Edition:
India

Indian Oil Corporation Ltd (IOC.NS)

IOC.NS on National Stock Exchange of India

90.40INR
4 Dec 2020
Change (% chg)

Rs0.50 (+0.56%)
Prev Close
Rs89.90
Open
Rs90.30
Day's High
Rs91.45
Day's Low
Rs89.00
Volume
24,856,327
Avg. Vol
20,073,724
52-wk High
Rs129.70
52-wk Low
Rs71.15

Latest Key Developments (Source: Significant Developments)

Indian Oil Corp Exec Says Co Has No Plans For Share Buy-Back
Monday, 2 Nov 2020 

Nov 2 (Reuters) - Indian Oil Corporation Ltd Executive ::INDIAN OIL EXEC SAYS IOC GROUP POISED TO ACHIEVE THIS FY'S CAPEX TARGET OF 260 BILLION RUPEES.IOC EXEC SAYS PRESSURE FROM GOVERNMENT TO INCREASE CAPEX.IOC EXEC SAYS TRYING TO RAMP UP REFINERIES' OPERATIONS SLOWLY.IOC EXEC SAYS CO VALUED CRUDE AT $43.76/BBL AS ON SEPT 30.IOC EXEC SAYS CO MAINTAINS 15-17 MILLION T CRUDE INVENTORY.IOC EXEC SAYS CO HAS NO PLANS FOR SHARE BUY-BACK.IOC EXEC SAYS INTERNAL RESOURCE GENERATION TO IMPROVE WITH A RISE IN FUEL SALES, INCREASED CRACKS.IOC EXEC SAYS FY22 CAPEX WOULD BE SIMILAR TO FY21.IOC EXEC SAYS AIMS TO SET UP 2,400 RETAIL OUTLETS IN FY21.IOC EXEC SAYS WILL FOLLOW GOVERNMENT'S DECISION ON SHARE BUY BACK.IOC EXEC SAYS CURRENT SHARE PRICE IS NOT A TRUE REFLECTION OF THE CO'S POTENTIAL.  Full Article

IOC Exec Says Refinery Runs To Reach 100% In Couple Of Months
Friday, 30 Oct 2020 

Oct 30 (Reuters) - Indian Oil Corporation Ltd Executive ::INDIAN OIL CORP EXEC SAYS BOARD APPROVES EXPANDING CRUDE PIPELINE CAPACITY LINKED TO GUJARAT REFINERY.IOC EXEC SAYS OPERATING REFINERIES AT 93% CAPACITY AS ON DATE.IOC EXEC SAYS OCT GASOLINE SALES UP 2% Y/Y, DIESEL DOWN 2.6%.IOC EXEC SAYS LOWER DIESEL AND PETROL CRACKS ARE MATTER OF CONCERN.IOC EXEC SAYS CO'S CURRENT BORROWINGS AT 856 BILLION RUPEES.IOC EXEC SAYS SEPT QUARTER GRM AT $8.62/BBL.IOC EXEC SAYS SEPT QUARTER INVENTORY GAINS AT 74 BILLION RUPEES.IOC EXEC SAYS SEPT QUARTER FOREX GAINS 6.72 BILLION RUPEES.IOC EXEC SAYS MAKING EFFORTS TO INCREASE CAPEX SPENDING FOR FY21.IOC EXEC SAYS SITUATION IS LOOKING BETTER FOR FUEL DEMAND.IOC EXEC SAYS PETROL, DIESEL SALES WILL BE BACK TO PRE-COVID LEVEL IN A COUPLE OF MONTHS.IOC EXEC SAYS EXPECT REFINERY RUNS TO REACH 100 % IN A COUPLE OF MONTHS.  Full Article

Indian Oil Reduces Retail Selling Price Of Diesel By 2.93 Rupees/Litre At Delhi During Sept.
Thursday, 1 Oct 2020 

Oct 1 (Reuters) - Indian Oil Corporation Ltd ::REDUCED RETAIL SELLING PRICE OF DIESEL BY 2.93 RUPEES/LITRE AT DELHI DURING SEPT..REDUCED RETAIL SELLING PRICE OF PETROL BY 0.97 RUPEES/LITRE AT DELHI DURING SEPT..NO CHANGE IN RETAIL SELLING PRICE OF DOMESTIC LPG AT DELHI, OTHER MARKETS ACROSS INDIA FOR OCT..  Full Article

India's Petronet LNG In Talks With Long-term Suppliers To Renegotiate Pricing- Exec
Thursday, 1 Oct 2020 

Oct 1 (Reuters) - India Ministry of Petroleum and Natural Gas Secretary Tarun Kapoor::INDIA OIL SECY SAYS IN NEXT 5 YRS ENTIRE COUNTRY WOULD BE CONNECTED WITH GAS PIPELINE NETWORK.  Full Article

Indian Oil Corp Approves Implementing Petrochemical, Lube Integration Project At Gujarat Refinery
Tuesday, 22 Sep 2020 

Sept 22 (Reuters) - Indian Oil Corporation Ltd ::INDIAN OIL CORP LTD SAYS APPROVAL FOR IMPLEMENTATION OF PETROCHEMICAL AND LUBE INTEGRATION PROJECT AT INDIANOIL'S GUJARAT REFINERY.INDIAN OIL CORP LTD SAYS ESTIMATED COST OF 178.25 BILLION RUPEES ..INDIAN OIL CORP -PROJECT TO INCREASE CAPACITY OF GUJARAT REFINERY FROM 13.7 MMTPA TO 18 MMTPA.INDIAN OIL CORP LTD SAYS PROJECT TO RESULT IN INTEGRATION TO PETROCHEMICALS WITH PRODUCTION OF 500 KTPA POLYPROPYLENE..INDIAN OIL CORP LTD SAYS PRODUCTION OF LUBE OIL BASE STOCK OF 235 KTA IS ALSO PROPOSED.IOC- PROJECT WOULD INCREASE PRODUCTS INTEGRATION INDEX ON INCREMENTAL CRUDE OIL THROUGHPUT WHICH WOULD ENHANCE CORPORATE MARGINS OF CO.  Full Article

IOC Chairman Says Sees Petrol, Diesel Demand Reaching Pre-COVID Level Within A Qtr
Monday, 21 Sep 2020 

Sept 21 (Reuters) - :IOC CHAIRMAN SAYS REFINERY RUNS IMPROVED IN SEPTEMBER.IOC CHAIRMAN SAYS SEES PETROL, DIESEL DEMAND REACHING PRE COVID LEVEL WITHIN A QUARTER.IOC CHAIRMAN SAYS REVIEWING REFINERY EXPANSION PLANS.IOC CHAIRMAN SAYS OPERATING REFINERIES AT 70%-75 % CAPACITY.  Full Article

Indian Oil Corp Chairman Says Petrol Demand Climbed Back To Pre-COVID Level In Sept
Monday, 21 Sep 2020 

Sept 21 (Reuters) - Indian Oil Corporation Chairman Says::PETROL DEMAND CLIMBED BACK TO PRE-COVID LEVEL IN SEPT, DIESEL DOWN BY 9%.CO EVALUATING MORE OVERSEAS OIL, GAS ASSETS WITH LOW BREAKEVEN PRODUCTION COST AND SUBSTANTIAL RESERVES.  Full Article

Surya Roshni Gets Orders Worth 2.87 Bln Rupees
Tuesday, 8 Sep 2020 

Sept 8 (Reuters) - Surya Roshni Ltd ::GOT ORDERS WORTH 2.87 BILLION RUPEES.ORDERS FOR API PIPES SUPPLY TO INDIAN OIL CORP AND BHARAT GAS RESOURCES.  Full Article

Indian Oil Corp To Invest 12.68 Bln Rupees In Paradip Refinery
Tuesday, 1 Sep 2020 

Sept 1 (Reuters) - Indian Oil Corporation Ltd ::TO INVEST 12.68 BILLION RUPEES IN PARADIP REFINERY.INVESTMENT TO INSTALL A GRASSROOT NEEDLE COKER UNIT AT REFINERY.  Full Article

Indian Oil Corp Expects Refinery Runs Of 70%-75% In FY 2021
Friday, 31 Jul 2020 

July 31 (Reuters) - Indian Oil Corporation Ltd ::EXPECTS H2 2020 OIL PRICES AT $40/BBL.JUNE QUARTER INVENTORY LOSSES 31.96 BILLION RUPEES.REFINERY CAPACITY UTILISATION DURING JUNE QUARTER AT 69%.REFINERY CAPACITY UTILISATION CURRENTLY HOVERS AROUND 75%.APPROVED SETTING UP PTA PLANT AT PARADIP IN EASTERN INDIA AT COST OF 138 BILLION RUPEES.NO ISSUE IN SOURCING CRUDE FROM MIDEAST.DOES NOT EXPECT FUEL DEMAND TO RECOVER TO PRE-COVID LEVELS IN NEAR FUTURE.FRAMING FUEL RETAILING STRATEGY TO TAKE ON COMPETITION FROM PRIVATE SECTOR.NOT PLANNING TO REVISIT FY 21 CAPEX PLAN OF 260 BILLION RUPEES.NOT LOOKING TO RAISE FUNDS VIA EQUITY, IS SUFFICIENTLY CAPITALISED.TO SET UP AT LEAST 2,000 RETAIL OUTLETS IN FY21.EXPECTS REFINERY RUNS TO BE 70%-75% IN FY21.MAY SHUT SOME UNITS IN GUJARAT REFINERY FOR MAINTENANCE IN FY21.PLANS TO BOOST PETCHEM CAPACITY OF REFINERIES.MAKING ALL-OUT EFFORTS TO USE LOCAL VENDORS IN INDIA GOVERNMENT'S SELF-RELIANCE PUSH.HALDIA REFINERY CAPACITY RAISED TO 160,000 BPD AFTER DISTILLATE YIELD IMPROVEMENT PROJECT.EXPECTS INVENTORY GAINS IN COMING MONTHS.HAS NO IMMEDIATE PLANS TO LEASE STORAGE IN U.S, INDIA GOVERNMENT PLANS TO CREATE STRATEGIC RESERVE IN U.S..  Full Article

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Indian refiners' October oil processing highest since March

Crude oil processed by Indian refiners rose to its highest in seven months in October as fuel demand picked up although throughput remained lower than a year earlier, hurt by the coronavirus pandemic's impact on industrial and transport activity.