Tuesday, January 29, 2019

Indian Oil may report net loss of Rs 3,730 crore for third quarter on inventory loss

“We expect IOCL to report negative EBITDA despite strength in underlying margins and forex gains of Rs19 bn, which will be offset by large adventitious/inventory loss at Rs 127 bn across refining and marketing segments,” Kotak Institutional Equites said in a report.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com http://bit.ly/2sXbhpP

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