Declining gross refining margins, rising under recoveries and increasing loss on bonds have pushed the third quarter net profit on Indian Oil Corporation (IOC) to Rs 696.59 crore
The country’s largest oil marketing company, Indian Oil Corporation (IOC) has lined up capital expenses of Rs 14,500 crore for the next financial year. In addition, IOC proposes to
Oil ministry gets Rs 12,000 cr subsidy
Petroleum Minister Murli Deora is seeking bonds worth Rs 30,000 crore for state-run fuel retailers to make up for the losses they incurred on selling domestic LPG and kerosene this
Oil bonds may be back in reckoning to finance subsidies on retail sale of petroleum products. Since cash payments were not forthcoming as promised by finance ministry the
The government may issue IOC, BPCL and HPCL Rs 10,300 crore worth of oil bonds.
Oil marketing companies have received Rs 75,942 crore worth of bonds
IOC on Thursday said it expected to end the year with under-recoveries
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