Latest news with #IOCL
Economic Times
4 days ago
- Business
- Economic Times
Sell Indian Oil, target price Rs 130: JM Financial
JM Financial recommends a Sell call on Indian Oil Corporation (IOCL) with a target price of Rs 130, while the current market price is Rs 142.35. In the recent quarter ending March 2025, IOCL reported a consolidated total income of Rs 196508.13 crore and a net profit after tax of Rs 8088.01 crore. Promoters held a 51. Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) JM Financial has a Sell call on Indian Oil Corporation with a target price of Rs 130. The current market price of Indian Oil Corporation is Rs 142.35. The time period given by the analyst is a year when Indian Oil Corporation price can reach the defined target. IOCL , incorporated in 1959, is a Large Cap company with a market cap of Rs 200309.77 crore, operating in Gas & Petroleum Oil Corporation's key products/revenue segments include Petroleum Refinery Products, Other Operating Revenue, Scrap, Sale of services and Subsidy for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 196508.13 crore, up .75 % from last quarter Total Income of Rs 195036.06 crore and down -1.80 % from last year same quarter Total Income of Rs 200103.28 crore. The company has reported net profit after tax of Rs 8088.01 crore in latest company's top management includes Madhav Vaidya, Sadagopan, Kumar Ray, Biswas, Rao Sirpurker, Prof. (Dr)Ashutosh Pant, Gogoi Lalung, Sharma, Kumar, Govil, Sharma, Jain, Mr.N Senthil Kumar, Choudhury, Kumar Vaduguri, Prof. (Dr)Ram Naresh Singh. Company has SRB & Associates as its auditors. As on 31-03-2025, the company has a total of 1,412 Crore shares held 51.5 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.39 per cent, DIIs 9.96 per cent.
Time of India
4 days ago
- Business
- Time of India
Sell Indian Oil, target price Rs 130: JM Financial
JM Financial has a Sell call on Indian Oil Corporation with a target price of Rs 130. The current market price of Indian Oil Corporation is Rs 142.35. The time period given by the analyst is a year when Indian Oil Corporation price can reach the defined target. IOCL , incorporated in 1959, is a Large Cap company with a market cap of Rs 200309.77 crore, operating in Gas & Petroleum sector. Indian Oil Corporation's key products/revenue segments include Petroleum Refinery Products, Other Operating Revenue, Scrap, Sale of services and Subsidy for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 196508.13 crore, up .75 % from last quarter Total Income of Rs 195036.06 crore and down -1.80 % from last year same quarter Total Income of Rs 200103.28 crore. The company has reported net profit after tax of Rs 8088.01 crore in latest quarter. The company's top management includes Madhav Vaidya, Sadagopan, Kumar Ray, Biswas, Rao Sirpurker, Prof. (Dr)Ashutosh Pant, Gogoi Lalung, Sharma, Kumar, Govil, Sharma, Jain, Mr.N Senthil Kumar, Choudhury, Kumar Vaduguri, Prof. (Dr)Ram Naresh Singh. Company has SRB & Associates as its auditors. As on 31-03-2025, the company has a total of 1,412 Crore shares outstanding. Live Events Promoter/FII Holdings Promoters held 51.5 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.39 per cent, DIIs 9.96 per cent.
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Business Standard
12-06-2025
- Business
- Business Standard
OMC stocks: HPCL, BPCL, IOC slip up to 5% a day after crude oil jumps 4%
Oil marketing companies (OMCs)--Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil Corporation (IOCL)--shares fell up to 4.8 per cent, in trade on Thursday, June 12, 2025. The selling pressure came a day after oil prices rose 4 per cent on heightened tensions in the Middle East. At 10:50 AM, HPCL shares were down 4.74 per cent at ₹395.05 per share, BPCl shares 3.19 per cent at ₹323.25 per share, and IOCL shares 1.48 per cent at ₹143 per share. In comparison, BSE Sensex was down 0.35 per cent at 82,227.21. How does the rise in crude oil prices affect OMCs? Crude oil is the primary raw material for OMCs, which are involved in the distribution and sale of petroleum products, including gasoline, diesel, jet fuel, and heating oil. Thus, a rise in crude oil prices increases the input cost of OMCs. Why did Brent crude oil shoot up 4 per cent? On Wednesday, crude oil prices jumped 4 per cent to $69.77/bbl, after reportedly, US President Donald Trump said America was moving personnel because the Middle East "could be a dangerous place". Trump also stated that the United States would not allow Iran to have a nuclear weapon. Iran has said its nuclear activity is peaceful. Rising tensions with Iran have heightened concerns over potential disruptions to the oil supply. The US is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations in the Middle East. Iraq is the second-biggest crude producer after Saudi Arabia in the Organisation of the Petroleum Exporting Countries. Further, Trump has threatened Iran of bombing if the two countries cannot reach a deal regarding Iran's nuclear-related activity including uranium enrichment. Iran's Minister of Defense Aziz Nasirzadeh on Wednesday said Iran will strike US bases in the region if talks fail and if the US initiates conflict. However, oil prices eased on Thursday. Last checked, Brent crude futures were down 0.4 per cent, to $69.47 a barrel, while US West Texas Intermediate crude was down 0.3 per cent, at $67.92 a barrel.
Time of India
09-06-2025
- Business
- Time of India
DeepDive: India's green hydrogen journey starts at Rs 397 per kg
Mumbai: India's recent green hydrogen price discovery through Indian Oil Corporation 's (IOCL) landmark tender has drawn mixed reactions from industry experts, reflecting both optimism about market potential and concerns over long-term competitiveness. The final price — Rs 397/kg which is about $4.67/kg — discovered in the reverse auction process is being seen as a turning point for India's emerging green hydrogen sector. India's bid seen as globally competitive According to Ravi Shekhar , managing director of Eninrac Consulting, L&T's $4.67/kg green hydrogen bid is globally competitive, lower than EU imports and close to Middle East prices. 'India, led by players like L&T Energy Green Tech, is emerging as a competitive hub for green hydrogen production. With a price of $4.67/kg (Rs 397/kg), L&T's hydrogen offering is already aligned with global low-cost producers such as Saudi Arabia and the UAE, whose prices range between $4.50–$6.00/kg,' he said. Live Events He added that when factoring in logistics and import costs, Indian green hydrogen was cheaper than most EU imported hydrogen, which landed at Rs 500/kg to Rs 600/kg. This cost advantage is further reinforced by India's ultra-low solar tariffs of Rs 2.5 to Rs 3 per unit, among the lowest globally, which significantly reduce the cost of electrolysis-based hydrogen production. However, not all stakeholders are as optimistic. Green v/s grey Prashant Vasisht , senior vice-president and co-group head at ICRA , said that the prices discovered recently were in line with current trends and almost double the price of grey hydrogen derived from natural gas and therefore not very competitive. He said that economics and technology were yet to refine further for green hydrogen to become competitive. 'The price of green hydrogen is still some time away from attaining parity with grey hydrogen. Importantly, renewable electricity prices have to reduce substantially along with the capex of electrolysers among other things for green hydrogen to become competitive,' he said. In contrast, Nitin Yadav, head of hydrogen - India at Gentari, a clean energy company and a wholly-owned subsidiary of Petronas, called the price discovery a 'significant milestone' and said that their initial assessment suggested the prices were 'quite competitive'. 'The price discovery through the IOCL tender sends a strong signal to project developers that green hydrogen has a viable business case in India. The finalisation of this tender has instilled much-needed confidence in the market and laid the groundwork for scaling the hydrogen economy,' said Yadav. He added that the price discovery should lead to an increased demand for in-situ green hydrogen projects in India. Shekhar said that between 2024 and 2027, early industrial adopters, particularly in refineries and fertilizer production will drive initial demand for green hydrogen. 'This foundational uptake will be critical for de-risking investments, with $2–3 billion expected to flow into domestic electrolyzer manufacturing. By 2030, deeper decarbonisation in hard-to-abate sectors like steel and transport will take shape, positioning India to capture 5-10% of the global electrolyzer market,' he added. Impact on offtake Regarding impact on offtake, ICRA's Vasisht added that as prices were significantly higher, offtake agreements would remain limited. 'If we aim for competitive pricing, the offtake must be firm and committed for the full 25-year term,' said Gentari's Yadav. He added that there should be more competition in this sector amongst project developers, which would help the green hydrogen ecosystem as well as the consumers. On offtake, Shekhar added that the Panipat project's 25-year offtake deal at Rs 397/kg with IOCL would secure price certainty and enhance project bankability, setting a credible pricing benchmark for future bids. With scale-driven efficiencies and larger capacities, prices might fall below Rs 350/kg, he added.
United News of India
08-06-2025
- Business
- United News of India
Odisha CM appeals to entrepreneurs and industry leaders to become partners in Odisha's growth story
Bhubaneswar, June 8 (UNI) Odisha Chief Minister Mohan Charan Majhi on Sunday appealed to the entrepreneurs and industry leaders to become partners in Odisha's growth story. During an interaction with several prominent industry leaders, MSME entrepreneurs, women entrepreneurs, and start-up sector leaders, ahead of the first anniversary of his government, the Chief Minister urged the industry captains & entrepreneurs to grow with Odisha & join the journey of making Odisha an industrial powerhouse. The Chief Minister said his government will focus on four key priorities to ensure faster approvals, seamless coordination, and real-time progress monitoring. He said his government would bring new policies that unlock emerging sectors, and offer global competitiveness, expand the land bank and industrial infrastructure, to meet future demand and revamp the single window system, and develop a modern, integrated project tracking platform. In addition, the government would also work to deregulate and simplify burdensome rules and processes to ensure faster approvals, seamless coordination, and real-time progress monitoring. Majhi said foundation for a Samrudha Odisha 2036 will be laid in the next four years. We will build on our leadership in mining, metals, and green chemicals with strong support from partners like IOCL, JSW, JSPL, Tata Steel, AMNS, Vedanta, Hindalco, and Adani. The government is also strengthening, port-based industrialization, through new terminals, jetties, and container handling capacity across the Paradip-Dhamra-Gopalpur stretch, he added. The CM said, "One year ago, the people of Odisha, placed their faith in us, to build a future, that is inclusive, aspirational, and transformative. Today, as we reflect on this first year, we do so with pride, in our progress and renewed commitment to the journey ahead. The presence of the Prime Minister at the Utkarsha Odisha event made all the difference. Over 150 MoUs were signed, generating ₹16.7 lakh Crore of investment intent and an employment potential for more than 12.9 lakh people. Over the last year alone, 206 large projects were approved, nearly double the average of the previous five years. These represent, a total investment value of over ₹4.5 lakh Crore and an employment potential of nearly 2.9 lakh jobs." He said, "Since Utkarsha Odisha, 56 projects have already been taken up for ground-breaking and inauguration, with a combined investment of over ₹1.78 lakh Crore, and employment potential for 1.1 lakh people. These numbers reflect not only our speed, but scale and substance. Adding that this growth has been spread across 20 diverse sectors from traditional strengths like mining, metallurgy and metal downstream to emerging opportunities in chemicals, food processing, apparel and textiles, renewable energy equipment, electronics, and tourism, he asserted that Odisha is no longer just the minerals and metals hub of India, it is fast becoming a diversified industrial powerhouse. UNI BD GNK
