#Indian Oil Corporation Limited

[valueadss]

Indian Oil Corporation Limited (IOCL)

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IOCL Apprentice Recruitment 2023

IOCL Apprentice Recruitment 2023 : आईओसीएल अप्रेंटिस भर्ती 2023 का नोटिफिकेशन 490 पदों पर जारी किया गया है। यह भर्ती में ट्रेड अप्रेंटिस, टेक्निकल अप्रेंटिस, अकाउंट्स एग्जीक्यूटिव एवं ग्रैजुएट अप्रेंटिस के पदों पर निकाली है। आईओसीएल अप्रेंटिस भर्ती 2023 के लिए ऑनलाइन आवेदन 25 अगस्त 2023 को सुबह 10:00 से शुरू हो गए है और अंतिम तिथि 10 सितंबर 2023 को रात्रि 11:55 तक रखी गई है। आईओसीएल अप्रेंटिस…

[thebharatexpress]

petrol pump seal: BSP ने सील किया पेट्रोल पंप-समय पूरा होने के बाद भी संचालक नहीं करा रहा था लीज रिन्युवल, 7 करोड़ का बकाया...

स्टील अथॉरिटी ऑफ इंडिया लिमिटेड, भिलाई इस्पात संयंत्र, नगर सेवाएं विभाग ने बुधवार को सेक्टर 10 ��ारेस्ट एवेन्यू रोड स्थित आई ओ सी एल (Indian Oil Corporation Limited) के पेट्रोल पंप को सील कर दिया। कार्रवाई के दौरान कार्यपालक मजिस्ट्रेट क्षमा यदु और बड़ी संख्या में पुलिस बल मौजूद रहा। petrol pump seal bsp के अधिकारियों ने बताया कि मेसर्स IOCL को बीएसपी ने 33 वर्ष के लीज डीड पर 1980 में पेट्रोल पंप…

[indianpetrochem6]

LDPE (1070LA17) prices down in Ahmedabad market

On November 21, 2024, the Ahmedabad polymer market saw a cut in LDPE (1070LA17) prices.Today, LDPE (1070LA17) prices dropped from Rs.136/Kg to Rs.135/Kg, marking a Re.1/Kg decrease. This decline underscores a fluctuation in market conditions within the petrochemical sector. Some of the major Indian manufacturers of LDPE, including the 1070LA17 grade, are 1.Reliance Industries Limited (RIL), 2.Indian Oil Corporation Limited (IOCL), 3.Bharat Petroleum Corporation Limited (BPCL), 4.Hindustan Petroleum Corporation Limited (HPCL), 5.GAIL India Limited. Keys of Global production 1.SABIC (Saudi Basic Industries Corporation), 2.Dow Chemical, 3.INEOS and 4.LG Chem. The packaging industry, agriculture, and consumer goods sectors. While specific figures for LDPE 1070LA17 may vary depending on the region and its specific applications (mainly in films and flexible packaging), the overall LDPE market is projected to grow at a compound annual growth rate (CAGR) in the range of 3% to 5% over the next few years, depending on the source and market conditions. Indian LDPE Prices, LDPE Prices In India #Indian Prices LDPE #Indianpetrochem.

[businessapac]

Top 10 Companies Owned By Tata that Revolutionized Businesses around the World

The name “Tata” evokes a sense of Indian industrial might, a sprawling conglomerate with tentacles reaching into every corner of the business world. But just how vast is this empire, and what diverse branches does it hold? Dive into the fascinating tapestry of companies owned by Tata, a journey that spans from the towering steel mills of Tata Steel to the luxurious cabins of Jaguar Land Rover. From IT behemoths like Tata Consultancy Services (TCS) to the warm hospitality of the Taj Hotels, prepare to be surprised by the sheer breadth and depth of this Indian giant.

Tata Group is an Indian multinational corporation that operates in more than 100 countries across six continents. Jamshedji Tata formed the Tata Group in 1868, and it is widely regarded as one of the largest and oldest industrial conglomerates. Tata owns several enterprises in a variety of industries, including chemicals, consumer products, energy, engineering, information systems, materials, and services. Tata Group has required Air India, one of India’s largest airlines, which was formerly controlled by the government of India. Talace Private Limited, a Tata Sons Special Purpose Vehicle (SPV), bought it. Tata has purchased and built businesses in practically every area, and it is a top brand in each.

About Tata Group

The Tata Group is a global conglomerate based in India, renowned for its extensive contributions across industries such as steel, automotive, technology, hospitality, and power.

Initially founded in 1868 by Jamsetji Tata, the company began as a small trading firm but rapidly expanded into diverse sectors, thus pioneering India’s industrial revolution.

Furthermore, it is known for its ethical business practices and social responsibility. Consequently, the Tata Group has set industry standards through its high-quality products and services while channeling much of its profits back into philanthropy through the Tata Trusts.

Today, the group operates in over 100 countries and is recognized worldwide as a symbol of Indian entrepreneurship and corporate integrity.

Earlier Timeline of Tata Group

1839:

Jamsetji Tata is born in Navsari, Gujarat, to a Parsi-Zoroastrian family.

1868:

Jamsetji establishes Tata & Co., a trading company in Mumbai, marking the founding of the Tata Group.

1874:

Jamsetji acquires a bankrupt oil mill in Mumbai.

Converts it into Empress Mills, a cotton mill in Nagpur, with a focus on quality production and fair labor practices.

1880s:

Begins envisioning large industrial projects that could uplift India’s economy.

In particular, he plans for four key projects: a steel plant, a hydroelectric plant, a luxury hotel, and an advanced science institution.

1892:

Establishes the J.N. Tata Endowment to fund Indian students’ education abroad, thus fostering talent for India’s growth.

Late 1800s – Early 1900s:

Lays the groundwork for the Tata Iron and Steel Company (TISCO) project, aiming to establish India’s first major steel plant.

Additionally, he begins feasibility studies for a hydroelectric power plant.

1903:

The Taj Mahal Palace Hotel opens in Mumbai, setting new standards for luxury and fulfilling his vision of world-class Indian hospitality.

1904:

Jamsetji Tata passes away, leaving his vision to be continued by his sons Dorabji and Ratanji Tata.

After Jamsetji’s death, his sons and later leaders of the Tata Group continued his projects, ultimately making Tata companies cornerstones of Indian industry. Overall, his visionary ideas laid the foundation for the Tata Group’s legacy of industrial leadership and social responsibility.

Now, let us go through the list of top companies owned by Tata:

One of the most popular and successful companies owned by Tata worldwide is Tata Consultancy Services (TCS). It is an IT services, consulting, and business solutions firm that provides a consultancy-led, cognitive-powered, integrated portfolio of business, technology, and engineering services and solutions. Furthermore, TCS is included in the MSCI Global Sustainability Index and the FTSE4Good Emerging Index for its efforts to create a sustainable environment.

While India is its home base, TCS operates in over 150 locations around the world, spreading its expertise and influence across diverse markets. Furthermore, with over 616,000 employees working across 46 countries, TCS is a veritable army of tech talent, making it one of the biggest private-sector employers globally. In addition, over 34% of TCS’s workforce is female, making it a leader in promoting gender diversity within the tech industry. As a result, TCS has a $175.50 Billion market cap, which makes it the world’s most valuable company. Therefore, TCS owns the list of the top 10 Tata companies.

The Indian Hotels Company Limited (IHCL) is a subsidiary of Tata Group Companies that has evolved from an iconic hotel company to a dynamic hospitality ecosystem. IHCL boasts a rich history, having witnessed India’s transformation from colonial rule to modern nationhood. The Taj Mahal Palace, Mumbai, is IHCL’s flagship property and a global icon of Indian hospitality. While Taj remains the crown jewel, IHCL’s portfolio extends to over 200 hotels across 100+ locations, spanning diverse brands like Vivanta, Ginger, and amã Stays & Trails. In addition, the company operates 19 subsidiaries for every hospitality and F&B sector.

Notably, IHCL is a pioneer in sustainable hospitality, implementing eco-friendly practices across its operations. For example, Rainwater harvesting, wastewater treatment, and responsible water usage are at the core of their environmental efforts. Additionally, Taj SATS, a subsidiary of IHCL, is a leading airline catering service provider, ensuring delicious meals for passengers flying with major airlines. Thus, IHCL stands out among the companies owned by Tata for its commitment to excellence and sustainability.

Click below mentioned link to check the List Of Top 10 Companies Owned By Tata:

Along with these popular companies owned by Tata, the group has acquired and established many more successful entities. With technological advancement and innovation taking place in the economy, the Tata Group plans to focus more on technology and digital transformation as their future growth strategy.

[jaagrukbharat]

IOCL Recruitment 2024: Notification Released For 400 Vacancies – Apply Now

Invitations to apply for 400 apprentice jobs in various trades have been announced by Indian Oil Corporation Limited (IOCL Recruitment 2024). This chance is perfect for candidates who wish to start their careers with a leading public sector company in India. Candidates who fulfil the age and educational qualifications mentioned in the official notification are eligible. For those interested, we have given below how to apply online for IOCL recruitment 2024, eligibility criteria, and other important details.

[vkdevan2020]

INDIAN OIL CORPORATION LIMITED RECRUITMENT - NOV-2024 - தமிழில்

[lisakapoorblogs]

IRFC and Suzlon: Key Factors Driving Share Price Volatility and What Investors Should Watch For

IRFC share price fluctuations have made it a prominent financial player in recent years. As a key financier for the Indian Railways, the Indian Railway Finance Corporation (IRFC) helps expand and modernise one of the world's largest railway networks. Its share price fluctuates due to internal and external factors. Investors must understand these factors to make smart choices.

Renewable energy fans have also followed the Suzlon share price. As a wind energy pioneer, Suzlon's financial performance and stock value are affected by industry and market trends. This article will explain the main factors that affect IRFC and Suzlon’s share price volatility to help investors take note.

1. Government Policies and Regulation

Government policies and regulations affect IRFC and Suzlon's sectors. IRFC's share price depends on Indian Railways and public sector financing policies. Any changes in government funding for railways or policies encouraging private financing can affect the company's profitability and share price. For Suzlon, renewable energy policies are crucial. Subsidies and tax incentives for renewable energy can boost growth, but regulatory hurdles or policy changes can hurt earnings.

2. Market Demand and Economic Conditions

Companies like IRFC and Suzlon depend on economic conditions for product and service demand. Economic slowdowns may reduce government spending on railway infrastructure, hurting IRFC. However, economic growth often spurs railway expansion projects, increasing IRFC's demand.

Suzlon's renewable energy sector is sensitive to market demand for alternative energy. Wind energy demand is affected by global oil prices and cheaper energy options. Additionally, economic downturns can limit large-scale renewable project investment, affecting Suzlon's revenue streams.

3. Technological Advancements

Technology can also cause share price volatility, especially for Suzlon. Wind turbine technology, including efficiency and cost-effectiveness, can boost Suzlon's market position or hurt it if competitors adopt better technologies. Suzlon must innovate to stay ahead in a fast-changing industry.

IRFC may be indirectly affected by technological advances like high-speed trains and modern infrastructure. Financing these next-generation projects could boost IRFC's value and attract investors.

4. Financial Performance and Investor Sentiment

Share prices depend on a company's finances. IRFC's financial health depends on Indian Railways' stability and growth. Strong financial performance, with steady profits and growth potential, boosts investor confidence, while disappointing results can lower share prices.

Due to high operational costs and debt, Suzlon has struggled to stay profitable. Quarterly earnings, debt management, and operational efficiency are closely watched by investors. Positive developments like debt restructuring or cost-cutting can boost the Suzlon share price, while setbacks can lower it.

5. Global and Industry-Specific Trends

Commodity prices, inflation, and geopolitical tensions can affect IRFC and Suzlon. Interest rate changes affect IRFC's borrowing costs and profitability margins. Interest rates could raise IRFC's financing costs, hurting its bottom line.

The global shift towards renewable energy and sustainable development presents opportunities and risks for Suzlon. Despite rising demand for clean energy, renewable energy competition is fierce. Global trends like solar energy over wind power can affect investor sentiment and Suzlon's share price.

[seairexim]

Import of Oil in India: A 2024 Overview

India, one of the fastest-growing economies globally, is heavily reliant on imported oil to meet its energy needs. As of 2024, oil imports play a crucial role in India’s economic stability, given the country's limited domestic production and its burgeoning industrial and transportation sectors. The demand for crude oil continues to increase, making India one of the largest oil importers in the world.

In this article, we will dive into the key trends shaping import of oil in India in 2024, examine the major oil importers in India, analyze the oil importers by country, and explore the latest Indian oil imports data.

Current State of Oil Imports in India (2024)

India is the third-largest oil importer globally, accounting for around 10% of total global oil imports. This reliance is driven by India’s limited domestic oil reserves, which only meet a fraction of the country’s energy needs. The demand for oil in India continues to rise due to rapid industrialization, population growth, and expanding transportation networks.

India's oil imports are crucial to fueling its key sectors such as transportation, power generation, and manufacturing. According to the latest Indian oil imports data, the country imports approximately 85% of its total crude oil consumption. The ongoing geopolitical tensions and global supply chain disruptions in recent years have only increased India's focus on diversifying its oil sources and securing stable supply routes.

Major Oil Importers in India

In 2024, several major oil companies, refineries, and private-sector players are involved in importing oil into India. Among the top oil importers in India are:

Indian Oil Corporation Limited (IOCL) – As the largest public sector oil company in India, IOCL is a major player in the importation of crude oil, processing over 1.6 million barrels per day.

Bharat Petroleum Corporation Limited (BPCL) – A government-owned entity that plays a critical role in meeting India's energy demands through oil imports.

Hindustan Petroleum Corporation Limited (HPCL) – Another key player, HPCL, imports a significant amount of crude oil to meet the needs of its refineries and distribution network.

Reliance Industries Limited – Reliance, a major private-sector company, operates the largest refining complex in the world in Jamnagar, Gujarat, and is one of the largest private oil importers in India.

Nayara Energy – Formerly known as Essar Oil, Nayara Energy imports oil to fuel its refining and distribution operations across the country.

These companies primarily rely on crude oil imports to keep their refineries running and to meet the country’s high demand for petroleum products.

Key Oil Importers by Country

India sources its crude oil from a variety of countries, with Middle Eastern nations being the dominant suppliers. The following countries are among the leading oil importers by country to India in 2024:

Saudi Arabia – Saudi Arabia continues to be one of the largest suppliers of crude oil to India. As part of OPEC, it plays a critical role in India’s energy security by providing a steady flow of oil. In 2024, Saudi Arabia supplies over 17% of India’s total oil imports.

Iraq – Iraq remains the top oil exporter to India, contributing nearly 22% of India's total crude oil imports. Despite geopolitical instability in the region, Iraq has maintained stable oil production and export levels to meet India’s growing demand.

United Arab Emirates (UAE) – The UAE is another critical supplier for India, accounting for around 10% of the country's oil imports. The relationship between India and the UAE is strong, with several ongoing projects aimed at further deepening trade and energy ties.

United States – In recent years, the U.S. has emerged as a major oil supplier to India, with its exports of shale oil increasing. In 2024, the U.S. contributes around 8% to India’s oil imports, as India seeks to diversify its suppliers and reduce dependence on the Middle East.

Russia – With the geopolitical realignments post-Ukraine war and Western sanctions, Russia has been exporting discounted oil to countries like India. By 2024, Russian oil accounts for nearly 15% of India’s imports, making it one of the fastest-growing suppliers to the Indian market.

Other notable oil exporters to India include Kuwait, Nigeria, and Brazil. The diversification of suppliers is a crucial part of India’s energy strategy, as it reduces reliance on any single region and ensures the stability of imports.

Indian Oil Imports Data: Key Insights for 2024

Volume of Imports

As of 2024, India imports approximately 4.5 million barrels of crude oil per day. This figure represents a slight increase from previous years, reflecting India’s growing energy needs. With limited domestic production, the country has no choice but to rely heavily on imports to meet over 85% of its crude oil consumption.

Import Expenditure

India's expenditure on oil imports is expected to reach nearly $140 billion in 2024. This increase in expenditure is partly due to rising global oil prices and higher import volumes. The Indian government continues to monitor global price fluctuations and the potential impact on inflation and the country’s fiscal balance.

Strategic Petroleum Reserves

India has been expanding its strategic petroleum reserves (SPR) to safeguard against supply disruptions and price volatility. In 2024, the country has reserves equivalent to around 12 days of oil consumption. The government has also announced plans to further increase these reserves in collaboration with other key suppliers like the UAE and the U.S.

Shifts in Import Patterns

India’s oil import patterns have seen a shift in 2024, with an increasing focus on Russia, the U.S., and African nations like Nigeria and Angola. The India-Russia oil trade, in particular, has grown substantially since 2022, with Russia providing discounted crude in light of Western sanctions. This shift has allowed India to hedge against price volatility in the Middle East.

Challenges in India's Oil Import Landscape

Despite the growing diversification of suppliers, India's oil import landscape in 2024 faces several challenges:

Geopolitical Instability – Ongoing conflicts in oil-producing regions, particularly in the Middle East and Russia, continue to pose risks to India’s energy security.

Price Volatility – Fluctuations in global oil prices, driven by factors such as OPEC production cuts, inflation, and geopolitical tensions, have made it difficult for India to stabilize import costs.

Environmental Concerns – The Indian government has made a commitment to shift toward cleaner energy sources. However, the country’s heavy reliance on oil imports may slow down the transition to renewable energy, even as it works to reduce carbon emissions in the coming decades.

Conclusion

As India moves through 2024, its dependency on oil imports remains a cornerstone of its energy policy. With major oil importers in India like IOCL, Reliance, and BPCL leading the charge, the country continues to source oil from key players in the Middle East, the U.S., and Russia. The latest data on Indian oil imports reflect the country’s need to secure diversified oil supplies to ensure economic stability, despite challenges such as price volatility and geopolitical risks.

Frequently Asked Questions

1. What is the current status of oil imports in India in 2024? In 2024, India remains one of the largest oil importers globally, importing approximately 4.5 million barrels of crude oil per day. This reliance on imports accounts for about 85% of the country’s total crude oil consumption, reflecting the increasing demand driven by industrial growth and a rising population.

2. Who are the major oil importers in India? The major oil importers in India include Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Reliance Industries Limited, and Nayara Energy. These companies play a critical role in meeting India’s oil demands through their extensive import operations.

3. Which countries are the top oil importers to India? As of 2024, the leading oil importers by country to India are Iraq, Saudi Arabia, the United Arab Emirates (UAE), the United States, and Russia. Iraq holds the largest share, contributing around 22% of India’s total crude oil imports, followed by Saudi Arabia with 17%.

4. How does Indian oil imports data reflect the country’s energy needs? The Indian oil imports data for 2024 indicate that the country is projected to spend nearly $140 billion on oil imports. This significant expenditure underscores India's reliance on external oil sources to fuel its growing economy and meet energy requirements.

5. What challenges does India face regarding its oil import strategy? India’s oil import strategy in 2024 is challenged by geopolitical instability in oil-producing regions, price volatility in global oil markets, and the need to transition to cleaner energy sources. These factors can affect the stability and cost of oil imports, impacting India’s overall energy security.

[tenderhub]

Uttarakhand Tender

Uttarakhand, often referred to as the "Land of Gods" or "Dev Bhoomi," is a northern Indian state celebrated for its many Hindu holy sites. The government of Uttarakhand, along with its departments and public sector undertakings, regularly publishes thousands of tenders daily. E tendering Uttarakhand is part of the state's procurement process for government projects and services. The Uttarakhand Government has implemented an electronic tendering system that allows for the online submission and management of tenders from various websites, Tendersniper consolidates these tenders into single platform.

 The top spending areas as on 15th October 2024 are:

Vehicle spares has 78 live tenders. For example, Indian army in Uttarakhand has published a tender for vehicle spares ignition switch,eng mtg pad,air filter,oil filter,fuel filter,injector,packing kit.

Electrical substation has 71 live tenders. For instance, Power Transmisison Corporation of Uttarakhand Limited has published a tender for repairing of 01 no 40 mva 132/33 kv imp make transformer at 132 kv substation, chudiyala.

Food grain transport has 61 live tenders: Such as Regional Food Controller Kumaun Region Haldwani  has published a tender license for transportaion of food grain and suger from rail head tanakpur to government food grain godown munakot.

Medicines has 34 live tenders: Such as Bharat Heavy Electricals Limited in Uttarakhand has published a tender for cyproheptadine hcl 2mg /5ml (20 0ml/bottle) syp supply.

Road Construction has 32 live tenders: Example Director (Panchayati Raj) in Uttarakhand has published a tender for construction work of connecting road from village rauchhra to scheduled caste colony faltiyagair izar from km 04.