{"id":275666,"date":"2019-05-22T06:26:10","date_gmt":"2019-05-22T06:26:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275666"},"modified":"2019-05-22T06:26:10","modified_gmt":"2019-05-22T06:26:10","slug":"iocl-earmarks-%e2%82%b925000-cr-for-fy20-capex-spend-16-allocated-for-bs-vi-upgrade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iocl-earmarks-%e2%82%b925000-cr-for-fy20-capex-spend-16-allocated-for-bs-vi-upgrade\/","title":{"rendered":"IOCL earmarks \u20b925,000 cr for FY20 capex spend, 16% allocated for BS VI upgrade"},"content":{"rendered":"<p>Mumbai: Indian Oil Corporation Ltd (IOCL), India&#8217;s largest refiner and fuel retailer, has earmarked \u20b925,000 crore for 2019-20 to expand its operations, of which \u20b94,000 crore will be spent on BS-VI upgradation, IOCL told analysts after its fourth-quarter results announced on 17 May. At \u20b925,000 crore, the capex is down 5.6% year-on-year.<\/p>\n<p>&#8220;Capex this year is only \u20b925,000 crores and with robust internal accruals that we are predicting, we are estimating probably we will have a marginal growth in debt,&#8221; the IOCL management said in a conference call for analysts.<\/p>\n<p>On 17 May, IOCL reported a 17% rise in its fourth quarter profit, driven by foreign exchange gains. Profit rose to \u20b96,099 crore in Jan-March from \u20b95,218 crore in the year-ago period. Revenue from operations grew 5.6% to \u20b91,44,472 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Indian Oil Corporation Ltd (IOCL), India&#8217;s largest refiner and fuel retailer, has earmarked \u20b925,000 crore for 2019-20 to expand its operations, of which \u20b94,000 crore will be spent on BS-VI upgradation, IOCL told analysts after its fourth-quarter results announced on 17 May. At \u20b925,000 crore, the capex is down 5.6% year-on-year. &#8220;Capex this year is only \u20b925,000 crores and with robust internal accruals that we are predicting, we are estimating probably we will have a marginal growth in debt,&#8221; the IOCL management said in a conference call for analysts. On 17 May, IOCL reported a 17% rise in its [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-275666","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275666"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275666\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}