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State-run Indian Oil Corp. is implementing projects worth 470 billion rupees ($10.1 billion), the company said in a statement on Friday.The company imported 39 million tonnes of crude oil last fiscal year, the statement said.IOC has fixed 130 billion rupees ($2.8 billion) as capital expenditure for the current fiscal ending April, Chairman B. M. Bansal told reporters.The company's gross refining margin stood at $4-$5 per barrel.IOC, the largest state-owned refiner, operates 10 refineries in India with combined capacity of 1.2 million barrels per day.($1 =46.4 rupee)
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