IOCL Q4 profit soars 52% to ₹10,841 cr; stock rises
Shares of Indian Oil Corporation Ltd rose as much as 4% to ₹87.65 apiece on the NSE
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July 2022
Indian Oil inks pact with NTPC Green for RE projects; stocks down
The JV agreement between the two PSUs is in line with the central government’s decarbonisation push towards a low carbon future and net zero emissions.
LIC: Elephant Learning to Dance
The debutant that ranks at No.2 on Fortune 500 India list comes with a rich legacy, but post-listing it needs to prove its chops.
India Inc. Delivers An Encore
Elite top 500 club of India Inc. records best-ever topline growth of 35% to ₹119 lakh cr and impressive 60% jump in profit to ₹9.97 lakh cr. Hyper-growth narrative may, however, change next year.
Ion Exchange share hits fresh all-time high; doubles in just 4 months
The smallcap stock has nearly doubled to ₹2,982.60 in intraday today, from its 52-week low of ₹1,500.70 on July 29, 2022.
Oil stocks trade mixed after govt hikes windfall tax on domestic crude
The windfall tax on domestically produced crude oil has been hiked to ₹10,200 per tonne from ₹9,500 per tonne, whereas the tax of export of diesel has been slashed to ₹10.5 per litre.
Government approves ₹22,000 crore for OMCs to recover LPG losses
Between the April and June quarter this year, these three OMCs posted a combined loss of ₹18,480 crore.
Indian Oil to spend ₹2 lakh crore towards zero emissions by 2046
IOC to achieve two-thirds of emission cuts via energy efficiency, electrification and fuel replacement. About a third via carbon capture use and storage, nature-based solutions and carbon credits
L&T wins large contract from Indian Oil
Indian Oil Corporation is implementing the Panipat refinery expansion (P-25) project to enhance refining capacity.
Indian Oil slips into red on lower margins, posts ₹1,993 cr loss in Q1
The company slid into loss even as revenue from operations jumped 63% to ₹251,932.89 crore during the quarter under review.
