IBP, a subsidiary of Indian Oil Corp, blamed selling fuels at below market prices for its Rs 608.9 million net loss in the July to September quarter, reported the Press Trust of India. (US$1 = Rs 46) This was a sharp turnaround from the net profit of Rs 503.4 million reported for the same period…
INDIA: IBP loses Rs 608.9 million in third quarter
Posted on October 28, 2004 by EnergyAsia