Indian Oil Corporation (IOC) is reportedly planning to double its fuel retail network from 27,000 to 52,000 outlets over the coming 3 years. The company is also investing in the retail segment. The company is also planning to double its refining capacity to 140 million tonne per annum by 2030.
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.