MoneyWorks4Me

Indian Oil Corporation signs long term supply agreement with Air Products

09 Jun 2022 Evaluate

Indian Oil Corporation (IOCL) has signed a long term supply agreement with Air Products, a world leader in industrial gases. Air Products will build, own, and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL's Barauni Refinery in Bihar.

The new industrial gas complex will aid Barauni capacity expansion from six to nine million tonnes per annum producing Euro-VI or BS-VI compliant petrol and diesel. The industrial gas complex will include the latest generation multi-feed hydrogen production facility supplying 70,000 normal cubic metres per hour (Nm3/hr) of hydrogen as well as steam, and a high-efficiency air separation unit producing 4,000 Nm3/hr of nitrogen.

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.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
View more..