IndianOil plans to increase its capital expenditure by almost 80% to Rs 8,500 crore in 2008-09, from capex of Rs 4,500 crore for the current fiscal. The investments will increase further to Rs 10,000 crore in 2009-10. The projected investment outlay does not include upstream and downstream acquisition opportunities pursued by the company. The proposed investments in Turkey will be made through a SPV and is not included in the capex budget.
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Tuesday, February 05, 2008
IndianOil plans80% increase in capital expenditure in 2008-09
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