Investment proposal for capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA

26th February 2021

The Board of IndianOil at its meeting held on 26 February 2021 has accorded its approval for capital investment for capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMITPA along with installation of Polypropylene Unit and Catalytic Dewaxing Unit at an estimated cost of Rs.32,946 Crore. The project is expected to be commissioned by September 2024. 

The capacity expansion would improve the operational flexibility of the Refinery to meet the domestic energy demand and would also enhance the petrochemicals intensity. The increased prcduction of petrochemicals and value added specialty products would not only improve the margins but also de-risk the conventional fuel business of the company.

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