Indian Oil plans to invest â¹1.75 lakh crore for expansion
State-owned Indian Oil Corporation is planning to invest â¹1.75 lakh crore to nearly double its refinery capacity and boost petrochemical production. The company currently owns and operates 11 out of the 23 oil refineries in the country. It is also planning to expand its gas business and lay new pipelines to become a vertically integrated company, Chairman Sanjiv Singh said.