Indian Oil Corp planning a Rs 30,000 crore refinery on India's west coast

摘要

Indian Oil Corp (IOC) is planning Rs 30,000 crore refinery on the west coast in Gujarat or Maharashtra. According to PTI it could be as part of its plans to raise the refining capacity to 100 mln tons.IOC has seven refineries totaling 54.2 mln tons and a 11.5 mln ton subsidiary - Chennai Petroleum Corp Ltd (CPCL). It so far has no coastal refinery, impairing its ability to process cheaper difficult crude oils. IOC is looking for sites for the new unit in Gujarat and Maharashtra. The company has been offered land by Adani Group at Mundra in Gujarat as well as by Shapoorji Pallonji Group in Saurashtra. IOC already has a 13.7 mln tons refinery at Koyali in Gujarat but does not have a presence in Maharashtra.