 "Indian Oil Corp, iocl")
IndianOil Corporation (IOC) will invest Rs 32,946 crore to increase capacity of its Panipat refinery to 25 million metric tonnes per annum (mmtpa). IOC told the BSE the board has approved of this expansion from the present 15 mmtpa, along with installation of Polypropylene Unit and Catalytic Dewaxing Unit.
The project could be commissioned by September 2024.
“The capacity expansion will improve operational flexibility of the refinery to meet the domestic energy demand, and also enhance the petrochemicals intensity. The increased production of petrochemicals and value-added specialty products will not only improve margins but also de-risk the conventional fuel business,” said IOCL.
The
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