{"id":383370,"date":"2020-11-10T08:48:36","date_gmt":"2020-11-10T03:18:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383370"},"modified":"2020-11-10T09:28:40","modified_gmt":"2020-11-10T03:58:40","slug":"oil-india-q2-net-profit-drops-42-to-rs-381-crore-on-blowout-expense","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-q2-net-profit-drops-42-to-rs-381-crore-on-blowout-expense\/","title":{"rendered":"Oil India Q2 net profit drops 42% to Rs 381 crore on blowout expense"},"content":{"rendered":"<p>Oil India Ltd, the nation&#8217;s second-biggest state oil producer, on Monday reported a 42 per cent drop in September quarter net profit largely on account of lower oil prices and one-time expense it incurred on controlling a blowout in Assam. <\/p>\n<p>Net profit in July-September at Rs 381.75 crore was lower than Rs 661.53 crore net profit in the same period a year back, the company said in a stock exchange filing. <\/p>\n<p>OIL said a blowout occurred in a producing well (Baghjan#5) in Tinsukia district of Assam on May 27 andthe well caught fire on June 9. <\/p>\n<p>&#8220;To control the blowout, all necessary remedial actions (have) been undertaken by the company,&#8221; it said adding the total losses\/damages arising out of the blowout can be assessed on successful control of the blowout.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil India Ltd, the nation&#8217;s second-biggest state oil producer, on Monday reported a 42 per cent drop in September quarter net profit largely on account of lower oil prices and one-time expense it incurred on controlling a blowout in Assam. Net profit in July-September at Rs 381.75 crore was lower than Rs 661.53 crore net profit in the same period a year back, the company said in a stock exchange filing. OIL said a blowout occurred in a producing well (Baghjan#5) in Tinsukia district of Assam on May 27 andthe well caught fire on June 9. &#8220;To control the blowout, [&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":[135,130,169],"tags":[],"class_list":["post-383370","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383370","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=383370"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383370\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}