IndianOil

Fuel retailers take the rural road as EVs, CNG make inroads in urban areas – Times of India

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[ad_1] NEW DELHI: Fuel retailers are betting on rural roads and highways to expand market share as electric and CNG (compressed natural gas) vehicles make inroads in urban areas amid paucity of land for setting up new petrol pumps.Available data shows that nearly 88% of the 16,190 new petrol pumps set up by the three … Read more

IndianOil notches record capex at Rs 35,205 crore – Times of India

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[ad_1] NEW DELHI: State-run IndianOil’s spending hit an all-time high of Rs 35,205 crore in 2022-23, the company said in a statement on Monday.The company invested Rs 34,388 crore in its own projects and Rs 817 crore in joint ventures and subsidiaries. The company has 120 ongoing projects of various sizes, with a total capital … Read more