Sanjaya Bhatnagar takes charge as head of IOC's Gujarat Refinery
He succeeds Sudhir Kumar, who superannuated from the service on January 3103-02-2021
Sanjaya Bhatnagar takes charge as head of IOC's Gujarat Refinery
He succeeds Sudhir Kumar, who superannuated from the service on January 31Indian Oil May Form Subsidiary For Retail Assets To Unlock Value
IOC operates a pipeline network of 14,600 kilometres with a capacity to transport 94.42 million tonnes per annum of crude and fuels and 21.69 million cubic metres per day of gas.INDIAN OIL CORPORATION LTD. - 530965 - Announcement under Regulation 30 (LODR)-Change in Directorate
In compliance with the Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby notified that, consequent upon resignation, Shri Akshay Kumar Singh, Director (Pipelines), (DIN-03579974) has ceased to be a Director of the Company w.e.f. 31st January 2021 (Afternoon). The above is for information and record please.Indian Oil to set up Rs 29,000 crore refinery at Nagapattinam in Tamil Nadu
The new refinery will be established by Indian Oil's subsidiary, Chennai Petroleum Corporation Limited, in which both will hold 25 per cent stake eachIOC to expand Chennai refinery in JV with CPCL; to spend Rs 31,500 cr
IOC holds a 51.89 percent stake in CPCL. The expansion was to originally cost Rs 27,460 crore but is now estimated to cost Rs 31,500 crore. He said the project will be funded in a 2:1 debt-equity ratio.Indian Oil Corporation profit doubles in Q3 on inventory gains
Rising oil prices yielded inventory gains and a rise in petrochemical marginsINDIAN OIL CORPORATION LTD. - 530965 - Disclosure Of Information Under Regulation 30 Of SEBI (LODR) Regulations 2015- Investment Approval For 9 MMTPA Refinery Project At CBR Nagapattinam By CPCL
Pursuant to Regulation 30 read with Part A of Schedule Ill of SEBI (LODR) Regulations 2015, it is hereby notified that the Board of lndianOil at its meeting held on 29th January 2021 has accorded approval for implementation of 9 MMTPA refinery at Cauvery Basin, Nagapattinam in Tamil Nadu by IndianOil''s subsidiary company, Chennai Petroleum Corporation Limited (CPCL) at an estimated cost of Rs. 29,361 crore, to meet the demand of petroleum products in southern India. The Board has also accorded 'In Principle' approval for formation of a joint venture between IndianOil and CPCL with equity holding of 50% (i.e. 25% each in the Joint Venture) and balance to be held by financial / strategic / public investors to be identified later, for implementation of the project, subject to approval of Niti Aayog and other statutory approvals.INDIAN OIL CORPORATION LTD. - 530965 - Board declares Interim Dividend
Indian Oil Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2021, inter alia, has declared an Interim Dividend of 75% i.e. Rs. 7.50 per equity share of face value of Rs.10/- each for the financial year 2020-21.INDIAN OIL CORPORATION LTD. - 530965 - Record Date Of Interim Dividend For The Year 2020-21.
This is in continuation of our earlier communications dated 15th January 2021 and 21st January 2021 intimating the date of the Board Meeting of Indian Oil Corporation Limited for consideration of Unaudited Financial Results and Interim Dividend respectively. The Board has also declared an Interim Dividend of 75% i.e. Rs.7.50 per equity share of face value of Rs.10/- each for the financial year 2020-21. As per Regulation 42(2) of the listing regulations the Board has fixed 10th February 2021 as the 'record date' for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched on or before 28th February 2021. The Board meeting commenced at 9.45 AM and concluded at 12.50 PM.INDIAN OIL CORPORATION LTD. - 530965 - Outcome Of The Board Meeting : (I) Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 31St December 2020 (Ii) Interim Dividend For The Year 2020-21.
In accordance with Regulation 30 read with Part A of Schedule III of SEBI (LODR), it is hereby notified that the Board of Directors at its meeting held today, has approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 31st December 2020. Pursuant to Regulation 33 of SEBI (LODR), please find enclosed the Statements of Unaudited Financial Results (Standalone and Consolidated) with Limited Review Report for the quarter ended 31st December 2020. The Board has also declared an Interim Dividend of 75% i.e. Rs.7.50 per equity share of face value of Rs.10/- each for the financial year 2020-21. As per Regulation 42(2) of the listing regulations the Board has fixed 10th February 2021 as the 'record date' for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend.