Indian Oil Corporation to Invest ?21,000 Crore in Expanding Barauni Refinery and CNG Network in Bihar

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Indian Oil Corporation (IOC) is set to invest over Rs 21,000 crore in Bihar, with Rs 16,000 crore earmarked for expanding its Barauni refinery to 9 million tonnes per annum from the current 6 million tonnes, along with a new petrochemical plant. The expansion is scheduled for completion by end-2025. Additionally, IOC will invest Rs 5,600 crore in establishing a CNG retail network and supplying piped cooking gas to households and industries across 27 cities in Bihar.

Note: The above-mentioned news was first published by us in our ProjectX India | 1st January 2025 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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