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IOC planning to invest Rs 6 crore on upgradation of supply locations, aviation fuel station in Goa

05 Dec 2022 Evaluate

Indian Oil Corporation (IOC) is planning to invest Rs 6 crore on the upgradation of supply locations and aviation fuel station in Goa (the coastal state). The investment in the development of new retail outlets and upgradation of old ones for the fiscal 2022-23 is Rs 5.50 crore.

Indian Oil has a network of 38 retail outlets in the state, ensuring uninterrupted POL supplies at all times. There are five distributors of Indian Oil LPG in the state.

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.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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