{"id":383442,"date":"2020-11-10T11:27:14","date_gmt":"2020-11-10T05:57:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383442"},"modified":"2020-11-10T11:27:14","modified_gmt":"2020-11-10T05:57:14","slug":"oil-india-q2-results-profit-drops-42-on-blowout-expense","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-q2-results-profit-drops-42-on-blowout-expense\/","title":{"rendered":"Oil India Q2 results: Profit drops 42% on blowout expense"},"content":{"rendered":"<p>New Delhi: Oil India Ltd NSE 2.19 %, the nation&#8217;s second-biggest state oil producer, on Monday reported 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.<\/p>\n<p>OIL said a blowout occurred in a producing well (Baghjan#5) in Tinsukia district of Assam on May 27 and the well caught fire on June 9.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Oil India Ltd NSE 2.19 %, the nation&#8217;s second-biggest state oil producer, on Monday reported 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 and the well caught fire on June 9.<\/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-383442","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\/383442","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=383442"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383442\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}