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Indian Oil to expand capacity of Panipat refinery

Saturday, 30 Nov 2013
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Indian Oil Corporation is planning to ramp up the capacity of its refinery at Panipat in Haryana.

The company plans to increase the capacity of the project to 21 million tpa. Currently, it has a capacity to turn 12 million tonne of crude oil per annum into refined petroleum products or fuel.

However, the expansion plan is at the drawing board stage and investments have not yet been firmed up. The expansion may be accompanied by raising capacity of the adjacent petrochemical complex.

Meanwhile, the company is also planning to expand capacity at its Koyali refinery in Gujarat from 13.7 million tonne to 18 million tonne, with an investment of Rs 5,500 crore.


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