Asian stocks mostly Friday moved higher at opening after the strong economic figures from the US boosted investor confidence. Today the focus will be on a series of economic data of China. The nation's key official figures on industrial production, CPI, and retail sales are due out later in the day.
Indian Oil Corporation Limited
Indian Oil Corporation Limited (IndianOil) owns and operates a network of crude oil and petroleum product pipeline in India. It has two divisions: Refineries Division and Marketing Division. The Refineries Division is focused on managing the public sector refineries and the Marketing Division is focused on distribution not only the entire production of public sector refineries but also the deficit products imported. It is organized in two segments: sale of petroleum products, and other businesses, which comprises sale of imported crude oil, sale of gas, petrochemicals, explosives and cryogenics, wind mill power generation and oil and gas exploration activities jointly undertaken in the form of unincorporated joint ventures. The Digboi Refinery of Assam Oil Division processed 0.623 million metric tons (MMT) of crude oil during the year. The Division sold about 1.067 MMT of products. IBP Division comprises the explosives and cryogenics business.