SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IOC to invest Rs 7,812 crore for business expansion

18 Feb 2015 Evaluate

Indian Oil Corporation (IOC) is planning to invest Rs 7,812 crore in fuel quality up-gradation projects at two key refineries as well as other expansion projects. The company’s board last week approved an investment of Rs 1,843 crore in upgrading the 13.7 million tonnes Koyali refinery in Gujarat to produce Euro-IV complaint petrol an diesel. Another, Rs 1,327 crore will be spent on similar fuel quality upgradation project at Barauni refinery in Bihar.

Moreover, the company’s board on February 13 also approved setting up of ethylene glycol project along with associated facilities at Paradip (in Odisha) at an estimated project cost of Rs 3,752 crore. Further, the nation’s largest oil firm will invest another Rs 890 crore in construction of a dedicated naphtha pipeline from Jaipur to Panipat along with augmentation of Koyali-Sanganer product pipeline.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

 

Indian Oil Corp. Share Price

141.05 -1.95 (-1.36%)
13-Apr-2026 14:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1317.25
Indian Oil Corp. 141.05
BPCL 292.25
HPCL 349.55
MRPL 171.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×