Indian Oil Corp. Ltd., India’s largest refiner, plans to raise its total refining capacity to 2.46 million b/d by 2020-21 with two new refineries and a major expansion.
At a meeting in Vadodara, Gujarat, Rajkumar Ghosh, director (refineries), disclosed early plans for construction of a 300,000 b/d refinery in the western part of the country.
He also said the 274,000 b/d Gujarat Refinery at Koyali, Vadodara, would be expanded to 360,000 b/d by 2016-17 and 460,000 b/d by 2020-21.
Under construction by the state-owned company now is the 300,000 b/d Paradip Refinery in Orissa (OGJ Online, Nov. 22, 2010). The Ministry of Petroleum and Natural Gas estimates the refinery will start up in first-quarter 2013.
The company will have 10 refineries when the grassroots projects are complete.