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IOC planning to invest Rs 1.75 lakh crore for expansion

06 Aug 2018 Evaluate

Indian Oil Corporation (IOC) is planning to invest Rs 1.75 lakh crore to nearly double refinery capacity, boost petrochemical production, expand gas business and lay new pipelines. The company is planning to raise capacity to turn crude oil into fuels like petrol and diesel to 150 million tonne per annum by 2030 from the current 80.7 million tonne.

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.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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