IOC to invest Rs 32,496 cr to expand Panipat refinery capacity
State-owned Indian Oil Corporation (IOC) on Friday said it will invest Rs 32,946 crore to expand its oil refinery at Panipat in Haryana to 25 million tonnes per annum capacity and set up chemical units.
The expansion will be completed by September 2024, the firm said in a filing to the stock exchanges.
Panipat refinery currently has a capacity to turn 15 million tonnes per annum of crude oil into value-added fuels such as petrol, diesel, and ATF.
