Indian Oil Corporation to invest Rs 25,000 crore in Gujarat Refinery
New Delhi   09-Mar-2018



The Indian Oil Corporation (IOC) will invest nearly Rs 25,000 crore at its Gujarat Refinery over the next five years. While Rs 1,315 crore will be invested in BS IV fuel project, Rs 3,569 crore will be pumped in BS VI fuel, Rs 15,034 crore will go for capacity expansion from processing 13.7 million metric tonnes per annum (MMTA) to 18 MMTA, Rs 4,517 crore for Oxo-alcohol and Rs 345 crore for revamping Liner Benzene Alkyl (LAB) plant.

Gujarat Refinery executive director (ED), Sudhir Kumar said that the government has given them a deadline of April 2020 for supplying BS VI fuel. “We are investing in the refinery to upgrade the fuel supply but we will also keep flexibility and adjust according to the demand.” The Gujarat Refinery has also planned to sign a MOU with the Vadodara Municipal Corporation (VMC) for buying the treated water from its sewage treatment plant (STP).

“We plan to buy the treated water from the Chhani STP. Currently they release the water in Mahi River. We can buy the water and use it for industrial purpose. We may need more water after the expansion plans. This will help us in saving water and also benefit the environment. Other industries too can follow the same model,” Kumar said. The VMC will have to lay a 9-km pipeline to supply the water to the refinery.