{"id":432711,"date":"2021-08-28T09:19:43","date_gmt":"2021-08-28T03:49:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432711"},"modified":"2021-08-28T09:52:12","modified_gmt":"2021-08-28T04:22:12","slug":"ioc-to-invest-rs-1-trillion-to-expand-refining-capacity-chairman","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-to-invest-rs-1-trillion-to-expand-refining-capacity-chairman\/","title":{"rendered":"IOC to invest Rs 1 trillion to expand refining capacity: Chairman"},"content":{"rendered":"<p>India&#8217;s top oil firm Indian Oil Corp (IOC) on Friday said it will invest close to Rs 1 lakh crore to raise its refining capacity by almost a third in the next 4-5 years as it saw fuel demand continuing to grow in near future.<\/p>\n<p>Addressing the company&#8217;s annual meeting of shareholders, IOC Chairman Shrikant Madhav Vaidya said petrol demand is already back at pre-COVID levels and diesel &#8211; the most used fuel in the country &#8211; should return to normal levels by Diwali.<\/p>\n<p>&#8220;Forecasts by various agencies see Indian fuel demand climbing to 400-450 million tonne by 2040 from the present 250 million tonne. This offers enough legroom for all forms of energy to co-exist,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s top oil firm Indian Oil Corp (IOC) on Friday said it will invest close to Rs 1 lakh crore to raise its refining capacity by almost a third in the next 4-5 years as it saw fuel demand continuing to grow in near future. Addressing the company&#8217;s annual meeting of shareholders, IOC Chairman Shrikant Madhav Vaidya said petrol demand is already back at pre-COVID levels and diesel &#8211; the most used fuel in the country &#8211; should return to normal levels by Diwali. &#8220;Forecasts by various agencies see Indian fuel demand climbing to 400-450 million tonne by 2040 from [&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-432711","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\/432711","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=432711"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432711\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}