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Govt subsidy boosts HPCL net profit Beating the Street's estimates and supported by government subsidy, Hindustan Petroleum Corporation Ltd (HPCL) reported 12-fold increase in net profit for the quarter ended December 31. Net profit stood at Rs 2,725 crore against Rs 211 crore during the corresponding quarter last year.
The company said it got a boost in the form of subsidy support of Rs 8,080 cr from upstream companies and Rs 503 cr
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