Bharat Petroleum posts Rs 1,089-crore Q3 loss on under-recoveries

State-run oil refiner and marketing company Bharat Petroleum Corporation Limited (BPCL) on Wednesday reported a net loss of Rs 1,088.94 crore for the fiscal third quarter that ended on December 31, 2013, largely on account of under-recoveries. The city-headquartered company had posted a net profit of Rs 1,647.57 crore for the corresponding period the previous fiscal year (FY13). BPCL's total income increased to Rs 64,767 cror...