IOC may set up a refinery in Gujarat.
The proposed refinery expected to have 15 million tpa capacity may cost Rs 30,000 crore.
The proposed unit may also have a petrochemical plant along the lines of the Paradip refinery. Currently, financial modalities of the project are being worked out.
IOC' Koyali refinery in Gujarat has a capacity of 13.7 million tpa. The company operates a 1,870-km-long Salaya-Mathura pipeline from Salaya (near Vadinar) in Jamnagar district on the coast of Gujarat to bring crude oil to its refineries at Koyali, Mathura (Uttar Pradesh) and Panipat (Haryana).
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