Essar Oil's profit for the quarter ended June 30, 2011 has jumped at Rs 469.00 crore as compared to loss of Rs 70.00 crore for the corresponding quarter last year. Its total income has grown by 42.26% at Rs 15024 crore for the quarter under review from Rs 10561 crore for the same quarter last year.
Essar Oil, a fully integrated oil and gas company of international scale which is engaged in the exploration and production of oil and gas, refining of crude oil, and marketing of petroleum products
Essar Oil has a total of 1,639 petrol pumps. Petrol and diesel at its outlets is priced higher than its dominant public sector competition, which get government subsidy for selling fuel below cost. The company was increasing focus on non-fuel retailing at its outlets. Also, it has commissioned 4 CNG retailing units.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1388.15 |
| Indian Oil Corp. | 140.35 |
| BPCL | 294.55 |
| HPCL | 377.65 |
| MRPL | 160.50 |
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