Mr SK Srivastava CMD of Oil India said that fiscal 2011-12 was a year of significant achievements for Oil India Ltd as its annual oil and gas production touched new heights of 3.847 MMT and 2633.29 MMSCM in oil and natural gas, respectively.

Mr Srivastava said that the turnover of the company was also the highest so far and stood at INR 9863.23 crores showing an increase of 18.54% against last fiscal.

The profit after tax touched a new record of INR 3446.92 an increase of 19.36% over the previous year.

As a result the company’s declared dividend was at 400%, which too was the highest so far.

Source - Business Line

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