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IOC to invest Rs 11,000 crore in capex in FY13-14

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This topic contains 1 reply, has 2 voices, and was last updated by  Charles Randall 7 years, 5 months ago.

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  • #1638

    Anonymous

    The Indian Oil Corporation (IOC) is planning to invest Rs 11,000 crore in FY 13-14, on projects in the refinery, marketing, pipeline and petrochemical divisions.
     
    Of the total capex planned, the company will invest around Rs 5,000 crore in Paradip refinery. It is planning to commission the delayed coker unit, atmospheric vacuum unit and diesel hydrotreater in the next few months.
     
    Also, the company intends to expand the capacity of its Koyali refinery in Gujarat from 13.7 million tpa to 18 million tpa by March 2017. Feasibility for the expansion has been completed.
     
    IOC will invest Rs 300 crore to upgrade its Mathura refinery in Uttar Pradesh, through revamping of its FCCU (fluidised catalytic cracking unit) from 1.3 million tpa to 1.5 million tpa. It plans to spend another Rs 300 crore on its Ennore LNG project with intention to complete it by 2016. However, IOC is also looking for 3,000 acre in Gujarat, Karnataka or Maharashtra to set up a new refinery on the western coast.
     
    In Petrochemicals, IOC plans to invest Rs 360 crore to set up an acetic acid factory in Gujarat.
     
    The company has earmarked Rs 1,300 crore to invest in three cross-country gas pipelines by June 2014. The pipelines will be laid by a consortium of the three oil marketing companies: Indian Oil, BPCL and HPCL, and Gujarat State Petronet.
     
    These pipelines are Mehsana-Bhatinda 1,625-km pipeline with 77.11 million cu mtr per day capacity; Mallavaram- Bhilwara 1,746-km pipeline with 76.25 million cu mtr per day capacity; and Bhatinda- Srinagar 750-km pipeline.
     
    It will spend another Rs 400 crore in laying a five million tpa crude pipeline from Paradip to Ranchi. It is investing around Rs 300 crore to set up a 680,000 tpa polypropylene unit by 2016-17.
     
    READ MORE
    ***
    A S Sahney, Chief Manager (Technical Services), Soni Malik, Senior Process Engineer, and N Venkatesh Senior Engineer (Operations) from the Indian Oil Corporation, Gujarat Refinery will be presenting at the Coking & CatCracking Conference in New Delhi, 30 Sept – 4 Oct, 2013.  SEE DETAILS AND REGISTER
    ***

  • #4458

    Charles Randall
    Participant

    There is better article out June 1, 2013 with fuller list of India Refinery Projects (IOC, BPCL, HPCL, MRPL & NOCL) expansion Projects &  coker additions:  India’s Refining Capacity Expands to Satisfy Surging Demand
    <Take title with grain salt -lot India Refineries have export products & import crude to balance)
     See: @ http://www.hydrocarbonprocessing.com/Article/3212803/Latest-News/Indias-refining-capacity-expands-to-satisfy-surging-demand.html
     
     

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