PSU NEWS
IOCs Gujarat Refinery completes 50 years
NEW DELHI. Indian Oil Corporation `s Gujarat Refinery, which completed 50 years of operations today, said it has invested Rs 1,330 crore to upgrade its systems to supply BS-IV fuels from next year. "We have invested Rs 1,330 crore to revamp our systems to make BS-IV complaint diesel and petrol from next year, refinery director Sanjiv Singh told PTI.
The 13.7 million metric tonne Gujarat Refinery was dedicated to the nation on October 18, 1966. The refinery was started with capacity of 2 mmt per year and has since been ramped up to 13.7 mmt now and is gearing up for further expansion to take the capacity to 18 mmt at an investment of Rs 20,000 crore.
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