IOC expanding Barauni refinery as part of ₹2.05 tn projects under implementation

BARAUNI : State-owned Indian Oil Corp (IOC) on Thursday said it is investing ₹14,800 crore in expanding the capacity of its Barauni refinery in Bihar as part of over 2,800 projects being executed under the Aatmanirbhar Bharat campaign to boost domestic manufacturing and create jobs.

“IOC is currently executing 2,814 projects with a cumulative investment of ₹2,05,100 crore,” the company said in a statement.

“The projects will generate a total of 217.7 lakh man-days of employment in fiscal 2020-21.”

A total amount of ₹818.35 crore was paid till August 15 to workers engaged in various ongoing projects, generating about 54.6 lakh man-days of work.