State-owned OMCs report over 25 times higher profit in FY24: Oil Ministry

PCL’s profit after tax for FY 2023-24 came in at Rs 26,673 crore, nearly 13-times higher than the previous fiscal year. Additionally, the company’s planned capital outlay of Rs 1.7 lakh crore over five years under ‘Project Aspire’ underlines its commitment to creating long-term value for shareholders.