News SnippetsOil & Gas, Refineries

Indian Oil to Invest Rs. 500 Cr. in Chitradurga, Karnataka

In the ‘Invest Karnataka’ conference at Hubballi, Indian Oil Corporation (IOCL) has signed a memorandum of understanding (MoU) with the Karnataka government to invest Rs. 500 Cr. at Chitradurga.

The investment shall be for setting up a terminal for receiving, storage and distribution of petroleum, oil and lubricants (POL) under common user facility (CUF) area spread across 120 acres.