Mumbai: Country’s largest oil marketing company Indian Oil Corporation will invest Rs. 17,825 crore to implement Petrochemical and Lube Integration at its Gujarat Refinery.
IOC, country’s second largest player in petrochemicals segment, is expanding its petrochemicals capacity by more than 70% from its present 3.2 million tonnes a year.
“The integration of Polypropylene and Lube Oil Base Stock (LOBS) units will enhance the petrochemical and specialty products integration index of Gujarat Refinery,” said Shrikant M Vaidya, Chairman, IOCL at the company’s 61st annual general meeting.
