IOC to raise capacity to 80.70 MT
New Delhi   03-Sep-2010

State-owned IndianOil will raise its refining capacity to 80.70 million tonnes by 2012, Director (Refineries) BN Banakpur said on Thursday. IOC will expand its Haldia refinery in West Bengal by 1.5 million tonnes to 7.5 million tonnes and the Panipat unit in Haryana by 3 million tonnes to 15 million tonnes this year to take the total refining capacity to 54.2 million tonnes per annum, he said addressing company employees.

The company currently has a refining capacity of 40.70 million tonnes in eight refineries it directly owns and together with its subsidiaries, the group's refining capacity stands at 60.20 million tonnes.

Bankapur said that the petrol and diesel quality improvement projects at all its refineries have been completed and the units are producing and supplying Euro-IV grade fuel.