Oil India has reported results for the second quarter ended September 30, 2013.
The company has reported a fall of 5.33% in its net profit at Rs 903.64 crore for the quarter as compared to Rs 954.57 crore for the same quarter in the previous year. However, total income of the company has increased by 9.28% at Rs 3183.78 crore for quarter under review as compared to Rs 2913.43 crore for the quarter ended September 30, 2012.
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. Rajasthan is the other producing area of the company, contributing 10 per cent of its total gas production.
Company Name | CMP |
---|---|
ONGC | 264.55 |
Oil India | 635.40 |
Jindal Drilling&Inds | 640.25 |
Hind Oil Exploration | 192.90 |
Deep Industries | 277.80 |
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