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IOC losing Rs 118 cr per day on subsidised fuel sales

Posted on: December 21st 2010 in Press Releases.

State-owned Indian Oil Corp (IOC) is losing Rs 118 crore a day in revenue on selling diesel, domestic LPG and kerosene below their imported cost, a company official said today. “We are losing very heavily on diesel after international oil prices firmed up to $90 a barrel,” he…

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IOC may raise petrol prices again

Posted on: November 8th 2010 in Press Releases.

Indian Oil Corporation (IOC), the country’s biggest fuel retailer, is looking at raising retail prices of petrol from Tuesday, Chairman B M Bansal said on Monday, due to rising global crude oil prices. “We are mulling an increase in petrol price,” Bansal told reporters …

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Intraday calls for 18-08-09

Posted on: August 18th 2009 in Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Indian Oil corporation at 569, target: 584. Stoploss: 563. If markets show weakness later during the day, Sell: Bhushan Steel Ltd …

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Intraday calls for 10-08-09

Posted on: August 10th 2009 in Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Larsen and Tubro for a target of 1510. Stoploss: 1460. Buy Indian Oil corporation (IOC) above 557, target: 568. Stoploss: 551 …

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IOC, RIL among 7 Indian cos in Fortune 500 global list

Posted on: July 8th 2009 in Press Releases.

NEW YORK: Seven Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the India Inc Top 10 challenges for India Best cos to work for ’09 Top 10 valuable brands 10 most admired cos list of world’s 500 …

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Oil India IPO by September; no disinvestment in ONGC, IOC

Posted on: June 2nd 2009 in Press Releases.

NEW DELHI: Oil exploration major Oil India Ltd (OIL) is likely to launch an initial public offering (IPO) in September, Petroleum Secretary R.S. Pandey said here Tuesday. He, however, ruled out disinvestment in other state-owned oil giants Indian Oil Corp (IOC) and Oil and Natural Gas Co…

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IOC FY09 net profit down at Rs 2599.4 cr

Posted on: May 30th 2009 in Stock News.

Indian Oil Corporation, IOC has announced its FY09 results. The company’s FY09 net profit was down at Rs 2599.4 crore versus Rs 7912.7 crore, YoY. Its net sales were up at Rs 2,45,721.6 crore versus Rs 2, 08, 948.4 crore,YoY. Its refining margin was down USD 3.69 from USD 9.02, YoY. …

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Govt may deregulate oil prices soon

Posted on: May 28th 2009 in Press Releases.

The Government will consider deregulating petrol and diesel prices as also increasing rates of natural gas sold by state firms, said Murli Deora, who began his second term as Petroleum Minister on Friday. “The issue of deregulation is being discussed and it will be put up to the Ca…

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