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IOC planning to expand Gujarat refinery: Report

14 Jan 2020 Evaluate

Indian Oil Corporation (IOC) is reportedly planning to expand its Gujarat refinery to 18 million tonne per annum (mmtpa) from 13.7 mmtpa currently at the cost of Rs 22,210 crore. The expansion project also aims at substitution of existing smaller capacity atmospheric unit and vacuum units with a large atmospheric vacuum unit (AVU) to enhance the efficiency of operation.

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.

Peers
Company Name CMP
Reliance Industries 1168.75
Indian Oil Corpn. 130.15
Bharat PetroleumCorp 288.55
HPCL 341.95
MRPL 173.00
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