Indian Oil Corporation has lined up an investment of around Rs. 12,000 crore over three years in the Haldia refinery and pipeline infrastructure in West Bengal.
The investment planned in phases, will see the capacity of Haldia refinery going up from the existing 7.5 mmtpa to 8 mmtpa and a phased transition to BS-VI compliant fuel by April 2020. This envisages an investment of Rs 7,600 crore in the refinery alone. The investment follows in the wake of union petroleum ministry’s decision to equip all refineries in the country capable of producing BS-VI compliant fuel.
The petroleum ministry plans to gradually power all the petrol pumps in the country with solar energy.
