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NEW DELHI: State-owned Oil India Ltd on Friday reported its highest-ever quarterly internet revenue within the three months to March because it received practically $100 per barrel worth for oil produced and bought.
Internet revenue at Rs 1,630.01 crore in January-March was virtually double of Rs 847.56 crore revenue in the identical interval of final yr, OIL Director (Finance) Harish Madhav informed reporters right here.
It is because the agency received $98.08 for each barrel of crude oil produced and bought within the fourth quarter of fiscal 2022, as in comparison with $59.80 a barrel realisation a yr again.
For the complete 2021-22 fiscal (April 2021 to March 2022) as effectively, the agency reported its highest-ever revenue of Rs 3,887.31 crore, or Rs 35.85 per share, up from Rs 1,741.59 crore, or Rs 16.06 a share, within the earlier monetary yr.
Turnover rose 27 per cent in This fall to Rs 4,972.91 crore and by 55 per cent in FY22 to Rs 16,427.65 crore.
“That is the highest-ever quarterly and annual internet revenue in addition to highest-ever quarterly and annual turnover,” he stated.
The nation’s second-biggest state oil and fuel explorer received $2.35 per million British thermal unit fuel worth in 2021-22, as in opposition to $2.09 per mmBtu in 2020-21.
He stated the corporate achieved the highest-ever pure fuel manufacturing of three.04 billion cubic metres in 2021-22, a rise of 15.25 per cent over final yr. Pure fuel manufacturing in This fall of 2021-22 was additionally greater by 13.1 per cent over the corresponding interval final yr.
Crude oil manufacturing throughout 2021-22 elevated by 1.6 per cent to three.01 million tonnes. In This fall, oil output elevated by 4.2 per cent year-on-year.
The agency made two new hydrocarbon discoveries within the yr within the Tinsukia district of Assam.
The board of the corporate beneficial a closing dividend of Rs 5 per share for FY22. It had earlier paid an interim dividend of Rs 9.25 a share for a similar fiscal. The overall dividend for the yr will probably be Rs 14.25 per share.
OIL chairman and managing director S C Mishra stated the agency has develop into the primary firm within the nation to fee a pilot plant of 100 KW capability for the manufacturing of inexperienced hydrogen in Assam.
The plant is predicated on Anion Trade Membrane (AEM) expertise for the manufacturing of inexperienced hydrogen of 99.99 per cent purity.
OIL has additionally entered into collaboration with start-ups for the event of inexperienced hydrogen utilities.
Internet revenue at Rs 1,630.01 crore in January-March was virtually double of Rs 847.56 crore revenue in the identical interval of final yr, OIL Director (Finance) Harish Madhav informed reporters right here.
It is because the agency received $98.08 for each barrel of crude oil produced and bought within the fourth quarter of fiscal 2022, as in comparison with $59.80 a barrel realisation a yr again.
For the complete 2021-22 fiscal (April 2021 to March 2022) as effectively, the agency reported its highest-ever revenue of Rs 3,887.31 crore, or Rs 35.85 per share, up from Rs 1,741.59 crore, or Rs 16.06 a share, within the earlier monetary yr.
Turnover rose 27 per cent in This fall to Rs 4,972.91 crore and by 55 per cent in FY22 to Rs 16,427.65 crore.
“That is the highest-ever quarterly and annual internet revenue in addition to highest-ever quarterly and annual turnover,” he stated.
The nation’s second-biggest state oil and fuel explorer received $2.35 per million British thermal unit fuel worth in 2021-22, as in opposition to $2.09 per mmBtu in 2020-21.
He stated the corporate achieved the highest-ever pure fuel manufacturing of three.04 billion cubic metres in 2021-22, a rise of 15.25 per cent over final yr. Pure fuel manufacturing in This fall of 2021-22 was additionally greater by 13.1 per cent over the corresponding interval final yr.
Crude oil manufacturing throughout 2021-22 elevated by 1.6 per cent to three.01 million tonnes. In This fall, oil output elevated by 4.2 per cent year-on-year.
The agency made two new hydrocarbon discoveries within the yr within the Tinsukia district of Assam.
The board of the corporate beneficial a closing dividend of Rs 5 per share for FY22. It had earlier paid an interim dividend of Rs 9.25 a share for a similar fiscal. The overall dividend for the yr will probably be Rs 14.25 per share.
OIL chairman and managing director S C Mishra stated the agency has develop into the primary firm within the nation to fee a pilot plant of 100 KW capability for the manufacturing of inexperienced hydrogen in Assam.
The plant is predicated on Anion Trade Membrane (AEM) expertise for the manufacturing of inexperienced hydrogen of 99.99 per cent purity.
OIL has additionally entered into collaboration with start-ups for the event of inexperienced hydrogen utilities.
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