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State-run major, Oil India Ltd (OIL) yesterday registered a 50% dip in the consolidated net profit at Rs 709 crore for 3Q2020, slipping over the downfall in crude oil production and realization. OIL produced 0.74 Million Tonne (MT) of crude oil during the third quarter, declining from 0.83 MT produced in the same quarter a year ago. The state-run major has associated the production fall to environmental issues.
