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IOC gets nod for implementation of Petrochemical, Lube Integration Project at Gujarat Refinery

22 Sep 2020 Evaluate

Indian Oil Corporation’s (IOC) board has accorded approval for implementation of Petrochemical and Lube Integration Project at IndianOil's Gujarat Refinery at an estimated cost of Rs 17,825 crore. The project will not only increase the capacity of Gujarat Refinery from 13.7 MMTPA to 18 MMTPA, but would also result in integration to petrochemicals with production of 500 KTPA Polypropylene.

In addition, production of Lube Oil Base Stock (LOBS) of 235 KTA is also proposed. The project would be a building block for production of niche chemicals in future with a potential to increase petrochemical and speciality products integration index on incremental crude oil throughput which would enhance the Corporate margins of IndianOil.

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

141.70 1.80 (1.29%)
02-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1303.80
Indian Oil Corpn. 141.70
Bharat PetroleumCorp 310.45
HPCL 399.65
MRPL 150.10
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