Outcome of board meeting of Indian Oil Corporation

Held on 28 March 2018

The Board of Indian Oil Corporation in its meeting held on 28 March 2018 has accorded approval for the following:

1. Augmentation of Kandla LPG Import Terminal from 0.6 MMTPA to 2.5 MMTPA at an estimated cost of Rs 588 crore.

2. Laying of 30' crude oil pipeline in Haldia-Barauni Section of Paradip-Haldia- Barauni pipeline and conversion of existing 18" product pipeline and gas pipeline at an estimated cost of Rs 3217 crore.

3. Augmentation of Mathura-Tundla Product Pipeline and its extension for hook-up with Barauni Kanpur Pipeline at Gawria T-point by laying Tundla -Gawria pipeline at an estimated cost of Rs 686 crore.

4. Project for production of 100% BS-VI at Gujarat Refinery at an estimated cost of Rs 3380 crore.

5. Acquisition of minority stake (4%) in the LanzaTech New Zealand amounting to USD 20 million through its wholly owned subsidiary in Singapore, IOCL Singapore.

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