Oil firms to invest over Rs 77,500 cr
OIL & GAS

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.

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram