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

February 17, 2020March 9, 2021Indian Oil, Investment

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.

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