{"id":276280,"date":"2019-05-28T05:42:57","date_gmt":"2019-05-28T05:42:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276280"},"modified":"2019-05-28T05:49:34","modified_gmt":"2019-05-28T05:49:34","slug":"pension-scheme-provisioning-pushes-oil-india-into-red","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pension-scheme-provisioning-pushes-oil-india-into-red\/","title":{"rendered":"Pension scheme provisioning pushes Oil India into red"},"content":{"rendered":"<p>Oil India Limited has reported a net loss of \u20b9208.54 crore for the fourth quarter ended March 31, 2019. The company had reported a profit of \u20b9866.50 crore in same quarter of the previous financial year.<\/p>\n<p>A company official said that the loss is due to provisioning against employee pension scheme (EPS 95). Oil India has reported a one time actuarial deficit of \u20b91,026.79 crore, which has been shown as exceptional item against EPS 95 in an official statement to the exchanges.<\/p>\n<p>Total income during the quarter under review fell by 7.37 per cent to \u20b93,506.11 crore. The company has recommended a final dividend of 17.50 per cent (\u20b91.75 on equity share of \u20b910 each) for FY 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil India Limited has reported a net loss of \u20b9208.54 crore for the fourth quarter ended March 31, 2019. The company had reported a profit of \u20b9866.50 crore in same quarter of the previous financial year. A company official said that the loss is due to provisioning against employee pension scheme (EPS 95). Oil India has reported a one time actuarial deficit of \u20b91,026.79 crore, which has been shown as exceptional item against EPS 95 in an official statement to the exchanges. Total income during the quarter under review fell by 7.37 per cent to \u20b93,506.11 crore. The company has [&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":[130],"tags":[],"class_list":["post-276280","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276280","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=276280"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276280\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}