IOC reports quarterly net loss of Rs.7,485.55 crore

Thursday, November 10th, 2011
Indian Oil Corporation

Mumbai: Joining its state-owned oil marketing peers, Indian Oil Corp (IOC) Wednesday reported huge losses in the second quarter ended Sep 30 at Rs.7,485.55 crore owing to high global crude prices and a depreciating rupee. The country’s largest oil retailer during the like period of the previous financial year had posted a net profit of […]