LNG

Indian Oil Corp. (IOC), the country’s main oil refiner and importer and the owner of the nation's only East Coast LNG import terminal at Ennore, posted a 16 percent increase in net profits even as margins were tight in the petrochemicals industry and losses were made on partly subsidized fuels.

Gas Authority of India, the state-run natural gas distribution company and one of the nation’s main liquefied natural gas importers, continued its earnings revival as it posted a jump in profit for the first quarter of fiscal 2016-2017 even as total revenues declined.