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.