30 Jun 2022 , 09:24 AM
The company seeks to expand the current capacity from 0.65 MMTPA to 1 MMTPA along with associated facilities.
IOCL has estimated a total cost of Rs740.20 crore for this expansion.
The company is expected to commission the project by October 2025.
Post the said capacity expansion the profitability of the Digboi Refinery will improve significantly.
Indian Oil Corporation Limited is a government-owned oil and gas exploration and production company in India.
In today’s early morning trade Indian Oil has dipped to its yearly lowest levels shedding nearly 32% against its previous close of Rs109.80 on the National Stock Exchange.
At around 9.20 AM, It was seen at Rs74.90, slumping to a new 52-week low.
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