State-owned Indian Oil Corporation (IOC) reported 57.042 million tonnes worth of sales volumes, which also included exports during the first nine months of the current fiscal. IOC Chairman B Ashok while announcing the company’s third quarter results on Friday, said that the company’s refining throughput was 40.081 million tonnes in first nine months of current fiscal.
“Our refining throughput was 13.808 million tonnes during current quarter. The throughput of the IOC’s countrywide pipelines network was 19.294 million tonnes during the current quarter,” the Chairman told reporters during the press conference. Meanwhile the company reported a net loss to the tune of Rs2,636.80 crore in the October-December quarter after inventory losses arising from slumping oil prices, which ate into its margins.