{"id":374532,"date":"2020-09-22T08:38:04","date_gmt":"2020-09-22T03:08:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374532"},"modified":"2020-09-22T09:19:00","modified_gmt":"2020-09-22T03:49:00","slug":"ioc-to-review-greenfield-expansion-projects-in-refining-segment-chairman","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-to-review-greenfield-expansion-projects-in-refining-segment-chairman\/","title":{"rendered":"IOC to review greenfield expansion projects in refining segment: Chairman"},"content":{"rendered":"<p>State-run Indian Oil Corporation (IOC) on Monday said it will review all its greenfield expansion projects in the refining segment, with the Covid-19 pandemic impacting fuel demand. The refiner said it plans to boost its petrochemical intensity to help protect against volatility. <\/p>\n<p>IOC\u2019s board on Monday also approved an integration plan for its petrochemical and lube facilities at its Gujarat refinery at an estimated cost of Rs 17,825 crore. <\/p>\n<p>IOC Chairman S M Vaidya said, \u201cWe are also reworking the demand supply dynamics and will review all our greenfield expansion projects.\u201d The company, however, does not plan to revise its planned capital expenditure (capex) for the current financial year. Vaidya said the firm is on track to achieve the capex of over Rs 26,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run Indian Oil Corporation (IOC) on Monday said it will review all its greenfield expansion projects in the refining segment, with the Covid-19 pandemic impacting fuel demand. The refiner said it plans to boost its petrochemical intensity to help protect against volatility. IOC\u2019s board on Monday also approved an integration plan for its petrochemical and lube facilities at its Gujarat refinery at an estimated cost of Rs 17,825 crore. IOC Chairman S M Vaidya said, \u201cWe are also reworking the demand supply dynamics and will review all our greenfield expansion projects.\u201d The company, however, does not plan to revise its [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-374532","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374532"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374532\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}