{"id":51021,"date":"2022-06-30T14:30:00","date_gmt":"2022-06-30T09:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=51021"},"modified":"2022-06-30T14:21:27","modified_gmt":"2022-06-30T08:51:27","slug":"biz-ioc-digboi-refinery","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ioc-digboi-refinery\/","title":{"rendered":"IOC to invest Rs 740 cr to raise Digboi refinery capacity"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-671742781\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation&#8217;s oldest oil refinery at Digboi in Assam.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4193132752\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities at an estimated cost of Rs 740.20 crore.<\/p>\n<p>&#8220;The project is expected to be commissioned by October 2025,&#8221; it said. &#8220;The capacity expansion would improve the profitability of the Digboi refinery.&#8221; Digboi refinery was commissioned on December 11, 1901, and is India&#8217;s oldest operating refinery and one of the oldest operating refineries in the world.<\/p>\n<p>Previously owned and operated by the Assam Oil Company Limited\/Burmah Oil Company, it came into the IOC fold by an Act of Parliament on October 14, 1981, and became the Assam Oil Division of the company.<\/p><div class=\"trade-content_5\" id=\"trade-1248208775\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>According to the IOC website, the refinery processes waxy crude extracted from oil fields operating in areas nearby Digboi. It also started processing crude condensate in 2018.<\/p>\n<p>Digboi refinery&#8217;s current product portfolio includes LPG, petrol and diesel, fuel oil and sulfur.<\/p>\n<p>IOC is the nation&#8217;s largest oil refining and fuel marketing company. It owns and operates 10 oil refineries with a cumulative capacity of 80.55 million tonnes per annum. This makes up for about 32 per cent of India&#8217;s oil refining capacity of about 250 million tonnes. PTI ANZ BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-3387134721\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation&#8217;s oldest oil refinery at Digboi in Assam. In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-51021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IOC to invest Rs 740 cr to raise Digboi refinery capacity - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ioc-digboi-refinery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IOC to invest Rs 740 cr to raise Digboi refinery capacity\" \/>\n<meta property=\"og:description\" content=\"State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation&#8217;s oldest oil refinery at Digboi in Assam. 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