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

“But for Nehru’s non-alignment, India would’ve been where China is today”

Dark Secrets: Politics, Intrigue and Proxy Wars in Kashmir By Iqbal Chand Malhotra Bloomsbury, 277 pages With his latest work, ‘Dark Secrets’, scholar and media personality Iqbal Chand Malhotra continues the investigation he began with

Maharashtra schools to reopen on January 24

Maharashtra has announced the reopening of schools for classes 1-12 from January 24 with Covid protocols. Education minister Varsha Gaikwad said on Thursday that the government will reopen schools for classes 1-12th with Covid protocols from January 24. “We have also decided to open p

No irregularly in appointment of engineer: BMC counters BJP MLA

The BrihanMumbai municipal corporation (BMC) has rejected BJP MLA Ameet Satam’s demand in a letter to BMC commissioner Iqbal Chahal to cancel the appointment of Sunil Rathod, deputy chief engineer, building and proposal department, western suburbs, for getting caught red-handed accepting bribe by ACB

Cast your vote, not vote for caste

Once the schedule for the next assembly elections has been announced, there is a flurry of activity around building caste coalitions. This is more intense in the most populous state,  Uttar Pradesh, which is the most important state in India in any election, in view of its large population estimated a

Maharashtra cities dominate Smart Cities Mission #Streets4People Challenge

In a competition organised by the Ministry of Housing and Urban Affairs (MoHUA), Pune, Pimpri-Chinchwad, Nagpur and Aurangabad from Maharashtra are among the 11 cities selected for scaling up their pilot projects and creating permanent public infrastructure. #Streets4People Challenge was org

CNC, Admiral R Hari Kumar condoles deaths of three navy personnel

The three Navy personnel who succumbed to injuries caused by an explosion on board Indian Navy`s destroyer ship INS Ranvir have been identified as Krishan Kumar MCPO (master petty chief officer)I, Surinder Kumar MCPO II & AK Singh MCPO II. In a condolence message, Admiral R Hari Kumar s

Visionary Talk: Farmer`s Agitation, Rakesh Tikait with Kailashnath Adhikari


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter