{
Indian Oil Corporation Limited

Companies

}
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001122334455554433221100

UAE India and Sri Lanka sign agreement for Trincomalee energy hub development

The UAE, India, and Sri Lanka have signed a Memorandum of Understanding to transform Trincomalee into a regional energy hub, refurbishing the historic oil tank farm and exploring new refinery construction. A joint venture will oversee projects, including a bi-directional petroleum pipeline to enhance fuel logistics. This initiative aims to strengthen energy security and economic ties amid growing regional competition, particularly from China.
Finance Middle East
United States Dollar Indian Oil Corporation Limited LKA IND Narendra Modi Vikram Misri Anura Kumara Dissanayake Show more
Business & Industry, News Article
08:28 07.04.2025

stock market turmoil as major companies hit 52 week lows

On January 13, 2025, the stock market faced significant pressure, with 295 securities hitting 52-week lows. Notable declines included Life Insurance Corporation (LIC) at ₹823.7, Adani Wilmar at ₹267.1, Olectra Greentech at ₹1,268.1, and Tata Steel at ₹124.18, amid various industry challenges and competitive pressures. The NIFTY 50 index fell 1.06%, while the BSE SENSEX dropped 0.93%, reflecting widespread losses across sectoral indices.
upstox.com
Indian Rupee Relaxo Footwears Limited Tata Steel Ltd Indian Oil Corporation Limited MRF Limited Yes Bank Limited Coal India Limited Central Bank of India Hindustan Copper Limited IND Show more
Finance & Economy, Market Report
09:19 13.01.2025

Brokerage Updates IndusInd Target Price and Upgrades Indian Oil to Buy

UBS has downgraded its target price for IndusInd Bank to ₹1,150 from ₹1,350, reflecting a neutral stance and a 5% cut in EPS for FY25/26. Similarly, Axis Bank and AU Small Finance Bank also saw target reductions. HDFC Bank, ICICI Bank, and Federal Bank remain top picks amid rising non-performing loan risks.Citi maintains a neutral call on Infosys with a target of ₹1,965, noting improvements in discretionary spending, particularly in the US financial services sector. Goldman Sachs favors Syngene and Neuland in the pharma sector while expressing caution on Divi’s, Gland, and Laurus.
Moneycontrol
Indian Rupee AU Small Finance Bank Limited Shriram Finance Limited Axis Bank Ltd Bajaj Finserv Ltd. The Federal Bank Limited HDFC Bank Ltd Indian Oil Corporation Limited Infosys Ltd ICICI Bank Ltd IND Show more
TradFi, Market Report
03:43 13.12.2024

NCLAT approves IL&FS sale of subsidiary to aid debt repayment

The NCLAT has approved the sale of IL&FS Paradip Refinery Water Ltd (IPRWL) by the debt-laden IL&FS group to a successful bidder, potentially allowing the company to repay approximately Rs 1,000 crore in debt. IPRWL was established to supply water for the Paradip Refinery Project in Odisha, developed by IOC. However, IL&FS has yet to secure consent from IOCL for the sale of its stake in IPRWL.
Moneycontrol
Indian Oil Corporation Limited IND
Finance & Economy, News Article
12:46 30.11.2024

bidders flock to indian oils green hydrogen project amid renewed interest

Indian Oil Corporation Ltd (IOCL) is attracting significant interest for its green hydrogen project in Panipat, Haryana, with bidders including Linde's Praxair, Acme Group, and Thermax. The tender, reissued after two previous attempts failed due to low participation, has seen the submission deadline extended to December 2 amid numerous queries regarding eligibility and project complexities.
Moneycontrol
Linde Indian Oil Corporation Limited Acme Group Thermax Limited DEU IND Larsen &Toubro ReNew Power Show more
Finance & Economy, Market Report
10:10 18.11.2024

cng retailers seek price hikes amid government supply cuts and profit scrutiny

CNG retailers are pushing for price hikes following a 20% reduction in low-priced natural gas supplies, which follows a previous 21% cut. The government, citing retailers' substantial profit margins, insists they should absorb the costs of replacing lost volumes and disclose the pricing breakdown of CNG.
Moneycontrol
United States Dollar Indian Oil Corporation Limited IND
Finance & Economy, Market Report
08:20 17.11.2024

Fuel prices remain stable as dealer commissions are increased by oil companies

State-owned fuel retailers have increased the commission paid to petrol pump dealers, effective from October 30, 2024, while maintaining current retail prices for petrol and diesel. In some states, including Odisha, Chhattisgarh, and Himachal Pradesh, prices may actually decrease due to adjustments in intra-state freight. Indian Oil Corporation confirmed that the revised dealer margins will not affect the retail selling price of fuel products.
Moneycontrol
Indian Oil Corporation Limited IND
Regulatory & Legal, Press Release
17:40 29.10.2024

state-run oil marketing companies report 88 percent profit decline in Q2

State-run oil marketing companies (OMCs) faced a challenging second quarter in 2024-25, with a combined net profit plummeting 88% to Rs 3,208 crore, down from Rs 26,586 crore the previous year. This decline was attributed to weak refining margins and lower product cracks, impacting earnings before interest, taxes, depreciation, and amortization (EBITDA) significantly. Analysts noted that Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) all reported substantial misses in their earnings due to these unfavorable market conditions.
Moneycontrol
United States Dollar Bharat Petroleum Corporation Limited Hindustan Petroleum Corporation Limited Indian Oil Corporation Limited IND Emkay Global Show more
Finance & Economy, Market Report
13:29 29.10.2024

ubs maintains buy rating on hindustan petroleum with target of inr445

UBS has maintained a Buy rating on Hindustan Petroleum, setting a target price of INR445, despite the company's Q2 FY2025 EBITDA of Rs27 billion falling short of expectations due to significant LPG under-recoveries and inventory losses. The firm reported gross refining margins of $3.1 per barrel, lagging behind the benchmark, while marketing margins for diesel and gasoline improved. Despite these challenges, HPCL's stock has shown resilience, achieving a 136.07% total return over the past year, indicating investor optimism about its long-term prospects.
Investing.com
United States Dollar Indian Rupee Indian Oil Corporation Limited Hindustan Petroleum Corporation Limited Bharat Petroleum Corporation Limited IND Show more
TradFi, Market Report
15:23 28.10.2024

quarter two earnings season heats up with major companies reporting results

The Q2 earnings season for 2024 is in full swing, with major companies like Bharti Airtel, Sun Pharma, and Indian Oil set to release their financial reports today. Earlier, Reliance Industries reported a 4.8% profit decline, while HCL Tech and TCS posted profit increases of 10.5% and 5.0% YoY, respectively. Upcoming reports from giants such as Maruti Suzuki and Dabur India are also anticipated this week.
Financialexpress
United States Dollar Adani Power Limited Sun Pharmaceutical Industries Limited Bharti Airtel Limited Indian Oil Corporation Limited Ambuja Cements Limited IND Ramesh Kancharla Gaurav Poddar Anand Rathi Show more
Finance & Economy, Market Report
07:23 28.10.2024
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