Indian Oil to invest â¹1.4 tn to double refining capacity
India's biggest oil firm Indian Oil Corporation (IOC) plans to invest about â¹1.43 trillion to nearly double its oil refining capacity to 150 million tonnes and boost petrochemical production by 2030. IOC is investing â¹16,628 crore in upgrading its refineries to produce Euro-VI emission norm compliant petrol and diesel. The company owns and operates 11 out of India's 23 refineries.