IOC to invest Rs 1.75 lakh crore in expansion projects

50159748IOC, India’s largest oil firm, will invest Rs 1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and laying pipelines, a company official said.

The plan includes spending Rs 34,555 crore in the 15 million tons a year Paradip oil refinery in Odisha that has recently started producing fuel.

Besides, the refinery expansion projects planned include raising Panipat refinery capacity to 20.2 million tons from 15 million tons currently at a cost of Rs 15,000 crore as well as raising capacity at Koyali, Mathura and Barauni units by 2020, the official said. Read More

Comment Here

Leave a Reply