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Indian Oil’s petrochemical business reports rise in sales

6:46 AM MDT | June 4, 2013 | Deepti Ramesh

The petrochemical business of state-owned oil company Indian Oil Corp. (New Delhi) reports a 6.2% increase in sales in its fiscal fourth quarter, ended 31 March, compared with the year-ago quarter, to 43.75 billion Indian rupees ($774 million). For the full fiscal year, ended 31 March, the petrochemical business reports a 39.3% increase in sales compared with the previous fiscal year, to Rs156.3 billion. Earnings figures for the business have not been disclosed. During the full fiscal year, Indian Oil Corp.’s petrochemical production volume increased...

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