Arvindar Singh Sahney will be new chairman of IndianOil

 13 Nov 2024 02:15 PM

Arvindar Singh Sahney, current Executive Director at Indian Oil Corporation (IOC), has been appointed as the company's new chairman. Sahney's five-year term follows the completion of Shrikant Madhav Vaidya's extended tenure. Selected from a pool of candidates, Sahney's appointment marks his rise from a three-decade career at IOC, including a recent promotion to Executive Director.

Shares of oil marketing firms get a snub as crude weakens

 05 Nov 2024 05:40 AM

Indian Oil (IOC) fell the most at 4.14%, Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) were down over 3% at close on Monday. Brent crude January Futures were up about 2% after OPEC+ announced a voluntary delay in increasing crude output for the month of December. It was already delayed in October due to falling prices.

IOC Q2 Results: Net profit plummets 99% YoY to Rs 180 crore on inventory losses, reduced refining margins

 28 Oct 2024 08:15 PM

Indian Oil Corp’s net profit dropped 99% to Rs 180 crore in the July-September quarter from Rs 12,967 crore a year earlier on inventory losses and weak refining margins.

IOC: Q2 REVENUE 1.95T RUPEES VS 2.16T (QOQ); EST 1.9T

 28 Oct 2024 03:29 PM

IOC: Q2 REVENUE 1.95T RUPEES VS 2.16T (QOQ); EST 1.9T

IOC: Q2 EXCEPTIONAL ITEM OF 11.6B RUPEES || Q2 LOSS BEFORE EXCEPTIONAL ITEM 9.84B VS PROFIT 34.5B (QOQ)

 28 Oct 2024 03:27 PM

IOC: Q2 EXCEPTIONAL ITEM OF 11.6B RUPEES || Q2 LOSS BEFORE EXCEPTIONAL ITEM 9.84B VS PROFIT 34.5B (QOQ)

IOC: Q2 EBITDA 37.73B RUPEES VS 86.34B (QOQ); EST 111.2B || Q2 EBITDA MARGIN 1.93% VS 4.00% (QOQ); EST 6%

 28 Oct 2024 03:26 PM

IOC: Q2 EBITDA 37.73B RUPEES VS 86.34B (QOQ); EST 111.2B || Q2 EBITDA MARGIN 1.93% VS 4.00% (QOQ); EST 6%

IOC: Q2 SL NET PROFIT 1.8B RUPEES VS 26.4B (QOQ); EST 32.78B

 28 Oct 2024 03:25 PM

IOC: Q2 SL NET PROFIT 1.8B RUPEES VS 26.4B (QOQ); EST 32.78B

India's diesel consumption to rise 3%-4% this fiscal: Indian Oil chairman

 23 Oct 2024 12:59 PM

India's diesel consumption is predicted to grow by 3%-4% this fiscal year, said IOC chairman V Satish Kumar. Despite a 1% rise in demand to 44.4 million tons from April-September due to heavy rains, consumption is anticipated to increase from October with the onset of crop harvesting.

IOC: CO EXEC SAYS AIM TO HAVE AT LEAST 1% SUSTAINABLE AVIATION FUEL BLENDED JET FUEL BY Q2 2025

 23 Oct 2024 10:44 AM

IOC: CO EXEC SAYS AIM TO HAVE AT LEAST 1% SUSTAINABLE AVIATION FUEL BLENDED JET FUEL BY Q2 2025

HPCL, BPCL, IOC shares jump up to 5% as crude prices slip to $75 per barrel

 15 Oct 2024 10:44 AM

Shares of oil marketing companies Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil Corporation (IOC) surged up to 5% on Tuesday following a decline in Brent crude prices to $75 per barrel, down 3% for the day. At market opening, Brent crude futures were down $2.26, or 2.9%, and U.S. West Texas Intermediate crude futures fell $2.19, or 3%.