Indian Oil Corporation Limited (IOC.NS)

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131.06

-0.25

(-0.19%)

At close: 3:30:00 PM GMT+5:30

India denies entry to ship carrying Russian oil over documentation, sources say

NEW DELHI (Reuters) -Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian oil. India is the biggest buyer of seaborne Russian crude. Russian oil accounted for about 35% of overall crude imports in 2024 by India, the world's third biggest oil importer and consumer.

Reuters 6 days ago

IOC.NS
-0.19%
Cheniere Energy and Indian Oil Eye 15-Year LNG Supply Deal

LNG and Indian Oil are in talks for a 15-year LNG deal, as India seeks to secure energy supplies and avoid U.S. trade tariffs.

Zacks last month

LNG

IOC.NS
-0.19%
SUN
Indian Oil buying sanction-free Russian crude oil cargoes, chairman says

Indian Oil is buying Russian crude oil cargoes without the involvement of sanctioned entities and expects gasoline demand to grow 6-7% in the fiscal year 2026, the company's chairman said on Tuesday. Indian petrochemical margins will remain weak in 2025, Indian Oil Chairman A S Sahney said on the sidelines of India Energy Week in New Delhi. "I don't see margins recovering this year as well," Sahney said, adding oversupply in petrochemical markets will keep margins subdued.

Reuters last month

IOCQF.BO
Indian oil companies in talks to buy U.S. LNG supplies

Indian oil companies are looking to buy U.S. liquefied natural gas (LNG), buoyed by the Trump administration's lifting of a ban on export permits for new projects, Oil Secretary Pankaj Jain said on Monday. The world's fourth largest importer of LNG, India aims to raise the share of gas in its energy mix to 15% by 2030 from 6.2% now. "Indian oil companies are talking to U.S. companies for additional LNG sourcing," Jain said, adding that among such companies were GAIL (India) Ltd, Indian Oil Corp and Bharat Petroleum Corp.

Reuters last month

IOC.NS
-0.19%
Indian Oil Corp Ltd (BOM:530965) Q3 2025 Earnings Call Highlights: Record Sales and Strategic ...

Indian Oil Corp Ltd (BOM:530965) reports highest-ever quarterly sales and outlines ambitious growth plans despite facing financial headwinds.

GuruFocus.com 2 months ago

IOC.NS
-0.19%
Indian Oil Q3 net profit drops amid decline in refining margins

Indian Oil reported an 11% increase in third-quarter (Q3) revenue but faces lower profits due to market challenges.

Offshore Technology 2 months ago

IOC.NS
-0.19%
Indian Oil faces decline in Russian oil imports in 2024/25

Indian Oil Corp, the country's top refiner, is facing a potential drop in its Russian oil imports this fiscal year ending March 31, following the latest U.S. sanctions on Moscow, according to its head of finance, Anuj Jain, on Tuesday. Indian refiners are struggling to secure Russian oil supplies following the latest U.S. sanctions aimed at Russian producers, insurers and tankers to reduce Moscow's oil revenue. Supply of Russian oil was low so far this month, while Indian Oil is also expecting shortages of Russian cargoes in March, Jain said during an analyst call following the company's December-quarter earnings.

Reuters 2 months ago

IOC.NS
-0.19%
India refiners ask ADNOC to offer oil delivered price as freight spikes, sources say

Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to manage costs, three refining sources said, after fresh U.S. sanctions disrupted supplies and caused freight rates to spike. Refiners in India, which imports over 80% of its oil, have been hit hard by a spike in global oil prices and shipping rates after Washington recently imposed sweeping new sanctions targeting Russian insurers, tankers and oil producers. The world's No. 3 oil importer and consumer became the top buyer of discounted Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022.

Reuters 2 months ago

IOCQF.BO
India's IOC buys Middle East, African oil to replace Russian supply

SINGAPORE/NEW DELHI (Reuters) -Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi's Murban, as U.S. sanctions are expected to hit supplies from Russia, trade sources said on Friday. Indian refiners are increasing Middle Eastern crude purchases from the spot markets after Washington last Friday announced sweeping sanctions targeting Russian producers and tankers, disrupting supply from the world's No. 2 producer and tightening ship availability. Totsa, the trading unit of French major TotalEnergies, sold the 2-million-barrel Murban crude cargo to IOC on a delivered basis, the sources said.

Reuters 2 months ago

IOCQF.BO
Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say

SINGAPORE (Reuters) -Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday. IOC and other Indian refiners boosted purchase of discounted Russian oil after western entities imposed sanctions and shunned purchases from Moscow over its invasion of Ukraine in 2022. However, severe new U.S. sanctions on Russian producers and tankers are pushing Chinese and Indian refiners to seek alternative supplies.

Reuters 2 months ago

IOC.NS
-0.19%
Indian Oil aims to finish expansion of Panipat, Gujarat, Barauni refineries by Dec 2025

(Reuters) -Indian Oil Corp expects to complete expansion of its refineries in Panipat, Gujarat and Barauni by December of next year, said sources familiar with the information on Tuesday. India's top refiner was expanding the capacity of its Barauni refinery in the state of Bihar from 6.0 million tonnes per annum to 9 million tonnes at an estimated cost 160 billion rupees ($1.90 billion) and there is a 10% cost overrun, the sources added. The state-run refiner is expanding the Panipat Refinery from 15 MMTPA to 25 MMTPA and the Gujarat Refinery from 13.7 MMTPA to 18 MMTPA along with its integration to lube and petrochemical production units.

Reuters 4 months ago

IOC.NS
-0.19%
Indian Oil says fire at refinery fully extinguished, death toll climbs to two

NEW DELHI (Reuters) -Indian Oil Corp said on Tuesday a fire at its Gujarat refinery had been fully extinguished and refinery operations were back to normal, even as the death toll rose to two. The company, in a statement, also confirmed the rise in the death toll and said remaining personnel, plant, and machinery were safe.

Reuters 4 months ago

IOC.NS
-0.19%
Fire at Indian Oil refinery kills 1, injures 2, police official says

One person was killed and two others injured in a fire that broke out on Monday at an Indian Oil Corp refinery in the western state of Gujarat, a senior police official said. "We recovered a burnt dead body from the site," Narasimha Komar, police commissioner of Vadodara city in Gujarat, told Reuters. IOC, which runs a 13.7 million metric tons per annum integrated refinery-cum-petrochemical complex in Gujarat, earlier said a benzene storage tank caught fire at 3:30 PM local time.

Reuters 4 months ago

IOC.NS
-0.19%
India's diesel consumption to rise 3%-4% in current fiscal year, says Indian Oil chair

India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the movement of trucks. "There will be a pick up in diesel consumption from October as rains have stopped and crop harvesting has begun," V. Satish Kumar told reporters on the sidelines of an event organised by the World Biogas Association. IOC is India's largest fuel retailer and refiner.

Reuters 5 months ago

IOC.NS
-0.19%
Top Dividend Stocks On The Indian Exchange

Over the last 7 days, the Indian market has risen by 1.0%, contributing to a remarkable 39% increase over the past year, with earnings projected to grow by 17% annually in the coming years. In this thriving environment, identifying strong dividend stocks can be crucial for investors seeking steady income and potential capital appreciation amidst robust market conditions.

Simply Wall St. 5 months ago

BPCL.BO

BPCL.NS
0.00%
UNIPARTS.BO
Bharat Petroleum And 2 Other Top Indian Dividend Stocks

The Indian market has experienced a flat performance over the last week, yet it has impressively risen by 40% in the past year, with earnings expected to grow by 17% per annum in the coming years. In such dynamic conditions, dividend stocks like Bharat Petroleum offer investors potential stability and income through regular payouts while navigating a rapidly evolving market landscape.

Simply Wall St. 5 months ago

BPCL.BO

BPCL.NS
0.00%
UNIPARTS.BO
India’s ONGC plans to establish mini-LNG plants for stranded gas

The mini-liquefied natural gas (LNG) plants will cater to users such as power plants, fertiliser units and city gas retailers.

Offshore Technology 5 months ago

IOC.NS
-0.19%
3 Top Dividend Stocks On Indian Exchange Yielding Over 3%

The market has been flat over the last week but is up 44% over the past year, with earnings expected to grow by 17% per annum over the next few years. In this favorable environment, identifying dividend stocks yielding over 3% can offer a reliable income stream and potential for growth.

Simply Wall St. 5 months ago

BANKBARODA.BO

BANKBARODA.NS

IOC.BO
Top Indian Dividend Stocks To Watch In October 2024

The Indian market has seen a robust performance with a 1.3% increase over the last week, driven by the Materials and Energy sectors, and an impressive 45% rise over the past 12 months. In this thriving environment with earnings forecast to grow by 17% annually, identifying strong dividend stocks can provide investors with both income and potential capital appreciation.

Simply Wall St. 5 months ago

DBCORP.BO

DBCORP.NS

IOC.BO
Indian Oil Corp withdraws $2.6 billion rights issue

Refiner Indian Oil Corp is withdrawing its proposed 220 billion rupee ($2.63 billion) rights issue of shares, it said on Monday, citing non-participation from the federal government. In view of the government's non-participation, the board decided to withdraw the proposed rights issue announced last year, said IOC, the country's largest oil refiner. The federal government last year proposed to fund energy transition projects of three big state refiners — IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp — in exchange for equity.

Reuters 5 months ago

IOC.NS
-0.19%

Performance Overview

Return	IOC.NS	S&P BSE SENSEX (^BSESN)
YTD	-3.92%	-2.36%
1-Year	-21.39%	+3.27%
3-Year	+88.06%	+28.71%

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Indian Oil Corporation Limited (IOC.NS)

India denies entry to ship carrying Russian oil over documentation, sources say

Cheniere Energy and Indian Oil Eye 15-Year LNG Supply Deal

Indian Oil buying sanction-free Russian crude oil cargoes, chairman says

Indian oil companies in talks to buy U.S. LNG supplies

Indian Oil Corp Ltd (BOM:530965) Q3 2025 Earnings Call Highlights: Record Sales and Strategic ...

Indian Oil Q3 net profit drops amid decline in refining margins

Indian Oil faces decline in Russian oil imports in 2024/25

India refiners ask ADNOC to offer oil delivered price as freight spikes, sources say

India's IOC buys Middle East, African oil to replace Russian supply

Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say

Indian Oil aims to finish expansion of Panipat, Gujarat, Barauni refineries by Dec 2025

Indian Oil says fire at refinery fully extinguished, death toll climbs to two

Fire at Indian Oil refinery kills 1, injures 2, police official says

India's diesel consumption to rise 3%-4% in current fiscal year, says Indian Oil chair

Top Dividend Stocks On The Indian Exchange

Bharat Petroleum And 2 Other Top Indian Dividend Stocks

India’s ONGC plans to establish mini-LNG plants for stranded gas

3 Top Dividend Stocks On Indian Exchange Yielding Over 3%

Top Indian Dividend Stocks To Watch In October 2024

Indian Oil Corp withdraws $2.6 billion rights issue

Performance Overview