Indian Oil To Invest Rs 2 Lakh Crore In 5-7 Years To Maintain Leadership Position

Bloomberg Quint | Aug 13, 2019 at 6:41 PM
  • The plan is to almost double Indian Oil’s oil refining capacity to 150 million tonne per annum, expand fuel and gas retailing networks, jack up petrochemical production and produce more crude oil and gas.
  • The firm is also looking to rapidly expand its natural gas retail business by investing Rs 10,000 crore over the next eight years.
  • Indian Oil will invest Rs 492 crore in Gujarat in 2019-20 to augment capacity and expand its fuel retailing network.