Indian Oil Corporation (IOC) has allocated Rs 22,000 crore CAPEX plan for the FY19, of which around Rs 6,000 crore will be towards upgrading refineries to meet BS-VI emission norms. The company will commission over Rs 4,000 crore, the 1,170 km long pipeline linking its Ennore LNP terminal near Chennai to Manali in 2018.
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.