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B Ashok News

03 Nov 2015

Indian Oil Corp reports Q2 net loss of Rs 329 crore

IOC has made net loss of Rs 329.17 crore in the July- September quarter of the current fiscal, compared to net loss of Rs 898.46 crore in the same period a year ago, the company chairman B Ashok told reporters here.

13 Oct 2015

Paradip Refinery commercial commissioning very soon: IOCL

Optimistic about the commercial commissioning of its Rs 35,000 crore refinery project at Paradip in Odisha "very very soon," the IOCL Tuesday said the entire world is looking at the project because of its volume and uniqueness.

Indian Oil Corp

25 Sep 2015

IOC to invest Rs 1.5 trillion in seven years

Indian Oil Corp will make an investment of Rs 1.5 lakh crore, including Rs 50,000 crore for expanding its existing brownfield refineries, in the next five to seven years, a top company official said Friday.

Indian Oil Corporation

16 Sep 2015

Indian Oil to invest Rs 1.75 trillion over 7 years

Country's largest oil refiner Indian Oil Corporation (IOC) Tuesday said it will be investing Rs 1.75 trillion over the next seven years to expand output by 54 percent to around 100 million tonnes per annum.

27 Aug 2015

IOC raises oil import from Latin America to cut costs

IOC, the nation's biggest oil firm, spent Rs 1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15.

10 Aug 2015

Construction work for Ennore LNG terminal begins: IOC

The company had inked a memorandum of understanding with the Tamil Nadu government for the project.

10 Aug 2015

Crude oil rates likely to remain in current range: IOC chief

"Looking at the current trend and global developments, we certainly believe that the crude prices are likely to remain in the current range," he told reporters here.

29 Nov 2014

IOC's Paradip Refinery to be commissioned from March 2015

India's largest refiner and oil marketing company Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery will be commissioned in phases from March 2015 onwards, said chairman B Ashok on Saturday.

Indian Oil Corporation

12 Sep 2014

IOCL plans to automate 7,500 retail outlets in 2014-15

State-run Indian Oil Corporation plans to automate 7,500 outlets by 2014-15, its chairman B Ashok said on Friday.

12 Aug 2014

IOC posts Rs 2,523 crore profit in June quarter

Indian Oil Corporation (IOC), the nation's biggest oil firm, Tuesday reported a net profit of Rs 2,523 crore in the June quarter after government and upstream firms made good most of its losses on fuel sales.

16 Jul 2014

B Ashok takes over as IOC Chairman

B Ashok on Wednesday took over as the Chairman of Indian Oil Corp, the nation's largest oil firm.

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