Top Indian Refiner Plans $6 Billion Expansion as Demand Climbs

  • IOC aims to boost refining capacity by 30% over next 6 years
  • Country’s capacity may reach 340 million tons by 2030: Singh

Indian Oil Corp. will spend about 400 billion rupees ($6 billion) to boost capacity by almost 30 percent in the next six years to feed the booming fuel demand in the world’s second-most populous nation.

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