IOC to pump Rs 43,250 crore in 11th Plan

New Delhi, May 28 (UNI) State-run IndianOil Corporation Ltd (IOC) today said its capital expendituture for the 11th Plan period (2007-12) is fixed at Rs 43,250 crore.

Out of this total cap ex outlay, Rs 25,215 crore will be put in refineries and AOD, Rs 11,870 crore on petro chemicals and Rs 3,275 crore on gas, exploration and production respectively.

''About Rs 1,290 crore have been earmarked for pipelines and Rs 1,600 crore for marketing and R&D,'' IOC Chairman S Behuria told reporters here.

The company earlier in the day has announced its Q4 results, which said it has recorded a 60.06 per cent decline in net profit at Rs 1,609.67 crore for the fourth quarter ended March 31, 2007 as against Rs 4,030.57 crore in the same quarter last year.

The total income of the state-run stood at Rs 55,412.07 crore for Q4FY07 as compared to Rs 51,420.3 crore during the corresponding period a year ago.

UNI