Indian Oil Corporation is planning to commence crude processing at its 300,000-barrels-per-day Paradip refinery by August or September. The company is also planning to run it at 60 percent capacity at present and 100 percent capacity in next year. The refinery will have only one crude distillation unit.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.