CapEx News

Trial run of Indian Oil's lube plant at Manali begins

Petroleum Jan 17,2025

Indian Oil Corporation has begun the trial run of its Rs 1,400-crore integrated lube complex at Manali, Chennai. Once fully operational, it will be the second largest global lube plant with a 672,00

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Nayara Energy pours $8 billion into Gujarat’s ethane cracker plant

Petroleum Jan 13,2025

Nayara Energy, supported by Rosneft, will invest Rs 68,000 crore to build a 1.5 MTPA ethane cracker at its 20 MTPA refinery in Vadinar, Gujarat. This marks a significant foreign investment in India’

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IOCL to set up naphtha cracker unit in Paradip

Petroleum Dec 31,2024

Indian Oil Corporation (IOCL) plans to set up a Rs 61,000 crore naphtha cracker project at Paradip, Odisha, with an MoU expected in January. This project is part of a larger Rs 1 lakh crore investment

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IOCL issues tender for mainline laying, HDDs for LPG pipeline in Tamil Nadu

Petroleum Dec 30,2024

Indian Oil Corporation (IOCL) has issued a tender for laying a 252 km LPG pipeline from BPCL Palakkad, Kerala to IOCL Salem, Tamil Nadu, valued at Rs 106.46 crore. The project includes mainline laying

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IOCL to invest over Rs 21,000 crore to expand Bihar refinery

Petroleum Dec 20,2024

Indian Oil Corporation (IOCL) will invest over ₹21,000 crore in Bihar, including ₹16,000 crore to upgrade the Barauni refinery from 6 to 9 MTPA and build a polypropylene plant by 2025. Additionall

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Andhra Pradesh capital Amaravati to have piped gas supply

Petroleum Dec 18,2024

Indian Oil Corporation officials proposed making Amaravati the first fully piped capital city in India. A team from the Petroleum and Natural Gas Regulatory Board (PNGRB) met with the state government

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Indian Oil Corporation to Expand Refinery Operations with Major Investments

Petroleum Nov 14,2024

Indian Oil Corporation Limited (IOCL) is expanding its refining operations to increase capacity and improve efficiency. The company plans to modernize refineries with advanced technology to meet growi

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BPCL's joint venture with IOC wins production concession in Abu Dhabi

Petroleum Sep 12,2024

Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) have received a production concession from The Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. This follow

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