Indian Oil Corporation (IOC) has received approval for capital investment for capacity expansion of Panipat Refinery from 15 Million Metric Tonne Per Annum (MMTPA) to 25 MMITPA along with installation of Polypropylene Unit and Catalytic Dewaxing Unit at an estimated cost of Rs 32,946 crore. The project is expected to be commissioned by September 2024.
The capacity expansion would improve the operational flexibility of the Refinery to meet the domestic energy demand and would also enhance the petrochemicals intensity. The increased production of petrochemicals and value added specialty products would not only improve the margins but also de risk the conventional fuel business of the company.
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.
Company Name | CMP |
---|---|
Reliance Industries | 2906.00 |
Indian Oil Corp. | 171.60 |
BPCL | 611.00 |
HPCL | 492.65 |
MRPL | 253.00 |
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