Investment30 Apr 2025, 03:06 pm
Indian Oil Corporation Ltd Revises Barauni Refinery Expansion Project Cost to Rs. 16,724 Crore
AI Summary
Indian Oil Corporation Ltd has revised the project cost of its Barauni Refinery in Bihar from Rs. 13,779 crore to Rs. 16,724 crore. The increase in project cost is mainly due to the rise in the cost of Plant & Machinery. The Board of Directors approved this revision in a meeting held on 30th April 2025, from 10:00 AM to 02:40 PM.
Key Highlights
- Indian Oil Corporation Ltd revises the project cost of Barauni Refinery in Bihar from Rs. 13,779 crore to Rs. 16,724 crore.
- The increase in project cost is primarily due to the escalation in the cost of Plant & Machinery.
- The Board of Directors approved the revision in a meeting on 30th April 2025.
- The Barauni Refinery's crude processing capacity will be expanded from 6.0 MMTPA to 9.0 MMTPA.