Oil India has reported results for first quarter ended June 30, 2014.
The company’s net profit for the quarter has surged 39.86% at Rs 851.87 crore as compared to Rs 609.08 crore for the quarter ended June 30, 2013. Its total income has increased by 19.90% to Rs 2937.01 crore for the quarter under review from Rs 2449.43 crore for the corresponding quarter of the previous year
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. Oil India has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.
