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India's MRPL to import 12.1 mln T crude in FY11.


Date: 23-01-2010
Subject: India's MRPL to import 12.1 mln T crude in FY11

NEW DELHI, Jan 19 (Reuters) - India's Mangalore Refinery and Petrochemicals Ltd (MRPL.BO) aims to import 12.1 million tonnes of crude oil in the fiscal year beginning April, compared with 12.5 million tonnes in 2009/10, its finance head said on Tuesday.

L.K. Gupta also said the company plans to raise 40 billion rupees ($875 million) by March 2012 to partially fund its refinery expansion.

Source : REUTERS


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