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Subsidy policy to hit OMCs

Subsidy policy to hit OMCs

Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.

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615.7 mt traffic in 2011-12

615.7 mt traffic in 2011-12

Union Minister of Shipping, GK Vasan said that the traffic handling at major ports is forecast at 615.70 million tonne for 2011-12 as per National Maritime Development Programme.