Indian Oil Corporation has lined up a Rs 2,500-crore capital expenditure (capex) for its marketing and distribution expansion in the current fiscal. IOCL, the country's largest commercial public sector enterprise, plans to use the funds to step-up its marketing initiatives, scale-up its distribution network by setting up new gas stations and expand its bottling capacity
IOCL plans to add about 900 more new outlets in the current fiscal, of which 450 gas stations have already been installed. The focus would be mainly on expanding rural network. The company currently has over 19,000 retail outlets across the country.
