{"id":398022,"date":"2021-01-30T10:41:58","date_gmt":"2021-01-30T05:11:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398022"},"modified":"2021-01-30T10:41:58","modified_gmt":"2021-01-30T05:11:58","slug":"ioc-net-vaults-to-rs-4917-crore-in-q3-plans-rs-31500-crore-refinery-in-tamil-nadu","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-net-vaults-to-rs-4917-crore-in-q3-plans-rs-31500-crore-refinery-in-tamil-nadu\/","title":{"rendered":"IOC net vaults to Rs 4,917 crore in Q3, plans Rs 31,500 crore refinery in Tamil Nadu"},"content":{"rendered":"<p>NEW DELHI: State-run Indian Oil\u2019s net profit more than doubled to Rs 4,917 crore in the third quarter of 2020-21, up from Rs 2,339 crore in the previous corresponding period, on the back of inventory gains and higher petrochemical margins.<br \/>\nAnnouncing the results on Friday, company chairman Shrikant Madhav Vaidya also unveiled plans to build a Rs 31,500-crore refinery with an annual capacity to process 9 million tonne of crude in Tamil Nadu.<br \/>\nVaidya said he expected demand to top pre-Covid levels in the Jan-March 2021 quarter. &#8220;With the vaccine rollout, the government would be able to ease restrictions further. This, coupled with the pent-up demand and sheer dynamism of the Indian economy, we will drive the petroleum demand forward,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run Indian Oil\u2019s net profit more than doubled to Rs 4,917 crore in the third quarter of 2020-21, up from Rs 2,339 crore in the previous corresponding period, on the back of inventory gains and higher petrochemical margins. Announcing the results on Friday, company chairman Shrikant Madhav Vaidya also unveiled plans to build a Rs 31,500-crore refinery with an annual capacity to process 9 million tonne of crude in Tamil Nadu. Vaidya said he expected demand to top pre-Covid levels in the Jan-March 2021 quarter. &#8220;With the vaccine rollout, the government would be able to ease restrictions further. [&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":[130,219,137],"tags":[],"class_list":["post-398022","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398022","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=398022"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398022\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}