Oil India has reported results for its first quarter ended June 30, 2011.
The company’s net profit for the quarter has increased by 69.55% at Rs 849.61 crore as compared to Rs 501.11 crore for the same quarter last year. Its total income increased by 46.91% to Rs 2668.72 crore for the quarter under review from Rs 1816.51 crore for the corresponding quarter of the previous year.
Oil India is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery.
