India’s Biggest Oil Processor to Boost Refinery Expansion Plan

  • Indian Oil to boost Panipat capacity by 67% to 25 million tons
  • Panipat refinery expansion may cost about 150 billion rupees

Indian Oil Corp. is scaling up an expansion plan for its biggest refinery in northern India at a cost of 150 billion rupees ($2.3 billion), as it races to meet demand in one of the world’s fastest-growing crude consumers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.