PSU PRESS RELEASE
IndianOil refineries create new performance benchmarks
New Delhi. "IndianOil refineries recorded an all time high performance on all critical parameters for the fiscal year 2016-17. The nine refineries of IndianOil have also successfully fulfilled the commitment of rolling-out BS-IV grade auto fuels across the country on April 1, 2017. This has reaffirmed the confidence of the industry and the stakeholders in the capabilities of We have now set sights on accomplishing the vital, though challenging, goal of supplying BS-VI quality auto fuels across the country, by April 1, 2020. Achieving such a quantum jump across two fuel quality grades, in a short span of three years has never been attempted worldwide.
I am confident that IOCians will rise to the challenge and accomplish all the targets to ensure IndianOil's leadership position". Mr. Sanjiv Singh, Director (Refineries) shared this while addressing IOCians to mark the beginning of the new fiscal year.
Congratulating the employees of Indian's largest refiner for the praiseworthy performance, Mr. Singh expressed happiness that with focused efforts, the Refineries Division of IndianOil has achieved crude throughput of 65.1 Million Metric Tonnes (MMT) surpassing the MoU target committed to the Government of India, displayed best performance in energy parameters and attained highest production of major products like petrol , diesel, jet fuel (ATF), among others.
IndianOil's Director (Refineries) also chalked out the blueprint for the employees to move ahead, to successfully meet the gearing competition in the oil and gas industry. He also underlined the need for innovative ideas and leveraging technology to meet the stringent targets for new projects.
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC