Indian Oil Corporation (IOC), will invest approx Rs.12,000 crore in the Haldia refinery and pipeline infrastructure in West Bengal.

Dipankar Ray, Executive Director and head of West Bengal State Office (WBSO) stated that, the Haldia refinery’s capacity will be increased from 7.5 mmtpa to 8 mmtpa, and will undertake the transition to BS-VI compliant fuel by April 2020. The company will invest Rs.7,600 crore in the refinery.

He further stated that, the LPG bottling plants at Durgapur and Kalyani would be connected by pipeline, which would be brought from Paradeep via Haldia and the Budge plant would be connected later. This will require an investment of Rs.4,325 crore.

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