{"id":381424,"date":"2020-10-31T10:16:43","date_gmt":"2020-10-31T04:46:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381424"},"modified":"2020-10-31T10:24:41","modified_gmt":"2020-10-31T04:54:41","slug":"indian-oil-profit-beats-on-inventory-gains-lower-expenses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-profit-beats-on-inventory-gains-lower-expenses\/","title":{"rendered":"Indian Oil profit beats on inventory gains, lower expenses"},"content":{"rendered":"<p>Indian Oil Corp Ltd , the country&#8217;s top refiner, reported an eleven-fold rise in second-quarter profit on Friday that beat analysts&#8217; estimates on inventory gains and lower expenses.<\/p>\n<p>The company, along with subsidiary Chennai Petroleum , controls about a third of the country&#8217;s 5 million-barrels-per-day (bpd) refining capacity.<\/p>\n<p>Net profit for the state-owned company rose to 62.27 billion rupees ($842.14 million) in the three months ended Sept.30, from 5.63 billion rupees a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corp Ltd , the country&#8217;s top refiner, reported an eleven-fold rise in second-quarter profit on Friday that beat analysts&#8217; estimates on inventory gains and lower expenses. The company, along with subsidiary Chennai Petroleum , controls about a third of the country&#8217;s 5 million-barrels-per-day (bpd) refining capacity. Net profit for the state-owned company rose to 62.27 billion rupees ($842.14 million) in the three months ended Sept.30, from 5.63 billion rupees a year earlier.<\/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-381424","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\/381424","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=381424"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381424\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}