Indian Oil Corporation has planned to invest
Rs.5,832 crore in new projects during 2005-06. While Rs.4,745 crore would be
deployed for fresh capital formation, around Rs.1,087 crore would be spent on
renovation and modernisation of petrol pumps and retail outlets. Around
Rs.1,530 crore would be spent on refinery projects, Rs.2,023 crore in
petrochemicals and Rs.954 crore in pipelines.
During 2004-05,
IOC spent Rs.4,428 crore on new projects.
In 2005-06, IOC has targeted to add 2,000 petrol
stations to its existing chain of 10,000 outlets. In 2004-05, IOC commissioned
1,096 petrol stations.
The following is a summary of IOC's major
projects:
| Project |
Rs.crore |
Expected
Completion |
| Diesel hydro-treatment,
Mathura refinery, UP |
996 |
Almost complete |
| Petrol quality upgrade,
Mathura refinery, UP |
709 |
May-05 |
| Petrol quality upgrade, Haldia
refinery, WB |
373 |
Jul-05 |
| Petrol quality upgrade, Koyali
refinery, GUJ |
390 |
Jun-05 |
| Sidhpur-Sanganer product
pipeline |
352 |
Apr-05 |
| Chennai-Trichy-Madurai product
pipeline |
363 |
Jul-05 |
| Petrochemical complex,
Panipat, HAR |
5,104 |
Oct-05 |
| Panipat refinery expansion (6
to 12 mln tpa), HAR |
4,165 |
Oct-05 |
| Mundra-Kandla crude oil pipeline |
305 |
Oct-05 |
Overseas Investment: IOC has planned to set up 80
petrol stations in Sri Lanka, taking the total number to 250. In Mauritius, IOC
has proposed to invest $35 million to augment its existing storage facilities in
that country.