The state-run major currently holds about 52 per cent stake in the company
This, in order to make the refinery viable
Income from operations up 19% to Rs 1,15,645 cr; average GRM at $7.67 a barrel, vs $5.96 a year ago
The stock was up nearly 4% to Rs 606, also its record high on the BSE.
Indian Oil and USTDA will analyse options for optimising its refining options to produce cleaner fuels
Product basket includes high speed diesel (37.5%), motor spirit (25.3%), kerosene/ATF (13%), LPG (5.2%), pet coke (8.1%) and sulphur (1.8%)