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Oil firms to invest over Rs 77,500 cr
State-owned oil companies will invest over Rs 77,500 crore in adding 44.2 mn tonne of refining capacity by 2012. IOCL is investing Rs 29,777 crore to set a refinery of 15 mtpa capacity at Paradip. BPCL is investing Rs 11,397 crore in a 6 mn tonne unit in Madhya Pradesh, while HPCL is building a 9 mn tonne refinery in Punjab at a cost of Rs 18,919 crore. Besides, Mangalore Refinery & Petrochemicals Ltd is expanding its refinery to 15mn tonne by investing Rs 12,412 crore.
State-owned oil companies will invest over Rs 77,500 crore in adding 44.2 mn tonne of refining capacity by 2012. IOCL is investing Rs 29,777 crore to set a refinery of 15 mtpa capacity at Paradip. BPCL is investing Rs 11,397 crore in a 6 mn tonne unit in Madhya Pradesh, while HPCL is building a 9 mn tonne refinery in Punjab at a cost of Rs 18,919 crore. Besides, Mangalore Refinery & Petrochemicals Ltd is expanding its refinery to 15mn tonne by investing Rs 12,412 crore.