{"id":349529,"date":"2020-05-05T11:05:08","date_gmt":"2020-05-05T05:35:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349529"},"modified":"2020-05-05T11:05:08","modified_gmt":"2020-05-05T05:35:08","slug":"indian-oil-corporation-plan-to-cut-debt-hinges-on-demand-revival","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corporation-plan-to-cut-debt-hinges-on-demand-revival\/","title":{"rendered":"Indian Oil Corporation plan to cut debt hinges on demand revival"},"content":{"rendered":"<p>New Delhi: Indian Oil Corp\u2019s mountain of debt, which has grown a third in a year to \u20b91,16,000 crore, will start diminishing on an expected revival of fuel demand after the easing of lockdown and as benefits of cheaper crude start flowing in, a company executive said.<\/p>\n<p>Gross debt at Indian Oil, the nation\u2019s largest refiner and fossil fuel retailer, has risen from \u20b986,400 crore at the beginning of 2019-20 to \u20b91,16,000 crore at the start of 2020-21, as per a company executive. The debt had actually fallen at the end of December 2019 to \u20b975,700 crore, according to the oil ministry data. About 50% jump in debt in the January-March quarter came following the weakening of demand due to the Covid-19 pandemic, dividend outflow and delay in fuel subsidy transfer by the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Indian Oil Corp\u2019s mountain of debt, which has grown a third in a year to \u20b91,16,000 crore, will start diminishing on an expected revival of fuel demand after the easing of lockdown and as benefits of cheaper crude start flowing in, a company executive said. Gross debt at Indian Oil, the nation\u2019s largest refiner and fossil fuel retailer, has risen from \u20b986,400 crore at the beginning of 2019-20 to \u20b91,16,000 crore at the start of 2020-21, as per a company executive. The debt had actually fallen at the end of December 2019 to \u20b975,700 crore, according to the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-349529","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349529","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349529"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349529\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}