Indian Oil 2nd most profitable PSU; posts Rs 10,399 crore profit in FY16

Turnover, dipped 11.4% to Rs 450,738 crore on  back of drop  in oil prices.

Indian Oil 2nd most profitable PSU; posts Rs
Under-recoveries dropped from Rs 39,758 crore in 2014-15 to Rs 7,757 crore in 2015-16. Photo: Wikipedia

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