Indian Oil Corp (IOC) is on track to scale up operations at its Gujarat refinery to 360,000 barrels per day (bpd) by mid-2026, up from its current 274,000 bpd capacity, the company said on Wednesday.

The expansion, aimed at keeping pace with India’s fast-growing fuel demand, involves revamping one of the refinery’s five crude processing units to add 86,000 bpd of capacity.

“Our project is progressing as scheduled and will be delivered in two phases, with full commissioning expected by June–July next year,” said Biplob Biswas, Executive Director at IOC, during a press briefing.

The upgrade will cost Rs 178.25 billion, and will include a phased shutdown of the crude unit and select secondary units this year for retrofitting.

In phase two, IOC plans to roll out additional secondary units, including petrochemical and lubricants projects, by early 2026, allowing the refinery to operate at full expanded capacity by mid-year.

The Gujarat expansion is part of IOC’s broader strategy to ramp up refining infrastructure across India, aligning with a surge in domestic energy demand and growing downstream diversification.

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