXPECTING NORMAL PROFIT IN MARCH QUARTER.NOT EXPECTING INVENTORY LOSSES IN MARCH QUARTER.CO TO BUY 74 PERCENT OIL NEEDS THROUGH TERM DEALS IN FY19.CO SEES MORE REFINERY UNITS SHUTDOWN IN 2019 FOR PRODUCING EU VI COMPLIANT FUELS.  Full Article

Indian Oil Corp Dec Qtr Profit Plunges
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Indian Oil Corpn Ltd ::DEC-QUARTER PROFIT AFTER TAX 7.16 BILLION RUPEES - CNBC - TV18.DEC QUARTER REVENUE FROM OPERATIONS 1.60 TRLN RUPEES VERSUS 1.31 TRLN RUPEES LAST YEAR.DEC QUARTER NET PROFIT OF 78.83 BILLION RUPEES LAST YEAR.APRIL-DEC AVERAGE GROSS REFINING MARGIN $5.83 PER BARREL VERSUS $8.28 SAME PERIOD LAST YEAR.DEC QUARTER NET PROFIT 7.17 BILLION RUPEES.THE PROFIT ALERT WAS FIRST SOURCED FROM TELEVISION AND LATER CONFIRMED AS 7.17 BLN RUPEES FROM THE NSE.  Full Article

Indian Oil Corpn Launches Issue Of $900 Mln 4.75 Pct Notes
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Indian Oil Corpn Ltd ::SAYS LAUNCHED ISSUE OF $900 MILLION, 4.75 PERCENT NOTES PRICED ON JANUARY 10, 2018.NOTES ARE EXPECTED TO BE SETTLED BY JANUARY 16, 2019.INDIAN OIL CORPN - NET PROCEEDS OF ISSUE OF NOTES WILL BE APPLIED BY CO TO FUND WORKING CAPITAL REQUIREMENTS FOR NORMAL COURSE OF BUSINESS.  Full Article

Indian Oil Corp Approves Buyback Of Shares Worth Up To 44.35 Bln Rupees
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Indian Oil Corpn Ltd ::APPROVED BUYBACK OF UP TO 297.7 MILLION SHARES FOR AMOUNT UP TO 44.35 BILLION RUPEES.DECLARED INTERIM DIVIDEND OF 6.75 RUPEES PER SHARE.  Full Article

Indian Oil Corp Says India Govt Cuts Stake In Co By 2.69 Pct
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Indian Oil Corpn Ltd ::GOVERNMENT OF INDIA CUTS STAKE IN CO BY 2.69 PERCENT TO 54.06 PERCENT.  Full Article

Adani Gas Gets 13 City Gas Distribution Projects
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Adani Gas Ltd ::SAYS ADANI GAS EXPANDS PAN-INDIA CGD PRESENCE, BAGS 13 CGD PROJECTS.CO HAS ALSO WON 9 GEOGRAPHICAL AREAS IN ITS JV CO WITH INDIAN OIL CORP.  Full Article

Indian Oil Corp Exec Says Have To Shut Units At All IOC Refineries To Hook Up EU VI Fuel Units
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Indian Oil Corp Ltd's Director(Finance) A K Sharma::EXEC SAYS WILL HAVE TO USE ALTERNATE PAYMENT CHANNEL FOR OIL PURCHASES IN SEPT-OCT.EXEC SAYS INDIAN REFINERS TO BENEFIT IF IRAN STARTS ACCEPTING OIL PAYMENT IN RUPEES.EXEC SAYS INDIAN REFINERS HAVE ASKED OIL PRODUCERS TO ACCEPT OIL PAYMENTS IN RUPEES.EXEC SAYS IRAQ GIVES 60 DAYS CREDIT ON OIL SALES.EXEC SAYS CURRENTLY NOT GETTING COMPETITIVE OFFER FROM THE US FOR OIL PURCHASES.EXEC SAYS HOPE IN FUTURE WE WILL GET BETTER OFFER FOR US OIL BUY.EXEC SAYS CURRENT DEBT AT 590 BILLION RUPEES.EXEC SAYS HAVE TO SHUT UNITS AT ALL IOC REFINERIES TO HOOK UP EU VI FUEL UNITS.EXEC SAYS UNITS SHUTDOWN TO TAKE PLACE IN NEXT FISCAL YEAR.EXEC SAYS AVERAGE SHUTDOWN OF UNITS WILL BE FOR AT LEAST 30 DAYS.EXEC SAYS SHUTDOWN OF UNITS AT REFINERIES TO TAKE PLACE AFTER MAY 2019.  Full Article

Indian Oil Corp Exec Says Hopeful India Will Have Some Clearance From U.S. To Continue Purchase Of Iran Oil
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Indian Oil Corp Ltd's A K Sharma Director (Finance) and Chairman Sanjiv Singh::SEPT QUARTER GRM AT $6.79/BBL VERSUS $7.98/ BBL YEAR AGO.EXEC SAYS SEPT QUARTER INVENTORY GAINS AT 44.08 BILLION RUPEES VERSUS 10.56 BILLION RUPEES YEAR AGO.EXEC SAYS HOPEFUL THAT INDIA WILL HAVE SOME CLEARANCE FROM U.S. TO CONTINUE PURCHASE OF IRAN OIL.EXEC SAYS LOSS OF SUBSTANTIAL VOLUME OF IRAN OIL FROM MARKET WILL IMPACT PRICES.EXEC SAYS DECISION ON BUYING IRAN OIL IN DECEMBER WILL BE TAKEN LATER THIS MONTH.EXEC SAYS HOPES OIL MARKETING COS TO RAISE $10 BLN UNDER NEW WORKING CAPITAL NORMS IN 8-10 MONTHS.EXEC SAYS CO'S REVENUE LOSS WILL BE 22 BLN RUPEES ON SELLING GASOLINE, GASOIL AT 1 RUPEE/LITER DISCOUNT IN 6 MTHS TO MARCH.  Full Article

Indian Oil Corp Sept-Qtr Net Profit Falls
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Indian Oil Corpn Ltd ::SEPT QUARTER NET PROFIT 32.47 BILLION RUPEES VERSUS PROFIT OF 36.96 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER NET PROFIT WAS 50.88 BILLION RUPEES.SEPT QUARTER REVENUE FROM OPERATIONS 1.52 TRLN RUPEES VERSUS 1.11 TRLN RUPEES LAST YEAR.APRIL-SEPT AVERAGE GROSS REFINING MARGIN $8.45 PER BARREL.  Full Article

Indian Oil Corpn Ltd News

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Saudi Aramco in talks on further Indian investments

NEW DELHI Saudi Aramco, the world's top oil exporter, is in talks on possible investments in Indian projects involving companies including Reliance Industries, operator of the world's biggest refining complex, its chief executive said on Wednesday.

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Earnings vs. Estimates

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