Indian Oil Corporation Ltd. (IOC) has registered a Profit after Tax of Rs.284 crore for the second quarter of the current financial year ended September 30, 2009 as compared to a loss of Rs. 7047 crore for the same quarter of the previous year. The unaudited financial results of the Corporation were taken on record at the meeting of the Board of Directors here today.
According to Mr. B. M. Bansal, Director(P&BD), IndianOil, the under-recovery on account of non-realisation of market-related prices for PDS Kerosene and LPG (Domestic) for the second quarter was Rs. 4175 crore .
Mr. Bansal added that the Corporation sold 16.726 million tonnes of products, including exports, during the second quarter of 2009-10. Its eight refineries registered a combined throughput of 12.412 million tonnes, with a capacity utilisation of 99.9 percent. The Corporation’s pipelines network too registered 83.0 percent capacity utilisation with a throughput of 15.536 million tonnes for the same period.
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