Indian Oil Corporation to invest Rs 32,000 crore to ramp up petchem capacity

摘要

To meet the rising demand for petrochemicals, especially plastics and polymers, largest public sector company Indian Oil will invest Rs 32,000 crore to ramp up its output by fiscal 2021. This investment is part of the overall Rs 1.8 trillion capex planned for the next five to seven years, IOC chairman Sanjiv Singh said.