News Release Details

With over 2800 projects, IndianOil set to generate 217.7 lakh man-days of employment in FY20-21
New Delhi 26-Aug-2020

Indian Oil Corporation Ltd. (IndianOil) is currently executing 2814 projects with a cumulative investment of Rs.2,05,100 Crores.
The Projects to generate a total of 217.7 lakh man-days of employment in FY20-21.
Till 15^th August 2020 of the current FY, Rs. 818.35 crores were disbursed to workers engaged in various ongoing projects and it has generated about 54.6 lakh man-days of work.

Reiterating its focus on 'Atmanirbhar Bharat', Indian Oil Corporation Ltd. (IndianOil) has ramped up activities across all its project sites while strictly following the COVID-19 health advisories. These megaprojects will ensure the nation's energy security as the Indian economy prepares to bounce back.

IndianOil is currently executing 2814 projects spread across the country with a cumulative cost of Rs.2,05,100 Crores. Out of these, the Refineries division of IndianOil has 622 ongoing new projects with a total outlay of Rs.1,18,141 crores. In the current financial year, already over Rs.818.35 crores have been disbursed to the workers engaged in these ongoing projects.

To meet the future energy demands needed to boost the Indian economy, IndianOil is augmenting the capacity of its Barauni Refinery from 6.0 to 9.0 MMTPA at an estimated cost of Rs.14,810 crores. This capacity augmentation project alone would generate over 9 lakh man-days of work during the current FY.

Other IndianOil projects also include the EnnoreThiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin Gas Pipeline with a total project cost of Rs.6025 crores. Over 50% of this project has already been completed and has generated over 3 lakh man-days in the current fiscal. Over 50% of the Rs.5,654 crores Mono Ethylene Glycol (MEG) project at Paradip Refinery is completed. The 3,338 Crores worth Paradip-Hyderabad Pipeline is also nearing completion with over 80% of the project already completed. This project has generated over 2 lakh man-days in the current fiscal.

Minister of Petroleum and Natural Gas & Steel Mr. Dharmendra Pradhan, while reviewing the on-going projects of IndianOil, appreciated how Petroleum Industry has turned 'crisis into opportunity'. He also advised the Oil & Gas majors to work on mission mode to generate employment and revive growth.

Reiterating IndianOil's commitment to the energy security of India, Mr.Shirkant Madhav Vaidya, Chairman, IndianOil said that IndianOil's projects will contribute significantly to employment generation while kickstarting the economy with a focus on 'Aatmanirbhar Bharat'.

The work is also on at full throttle for the 30'' Crude Oil Pipeline in H-B section of PHBPL (Paradip-Haldia- Barauni Pipeline and conversion of the existing 18" twin pipelines in Haldia- Barauni section from Crude to Product and Gas service. The estimated cost of this project is around Rs 3696 crores.

Other important upcoming IndianOil projects are LPG import facility at Paradip (estimated cost Rs.690 crores); Grassroot POL Terminal at Atchutapuram (estimated cost Rs.466 crores); Additional facilities at Ahmednagar for conversion to ToP on Koyali - Manmad - Ahmednagar - Solapur Pipeline (estimated cost Rs. 273 Cores); NCU expansion along with revamping of MEG & BEU units of Panipat Refinery (estimated Cost Rs.1,636 crores); Infrastructure facilities at Gujarat Refinery & Dumad for Koyali-Ahmednagar-Solapur Pipeline (estimated cost of Rs.906 crores) and 2G Ethanol Plant at Panipat Refinery (estimated cost of Rs.909 Crores).

Overall, about 54.6 lakh man-days of work have been generated by IndianOil projects in the current financial year up to 15.08.2020. A total of 217.7 lakh man-days of employment would be generated through these projects during the FY 2020-21. These projects are crucial for addressing future energy demands as well as employment generation while kickstarting the Indian economy.

John Prasad K.
Chief General Manager
Corporate Communications
Indian Oil Corporation Ltd.

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The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.