Indian Oil Corp (IOC), a state-owned major oil marketing firm, announced on Tuesday that it has set a capital expenditure target of Rs 33,000 crore for the upcoming fiscal year 2025–2026, compared to Rs 35,000 crore for FY25. As of December, the company’s capital expenditures for the fiscal year totaled Rs 28,000 crore. The company…
Indian Oil Corporation Ltd. (IOCL), a state-run company, announced on Wednesday that its board of directors has approved the construction of a petrochemical complex at Paradip in the Indian state of Odisha, at an estimated cost of ₹ 61,077 crores. The PSU refiner said in a statement that the petrochemical complex will include a world-scale…
Coal Minister Pralhad Joshi announced on Wednesday that preparations are in the works to boost coal reserves at thermal power plants from 24 million tonnes (mt) to 40 mt by March 2023. As of Tuesday, coal reserves at coal-fired power plants stood at 24.6 mt, according to the National Power Portal. “Our coal inventories are…
