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Indian Oil Corpn Ltd (IOC.NS)

IOC.NS on National Stock Exchange of India

136.10INR
10:26am GMT
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Rs4.15 (+3.15%)
Prev Close
Rs131.95
Open
Rs132.00
Day's High
Rs136.90
Day's Low
Rs131.65
Volume
18,708,955
Avg. Vol
11,680,737
52-wk High
Rs213.70
52-wk Low
Rs105.25

Latest Key Developments (Source: Significant Developments)

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

Artson Engineering Gets Fax Of Acceptance From IOC
Friday, 19 Oct 2018 

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.  Full Article

Indian Oil Corp Exec Says To Set Up Three Biofuel Plants, First Will Come Up In 2 Yrs
Wednesday, 29 Aug 2018 

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.  Full Article

Indian Oil Corp Says Haldia Refinery Operations Normal After Minor Fire
Friday, 27 Jul 2018 

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.  Full Article

Small Fire At Indian Oil Corp's Haldia Refinery - Sources
Friday, 27 Jul 2018 

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.  Full Article

Indian Oil Corp Exec Says Jan-March 2018 GRM AT $9.12/BBL
Tuesday, 22 May 2018 

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.  Full Article

India's HPCL to buy Iranian oil in Jan after six-mth gap -sources

NEW DELHI, Dec 7 State-run Indian oil refiner Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation's overall purchases from Tehran at 9 million barrels in the month, four industry sources said.