IndianOil Q3 profit rises 29% , pays 135% dividend
New Delhi   31-Jan-2017

IndianOil Corporation reported a 29% jump on Tuesday in its third quarter net profit at Rs 3,994.9 crore on the back of higher refinery margins and inventory gains.

The company board also declared an interim dividend of 135%, or Rs 13.5 per share, following a government directive for additional dividend aimed at bridging shortfall in disinvestment proceeds. The interim dividend will yield the government Rs 3,820.5 crore.

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