August 12, 2018
IOC to invest Rs 11,900 crore in Bangla
Indian Oil Corporation Ltd would invest a total of around Rs 12,000 crore in the Haldia refinery and pipeline infrastructure in Bangla.
The Haldia refinery’s capacity would be increased from 7.5 mmtpa to 8 mmtpa, and will undertake transition to BS-VI compliant fuel by April 2020.
The state-owned company would invest Rs 7,600 crore in the refinery.
The LPG bottling plants at Durgapur and Kalyani would be connected by pipeline, which would be brought from Paradeep via Haldia. The Budge Budge plant would be connected later.
This would entail an investment of Rs 4,325 crore.