MoneyWorks4Me

IOC to set up second generation ethanol plant in UP: Report

17 Oct 2018 Evaluate

Indian Oil Corporation (IOC) will reportedly invest nearly Rs 800 crore in a greenfield ethanol plant in Gorakhpur district in the state of Uttar Pradesh (UP). The company would set up a second generation ethanol plant which employs new technology to manufacture biofuels from agricultural remains.

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.


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Indian Oil Corpn. 130.70
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HPCL 343.10
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