IOC expansion plans

Indian Oil Corporation plans to raise capacity to about 1.85 million barrels per day (bpd) by 2016-17 from 1.31 million from now.

The capacity expansion will include raising the capacity at the Haldia plant by about 10,000 bpd, that at the Gujarat plant by 86,000 bpd and the capacity of Chennai Petroleum by 136,000 bpd.

The Haldia plant in West Bengal has capacity of 150,000 bpd while Koyali in Gujarat has 274,000 bpd capacity.

The refinery expansion will require an investment of about Rs 20,000 crore as the company has already committed Rs 30,000 crore investment for Paradip.

The 300,000 bpd Paradip plant in Odisha would be commissioned in the third quarter of 2013.