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Indian Oil posts Rs 329 crore net loss in Q2

Fall in oil price meant turnover dropped to Rs 85,384.81 crore in Q2 as opposed to Rs 111,663.81 crore a year ago.

According to a CIL official, a tender document has been drafted by the PSU to set up an IT-enabled system to monitor and evaluate projects.
The state-run entity has paid a dividend of Rs 5.50 per share to its shareholders.
State-owned NTPC on Thursday said Talcher in Odisha will become a power hub with the PSU planning around 3,000 MW of capacity addition there.
The cabinet also approved the payment of performance-related pay (PRP) to executives and non-unionised supervisors of CIL and its subsidiaries.
The company is exploring countries like Oman, Iran and Indonesia to set up the proposed smelter plant with an estimated investment of Rs 20,000 crore.
NTPC was among seven state-run entities, including NHAI and IRFC, which were given permission to raise Rs 40,000 crore in the current fiscal through tax-free bonds.
The government on Monday sold 10 per cent of its stake in the state-run refiner and fuel retailer, raising around $1.4 billion.
Country's top dry-fuel miner Coal India (CIL) has become the sixth-largest mining company in the world in terms of market capital, says a recent PwC report.
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