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Brokerage expects mixed profitability of oil and gas firms

Brokerage expects mixed profitability of oil and gas firms

In its recent report on earnings of oil and gas sector, Angel Broking said it expected mixed profitability performance of the companies in this sector during Oct-Dec 2012 quarter. The brokerage expects the top-line of Reliance Industries (RIL) to rise 5.7 percent yoy on account of higher prices of petrochemicals. However, its operating profi

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IOC posts Rs 96 bn net profit

IOC posts Rs 96 bn net profit

Following the reimbursement of oil subsidy by the union government, public sector refiner Indian Oil Corp (IOC) posted a net profit of Rs 9,611 crore in the quart

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