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Indian Oil Corporation
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non refund of physical share
Posted by :
HRISHIJEETTracked by: 0 Boarder
i\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\`ve 300 quantity of iocl. employee stock wid me where holders name was wrongly printed. out of 300 original 100 share certificates were sent to karvy stock broking ltd. which was the service provider then for name correction. they had received the certificates ...
Govt has issued oil bonds worth Rs 22,000 crores
Posted by :
My MultibaggersTracked by: 0 Boarder
New Delhi, Nov 10 (PTI) The government today announced issuance of oil bonds worth Rs 22,000 crore to help cash-strapped oil marketing companies overcome their financial problems.
"The special bonds are being issued to three oil marketing companies as compensation towards estimated under-recoveries on account of sale of sensitive petroleum products during the current financial year," the finance ministry said in a statement.
The oil bonds, which will be issued to state-owned companies -- Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd -- will carry a coupon rate of 8.20 per cent. Source: PTI News...
BSE Announcements on IOC
Posted by : psgsTracked by: 0 Boarder
hopeless govt. policies leading to hopeless losses in IOC. better to shut IOCL or govt. should buy back from public. this is nothing but hitlarism. how can bpcl, hpcl, and ioc be allowed to continued to be listed entities if govt. policies are destroying their balance sheets like this. delisting is the only option. investors should not even track these stock from now onwards. simply stay very far away from these counters please. ioc could touch 200 if this red tapism and madness in govt. reforms and policies continue.
swamy.
...
In reply to:
BSE Announcements on IOC
Posted by : sambala
NEW DELHI: India`s first Fortune 500 company, IndianOil, on Friday announced a stunning Rs 7,047 crore loss in Q2 ended September 30, against a net profit of Rs 3,818 crore in the same period last year.
The loss, which is more than the Rs 6,963 crore the company had earned in 2007-2008, has been caused by mounting under-recoveries on fuel sales, rupee`s steep fall against the dollar and inventory losses. In the first half of 2008-09, IndianOil lost Rs 6,632 crore against a net profit of Rs 5,286.16 crore in the previous corresponding period.
"It is the mother of all losses for IOC,`` company chairman Sarthak Behuria said. The company had previously posted net losses in the April-June of 2005 and the January-March period of 2008 but this is the biggest-ever loss. ‘‘Because the government did not allow raising of pump prices in line with crude, IOC suffered net under-realisation of Rs 12,271 crore during April-September (net revenue loss after taking bonds and discounts on domestic crude into account).`` The company had suffered Rs 3,507 crore net under-realisation in the same period last year.
The loss in the July-September period came despite the government giving IOUs worth Rs 11,556 crore to cover part of the revenue losses on fuel sales. After taking into account discounts on crude oil from state-owned domestic producers such as Oil and Natural Gas Corporation, IndianOil ended the quarter with a net revenue loss of Rs 4,950 crore on fuel sales alone.
Company`s director (finance) S V Narasimhan said IndianOil lost Rs 1,048 crore in the second quarter as the rupee devaluated against the dollar. On top of it, the company lost about Rs 4,600 crore on its crude stocks it had built up at higher prices, which fell subsequently. During the period, it suffered Rs 3,579 crore losses on foreign exchange variation. During the April-September period of 2007, the company had gained Rs 1,447 crore.
Behuria said companies will start making profit on sale of petrol from Saturday. ‘‘Based on the average price of second fortnight of October, we expect to make Rs 4.12 a litre (margin) on petrol.`` "Losses on diesel will come down to Rs 0.96 per litre. On kerosene we continue to lose Rs 22.40 per litre and on LPG the losses stand at Rs 343.49 per cylinder," he added. IOC, BPCL and HPCL till Friday were selling petrol at a loss of Rs 2.85 per litre, diesel at Rs 7.26, kerosene at Rs 29.19 and cooking gas at a loss of Rs 335 per cylinder. 
BSE Announcements on IOC
Posted by : sambalaTracked by: 0 Boarder
NEW DELHI: India`s first Fortune 500 company, IndianOil, on Friday announced a stunning Rs 7,047 crore loss in Q2 ended September 30, against a net profit of Rs 3,818 crore in the same period last year.
The loss, which is more than the Rs 6,963 crore the company had earned in 2007-2008, has been caused by mounting under-recoveries on fuel sales, rupee`s steep fall against the dollar and inventory losses. In the first half of 2008-09, IndianOil lost Rs 6,632 crore against a net profit of Rs 5,286.16 crore in the previous corresponding period.
"It is the mother of all losses for IOC,`` company chairman Sarthak Behuria said. The company had previously posted net losses in the April-June of 2005 and the January-March period of 2008 but this is the biggest-ever loss. ‘‘Because the government did not allow raising of pump prices in line with crude, IOC suffered net under-realisation of Rs 12,271 crore during April-September (net revenue loss after taking bonds and discounts on domestic crude into account).`` The company had suffered Rs 3,507 crore net under-realisation in the same period last year.
The loss in the July-September period came despite the government giving IOUs worth Rs 11,556 crore to cover part of the revenue losses on fuel sales. After taking into account discounts on crude oil from state-owned domestic producers such as Oil and Natural Gas Corporation, IndianOil ended the quarter with a net revenue loss of Rs 4,950 crore on fuel sales alone.
Company`s director (finance) S V Narasimhan said IndianOil lost Rs 1,048 crore in the second quarter as the rupee devaluated against the dollar. On top of it, the company lost about Rs 4,600 crore on its crude stocks it had built up at higher prices, which fell subsequently. During the period, it suffered Rs 3,579 crore losses on foreign exchange variation. During the April-September period of 2007, the company had gained Rs 1,447 crore.
Behuria said companies will start making profit on sale of petrol from Saturday. ‘‘Based on the average price of second fortnight of October, we expect to make Rs 4.12 a litre (margin) on petrol.`` "Losses on diesel will come down to Rs 0.96 per litre. On kerosene we continue to lose Rs 22.40 per litre and on LPG the losses stand at Rs 343.49 per cylinder," he added. IOC, BPCL and HPCL till Friday were selling petrol at a loss of Rs 2.85 per litre, diesel at Rs 7.26, kerosene at Rs 29.19 and cooking gas at a loss of Rs 335 per cylinder. ...
In reply to:
BSE Announcements on IOC
Posted by : MMB Messenger
Indian Oil Corporation Ltd (IOC) has announced the following Unaudited results for the quarter ended September 30, 2008:
The results for the Quarter ended September 30, 2008
The Company has posted a net loss of Rs (70471.30) million for the quarter ended September 30, 2008 as compared to net profit of Rs 38177.50 million for the quarter ended September 30, 2007. Total Income has increased from Rs 574184.90 million for the quarter ended September 30, 2007 to Rs 869874.70 million for the quarter ended September 30, 2008.
BSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd (IOC) has announced the following Unaudited results for the quarter ended September 30, 2008:
The results for the Quarter ended September 30, 2008
The Company has posted a net loss of Rs (70471.30) million for the quarter ended September 30, 2008 as compared to net profit of Rs 38177.50 million for the quarter ended September 30, 2007. Total Income has increased from Rs 574184.90 million for the quarter ended September 30, 2007 to Rs 869874.70 million for the quarter ended September 30, 2008....
NSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 14957837 lacs for half year ending on 30-SEP-2008 against Rs. 10264841 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. (663200) lacs for the half year ending on 30-SEP-2008 against Rs. 528616 lacs for the half year ending on 30-SEP-2007....
NSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 7470577 lacs for quarter ending on 30-SEP-2008 against Rs. 4978645 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. (704713) lacs for the quarter ending on 30-SEP-2008 against Rs. 381775 lacs for the quarter ending on 30-SEP-2007....
NSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on September 19, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on IOC
Posted by : MMB MessengerTracked by: 0 Boarder
Indian Oil Corporation Ltd (IOC) has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 19, 2008....
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