HPCL net loss widens to Rs 888 cr

August 2008
Chemical Business;Aug2008, Vol. 22 Issue 8, p75
Trade Publication
The article reports on a net loss of 888.12 crore posted by Hindustan Petroleum Corp. Ltd. (HPCL) for the quarter ended June 30, 2008, an increase of 922% as compared to a net loss of 86.93 crore in the corresponding quarter of 2007. It cites that sales for the quarter increased 57% at 34,917.20 crore as compared to 22,216.13 crore. According to R. Sreesankar of IL&FS Investsmart, the high crude oil prices is the major factor for the firm to report losses.


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