IndianOil to pump in Rs 2 lakh cr to expand refining capacity

New Delhi: Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain leadership position, its chairman Sanjiv Singh said.

ROBINSINGH@TRIBUNE.COM

New Delhi: Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain leadership position, its chairman Sanjiv Singh said. The plan is to almost double its oil refining capacity to 150 million tonnes per annum, expand fuels and LPG retailing network, jack up petrochemical production capacity and produce more crude oil and gas. The company currently is India’s largest oil refiner with a group refining capacity of 80.7 million tonnes per annum.  PTI

Cities

View All

4 Lakhi Jungle panches move no-trust vote against sarpanch

Allege she was not consulting them before taking decisions

Woman booked for duping husband of Rs 20L

After calling him to Canada, she left him citing ‘extramarit...

100 trees face axe for road to Mohali

UT completes formalities to acquire 13 acres in Dadu Majra &...

2019: Quantum jump in drug seizure

226 were held with drugs, including cocaine, charas, ganja, ...

DSP opens fire at wife, booked

Narrow escape for victim as bullet misses shoulder

Ahead of elections, Kejriwal brings out ‘guarantee card’

Delhi CM promises free bus rides for students, mohalla marsh...

Tile work ‘choking’ trees

Council of Engineers lodges complaint with NGT chief

Dyers move NGT against ministry order

Have been asked to construct canal for waste discharge

Rs 35-cr building at GMC yet to open

Health Corporation, college authorities blame each other for...

No swine flu cases in dist this season

61 cases were reported in 2019; Health Dept taking proactive...