State run, Indian Oil Corporation (IOC) is planning to expand Panipat refinery, located in Uttar Pradesh by 6 million tonnes (mt) to 18 mt or 21 mt. This refinery currently distils 15 mt of crude oil. This expansion is expected to cost up to Rs 6,000 crore, as most peripheral facilities are in place.
The company is also preparing detailed project report for expansion of Koyali refinery in Gujarat from 13.7 mt to 18 mt. The project has already received preliminary board approval. The company is also considering smaller projects for implementation of ‘Indmax’ at Bongaigaon refinery in Assam and setting up a delayed coker unit at Haldia in West Bengal. The projects will cost Rs 2,000-3,000 crore each.
