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IOC charts Rs 1.8-trillion capex
October 2016
State-run refiner Indian Oil Corp will invest Rs.1.8 trillion in the next six-seven years to ramp up capacities in refineries and gas pipeline. IOC Chairman B Ashok said inventories have helped in improving gross refining margins (GRM) to $9.9 per barrel in Q1, which may not be sustained during the rest of the year.
Paradip Refinerys DHDT unit inaugurated
November 2015
In a step towards commissioning of Rs.34,555 crore Paradip Refinery Project, its Diesel Hydrotreater (DHDT) unit was inaugurated by Indian Oil Chairman B Ashok here in presence of Director (Refineries) Sanjiv Singh.
IOC set to exceed 12th Plan capex of Rs.56,200 crore
October 2015
The nationĀ“s largest fuel retailer, IndianOil Corporation, is set to exceed its capital expenditure target of Rs 56,200 crore for the 12th Five-Year Plan.
Ennore LNG Terminal spadework by December
December 2014
The much-awaited LNG terminal at Ennore, the first on the East Coast of India, is finally set to kick off by the end of this year. Indian Oil CorporationĀ“s CMD B Ashok has said that construction of the Rs 5,150 crore terminal will begin within the end of this year.

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