Indian Oil Corp expects 15% of total revenues from petrochemical sector in 3 years

16-Sep-09

Indian Oil Corporation (IOC) has planned investments of over Rs 20,000 crore in three world-scale plants and projects in the pipeline. The state owned oil major is implementing projects worth Rs 60,000 crore, including over Rs 20,000 crore in petrochemical and refinery capacity expansion. Petrochemicals will be a major driver for the company’s future growth, with an estimated 15% revenues from this sector expected in three years.