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Indian Oil to invest Rs 1.4 trillion to double refining capacity

Indian Oil to invest Rs 1.4 trillion to double refining capacity

Sunday, April 1, 2018, 2:30 PM

India's biggest oil firm Indian Oil Corporation (IOC) plans to invest about Rs 1.43 trillion to nearly double its oil refining capacity to 150 million tonnes and boost petrochemical production by 2030. IOC is investing Rs 16,628 crore in upgrading its refineries to produce Euro-VI emission norm compliant petrol and diesel. The company owns and operates 11 out of India's 23 refineries.
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