IOC to reach 10-mt refining capacity at Paradeep this fiscal

摘要

Oil refiner cum retailer Indian Oil Corporation (IOC) aims to reach a refining capacity of 9-10 million tonnes (mt) in this fiscal at its 15-mt crude oil refinery at Paradeep. "We were aiming to achieve 100 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 Mr. Sanjiv Singh, Director (Refineries), IOC. IOC has invested Rs. 35,000-crore on the Paradeep refinery. The unit commenced operations in February this year.