Indian Oil Corporation to invest Rs 1.75 trillion over 7 years

  • Indian Oil Corporation will be investing Rs 1.75 trillion over the next seven years to expand output by 54 per cent to around 100 million tonnes per annum.
  • It has a capex plan of Rs 1.75 trillion over the next seven years. And out of this, Rs 50,000 crore will be for brownfield expansion at existing facilities.
  • The investment will increase its total output to close to 100 million tonnes per annum from the present 65 million tonnes.

Source: ET

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