The Indian Oil Company (IOC) has incurred a loss of Rs 7,047 crore in the second quarter ending Sept 30.The loss is believed to be more than Rs 6,963 crore that the company made in 2007-08.
The company in the first half of the year 2008-09 lost Rs 6,632 crore, as against a net profit of Rs 5,286.16 crore in the same period last year.