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26-Aug2016

Indian Oil Corporation to invest Rs 650 crore in Tripura

Indian Oil Corporation (IOC), the country's largest oil firm, is planning to invest around Rs 650 crore in expanding its storage and bottling capacity in Tripura over the next three years. Meanwhile, in order to capitalise part of the reserves, the company's board will meet on August 29 to consider issue of bonus shares to its shareholders.

IOC 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.


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