IOCL clocks net profit of Rs 8,245 crore

IndianOil sold 43.394 million tonnes of products in the first six months of 2017-18

GN Bureau | October 30, 2017


#PSU   #IndianOil   #income  

 Indian Oil has registered income of Rs 2,38,828 crore for the first half of 2017-18 fiscal as compared to Rs 2,07,458 crore in the corresponding period of the last fiscal. 

The enterprise’s net profit for the half year ended September 20, 2017 stood at Rs 8,245 crore as compared to Rs 11,391 crore during the same period of the last fiscal, majorly due to inventory losses during the current period as against inventory gains during first half of 2016-17.
 
The reported income from operations of IndianOil is Rs 1,10,637 crore in the second quarter of 2017-18 as compared to Rs 1,00,260 crore in the corresponding quarter of 2016-17. 
 
“IndianOil sold 43.394 million tonnes of products, including exports, during the first six months of the current fiscal. Our refining throughput for the first half of 2017-18 was 33.617 million tonnes. The gross refining margin during April-September 2017 was $ 6.08 per bbl as compared to $ 7.19 per bbl in corresponding period of 2016-17 fiscal,” said IOCL chairman Sanjiv Singh.
 
For the second quarter of current fiscal, IndianOil’s product sales volumes, including exports, was 20.886 million tonnes.
 

Comments

 

Other News

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter