The stock touched an intra-day low at Rs 140.25, down 4.46 per cent.
69-km line to ensure fuel supplies to Nepal at lower cost.
The economic slowdown has translated into falling oil demand in the United States, the world’s biggest oil consumer.
Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.
IOC has signed separate annual contracts with Norway’s Equinor and Algeria’s Sonatrach to buy 4.6 million tonnes of US oil.
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