Indian Oil to invest ₹25,083 crore this fiscal
Last fiscal, IOCL had incurred a capital expenditure of ₹ 28,200 crore IOCL is leveraging its research and development expertise to move into horizon technologies like 2G and 3G ethanol. Mumbai: Indian Oil Corp Ltd, India's largest refining and marketing company will invest ₹ 25, 083 crores this fiscal to meet its capital expenditure, said Sanjiv Singh, Chairman, Indian Oil Corp Ltd (IOCL). Last fiscal, IOCL had incurred a capital expenditure of ₹ 28,200 crore. IOCL which caters to nearly half of India's petroleum consumption has been making significant investments in upstream assets and petrochemicals which are contributing to the company's business in terms of equity oil and profitability."Indian oil plans are investing ₹ 2 lakh crore in the next 5-7 years to evolve into a future-ready company that provides comprehensive energy solutions to diverse user groups," said Singh in his address to the shareholders. The company will hold its annual general
