Category: Indian Oil Corporation

North East LPG cylinder carriers of IOC go on indefinite strike

    Guwahati, Jan 31 (PTI) LPG cylinder transporters of Indian Oil Corporation on Wednesday went on an indefinite strike for the second time in less than two months, alleging pending dues and low rates in recently floated tenders.    An IOC official, however, termed the strike as illegal.    The decision to go for the shutdown was taken after a meeting called by the Food, Public Distribution & Consumer Affairs Department of Assam between IOC and the North East Packed LPG…
Read More…

Source: https://www.theweek.in/wire-updates/national/2024/01/31/cal44-ne-lpg-ld-strike.amp.html

Indian Oil unit to raise $100 million loan from DBS in first GIFT deal

An Indian Oil Corp’s unit has signed its first deal in GIFT City, Gandhinagar to raise a $100 million loan from DBS Bank Singapore, the country’s top refiner said in a statement on Tuesday.IOC Global Capital Management IFSC Limited (IGCMIL), the wholly owned unit of Indian Oil, will use the funds to refinance the parent’s existing external commercial borrowing.Through IGCML, the group aims to bring greater coherence and control to overseas investments, Indian Oil chairman Shrikant…
Read More…

Source: https://m.economictimes.com/industry/energy/oil-gas/indian-oil-unit-to-raise-100-million-loan-from-dbs-in-first-gift-deal/amp_articleshow/107268949.cms

Indian Oil unit to raise $100 million loan from DBS in first GIFT deal

An Indian Oil Corp’s unit has signed its first deal in GIFT City, Gandhinagar to raise a $100 million loan from DBS Bank Singapore, the country’s top refiner said in a statement on Tuesday.IOC Global Capital Management IFSC Limited (IGCMIL), the wholly owned unit of Indian Oil, will use the funds to refinance the parent’s existing external commercial borrowing.
Through IGCML, the group aims to bring greater coherence and control to overseas investments, Indian Oil chairman Shrikant…
Read More…

Source: https://b2bchief.com/indian-oil-unit-to-raise-100-million-loan-from-dbs-in-first-gift-deal/

CONCOR and Indian Oil Sign MOU for Collaborative Logistics Ventures

By Aayush KhannaIn a significant event witnessed by dignitaries including Shri. Sanjay Swarup, CMD CONCOR, and Shri Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a Non-Binding Memorandum of Understanding (MOU) was signed between Container Corporation of India Ltd (NS:) (CONCOR) and Indian Oil Corporation Ltd (NS:) (IOCL) on January 29, 2024, at CONCOR Bhawan, New Delhi.The purpose of this MOU is to facilitate discussions and cooperation between Indian Oil and…
Read More…

Source: https://in.investing.com/news/concor-and-indian-oil-sign-mou-for-collaborative-logistics-ventures-3992838

Maharashtra Seamless shares up 2% on winning Rs 116-cr contract from IOC

Story continues below Advertisement

The share price of Maharashtra Seamless rose 2.5 percent in the opening trade on January 29 after the company received two contracts with an aggregate basic value of Rs 116 crore approximately from Indian Oil Corporation for the supply of seamless pipes.
Maharashtra Seamless will dispatch the pipes as and when…
Read More…

Source: https://www.moneycontrol.com/news/business/stocks/maharashtra-seamless-shares-up-2-on-winning-rs-116-cr-contract-from-ioc-12131831.html/amp

Two tankers damaged as fire breaks out in petrol pump at Rajpura




Flames emanating from a petrol pump that caught fire mysteriously at Rajpura in Samba district on Sunday.
Excelsior CorrespondentJAMMU, Jan 28: A fire broke out in an Indian Oil petrol pump at Rajpura Tehsil of Samba District, this evening, during the emptying of fuel from two tankers.Eyewitnesses said the flames quickly engulfed the petrol pump office and both tankers before personnel could control it, rising several feet high.They…
Read More…

Source: https://www.dailyexcelsior.com/two-tankers-damaged-as-fire-breaks-out-in-petrol-pump-at-rajpura/

Govt Jobs Alert! From Indian Oil to Chandigarh Police, Sarkari Naukri to Apply for This Week

The popularity of government jobs is gaining momentum among the youth in India, thanks to job security, social prestige, and post-retirement benefits. If you find yourself facing challenges in identifying a government job that aligns with your skills and qualifications, here is a compilation of the top government-recruited positions from various organisations for you to explore this week.DELHI HOME GUARD RECRUITMENTThe Directorate General of Home Guards (DGHG), Delhi, is recruiting 10,285…
Read More…

Source: https://www.news18.com/amp/education-career/govt-jobs-alert-from-indian-oil-to-chandigarh-police-sarkari-naukri-to-apply-for-this-week-8756138.html

Govt Halves Budget Support To Oil Firms, Defers Filling Strategic Oil Reserves

The government has halved the amount of equity infusion in state-owned fuel retailers to Rs 15,000 crore for supporting their investments in energy transition projects, the finance ministry has said.Finance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) announced equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum…
Read More…

Source: https://www.news18.com/amp/business/govt-halves-budget-support-to-oil-firms-defers-filling-strategic-oil-reserves-8756064.html

Government halves Budget support to oil firms, defers filling strategic oil reserves ,India News, Business News

The government has halved the amount of equity infusion in state-owned fuel retailers to Rs 15,000 crore for supporting their investments in energy transition projects, the finance ministry has said.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGFinance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) announced equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation…
Read More…

Source: https://www.zeebiz.com/india/news-government-halves-budget-support-to-oil-firms-defers-filling-strategic-oil-reserves-273656/amp