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IOC investment push: Oil giant to spend Rs 1.66 lakh cr in 5 years, focus on refining and renewables

Indian Oil Corporation is set to invest Rs 1.66 lakh crore over five years, expanding refining capacity and venturing into petrochemicals, natural gas, and renewables. The company aims to boost petrochemical production, diversify into green energy with a Rs 2.5 lakh crore outlay, and expand its pipeline network and fuel station infrastructure.

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