{"id":614059,"date":"2023-11-01T10:49:04","date_gmt":"2023-11-01T05:19:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614059"},"modified":"2023-11-01T10:49:04","modified_gmt":"2023-11-01T05:19:04","slug":"ioc-back-in-black-with-rs-12000-crore-profit-on-crude-fall-fuel-price-freeze-in-q2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-back-in-black-with-rs-12000-crore-profit-on-crude-fall-fuel-price-freeze-in-q2\/","title":{"rendered":"IOC back in black with Rs 12000 crore profit on crude fall, fuel price freeze in Q2"},"content":{"rendered":"<p>NEW DELHI: A freeze on petrol and diesel prices amid declining crude during the July-September period helped IndianOil, the country\u2019s largest oil refiner and fuel retailer, bounce back into black with a handsome profit of Rs 12,967 crore in the third quarter against a loss of Rs 272 crore in the previous corresponding period.<\/p>\n<p>The board on Tuesday approved an interim dividend of Rs 5 per share, or 50%, for the current fiscal.<\/p>\n<p>The sharp turnaround was aided by a 14% drop in crude prices from the year-ago period helped the state-run giant cover past losses and make more than half of its highest annual profit of Rs 24,184 crore in 2021-22 in just six months of the current fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: A freeze on petrol and diesel prices amid declining crude during the July-September period helped IndianOil, the country\u2019s largest oil refiner and fuel retailer, bounce back into black with a handsome profit of Rs 12,967 crore in the third quarter against a loss of Rs 272 crore in the previous corresponding period. The board on Tuesday approved an interim dividend of Rs 5 per share, or 50%, for the current fiscal. The sharp turnaround was aided by a 14% drop in crude prices from the year-ago period helped the state-run giant cover past losses and make more than [&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-614059","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\/614059","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=614059"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614059\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}