By: Radhakrishna N S
Oil India Ltd recorded a 56 per cent increase in its first quarter (Q1) of the fiscal year (FY) 2018-19 supported by higher turnout from the crude oil segment, according to the data released by the company on Monday (14). Company’s profit jumped to 5.51 billion GBP in the first quarter ended in June 2018 from 3.52 billion GBP recorded during the same period last year (year-on-year (Y-O-Y)). The company said revenue from operation moved up about 45 per cent to 26.55 billion GBP, whereas, income from the crude oil segment moved up about 53 per cent. Crude Oil price…
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