Oil PSUs plan to set up country’s biggest refinery

Oil PSUs plan to set up country’s biggest refinery

FPJ BureauUpdated: Friday, May 31, 2019, 07:06 PM IST
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New Delhi: Indian Oil Corp, HPCL and BPCL are planning to jointly build India’s biggest refinery on the west coast, IOC Director (Refineries) Sanjiv Singh said. “We (at IOC) have been looking at west coast for a refinery as catering to customers in west and south was difficult with our refineries mostly in the north. HPCL has also been looking at a bigger refinery because of constraints it faces at the Mumbai unit,” he said.

IOC recently started its 15 million tonnes unit at Paradip in Odisha.   Reliance Industries holds the distinction of building the biggest refinery in India till now. It built its first refinery at Jamnagar in Gujarat with a capacity of 27 million tonnes, which was subsequently expanded to 33 million tonnes. The refinery being planned by the state-owned firms will be “bigger than that,” he said, adding that the refinery will cost Rs 2,500 crore per million tonnes.            -PTI

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