{"id":374722,"date":"2020-09-23T08:38:50","date_gmt":"2020-09-23T03:08:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374722"},"modified":"2020-09-23T09:25:42","modified_gmt":"2020-09-23T03:55:42","slug":"ioc-to-invest-rs-17825-cr-in-gujarat-refinery-expansion-petchem-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-to-invest-rs-17825-cr-in-gujarat-refinery-expansion-petchem-project\/","title":{"rendered":"IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project"},"content":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s top oil firm, on Tuesday said it will invest Rs 17,825 crore in raising the capacity of its Gujarat refinery as well as setting up a petrochemical plant at the unit as part of plans for upscaling petchem business to protect margins. <\/p>\n<p>In a regulatory filing, IOC said its board at a meeting on September 21 &#8220;accorded approval for implementation of petrochemical and lube integration project at Gujarat refinery at an estimated cost of Rs 17,825 crore&#8221;. <\/p>\n<p>The project envisages raising the capacity of the Vadodara refinery in Gujarat from 13.7 million tonnes per annum to 18 million tonnes and building a 0.5 million tonnes a year polypropylene (PP) plant and a 2,35,000 tonne a year Lube Oil Base Stock (LOBS) unit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s top oil firm, on Tuesday said it will invest Rs 17,825 crore in raising the capacity of its Gujarat refinery as well as setting up a petrochemical plant at the unit as part of plans for upscaling petchem business to protect margins. In a regulatory filing, IOC said its board at a meeting on September 21 &#8220;accorded approval for implementation of petrochemical and lube integration project at Gujarat refinery at an estimated cost of Rs 17,825 crore&#8221;. The project envisages raising the capacity of the Vadodara refinery in Gujarat from 13.7 million tonnes per [&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-374722","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\/374722","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=374722"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374722\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}