IOC is planning to expand capacity at its Panipat refinery in Uttar Pradesh.
The company is looking at expanding the capacity to 18 to 21 million tonne. The refinery, currently, distils 15 million tonne of crude oil. The plan is currently under preparation. The proposed expansion may cost Rs 6,000 crore.
This apart, the DPR for Rs 5,500-crore expansion of Koyali refinery in Gujarat from 13.7 to 18 million tonne is also under preparation. The project has already received preliminary board approval. Besides, the smaller projects under active consideration are implementation of ‘Indmax’ at Bongaigaon refinery in Assam and setting up a delayed coker unit at Haldia in West Bengal. The projects will cost Rs 2,000-3,000 crore each.