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India’s biggest state-run refiner, IOCL yesterday took major decisions in the Annual General Meeting (AGM). The oil guzzler is planning a capital expenditure of Rs 22,000-crore in the financial year 2019. IOCL will spend Rs 6000 crores on the upgradation of its refineries to catch up with BS-VI requirements. The firm is also closing in on the commission of the Ennore-Manali LNG pipeline by the end of the year.
