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

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