Oil India registers highest ever net profit

Oil India Limited (OIL), has declared its results for financial Year 2022-23 with a thumping highest-ever net profit since the company’s inception at ₹6,810.40 crore, a surge of 75.20%. During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 MMT. Also, the highest-ever turnover of Rs 23,272.57 crore, a rise of 60.17% YoY. OIL Board has declared the final dividend of Rs 5.50 per share with a total dividend of Rs 20/share (face value Rs 10) for FY23.