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This profit growth of Indian Oil comes on the back of a spectacular recovery in operating margins that went up to 8.6%.As crude prices fell, the margins of ....
India Business News: ndia’s largest oil refiner and fuel retailer IndianOil on Friday posted a net profit of Rs 13,750 crore in the June quarter against a loss of Rs 1,992 ....
India Business News: NEW DELHI: The IndianOil board on Friday approved a rights issue for raising Rs 22,000 crore and forming an equal joint venture (JV) with Singapore-ba. ....
The retail margins on petrol and diesel jumped sharply in the April-June quarter over the previous quarter. This coupled with gross refining margins of $7.7-9 per barrel (net of windfall tax, estimated inventory loss and Russian crude cost-benefit) would help boost the profit of the three state-run oil marketing companies (OMCs), ICICI Securities said. ....
IndianOil has posted a 65.91 per cent drop to Rs 8,242 crore in its standalone net profit for 2022-23 (FY23), against Rs 24,184 crore in the previous year ....