HomeNewsBusinessEarningsBPCL net loss at Rs 2562cr, no clarity on subsidy-sharing

BPCL net loss at Rs 2562cr, no clarity on subsidy-sharing

BPCL posted a net loss of Rs 2562 crore in the first quarter of this fiscal against a loss of Rs 1700 crore in the previous year. SK Joshi, director of finance at BPCL tells CNBC-TV18 in an exclusive interview that the dark cloud over companies such as his refuse to clear out. “There is still no clarity on subsidy sharing,” he rues.

August 16, 2011 / 08:11 IST
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Concerns over oil production have been a raging topic over the past quarter. There has been uncertainty over production capability and price fluctuation in the global front and domestic issues such as the subsidy-sharing mechanism and policy reform have plagued the oil and gas sector in India. The worst affected from the whole jamboree have been the oil marketing companies.


SK Joshi, director of finance at BPCL tells CNBC-TV18 in an exclusive interview that the dark cloud over companies such as his refuse to clear out.
first published: Aug 12, 2011 04:34 pm

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