IOC says it was first company to cross Rs 1 trn quarterly turnover
New Delhi: State-owned Indian Oil Corp (IOC) Tuesday said it was the first Indian company to cross a trillion rupee turnover in a quarter and "not Reliance Industries".
RIL had on Monday reported a turnover of Rs 106,523 crore in July-September quarter and it was hailed as the first company to cross the one trillion rupee turnover in a quarter.
"IOC is the first company in India to have crossed this milestone of the Rs 1,00,000 crore sales turnover (inclusive of excise duty) in quarter January-March 2012, with a total turnover of Rs 1,01,105.66 crore.
"Even without considering the excise duty, IOC clocked a sales turnover of Rs 1,01,359.72 crore during the quarter October-December 2012," the company said in a statement.