"indian-oil-corporation"

JV entity IOC Phinergy to set up GW scale aluminum-air system manufacturing facility

Sources said IOC had proposed monetising some of its hydrogen producing units in lieu of its product pipelines which the government wants the company to monetise.

Petroleum had been included in the strategic sector as it ensures energy security for the country.

Finance Minister Nirmala Sitharaman in her Budget for fiscal year beginning April 1, announced monetisation of oil and gas pipeline assets of IOC, gas utility GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).

Even with multiple suitors, the interest level for BPCL remains low in current subdued market conditions

PNGRB issued an order granting more time to 41 city gas entities to complete their rollout commitment

IOC reported a standalone net profit of Rs 6,227.31 crore, or Rs 6.78 per share, in the July-September quarter, as compared to Rs 563.42 crore net profit in the same period a year back