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OMCs to invest Rs 10,000 crore for Bio-CNG plants: Report

10 Apr 2018 Evaluate

In a bid to set up Bio-CNG plants across India for promoting clean fuel and reduce the country’s fuel import bill, oil marketing companies (OMCs) in India i.e. Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) are reportedly planning to invest around Rs 10,000 crore.

The Bio-CNG plan will be described in the national biofuels policy, which is slated to be released in the month of April 2018 and the policy will also feature Rs 1 trillion investment opportunity under Waste-to-Wealth projects.

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

138.55 -1.80 (-1.28%)
12-May-2026 14:25 View Price Chart
Peers
Company Name CMP
Reliance Industries 1373.20
Indian Oil Corp. 138.55
BPCL 289.00
HPCL 372.95
MRPL 156.10
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