{"id":369477,"date":"2020-08-24T08:48:46","date_gmt":"2020-08-24T03:18:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369477"},"modified":"2020-08-24T09:05:21","modified_gmt":"2020-08-24T03:35:21","slug":"oil-india-ltd-logs-rs-249-crore-loss-in-q1-on-slump-in-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-ltd-logs-rs-249-crore-loss-in-q1-on-slump-in-oil-prices\/","title":{"rendered":"Oil India Ltd logs Rs 249 crore loss in Q1 on slump in oil prices"},"content":{"rendered":"<p>Oil India Ltd, the nation&#8217;s second-largest state oil and gas producer, logged second quarterly loss in its history in April-June after crude oil prices slumped to lower than the cost of production.<\/p>\n<p>OIL had a net loss of Rs 248.61 crore in the first quarter of 2020-21 fiscal as compared to a net profit of Rs 624.80 crore in the same period of the previous financial year.<\/p>\n<p>&#8220;This is the second quarterly loss in OIL history. We had a quarterly loss in 2018-19 fiscal,&#8221; OIL Director-Finance Harish Madhav said on Saturday.<\/p>\n<p>The loss was primarily due to price realised for oil the company produced dropped to $30.43 per barrel in the June quarter as compared to $66.33 a barrel price realised a year back, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil India Ltd, the nation&#8217;s second-largest state oil and gas producer, logged second quarterly loss in its history in April-June after crude oil prices slumped to lower than the cost of production. OIL had a net loss of Rs 248.61 crore in the first quarter of 2020-21 fiscal as compared to a net profit of Rs 624.80 crore in the same period of the previous financial year. &#8220;This is the second quarterly loss in OIL history. We had a quarterly loss in 2018-19 fiscal,&#8221; OIL Director-Finance Harish Madhav said on Saturday. The loss was primarily due to price realised for [&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":[146,130,177],"tags":[],"class_list":["post-369477","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369477","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=369477"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369477\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}