IndianOil steps up initiatives to augment LPG supply
The oil major has tied up with additional imports for April and May to the tune of over 50 per cent normal imports to ensure uninterrupted supply of bulk LPG. IndianOil is taking steps to increase LPG production in its major refineries by optimising operations, improving LPG yield in LPG producing units, IndianOil said in a statement.
IndianOil helps save migratory birds in West Bengal
"Hunting of birds by unscrupulous visitors and poachers has opened up this bird sanctuary...
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A C Ghosh takes over as the head of Indian Oil’s eastern marketing division
“While heading human resource function in East, Ghosh has been instrumental in all major HR initiatives of IndianOil encompassing employment relations, human resources development and learning & development. Resolving pertinent labour issues and streamlining processes was his specialization,” an IndianOil statement mentioned.
Market is betting on this EPC player to see fastest revival post-lockdown
Once India emerges out of the lockdown, the company is likely to be one of fastest gainers.
Indian Oil raises refineries' production run rate to 60%
Easing of nationwide lockdown that permitted people to step out of their homes and engage in economic activity in most parts of the country appears to have revived fuel demand that had witnessed a record fall in April.
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State-owned NLC India resumed operations at its mines in Neyveli, Tamil Nadu.
IOC, BPCL resume work on select projects, gear up to ramp up operations post-lockdown
State-owned oil firms have decided to resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect. These projects are either in rural areas or have in situ labour for the resumption of work.
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As nationwide demand plummets, oil and gas players flooded with such notices.
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While the 5.33 million tonne of emergency storage -- enough to meet its oil needs for 9.5 days -- was built in underground rock caverns in Mangalore and Padur in Karnataka and Visakhapatnam in Andhra Pradesh by the government, state-owned oil firms have been asked to buy oil at cheaper rates from the market and fill them up.
IOC ties up additional LPG imports; money transferred to beneficiaries for free LPG
In a statement, IOC said it has tied up additional import "to the tune of about 50 per cent over normal imports to ensure uninterrupted availability".
ONGC, IOC, other oil cos contribute over Rs 1,031 cr to PM COVID-19 fund
ONGC was the top contributor with Rs 300 crore, followed by IOC chipping in Rs 225 crore. Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) provided Rs 175 crore, while Hindustan Petroleum Corp Ltd (HPCL) chipped in Rs 120 crore.
Home cooking during coronavirus lockdown pushes up LPG demand
The 14.2 kg LPG cylinder has become the main stay of cooking in the country as government has expanded its coverage to over 96 per cent of households. Under Pradhan Mantri Ujjawala Yojana (PMUY), additional 8 crore connections have been given to women member of poor families who were depending on wood and coal for cooking.
Personal loss not withstanding, IOC Chairman continues to manage fuel supplies during lockdown
Sanjiv Singh, who has been overseeing refinery operations and distribution chain since the time states declared restrictions to check spread of coronavirus in mid-March, lost his 89-year-old father on March 24. Within 24-hours he was back in action, converting his parental home at Lucknow into a war room, monitoring operations and supplies to see no part of the country went dry at anytime.
No need to panic, adequate LPG cylinders available: Indian Oil
It is reiterated that adequate stocks of LPG are available in Kolkata & across the state and there is no need for panic-booking . Indane delivery personnel are working with all heart and soul despite all the current hardships and customers are requested to stick to safety advisories and not resort to panic purchase of cylinders.
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