Tag Archives: Oil

Essar Oil Sees 7-Fold Jump in Q3 Net Profit to Rs 364 Crore

New Delhi: Essar Oil on Tuesday reported a seven-fold jump in its third quarter net profit at Rs 364 crore on account of record refining margins. The company’s net profit stood at Rs 52 crore in the same period a year ago, it said in a statement. However, total revenue declined 37 per cent to Rs 13,947 crore as oil ... Read More »

Pay for Petrol With Paytm at Indian Oil Pumps

On Friday, Paytm founder Vijay Shekhar Sharma announced via a Facebook post that customers at Indian Oil petrol pumps can pay for fuel using the mobile wallet. The company is enabling this one pump at a time, so for now, only a few pumps accept payments via Paytm. This continues the path for mobile wallets to become a viable alternative ... Read More »