Bid & Tender
IOCL Approves Buying up to 50% Stake in GSPL LNG

Date : Aug 08, 2017

Indian Oil Corporation Ltd has approved buying up to 50 per cent stake in GSPL LNG. It has approved first stage expansion of its Gujarat refinery to 18 mmtpa of crude oil processing capacity at an estimated cost of Rs 150.34 billion.

 

First stage approval for installation of a second catalytic de-waxing unit at Haldia refinery at an estimated cost of Rs 11.26 billion has also been received First stage approval for installation of ethanol plant using gas fermentation technology of Lanzatech USA at Panipat refinery for Rs 4.41 billion has also been received.