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BPCL Strong, HPCL Weak: How Suppressed Fuel Margins Dictated Q1 Earnings
in5points
BPCL posted strong Q1 earnings while HPCL reported weak results due to suppressed fuel margins.
Government-led pricing constraints squeezed gross marketing margins on petrol and diesel.
The losses were widely anticipated during the quarter.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani