BPCL inks pact with Matrix Marine Fuels
BPCL inks pact with Matrix Marine Fuels The board of directors of Bharat Petroleum (Q, N,C,F)* Corporation (BPCL) at its meeting held on >Sep. 19, 2007 approved the proposal of formation of joint venture between the company and Matrix Marine Fuels in Singapore with equal participation by both the Companies. The company announced that it swung to a profit for the quarter ended June 2007. During the quarter, the company reported rise in profit to Rs 1,927.00 million from a loss of Rs 6,773 million Net sales for the quarter rose 10.43% to Rs 238,694.00 m illion compared with the corresponding quarter a year ago. Shares of the company closed up Rs 1.25, or 0.40%, at Rs 312.00. The total volume of shares traded at the BSE was 21,044. (Wednesday)
