Indian Oil to invest Rs 15,000 crore

Jun 08, 2015 12:00 AM

India’s largest refiner Indian Oil will expand refining capacity of its Panipat refinery to 20.2 million metric tonne per annum (MMTPA) at an investment of Rs 15,000 crore.

Panipat Refinery commissioned in 1998 with refining capacity of 6 MMTPA had its first expansion of 6 MMTPA in 2006. The capacity of 3 MMTPA was added in 2010. The proposed expansion of refining capacity from 15 MMTPA to 20.2 MMTPA is being planned at a cost of Rs 15,000 crore, said minister of state for petroleum and natural gas Dharmendra Pradhan on Sunday.

The refinery caters to the high-consumption demand centres in North-Western India including the states of Haryana, Punjab, J&K, Himachal, Chandigarh, Uttaranchal, as well as parts of Rajasthan and Delhi.

Panipat Refinery has also developed new products like 96 RON petrol, and sub-zero diesel for the Indian army. It is already operating above 100 per cent capacity for the last four years.

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