Sun. Sep 25th, 2022

NEW DELHI: NEW DELHI: India nayara energyPart-owned by Russian oil major Rosneft, it posted a record quarterly profit in April-June as its margins improved on higher inflows of discounted Russian oil and fuel exports.
Nayara posted a net profit of around 35.64 billion rupees ($447.5 million) in the June quarter compared with a net loss of 1.39 billion rupees a year earlier, it said in a stock filing. late Friday afternoon.
Rosneft and Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia’s UCP Investment Group, each have a 49.13% stake in Nayara.
The private refiner’s June quarter profit was also higher than the Rs 10.3 billion profit recorded in the entire fiscal year to 31 March 2022.
Refineries in India,…

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