Iran to double down on investment in India

The state-run company is boosting capacity at its Nagapattinam facility by nine-fold to process 9 million tons per year and the investment is Naftiran Intertrade Co’s share of the Rs 27,500 crore expansion plan, managing director SN Pandey said. The rest of the investment will be through debt and equity, including fresh capital from its main founder Indian Oil Corp.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2LPqZf3