Tag: Indian Oil Corporation

Morning Digest | States must contribute to MGNREGS wages, says Union Minister; IOC contradicts Adani over port use agreement, and more

Morning Digest | States must contribute to MGNREGS wages, says Union Minister; IOC contradicts Adani over port use agreement, and more

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Representational image of villagers from Odisha’s Kalahandi district under the MGNREGS | Photo Credit: Biswaranjan Rout States must contribute to MGNREGS wages, says Union Minister Giriraj Singh The financial burden of wages to the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) should also be shouldered by State governments, in order to […]

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Indian Oil Corporation reports ₹272 crore loss in Q2 on the back of selling petrol and diesel below cost

Indian Oil Corporation reports ₹272 crore loss in Q2 on the back of selling petrol and diesel below cost

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IOC and other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise the prices to help the govt. contain inflation IOC and other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise the […]

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IOC to spend ₹2 lakh cr. for net zero target by 2046

IOC to spend ₹2 lakh cr. for net zero target by 2046

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Indian Oil Corporation (IOC), the nation’s top oil firm, will invest ₹2 lakh crore to achieve net-zero operational carbon emissions by 2046, chairman Shrikant Madhav Vaidhya said on Thursday. The target set is in line with India’s aim to reach net-zero emissions by 2070. IOC, which refines crude oil into fuel and manufactures petrochemicals, will […]

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