IOC planning to invest around Rs 2 trillion over next 5-7 years

29 Aug 2019

Indian Oil Corporation (IOC) is planning to invest around Rs 2 trillion over the next five to seven years to expand the core petrochemical business and to ensure comprehensive energy solutions to the nation.

The company, which controls a third of the country’s 5 million barrels a day oil refining capacity through its 11 refineries, is also entering newer areas like renewable energy, battery storage, city gas distribution, among others.

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.

Related Indian Oil Corporation Ltd. Links:

Indian Oil Corp. Share Price

121.65 -3.80 (-3.03%) Jan 21, 18:01
1 Year Price Chart
Peers
Company Name CMP
Reliance Industries 2478.10
Indian Oil Corp. 121.65
HPCL 310.70
BPCL 381.70
MRPL 44.15
View more..
Sensex vs Indian Oil Corp.