IOC to invest Rs 1 lakh cr to expand refining capacity: Chairman

To cater to that demand surge, IOC is aggressively rolling out new projects. "These translate into refining capacity expansion of over 25 million metric tonne per annum, including (subsidiary) CPCL, and an investment commitment of close to Rs 1 lakh crore over the next 4 to 5 years," IOC Chairman Shrikant Madhav Vaidya said.

from Energy-Industry-Economic Times https://ift.tt/2WvtQDj