Indian Oil Corporation Ltd approves investment for capacity expansion of Digboi Refinery from 0.65 MMTPA to 1 MMTPA

The Board of Indian Oil Corporation Ltd (IndianOil) at its meeting held on 28th June 2022 has accorded investment approval for capacity expansion of Digboi Refinery in Assam from 0.65 MMTPA to 1 MMTPA alongwith associated facilities at an estimated cost of Rs.740.20 crore. The project is expected to be commissioned by October 2025. The capacity expansion would improve the profitability of the Digboi Refinery.

Shares of Indian Oil Corporation Limited was last trading in BSE at Rs. 109.80 as compared to the previous close of Rs. 108.40. The total number of shares traded during the day was 981912 in over 10786 trades.

The stock hit an intraday high of Rs. 110.10 and intraday low of 107.85. The net turnover during the day was Rs. 107200872.00.

Source : Equity Bulls

Keywords

IndianOilCorporation INE242A01010 IOC CapacityExpansion DigboiRefinery Assam