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IOC to make investment of around Rs 12,000 crore in Haldia refinery, pipeline infrastructure

24 Jul 2018 Evaluate

Indian Oil Corporation (IOC) is planning to make an investment of around Rs 12,000 crore in the Haldia refinery and pipeline infrastructure in West Bengal.

The company plans to expand Haldia refinery's capacity to 8 mmtpa from 7.5 mmtpa and will undertake the transition to BS-VI compliant fuel by April 2020. The company would invest Rs 7,600 crore in the refinery. Besides, the company also plans to connect the LPG bottling plants at Durgapur and Kalyani by pipeline, which would be brought from Paradeep via Haldia. The Budge plant would be connected later. This would entail an investment of Rs 4,325 crore.

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.

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