Monday, December 5, 2022
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Indian Oil Corporation

News Updates

IOC, HPCL, BPCL loss at Rs 2,749 cr in Q2, total loss in H1 reaches Rs 21,201 crore

PSU Watch Bureau -
IOC, BPCL and HPCL have posted a combined loss of Rs 21,201.18 crore in H1 of the current financial year, which is the highest ever for any six-month period
News Updates

Barauni Plant of HURL commences Urea production

PSU Watch Bureau -
Barauni Plant of Hindustan Urvarak & Rasayan Limited (HURL) commenced urea production on Wednesday, said an official statement
News Updates

Cabinet okays Rs 22,000 cr as one-time grant for PSU OMCs to cover losses in LPG

PSU Watch Bureau -
The Union Cabinet has approved the proposal of the Petroleum Ministry to give a one-time grant amounting to Rs 22,000 crore to three PSU OMCs
PSU Appointments

Sanjay Kaushal appointed as CFO of Indian Oil

PSU Watch Bureau -
Sanjay Kaushal has been appointed as CFO of Indian Oil Corporation (IOC) after Sandeep Kumar Gupta, former Director (Finance), took charge as GAIL CMD
News Updates

Sandeep Kumar Gupta takes over as GAIL CMD

PSU Watch Bureau -
Seasoned finance professional and Indian Oil Corporation's former Director (Finance) Sandeep Kumar Gupta has taken charge as GAIL CMD
News Updates

Indian Oil raises Rs 2,500 cr in debt at interest lower than sovereign

PSU Watch Bureau -
Indian Oil raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds
News Updates

Indian Oil Company to expand operations in Sri Lanka

PSU Watch Bureau -
The Indian Oil Corporation (IOC) will expand its operations in Sri Lanka by opening 50 fuelling stations, A top official of the LIOC said on Monday
News Updates

Indian Oil targets meeting 10% of energy requirements from green hydrogen by 2030

PSU Watch Bureau -
Indian Oil is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen
News Updates

Indian Oil to invest Rs 740 crore to raise Digboi refinery capacity

PSU Watch Bureau -
State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation's oldest oil refinery at Digboi in Assam
News Updates

Sri Lanka: Indian Oil subsidiary Lanka IOC provides fuel as govt pumps go dry

PSU Watch Admin -
Lanka IOC kept its pumps open throughout Tuesday as the cash-starved government's fuel entity's fuel stations did not operate in the island nation...
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PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.

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