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IOC investing Rs 14,800 crore in expanding capacity of Barauni refinery

28 Aug 2020 Evaluate

Indian Oil Corporation (IOC) is investing Rs 14,800 crore in expanding the capacity of its Barauni refinery in Bihar as part of over 2,800 projects being executed under the Aatmanirbhar Bharat campaign to boost domestic manufacturing and create jobs. The company is currently executing 2,814 projects with a cumulative investment of Rs 2,05,100 crore.

The projects will generate a total of 217.7 lakh man-days of employment in fiscal 2020-21. A total amount of Rs 818.35 crore was paid till August 15 to workers engaged in various ongoing projects, generating about 54.6 lakh man-days of work. Reiterating its focus on 'Aatmanirbhar Bharat' (self-reliant India), IOC has ramped up activities across all its project sites while strictly following the COVID-19 health advisories. These mega projects will ensure the nation's energy security as the Indian economy prepares to bounce back.

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.

Indian Oil Corpn. Share Price

141.50 -0.20 (-0.14%)
03-Jul-2026 12:13 View Price Chart
Peers
Company Name CMP
Reliance Industries 1306.80
Indian Oil Corpn. 141.50
Bharat PetroleumCorp 309.80
HPCL 399.45
MRPL 150.10
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