IndianOil's Gross Turnover up by 25.5% to Rs. 93,868 crore Still Posts Rs. 7486 crore decrease for Q2
IndianOil's cross-country network of crude Oil and product pipelines is spread over 10,000 Km. The Corporation handles the largest network of petrol and diesel stations in the country.
- (1888PressRelease) November 24, 2011 - Indian Oil Corporation Ltd. (IndianOil)'s Gross Turnover for the second quarter of the present economic year completed September 2011 increased by 25.5% to Rs. 93,868 crore from Rs. 74,766 crore throughout the identical time span last year. The Corporation has dispatched a decrease of Rs. 7486 crore for the second quarter of 2011-12 as in evaluation to a earnings of Rs. 5294 crore for the identical quarter of the preceding year. The decrease is mostly on account of boost in unmet under-recoveries and boost in concern expenditure.
For the six month time span of April-September 2011, the Gross Turnover increased by 26.8% to Rs. 1,93,625 crore from Rs. 1,52,738 crore throughout the identical time span last year. The Corporation has dispatched a decrease of Rs. 11,204 crore for the first half of 2011-12 as in evaluation to a earnings of Rs. 1906 crore for the identical time span of the preceding year.
The unaudited economic outcomes of the Corporation were taken on record at the gathering of the Board of Directors here today. The unmet under-recovery on account of non-realisation of market-related charges for Diesel, PDS Kerosene and LPG (Domestic) for the quarter was Rs. 7837 crore and Rs. 15,509 for the six-month time span of April-September 2011.
Mr. RS Butola, Chairman, IndianOil, said, "IndianOil's merchandise sales volumes, encompassing trade items, increased by 4.6% to 17.693 million tonnes throughout the second quarter of 2011-12. Our quarterly perfecting throughput went up by 7.5% to 13.046 million tonnes as in evaluation to the corresponding quarter of the preceding year. The throughput of the Corporation's countrywide pipelines mesh went up by 2.211 million tonnes to 17.755 million tonnes as in evaluation to the corresponding quarter of the preceding year." For more details visit our site :- http://www.iocl.com/Aboutus/Awards_Accreditations1.aspx
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