IOC to invest Rs 2 trillion to expand core petrochemical business and ensure comprehensive energy solutions

10-Sep-19

National oil refiner and marketer Indian Oil plans to invest around Rs 2 trillion over the next five to seven years to expand the core petrochemical business and to ensure comprehensive energy solutions to the nation, as per PTI News. This mark IOC's foray into areas like renewable energy, battery storage, city gas distribution.

This will also include acquisitions by IOC, along with focusing on consolidating its core business verticals, scaling up new business verticals and entry into high growth potential areas to ensure inclusive and sustainable energy development.