India’s largest crude oil refining firm, Indian Oil Corporation (IOC) is mulling an investment of Rs 40,000 crore in a world-class greenfield refinery-cum-petrochemical complex on the country’s West coast with capacity to process 18 to 20 mln tpa of crude. Plans to set up this coastal refinery between Mangalore and Goa will help the company capture the export market as well as strengthen foothold in the domestic market. IOC controls half of India’s 20 refineries.
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28-Apr-11 
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