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IOC To Invest Up To $2.7 Billion In Six Refineries

Industry Petroleum & Natural Gas

Indian Oil Corp (IOC) is planning to upgrade its six of its refineries to meet up the fuel specifications announced by the government. It would invest Rs. 40 billion for producing Euro IV compliant fuels and Rs 130-140 billion would be used for upgrading facilities to produce Euro VI compliant fuels.

Extracted from ET, Jan 13,’16

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