IOC doubles Panipat unit capacity to 12mn tonne

Indian Oil Corporation (IOC) today announced the doubling of its Panipat refinery capacity to 12 million tonne at a cost of Rs 4,300 crore.

Finance Minister P Chidambaram, Petroleum Minister Murli Deora and Haryana Chief Minister Bhupinder Singh Hooda were present at the function here to dedicate the expanded capacity of the refinery to the nation.

The refinery capacity of IOC group companies will go up to 60.2 million tonne per annum, chairman Sarthak Behuria said.

He added that the refinery would produce Euro-III and Euro-IV grade petrol and diesel.