Indian Oil Q4 Results: Inventory Writedown Causes Rs 5,185-Crore Loss
A cyclist rides past oil storage tanks at Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian Oil Q4 Results: Inventory Writedown Causes Rs 5,185-Crore Loss

India Oil Corp. reported a quarterly loss after it had to write down the value of its inventory due to the fall in crude oil prices.Net loss stood at Rs 5,185.3 crore in the quarter ended March com...
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