The Hindu·2 min read·medium
Hindustan Petroleum posts net loss of ₹12,265 crore impacted by West Asia crisis
S
Saptaparno Ghosh
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Hindustan Petroleum reported a net loss of ₹12,265 crore for the June quarter, largely due to supply chain disruptions caused by the conflict in West Asia. Despite higher revenues, the company struggled with the impact of rising global crude oil prices.
State-owned oil-marketing company Hindustan Petroleum posted a net loss of about ₹12,265 crore in the June-end quarter that was entirely bothered by supply route disruptions because of the conflict in West Asia .
businesseconomy
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