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IOC planning to invest Rs 840 crore to set up greenfield facility, expand storage capacities

04 Apr 2022 Evaluate

Indian Oil Corporation (IOC) is planning to invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast. The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by 2030 from the existing 3,160 TMTPA.

The first one is the setting up of a greenfield depot at Sekerkote in Tripura. This will entail an investment of around Rs 540 crore and will be completed by 2024. Another major project that the company will undertake is the expansion of the Betkuchi POL depot in Guwahati. The company earmarked Rs 298 crore to increase the storage intake to 54,000 KL from 25,000 KL now, install new fire water tanks and other facilities.

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.

Indian Oil Corpn. Share Price

138.95 0.60 (0.43%)
10-Jul-2026 16:59 View Price Chart
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Company Name CMP
Reliance Industries 1308.85
Indian Oil Corpn. 138.95
Bharat PetroleumCorp 309.70
HPCL 395.35
MRPL 162.45
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