Total income rose to Rs 711.96 crore in the second quarter from Rs 458.89 crore a year ago.
Demand is seen increasing by 0.1 million bpd a year on average during the 2030s.
The S&P BSE Oil & Gas index was trading 0.28 per cent down at 15,271.60 around 10:55 am.
We could possibly see a bit of a recovery in the January-March quarter, purely on a low base.
Singh said that more than 55% of installed power capacity will be renewable by 2030. "India has decided that by 2030, about 40% of its installed capacity will come from renewables. But we will be crossing that," he added. On the Perform Achieve and Trade scheme, he said India saved 8.63 mn tonnes of oil equivalent in the first round of the scheme.
Palm's losses was however limited by a rise in rival oil prices.
President Hassan Rouhani on Sunday announced the discovery of a field containing 53 billion barrels of oil in the southwestern province of Khuzestan, saying it was a "small gift by the government to the people of Iran."
Guar seed prices on Monday rose Rs 79 to Rs 4,361 per 10 quintal in futures trade.
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