Now with its major thrust on harnessing wind, solar, and nuclear power in addition to petroleum so as to get itself converted into an energy company, the Indian Oil Corporation Ltd (IOC) on Wednesday launched its solar lamps for the first time in the North East here at Santipur village.
Even before the start of the new financial year, the spectre of rising losses during 2010-11 has begun to haunt the three state-controlled oil marketing companies that account for over 90 per cent of the country
NEW DELHI: An independent expert committee set up by the Petroleum and Natural Gas Ministry on Tuesday blamed lack of safety procedures and human error for the devastating fire in the Indian Oil Corporation's fuel depot in Jaipur that killed 11 people and injured 45 in October last year.
State-run oil marketing companies (OMCs) will be able to taper their third quarter losses after the government has committed itself to a Rs 12,000-crore cash subsidy to compensate them for selling cooking fuels at government-regulated prices.
Oil marketing companies (OMCs) want a price cut of as much as Rs 8 in the procurement price of biodiesel from the producers, who, however, do not agree to this idea.
Indian Oil Corporation has signed an MoU with Nuclear Power Corporation of India for setting up a nuclear power plant of at least 1,000 mw, flagship refiner
