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

Building infrastructure is only half the job

Recent stories of stolen railway wires, disappearing communication towers and missing public infrastructure are often treated as bizarre law-and-order failures of India. Yet they raise a more fundamental question. Why does the State often discover the disappearance of a public asset only after it has alrea

New Delhi’s Indo-Pacific strategy enters a new phase

India appears to be investing fresh dynamism in its Indo-Pacific strategy. At the time when the US, under president Donald Trump, has adopted a conciliatory approach towards China and has changed the name of America’s Indo-Pacific Command to just Pacific Command, India has quietly moved towards con

CAG flags major fiscal lapses in Maharashtra

Maharashtra`s fiscal management has come under sharp scrutiny after the Comptroller and Auditor General (CAG) of India, in its State Finances Audit Report for 2024-25, flagged significant budgetary inefficiencies, accounting irregularities, understatement of key fiscal indicators and widespread governanc

The health sector research we are not doing

Some neglect is loud. This kind is quiet. It sits in research never commissioned, data never collected, questions never asked. In South Asia, that quiet has let the region’s worst health problems stay understudied, underfunded, and out of sight of those who could act.  

Study flags accessibility and last-mile challenges on Mumbai Metro Aqua Line

Mumbai Metro Line 3 (Aqua Line), the city`s first fully underground metro corridor and one of its largest public transport investments, represents a major engineering achievement and has been widely welcomed by commuters. However, the overall commuter experience continues to be constrained by accessibili

Centre intensifies preparedness as El Niño threat looms

Amid uncertainty in the southwest monsoon due to the potential impact of El Niño, the government is addressing the situation with comprehensive preparedness, a clear strategy, and strong ground-level action. While challenges remain, the entire system has been activated in advance and is working proa





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter