The Indian Oil Corporation (IOCL) Gujarat refinery will invest around Rs 1,330 crore in two phases, to complete the conversion from BS-III to a cleaner fuel by the end of 2016.
The first phase will have an investment of Rs 930 crore to revamp diesel hydro-treating units called DHDT and DHDS. In the second phase, the vacuum gas oil hydro-treating unit called as VGO-HDT will be revamped. It will require about Rs 390 crore at the refinery, located at Koyali near Vadodara.