Indian Petrochemicals Corporation Ltd

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  Chennai Petroleum Arm To Benefit If Merged With Parent: Indian Oil

  IOC's chairman said the company had previously merged its fuel retail subsidiary IBP Ltd and refiner Bongaigaon Refinery and Petrochemical Ltd with itself. Chennai Petroleum operates two refineries in southern India.

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  Indian Refineries Owe Over $2 Billion Oil Dues To Iran: Petroleum Minister

  Four Indian refiners had outstandings of $6.11 billion in May, 2016 when formal banking channels were opened with Iran after nearly four years. They came down to $2.55 billion as on November 15 after public sector refiners paid most of their dues to Iran, the oil minister said.

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  Oil Imports From Iran Surge To Highest In At Least 15 Years

  The country's daily oil imports from Iran in August surged to their highest in at least 15 years as the Organization of Petroleum Exporting Countries (OPEC) producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions.

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  Indian Oil, MRPL Make $330 Million Iran Payment Via Germany-Based EIH Bank

  Domestic refiners Indian Oil Corporation (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have made a second tranche payment using Germany-based EIH bank to help clear past oil dues to Iran.

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  Iran Wants Indian Refiners to Pay Oil Dues in Euros: Report

  Iran has asked Indian refiners such as Essar Oil and MRPL (Mangalore Refinery and Petrochemicals Ltd) to clear its past oil dues amounting to over $6 billion in euros within six months.

• Two Independent Directors Resign From SAIL Board

  Ahead of its annual general meeting on Tuesday, Steel Authority of India Ltd (SAIL) said two of its independent directors, appointed by the UPA government, have resigned.

• Haldia Petrochemicals Shutdown Paves Way for Other Petro Firms to Tap East

  The shutdown of Haldia Petrochemicals Ltd (HPL) has paved the way for other giants in the sector to tap polymer market in the eastern region held by the region's petro major.

• Government to Sack Independent Directors of ONGC, Hindustan Petroleum: Report

  After sacking four independent directors of Indian Oil Corp (IOC), the Narendra Modi government is now seeking to remove nine similar Congress-appointees from the board of ONGC, HPCL and MRPL, according to sources.

• Indian Oil says Haldia Petrochemicals bid may turn out to be infructuous: report

  Indian Oil Corporation's (IOC) bid for buying out West Bengal government's stake in ailing Haldia Petrochemicals Ltd may turn out to be infructuous, a senior company official said on Tuesday.

• Indian Oil seeks discussion on Haldia with state industry minister

  State-owned Indian Oil Corporation (IOC), which emerged as the sole valid bidder for West Bengal government's stake in the troubled Haldia Petrochemicals Ltd (HPL), has sought discussion with Amit Mitra, the new industry minister of the state.

• Court dismisses all appeals in dispute over Haldia disinvestment: report

  A division bench of the Calcutta High Court on Tuesday dismissed all appeals of the West Bengal government, WBIDC and Haldia Petrochemicals Ltd over a dispute between them and The Chatterjee Group regarding 155 million shares of the ailing petrochemical company.

• Bengal government may get Rs 1,688 crore from HPL at Rs 25 per share: report

  The West Bengal government may garner about Rs 1,688 crore for offloading its 39.9 per cent stake in the ailing Haldia Petrochemicals Ltd (HPL) as Indian Oil Corporation has offered a bid price of Rs 25 per share, sources said.

• Reliance, IOC, Cairn India in race for HPL: report

  Sources said HPL makes strategic sense to both IOC and RIL as they produce naphtha, the feedstock used to produce valuable chemical compounds.

• Tribunal to hear RPIL plea against Rs 11 crore Sebi penalty on August 25

  The Securities Appellate Tribunal (SAT) admitted on Wednesday a petition by the Reliance group entity Reliance Petroinvestments (RPIL) challenging the Rs 11 crore penalty imposed by the Securities and Exchange Board of India (Sebi) for insider trading, and posted it for hearing on August 25.

• Sebi fines RIL unit Rs 11 crore in IPCL insider trading case

  In an over six-year old insider trading case involving shares of Reliance Industries' erstwhile subsidiary IPCL, market regulator Securities and Exchange Board of India (Sebi) today imposed a penalty of Rs 11 crore on Reliance Petroinvestments Ltd.