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IOC plans capex investment of Rs 56,000 crore

17 Sep 2012 Evaluate

State-run Indian Oil Corporation (IOC) has decided to invest Rs 56,000 crore towards capex during the 12th Plan. It has allocated 26% of this for integration and diversification and 74% for core business.

Further, the company is concerned about growing under-recoveries in the absence of timely receipt of compensation. The corporation has been chasing with the Government in this regard, with the expectation that in the interim, the government will continue to provide 100% compensation.

Peers
Company Name CMP
Reliance Industries 1258.00
Indian Oil Corpn. 135.25
Bharat PetroleumCorp 304.50
HPCL 351.00
MRPL 175.90
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