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IOC to bear subsidy burden of Rs 3,800 cr this year

PK Goyal, director of finance at IOC, said that as per the official letter received by the Ministry of Petroleum, IOC’s share in the additional subsidy for upstream companies is only Rs. 2,300 crore but the company will still be having a subsidy burden of Rs 3,800 crore for this year.

first published: May 20, 2011 01:18 pm

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