The Oil PSUs namely Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have announced the plan to jointly set up an integrated refinery-cum-petrochemical complex with a refining capacity of 60 MMTPA (million metric tonnes per annum) in 2 phases in Maharashtra. Engineers India (EIL) is carrying out detailed feasibility study.
Oil PSUs and EIL are in the process of site selection for the refinery in consultation with Govt. of Maharashtra. Setting of operationalisation targets depend on land availability, environment clearance etc.
Powered by Capital Market - Live News
