IOC planning R30,000-cr refinery on west coast
- Sreesanth, Jiju Janardhan lived in independently booked rooms: Cops
- India to convey concerns over Ladakh incursion to Chinese Premier
- IPL 2013 LIVE SCORE: Maxwell falls early in stiff run-chase
- Narendra Modi: India losing sheen as agricultural nation
- Rajapaksa slams Tamil diaspora for lack of support in reconciliation process
Indian Oil Corp on Tuesday said it is planning a Rs 30,000-crore refinery on the west coast in Gujarat or Maharashtra as part of its plans to raise the refining capacity to 100 million tonnes.
IOC has 7 refineries totalling 54.2 million tonnes and a 11.5 million tonne subsidiary in Chennai Petroleum. It so far has no coastal refinery, impairing its ability to process cheaper difficult crude oils. "We are looking at options to set up a 15 million tonnes refinery on the west coast," IOC director (refineries) Rajkumar Ghosh said here. IOC, he said, is looking for sites for the new unit in Gujarat and Maharashtra. The firm has been offered land by Adani Group at Mundra and by Shapoorji Pallonji Group in Saurashtra.
- Destitute, orphan students outclass rest in Andhra Class 10 exams
- To re-energise ties, PM wants to visit US, waits for confirmation
- NIA court says no terror link, frees 'Hizbul militant' Liyaqat on bail
- CBI arrests its coal allotments investigator on bribery charge
- ‘Cricketer-bookie Amit may have used Jiju to reach Sree’
- BCCI chief N Srinivasan says police must prove spot-fixing allegations