The Indian Oil Corporation Limited (IOC) will be investing an estimated Rs 15000 crore in expanding the refining capacity of Gujarat Refinery, the company’s flagship refinery located at Vadodara.
As per source, the Gujarat Refinery will expand from 13.7 MMTPA to 18 MMTPA for this company will be investing around Rs 15000 crore for expansion and the quality upgradation of the refinery. The quality upgradation will help the refinery produce Bharat Stage (BS) – VI fuel by 2020.
Presently IOC has More than 800 acres of land in Vadodara and the company is in the process of acquiring 43 acres more as expansion project, said by source.
