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FRONT PAGE: BPCL posts Rs 2,625 cr loss in Sept quarter.
from BUSINESS LINE, October 31, 2008 Mumbai, Oct. 30 - Public Sector oil refining and marketing company Bharat Petroleum Corporation Ltd (BPCL) has reported a loss of Rs 2,625.27 crore for the second quarter ended September 30, 2008. The company had made a profit of Rs 1,038.16 crore in the corresponding period in the previous year.
According to BPCL, the losses were on account of high crude prices and large under-recovery on sale of petrol, diesel and other products. The company had also suffered an exchange rate loss of Rs 714 crore during the quarter.
Net sales for the quarter were up by 50 per cent to Rs 37,850 crore from Rs 25,170 crore in the year ago …
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