Kolkata, Aug. 4
As a direct fallout of the under-recovery and pressure on the cash flow resulting in increased borrowings, BPCL expects 40-50 per cent rise in its interest payout during this fiscal.
The company had registered 52 per cent rise in interest payout from Rs 139 crore in 2004-05 to Rs 212 crore in 2005-06. The interest payout in the first quarter of 2006-07 has doubled to Rs 81.80 crore, from Rs 40.4 crore during the corresponding period the previous year.
Barring the second quarter of 2005-06, the company has maintained an uptrend in its quarterly interest payouts beginning last year. The average monthly payout had increased from Rs 11.58 crore in 2004-05 to Rs 17.66 crore in 2005-06.