Indian Oil Corporation

‘Absolutely not going to discontinue’: IOC to keep importing Russian oil despite US curbs; will buy via non-sanctioned suppliers – The Times of India

October 28, 2025 0

Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite fresh US sanctions, as the measures target specific Russian suppliers rather than the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier, Rosneft, which handles nearly 45 per cent of the country’s Russian crude …

Trump’s sanctions on Russian oil firms: Will India’s state-run refiners continue imports? Why experts see limited impact – The Times of India

October 23, 2025 0

India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that together export around 3.1 million …

IOC investment push: Oil giant to spend Rs 1.66 lakh cr in 5 years, focus on refining and renewables – The Times of India

August 30, 2025 0

Indian Oil Corporation (IOC), the country’s largest fuel retailer, has lined up investments worth Rs 1.66 lakh crore over the next five years to strengthen its core refining and fuel marketing operations while accelerating expansion in petrochemicals, natural gas, and renewables, chairman Arvinder Singh Sahney said on Saturday.Addressing shareholders at the company’s annual meeting, Sahney said refining capacity would rise …

Boost for Ujjwala beneficiaries: Govt approves Rs 30,000 crore payout to OMCs for LPG losses; move aims to ensure stable supply – Times of India

August 8, 2025 0

NEW DELHI: In a major relief to public sector oil firms, the Cabinet on Friday approved a Rs 30,000 crore compensation package to offset their losses from selling domestic LPG below cost amid elevated international prices.The package will be paid to Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) in 12 tranches. The Ministry of …

HPCL net profit more than triples in Q3 – The Times of India

January 24, 2025 0

NEW DELHI: Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported more than tripling of its December quarter net profit as marketing margins soared. Consolidated net profit stood at Rs 2,543.65 crore in October-December 2024 – the third quarter of April 2024 to March 2025 fiscal year (FY25) – compared with Rs 712.84 crore earning in the same period a year …