IOC to Invest Rs180 Billion on Panipat Refinery

IOC to Invest Rs180 Billion on Panipat Refinery

MUMBAI: Indian Oil Corporation plans to invest Rs 180 Billion to raise capacity of its Panipat refinery in Haryana to 25 mt by 2020, larger than previously planned.

This announcement can reflect a major action plan from the company for uplifting it’s position in Indian market.

In another move, Indian Oil Corporation also announced that it is is planning to lay a 2,000 km pipeline to carry liquefied petroleum gas (LPG) from its Kandla import terminal on the west coast to Gorakhpur in the deep east to cater to growing demand for cooking gas in the country.