In an effort for doubling its refining capacity, Indian Oil Corporation (IOC), country’s largest oil firm, is planning to build a new 15 million tonne (mt) refinery in Gujarat, as mentioned in few media reports. The company, which already has a 13.7 million tonnes refinery at Koyali, Gujarat, is planning another unit in the state, due to easy availability of land. The company, at present, has seven refineries with a cumulative capacity of 54.2 million tonnes per annum capacity.
Further towards this development, the company has also appointed Engineers India to do a configuration and location study, which is likely to be completed by year-end post to which the company will commission a detailed feasibility report (DFR). In separate development, IOC is also planning to revamp its existing refineries at Panipat, Mathura, besides Gujarat.
