New Delhi, Jul 8 (PTI) Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Wednesday said with easing of lockdown restrictions, it has resumed work on projects worth ₹1.04 lakh crore which will help address future energy demand as well as kickstart the economy.
IOC said it is on track to achieve its planned capital spending of ₹26,143 crore in the fiscal to March 2021, but future capex depends on long-term demand potential in the country.
“Since the easing of the lockdown, IOC has commenced works on 336 projects…at an anticipated project cost totalling to ₹1.04 lakh crore,” the company said in a statement.
