The Transporters Meet, an event for the transporter sector will commence in the port city of Visakhapatnam in Andhra Pradesh on Friday (February 21). The event is organised by BusinessLine in association with Indian Oil Corporation Ltd (IOCL) and Mahindra Small Commercial Vehicles, The second edition of the Transporters Meet […]
Indian Oil Corporation
Public sector major Indian Oil Corporation (IOC) has decided to invest Rs 500 crore at Chitradurga in Karnataka. According to the company, the investment is for setting up a terminal for receiving, storage and distribution of petroleum, oil and lubricants (POL) under a common user facility (CUF) spread across an […]
Paradip Port Trust (PPT) has alloted 200 acres of land to Numaligarh Refinery Ltd (NRL) to set up a crude oil terminal within the port premises. The land has been alloted on long-term lease basis. The facility will enable NRL to import crude oil via the major port at Paradip […]
State-run Indian Oil Corporation has bought a minority stake in Israel’s Phinergy and signed a joint venture deal to produce metal-air batteries, an alternative to more mainstream lithium technology. The country’s top refining companys’ Chairman Sanjiv Singh said IOC could use its vast retail network to supply the automotive sector […]
Oil public sector companies including ONGC and IOC will invest over Rs 98,521 crore in the coming fiscal starting April 1 in exploring for oil and gas, refineries, petrochemicals and laying pipelines to meet needs of the world’s fastest-growing energy consuming nation. According to Budget 2020-21 documents, the investment proposed […]
State-owned Indian Oil Corporation has decided to invest US$1.94 billion to expand the capacity of its Barauni refinery in eastern Bihar state by 50 per cent to 180,000 barrels per day by April 2023 The country’s top refiner is raising its refining capacity to meet growing demand for petroleum products […]
The Cabinet Committee on Economic Affairs has approved Rs 5,559 crore in viability gap funding for a 1,656 km gas grid in the Northeast region. This is around 60 per cent of the project cost of Rs 9,256 crore for the pipeline in the region’s eight states, by Indradhanush Gas […]
The Central government’s Expert Appraisal Committee (EAC) has approved Indian Oil Corporation’s Ennore-Kancheepuram underground pipeline project. The project is aimed at ensuring piped natural gas supply to residents and industries in and around Chennai. The 120km pipeline will act as a feeder line for the upcoming city gas grid distribution […]
It looks like a solution is in the pipeline to address the air pollution issue. For, Haryana has received 38 proposals for generating biogas from stubble. According to Haryana Power and New and Renewable Energy Minister, Ranjit Singh, agreement has been signed with Indian Oil Corporation Limited for setting up […]
Indian Oil Corporation Ltd (IOCL) has received clearance from the Union Ministry of Environment to set up a Rs 766-crore 2G ethanol plant in Panipat district in Haryana. In a tweet, Union Environment Minister Prakash Javadekar said, “Happy to inform that Environment Clearance is given to IOCL to set up […]