IOCL to invest over Rs 26 billion in greenfield units

Indian Oil Corporation Limited (IOCL) has announced plans to infuse in over Rs 26 billion in for setting up various greenfield units as well as expanding its facilities across the northeast region over the next few years. Currently, the IOCL board has approved various new projects, while some are in the process of getting the nod, with the leading energy firm in talks with the local governments in Meghalaya, Mizoram and Manipur to finalise land parcels for the greenfield units.