Iranian crude oil exports have fallen in May to 500,000 barrels perday (bpd) or lower, tanker data showed and industry sources said.
The contracts with Equinor and Sonatrach will cover 50% of the 9 million tonne of crude the company had imported from Iran in 2018-19.
Last month, Saudi Arabia approached Indian buyers offering them additional supplies to compensate for loss of Iranian oil after the United States' sanctions kicked in.
"Base metals may trade with sideways bias," SMC Global Securities said.
U.S. sanctions on Iran have cut the OPEC member’s crude exports further in May.
In the year-ago period, the company registered a loss of Rs 480.05 crore.
S&P/ASX 200 index ended up 43.60 points or 0.7 per cent to 6,327.80.
India is the largest producer and exporter of mentha oil and its derivatives.
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