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OIL registers Rs 9,947.57 cr turnover in FY'13

Last Updated: Monday, September 23, 2013 - 22:29

Duliajan (Assam): Oil India Limited (OIL) has registered a turnover of Rs 9,947.57 crore during 2012-13 compared to Rs 9,863.23 crore the previous year.

The premier Navratan PSU also recorded the highest production of natural gas of 2,639 MMSCM during the last financial year against 2,633 MMSCM in the previous year, OIL Chairman-cum-Managing Director S K Srivastava told the annual general meeting held here on September 21.

The company has paid the the record highest dividend of 300 percent and the earnings per share has increased to Rs 59.71 in 2012-13 compared to Rs 57.34 in 2011-12.

Record profit after tax registered growth of 4.13 percent with a profit of Rs 3,589.34 crore as compared to Rs 3,446.92 crore in the previous year.

In its endeavour to harness unconventiaonal energy, OIL commissioned a 54 MW wind turbine plant in Rajasthan during the year.

OIL in its first overseas acqusition on unconventional (shale oil) energy front acquired 20 percent stake in Carrizo Oil and Gas INC's liquid rich state assets in the Denver- Julesberg Basin in Colorado, USA, he added.


First Published: Monday, September 23, 2013 - 22:29
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