(a) whether the Public Sector Oil Companies have any other source of income besides the profit earned from sale of petroleum products;
(b) if so, the details thereof and the average annual income from each of these sources during the last three years; and
(c) the additional capital lying with each oil company till September 2012 which was not utilized in business and deposited in banks etc.?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SMT. PANABAKA LAKSHMI)
(a) & (b): Yes, Madam. Six major oil Pubic Sector Undertakings under Ministry of Petroleum and Natural Gas namely Oil and Natural Gas Corporation- Limited (ONGC), Oil India Limited (OIL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Gas Authority India Limited (GAIL) have informed that their income from sources other than their principal business is mainly by way of dividend and interest and also from other miscellaneous sources. The details are summarized below:-
Name of the company Sources of Income Amount (Rs. Crore)
2009-10 2010-11 2011-12
ONGC Dividend 326 553 527 Interest 1826 1968 3111 Misc 2034 3380 1573
OIL Dividend & Interest 681.21 802.47 1360.27 Misc. (Transportation) 156.99 243.51 460.38
IOCL Dividend & Interest 2602 2614 2648
HPCL Dividend 46.25 82.07 95.87 Interest 807.42 683.95 712.23 Misc. 792.49 577.52 414.08
BPCL Dividend 108.27 120.04 135.59 Interest 1156.23 852.56 718.82 Misc. 490.47 648.76 847.37
GAIL Income from non- 1123 1153 1344 petroleum products (Profit Before Tax)