Bongaigaon Refinery slips into the red
New Delhi   22-Oct-2008
Bongaigaon Refinery and Petrochemicals, a subsidiary of IndianOil, reported a loss of Rs 81.15 crore during the quarter ended September 2008. The Assam-based company had reported Rs 113.23 crore profit in the quarter ended September 2007. During July-September 2008, the company's income rose 57.77 per cent to Rs 2,182.38 crore (Rs1, 383.20 crore). Its expenditure rose 85.40 per cent to Rs 2,309.93 crore (Rs 1,245.89 crore).