IndianOil approves Gujarat expansion plans

IndianOil has given the go ahead to expand its Gujarat Refinery by 4.3 mn metric tonnes per annum (MMTPA) to 18 MMTPA, at a cost of approximately USD2.35 bn.

The IndianOil Board has also given its in-principle approval for acquiring up to a 50 percent equity stake in GSPL LNG Ltd., which is setting up a 5-MMTPA LNG terminal at Mundra Port in Gujarat.

SourceL IndianOil

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