IOC lines up Rs 43,250 cr capital expansion in 5 yrs

October 2007
Chemical Business;Oct2007, Vol. 21 Issue 10, p60
Trade Publication
The article discusses the plan of petroleum major Indian Oil Co. (IOC) to invest Rs 43,250 crore for capital expansion over the next five years from 2007. An IOC official discloses that of the amount, Rs 30,000 crore will be invested into downstream integration. IOC is owned by the government of India and is engaged in the refining and marketing of petroleum and its products in the country. The company will be focusing on integration and diversification projects, refining and pipeline capacity augmentation and upgrading of product quality.


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