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Indian Oil Corporation Reports Rs 272 Crore Loss In Second Quarter

IOC as well as other state-owned fuel retailers had booked heavy losses in the first quarter.
IOC as well as other state-owned fuel retailers had booked heavy losses in the first quarter.
State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for July-September - the second straight quarter of loss arising from selling petrol, diesel and cooking gas LPG at rates below cost.
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