The state-owned oil marketing company reported net profit at Rs 78.83 billion in Q3FY18 against Rs 39.95 billion in year ago quarter.
The stock was up 4% to Rs 399 in intra-day trade after the company announced that the board may consider issue of bonus shares in meeting scheduled on January 30, 2018.
Indian Oil has already executed petrochemicals projects worth Rs 20,800 crore
India has supplied all Nepal's fuel needs since 1974
India has halted imports of kerosene since July 2015