Indian Oil posts net profit of Rs 15,386 cr till Dec 2016

The PSU saw a net profit of Rs 9,236 crore during the corresponding period of the previous year

GN Bureau | February 2, 2017


#PSU   #Indian Oil   #profit  
The income from operations for the first nine months of 2016-17 fiscal of Indian Oil was Rs 3,23,120 crore as compared to Rs 3,08,112 crore in corresponding period of 2015-16 fiscal.
 
Indian Oil’s income from operations was Rs 1,15,645 crore in the third quarter of 2016-17 as compared to Rs 97,069 crore in the corresponding quarter of previous fiscal. Profit for the third quarter of 2016-17 is at Rs 3,995 crore as compared to Rs 3,096 crore in the corresponding quarter of 2015-16. 
 
The board of directors declared an interim dividend of 135 percent (Rs 13.50 per share).
 
Indian Oil chairman, B Ashok, said, “Indian Oil sold 62.390 million tonnes of products, including exports, during the first nine months of 2016-17. Our refining throughput for nine months of 2016-17 was 48.104 million tonnes and the throughput of the corporation’s countrywide pipelines network was 62.647 million tonnes during the same period”.
 

Comments

 

Other News

Nod to strategic disinvestment of BEML

The government has given ‘in-principle’ approval for strategic disinvestment of BEML Ltd to the extent of 26% of government shareholding with transfer of management control to strategic buyer, minister of state for defence Subhash Bhamre informed the  Lok Sabha on Friday. &nb

Holistic treatment of mentally ill patients

As many as 50 million people suffer from mental illnesses in India – only 10% people with common mental disorders and only 40%-50% people with serious disorders like schizophrenia and bipolar disorder; receive any form of health care.

Online payments, now a phone call away

A project worth Rs 1,000 crore by the department of post will serve as a shot in the arm for financial inclusion in the country. The department, say officials aware of the matter, has zeroed in on the US-based Hewlett Packard (HP) to set up the technology infrastructure for its countrywide rollout of a pay

“Young dalit leaders have age, situation on their side”

How do you see the rise of the Bhim Army in Uttar Pradesh?   During the last assembly elections in UP, it was a common consensus among many [dalit leaders] that we’d give one more chance to Mayawati. If she comes back, well and good. If she doesn’t, l

Should elements of Sainik Schools` model be replicated in other schools?

Should elements of Sainik Schools` model be replicated in other schools?

Ram Nath Kovind to be India’s next president

 India’s 14th president is going to be former Bihar governor Ram Nath Kovind, a dalit. He triumphed over former Lok Sabha speaker Meira Kumar in the vote count that took place on Thursday.   Kovind succeeds Pranab Mukherjee, who demits office on July 25. He becomes the





Video

किरण बेदी को बनाया हिटलर

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter