by Amruth Sundarkumar | Aug 18, 2022 | Corporates, India
India’s state-owned oil marketing companies’ IOC, BPCL, and HPCL short-term borrowings rose 17% to INR 730bn ($9.2bn) in the last fiscal, as per annual reports. The higher borrowings were attributed to increased working capital pressure on account of a price revision...
by Amruth Sundarkumar | Aug 8, 2022 | Corporates, India
Indian state-owned refiner HPCL reported a loss of INR 102bn ($1.3bn) in the quarter ended June compared to a profit of INR 18.8bn ($240mn) the previous year. The muted performance was attributed to erosion in marketing margins on Motor Fuels and LPG due to...
