Reliance O2C, Indian Oil Corporation bag supplies in intense bidding for KG-D6 gas
NEW DELHI: As many as 14 users across sectors slugged it on a third party electronic platform for seven-and-half hours to secure natural gas supplies from the eastern offshore KG-D6 block before the oil-to-chemical (O2C) unit of Reliance Industries bagged most of the supplies, sources said. RIL and its partner BP of the UK, who […]
IOC Q2 net profit soars 10-fold to Rs 6,227 crore
NEW DELHI: India’s top oil firm Indian Oil Corporation (IOC) on Friday reported a 10-fold jump in its September quarter on the back of inventory gains and better margins. The company reported a standalone net profit of Rs 6,227.31 crore, or Rs 6.78 per share, in the July-September quarter, as compared to ₹563.42 crore net […]