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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Indian Oil Corporation    IOC   INE242A01010

INDIAN OIL CORPORATION (IOC)
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Indian Oil : 8 tankers charred in massive Siliguri blaze

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07/16/2017 | 11:37pm CET

Locals watch an oil tanker burn near the entrance of Indian Oil Corporation depot in New Jalpaiguri on the outskirts of Siliguri.

IANS /Siliguri

Eight tankers in the vicinity of the Indian Oil Corp terminal here were charred in a fire yesterday night, triggering panic. There were no casualties or injuries. The leaping flames, that were first noticed at 8pm, were doused after a two-hour fight, police and IOC sources said. The fire broke out in the parking lot for the tankers close to the New Jalpaiguri railway station, and spread fast engulfing one tanker after another, In all eight tankers -- some carrying combustible fuels like kerosene, diesel and petrol -- caught fire, as senior police and fire brigade officials rushed to the spot. The fire even spread to a nearby slum, from where the dwellers rushed out. There was tension, as people feared the consequences of the possibility of the terminal catching fire. However, IOC personnel sprayed foam and brought the situation under control. Five fire engines were rushed to the area to control the blaze. Police and IOC officials were ascertaining the cause of the incident, amid suspicion that the tankers could have caught fire while miscreants were pilfering oil.

(c) Gulf Times Newspaper 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 4 049 B
EBIT 2018 287 B
Net income 2018 197 B
Debt 2018 561 B
Yield 2018 4,96%
P/E ratio 2018 8,98
P/E ratio 2019 8,87
EV / Sales 2018 0,58x
EV / Sales 2019 0,52x
Capitalization 1 780 B
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Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 486  INR
Spread / Average Target 33%
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Managers
NameTitle
Sanjiv Singh Chairman & Director-Refineries
Arun Kumar Sharma Finance Director & Director
Rajiv Khanna Executive Director-Finance, R&D
S. S. V. Ramakumar Director & Director-Research & Development
Anish Aggarwal Director & Pipelines Director
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