New Delhi, Jan. 30: Higher price realisation on crude helped state-run Oil India Ltd post a 23.5 per cent jump in net profit for the third quarter ended December 2009.
Net profit in the October-December quarter rose to Rs 717.28 crore from Rs 580.87 crore in the same period a year ago, said N.M. Borah, chairman and managing director of Oil India. Oil India got $58.78 per barrel for the crude it produced in the third quarter after paying a fuel subsidy of $15.11 per barrel.
Full Story: Oil India net up 23.5% - Calcutta Telegraph
Net profit in the October-December quarter rose to Rs 717.28 crore from Rs 580.87 crore in the same period a year ago, said N.M. Borah, chairman and managing director of Oil India. Oil India got $58.78 per barrel for the crude it produced in the third quarter after paying a fuel subsidy of $15.11 per barrel.
Full Story: Oil India net up 23.5% - Calcutta Telegraph
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