Monday, May 4, 2020

Indian Oil's debt mountain will diminish with fuel demand pick-up: Executive

Gross debt at Indian Oil, the nation’s largest refiner and fossil fuel retailer, has risen from Rs 86,400 crore at the beginning of 2019-20 to Rs 1,16,000 crore at the start of 2020-21, as per a company executive. The debt had actually fallen at the end of December 2019 to Rs 75,700 crore, according to the oil ministry data.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2YAuHSw

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