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Tag: Iocl

Aditya Padhi
IOCL tax dispute: Core group meeting remains inconclusive

Bhubaneswar: The fourth meeting of the working group to resolve tax dispute between the Odisha government and the Indian Oil Corporation Limited (IOCL) remained inconclusive today. The meeting of the core group involving officials of IOCL and the State government could not arrive at an settlement on the tax incentive issue of the former’s Paradip refinery project. […]

Talks with IOCL remain inconclusive till more discussions

Bhubaneswar: The much awaited talks between the Indian Oil Corporation Limited (IOCL) and Odisha government, to resolve the VAT issue, reportedly failed to reach a consensus in New Delhi on Monday, as the officials attending the meeting sought more time to discuss on it. “No decision could be taken at the meeting. We discussed on […]

Miscreants pilfer oil again, damage IOCL pipeline

Paradip: After a brief lull, miscreants have bounced back to steal oil from the pipeline of Indian Oil Corporation (IOCL) again allegedly by damaging the pipes at Neheru Bangala road near the port town today. Following the rupture, oil made its way to the nearby Kaudia creek and fields besides spilling over to the water […]

numaligarh refinery
MoU signed for Assam's Numaligarh Refinery expansion

Bhubaneswar: A memorandum of understanding was today signed for the capacity expansion of the Numaligarh Refinery in Assam. The MoU was signed among Paradip Port Trust, Indian Oil Corporation Limited and Numaligarh Refinery Limited in the presence of Union minister Nitin Gadkari, Union Minister of State Dharmendra Pradhan, Assam finance minister H B Sarma and […]

Dharmendra Pradhan
IOCL ready for new agreement on Paradip Refinery project: Dharmendra

Bhubaneswar: Amid the ongoing dispute over VAT dues between the Odisha government and Indian Oil Corporation Limited (IOCL), Union Petroleum minister Dharmendra Pradhan said that the oil company is ready to sign a new agreement in the current situation. “I have written to the Chief Minister of Odisha mentioning that the current government at Centre […]

air pollution sourced from cargo transportation in Paradip
Paradip industrial hub under pollution scanner

Bhubaneswar/Paradip: With Paradip fast emerging as a major petro-chemical hub, the state government has begun an environment impact assessment of areas lying close to the industrial zone in a bid to attempt to sustain ambient surroundings. The government has laid emphasis on environment control measures as Paradip is fast striding towards massive industrialisation. With the […]

Dharmendra Pradhan on IOCL vat dispute
Dharmendra for amicable solution to IOCL’s VAT dispute with Odisha

Bhubaneswar: Union Petroleum minister Dharmendra Pradhan on Friday pinned hopes that the VAT dispute between the Odisha government and Indian Oil Corporation Limited (IOCL) pertaining to latter’s refinery project in Paradip is settled amicably through mutual discussions. Urging the Odisha government to keep interests of the people of the State in mind, Pradhan said he […]

IOCL Paradip Refinery VAT row: HC puts Odisha Govt’s notice in abeyance

Cuttack: In a major setback to Odisha government, the Orissa High Court has ordered to keep in abeyance the demand notice that it had issued to Indian Oil Corporation Ltd (IOCL) to recover pending taxes to the tune of Rs 1,485 cr. As per the order, no action can be taken on the matter till […]

Odisha govt to issue notice to IOCL for payment of dues

Bhubaneswar: Indian Oil Corporation Limited(IOCL) owes Rs 1,485 crore through Value Added Tax (VAT) to Odisha government and a notice would soon be issued to the company for payment, the state Assembly was informed on Monday. “IOCL’s refinery at Paradip, which started commercial production from November 22, 2015, is yet to pay Rs 1,485 crore […]

BJD on Dharmendra's allegations
BJD terms Union Oil Minister’s charges as 'false statements'

Bhubaneswar: In reply to the statements of Union Petroleum Minister Dharmendra Pradhan alleging the Odisha Government has violated the agreement signed in between Indian Oil Corporation Limited (IOCL) and the State, BJD spokesperson Pratap Keshari Deb on Sunday said the charges made by Pradhan as well as the facts presented by him are false while […]

Paradip Refinery
Political spat ensues over withdrawal of incentives to IOCL’s Paradip refinery

Bhubaneswar: After the Odisha government informed that it has withdrawn interest-free loans to Indian Oil Corporation Limited’s (IOCL) Paradip Refinery project, political bickering ensued with the ruling-BJD claiming to be safeguarding the interest of State while the BJP’s state unit alleged that the state government’s intolerance towards Union Petroleum ministry, Dharmendra Pradhan. The withdrawal of […]

Paradeep Refinery
Odisha withdraws interest-free loans to IOCL’s Paradeep refinery

Bhubaneswar: The Odisha finance minister Pradeep Kumar Amat informed the Odisha Assembly that the State government has withdrawn the incentive in the form of interest-free loans to Indian Oil Corporation Limited’s (IOCL) Paradeep Refinery project. Also Read: Odisha to lose over Rs 2,000 cr on tax deferment to IOCL The agreement for interest-free loans which […]

Fiscal deficit of Odisha well within limits: Chief Secy

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

FISHFED, IOCL ink MoU for subsidized diesel to fishermen

Bhubaneswar: Odisha Fisheries department’s FISHFED and IOCL inked a MoU to provide subsidized diesel for fishing trawlers and boats operated by fishermen in the State. The MoU was signed in presence of Odisha Agriculture minister, Pradeep Maharathy. As per the terms of the MoU, the fishermen will get 50 paisa subsidy on a litre of […]

Odisha to lose over Rs 2,000 cr on tax deferment to IOCL

Bhubaneswar: Odisha is set to lose over Rs 2,000 crore in 2016-17 due to deferment of value added tax (VAT) to Indian Oil Corporation’s Paradip oil refinery. The loss to the exchequer will be 11.42 per cent of the commercial tax target of Rs 17,500 crore fixed by the state government for the 2016-17 financial […]

Case against IOCL area manager over LPG fraud

Bhawanipatna: Cases have been lodged against three persons, including IOCL’s Kalahandi district area manager, for irregularities in distribution of LPG connections under the Pradhan Mantri Ujjwala Yojana. According to sources, widespread irregularities were found in the dealings of the Golamunda gas distributor, following which the cases have been lodged, informed the district collector. The Indane […]

240 litres of oil pilfered during transportation

Paradip: Smugglers have allegedly pilfered oil being transported from Indian Oil Corporation here on its way to Kalinga Calciner, a private company. The director of the Kalinga Calciner alleged that the quantity of the oil unloaded was found to be less than what it was during filling. He said oil had been stolen on the […]

IOCL protest: Abhay Sahoo, 3 others arrested

Police on Wednesday arrested Trade Union leader Abhay Sahoo and three others in connection with the agitation staged by hundreds of protesters in front of the Indian Oil Corporation Limited (IOCL) refinery at Paradip

Landless farmers demand stage dharna at IOCL plant

Thousands of landless farmers, including women, staged an indefinite agitation in front of the Indian Oil Corporation Ltd (IOCL) plant here on Tuesday protesting against the dilly-dallying attitude of IOCL officials in fulfilling their long-standing demands

IOCL row: BJP demands party workers' release, action against BJD leaders

Bhubaneswar: The ongoing IOCL row between the BJP and the ruling BJD intensified today after a BJP delegation met Director General of Police KB Singh here and demanded immediate release of 13 party workers who were arrested by the police. Apart from this, the delegation also demanded action against two BJD leaders— Cuttack-Barabati MLA Debasis […]

Naveen credits Biju with IOCL, reiterates SCS demand

Paradip: Chief Minister Naveen Patnaik today gave credit to former chief minister Biju Patnaik for the setting up of IOCL refinery at Paradip.

Paradip refinery to be ‘Vikash Deep’ of Odisha: Modi

Paradip: Prime minister Narendra Modi today said the Paradip oil refinery would be the Vikash Deep and Bhagya Deep of crores of Odia people. “Paradip refinery will act as the ‘Bhagya Deep’ and Vikash Deep of crores of people of the State. IOCL’s refinery will help to change the fortune of the people. More than […]

Congress conceived IOCL refinery: Harichandan

Bhubaneswar: Cornered in the tug of war between ruling BJD and BJP to take credit for IOCL’s refinery at Paradip ahead of its inauguration, the Congress party woke up on Saturday to claim that the contribution of the two parties towards the development of the port town is zero. “Whatever development is seen in Paradip […]

DGP reviews security in Paradip ahead of PM’s visit

Paradip: With PM Narendra Modi scheduled to inaugurate IOCL’s refinery in Paradip tomorrow, Director General of Police (DGP) KB Singh today reviewed the security arrangements at the venue. Singh, along with central region IG and other senior police personnel, took stock of the security arrangements ahead of the PM’s visit. “I have been here since […]

Security mock drill conducted ahead of PM’s visit

Bhubaneswar: The police on Friday conducted security mock drills in Bhubaneswar and Puri ahead of Prime Minister Narendra Modi’s Sunday visit to the State. The Commissionerate police conducted drills in the city in which more than thirty vehicles took part. The drill began from the campus of National Institute of Science Education and Research (NISER) […]