{"id":510460,"date":"2022-07-30T12:17:28","date_gmt":"2022-07-30T06:47:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510460"},"modified":"2022-07-30T12:17:28","modified_gmt":"2022-07-30T06:47:28","slug":"ioc-loss-at-rs-1992-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-loss-at-rs-1992-crore\/","title":{"rendered":"IOC loss at Rs 1992 crore"},"content":{"rendered":"<p>The Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,992.53 crore for the June quarter as it sold fuel at a discount in the domestic market while its costs jumped. The net loss in April-June compared with a net profit of Rs 5,941.37 crore in the same period a year ago, the company said in a stock exchange filing.<\/p>\n<p>This is the first quarterly loss in over two years. In January-March 2020, the company reported a net loss because of inventory losses. Indian Oil chairman S.M. Vaidya said: \u201cIndian Oil sold 24.648 million tonnes of products, including exports, during the first quarter of the financial year 2022-23.<\/p>\n<p>Our refining throughput for Q1 2022-23 is 18.936 million tonnes and the throughput of the corporation\u2019s countrywide pipelines network, including gas pipelines, is 24.649 million tonnes during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,992.53 crore for the June quarter as it sold fuel at a discount in the domestic market while its costs jumped. The net loss in April-June compared with a net profit of Rs 5,941.37 crore in the same period a year ago, the company said in a stock exchange filing. This is the first quarterly loss in over two years. In January-March 2020, the company reported a net loss because of inventory losses. Indian Oil chairman S.M. Vaidya said: \u201cIndian Oil sold 24.648 million tonnes of products, [&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":[130,215,148],"tags":[],"class_list":["post-510460","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510460","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=510460"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510460\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}