Indian Oil aims to achieve 10 mln MT refining capacity this fiscal

Oil refiner cum retailer Indian Oil Corporation Ltd (IOCL) aims to reach a refining capacity of 9-10 mln ton (mt) in this fiscal at its 15 mt crude oil refinery at Paradeep. "We were aiming to achieve 100% capacity capacity utilisation at our Paradeep refinery this fiscal. But the refinery will take time to stabilise and reach its full rated capacity. In this fiscal, we aim to achieve a refining capacity of 9-10 mt," said Sanjiv Singh, director (refineries), IOCL. IOCL has invested Rs 35,000 crore on the Paradeep refinery. The unit has commenced operations in February this year. The polypropylene unit would make use of Spheripol Technology from Basell, Italy.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha