InvestorQ : Can you tell me about the refinery investments likely in the next few years by IOCL?
Angel dcosta made post

Can you tell me about the refinery investments likely in the next few years by IOCL?

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Juvina Maggie answered.
4 months ago
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The government has just reported that state owned refiners like IOCL and BPCL plan to invest Rs.200,000 crore or $27 billion to enhance their oil refining capacity by 20% by the year 2025. At present, India has total PSU refining capacity of 249 million tonnes per year or MTPA. That is approximately equivalent to 5 million bpd or barrels per day.

By the year 2025, refining capacity is expected to increase to by 20% to 298 MTPA. Out of the PSU refiners, IOCL will expand its refining capacity by 25% from 70 MTPA to 87.55 MTPA by the year 2025. In additional, IOCL also plans to double its petchem capacity to 6.3 MTPA from the current 3.2 MTPA. Other refiners like BPCL and HCPL are also boosting capacities.

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