Indian Oil Corporation has informed that the following Board of directors have superannuated from the services of the Company on 30 October 2024: Dr. Santanu Gupta, Executive Director (Alternative Energy), Business Development, Shri Sourav De, Executive Director (Human Resources), Pipelines Division), Shri Shyam Bohra, Executive Director I/c (Corporate Communication, Branding & Coordination), Corporate Office, and Shri Debasis Bhattacharyya, Executive Director (Technology Implementation Cell), R&D Centre.Powered by Capital Market - Live News

Net loss of Indian Oil Corporation reported to Rs 169.58 crore in the quarter ended September 2024 as against net profit of Rs 13114.30 crore during the previous quarter ended September 2023. Sales declined 2.38% to Rs 174976.12 crore in the quarter ended September 2024 as against Rs 179245.67 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales174976.12179245.67 -2 OPM %1.9812.93 - PBDT2319.1122022.38 -89 PBT-1746.0118412.76 PL NP-169.5813114.30 PL Powered by Capital Market - Live News

Indian Oil Corporation will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News

Indian Oil Corporation has received credit rating of CARE AAA; Stable / CARE A1+ for bank facilities aggregating Rs 57,750 crore from CARE Ratings. Powered by Capital Market - Live News

Indian Oil Corporation and Nepal Oil Corporation signed a Business to Business (B2B) Framework Agreement today paving the way for the development of critical petroleum infrastructure projects in Nepal. This agreement follows the Government-to-Government (G2G) Memorandum of Understanding (MoU) signed earlier between India`s MoP&NG and Nepal`s Ministry of Industry, Commerce and Supplies (MoICS) on 31 May 2023. The G2G MoU encompasses the extension of the Motihari - Amlekhgunj Petroleum Pipeline (MAPL) � South Asia`s first transnational petroleum product pipeline, commissioned in 2019 � to Chitwan, Nepal. Additionally, the MoU covers the construction of oil storage terminals at Chitwan and a new transnational pipeline from IndianOil`s facility in Siliguri to Jhapa alongside an oil storage terminal at Jhapa. These projects are expected to transform petroleum logistics between the two countries. These pipelines have been designed to meet the future energy needs of Nepal, with ample storage capacity at both the Chitwan and Jhapa terminals. The B2B Framework Agreement signed today enables IndianQOil and NOC to take up construction on these vital projects. This collaboration is crucial for optimizing the transportation of petroleum products, which will significantly reduce costs for Nepal Oil Corporation by minimizing reliance on tank trucks. Furthermore, the infrastructure is designed for mitigation of handling losses & environmental risks, alleviation of border congestion and strengthening of Nepal`s energy security � especially during natural disasters such as floods and landslides. Powered by Capital Market - Live News