IOC to invest Rs 3,400 crore in Assam to augment operations

Posted on:04 Feb 2018 09:00:01
IOC to invest Rs 3,400 crore in Assam to augment operations
04 February 2018 Current Affairs: Indian Oil Corporation will invest Rs 3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones.

The company will sign a Memorandum of Understanding (MoU) with the Assam Government to this effect at the two-day ‘Advantage Assam – Global Investors Summit 2018’, beginning in Guwahati.

They are signing an MoU with the state government that will empower us to invest Rs 3,400 crore in Assam over the next five years.

This will be for various projects across the state,” Indian Oil Corporation, Executive Director (IndianOil-AOD), Dipankar Ray.

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