MUMBAI (Reuters) - Indian Oil Corp Ltd , the country's biggest oil refiner, aims to start crude processing at its 300,000-barrels-per-day (bpd) Paradip refinery in the eastern Indian state of Odisha in December, an executive said on Tuesday.
Start-up of the Paradip plant has been delayed several times. The latest deadline to commission the plant was in August/September.
"Crude has arrived at the refinery and crude storage tank commissioning is underway," Sanjiv Singh, the company's head of refineries, told reporters.
IOC, along with subsidiary Chennai Petroleum, controls about 31 percent of India's oil refining capacity of 4.3 million bpd.
(Reporting by Nidhi Verma in New Delhi and Aman Shah in Mumbai; Editing by Prateek Chatterjee)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
