Indian Oil Corporation Limited, together with its subsidiaries, is engaged in refining, transporting, and marketing petroleum products in India. It is also involved in the exploration and production of crude oil and gas; and marketing of natural gas and petrochemicals. The company’s products include LPG, natural gas, petrol/gasoline, diesel/gas oil, aviation turbine fuel/jet fuel, lubricants and greases, marine fuels and lubricants, kerosene, bulk/industrial fuels, bitumen, petrochemicals, and crude oil. In addition, it offers special products, such as benzene, carbon black feed stock, food grade hexane, jute batching oil, micro crystalline wax, mineral turpentine oil, paraffin wax, propylen...
3079/3, J.B. Tito Marg
New Delhi, 110049
Founded in 1959
Indian Oil Corporation Limited Announces Appointment of A. P. Sawhney, Nominee Director
Jul 23 15
Indian Oil Corporation Ltd. announced that A. P. Sawhney has been appointed as Government Nominee Director of the company with effect from July 22, 2015.
Goevrment Mulling Transferring Stake in Oil PSUs
Jul 20 15
The Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility. The government is looking to sell 5% stake in Oil and Natural Gas Corp. Ltd. (NSEI:ONGC) for INR 120 billion, 10% each in Indian Oil Corporation Limited(BSE:530965) and Oil India Limited (NSEI:OIL) for INR 100 billion and INR 26 billion respectively and 3% stake in Bharat Petroleum Corp. Ltd. (NSEI:BPCL) for INR 20 billion.
Govt May Sell 10% Stake In Indian Oil by August
Jul 10 15
The government may sell 10% stake in Indian Oil Corporation Limited (BSE:530965) by August 2015 as market sentiment on the stock has improved considerably, with stable crude prices and timely receipt of fuel subsidy boosting the financials of Indian Oil.