Indian Oil Corporation (IOC) has firmed up plans to pump in over Rs 2,600 crore in setting up several greenfield units and expanding its facilities across the northeast over the next few years. The board of the company has already approved various new projects, while some are in the process of getting the nod, with the leading energy firm in talks with the local governments in Meghalaya, Mizoram and Manipur to finalise land parcels for the greenfield units.
The company is at present carrying out nearly a dozen projects, both greenfield and brownfield, across the region, entailing a total investment of Rs 2,612 crore. The company is coming up with major project in the POL segment -- a greenfield depot at Sekerkote in Tripura at an investment of Rs 656 crore.
Indian Oil Corporation is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
Company Name | CMP |
---|---|
Reliance Industries | 1223.50 |
Indian Oil Corp. | 138.25 |
BPCL | 291.85 |
HPCL | 413.45 |
MRPL | 148.70 |
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