IOCL to invest Rs 32,946 cr to expand capacity of Panipat refinery
This capital infusion is expected to increase the capacity of Panipat refinery to 25 MMTPA from 15 MMTPA.
The board of IOCL at its meeting held on 26 February 2021 approved an investment of Rs 32,946 crore to expand the capacity of Panipat Refinery. This capital infusion is expected to increase the capacity of refinery to 25 MMTPA from 15 MMTPA.
The company would also install polypropylene unit and catalytic dewaxing unit in Panipat refinery. The project is expected to be commissioned by September 2024.
