State-owned Indian Oil Corp (IOC) is in talks with L&T-Tata Steel-owned Dhamra Port Co Ltd for setting up a 5 million tons a year LNG terminal in Orissa, the firm’s director incharge of new businesses has ...
State-owned Indian Oil Corp’s (IOC) today said its borrowings have risen to over Rs 79,000 crore, as it lost a record Rs 227 crore per day on selling diesel, domestic LPG and kerosene at controlled rates. ...
State-owned Indian Oil Corp (IOC) has sought a two-year extension of tax breaks available for refineries so that its delayed Rs 29,777 crore Paradip refinery can avail of the benefit. Exemption or holiday, under section 80IB(9) ...
State-owned Indian Oil Corp (IOC) has said it has signed an MoU with UK’s BP for setting up a 1 million tonne acetic acid plant in Gujarat. The Memorandum of Understanding (MoU) is for exploring “the ...
The government will consult Indian Oil Corporation before taking decision on Kingfisher Airlines’ request for direct import of the jet fuel which will help the crisis-ridden carrier to save taxes and costs.
“We will ask the IOC. ...
State-run Indian Oil Corp, the country’s biggest refiner, plans to expand capacity by 87 per cent to 2.46 million barrels per day (bpd) by 2020-21, its head of refineries said. IOC and its subsidiary Chennai Petroleum ...
The Petroleum Ministry has asked for a two-year extension of the tax holiday for refineries under the Income-Tax (I-T) Act so that state-owned Indian Oil Corp’s (IOC’s) much-delayed, Rs 29,777 crore Paradip refinery can avail the ...
India is staring at an energy crisis after December as staterun refineries will start shutting down because they will run out of money to import crude oil, Indian Oil Corp Chairman RS Butola said after declaring ...
The state owned Indian Oil Corp. will invest Rs 961 crore for a 26 per cent stake in a joint venture with Nuclear Power Corp. of India, said IOC chairman.
R S Butola told shareholders at an ...
The government is considering almost doubling Oil & Natural Gas Corp.’s fuel subsidy to reduce expenditure and the fiscal deficit, two people with direct knowledge of the matter said.
The country’s biggest oil explorer may pay about ...