‘lOC’s profitability under strain’
New Delhi   10-Jan-2012

IndianOil (IOC) chairman R S Butola on Monday said the company's profitability would come under further pressure, with interest outgo doubling to Rs. 5,000-crore-plus this financial year from Rs. 2,600 crore last year. Butola said, however, in the immediate term the company would not let ongoing capital expenditure suffer due to these factors.