Indian Oil Corporation (IOC) is planning to invest Rs 7,812 crore in fuel quality up-gradation projects at two key refineries as well as other expansion projects. The company’s board last week approved an investment of Rs 1,843 crore in upgrading the 13.7 million tonnes Koyali refinery in Gujarat to produce Euro-IV complaint petrol an diesel. Another, Rs 1,327 crore will be spent on similar fuel quality upgradation project at Barauni refinery in Bihar.
Moreover, the company’s board on February 13 also approved setting up of ethylene glycol project along with associated facilities at Paradip (in Odisha) at an estimated project cost of Rs 3,752 crore. Further, the nation’s largest oil firm will invest another Rs 890 crore in construction of a dedicated naphtha pipeline from Jaipur to Panipat along with augmentation of Koyali-Sanganer product pipeline.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1317.25 |
| Indian Oil Corp. | 141.05 |
| BPCL | 292.25 |
| HPCL | 349.55 |
| MRPL | 171.20 |
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