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Indian Oil Corporation Limited (IOC.BO)

BSE - BSE Real-time price. Currency in INR
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168.75+0.60 (+0.36%)
At close: 03:57PM IST
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  • Reuters

    India's IOC sees growth in gasoline, diesel sales in FY2024/2025

    India's top refiner Indian Oil Corp expects its gasoline sales to rise 4.5%-5% in the financial year ending on March 31, 2025, the company's head of marketing said on Tuesday. "We are seeing a steady growth in MS (gasoline) sales," Satish Kumar Vaduguri told reporters on the sidelines of the India Energy Week conference. The company's diesel sales are expected to climb 3% over the same financial year, he said.

  • Reuters

    Indian Oil Corp swings to Q1 profit on higher marketing margins

    BENGALURU (Reuters) -Indian Oil Corp Ltd (IOC) reported a first-quarter profit on Friday, as the country's top refiner benefited from higher fuel sales and marketing margins. The state-owned company's net profit was 137.50 billion rupees ($1.67 billion) for the quarter ended June 30, compared with a loss of 19.93 billion rupees, a year earlier. The company said its gross refining margin, or profit from converting a barrel of oil into refined products, was $8.34 per barrel in the first quarter, compared with $31.81 per barrel a year earlier.

  • Reuters

    UAE'S ADNOC Gas agrees $7 billion-$9 billion 14-year LNG agreement with Indian Oil Corp -statement

    Abu Dhabi's ADNOC Gas on Tuesday announced a 14-year $7 billion-$9 billion deal with Indian Oil Corp to supply 1.2 million metric tonnes of liquefied natural gas (LNG) per year, ADNOC said in a statement. The deal was signed during Prime Minister Narendra Modi's Visit to the United Arab Emirates (UAE) last week, IOC said in a statement issued on Monday, adding that India's trade treaty with the UAE enables it to import LNG without paying a 2.5% import tax.