IOC to acquire 75 acres for expansion of Vadodara facility in Gujarat

Indian Oil has received nod from the state government of Gujarat to acquire 75 acres of land in three villages in the state to start expansion of its refinery near Vadodara.

Upon completion, the expansion will increase its overall capacity to 18 MTPA,

IOC Executive Director Sudhir Kumar was quoted as saying by PTI: “We have received a go-ahead from the state government to acquire 73 acres from three nearby villages a few days back. This will enable us to begin the Rs 10,000 crore expansion plan of the Gujarat refinery.:

The expansion will involve the company setting up new units which will increase the overall capacity to 18 MTPA (metric tonnes per annum) from 13.7 MTPA now, he said further.

Image Credit : static.dnaindia.com

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