Indian Oil Corp Ltd

Indian Oil Corp Ltd
Indian Oil Corp Ltd
Type: Company
Name: Indian Oil Corp Ltd (Indian Oil Corporation Ltd)
First reported 18 hours ago - Updated 18 hours ago - 1 reports

IOC to operate oil plant in Sri Lanka with local ally

Ending a decade-long uncertainty, India has proposed to Sri Lanka that it is willing to operate an oil storage plant in Trincomalee harbour, a crucial strategic asset, jointly with a local partner. This key arrangement will provide India a major advantage, ... [Published New Indian Express - 18 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Come June 1, no LPG for unverified multiple connections

Tribune News ServicNew Delhi, May 17As part of the clean-up exercise in distribution of petroleum products, cooking gas supplies to households having unverified multiple connections will stop from June 1.Oil companies have been directed to stop supplies ... [Published Chandigarh Tribune - 21 hours ago]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Direct cash transfer of LPG subsidy from June 1

New Delhi, May 17- The Direct Cash Transfer (DCT) of subsidy on cooking gas (LPG) will be effective from June 1 in 20 districts, stated Deputy Commissioner C. Shikha, in a press release issued here yesterday.Oil Minister M. Veerappa Moily announced yesterday ... [Published Star of Mysore - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

OMCs likely to stop LPG supplies to multiple connections with no KYC details

The Oil marketing companies (OMCs) have taken rational step to stop the supplies of liquefied petroleum gas (LPG) cylinders from June 1 onward, to households having multiple-connections with no KYC (know your customer) details provided.According to the ... [Published Oneindia - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Price revision announced by India Oil Corp

Indian Oil Corp has announced the following polymer price revision with effect from May 16, 2013:HDPE: Roll overLLDPE Hi flow: (+) Rs 3000/MTOther grades of LLDPE: (+) Rs 1000/MTPP : (+) Rs 1500/MT...... ... [Published Plastemart.com - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Diesel price hike is credit positive for oil firms: Moody's

: Last week's about Re 1 a litre hike in diesel prices will help state-owned retailers to cut losses they make on selling the fuel at government controlled rates, Moody's Investors Service said today. "The increase came against the backdrop of declining ... [Published Indian Oil & Gas - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

No LPG for households that have multiple connections: IOC

Households which have multiple LPG (cooking gas) connections and where the obligatory Know Your Customer (KYC) norm has not been completed will not get cylinders (including non-subsidised) from June 1, Indian Oil Corporation (IOC) warned in a press r ... [Published Stockwatch.in - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

India: Public Sector Firms Seek Freedom for Retail Investment

State run oil firms are urging the Oil Ministry to grant them the freedom to invest heavily in their retail networks, the Economic Times reports.Indian Oil Corporation, Bharat Petroleum Corp and Hindustan Petroleum have set up 10,236 retail outlets in ... [Published PetrolWorld.com - May 17 2013]
First reported May 16 2013 - Updated May 16 2013 - 2 reports

No refills for multiple cooking gas connection holders from June 1

ReutersMumbai: The public sector oil marketing companies have decided to stop supplies of cooking gas refills to households with multiple connections from June 1 unless they comply with KYC norms, an official said here Thursday.This would include even ... [Published msn.co.in - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Offshore #oil and gas blocks hold great potential in India

Industry players opine that India's offshore exploration sector holds tremendous potential in terms of oil and gas reserves.According to SK Srivastava, Chairman of Oil India (OIL), offshore exploration will play an increasing role in India's efforts to ... [Published ASAPP - May 16 2013]
Entities: India, Short Ton, Crude Oil
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Diesel price hike is credit positive for Indian Oil cos: Moody's

With the price hike, diesel prices have risen a cumulative Rs2.25 per liter since January, which translates into an approximately Rs180 bn ($3.2 billion) decline in under-recoveries. Last Friday, the Indian government allowed the countryâs three oil marketing ... [Published India Infoline - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

How to trade in BoB, IOC and GSPL today

Source: IRIS (16-MAY-13)Comments | Post CommentFollowing technical calls have been recommended by ICICIdirect for intra-day trade on May 16, 2013:1. Bank of Baroda (BoB)'Buy' in the range of Rs 726-728with target of Rs 740-746 higher and stop loss Rs ... [Published MyIris - May 16 2013]

Quotes

..." With respect to the current growth constraints and projections for FY 2013-14, Dr. Rajan said "India would grow somewhere in the 6.1-6.7 per cent band in the current fiscal. On the expected scenario with Indiaâs Industrial Production (IIP) numbers in the coming quarters, he said, "I think that by getting some of the large projects restarted and completed, you will, in a sense, re-energise growth in a number of ways; including the fact that when these projects are completed, their promoters have more cash flow coming in. They can then also sell off some of the debt on these projects to other entities and sometimes even sell off these projects; and thereby liberate or create the financial capacity that they need to undertake new projects." Dr Rajan is confident that Indiaâs manufacturing industry is expected to grow significantly in the coming years. India has inherent capabilities, and work is underway to improve in three major areas: infrastructure, regulation and skills. According to Dr Rajan, all the three areas would see dramatic changes in the coming ten years. On infrastructure, he said "Initiatives like the Delhi-Mumbai Industrial Corridor will be great enablers for manufacturing companies. On the need for enabling regulation, he pointed to the steps that the government was taking to improve efficiency and bring down regulatory hurdles. With respect to education, Dr Rajan lauded the expansion in higher education and said that the government was simultaneously pushing to improve the quality of vocational education. According to him, this double-barrelled approach would provide the knowhow and skills to boost the manufacturing sector. The interview with Dr Rajan was scheduled as a part of IBEFâs ongoing series titled "Perspectives on Indian Economy", wherein the Foundation engages with acclaimed thought leaders and experts for their views on Indiaâs economic growth story."
"A list of such customers is also displayed at the respective LPG distributorships and published in the OMC websites. Only these customers need to submit their KYC details along with proof of identity (POI) and proof of address (POA) immediately to their LPG distributors so as to receive their uninterrupted quota of subsidized cylinders" the statement said
...borrowings, which they typically use to fund the under-recoveries until the government reimburses them six to nine months later," it said. "The higher diesel price will also help lower the companies' interest expenses, for which the government does not compensate the companies."
...This money could be saved as people, mostly rich and influential, queue to for the dealership and willing to invest," he said. "The minister has instructed OMCs (oil marketing companies) to immediately stop providing financial incentives to private entities for setting up retail outlets because banks will give them loans if they outlets are commercially viable. And companies set up [fuel service stations] only after ascertaining its viability" added the official

More Content

All (644) | News (609) | Reports (0) | Blogs (17) | Audio/Video (0) | Fact Sheets (9) | Press Releases (9)
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IOC to operate oil plant in Sri Lanka with loca... [Published New Indian Express - 18 hours ago]
Come June 1, no LPG for unverified multiple con... [Published Chandigarh Tribune - 21 hours ago]
Gas duo keen on Haldia Petro [Published Calcutta Telegraph - 22 hours ago]
Board of BP p.l.c. Concludes Three Day Visit to... [Published BP - May 17 2013]
India Infoline Weekly Newsletter - May 17, 2013 [Published India Infoline - May 17 2013]
Direct cash transfer of LPG subsidy from June 1 [Published Star of Mysore - May 17 2013]
OMCs likely to stop LPG supplies to multiple co... [Published Oneindia - May 17 2013]
Price revision announced by India Oil Corp [Published Plastemart.com - May 17 2013]
Analyzing the Global Crude Oil Industry: 2013 E... [Published Individual.com - May 17 2013]
Diesel crack two-year low seen over on shutdowns [Published SZEenergy.biz - May 17 2013]
Diesel price hike is credit positive for oil fi... [Published Indian Oil & Gas - May 17 2013]
No LPG for households that have multiple connec... [Published Stockwatch.in - May 17 2013]
Sensex down 41 points; consumer durables, healt... [Published MyIris - May 17 2013]
India: Public Sector Firms Seek Freedom for Ret... [Published PetrolWorld.com - May 17 2013]
ITC has been a better performer compared to HUL... [Published Smart Investor - May 17 2013]
Diesel under-recovery down to Rs 3.73 a litre [Published Smart Investor - May 17 2013]
OMC’s directive on LPG supply to those having m... [Published The Hindu - May 16 2013]
Submit KYC form or get ready to face supply cut... [Published Daily Bhaskar - May 16 2013]
No refills for multiple cooking gas connection ... [Published msn.co.in - May 16 2013]
No LPG to households with multiple connections ... [Published Firstpost.com - May 16 2013]
Offshore #oil and gas blocks hold great potenti... [Published ASAPP - May 16 2013]
No LPG to houses with multiple-connections from... [Published Oneindia - May 16 2013]
No refills for multiple cooking gas connection ... [Published Mangalorean - May 16 2013]
Diesel price hike credit positive for oil firms... [Published Firstpost.com - May 16 2013]
Sensex ends slightly higher; realty, oil & gas ... [Published MyIris - May 16 2013]
Sensex trades marginally higher; realty, health... [Published MyIris - May 16 2013]
LPG tanker overturns at Koduvally, schoolboy ki... [Published The Hindu - May 16 2013]
Sensex edges higher; Nifty holds 6,100 mark [Published New Indian Express - May 16 2013]
Sensex pares some gains; HC, oil & gas, banks rise [Published New Indian Express - May 16 2013]
Nifty up 37 pts to trade above 6,100 [Published New Indian Express - May 16 2013]
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Blogs

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BP Buys Forties at 10-Day Low; Glencore Sells R... [Published Energy and energy security - May 12 2013]
BP Plc bought North Sea Forties crude at the lowest price in 10 days. Glencore Xstrata Plc sold Russian Urals blend at a bigger discount to Dated Brent. One Forties cargo for shipment in May was deferred by three days, while another for June was ...
Eye on Iran: Dubai's Trade with Iran Shrinks a ... [Published Solsticewitch13's BOS - Mar 26 2013]
br />o:p> For continuing coverage follow us on Twitter  andjoin our Facebook group.    Top Stories Reuters: "Dubai's trade with Iran plunged by a third in 2012, the Dubaicustoms authority said on Monday, an indication of how much U.S.financial ...
Billionaire to Develop India’s First LNG Import... [Published MaritimeSecurity.Asia - Mar 26 2013]
(Bloomberg) — India’s JSW Group, controlled by the billionaire Jindal family, plans to spend 40 billion rupees ($736 million) to build its first liquefied gas terminal as sliding output at home spurs demand for imports of the fuel. JSW Infrastructure ...
Drumbeat: March 23, 2013 [Published The Oil Drum - Discussions about Energy and Our ... - Mar 23 2013]
Awash in Misinformation: America's Domestic Tight Oil 'Bump' Last month, the standard-bearer for those arguing the U.S. will soon be awash in domestically produced oil testified before the House Energy and Commerce Committee. Daniel Yergin, Chairman ...
Top India Stories From WSJ: Indian Oil to Cut G... [Published WSJ.com: India Real Time - Mar 16 2013]
Your daily round-up of the best of Wall Street Journal’s India coverage: ...
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Press Releases

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ixigo.com Launches India’s First Road Travel App [Published PR.com Press Releases - May 02 2013]
Indian Oil Corporation Awarded the Heavyweight ... [Published PR Newswire: Energy - Mar 25 2013]
Indian Oil Corporation Awarded the Heavyweight ... [Published PR Newswire: Energy - Mar 25 2013]
Research and Markets: Analysis of Indian Oil Co... [Published Business Wire Professional Services News - Feb 12 2013]
Research and Markets: Analysis of Indian Oil Co... [Published Business Wire Energy News - Feb 12 2013]
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