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Indian Oil Corporation has unveiled its plans of investing Rs.2000 crores into a number of projects over the next 5 years. Telangana and Andhra Pradesh will be hosting IOCLs new venture that would enhance fuel storage capacity, and provide access to state-of-the-art systems for improving efficiency and safety. IOC has also proposed a cross-country pipeline of Rs. 2,321 crore from its Paradip refinery to Hyderabad.