IOC borrowings up Rs 5,000 cr this quarter

摘要

THE current uptrend in crude prices and the yawning under-recovery in diesel, LPG and kerosene, have pushed the borrowings of IndianOil by Rs 5,000 crore so far in this quarter. IOC ended the December 2010 quarter with Rs 50,000 crore borrowings, up from Rs 45,000 crore in the previous fiscal. Nearly 60 per cent of the borrowings were short term in nature.