Indian Oil to invest ₹1 trillion in petrochemicals over next 5 years

•Indian Oil plans to invest ₹1 trillion in petrochemical projects over 5-6 years.

•The goal is to raise petrochemical intensity from 6.5% to 16% of crude oil conversion.

•Indian Oil aims to increase petrochemical production capacity to 13 mtpa by 2030.

•The company will also invest in renewables, pipelines, green hydrogen, and sustainable aviation fuel.