IOC to reach 10 MT refining capacity this fiscal
Oil refiner cum retailer Indian Oil Corp Ltd (IOC) aims to reach a refining capacity of 9-10 million tonne (MT) in this fiscal at its 15 MT crude oil refinery at Paradeep. ´We were aiming to achieve 100 per cent capacity 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 Sanjiv Singh, director (refineries), IOCL.
IOCL has invested Rs.35,000 crore on the Paradeep refinery. The unit commenced operations in February this year.
Contact: Indian Oil Corporation Limited