AGS Transact Technologies Limited (BSE: 543451, NSE: AGSTRA), a significant player in India’s payment solutions sector, reported a consistent financial performance for Q2 and H1FY25. The company’s unaudited financial results for the quarter and half-year ended September 30, 2024, indicate substantial revenue growth coupled with solid profit margins. AGS Transact Technologies’ total income for Q2FY25 […]
The Abu Dhabi National Oil Company (ADNOC) has entered into a significant 15-year agreement with Indian Oil Corporation Ltd (IndianOil) for the supply of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). This agreement positions IndianOil as ADNOC’s largest LNG customer by 2029, with a total offtake of 2.2 mmtpa. This […]
In a significant move to foster sustainable energy solutions, IndianOil, branded as the ‘Energy of India’, has teamed up with GPS Renewables Private Limited, a leading biofuel company, to form a joint venture (JV). This 50:50 partnership aims to promote the adoption of biofuels across India, focusing particularly on the production of Compressed Biogas (CBG) […]
Kotak Mahindra Bank and IndianOil Corporation Limited have joined forces to introduce the IndianOil Kotak Credit Card, a pioneering solution set to revolutionize the fuel credit card market. With a substantial investment in customer savings and credit card reward points, this card emerges as an essential tool for anyone seeking to minimize their fuel expenses. […]
Indian Oil Corporation Limited (IndianOil) and industrial biotech company Praj Industries Limited have formalized plans to bolster biofuels production capacities in India. The two companies signed a term sheet that includes a variety of biofuels, such as Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel, and Bio-bitumen. This initiative follows an agreement reached in […]
Indian Oil Corporation Limited (IndianOil) said that its board has sanctioned ‘Stage-I’ approval for establishing the Paradip Petrochemical Complex at Paradip in Odisha with an investment of INR 61,077 crores. The new petrochemical project in Paradip will be IndianOil’s largest-ever investment at a single location. The Paradip Petrochemical Complex will comprise an international-scale cracker unit […]
Indian Oil Corporation (IndianOil) and NTPC Green Energy, a 100% subsidiary of NTPC, have agreed to form a joint venture (JV) to build renewable energy power plants to meet the power requirements of the former’s new projects of its refineries in India. Gurdeep Singh — NTPC CMD said: “Energy Transition is inevitable, what we have […]
Chennai Petroleum Corporation (CPCL) along with Indian Oil Corporation Limited (IOCL or IndianOil) and seed equity partners have entered into a joint venture agreement for implementing the 9MMTPA Nagapattinam refinery project in Tamil Nadu. IndianOil and CPCL will have a combined stake of 50%, with each having 25% in the joint venture company. The remaining […]
Indian Oil Corporation Limited (IOCL or IndianOil) has awarded a contract to Nuberg EPC for constructing a sulphur recovery plant for its Gujarat Refinery LuPech project. The sulphur recovery plant, which comprises a sulphur recovery unit with a capacity of 400 tonnes per day (TPD), a control room, and a substation for sulphur block, will […]
Indian Oil Corporation Limited (IndianOil) said that its board of directors has approved the company’s acquisition of a 4.93% stake in Indian Gas Exchange Limited (IGX). The Indian government-owned oil and gas company has purchased 36.9 lakh equity shares of the face value of INR 10 each in the natural gas exchange. Indian Gas Exchange […]