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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Petchem businesses of Gail, Indian Oil report mixed results

6:13 AM MDT | June 13, 2014 | —Deepti Ramesh

The petrochemical businesses of state-owned energy companies in India report mixed results for their fiscal fourth quarter, ended 31 March. Earnings figures for the businesses have not been disclosed. The petrochemicals business of Indian Oil (New Delhi) reports a 22.4% increase in sales in the fourth quarter compared with the year-ago quarter, to 53.6 billion Indian rupees ($907 million). The business also reports a 15.9% increase in sales for the full fiscal year compared with the previous fiscal year, to Rs181.3 billion. The petrochemical business of Gail...

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