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Is IOC a PSU?
Oil PSUs such as IOC and ONGC are implementing about Rs 3.57 lakh crore worth of projects across the entire hydrocarbon value chain that will further enhance energy accessibility, create jobs and boost the economy, the Petroleum Ministry said on Monday.
Will Posoco be Privatised Quora?
POSOCO is nodal authority in Power Sector that works as a safety cover. And on the top of that POSOCO do not handle any physical asset . Only human resource , Data and PCs are its strength. So ,no fear of privatisation.
Which division is best in Iocl Quora?
But above all your job is secure. You are sure not to get fired unless you have done something unethical or your serious negligence causes humungous damage to the company. I joined a supply location of IOCL in 2017. I got great superiors at my workplace.
Is IOC a navratna?
Earlier, IOC was a ‘navratna’ with powers to invest in a project worth 1,000 crore or less. Only a public listed navratna company, having minimum average turnover of 25,000 crore and net profit of 5,000 crore in past three years is eligible for the status.
Is Posoco a Maharatna PSU?
Power System Operation Corporation Limited (POSOCO) is a CPSE under the jurisdiction of Ministry of Power, Government of India….Power System Operation Corporation.
| Type | Division of Government of India |
|---|---|
| Area served | India |
| Key people | Mr. K V S Baba , Chairman and Managing Director (CMD) |
Should I buy IOC?
All in all, looking at valuations, dividend yields, solid track record and an impeccable retail fuel network, IOC remains a good pick.
Is IOC more profitable than ONGC?
In comparison, IOC registered a net profit of Rs 17,274 crore for the fiscal year ended March 31, 2019. ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.
Why ONGC lost most profitable PSU tag to IOC in FY19?
ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC. With its refining margins under pressure due to falling oil prices, IOC had also lost the title of being India’s largest company by turnover tag to billionaire Mukesh Ambani-led Reliance Industries in FY19.
What is the turnover of IOC?
In comparison, IOC posted a turnover of Rs 6.17 trillion for the fiscal, according to regulatory filings by the two companies. It is now India’s biggest firm in terms of revenue, profit and market capitalisation.