{"id":514095,"date":"2022-08-16T09:38:35","date_gmt":"2022-08-16T04:08:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=514095"},"modified":"2022-08-16T10:23:01","modified_gmt":"2022-08-16T04:53:01","slug":"russia-backed-refiner-nayara-energy-posts-record-profit-at-447-5-mn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/russia-backed-refiner-nayara-energy-posts-record-profit-at-447-5-mn\/","title":{"rendered":"Russia-backed refiner Nayara Energy posts record profit at $447.5 mn"},"content":{"rendered":"<p>India&#8217;s Nayara Energy, part owned by Russian oil major RosneftMM&gt;, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.<\/p>\n<p>Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net loss of 1.39 billion rupees a year earlier, it said in a late evening stock exchange filing on Friday.<\/p>\n<p>Rosneft and Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia&#8217;s UCP Investment Group, holds 49.13% stake each in Nayara.<\/p>\n<p>The private refiner&#8217;s June quarter profit was also higher than the 10.30 billion rupees profit posted in the entire fiscal year to March 31, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Nayara Energy, part owned by Russian oil major RosneftMM&gt;, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports. Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net loss of 1.39 billion rupees a year earlier, it said in a late evening stock exchange filing on Friday. Rosneft and Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia&#8217;s UCP Investment Group, holds 49.13% stake each in Nayara. The private refiner&#8217;s June quarter profit was [&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-514095","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\/514095","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=514095"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514095\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=514095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=514095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=514095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}