Indian Oil Corporation floats new unit for clean energy business
The new subsidiary will help IOC in achieving net zero emissions from its operations by 204615-03-2023
15-03-2023
INDIAN OIL CORPORATION LTD. - 530965 - Formation Of Wholly Owned Subsidiary To Undertake Low Carbon, New, Clean & Green Energy Businesses.
Board of lndianOil at its meeting held on 14th March 2023 has accorded approval for formation of a Wholly Owned Subsidiary (WoS) in India, subject to approval of NITI Aayog, DIPAM etc. to operate in the domain of low carbon, new, clean and green energy businesses.15-03-2023
INDIAN OIL CORPORATION LTD. - 530965 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Details of loss of share certificates15-03-2023
Indian Oil keen for developing Haldia refinery into petrochemicals complex
Oil marketing PSU Indian Oil Corporation (IOC) is keen to develop its existing refinery in West Bengal Haldia into a petrochemicals complex for sustaining operations profitably, a company official said on Wednesday. Running a standalone refinery is not sustainable in terms of profitability for which it has to be supplemented by a petrochemicals complex, he said. "We want to set up a petrochemicals complex contiguous to the Haldia refinery whose current capacity is 8.5 million tonnes per annum (mtpa)", the company official said. IOC has sought land from Haldia Fertiliser Corporation (HFC), whose factory is lying defunct, for developing the petrochemicals complex, he said. "We have sought 175 acres of land from HFC. It is near the refinery and it has been given on lease by Haldia Dock Complex (HDC) to the ministry of chemicals and fertilisers ministry. We are seeking the land for the petrochemicals project", the IOC official said. Drawing an analogy, the official said the Paradip ..08-03-2023
Online sealing done to prevent further damage to crude oil pipeline: CPCL
Chennai Petroleum Corporation Ltd and Indian Oil Corporation have completed online sealing of the crude oil pipeline to prevent any further damage following the leakage that occurred last week on the Nagore Pattinacherry coast in Tamil Nadu, officials said on Sunday. Currently, the officials of the Indian Oil group company are engaged in the flushing of the pipeline in a controlled manner to make the pipeline "hydrocarbon free". "No abnormality was observed today," CPCL said in its update today. A mobile oil recovery unit and oil dispersants were used to avoid any impact to the environment due to the leakage, it said. Officials from CPCL and IOCL were working round the clock while the Nagapattinam district administration has been extending its full support to the operation. Meanwhile, fishermen from the village in Nagapattinam district reportedly continued their agitation today demanding the authorities to remove the underwater pipeline. Fishermen claimed fish died due to the oi05-03-2023
IOC plans to set up green hydrogen plants at all refineries by 2047; aims to achieve net zero emission
Although hydrogen is being hailed as the fuel of the future because it burns cleanly, emitting just oxygen and water, its relative cost premium over alternative fuels now restricts its use in industry.26-02-2023
IOC to set up green hydrogen plants at all refineries; lines up Rs 2 trn
India's top oil firm IOC will set up green hydrogen plants at all its refineries as it pivots a Rs 2-lakh crore green transition plan to achieve net-zero emissions from its operations by 2046, its chairman Shrikant Madhav Vaidya said. Indian Oil Corporation (IOC) is remodelling business with an increased focus on petrochemicals to hedge volatility in the fuel business, while at the same time turning petrol pumps into energy outlets that offer EV charging points and battery swapping options besides conventional fuels as it looks to make itself future-ready, he said. The company intends to expand its refining capacity to 106.7 million tonnes per annum from 81.2 million tonnes as it sees India's oil demand climbing from 5.1 million barrels per day to 7-7.2 million bpd by 2030 and 9 million bpd by 2040. "Oil will continue to be a mainstay fuel for the next few years but we are preparing for transition which will involve a combination of green hydrogen, biofuels, EVs and alternate fuels,26-02-2023
IOC plays cupid and matchmaker at workplace
Says it is a way to check attrition and help employees stay bonded to the company24-02-2023
INDIAN OIL CORPORATION LTD. - 530965 - Disclosure Under SEBI (LODR) Regulations 2015
It is hereby informed that the term of Shri Ranjan Kumar Mohapatra (DIN - 08006199), Director (Human Resources) who was appointed by Govt. of India for a period of 5 years has come to end on 18.02.2023. As per the Government guidelines, he continues as Director (Human Resources) of the Corporation, until further advise / communication from Ministry of Petroleum & Natural Gas (MoP&NG), the Administrative Ministry.20-02-2023
Hydrogen energy project with IOC, Renew should see some action after April: L&T CFO
Shankar Raman, Whole Time-Director & Chief Financial Officer, Larsen & Toubro, speaks to businessline on the company's plans ahead.17-02-2023