Rs85 billion for FY2008 and Rs100 billion for FY2009, compared with just Rs45 billion for the current fiscal year ending March 2008. (US$1=Rs40).   The increased expenditures will come in addition to any major acquisitions the company might make.  IOC is working to build major refining and petrochemicals projects in Panipat, Koyali and Paradip. It…

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