IOC to expand pipeline network by 2015

Feb 01, 2012 12:00 AM

State-run Indian Oil Corporation (IOC) plans to invest Rs 7,700 crore by 2015 to expand its pipeline network, which has emerged as a highly profitable business, generating revenue of Rs 4,200 crore in the previous fiscal year with a net profit of  Rs 3,000 crore, senior officials said.
IOC plans to lay more than 20 new pipelines to expand its network from 10,900 km to 15,000 km by 2015, director-pipelines K.K. Jha told.

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