{"id":359231,"date":"2020-06-25T11:20:41","date_gmt":"2020-06-25T05:50:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359231"},"modified":"2020-06-25T11:20:41","modified_gmt":"2020-06-25T05:50:41","slug":"indian-oil-reports-massive-loss-of-%e2%82%b95185-cr-in-q4-on-inventory-losses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-reports-massive-loss-of-%e2%82%b95185-cr-in-q4-on-inventory-losses\/","title":{"rendered":"Indian Oil reports massive loss of \u20b95,185 cr in Q4 on inventory losses"},"content":{"rendered":"<p>NEW DELHI : State-owned Indian Oil Corp (IOC) on Wednesday reported a massive \u20b95,185 crore loss in the March quarter after a slump in oil prices resulted in record inventory losses for the company.<\/p>\n<p>The net loss of \u20b95,185.32 crore in January-March compared to \u20b96,099.27 crore net profit in the same period a year back, IOC Chairman Sanjiv Singh told reporters here.<\/p>\n<p>The loss was primarily due to inventory losses and lower refining margins.<\/p>\n<p>The company recorded an inventory loss of \u20b914,692 crore in the fourth quarter of 2019-20 as compared to an inventory gain of \u20b91,787 crore in the same period a year back, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : State-owned Indian Oil Corp (IOC) on Wednesday reported a massive \u20b95,185 crore loss in the March quarter after a slump in oil prices resulted in record inventory losses for the company. The net loss of \u20b95,185.32 crore in January-March compared to \u20b96,099.27 crore net profit in the same period a year back, IOC Chairman Sanjiv Singh told reporters here. The loss was primarily due to inventory losses and lower refining margins. The company recorded an inventory loss of \u20b914,692 crore in the fourth quarter of 2019-20 as compared to an inventory gain of \u20b91,787 crore in the [&hellip;]<\/p>\n","protected":false},"author":44,"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-359231","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\/359231","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359231"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359231\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}