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Gujarat Refinery to invest Rs 24k crore on projects for coming five years

The Gujarat refinery owned by Indian Oil is going to invest about INR 241740 Million on new projects and expansions for the coming five years. The expansion is valued at INR 150340 Million and is expected to increase the capacity to 18 MMTPA by the end of 2022. The new projects also include oxo-alcohol petrochemical project, which is valued at INR 41570 Million, Linear Alkyl Benzamine revamp project valued at INR 2880 Million, BS-IV valued at INR 13150 Million and BS-VI valued at INR 33800 Million.