NEW DELHI: Indian Oil Corporation (IOC) on Friday said that it will invest Rs 32,946 crore in order to expand that capacity of its oil refinery located at Panipat, Haryana to 25 million tonnes per annum. It will also set up several chemical units at the refinery complex.
The expansion will be completed by September 2024. The Panipat refinery currently has the capacity to turn 15 million tonnes of crude oil per annum into value-added fuels such as petrol, diesel, and Aviation Turbine Fuel.
