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

India’s glitch-free vaccination gathers pace

The nationwide vaccination campaign launched Saturday, the largest such exercise in the world, has started setting new benchmarks, with vaccines administered to 2,24,301 beneficiaries in the first two days. “India has vaccinated the highest number of persons on Day1 under its COVID19 v

Maharashtra to spend Rs 2,500 crore to augment, develop power infrastructure

The Maharashtra government has announced a spending of Rs 2,500 crore annually to develop infrastructure of state-owned distribution company Mahavitaran (MSEDCL).   Out of the total amount, Rs 1,500 crore will be spent on energisation of conventional agriculture pumps and Rs 1,000 crore

Launched: Largest vaccination drive in history

India on Saturday began the massive vaccination drive against Covid-19, as prime minister Narendra Modi paid tributes the ‘corona warriors’. “Such a vaccination drive at such a massive scale was never conducted in history. There are over 100 countries having less than 3 cro

"TV not in business of news; it is in the business of polarisation”

Television news these days has a loose relationship with truth, says senior journalist, columnist and author Vir Sanghvi, adding that it is not telling the truth and polarising opinions. In a live webcast with Kailashnath Adhikari, MD, Governance Now, during the Visionary Talk series held by

How the colonial rulers combated “this insidious and growing danger” of dust and smoke

Dust and Smoke: Air Pollution and Colonial Urbanism: India, c. 1860-1940 By Awadhendra Sharan Orient BlackSwan, xxiv+320 pages, Rs 795 Air pollu

Unlocking the value of renewable energy assets through InVITs in India

India has been witnessing a sluggish demand growth for power amidst COVID-19. It has affected both thermal as well as renewable energy (RE) sector. While thermal sector (coal) plant load factor (PLF) is coming down continuously amidst no new generation building up, renewable energy held its ground through

Masterminds Masterclass on Acting with Vidya Malavade





Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter