Indian Oil to expand Paradip refinery despite stand-off with Odisha

Firm to spend Rs 4,500 cr to roll out BS-VI petro products

Unfazed by the stand-off with the Odisha government over grant of fiscal incentives to its Paradip crude oil refinery, Indian Oil Corporation Ltd (IOCL) is planning for expanding the capacity of the refinery from 15 million tonne per annum (mtpa) currently to 20 mtpa and beyond.

"We are looking into the expansion of the refinery. The oil industry works on a narrow margin. We may go for expansion (of the Paradip refinery) to 20 million or beyond. We intend an investment of Rs 4,500 crore to upgrade the Paradip refinery to roll out petroleum products that would comply with BS-VI emission