“I see a lot of scope of a ‘Houston’ or `Aberdeen’ being created in India itself on the back of growth in its energy sector in coming years” : IOC Chairman and Managing Director, B Ashok
"A large part of our Rs 1,80,000 crore investment has already factored this brownfield expansion investment plans. But going further forward, there is also scope for green field refineries to be set up in India as well. We are playing the lead role in setting up a very large refinery in the west coast of India and likely in Maharashtra. We are looking at a 60 million tonnes per annum or the largest refinery in the world."
“At Indian Oil, we have committed investments worth Rs 1,80,000 crores in the next 5-6 years. This in itself is going to drive a lot of growth in the whole economy. This will also create opportunities for many other companies who will be involved in building this infrastructure thereby offering direct and indirect investment and job opportunities within and to companies across the globe. From that perspective, a number of public and private sector industries are going to be involved in the growth story of Indian Oil. Here the Make in India concept has got a lot of linkage.”